Penny Stock Watchlist 10.19.10 SNSS BDCO VG EXAS MCP REE PIP CBIS CIGX MEDQ OMEX
Monday’s I don’t like them. It seemed as if I was chasing my tail all day. It didn’t help that I got noob smacked by shorting PIP too early and then not tapping that thing in the $4.60’s when I alerted members in chat. Do as I say not as I do. I expect some nice set ups Tuesday as the futures are down so we will see if some of the topsy stocks can readjust themselves.
SNSS
I like this chart but I hate this company. There is a nice consolidation area here in the .30’s and the stock got a nice bounce today so maybe a little more upside on this one. This is a short term day trade for me because this company stinks but there could be .15c of upside if it fills in the gap
BDCO
Another master blaster day. I have shorted this one a few times in the past but right now I’ looking at a buy. BDCO has a history of multi day runs after breakout days. That is exactly what happened today. Much like SNSS in that I may be buying a company I can’t stand but money is money. Look or a run to $3.50.
VG
his has been on my watchlist a few time since the $2.20’s . I’m long this stock in my 401 and have been adding on the way up. Today VG closed at a new 52 week high. Over the next week I see a run to $3. Buy the dips but don’t be a dip.
EXAS
Two Doji’s printed on the daily. This is starting to show signs of weakness after it’s mondo run. I’m looking at shorting a spike or shorting a break of $8.50. High probability short.
MCP and REE
Digging up rocks must be a booming business as these stocks are making new high after new high. Friday I tried to get some November puts. When I sow the gap up Monday I scratched the idea. Good thing or I would have been hammered. Still love both of these companies as a short. They are way overvalued at these prices.
PIP
Jumped in on what looks to be a certain breakdown at 3.75. I was close as the breakdown was a $4.80. Only a dollar off! LOL. Those this happen. I am disappointed that I didn’t keep a keen eye on it. When these things tank they just fall out of the sky. That’s why shorts start to pile on the first red bar. Anyway let’s focus on Tuesday. There is still room to the downside on this as it’s still above $ after hours. We will see what the tape says Tuesday. This could definitely spike again . Look at VHC or MCP. Two stocks that had huge immediate drops only to rebound later.
Other Watchers
CBIS (long ) CIGX (long ) MEDQ (short ) OMEX (short )