Watchlist For October 9 – American Oil, Imaging3 Inc, Sequenom…
American Oil & Gas (AEZ) looks like a juicy short, up from 1.60 to 2.60 now. However no play until we can see green to red price action. Ideally short below 2.50 after green/red action
Cumulus Media Inc (CMLS) felt like losing steam yesterday as volume had clearly faded. Today it puts an impressive 13% rally, which provided earlier action was only a pause before big spike. No play for now, just watching whether it can break above 3.00
Gramercy Corp (GKK) makes third attempt towards 3.00, Can it break past it ? Watching for now, short on green/red price action cause 3.00 seems a tough climb.
Imaging3 Inc (IMGG) is up from 5 cents to 74 cents now. Wow big big pump. Today mid-afternoon it took a big dump only to climb back up. However they are diluting at 0.025 cents to raise capital. Huge huge discount. Potential short on red action.
MCG Capital (MCGC) up from 3.60 to 4.86 on an upgrade in a week. 5.00 seems to be one tough resistance zone. Watching for short entry if it cannot breach it tomorrow.
Spreadtrum Comm (SPRD) up from 3.20 to 5.50 recently. Had its first red day. Still down only 5 cents. Short only below today’s close at 5.34.
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 yesterday on the upside to close at 3.28. Today is played out sideways. Potential long trade on more green. Ideally break above 3.50.
Threshold Pharmaceutical (THLD) is on a slow steady uptrend since 1.50 to 2.42 close. It gapped up today morning but then started selling off. Still ended 6% up for the day. Is the rally over ? Hard to say. Will wait for break below 2.40 to short into. However hard to borrow stock
International Tower Hill (THM) is a gold play which has risen from 4.20 to 5.50 now. Time to take a breather ? Scalping short trade on weakness.
Venoco (VQ) was green in the morning, however broke below all key supports in the afternoon. The spiked back up and then down. Pretty choppy. However potential short below 13.50
Few other hard to borrow stocks I will be watching are
NXTH, CLWT, ENMD, TIV and TRET