Extended-Term Bottom Watchlist
The new year has been off to an uncharacteristically sluggish start for stocks due to worries over China’s struggling economy and the global ripple effect it figures to have, as well as a sharp drop in oil prices. An environment such as this doesn’t discourage us as much as change the types of opportunities we’re after. Troublesome times lead to cheap shares and along those lines, we’ve had a handful of stocks jump out at us as potential bottom-plays.
We’re going to have each of the following on our radars in the days and weeks ahead:
Cesca Therapeutics, Inc. KOOL
Max Sound Corp. MAXD
Generex Boitech, Inc. GNBT
MoneyGram International, Inc. MGI
As we stated above, the general sentiment of the market is bearish at the moment, so we will need to allow each of these room to set new lows before they begin to rebound, but in each case, potential gains on eventual recoveries will be significant, so we’ll want to keep a close eye to make sure we’re hanging around when the fun begins.
Trans-Pacific Aerospace Co., Inc. TPAC
We’ve been following TPAC regularly since the second week in December, sending out reminders of our interest in our reports last Thursday and Monday mornings as well. The stock has essentially been in a consistent uptrend the entire time.
This week alone, TPAC has surged 123% from a low of .0031 to yesterday’s high of .0069. The overall swing we’ve witnessed since our initial alert less than a month ago, is a far more impressive jump of 1050% (.0006-.0069). For our feelings on TPAC to remain bullish from this point forward, we’ll need to see the stock maintain support at or above .005 on any pullbacks.
Constellation Brands, Inc. STZ – Options Idea
STZ appears to be bucking the trend in the midst of a languorous market. While many, if not most stocks are gapping down, we want to pay close attention to STZ as it is currently showing strength.
We’ll put a range of options calls on watch for possible swing-trade chances today and in sessions to come, namely STZ 01/15 $135-150 Calls.
EMBR, COLV, PFSD, WRFX