Penny Stock Watchlist 8.31.10. DAKT LLEN COCO ZIXI PTEC REXX CERP AAU VGZ
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DAKT
This is an education on how charts play out . This is also a great short opportunity for Tuesday.
Double top resistance @9.60. Important level that dates back months. Stock experiences a breakout beyond that level
When DACT becomes over extended it begins to challenge and breach short term support. When it tests 9.60 and folds, let the beating begin
LLEN
I made a decent call today in our free chat. http://www.meebo.com/room/lincolnalerts/
Access code : lincolnlist I will admit I sold a little early but wins are wins. I still like this as a long play for tomorrow. There should be more bullish movement in anticipation of their CC tomorrow after hours. LLEN is a profitable company and could easily beat numbers sending this stock to the moon. I probably won’t play earnings/CC because that’s not my thing. You never know how the wording and data will be translated. However for those who have the patience and fortitude to hold over the next few days this stock should be much higher
Below was the trade on LLEN
COCO
This stock is madly oversold ,down around a decade low and heavily shorted.Even trash looks appealing every so often. Today there was a nice bounce with a strong close and this is a recipe for a quick uptrend. If the momentum can get going this stock it will squeeze over aggressive shorts. If you toss in a market bounce this could be a sweet play. As we now these are all big IF’s. I will look for COCO to remain flat to bullish at the open to get long in the attempt to ride this all day. If it opens below $5 or above 5.50 I doubt there will be a good risk to reward play
ZIXI
Parabolic on the daily chart and closed above previous 2.70 resistance, barley. The run up was because of….. well, rumors. Nothing really backs up this run but I would like to see it continue so this can become a top quality short. The momo has yet to hit this stock so a continuation run could continue Tuesday morning. Look at the daily chart for JANUARY 7TH 2010. That same chart pattern most likely will happen again over the next few days providing some solid news story doesn’t come out. I will look to see the first signs of fading or weakness to build a short position.
PTEC
I’m still mad I missed this mid morning breakout but it only lasted 10 minutes. Seriously , who would buy this? I know somebody did and they are probably going to be disappointed tomorrow. I will look to short this providing it doesn’t tank before I get up or some mysterious fluff news slides out that gets people all giddy. I can definitely see a gap fill back to $3 soon.
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