Hello, everyone.
Watchlist is not recommendation to buy, sell, or short-sell any stock but it is just my personal opinion of certain stock so please do your own due diligence.
STOCKS FROM PREVIOUS WATCHLIST:
- HCKT, NES - Both are earnings winners which are gradually uptrending. Both of them are potential buys on dips. I would not chase them. HCKT has a little less volume than i would preffer so it makes me less interested for trading it. I like NES because it have a big amount of short sellers in it.
- AMCN - Reported earnings after-hours and i think that earnings were not so good and since the stock is already up from $2.00 i would definitelly not be long. I am thinking more as a potential short but since there is also a lot of other stocks to play i am not going to focus to much on AMCN. Still i need to se today what will be the price-action because the market reaction to earnings will tell us if the stock is an earnings winner or not.
- MNGA, ONTY - I am both looking as potential shorts but i would like to see some more spiking first, especially for MNGA which usually never held it`s gains but at the moment there is not enough downside to short it. I am going to wait for the right opportunities. Just watching.
- PTBI, VLTC - I said yesterday that both of them are potential dip buys for me if they are going to show some signs of bottoming/strenght and increased volume. I was dead on right on PTBI which did spike yesterday on upgrade to "buy" by analyst H.C. Waingwright. I bought PTBI yesterday late day and sold before the close for small profits. I know it is still early in pre-market as i am typing this but at the moment PTBI looks strong with BID`s above yesterday high and it is already trading @ $9.70 so we might get a runner here. It is hard to judge though because the volume is still to light. VLTC did not have any follow through and it looks like it won`t be able to hold "double-bottom" pattern so i am in no rush to buy it. I need to see some signs of strenght/increased volume before i am going to dip-buy.
- CAS - I was shorting yesterday when it has rejected HOD and it was unable to breakout and since the time was 2.20 PM i tought that this is pre-mature breakout attempt which often leeds to crash before the close. I was wrong and i have cut my loss. Nothing wrong with that i have played by the rules. Stock already had 4 up-days and now it is facing with multi-month resistance @ $7.00-$7.50 so i am not sure how far this can run. Short float is huge, more than 50% so it might still go higher. I think that when this runnup/squeeze will be over it will be a nice short so it is a potential short for me in the near future.
- EKSO, CELH, ARNI - All are OTC plays which i am watching. EKSO as a potential short, CELH as a potential dip buy (ideally in the low $2.00) but before i am going to dip-buy it needs to show me some signs of bottoming or ideally some new PR regarding the billionaries involved with this or maybe any new contract... and ARNI i am still waiting for a conference in the end of this month. At the moment ARNI is consolidatingslowly fading so i have no interest for trading it but i am still somehow optimistic that it can break above $1.00 if we get the right catalyst.
NEW STOCKS I AM WATCHING:
- GIGA - I am brining back to my watch since they have reported earnings yesterday AH and market reacted positivelly. Stock went all the way to $2.80 and i dip bought only 100 shares @ $2.56 out of boredom/adrenalin and also because i think that numbers are good, it is a low-float, former runner and probably there are also a lot of shorts in it. So all of this together makes me think that we might get a runner here. But because i know that this stock never held it`s gains and it was a speculative buy i only bought really small position. Let`s see what happens today. I am thinking that it will go higher and my goal is to sell above $3.00.
- BSQR - Recent earnings winner which had a nice gap-up/spike and now it is consolidating and holding it`s gains nicely. I am looking it as a potential buy if it will start to uptrend with enough volume. It has already run back in 2010 so that tells me that it has the ability to go higher. Float is also less than 10M so it can also moves fast which is proven by morning spike which has had on friday.
- CHOP - Is spiking yet again or i should say bouncing? Anyways i hope it can go even higher so it will make it a good potential short. I just hope IB will have some shares to short because it didn`t have any when CHOP had it`s firs run.
Wish you all a great trading day and stay safe!
Posted May 19, 15 5:27 AMbysvoboda
Received 1 Karma
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