Stock Watch 12.14.10
Scanners ( charts only ) HQS MNKD LOJN
OTC (no charts) SCME (short) ZVTK (long)
gotta keep watching EDAP REE MGIC SHZ
Oh boy did SHZ catch me out. I hate going back on my plan. No more. I said it was a starter position but allowed myself to get shaken out. Probably not the best short as it’s an earnings runner but it didn’t have to be a loser. I think because of the mad micro caps spiking to oblivion latley I was tricked. On the other hand it’s a good thing I put in a protective stop in on NENE or I would have been crushed. Right now I’ll take what the market gives me. Tuesday is a new day.
LOCM
Have to think this is running out of buyers. Of course it’s fooled me a few times and I hate to be tricked. I will give it another shot as this chart is begging for a short and it’s worth a shot to get a killer drop. Very similar to MGIC, remember that short. Same thing here.
SPMD
Major oversight on my part today. Killer short. Currently up a little after hours. Maybe another shot Tuesday.
PZG
I loved the look of this as a short but I could not get shares. I’m glad some people in chat could. It was a nice gainer but I think the best is yet to come.
CLFC
This was nice fader. However my scanner never caught it. Nothing special just another bull running micro cap but at it’s days high was at 7.88 and closed at 7.28. Nice give up after a law firm is investigating the acquisition. See if some momentum can bolster this up to the 7.80′ s for a short. If not a breakdown of 7.14 will work.
ELGX
Acquisition news and a monster double top break out chart. This could be a great long opportunity Tuesday. A little high on the market cap but could be a gold mine. See the action Tuesday.
HQS
MNKD
LOJN
