Penny Stock Watchlist 9.21.10. I see REDF.
Lot of good trades being made in free chat. High quality trades with objective research. Make sure to visit us at .
http://www.meebo.com/room/lincolnalerts/ Access code: lincolnlist
You must be a registered member to view the watchlist analysis. Registration is free.
REDF
No secrets here. This short trade is getting crowded and I hate that. There is no doubt that this stock is way overdone and there is a ton of short interest on it . I personally shorted at $4.74 and, that proved to be early as REDF went to $5, but I held. View video here. http://thelincolnlist.com/?p=1156 So far there were much better trades out there today but we will see what happens tomorrow. I wont hesitate to cut losses early because with the amount of shorts in REDF this thing can squeeze hard.
Up 41% this month and continues after a Barrons article pumping India . I don’t know if this one will produce the kind of results that REDF will. I actually hope this stretched to $3 where I would feel safer entering short. As with REDf it’s way to risky to buy.
Broke into new territory today. I had tweeted several times about this stock having trouble with $11. When it did break $11 it took off. This stock is still in a long technical analysis pattern. If there is a small sell off in the morning I may buy this stock as I can see a 12.50 challenge.
VRNG
Look who is trying to get their pump back on. About a week ago this stock set up like a sweet short but never broke down. I made a few dollars on it but it wasn’t a cream puff. You can view my analysis here. http://thelincolnlist.com/?p=1123 I don’t like the way this stock behaves so I most likely will not get aggressive with it but up towards $3.50 it’s worth a shot
YONG
This is just a nice chart set up. Young has been in a consistent downtrend for a month an now has bounced off of consolidation at $6.70. Today could have been the breakout day YONG needs to challenge the next line of resistance which is $8.