Watchlist for 1/4/13

MWIP - Up well over 400% since initial alert and up 100% since most recent alert. We have been all over this MWIP move. Today it closed near  the HOD giving us the highest $ volume ever. This one has all sorts of momo on it. Must hold support is .0245ish and our target for tomorrow is .032

FARE - Another big move off last nights watchlist today again closing at the HOD and giving us another setup for a good friday move. No chartable resistance, just mental points like .25c .275. and .30c

MJNA - looking for a .12c breakout tomorrow, could be a good daytrade here to .14ish target. This stock is always looking for an excuse to run…

CBAI - Still on watch for a .0055 breakout. Not playing it until we see .0055 break, but the flag formation is still there and the pullbacks have been on light volume. keep on radar

BORK - Not really sure why its getting this big volume out of the blue but it is putting it higher highs and higher lows and doesnt have much resistance til around .043….

OPTIONS/LOTTOS

NFLX - I will be watching for a gap down to play some calls. In particular the 97.50 calls . If NFLX gaps down I should be able to pick up those calls for .40c and if NFLX does a r/g move I expect to see those calls go ITM and pop back to .80c . So buy long a gap down, and then set 30min timeframe for a r/g move.

BAC - The XLF is still very strong and I think on the verge of breaking above  key resistance at 17.20.  I wanna position myself in some BAC calls in anticpation of the XLF breakout.  The Feb 1st 12 strike calls are only .43c and BAC is acting strong and looking like it could pop to 14 in coming weeks. This is a great lotto play because you have time on your side and your only risking .43c

PCLN - Why is this name up so much so fast? A 10% move in 3 days with major gaps to fill.  Would looks to play some puts here, maybe with next week expiry for some back end filling next week.The 630 strike looks good.

 

 

 

Remember this is just a watchlist and do not guarantee to be profitable trades. Use your own judgment when making the trade.

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2 comments on “Watchlist for 1/4/13

  1. dorahc on said:

    I think $NFLX has been having trouble breaking the high 97′s may look to short on next test also a good short entry if breaks below 95.50 imo…would you agree?

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