Tag: RFMK

BCAP, PURE, DRWI, CGUD & Extended Watchlist

Baron Capital Enterprise, Inc. BCAP

BCAP had a momentum-filled day yesterday, trading nearly 100M shares, over 4X its 3mo average volume. The stock managed to maintain a higher low of .0008, and hit a higher high at .0012, where it ran into resistance as we pointed out in yesterday’s afternoon alert.

This is the chart from that alert, identifying key resistance levels, at .0012 and .002. On the flipside, should we see a pullback, we would like to see support hold at .0007.

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PURE Bioscience PURE

PURE was a nice addition to yesterday’s watchlist, opening up at 1.30, and running to 1.60 in the first fifteen minutes of trading. We then saw a pullback to 1.42, before it bounced up to 1.68 by one o’clock. The low of day to the high of day marks 29% gained intraday.

As you can see on the chart, a really sharp trader could have played this more than once yesterday, for cumulative gains upwards of 40-50%

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Dragonwave, Inc. DRWI

Another nice opportunity for a quick flip, DRWI opened at 2.44 on Thursday, and hit a high of 2.72 right out of the gate, in the first twenty minutes. It then pulled back to 2.45 before shooting back to 2.61 for a quick 11% gain.

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Com-Guard.com, Inc. CGUD

We began talking about CGUD around the midpoint of last month. After a backslide to .0016 which was reached the day before yesterday, the stock rebounded to close out Thursday’s session at .0034. Ranging from .0016-.0034 marks the possibility of up to 113% gained in just a 48-hour period.

A return to its 52-wk high of .0064 (reached one day prior to our initial alert) would mark nearly another 100% gain.

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Extended Watchlist:
MSLP, RFMK, MJNA, LXRX, BRND,

AAPL, RFMK, PEIX, BIOF & Extended Watchlist

Apple, Inc. AAPL
Apple continued its pullback yesterday and bounced off of 623.55 (just above the 100DMA of 619.39), hitting a high of 640.49.

As you can see from the chart, that 100DMA has come into play quite a few times over the past six months. Those traders savvy enough to catch the dip into the 620’s could have been looking at some nice intraday profits.Thus far premarket, it looks like we may be seeing a gap-up this morning. It seems we were quite accurate in yesterday’s report: “Apple has been undergoing a selloff, and we want to observe carefully for a turnaround…..earnings are due later this month, and with this stock, there is always that tendency to run into earnings reports….”

We are currently monitoring October 20th $650 Calls. Yesterday they were as low as 5.10 before hitting a high of 9.40, and closing out the day at 7.70. You can see why we like to follow these intraday, as Tuesday could have been unbelievably profitable.

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RFMK is another stock we’ve been watching for awhile that offered a opportunity on a dip to low of .0025, only to turn around and close strong at .0034 (HOD). The new support is at .0025, a level we need to ensure that the stock holds moving forward.

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Pacific Ethanol, Inc. PEIX &

BioFuel Energy Corp. BIOF

Both of these ethanol plays have shown us nice gains in the past, and these two tend to trend together, being in the same sector. We felt the time was right to reintroduce these two stocks, as it seems more gains like we’ve seen in the past could be in store presently.

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Extended Watchlist:
LGNT, BCAP, RSH, VRNG

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,