So, while the market is giving some great opportunity back in cheapy-land I wanted to start doing some scans in that area and give my gameplan for how to trade them and the ones that I am watching for. As many of you know I do like to trade the lower priced stocks, but with this you need to be very careful on your entries and your sizes. Many of these are not liquid especially at the start of the move and can be moved by 1 or 2 large size buys. I have been scaling in and out of some of these and starting to take positions again as well. Treat all of these with the same risk vs. reward profiles as you would anything else, but be aware they can get to those areas on very little volume. So, with that said, here are some of the stocks I will be keeping my eyes on this week.
MJNA – nearly ditched the remainder while on the course in the .055s but decided I would not trade regardless that day. Monday wake up to a nice move and decided to add into it around .067 area. Provided .06 continues to hold and momo continues in this area..this is one of my main watchers and traders…would love an .08 break in the coming days.
LINEQ and LNCOQ I was quite a bit if not the only volume on these in the AM, the ONLY and I mean the ONLY reason I was willing to do that was based on the insane BBEPQ move that has happened…just thinking at some point people will look for the other Q’s
SUNEQ – Still going to keep this on radar for move back thru .075 for possible re-long…may need 1 more day in this area.
GRCU – Have some since last monday, and nothing really yet with it, but I do have a feeling once the .02 breaks can really get some momentum…quite a bit of volume near the highs today. Just really like this daily chart, but in OTC land…that can mean very little
ERBB still have some from the .0006 and did add some in the .0013 – ONLY ONLY ONLY like it when and IF the .0015 breaks
GBSN – Watching and Monitoring this one each and everyday..once they run out of paper for at least 1 day or 2 it will eventually have a very very nice bounce and I want to be there for that. I mean, just look at that chart over 10 days…just wild!
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