Monday, June 11, 2012

Watch list for Tuesday 12th of June, 2012



Great Wall Builders Ltd. (GWBU.OB)
They did drop big news as expected over the weekend (price target $15). However, they didn’t mean to squeeze people but used the news to sell more paper into. For now, morning panic has been a good scalp. If this still holds $1.40 area they might pull big squeeze out of those early shorts.


Flotek Industries Inc. (FTK)
Gapped up with the market then tanked with the market! Please remember that most of stocks on my watch list have beta of 1 or more, which means they will move equal or faster when the market moves. However, this one is still on my radar for bottom bouncer.


Radian Group, Inc. (RDN)
Now 50MA really touches 200MA. Break up or down from here.


Star Scientific, Inc (CIGX)
Nice chart. Higher lows and higher highs. Now is a matter of time when it is going to breakout over $4.20.


Exide Technologies (XIDE)
Some sign of weakness in the morning but gearing up nicely throughout the day. Yes, daily chart showed some sign of weaknesses and might be a reversal/fade back to $2.40s area but over/under $2.80 should be a good day trade.


NeoStem, Inc (NBS)
Nice volume today. Probably up because of Seeking Alpha article but I like it here. Closed near HOD and looking for breaking over the gap. Getting into oversold area but we knew that stocks could be in oversold area for a while before heading back down.