Good morning everyone,
Just finished looking at my charts and here are a few thoughts on the Co.'s I've mentioned in the past week. Plus I have a few new ones for nimble traders:
REDB - The stock is filling a gap on the chart from its most recent upmove but the trend is clearly up.
POSO - The price jumped $.31 from last week on almost 4x volume looking for higher prices
VISG - The stock more than doubled in past week and is filling the gap on the chart from its recent assault up. IMHO still going higher.
PRZM - This stock is in the middle of a merger deal. Price couldn't break 2.31 but still finished higher on the week on heavier volume. I'm watching it closely here for a quick turnaround and a break at this level.
ACLR - Watching the trend develop very carefully after breaking below .87. Has turned around in past two days
LCAV, SCLN, DIGL are all buys at this level
Here are two to watch for next week. IMO they both look like they're ready to explode but because of their price and history there's greater risk involved in the trades
BONS - This co. went public 2/98 around $7.0. The stock has pretty much gone down the whole year. Insiders have purchased over 900,000 shares ranging from $1.6-7.0. CURRENT PRICE .43! Latest quarterly results: Six months revenue jumped to $67,000,000 from $29,000,000. but shares were also diluted jumping from 6,000,000 to 17,000,000. Things to worry about: delisting, reverse split.
CNSI - Price closed at the end of the week at its high (.78) on much higher volume. The co. is in talks with NASDAQ to keep their listing so there is some danger. However its at a breakout point on its chart and its acting like it wants to. Purely a technical trade.
Just a few things to chew on over the weekend. Have a good one.
StockOperator |
