You might see some oil plays and shipping plays happen today with news of a tanker being hit with a torpedo in the Gulf of Oman. Probably a one day play on super sketchy stocks with crap charts, but you never know. I'm sticking to the charts I have been looking at for weeks as I know them better and have more confidence in my ability to trade them.
Morning Panic / Dip Buys:
VUZI - (24M float) Had a nice run up these past few days, but 4.50 stopped it hard and it gave up some gains. Looking for a morning dip opportunity at 3.05. It may try to hang up at 3.30, but I'm looking for a bigger dip.
OBLN - (12M float) Well, this stock can't hold it's gains and is dropping. I'm waiting for a dip buy at .64. Go with a small position to start and control risk and add if the stock proves itself.
PRED - (223M float) Another potential dip buy at $4.75 could occur today. I nailed the dip yesterday, but didn't have a large position so I only made a tiny amount of money. It was an educational victory more than a dollar victory. Look for another dip opportunity as this stock could use a green day before it makes a turn further down. Start small on your initial position and add if it is showing strength to the up side.
VRUS - (1.38B float) Feeling heavy up here and hitting resistance here at .025-.026. Looking for a dip opportunity around .020 for a 10-15% gain. Nothing big.
Breakouts / Uptrends:
CVSI - (87M float) Had news of new distribution deal with Krogers. Got in on a failed breakout yesterday, but cut quickly before a loss. Pretty much a scratch. I think this news could have legs though. The long term chart is a mess with lots of bag holders but I think this has the ability to move up. I'm looking for big volume. Really big volume. That's the only way to get this one moving up.
Just to Watch:
VMCS - (N/A float) Near a breakout level but no news and not very big volume. Probably no play here, but you never know. Could be a quick 10% scalp on a small position. Just on watch.
CFRX - (58M float) On watch for a breakout/gap fill. Probably wont happen today, or ever. Who knows. It's just on watch.