Tag: PROT

AAPL, PURE, RAD, DRWI & Extended Watchlist

Apple, Inc. AAPL
Apple fared quite well on Wednesday.  The $650 October 20th Calls we mentioned were as low as 7.70, and hit a high of 10.30, making 34% possible in just the first hour of trading.We will continue to monitor these calls heading into earnings, and we feel that there will be multiple opportunities to profit, just as we’ve seen over the past few days.
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Rite Aid Corp. RAD

Everyone should be familiar with a household name like Rite Aid. The stock has been on something of a downtrend for the past month, and seems to be ready to bounce off of oversold territory. A year ago this time, it was trading in the .90-range, and ran as high as 2.12 by mid-March. Now that RAD has returned to a support level, we want to put it on our watchlist, as a longer-term play to follow in the coming months.

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PURE Bioscience PURE

PURE has recently begun an uptrend off of its 52-wk low of .90, which it reached just under a month ago.  As you can see from the included chart, the stock had traded between the 2.00-4.00 range for the majority of this year. Now that we are starting to see a rebound on this stock, we have a positive outlook that the stock will recover and trend upward over the next couple of months.

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Dragonwave, Inc. DRWI

DRWI is another big board play that just hit it’s 2.05 52-wk low on October 1st. Over the past few months, the stock has struggled to get above its 50DMA, currently sitting at 2.33. Provided a break past the resistance at that  level, we could see a nice breakout. That is precisely the reason we are adding DRWI to the watchlist this morning.


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Extended Watchlist:
LNGT, PPHM, PROT, PEIX, BIOF

PROT, VRNG, APPL, RSH | Today’s Stocks

Proteonomix, Inc. PROT

PROT had a positive day on Monday, gaining 12.9% on the day, opening at the low of day at .62, and closing at the high of day at .70.

From July to September this stock made a drastic move from .40 all the way up to 2.95. Following that big run, we observed a sharp selloff, and a subsequent gap down. On October 1st the stock was at 1.60, and on the 2nd, it opened at .70. It then retraced to its original support level at .40.

We would now like to see PROT break past the .78-.88 range, because as you can see on the chart above, there is a large gap to fill on up to 1.40, so we really want to pay close attention moving forward so as not to miss that possibility.

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Vringo, Inc.  VRNG

VRNG is another well timed hot stock from our watchlist yesterday that is really performing nicely. Opening at 4.90, and hitting a high of 5.57, made possible gains of 14% during Monday’s session. The high of 5.57 also marks the stock’s 52-week high.

Volume and momentum has steadily been increasing over the past few sessions as the stock has begun to break out. While we enjoy playing a hot hand, it is always important to remember when it’s time to pull the rip-cord and protect our investing dollars. There is certainly always the chance that momentum will subside, and we just want to make sure to prepare our exit strategy in the event that the stock takes a turn for the worse.
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Apple, Inc. APPL

Apple has been undergoing a selloff, and we want to observe carefully for a turnaround. We will be looking to enter some Calls when that happens, as earnings are due later this month, and with this stock, there is always that tendency to run into earnings reports, especially with the new iPhone having just been released.

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RSH is hovering off of its 52-wk lows, a nice chance for a bottom play. We certainly need to keep an eye on Radio Shack.

LNGT, PROT, RFMK & Extended Watchlist

Laser Energetics, Inc. LNGT

LNGT had a decent end to the week last week, holding support off of .053, and running into some resistance at .06. On an ongoing basis we’d like to see the stock make higher highs and higher lows. As indicated in Friday’s video chart, if LNGT can break above resistance at .06 and .063, there’s chance we’ll see a run back to the .07-.08 range.

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Rapid Fire Marketing, Inc. RFMK

Speaking of stocks making higher highs and higher lows, RFMK has done that since we added it to our watchlist on Sept. 20th. Having been as low as .0021, and hit a high of .0041 this past Wednesday. Towards the end of the week, it consolidated on light volume, and found support in the mid-.003 range. Provided RFMK continues to hold support above the 200DMA of .003, we’ll remain bullish on this stock. We feel the chart is really setting up nicely, and will keep an eye on RFMK moving forward.

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Proteonomix, Inc. PROT

It appears as though PROT did some leveling off after a sharp selloff toward the beginning of last week. The stock has made some huge runs in the past, and now that we’ve observed it forming a new base here, it would be wise to keep an eye peeled for a possible upcoming bounce.

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Extended Watchlist:
EGCT, VRNG,