Watchlist

RAYS - A multiple 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. Today it began breaking the key support level. Hoping for a good morning panic. 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. Be patient with this one but ultimately it will fall hard and thus has huge potential as a short. Today it showed some weakness and as a result shares became harder to find for shorting.

STEV - Another successful pump that started on it's way down today. Couldn't find shares to short though. Still looks like about a dollar of downside but it might take a week or two to come down to pre-pump levels.

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.

LWLG - Up a decent 16% again 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. See yesterday's watchlist for details. Doesn't look good to me. I would keep my eye out for a short. Still hope for more spiking but the downside is looking better if people start realizing revenue is still not coming anytime soon.

STP - Solar play being driven by the upside in the sector. According to the Motley Fool,

Following up yesterday's rally, today's move is partially being driven by comments from German Environment Minister Norbert Roettgen, who said the German market is almost expanding too quickly. Roettgen even went as far as to say that the market may need to be restricted in order to maintain sustainable growth.

Potential buy since it's hovering around breakout levels with no significant resistance for another dollar of upside. If you think the sector is looking too good to be true though, it's usually best to short the worst performing stock of the sector, not the best.