Today’s stocks come from my $.50-$1.00 watch list.
CEMI or Chembio Diagnostics, Inc. develops, manufactures, licenses and markets proprietary rapid diagnostic tests in the growing $7 billion point-of-care testing market. They reported record annual and quarterly results back in March, so now that Wall Street is waking up to them, evident by volume increasing, I’ll be looking for a position around $.50 cents if it pulls back with a short term target of $1.00. This is real company with real potential.
LQMT is moving up my $.50-$1.00 watch list as it continues to accumulate off the recent $.511 support. I know I talk about this one all the time but you need to understand when liquidity comes back in this is a buy for me because it has the potential to be a real big payday. Just not ready yet but I am watching close for signs that someone knows something is coming and the place to look for that is in the volume. Barring any bad news and a major sell off, $.50 is starting to look like real good support. Hard to say how far off it is on entry, but I’ll keep you updated. Ideal entry would be $.55 with a short term goal of $.80.
I continue to watch CFW here at $.50 because they have the potential to cash in big on their oil and natural gas assets. Like many small companies, they have their fair share of problems but the direction oil is going could fix a lot of that in the short term. I’m looking for entry around $.40-$.45 with a short term goal of $.60 or more depending on how things shape up as the time draws near.