Monstrous Monday Stock Picks - 07/20/09

Sunday, July 19, 2009 Leave a Comment

I'm going to starting shortening this portion of the blog posts. I have always linked the chart, but I'm assuming you will use whatever software or online broker's charting ability for these picks.

AMNE - New lows are getting me a little alarmed. Not what I expected, but I do expect a spike any day. Chances are good that it will test .0035....Next supports are at .003 and .0023. I hope we don't have to go that low. I plan on doubling down if possible. Targeting .01-.02.
Good product too.

BBI - This is one stock that I easily believe will hit 1.00 soon. They are doing things to reinvent themselves, and I don't know about you, but every semi-large town has a store.

CHTRQ - This one popped up on my scans...I think it will pop soon. ADX has climbed rapidly fast. Maybe to .025.

CNB - As predicted, it spiked. Time to move on. (from .45 to .85)

CPRX- Monday should be good for this one. RSI just peaked it's head above 30, and looks like the PPO is getting ready to cross. Looks like there was a false crossover at the end of June. Support at .40, resistance at .60 and .63. Targeting

CRBC - This one too - As predicted, it spike, Time to move on. (from .50 to .75)

CYBL - Holding this one for awhile.

CTDB - Beautiful chart. ADX is ascending, and the PPO is ready to cross. Late day trading on Friday, the most in about 3 weeks.

FNM/FRE - Still hanging on. I thought it was going to rally, but it took a spin in the opposite direction. Let's hope for a short round of accumulation, and leveling this to where it really needs to be.

FRP - I look for this one to go at any time. Will probably hit around .50 before it heads up again.

GGC - I bought this on a whim, and broke a cardinal rule (do not buy in the first hour of trading). I will try to minimize my losses, but it does look like it will return to the .40s real soon.

GSIG - Pinching soon - probably Monday or Tuesday. Targeting 1.00.

HTDS - This stock tempts me more than any of them. Lots of momo, and has been able to sustain the .0010 mark. I expect this one to pop again any day. Stupid name of a company, but it does get the point across.

IDOI - I sold it off. I got tired of waiting...even though it still looks somewhat favorable, I don't like the momentum. It appears at first glance as though the PPO is ready to cross and it's getting ready for some red action. Let's hope for those that still have it that it will be a shortlived event.

LGTT - Yes I sold it. Will probably buy again, I just wanted to break even, and get in lower if it happens to go that way. I wasn't going to lose my opportunity on this one.

SPNG - Started rebounding last week, and I don't think it's done. I have more hope for this one than I do LGTT. Targeting .17-.28 short term.

STSI - Beautiful pincher pattern setting up. Don't forget about it. This week. Targeting 1.25-1.50.

WNBD - Rebounded beautifully, and it's not done, friends. Good product offering too. Targeting .08-.09.

More to watch: HSWI, BLGM, BCLE, LEAR, SGCP

7 comments »

  • Anonymous said:  

    Is BYOC on your radar? It's looking like a good pincher. The MACD isn't trending up yet though.

  • KC said:  

    It wasn't, but I like it. Will continue to watch it. Thanks for the heads up!!

  • Anonymous said:  

    No problem. I'm just getting into pinchers and I saw that you had some success. I had GSIG on my radar too. Just out of curiousity - when investing in pinchers, what's the highest pps you'll consider?

  • Anonymous said:  

    Shoot - I forgot to ask, did you sell XOMA?

  • KC said:  

    It's all about profit potential. I like to look at ones under $1-$3. After this range, it's hard to get more than 25% on a run. With pennies, this percentage is nothing.

  • KC said:  

    Yes, I sold. I could have held a little longer and not lost any, but I thought that the Ma50 and Ma200 would become supports. They now have become resistances, so I'm glad I sold. I learned a valuable lesson though - always wait when they are so close. You won't lose in the long term.

  • KC said:  

    Also, added GNBT to the list. Looking strong...may buy at lunchtime.

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