Stock Watchlist 10.21.10. This is REEdiculous!
REE ZAGG BORN CCME AMLNNLSTCDIIPIPSHZ
Tuesday the economy was in shambles and we were headed deep into the abyss of a recession. Wednesday were all better! Amazing what a day can do. Analysis on TV are so stupid. I bet they have cost ignorant Americans billions of dollars in garbage stock picks and fear stories. Always trade what you see not what you believe. Thursday we will keep it short and sweet
REE
Thursday at 12pm EST we will be having a webinar. Send all topics to service@thelincolnlist.com.
REE
Been on the watchlist for a few days. This is most definitely do for a REEversal. Most folks in chat have been playing this on and off so there is no need for me to post charts. REE has gone up $5 in 3 days. Along the way it has murdered aggressive shorts but what goes up must come down. This is a tough play for shorties and at this stage in the cycle it’s tough to buy something this overdone. I have two short plays in mind. 1. A Thursday morning spike and short into strength 2. A clean break and then a failed retest of 12.50. Shares are tough to borrow. Maybe that’s why it’s still up.
SHZ
Got to stay with this one again. I was mega bullish on this Wednesday. I specifically said I wanted to get long early. On the second 5 minute candle was a beautiful set up and like a tired Jackal I missed it. Glad a few in chat nailed it, makes me feel better. On Thursday I can only watch the tape but I am real short biased on this one. It’s up a ton and I cant see another 60% run up. I will go with the odds and look to short into spikes. Hopefully this doesn’t nosedive in premarket.
ZAGG
A lot like SHZ but not as huge. Still up a lot. ZAGG is a earnings runner and that is a different story but I can ignore that this junk stock is up this much. The $8 area is key for this. If it stays above $8 it could have a little more upside. If it struggles with $8 then a short should be a high probability
PIP
Yes PIP is still here. This is a frustrating stock as every time it looks like a tank it somehow gets bought up again. Manipulation at work. Also, they keep posting press releases every day just to keep this trasher afloat. I will watch this for one more day as I have already wasted enough energy on this one. I’m short biased
CDII
Liked the chart on this one and I thought I was going to blast off so I bough some. It didn’t do much after that so I decided to hold until tomorrow. I’m up on it a few cents but I will see how it plays out Thursday. I won’t be patient with it. If it doesn’t do what I want in the a.m. I’m out.
BORN
I think I’m done with this one. Picked another bad area to short into and got caught in a spike. I keep mistiming this. I think I will pass
NLST
Spiked nicely in after hours. The chart says it has more upside but I feel dirty when I buy stocks like NLST. I will wait to short.
Others
CCME (long) AMLN (long)