Watch List 11/17/2015
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MARA - This appears to be an earnings winner with some what okay volatility. None of my stocks
from my watch list yesterday did anything note worthy. If it drops to 1.50 and holds it
will be a dip buy or even the 1.60 range would be okay. It appears to have multi day
resistance at 1.75, so it probably would not be a good idea to buy before this level
when looking for a break out. If it breaks the 1.80 level in the morning a strong buy
for me with a down side of .05/share I would look for at least .20/share which is a 4
to 1 risk reward. On the dip of 1.50 down side is .10/share I would look for .30/share
making it a 3 to 1 risk reward on the dip.
VUZI - Earnings winner that has taken a few days to spike. Huge support/resistance at the 5.10
level. If it dips to 5.10-5.20 it will be a buy for me with a down side of .10/share I
will aim .30/.40/share. making it a 3 to 1 risk reward ratio.
HART - Earnings came out on this one the 12th of the month. It appears to have massive support
on the multi day chart naer 1.20. If it should dip back to this level it will be a
potential buy. Downside .05/share while aiming for .30/share at best. making it a 6 to 1
risk reward ratio.
TUES - Released earnings two weeks ago and it looks to still have a lot of juice. It bounced of
multi day/week support near 5.30 the other day and today had about a dollar of upside.
Overall good volatility today. I will be looking for dips with good risk reward such as
the 5.80 level and the 5.30 level. Putting a mental stop loss .10 a share lower and will
shoot for .30/share making it a 3 to 1 risk reward ratio.
KBIO - Volatile Bio tech. This company is terrible and they have news of closing up shop. This
big upwards spike today had to of been a low float short squeeze. I would be very
careful going long this stock, BUT since it is up so big this is a potential short for
me. Very speculative bio tech though.
OCRX - another speculative bio tech stock that I considered buying this morning near 4.14ish.
I'm glad I didn't because I didn't check the risk reward ratio and this needs to take
place on every trade. Risk reward would have been okay at this level, but this is still
a bio tech and I prefer earnings winners for now. Safer charts and less speculative.
I will be careful to play this one if I do.
EROS - Earnings winner that is down a lot off of the day's high. You could say multi day
support at 7.80/7.90 making this a great buy if it starts up trending at the open
tomorrow. Should it break out at 8.00 it might be a good idea to take a small position
and aim for maybe .50/share. This is makes it a 5 to 1 risk reward ratio.
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