This was sent to TIMalert subscribers around midnight today…yup, my peeps were prepared:
Last week was pretty boring in terms of big runups to buy and short sell
into, but this week is gonna get off to a rocking start with the late
Friday news that Obama will allow stem cell research this week
STEM surged from $1.40 to $2.30 late Friday on over a million shares traded,
a gain of 67%…not sure how far these things can go, might actually be
multi-day runners, I’ll say stem cell stocks are either potential buys or
short sells, depending on the price action.
GERN rose 40% afterhours Friday from $3.90 to $5.40…again, potential buy or
short
ASTM is the last stem cell stock I’m watching, up from 30 cents to 60 cents
afterhours Friday…these guys could really run on this news, or they could
literally just be a quick spike and fade…we’ll see
PXCE has now tripled from $3 to $9 since the beginning of February, it’s a
typically sketchy OTCBB play, wish it were more liquid as this is no
different than PROT…potential short
WMG is unfortunately a real company, no hype or manipulation here, sadly,
but it just had its first up day off its $1.50ish lows…only a 25% move so
far, potential short if it can run a bit more more first so as to give us
some solid
GOE was the stock I featured on my blog over the weekend due to its
amazing chart…i$10 to $90 since mid-February…it’s a definite potential
short, try to reserve shares each and every day, but I’d love further
strength before I actually short as we need to remember how illiquid this
stock is and how margin calls work. It might sound crazy, but it was a great
breakout buy just above $50.
CHTL is another sketchy OTCBB stock on its first big up day—50 cents to 80
cents/share, potential short into further strength.
ANN reported nasty earnings Friday morning and broke below 4.5 months of
sideways price action, dropping 40%…support used to be the mid-$4s, but
now here in the mid-$3s, I’m not sure how great a short it is, not really as
indebted/failing as MIC, which had a similar earnings breakdown.
FLWS is a classic failing company, look at its longterm chart…now its risen
from 85 cents to $1.40 in 4 days, just dip buying
Tags: Potential Plays
