Stock Watch 3.29.30 ” Tales from the CRYP”
The stock market is full of many tales, some good, some bad. If there is anything I have learned over the last decade is anything can happen at any time and the entire market can switch directions without warning. Monday was a small version of that. For the first 6 hours of trading the day was a snoozer but the last 30 minutes of trading a few of the shorts I was in payed of in the late day sell off. That’s the beauty of this game. Every moment is an opportunity to uncover a money maker and right the wrongs of your past. Stay hungry and keep moving forward.
Watchlist: CRYP NVGN ONSM TSTC ASTM TXCC
CRYP
This thing is running on pure momentum. Still very early in the cycle so another 20% up day is possible but I’m sure this will get shorted heavy in the next few days. Go long on consol breakouts or short topside fades.
NVGN
Looking to long early strength. I would like to short this eventually but so far I can’t locate shares. Should provide a play in both directions.
ONSM
Media players are en fuego at the moment. Look for a challenge back to 1.80 before entertaining a short.
TSTC
Record quarter results are sending this much higher. Also a nice technical breakout from 2 weeks worth of consolidation. Good buying opportunity on pull backs
ASTM
Rallied 14% to $2.51. on analysts at Stifel Nicolaus initiated coverage of the stem-cell researcher with a buy rating. Who knows how legitimate this analyst is. I stay neutral for now.
TXCC
Nice momentum chart to keep an eye on. Could go either way Tuesday but the momentum is there for a substantial play
