Watchlist for Monday March 2rd 2015

Today’s Watchlist

First watchlist in a while after a couple of weeks of blog inactivity due to life events. Last week was an eventful one in the penny stocking world, both on the long and short sides. I took some small losses in shorting $GENE due to bad timing for the most part and covered rather quickly in order to limit them.

In any case, here is my watchlist for today.

Potential Shorts

$GENE ATR Risk/Reward Rating Goal Bias
1.6157 1:2.3 ★★ $0.3-0.5/sh Short
Notes
 $GENE has been an irregular stock for weeks now both on the long and the short sides. The price has been downtrending and is expected to fall down even further.
Concerns
 Very irregular stock, lots of traders getting burned everyday because of bad timing and choppy behavior
$CYTX ATR Risk/Reward Rating Goal Bias
 0.125  1:2.2 ★★ $0.3/sh Short
Notes
 This stock has been overextended for the last couple of days, way off its lows without any major catalyst, making it a good candidate for a short.
Concerns
 The price may spike some more even though the stock had its first red day on Friday
$CYCC ATR Risk/Reward Rating Goal Bias
 $0.1929  1:3.3 ★★ $0.3-0.5/sh  Short
Notes
 Similar to $CYTX, makes it a potential short considering the overextension of the price without any notable catalyst to push it up.
Concerns
 Just like $CYTX, the price may spike some more before it drops
$ARQL ATR Risk/Reward Rating Goal Bias
0.1357  1:4 ★★ $0.3-0.4/sh  Short
Notes
 Price for this stock has been overexetended in comparison to its 6 month chart with no particular catalyst to push it up, which could mean a drop in price. First red day on Firday.
Concerns
May spike some more before it drops down.

Potential Buys

$UNXL ATR Risk/Reward Rating Goal Bias
 0.3971  1:4 ★★★ $0.4-0.75/sh Long
Notes
 Earnings winner on Friday, spiked from $5.50 to a high of $7.08 closing at $6.83. This can probably spike some more today, and possibly also be a dip buy.
Concerns
 Earning winners have failed to continue on their momentum, bearish market.
$SSE ATR Risk/Reward Rating Goal Bias
 0.4693 1:4 ★★ $0.3-0.4/sh Long
Notes
 Earnings call today, potential buy if price action is there to show that it is worth buying.
Concerns
 Not a confirmed earnings winner, just watching as a potential buy if announcement proves worthy and price action shows for it
$STNG ATR Risk/Reward Rating Goal Bias
 0.2514  1:2 ★★ $0.3-0.4/sh  Long
Notes
 Uptrending stock over the last few days with earnings call today. This is a potential buy depending on price action and volume.
Concerns
 Not confirm earnings winner, but given the price action over the last couple of days, price may spike when announced.

Compressed List

$GENE $CYTX $CYCC $ARQL $UNXL $SSE $STNG

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