Penny Stock Watchlist 9.2.30 SRZ INOL CAR BKC DAKT VHC CBLI
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SRZ
Caught a nice bounce off of a 50 million dollar settlement agreement. That sounds good and all but that is not a solution to the ongoing problems of this company. However, I will play either side of the fence on this one. If everyone is happy and gobbling this up in the a.m. session I will take a shot long but as always I am leaning to the short side because these types of moves never last. The stock may go flat but you would be a fool to think this will continue to go up by leaps and bounds every day. Below is how I would like to see SRZ play out. As you know this is a vision in my mind and when it comes to trading, what you vision and what happens are two different things.
INOL
Went absolutely galactic today pumping to an astounding 3,300% when they announced they will provide and market a proprietary metabolizing test to physicians and practitioners to identify how a patients genetic makeup may affect the body’s response to Plavix. The FDA recently announced that Plavix must carry a so-called “black box” warning label after a study revealed that patients who were “non-responders” as a result of a genetic variation were “3.58 times more likely to have a fatal stroke or myocardial infarction. I was disappointed I didn’t find out about this until it was in the .0.500. It held there for a while so I entered l at .059 long and closed out at .068 for a quick +900 gain. My finger was on the exit button the whole time as longing OTC stock makes me feel queasy. Anyway, there should be plenty of opportunitied on this Thursday. Note, if you are long be ready to exit immediately. I mean don’t even go to the bathroom because you might loose your account. If you are short don’t jump in too early in the morning session as this news could move this a little higher
CAR
What a terrible stock. Cash for clunkers should have donated to this loser. I remember shorting this months back on a bogus Thrifty Rent a Car buyout. Over the last few weeks it’s just been dead money. Well the market revival attracted some buyers and there is life again. I would at least like to see it squeeze to 10.10/10.30 to short. It’s easy money, look at the daily chart. No way do I buy this. I am not saying you cant profit off of buying, it’s just not attractive to me on CAR
BKC
Rocketed heavily off of buy out rumors. I never thought anyone would ever try to buy out Burger King. I haven’t found anything solid to back this story up other than rumours. The chart was an absolute mess today which shows you the amount of indecision and uncertainty surrounding this story. I will be looking to do two things. If the story is true, I will buy as long as I didn’t miss a huge move. If the story is false or fluff, I will short right away as you should see a behemoth of a tank. yes, I prefer the latter.
Others to watch DAKT VHC CBLI