Hey hey!
Hope everyone had a nice day! I sat around for most of the day cause there was nothing I was really that excited about but I did take a few trades. I took NES from my list on the push through $4.00 but it couldn't get through $4.30 so I took it off at $4.15. Also I sold my NYMX from yesterday flat, took a small 5c loss on GBSN and longed some CNTF at $1.14 to see if it could break the 200dma. It didn't but it actually held up so I decided to hold overnight and will probably sell into a morning spike. Lastly I sold my MBLX swing for a small loss from $0.82 and swapped that money plus some more into 3200 CREG for a swing. Energy names seem to be heating up (harr harr, stock puns!) so I could see this and some other energy names (including NES) taking off soon. So basically it was just a small gain on NES today and everything else just kind of flat or cleaning up old positions, so not a huge day but green is green. I have some nice ones for tomorrow:
TCPI (long):
Nice daily flag developing and extremely low float stock with over 32% short interest. The huge drop back in February was due to the announcement of some claim against the company for "misconduct" by the CEO. Then on 4/15 they announced that the CEO will not be renewing his contract so he's gone in June...it seems like that news has provided some relief for investors even without knowing what the "misconduct" was or the validity of the claim. So that said, if this pushes over $4 it could really squeeze since it has such high short interest and less than 2m shares in the float. So I'll be looking for it to hold the $3.85ish support from today and will go long on any hint of strength that could send it through $4 and start a squeeze. Risk will be to under that $3.85 support with a target of $4.50+.
LPI (long):
A lot of energy names look great for tomorrow and XLE (energy ETF) is trying to break into a gap up to $85.00 so if XLE breaks out and runs then all these energy names will take off as well. I'd like to see a pullback to $15.20-$15.30 on LPI to get long with risk to around $15.00 and a target of $16-$16.30.
Per my usual plan I'm going to keep my focus list small and direct in order to keep strong conviction on the names I like. I'm also watching CREG to add more if it starts pushing and keeping an eye on my DCIX swing...if it doesn't bounce off $2.40 I will take it off. Here are my other ideas:
NES (long) - Watching for a continuation through $4.20 highs from today
CLNE (short) - Possible parabolic short if it can get to $10+ or set up a nice topping pattern intraday
CCIH (long) - Beautiful flag on the daily...watching for breakout
GBSN (long) - Tried this at $4.49 today but it couldn't get through $4.50. I could see it spike through $4.50 in the morning
LNCO (long) - Another energy name to watch for upward momentum if XLE takes off. Pattern is a bit sloppy so no specific plan yet
MCHX (long) - Breakout area over $4.68 (thanks Sandman!)
LODE (long) - Watching $0.83 for breakout
RMBS (long) - Flagging on the daily but might need a few more days. I'd like to see it coil up under $14.25 so it will be a little lower risk and not in such a wide range
IPCI (long) - Watching $3.15 for breakout. Thin stock so trade accordingly
That's it! Let me know if you have any questions
Chris
Submitted April 29, 2015 at 09:03PM by ghostofgbt http://ift.tt/1JayTHp
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