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23 May

Watch List For Tuesday May 24, 2011

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When scanning for stocks, you’ll notice I circulate back through tickers we’ve won on before because it’s important to know your stocks well. This little tip will increase your odds of trading successfully more than anything else I can teach you. Over time you’ll get to know several hundred tickers below $5 really well which will allow you to spot trades much quicker.

NWBO looks like there is a good trading range between $.71 where it closed and $.80 if not the $1.00 range. I of course grabbed 10k shares at $.70 in chat right before the market closed because it broke the 200 Moving Average on the bid. The momentum is clearly building here so my hope is we’ll see a very large volume day tomorrow and another 10-20% move. Here is a video I did on NWBO heading into tomorrow. Stop loss will be around $.65 should have more support around $.60.

USAT is starting to look attractive again and no I have not been drinking. This stock has put a lot of green in PSL subscribers pockets and I’m looking to hit the ATM again. Support is clearly at $2.00 so barring any devastating news I’d say that’s the place to enter. I’m guessing the 20 and 50 MA’s just ahead won’t act as strong resistance if it starts to move so I’ll be looking for $.50 cents per share on this trade after I enter.

Also a former winner for us here at Live, ZLCS is starting to look technically sound. With support in the $2.20-$2.15 range I think we could see $.30 cents per share on this trade too before any sizable resistance.

MOBI fell again and while I can’t quite tell you when I’ll enter, it’s safe to say I’ll either be going long or short on MOBI soon so keep the chart ready. I’d think they’ll be buyers in the $8.75 range so that might be my entry. Typically I like to see 1 green day before entry, you’ll rarely see my try and guess the bottom.

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3 Comments

  1. Gary Hlavnicka

    Hi Jason, ya this morning I was just ready to leave for work and was trying to fix the text thing, someone at Trumpia read an old text and canceled me out so hopefuly it will be fixed soon. I really do miss the live chat trading with you guys, I can only check things at lunch time it sucks but it can’t be done with the work i do. talk to you soon your student

    Gary Hlavnicka
    P.S would be cool to chat on the phone soom time.

    Reply
    • kev

      I 100% agree on the phone chat!!

      Reply
    • Jason Bond

      Phone support would be an option down the road for sure, I’d just have to change up my subscription tiers and include it in a different package.

      Reply

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