Penny Stock Watchlist 8.5.10. Video is of NCI. Text is BDR WWWW SOLF NBIX
BDR
Really let me down today. There was a little drop off the open and that was it. So pathetic that this thing couldn’t run for a second day. I won’t give up just yet. I want to see some manipulation take over and pump this thing up a few bucks so I can short it or even buy it. Maybe Thursday it will perk up a bit because today was a scratch. Breakout level is 2.40 Support 2.00/1.80.
WWWW
Up about 40% on good news/ earnings and managed to hold it’s spike. These earnings plays can run for a few days so their might be a long play in the a.m. but I doubt it will last as soon as people realize the company is over priced the selling will begin. Of course we would like to see another up day but if WWWW is like the rest of the spikes this month (BDR, VRML ) it will probably do nothing tomorrow. Will watch and update in the “trending now ” section
SOLF
The 11 level wrote in yesterdays watchlist proved to be the right short area. View article here http://thelincolnlist.com/?p=700 . I was too busy buying EMMS to pay attention but in hindsight SOLF is a sloppy chart. If you are patient you can bank a nice short as this company is fluff. heavy selling should take place if SOLF breaches 10.35. Upside to the mid 11’s and 12 but I don’t see that Thursday.
NBIX
While many people have been getting caught up in VRML and ARNA this thing has been slowly climbing and it at a 52 week high and broke the $6 barrier that was 08’s high. If it stays above $6 I may consider a long. On the flip side break of $6 will offer a much needed short to correct the stock. I don’t believe NBIX is a long term short.