Recap: Wednesday’s Stocks in Play
Wednesday, July 2nd, 2008Please sign up for these nightly alerts of trade ideas for the following day! Sign up HERE to receive these blog’s once a night via e-mail and never miss a potential move again!
SQNM another great trade today, tomorrow looks to test $18. This has been very bullish all day. Looking for another full day of volatility tomorrow. ROYL lots and lots of volatility stemming from the movements in (MXC) (PDO) (FPP) etc.
SQNM I’ve been trading a lot the past few weeks along with ROYL due to its tendency to swing between .25-.50 cents numerous times per day. BUT, the past few days here its been tightening up and not providing as many opportunities. I’ve got it on radar now because soon some volatility will come in, either a squeeze towards $18 or it will top off - as shown below on the ROYL chart - as ROYL did today. So worth having up on your screen for the flippers.
EGI from yesterday looking for the crap, sure enough back under $2.00 it went, down nearly 15% today.
From Scan HERE. EGI perfect breakout over $2.00 after the $1.80 break. Great .40 cents profit, watching for a gap and crap tomorrow
COIN - looking for the short today and got at 16% correction! From last night: HERE.
COIN Converted Organics Inc - let it run out of open, after a potential gap then I’m monitoring for the short. It has room to run towards $8.
Take a look at the chart, gap and run out of open to $3.77 hitting a low of day of $2.58 which is exactly why we let it squeeze out of open, show the weakness and join on the reverse side. Nearly a dollar per share in profit (since I wouldn’t expect anyone to nail exact top and exact bottom) but you never know! Below is from last night HERE.
TGC Tengasco Inc nice move today, the $2.70 break sent it soaring towards $3. Tomorrow may bring a gap and run at which point I’m looking for the short back under $3. No reason to fight the trend, I’ll wait for it to top. Today’s move good for $.30 cents so far from the $2.70 break.
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