Watchlist for October 8 – Verichip, Cumulus, Gramercy…
Posted by Stock Online Trader in Watchlist on 10-07-2009
Verichip Corp (CHIP) was up on old news. Faded nicely all day from 2.90 to 2.40. Potential short on break below 2.40 support.
Cumulus Media Inc (CMLS) is losing steam now. Volume has clearly faded. Short on red price action.
Labopharm (DDSS) up 41% on positive news. Break above 2.00 might be good long entry, but it was up 41% today. Probably just watching since alot of bitter shareholders above 2.00 might not let it move further up.
Gramercy Corp (GKK) makes third attempt towards 3.00, Can it break past it ? Watching for now, short on green/red price action.
MCG Capital (MCGC) up from 3.60 to 4.72 on an upgrade in a week. Closed red for the day. Is the rally over ? Short on break below 4.60 support.
Mindspeed Technologies (MSPD) is scalping short trade on break below 3.30 support. Play small.
Spreadtrum Comm (SPRD) up from 3.20 to 5.45. Seems bit over-extended now. Waiting for green/red price action to short into.
Sequenom Inc (SQNM) got trashed from 6.00 to 3.00 few days earlier on bad news surrounding their drug and firing of their CEO. However it broke 3.00 today on the upside to close at 3.28. Potential long trade on more green. Ideally break above 3.50.
Tri Valley Corp (TIV) today tried to break above 3.00 but failed. Short scalp on red price action, ideally below 2.70.
Timberline Corp (TLR) is a gold stock up on generally gold rally. Spiked 55%. Too much too fast for such a small cap stock. Normally these moves end up in a drop eventually. Waiting for selloff.
Trans World Entertainment (TWMC) spiked up 40% on news that CEO bought bunch of shares. Always a positive sign. Closed above 1.30 resistance. This one has room to move to 2.00. Potential long.
Venoco (VQ) was green in the morning, however broke below all key supports in the afternoon. Potential short below 13.50
Thanks for the yahoo link!! Where’s your “buy me a beer” link!
Will be adding that soon
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