Watchlist for 2/6/13

ERBB - Great move today straight off watchlist last night. Closing above resitance today and looking for a sub-penny to penny move this week. Massive volume today over 180mill traded today. Support zone is .0055-0058

CERP - BOOM another huge winner off our watchlist today as CERP closed the day very strong at .042. Tomorrow we need to break .0449 resistance and then I think that .09c is very likely target.

BMSN - Alerted this one this AM on twitter right before it broke above .0045 (resistance). Closing above .005 is important today because thats been resistance for the last 150 or so day. Next resistance to watch is around .007.

VDSC - still trading in that upper box there and slightly trending higher. Im waiting for a .009 break here before i consider playing it again

Sub pennies got lots of action today . Others to watch RFMK NEOM SNDY ENTB COIN

OPTIONS

C - long swing trade idea here for next weeks 44 strike options currently trading for .24c.   C has been a strong mover ever since that June 4th low and has been testing this 43 resistance level for a few weeks now but with the 8 and 21 moving average both holding the stock up I think that we are going to break 43 with strength sometime soon. Im swinging calls into next week expecting them to go ITM. Using 42 as stop loss.

LNKD - Pretty decent long setup here. Holding onto its gains since the Nov 16th low and flagging here in the all-time highs range. Lookin for a move back above 125.40 tomorrow to get back in some calls. I think 130 is in play for next week.

IBM - possible fill the gap in trade here. I tried this trade last week too and IBM gapped up and ruined the trade. but now its made a new low again and I think a test back under 200 is looking more obvious than before. my criteria for this trade is for IBM to break under todays low of 202.51 before I enter puts. Then need to see IBM stay pinned under 203.

 

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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