Watch List for 1.30.017

By Madbash

 

VBIO, CIIX   Both these stocks have a pumpish looking chart.  I would consider shorts on both of them into 2.50z resistances.

 

BLRX This junker has a horrible long term chart & not a ton of volatility.  Probably no play but I would consider a short position if it cannot breakout past 1.12-1.15 today.

 

 

PNAT This Pump has potential Sisz & Broz!  An epic end would be a nice spike back towards highs above 3 for an excellent short.  More likely to fail @ 2.25 and crash through 1.80.

 

PTCO This Pump just had its first big red day.  There was not much interest in propping it up until the mid 1s.  63% Drop!  Maybe a bounce play, but probably a good short today into what little strength it musters.  Remember, no 2 pumps are the same, like lil liberal snowflakes.

 

PSCR Dump City. This dropped from 2.11 to .45 in two days. There may be a good bounce opportunity with this stock today.  I will look for signs of strength for a long on the move to the upside.  Of course, if there are shares to short, 1.00 would be a great resistance point to short into.  Every pump is different so just watching this will be great.

 

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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