Penny Stock Watchlist 8.2.10. Video is of NCI Text is of RMTR ARNA TRID BJGP
RMTR
Up from 2.60 to 3.60 in the last week. Overextended in this area but the company makes a few bucks so a continued breakout can still happen. I would look to short on a break of 3.35 and 3.16. Levels holding above 3.35 will probably send RMTR slightly higher on the day.
ARNA
My word this is out of control. Amazing what a speculative weight loss drug can do for your companies stock price. I wanted to take a few long shots on Friday but this stock was out of control and I am not comfortable holding this thing overnight. I will still be looking for a reversal and I believe it will be fast and swift. Bullish sentiment is high, message board amateurs and now Jim Cramer are on the back of this. That means the stock is doomed. Waiting to see Mondays action to determine if a short is doable. Pay close attention to $8 resistence 7.52 to the downside.
TRID
Finally cracked the 1.50 level and took off from there to the 1.80’s. TRID has been hanging around the 1.40’s forever so this breakout could challange the $2 level. After that I don’t feel that there is much more upside. Plus it’s a slow mover
BJGP
This stock is way over pumped. BJGP continued to breakout late Friday and up +1.50 since early July. Clearly at the 52 week high at these levels so more upward action is possible. Be very weary of longing this as a takedown is in the cards as amature longs should be all over this. I would only daytrade this as an overnight hold is sketchy. I will closely monitor Monday’s action to see if there is a play.