Tag: SEEK

STXS, JAKK, FNMA, FMCC, PGCX & Extended Watchlist

Stereotaxis, Inc. STXS
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After appearing in our Extended Watchlist yesterday morning, STXS made a power move from 3.60-5.69, good for a 58% profit. While our timing on this alert was as close to perfect as we could hope, it certainly was no surprise. This isn’t the first time we’ve ridden this stock to large gains.We first mentioned STXS on July 30th, and at the time, it was trading as low as 2.33. By 08/06, the stock would go on to hit 10.85, for an unbelievable move of 366%

As you can see below, there is a large gap on the chart to fill from 5.64-8.02, so we’re on the lookout for a break past 5.70, which could trigger a possible move up into 8.00-range.

JAKKS Pacific, Inc. JAKK

We caught JAKK on our morning scanner yesterday as the stock was gapping up significantly. What resulted following the bell was a solid day’s performance, as we observed a run from a low of 5.68, and a subsequent high of 6.35, good for a gain of 12%

Fannie Mae FNMA & Freddie Mac FMCC

We tracked this mortgage-lending pair earlier this year to big gains, following them from the $1-range all the way up to the $5-range. (FNMA 1.20-5.44, FMCC 1.11-5.00)

We thought it was high time to re-introduce them to our watchlist, as they are breaking out once again. If past results are any indicator to the kind of gains we can expect on the current run, we’re strapping in for what could be another wild ride.

FNMA Chart

FMCC Chart

Virtual Sourcing, Inc. PGCX

PCGX comes to our attention today as a possible bottom bounce play. We’ve seen it maintain higher highs and higher lows coming off of a recent bottom.

The stock is known for making big swings in the past. Back in August it ran from .16 to 1.10, so there is a precedent for large gains from current levels.

Extended Watchlist:
SEEK, MJNA, PHOT, CLSN, BLDP

Monday’s Watchlist: Options Ideas, Momentum Plays

Options Trading: Lululemon Athletica, Inc. LULU Calls
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Last Monday, we mentioned an Options Trading idea, as we were looking at the LULU $65 Calls. We believed that LULU stock could head up past $67 and push toward the $68-level. On Wednesday, the $65 Calls were trading below .30. By Friday, we got the move that we were looking for out of the stock (hit high of 67.90), pushing those Calls as high as 2.80 as shown on the intraweek chart below.

This play was was a good example of why we like to monitor options contracts as they approach expiration, as they can exhibit some of their most volatile activity during that period. Even those who didn’t catch on until Friday could have walked away with up to 100% in intraday gains.

Celsion Corp. CLSN
&
OXiGENE, Inc. OXGN

Each of these stocks, after appearing in Friday morning’s extended watchlist would go on to perform well for the session:

CLSN traded from a low of 1.35, and spiked 15% to 1.55.

OXGN saw a daily range from a low of 3.31, and touching a high of 3.81 for a possible gain of 16%

TechnoConcepts, Inc. TCPS
&
TheDirectory.com, Inc. SEEK

Both of these stocks qualified as momentum plays last week, thus will be on our list of stocks to monitor as we begin the new trading week:

On Friday, TCPS traded in a big range from .008-.04 on roughly 4X its 3mo. average volume.

SEEK went on a run last week as well, and on Friday traded massive volume, to the tune of more than 10X the 3mo. average.

Options Trading Side Note:
Following tomorrow’s market close Apple earnings will be released, so we are eager to see how AAPL stock reacts to those figures. If they will fail to impress, we should see a dip followed by a bounce- should they exceed the Street’s expectations, we will likely be looking at a gap-up and run on Wednesday morning. Either way it shakes out, we will be looking to take advantage with properly timed Calls placed in the money.

Extended Watchlist:
IWEB, NRBT, BTG, BCRX