What’s up Profit.ly?? $240ish day for me today and I’m up an additional $140 on my remaining long in VPCO. So after a really slow February for me, I more than made up for that these past 2 days. I’m looking for an additional $0.0010-$0.0020/share on my remaining shares of VPCO tomorrow. I also took out my first borrow today and shorted SUNE after the double top at $1.69ish where I got in at $1.60. I missed the initial drop as I was too focused on taking profits in VPCO but got in on a small little rebound. I closed out right before the bell at $1.52 because I wasn’t comfortable holding o/n, even though I still see this going down further. Overall I do want to chime in a say that having more money in my account is much nicer and convenient. I must say that trading with only $400 was very difficult and I was so limited to what I could do. Having a little more wiggle room is nice and I hope to see my gains start moving along a little quicker now. Anyways, here’s what I’ll be watching tomorrow…Same as today ;)
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VPCO – Beautiful morning today as this broke above the multi-day resistance of .0027 and nearly touched .004 where I took partial profits at .0038. I held the remaining portion of my position into the close and overnight. I’m hoping this gaps up in the morning above the .0044 resistance and keeps this uptrend going. This closed very strong with great volume which is why I think this will run tomorrow where it’s pretty thin on level 2 after .0044.
SUNE – This dropped all the way down to $1.40 in PM before spiking up to $1.70 where it double topped and then started to fade. I got in shortly after the second dip and it started to rebound a little at $1.60, which is where I got my short entry in hoping to see the LOD from PM. It failed to get there but it faded a little into the close where I covered at $1.52 as I didn’t feel comfortable holding o/n. I still think this can get back down an additional $0.25, so if it can spike a little, I’d think about re-shorting if it’s excessive.
ELMD – This finally cracked today after pretty much a month of straight gains. I was preoccupied with SUNE and VPCO this morning so I didn’t quite catch this but it did have quite the move downwards. I’m curious to see if this crack continues and we start to see this come back down to the low $4’s or high $3’s. Let’s see if we can get some more volume first.
Here’s a few stocks that I’m always watching do to their volatility and ability to spike huge given the right catalyst or PR. Sometime they spike when they start to get near their long term support levels also without any catalyst.
VLTC, LIVE, AVXL, HMY, NXTD, TGD, UNIS, GSS
If you would like to know why these are on my watch list you can either ask, or go back into my watch lists from earlier in the year explaining in detail what I’m looking at and why.