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Penny Stock Watchlist 8.24.10. CHTP SCOK NXTH AAU PCBC
CHTP
Was up nice at one point when they announced that a phase II clinical study of Droxidopa for the treatment of chronic fatigue syndrome. I have chronic fatigue from reading this and the chart today is also suffering from chronic fatigue. At one point this stock was almost at 4.50 +.40c but finished at 4.15 +.09c. Not good for the bulls. I somehow think this thing finds a little momentum on Tuesday and tries to work it’s way up to 4.30/50. I would like to see that as a good short entry. I don’t want to buy this unless the bullish momentum is so strong I have no other choice. These bios can act weird at times I.E DCTH ARNA etc.
SCOK
SinoCoking Coke and Chemical. You are probably going to need coke and chemicals if you are bagholding this stock. Plus you will be sleeping on your friends couch when you better half finds out you bought this thing. All kidding aside, this company has never made a dime and the short term run up on this is closing out. You are talking about a stock that used to be $50. The first sign of weakness bitter shareholders are bailing. There is still a possibility that this can bounce but with earnings tomorrow it may get ugly.
NXTH
This stock is mondo sketchy. Up about 21% on the day. There is a deep history of manipulation with this stock and it’s super dangerous. Take a look at the daily chart and the story will be told. I’m sure many traders have bought homes and yachts with this stock and on the same token many have probably gotten a divorce over it as well. There is a short term buy on this as historically it runs for days but it tanks immediately. Be careful as a long . I will only daytrade this. no overnights for me.
AAU
I tweeted about this stock and featured it last Thursday. I thought it was trying to repump itself and that’s what it’s doing. There was a few decent buying opportunities today but I hate buying breakouts unless certain criteria is met and I didn’t see it here. The news has been the same with this one . They dig a new hole, their stock rises. Original story here http://finance.yahoo.com/news/Almaden-Intersects-2323-m-of-iw-2544343630.html?x=0&.v=1 No play for now as it can be a multi day runner but the chart looks primed for a retracement. Resistance 2.70 Support 2.
PCBC
I can’t figure out why this stock would ever go up. I did a video of this a few weeks back http://thelincolnlist.com/?p=585 I won’t complain because the stock is like a Steven Segal movie, I know how it will end. There is no buy play on this only short. I really hope it goes up tomorrow so I can short but probably not.