Watchlist for 2/22/13

ERBB - Bounce watch here. This stock just fell from .0193 to .007 in 6 days and has closed red 5 days in a row. This is oversold and is right at support. Im thinking we catch a ONE day bounce back to .01c tomorrow. Needs to break todays high of .008 in first 60min to get the bounce .Key support at .006

SNDY - Slowly drifting up to penny land. The trend is your friend and SNDY has made higher lows and higher highs nearly every day since Feb 8th. Id keep long until that trend breaks. .01c target here

JALA - On watch again for potential promo tomorrow. Watch for premarket blocks to give it away.

USRC - Another one to watch for potential promo tomorrow. Watch for premarket blocks to give it away

CBMX - Huge move today much like how it did in December. Im looking for a very similar and simple trade setup tomorrow. A break above todays high of 7.64 should trigger another squeeze and a run to 9.5-10.00 depending on volume. Last time it broke previous high (im talking about 12/10/12) it was able to run another 48%.

MEIP - Former runner setting up good lower level bull flag here. Watching for a break above 6.94 (top of flag) to trigger the next run.

OPTIONS 

GOOG - I have been using the 8ma lately as my entry point for calls on GOOG and yesterday and today GOOG held right above the 8ma and appears to be wanting to make yet another move back over 800. Key support at 791ish (LOD and 8ma location) so if it gaps under that zone Ill be looking to buy. Failure to regain 791 in first 15min and Ill give up on trade. Otherwise I want to to play the 790 calls for tomorrow on a gap down and the 800 calls on a gap up.

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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