Penny Stock RINO. Text is HAUP ADSY CAR EMMS KFN
HAUP
Every two months HAUP has a little breakout when it is linked to the Iphone and prawns buy this thing in hopes of a parabolic run to $50.However, none of these spikes hold. If this is like the other run ups it will be short lived. As noted today, after the first 10 minutes of trading HAUP faded through the rest of the trading session. This stock was the short of the month back in May when it was almost $5 bucks. After the initial drops the remaining ones were slow and I hate slow. I doubt there will be a run to $3 as every short will be standing by to smack this thing down. If it spikes in the a.m. I probably will short it.
ADSY
Another mailer Internet pump. Pumpers have been laying low after Penny Stock Chaser was raided by the SEC a few months back. This stock was on fire today and I missed it. It’s hard for me to buy stuff like this because they can pile drive to zero in a second, don’t believe me, take a look at NXTH. Maybe a couple of up days left but start looking for shares to short. The writing is on the wall here
CAR
One of my favorite shorts two months back until they announced an attempted buyout of Thrifty. That momentum seems to be over now because CAR got hammered and landed right at previous resistance at 10.80. By the time I caught this today it was already down a buck. It may take two days but I expect CAR to test the 10 region. If it breaks that CAR is toast.
EMMS
Friday is supposed to be the day of announcing a buyout of 2.40 per share. EMMS was docile today and most likely the play is over. I will follow because if the buyout price gets higher you could see a replication of similar to PLA last month. No technical analysis on this. Only buying on the news and dumping quick.
KFN
Closed today above resistance that was 8.42 on good earnings. If it can hold above the 8.42 area it would remain short term bullish and challenge the mid 9’s. The mid 9’s is where I would like to short as I think that area would be the maximum upside. As always stated earnings plays can go up for a few days. Will watch for now.