Sunday, June 3, 2012

Watch list for Monday 4th of June, 2012



CytRx Corp (CYTR)
People start to short this the pass week. Only play on this is a weak open and gearing up r/g. Probably fade back in the afternoon.


Netlist Inc (NLST)
Right at around 50% retracement area. I like it at this level.


Great Wall Builder Ltd (GWBU)
I said on Friday that I like $GWBU and it should be over $2 this week. Now it starts squeezing people since shares are available to short early on IB. This could easily acting like LEXG type squeeze.


New York Mortgage Trust Inc. (NYMT)
Holding above 200MA. I like it candle over candle tomorrow with stop below $6.50.


Nuveen Multi-Strategy Income and Growth Fund (JPC)
Only for a trade tomorrow. Open candle over candle for long. Target around $9 and stop just under the body of hammer. Or wait for a wash and grab some shares around the lows of lower wick.