Forget about my watchlists, there’s a new PennyStocker in town and his name is Tony Ellis…He’s a PennyStocking DVD student / grad student who never really traded much before this year, but is now up a sweet $55,000 in 2008 even while attending school! He’ll soon have his own column here, but today I’m reposting his watchlist…look at the guy go, charts and price points included, no frivolous commentary whatsoever, watch out Sykes!
Here are a few I’m watching nothing ideal just a few I may daytrade this week.
Disclosure: I have no position in any of the following stocks.
NGAS-Oil stock not far from its 52 wk high of 9.35. I’m a buyer on a break of this level with volume spike to go along. Only a day trade for me, too much news political risk with Oil right now to be long overnight.
SCU-Another Oil stock nearing another breakout. 1.58 is the 52 wk high but I’d enter above 1.50 since it has touched that level three times and the only candle above that level is the shadow and not real body. Day trade only.
TGC-same thing as SCU with a 1.51 buy point.
WEL-same thing as the others buy point at 2.50.
KOG-Sorry, I promise I don’t only trade Oil stocks. Their charts just look the best to me right now. Buy point on KOG is 4.17.
CPSL-Chinese Steel Company if you couldn’t tell by the name. Missed the perfect short opportunity after the first down day but it looks like I might get another opportunity. 5.08 is the low since the gap up a couple weeks ago. A drop below this level and a few stop losses at 5.00 this could be 4.50 within minutes. I looking to short a drop below 5.08 and only a day trade.
I came across this company over the weekend while scanning for potential plays. CTT-Competitive Technologies, Inc., could be the world’s oldest pump and dump that is still trading. I have to admit that I haven’t researched this other than reading a few press releases on Yahoo Finance but I have a feeling they have discovered a new revolutionary technology every three to five years since 1974 only to have it not work out. Hopefully we can get one more pump to short into. I guess the saying Wall Street never changes is true. This time the stock didn’t change just new suckers. Let’s have a contest to see who can find an older one.
Posted in Guest Posts, Hot Stocks, Potential Plays, Story Stocks