Watchlist 8.18.10. Video is TITN Text of VRNM PEIX HELI
TITN
View the video below to see how I played it on Tuesday. I was bullish on this stock midday as documented in the ” Trending Now” section. But it just started breaking down and wouldn’t stop until the market closed. There is still a play on this for Wednesday. If it can get back to the 16.50′ which was resistance from last year it might run higher. I’m leaning more to the bearish side because TITN sure gave up a lot today and that’s not very encouraging.
VRNM
They make high-performance industrial enzyme solutions. Doesn’t that sound fancy? VRNM had a solid run today and I feel it may catch a morning spike of extremely oversold conditions. I can’t tell you how long it would last as I would be sketch to hold this overnight. Take a look at the daily chart on this and you will see why. This stock has been hammered. I would like to see it go up a few more bucks so I could short the stock.
PEIX
I had this on the watchlist last week and completely let this sneak by me today. What a nice win for the longs. I’ curious to see if this thing can muster up one more spike. In the recent past it hasn’t been able to. I’m leaning towards a run to the .86 level, that’s where I feel the major resistance is. However, I would be surprised if it touched $1 in the next few days. As of now I’m on the fence with this one so I will watch tomorrow to see if there is a justifiable play.
HELI
Here we go with this thing again. I remember shorting this a few months back. Every so often these things like to return. Had solid support today at .075 and closed strong. I would look for a morning upswing but watch yourself as this shady OTC play can twist on you in a minute. These types are easy to manipulate. After HELI’s 15 minutes are up I may consider shorting.