Watch List for 1.31.017

By Madbash

 

PNAT This Pump had a little up day yesterday.  It looks like it will meet resistance in the 2.50 2.60 area.  This could be a good short, or bounce play off of an epic crash to the 1.40 area.

 

PTCO This Pump just had its first big red day followed by a smallish green day.  There is high likelihood of a continued bounce today, but I don’t think “people” have a lot of faith in this one.  Any long positions should be short and sweet.

 

PSCR Dump City. This is due for a bounce, but it does not have a lot of $$$ volume that runs through it.  I would consider a buy if this can get cooking.  .25 to .75 not unlikely.

 

DRYS I had a great trading day going yesterday until I got involved with this after hours.  I made a quick 50 as this was spiking afterhours, then I bag held and got scared out when the new program said “don’t buy”  So many errors on this.  I currently have a long position, and looking at the current p/m I should have sold earlier @ 3.60  Looking for a morning spike, but p/m a little scary right now.

 

LXU I have a long position on this ticker.  This is a real company that is heavily traded by funds and institutions.   It has some interesting volatility on a longer term basis, and has a tendency to squeeze shorts for big moves to the upside.  It is also very prone to large pullbacks on bad news.  I am anxious to liquidate this position so I can easily go All Cash, but I do not want to wholly abandon my original plan.  I expect it to test 10 this week, and it could easily break out if we get some volume.  It does not necessarily trade with the market, but can easily make big moves when the whales splash in.

 

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