Watch List for 12.5.016

By Madbash

 

 

FNMA This Pink sheet stock has come alive again with the recent talk of returning Government Sponsored Entities back into the hands of private companies.  I would not be surprised to see this test 4.50 tomorrow if it can break past 4.20 There is support at 3.50 and 3.75.  I can’t help but feel that this will be back in the 2s within the next couple of weeks.  I may look to short into resistance @ 4.45-4.50 if the volume is not too strong.

 

NVCN This contract winner had some volatile action on Friday.  Trouble is, it looks like a better short than a long to me, but shorting contract winners is not wise.  If this can break 1.00 with conviction it may be a buy.  More volatility on Monday could offer some dip buy opportunities as well.

 

GLBS, OPTT, DRYS These are all shipping companies that have been spiking then fading lately.  I don’t like the DRYS chart as much as the other two.  Looking for a spike toward 4.50 in OPTT for a potential short.   GLBS looks like it is in short territory now,  if it can’t get past 8.00 tomorrow.

 

 

AMMJ, XXII, CANN, CBDS These weed stocks are all kinda midrange off their recent highs and lows.  I would look to short any big spikes, especially if CBDS can get back over 6.  The sector will most likely cool off, although these stocks are very new dependent. 

 

 

 

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