Good to be back again on my daily watch list. I know some of you are checking my blog daily for some random trading ideas….lol, but thanks for following. Here is my watch list for Monday:
Latitude Solutions Inc. (LATI.PK)
This is a promo speculation like RYUN. However, no evidences of any promotions have been found yet, no emails or hard mailers. Nothing can confirm that this is going to be promoting sometimes near future but I think the price is getting a little too high for promo campaign. So either they come up with promo soon or they have to pull in down to $1 range before they launch the campaign. I got in on Friday @$2.55 (very small position and not looking to add), and will try to ride this for a week.
Lithium Technology Corp. (LTHU.PK)
Up 46% on the day. Majority of the trades came from last hour of trading when form 8-K released that have Volkswagen and German government on this deal. Aagain, with low market cap and low float. Watch for another big green candle after PR comes out.
Level 3 Communications Inc. (LVLT)
4bill market cap. Not in my trading range but chart looks good. Could be a start of turning point here towards $2.50s. Will see if $2.30s hold on Monday, if so might be a good hold for a week.
Inventure Foods, Inc (SNAK)
Chart looks great! Good breakout on Friday. Chart looks like it is going into parabolic action soon but I don’t think it’s done for these reasons: 1. Just broke 52-week highs, 2. $4.7 held pretty strongly on Friday, 3. Release of financial result will be on Thursday, so this could run up into that. 4. CEO of the company, Terry McDaniel, will ring the Opening Bell on Monday so this will get company’s ticker symbol to the public and combine with bullish chart, I think many would be a buyer.
My plan on this one is to wait for morning run-up follows by profit taking. Wait for the trade to base and buy on perk off of support. PS. Still very illiquid but I will watch if volume comes in tomorrow.
Clean Diesel Technologies Inc. (CDTI)
Will be looking to short this in the morning. Also could be good for a bounce play from perking r/g and then a good short again on late day fade. Keep in mind that this is only $24mil market cap so this can either pop big or plug pull down to earth.
Looks like there is a good chance this could shoop down to $5.10s if $5.60s couldn’t hold tomorrow. But if it starts bouncing then we might see retest $6.30 again before gravity takes it down. Personally I think CDTI is almost done here since insiders dumped 260k shares that worth about $1.8mil on Thursday for some good profits. Also they probably have more shares to dump at this time and likely will be waiting to buy them back around $3s - $4s range before ripping it back up again in a month or so.
Fortune Oil & Gas, Inc. (FOGC.PK)
This is an active online promo which has been emailed to many of their lists on Sunday night. Compensation of $355k which means they have sooooo many shares to dump, but if you have quick fingers I think this could be a good flip first thing in the morning.
This is an active online promo which has been emailed to many of their lists on Sunday night. Compensation of $355k which means they have sooooo many shares to dump, but if you have quick fingers I think this could be a good flip first thing in the morning.
