Stock Watchlist.12.16.10 OTC’s Pay the Bills
Still in play: REE MCP SHZ
There have been some great micro shorts out there this week but I haven’t been in them. I really wanted to short BSDM Wednesday but no shares to be found. What a bummer. The only thing that saved my day was the NENE long in the a.m. I was much heavier on that share wise than I was with EXEL. In times like these I remember the quote. “The market can remain irrational longer than you can remain solvent.”These OTC’s have been predictable plays as reversals from their gap up gap down opens. I will continue to play then but I’m usually in an out very quick.
EXEL
Gotta give this twerp another go. Heavy insider selling and big bull momentum makes me think it’s worth another shot. Downfall is options activity was bullish. Could run some more tomorrow
AKRX
This is a nice breakout chart . Scanning through the list of the history the recent down days have been very minimal. I don’t think tomorrow will be a 13% runner but I will look to buy on the dips
AMRN
This is breaking out of it’s consolidation base and is rolling higher from it’s gap up. Stock is heavily shorted but we’ll have to see the action on Thursday
PIP
Nice big bump in the afternoon. PIP never holds it’s spikes and I mean never. In the past though when I have shorted PIP it never dropped more than a dime so I may not mess with it. If it can stay above $4 may run to 4.20
NSTC
Been on a three day run but it’s a turtle. Maybe an opportunity to gain some dollars by shorting of longing but you have to be patient. Not sure I can do that.
OSIR
Set in a solid double top at 8.50 on Wednesday. I like this kind of chart. Simple. Above 8.50 long. Below 8.50 short. Well, not that simple. you get the idea
