No positions right now, here’s a list of a whole bunch of potential PennyStocking plays (in order of how likely it is I’ll play ‘em)
SYNM—really likin’ how much this is up so quickly, of course earnings are part of it, ideally it breaks out of its multi-month cup and handle, resistance around $1.50, but with a strong pattern like this, it could squeeze more, c’mon you pumpers, get this thing to $2 and I’ll love ya!
WSCI—on watch for multi-month and multi-day cup and handle breakouts, breaks $12.15ish and you’ve got a new high over multiple timeframes, I liiiiike, just gotta be careful of fakeout breakouts
VISN—slow mover, breaking out nonetheless, glad I recommended it to the CBS crew as a “long-term investment” a few weeks ago.
CTDC—old school typical-Chinese-complete-piece-of-crap company spiker (not racist just realist) back in play, let’s see how far it goes before the inevitable dump
XIN—another Chinese spiker, last time it spiked it went horizontal for a month—and that was when the markets were all getting crushed—aka don’t be so quick to short cuz a fast reversal is unlikely
USU—coulda woulda shorted into that perfect afternoon fade, good news + wasn’t up enough for me though, gotta hafta needta just go for it when the stock tells you it’s up enuf…with 1-month price action like that, never underestimate how bitter shareholders are aka willing to sell into any bounce
QTWW—beautiful long-term cup and handle, lots o resistance though, but closer to buying it than shorting it
SIGA—only it’s first up day, c’mon 2-3 more!
NXTM—I like the continued strength, where it’ll stop nobody knows, out goes Y-O-U, you early short sellers that is
XIDE=CPST—two stocks making perfect and perfectly gradual breakouts, buying is good for “investors” and those with capital and guts, I’ll have nothing to do with that
COT=BPAX=PRTS—three POS stocks that after big runups, have all gone horizontal, now it’s either time to fade, plunge or spike, watch for small cracks—either up or down—accompanied by volume to determine whether you buy or short…volume’s so light right now, I’m avoiding all of ‘em