Watch list for Monday 7th of May

Market took a scuba diving on Friday and now is a good time to look for a bottom bouncer IF the market holds that 13,000 level. $SPY still in that range of 135 – 140 and now probably a reload time, consolidate/under accumulation next week and perk the week after. Talking pump and dumps, look at $SEFE chart now. That’s what happened IF you don’t respect your stop loss -.10/share could turn into -1/share loss in couple days!

Here is watch list for 5/7/12:

Lodgenet Interactive Corporation (LNET)

This one is on my radar for a week now and I’m still looking for the turn to come next week. I said on my last blog post that our ideal entry would be just above that $2 level but looks like it could come earlier. Sometimes we get a fake bounce and then the next washout is the best entry (sub $2) but if you don’t want to miss the turn then here is the idea: Watch for weak open on Monday then gearing r/g, accumulate half at around $2.25 then looking to add more over $2.30 area break. Stop would be just below Friday’s low $2.14. I would rather wait for next washout for a swing but this could be a good day-trade too.

USEC Inc. (USU)

I think this should be due for a spike this week. Watch for volume and some block trades. Some shorties need to cover down here because it’s not breaking down easily.

Neostem Inc. (NBS)

Inching up with increase in volume. Probably due for a 20%-30% day next week. 

Hansen Medical Inc. (HNSN)

Right around support level here. On watch for bottom bouncer.

Geron Corp. (GERN)

Back down to support level. Could be a no brainer buy on Monday for bid buy swing. The only concern is that it tapped 1.5 support 3 days in a roll but couldn’t breakdown, if it does breakdown then it’ll be an ugly one. Keep tight stop loss.