Tuesday, January 17, 2012

Watchlist

RAYS - A several month old pump and dump that is perilously close to it's end. Volume is fading and it has shown over the past few days that it no longer has the strength for any significant bounces. Yesterday it finished in the red, which will hopefully be the final staw towards the morning panic and break of ~1 dollar support levels. Shares to short are tough to find though so check early and often. A recent seeking alpha article sheds some light on recent RAYS PR announcements.  Disclosure: I am short 1k from 1.05

BVSN - A lebed pump that has shown a surprising amount of strength thanks in part to recent buyins as I warned about yesterday. Be patient with this one but ultimately it will fall hard and thus has huge potential as a short. Much easier to borrow.

LSTN - A supposed 1.3m dollar pump that has not clearly started. Front-runners paniced today when the pump flopped. Worth keeping an eye on since it may still run.

STEV - Another successful pump that seems to still have some upside left in it before it takes a dive. Potential long for short term traders but it will make a better short. Shares don't seem to be available at the moment though so hopefully it can stay afloat until they turn up.

RIM.TO - Jumped on rumors of a buyout by Samsung. Samsung has since clarified that it has no such intention. Potential short or bounce play.

KUTV - Huge jump today on a PR release before the open that Ku6 Media had partnered with YouTube. The news strikes me as inconsequential in terms of helping the company which has poor fundamentals. I would watch this for a short after a morning spike.

AMBT - As far I can tell, this stock is up for no reason on unusual volume. Volume is still low so only worth watching for smaller accounts.

BLDR - Had a decent gain today, again for unclear reasons. At a glance the company has decent fundamentals so could go either way. The company has good revenue and their fairly large debt is from a loan they received about a month ago. Might be a decent buy if it continues looking bullish.

LWLG - Up a decent 16% today on a highly positive PR from the CEO. I'm not impressed at all considering they released a very similar PR over 4 years ago and they still have zero revenue. Company used to trade under Pink Sheets:PTHO according to their latest SEC filing during the time they released the PR. Doesn't look good to me. I would keep my eye out for short although at these levels the gains probably won't be worth it. I hope for some more spiking.

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