Great day in chat today. Congrats to those who took the trade on LOCM from $3.33 and COOL from $3.10 alert. I nailed the move on previous day scan on ALAN, EYSL, and BORN. Now I will be watching for more long ideas rather than short because market is moving up and shorts are getting squeeze. Also I will try to narrow down my watch list to around 3 -5 stocks instead of 10. I think I have too many stocks on watch, which causes me of missing major movers. Please be aware that Jason is not going to be in chat on Friday, because it is his wedding anniversary… congrats @Jason! So here is my watch list for the 8th of July:
Easylink Solutions C (ESYL.PK)
This one is also on Nate’s scan and he mentioned that this might have big “PLUG PULL” like in the past. However, I think that this is good risk/reward trade here. Support is at around $1.51 and no real resistance until $1.93. I think this will probably have another multiday run pass that resistance before big pull. If support break at $1.51, then I wouldn’t touch it.
FiberTower Corporation (FTWR)
Breakout through multiday resistance @$1.40 then ripped +14 cents into close. Short probably get squeeze and running for the door. Very bullish pattern into close + volume surge make this a good buy.
FSI International, Inc. (FSII)
Running up on good news and now found a new support at $3.13. Chart is not even close to overbought yet, so I believe that this can fill up that gap to $3.40. If pull back in the morning, watch it consolidates around $3.05-$3.10 rage, gearing/perking through r/g then pop.
NYXIO Tech Corp (NYXOD)
Still inching everyday on low $vol. I am not in, but might consider snagging some shares on the bid tomorrow.
ZAGG Incorporated (ZAGG)
Only potential short for my watch list here base on CitronResearch. You have to respect on what Left had to say after all his expose on tons of sketchy companies.
Promo stocks on watch (more in chat):
1. POTG – compensation: $10,000 CAD.
2. INO
3. GBE
4. PMI
5. ADHC – compensation: $16,000.
6. CLNO – compensation: 5 million shares of 14 restricted stocks.
7. GGRI – compensation: $1 million dollars.
Also I will be requesting some shares to short some of the stock listed below:
1. RENN - (Got burnt on shorting this one many times, will see if I can beat it eventually!)
2. BORN – As my price target for this stock is around $9s but will be looking to short on parabolic action.
3. JVA – Has been running for a while but I think this still got more legs on it before I can short.
4. REDF – Didn’t have share to short today. Will be looking on g/r price action.
