Okay. Last time that I wrote this blog was on August 28th! I have been in Florida for like almost 2 months without internet so I don’t really have time to go to StarBucks everyday and make a watch list for us. Now I am back and will try to make daily watch list again for our members but we all know that these are just ideas and calls will be made in chat by Jason Bond and Me.
Raystream Inc (RAYS.OB)
Has been on promo for 2 days and chart looks solid here. The only thing that gets people exited is they are the same group that did LEXG that went from $.50 to $10 so hopefully volume will be there for a while. If volume is fading but it holds support, that might be a good time to buy. From this 2-day chart and technical perspective, we are looking at break of $1.60 with increase in volume OR $1.50 support holds tomorrow for a long.
Ocean Power Technologies Inc. (OPTT)
Lebed pumps this last week and many people shorted this today with Tim Sykes. From technical analysis, yes every spike met with sellers and couldn’t go green on the day but if you look at the chart every red day has been corrected with green day. So at this point Sykes might nail morning panic tomorrow but if it holds $3.50 level then all of them might get squeeze. So, looking for bounce play tomorrow from morning panic or if it spikes then $3.55 should be good for quick long scalp.
Coffee Holding Co. Inc. (JVA)
I like the chart here and looks like it is going parabolic action soon. Tomorrow bias for both long and short: meaning, weak open for long r/g or parabolic action for short on morning spike. Long bias if spikes and breaks $13.15 with volume. Trade accordingly and more ideas in chat. Hopefully we see near $15 before this collapses.
Sprint Nextel Corp. (S)
Nice grind today all afternoon. Watch pull back tomorrow down to $2.32 then rip back r/g from the base and break previous HOD $2.41 and probably see $2.50s. If $2.35 breaks down in the morning I wouldn’t touch it.
Clean Diesel Technologies Inc. (CDTI)
Nate from InvestorsLive likes this chart for short tomorrow off AM squeeze. My thought on this is that now it is channeling $3.75 - $4.00. So as long as this doesn’t break $4 or couldn’t break $3.75 support then it’s a good short and long in that range. But my guess is (depending on the market) that it rips through $4 with volume then pull (trap more shorts), then probably rips again in the afternoon. So over/under $4 range but I think we see another rip tomorrow.
