Recap for Monday March 2nd 2015
Monday morning was an eventful day in the stock market, a couple of good missed opportunities such as $EYES, $BIOC (both took a big dip), $ZAGG and $ABTL both has a bit of run as earnings winners, $CYCC and CYTX displaying parabolic moves remaining on the green and $RESN starting to show signs of a bounce based on speculation.
I took a late day o/n position on $RESN based on a Tim alert and information that Seeking Alpha is coming out with a favorable article for it, hoping for a morning spike and make $0.5/share on it.
Today’s Watchlist
Potential Shorts
| $GENE | ATR | Risk/Reward | Support | Resistance | Rating | Goal | Bias |
| 1.615 | 1:2 | $10.54 | $11.17 | ★★ | $0.5-0.75/sh | Short | |
| Notes | |||||||
| This stock has been on my watchlist for a while now, with a major drop over the last 10 days. This stock is expected to continue falling either close or to its pre-run levels. | |||||||
| Concerns | |||||||
| Very irregular stock, lots of traders getting burned with choppy behavior, trade with caution. | |||||||
| $EYES | ATR | Risk/Reward | Support | Resistance | Rating | Goal | Bias |
| 1.5364 | 1:1.8 | $14.85 | $15.9 | ★★ | $0.5-0.75/sh | Short | |
| Notes | |||||||
| $EYES had a big drop yesterday following a spike that pushed it to the mid-$17 range, before it closed at $15.01. This stock will probably crash some more in the coming days. | |||||||
| Concerns | |||||||
| Lots of competition to get shares to short on this one. | |||||||
| $BIOC | ATR | Risk/Reward | Support | Resistance | Rating | Goal | Bias |
| 1.43 | 1:2.9 | $3.54 | $3.8 | ★★ | $0.3-0.5/sh | Short | |
| Notes | |||||||
| This biotech stock has displayed a parabolic price action type of behavior; it had a $1 drop before experiencing a rebound. This is a potential short as it will probably keep on dipping now that the biotech hype is calming down. | |||||||
| Concerns | |||||||
| This may spike some more before it drops, shares to short have been hard to obtain. | |||||||
| $DRAM | ATR | Risk/Reward | Support | Resistance | Rating | Goal | Bias |
| 0.2064 | 1:2 | 2.9 | 3.56 | ★ | $0.3-0.4/sh | Short | |
| Notes | |||||||
| This stock was up on news of acquisition of $100000 of shares at $2.00/share by its Interim CEO. Weak news, but enough to create a hype behind this stock which may be a potential short as it failed to follow through. The stock closed at $3.08, about $0.42 of its highs. | |||||||
| Concerns | |||||||
| Given the spike yesterday, this stock may run some more. | |||||||
| $HMNY | ATR | Risk/Reward | Support | Resistance | Rating | Goal | Bias |
| 0.5964 | 1:3.95 | 3.53 | 4.24, 5.23 | ★★ | $0.5-0.75/sh | Short | |
| Notes | |||||||
| Parabolic price action on this stock, making it a good candidate for shorting; price fell 3 days ago before experiencing a rebound. This stock will probably keep on dropping back to its base level in the coming days. | |||||||
| Concerns | |||||||
| Shares to short are hard to obtain, 2nd rebound day, which may indicate another spike/squeeze before it starts dropping. | |||||||
| $CYCC | ATR | Risk/Reward | Support | Resistance | Rating | Goal | Bias |
| 0.2229 | 1:3.6 | 1.58 | 1.76,1.97 | ★★★ | $0.3-0.4/sh | Short | |
| Notes | |||||||
| This stock has shown a parabolic behavior, making it a good candidate for shorting in the coming days. It still hasn’t had a red day, but will probably soon start to drop and revert back to its base level around $1. | |||||||
| Concerns | |||||||
| This stock may spike some more before it starts dropping. Potential squeeze for early shorts. | |||||||
| $ARQL | ATR | Risk/Reward | Support | Resistance | Rating | Goal | Bias |
| 0.1393 | 1:3 | 1.78 | 1.9 | ★★ | $0.3/sh | Short | |
| Notes | |||||||
| Parabolic price behavior, 2nd red day with small drop in price, with a potential bigger drop; price is up on earnings on the 25th from around $1.30. | |||||||
| Concerns | |||||||
| Price may bounce before it starts dropping again. | |||||||
Potential Buys
| $RESN | ATR | Risk/Reward | Support | Resistance | Rating | Goal | Bias |
| 1.9207 | 1:2.68 | 10.54 | 11.7 | ★★★ | $0.5-$1.00/sh | Long | |
| Notes | |||||||
| This is a very speculative stock on which I currently have a position. It is a potential buy as a dip buy based on the major drop 2 days ago from its $15 price point. Rumors of a favorable Seeking Alpha article coming out. | |||||||
| Concerns | |||||||
| This stock may continue dropping, small up action on the last 2 sessions. | |||||||
| $ABTL | ATR | Risk/Reward | Support | Resistance | Rating | Goal | Bias |
| 0.6064 | 1:2 | 13.28 | 13.87 | ★★ | $0.3/sh | Long | |
| Notes | |||||||
| ABTL is an earnings winner on 3rd green day, potential buy or dip buy at previous support level. | |||||||
| Concerns | |||||||
| Given that this represents the 3rd day up with slowly reducing day range, the stock may encounter a dip in the coming days. | |||||||
| $ZAGG | ATR | Risk/Reward | Support | Resistance | Rating | Goal | Bias |
| 0.4014 | 1:2 | 8.00 | 8.44 | ★★ | $0.3/sh | Long | |
| Notes | |||||||
| This is an earnings winner up $2.00, and is currently at its all time high. Given the the current price point, this will probably be a potential dip buy or if it continues with the hype could be a good morning spike. | |||||||
| Concerns | |||||||
| Given the price point at an all time high, the price may drop to a more familiar level. | |||||||
| $CHGG | ATR | Risk/Reward | Support | Resistance | Rating | Goal | Bias |
| 0.4371 | 1:2 | 7.9 | 8.27 | ★★ | $0.3/sh | Long | |
| Notes | |||||||
| This is another earnings winner up from the $6.50-$7.00 to the mid-$8s at its peak. It is currently on a period of bounce and may spike some more before it falls back down. | |||||||
| Concerns | |||||||
| Given that the bounce has been underwhelming, the stock price may just fall without a major move in price | |||||||
Compressed List
$GENE $EYES $BIOC $DRAM $HMNY $CYCC $ARQL $RESN $ABTL $ZAGG $CHGG