Penny Stock Watchlist 9.1.10 LCRD VG LBSR CWTR LLEN REXX SKH SKS ARQL VHC
You must be a registered member to view the analysis below. Registration is FREE!
We made some nice calls for the second day in a row in free chat. Start your day off right. Join us here. http://www.meebo.com/room/lincolnalerts/
Access code : lincolnlist
LCRD
Please look at the chart below and memorize the pattern because it can make you rich. When you see these pop up throughout the day you should be thinking two things. One, thank you heavens I need the money and two SHORT! So many newbies get sucked into the hype and then it tanks. As for Wednesday there may be one morning of bullishness but this thing is probably done for. look at the daily chart you will see what I’m talking about.
VG
For those who like slow riders this may have reared it’s head as a short term buy. Every technical analysis indicator points to extremely oversold conditions and a quick bounce to 2.40 resistance is foreseeable. However, it will take this thing days to get there as it only moved .6c to .12c per day
LBSR
Every OTC board is pumping this slug and it’s working. This stock has gone from .2c to .17c in the last two weeks.These do not just keep running up like this regardless of what they have got going on. I will look to short this as soon as the momentum appears to be slowing but that may not be today.Often the drawback with OTC stocks is you see a small red bar and then the thing just tanks. You don’t have the luxury of waiting for the perfect technical analysis set up
CWTR
Is doing all it can to cling to it’s spike from five days ago but it’s on the verge of sliding into the abyss. Each day it slowly fades more and more. Any break of 4.20 turns this into a bearish play with decent predictability. Again I will monitor the action Wednesday and update analysis figures then.
LLEN
I’m going to stick with this one for one more day. What a 30 minute thrill ride this afternoon. When they reported earnings that quadrupled at 12.30 EST the stock shot from $9 to 9.25 in a flash. Then, immediately sunk to $8.15. Somebody must know something I don’t as a company that quadruples it’s earnings tanks so quickly. This is why I do not play earnings I have be trounced like this in years past. Anyway, I will let the news simmer in the minds of investors and see how this thing plays out tomorrow. I favor this stock as a buy as I can see a short term run to $10.50 but I will short this thing in a second if there is another panic. Short term support is $8 resistance 9.30.
Others to watch REXX (featured in yesterday’s watchlist ) SKH SKS ARQL VHC