23 May

Watch List For Monday May 23, 2011


PVSP is a stock I grabbed a small position of Friday at the close (see the LIVE Updates for details about it). If it looks like I can grab some profit real quick I may add to my position before selling but let me warn you, I’d expect this to be a very quick momentum based trade only.

ELTP was a 20% winner for us Friday from $.17 – $.20 in just a matter of hours. It closed strong at $.1915 with a lot of message board hype surrounding it so we’ll see if it can continue the run. Possibly trade for an additional 10% this morning.

PSUN never made it over $4.00 so despite the run up you can now see why it’s important to watch major resistance points unless you enter before the run up. With earnings tomorrow and the decline in price it’s obvious the sellers outweigh the buyers here. I’ll watch the earnings report and look for a momentum trade. Remember, I don’t marry these stocks, just play the stock price, that’s all.

TBBC was a trade for us at $1.22 and I’m still waiting for the momentum to pick up before giving it a second chance. Obviously every newsletter has now picked up what I knew first back in the $1.22 range. Heck, we were on this even before prepromo which is not easy to do. Just the same, I sold for a nice profit and as the rumors of a big mailer draw near, I’ll look to grab another 10% at some point.

HDY has reloaded so let’s look to score on this one again. We locked in a nice trade on HDY last week when I alerted the news right at $3.28 but of course I sold for profit at $3.46 lol — oh well right. Anyway, look at how the candle has engulfed the previous pullback. Always a good sign of strength and more to come so keep it on your radar today.


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