Long Plays
New Media Investment Group Inc. (NEWM)
Another Earnings Winner Here & Chart Breakout.
This looks like it always has a weak open and then the dips get bought up.. So, Wait for this to but in a bottom and then a higher low, it is questionable to how far this stock could run, but it has a very good chance of having that weak open and get bought up..
Barnes & Noble, Inc. (BKS)
I'm looking for another weak open on this stock. It has broken out on the daily chart but most of the gains were in the first half an hour, it had an ABCD setup during the day, but this happened between 12&1pm. So like most possible midday breakouts, it failed. But that's not to say you couldn't have profited 30c with a downside of 10c.. My worry would be if for some magical reason it had a flash crash. I know I'd be panicking. What are the odds of that though?? It doesn't have any resistance between $25 and $26 on the intraday chart. The news on it is that BKS are taking college books out their Retail Chain and Nook (which seems to be their eBook store online...) and creating spin-off business for college. I'm could go looking through financials and try to see how much college books are making them and try to determine whether this will make a difference to whether they were selling them in their retail stores, and how much shelf space college books were taking up, and what they will put their instead, and will that increase their profits. Blah Blah Blah, it would be fun but I'm tired and all that matters is price action, and it seems investors decided this was good enough to break out immediately in the morning until the stock was up $1.50 from its previous close.. The Stock was trending up with higher lows on the Daily Chart but you could question how many shorts were in the stock and bought to cover squeezing the price?? It can all be questioned but,
A Weak open, maybe even a wash down to $25, but wait for a higher low to be put in so that the risk can be defined. Goal can be to go R/G and pop over $26, but remember Nail It and Bail It.
Cyclacel Pharmaceuticals, Inc. (CYCC)
Looking for a Weak Open on this stock, would like it to show some support at $1, not sure if that's too tight to give me a higher low to determine my risk correctly. Then Possible R/G and continue toward $1.50 or even $2.
On the other hand this could Gap up and spike, risk would be based off whole and half dollar marks, $1.50 over and under would probably be the risk.
If it does spike and hold, I would think that it would most definitely be a short on Monday, but we'd still wait for price action to tell us that.
Volume picked up today midday when it broke the previous high on the Daily Chart of 95c, spiked it straight up to $1.16/$1.18.. and hung around in the range of $1.01 and $1.15 for the rest of the day. It's all price action with this and the rest of these p.o.s. pharma's... There's no news, only hype.
KaloBios Pharmaceuticals, Inc. (KBIO)
This is a low priced stock, It doesn't provide the cleanest of intraday patterns, but could very easily run to $1+ tomorrow if it gets going.. The breakout would be 54c, might have little hump in the 62c area but I don't think that would be much of a problem if it got going. Hot Sector, Had massive volume (so people are watching) and a daily chart pattern.. Best thing is to forget the intraday chart in my opinion.. If it was to crash (for whatever reason), there is support in the 42c area. So 40c upside, 10-15-20c worst case downside, Stop would really be the day lows or some sort of bearish sign, so Risk Reward isn't that bad.
(I don't know if the stocks below here are worth me watching)
AMAG Pharmaceuticals, Inc. (AMAG)
Public Offering of 3,977,272 shares of Common Stock at a price of $44 per share.
Won't do anything with this but I was Looking for a weak open down to the $47.50-$48.50 area. Then I need an ABCD pattern before I'd buy it. But with the knowledge of it having an offering maybe, this is a short??? Financing's aren't bad and the offering price was 3% off yesterday's closing price, so it wasn't extremely discounted. Does that say people want to own share in AMAG?
We'll see sure.
Closed kind of strong yesterday near its high so it could just keep going from the gate anyway.
Amyris, Inc. (AMRS)
Thinking this will Gap up around $3, wash back back to today's high at $2.87, and then Spike up towards $3.50.. This bio Stock is up 45% over the last 2 days on Earnings. They also entered into an "Common Share Purchase Agreement" 2 days ago which they released with the Earnings but down in the Press Release Section of Yahoo Finance. By right this should be factored in by people while they bought for Earnings, but you never know..I don't know too much about financing's yet but the way it looks is, AMRS can raise up to 3.25M whenever they need it, but they're also selling at a discount and this can dilute shares at some stage. I'll see what it does, I wouldn't Short it because it's an Earnings winner, but I wouldn't know if I should buy it because it's doing a financing. Obviously I'm not investing in it but I'd like higher odds until I really know what I'm doing.
ON Semiconductor Corp. (ONNN)
Announce they had a successful product demonstration. And the stock reacted. It's in Breakout territory now. But if you look at the candle of its last breakout, they're very similar.. And it didn't really didn't give any good trade opportunities.. Wouldn't be mad about this one now..
Possible play though: Weak open, higher low, R/G.
EPAM Systems, Inc. (EPAM)
Earnings winner here, slightly scary range on this, really have to judge your sell signal off the previous low and risk off previous supports that just about line up with whole or half dollar marks.
Plan is for a weak open down to the $60 area, a higher low to determine your risk and anticipation of a R/G move and continue towards $65.
Again, On the other hand, if this was to gap up a dollar, or two, or three.. and then spike quickly, risk would be based off the $70 area for $1-$3 of a pullback. Not going to play this pattern though..
Monster Worldwide, Inc. (MWW)
Don't know what kind of supposedly meaningful news they have put the stock price has move up and is now sitting above $6.50..
Play here would be a weak open, give an ABCD pattern towards the $6.50 and R/G line, then break that previous top out at $6.64 and continue towards $7.
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