Revert to stocks with fundamentals
The rally on the stocks below $3.00 by MM’s are over after the released of FDA approval leaving the traders disappointed seeing in disbelief of a sudden sell of by MMs.
It is time for us to look for beaten down stocks above $5.00 and with promising future growth.
Currently, there are 3 stocks put on my radar screen that I believe the share price will turn around on the upside within 2 weeks and thereafter. One of them is CVTX (refer to Video column on top of this blog) and the other 2, PMTI and DYN.
Do your own DD, go to Finance Yahoo and Motley Fool, check the company’s financial statement and business forecast for on coming months and years, and their competitors.
We can trade in small quantity, 100 to 300 shares or more. The trading pattern, range from 0.50 cents to $2.00 and above. The advantage of gains for stocks above $5.00 is greater than stocks below $5.00. There are more coverage for stocks above $5.00 by Top Rank Analysts and buying interests by Institutional Investors.
Stocks below $5.00 mostly played by small time Money Managers and traders and become the target of “Paid Basher”.
My performances on stocks picking above $5.00 to $50.00 are far better than stocks below $5.00. On the average, 8 winners out of 10 picks.
CVTX - Buy on pull back 8.60 to 8.80 before the break out.
DYN – Buy on pull back below 9.90
PMTI – Buy on pull back below 40.50
StockCharts.com server is down, no stock charts attached.
Other stocks on my radar screen
MAS, NVDA, NSTK, AMD, DNDN, FMD, ERTS and TZOO.
9 comments:
Morsid, Latest news
MGRM Upgrade
Monogram Biosciences "buy"
Thursday, April 26, 2007 7:36:06 AM ET
Lazard Capital Markets
NEW YORK, April 26 (newratings.com) - In a research note published yesterday, analyst Jeffrey Frelick of Lazard Capital reiterates his "buy" rating on Monogram Biosciences Inc (ticker: MGRM). The target price is set to $3.25.
MGRM- next support level at 1.80. Had to see the trend of reversal.
Tonight, I concentrate on the above 3 stocks, more promising
FYI,I will not play MGRM
PMTI is a good stock with lots of cash Covered by many Top Analysts
Closely followed by Institutional investors
PMTI- look like reversal trend but expensive to me.
You can try 100 shares, it is 5 stars pick at Motley Fool, expect to stay above EMA 200 tonight. I want to go in before the break out
ONSM down tonight, support at 2.35 to 2.40. That is my buy price.
Bought DYN 600 @9.95
I'm waiting PMTI to re-visit 40.80 again
Need patient to buy at the price you want
morsid, if you observed carefully, when Nasdaq UP, most of the stocks above $5.00 dollars UP, but stocks below $5.00 down.
Compx now 2552 UP from 235 +
DNDN down now to 16.25
Good price to go in 15.00 to 15.20
May be tomorrow can go in again
So, this type of stock is good for trading.
For stock below $5.00, sometimes it take 2 to 3 weeks for you play
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