Penny Stock Watchlist 10.14.10 SIGA EBR DSTI ANTP MOTR BORN ASTI HDY
More bullish continuation in the markets Wednesday. The theme of the day is trade what you see not what you believe. The path of least resistance will reward you the most.
SIGA
Monster pop on Government contract approval and up a/h. There is a short coming on this but I doubt Thursday will be that day, unless you a scalping spikes. That’s not my game. I will watch this one for now. I would like to see it gap up run a bit higher and when the euphoria subsides I will look to enter. If the conditions are right I may buy this but I will not chase.
EBR
Getting a lot of attention after more upside today. There is talk of a dividend but nothing I could verify. The sweet spot is 15.50 for me. If it stays above that I think it has two more days of upside. There will be many shorties in this after 30 minutes so the stock may whipsaw around but I think it goes higher
DSTI
Another runner that will probably see more upside before downside. Currently sitting at $3 which is a double top from late July. It will probably blow right through that on Thursday, after that we will see. I’m looking at a 3.2/3.30 short area. If the tape is mega bullish like it was today I probably will skip until the afternoon
ANTP
This is a classic pump and dump looking chart but it’s up on good financials. Historically this company is bad, how they came up with good numbers this quarters is uncertain. I would like to see more run up to 5.50 or 6 and I think we could get aggressive, especially if those financials are cooked. I have an early premonition this stock will end in tears for bulls.
Stocks in play from previous watch
MOTR
Butcher more bears today. This is a killer short for the strong stomached. Still too early for me
BORN
Same a MOTR, still going. Still picking up buyers on every dip. The bounces are getting smaller. I see a correction by weeks end
ASTI
This was the only decent short play on a classic fade today. There still may be more downside left but the entry was at 5.55
HDY
Most likely will close this long position out tomorrow. This company is on borrowed time. i don’t want to be a bagholder.