Watch List for 12.9.016

By Madbash

 

 

FNMA I took a small short position yesterday.  I would happily add into a push toward 4.50  It seems more likely that this will sell off in the morning, spike back toward 4.10, then fade and bounce off the 3.75 level.

 

NVCN I have a very small short position that I will look to cover when this gets back toward the 1.60 support.  I think this will make new lows compared to the past 3 days, but worth a dip buy off of 1.60 support.

 

AMMJ, XXII, CANN, CBDS This whole sector is three or four times inflated as it should be.  I still feel all these stocks are heading down in the coming seasons.  We will have little jumps and spike, but this is the same song that plays time and again.  Will look to short spikes. 

 

RJETQ, BTUUQ   Both these stocks are in some form of bankruptcy proceedings.   I have small short positions on both.

 

APHB This is a junky company with a bad Crow Chart.  I am embarrassed to have a long position, but I do have some faith in bottoming action.  Bad Sushi = Poison.  This one may cost me.  L

 

 

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