A ” Home Land Security Watchlist. Video is of ICOP Text is of FUQI CABN LQMT JAZZ
ICOP
FUQI
Already down a buch the lat two days but approaching an important support level of 7.40. There is a strong chance on a weak to flat open FUQI can challenge that level. That’s about .20 cents away. That alone provides a decent short. However, a breach of that will most likley punish this downtrodden stock. I like this play, not a super sexy huge smack down but this trade is not crowded and it’s easy money. Looking to find a level to short into Thursday. Resistance at $8 Support at 7.40.
CABN
Went straight to the double top region of .11 and then got suplexed from there. Ironically the company is in the waste management business and they replicate and reek of trash. They do have a proprietary raw catalyst needed for making gasoline without using crude oil. In other words cool technology that we will never use. There is more downside left in this name. Support is .09 Resistance is .11
LQMT
Most of this trade could be done. Broke out to th $1 level I had as an upside target and retraced only to find it’s way back towards $1. This chart was a bit sloppy today so I didn’t bother trading it. In my opinion LQMT needs to solidly push through the $1 barrier to interest me long. I feel the catalyst (AAPL rumors) may be drying up and thus far AAPL hasn’t said much about the deal, but then again AAPL never says much anyway.
JAZZ
Another earnings blaster and a stock that was strong all day in spite of the overall meltdown. There is most definitely upside potential to the 11’s and maybe the 12’s. The latter number I’m not so sure of. I would daytrade this only as I can’t stand to hold mini pharma companies overnight. I will also look to short once the hype and the $50 message board price targets slow up. May take 2 to 3 days for that to pan out. Below $10 and all bets are off as that level will annihilate this company.
Don’t do write ups on stocks above 25 but take a look at CALL. Short set up in the making.