Watchlist – Joes Jeans, Krispy Kreme, Royale Energy As Potential Play
EnterCom (ETM) has rallied up from 5.00 to 9.00 and was at 2.00 back in July. That makes up 450%+ returns. Insane. Just watching for some reversal.
India Globalization Cap (IGC) faded all day to close at 2.11, finding support 2.00. Short on break below 2.00
LJ International (JADE) was up 29% yesterday. Today it spiked in the morning, but faded in the afternoon closing red. End of the pump ? Potential short on red.
Joes Jeans (JOEZ) up in after hours to 0.99 on news that their Q3 sales were up 16%. Long on break above 1.00.
Krispy Kreme Doughnuts Inc (KKD) spiked 2 days in a row from 3.50 to 4.75. Eventually it sold off in the afternoon closing at 4.35. It was up on no news. End of this fake pump ? Potential short on red.
Lee Enterprises (LEE) is a newspaper company up on bullish sector news. It closed above 4. The stock has been weak all morning but rallied into the close. Frustrating for day-traders. Just watching for clear weakness.
Ocean Power Technologies (OPTT) jumped back 24% on news with Lockheed. 8.75 has been a big resistance, can it break past it ? Just watching for now. Long on break above 8.75 or else scalping short.
Playboy Entertprises (PLA) up from 3.00 to 3.75 on no real news. Every runup has eventually died down to the same level prior to run up. I dont see any different behavior this time. Short on green/red action.
Royale Energy Inc (ROYL) surged 54% on new discovery of gas field. I expect a gap up tomorrow and possibly another spike. Short once the volume dies down. Just watching.
Smith & Wesson Corp (SWHC) broke past 5.00 resistance, which now becomes support. Potential long on continue strength above 5.00
