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Penny Stock Watchlist 8.23.10. HAUP MTXX VGZ CRDC VRNM ENMD PUDA VVTV
HAUP
Failed again at the 3.15 level. This stock is in the toaster now. If it wasn’t for a lazy summer Friday, this thing would have ended at about 2.70. Again, I hope this doesn’t open up sub 2.70 so I can short it. Maybe it will spike a bit more off of some recycled press release, like Microsoft needs their technology, what a joke. Keep this on the top of your list. There is money here. Support 2.96 Resistance 3.15.
MTXX
I missed a great short Friday because, well , I didn’t want to trade. Tough life. By the time I woke up this trade was done. Maybe the message boards and bulls can push this up Monday morning to around 5.30 to 5.40, that’s where I would put some money on the table. 4.90 is support, if it opens below that scratch this one off . Flat to strong open, get ready to tag this thing.
VGZ
This is printing a nice doji star on the daily chart. Looks to be poised for slim down. On this particular stock the price action is slow so I wouldn’t expect a quick .20c drop but if you are patient your wallet will look impressive. Support is in the 1.60’s and that is where I think VGZ ends up in two days. Resistance is around 2.05. Don’t this is wiggles much higher than that.
CRDC
Doing it’s best to try and prove to us it’s a “good” stock but it should end up like the rest of these slugs, in the gutter. Upside resistance is 2.60 the closer you can get to that on a short entry the better. You always run the risk of these jokers tanking pre market and blowing a good trade. As long as it doesn’t open below 2.10 I will keep it on my watchlist.
VRNM
Maybe one more opportunity to short this one. Won’t be as rewarding as the pullback from 4.60 but it didn’t tank on Friday because traders were at the beach or something. If it opens below $3 I will pass on it but any spike will spark my interest in this. I do hate the sloppy volume and sketchy nature on this thing but it’s worth watching
Others to look at. ENMD PUDA VVTV