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

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

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,

LGNT | Laser Energetics, Inc. & Extended Watchlist

Laser Energetics, Inc. LNGT

Today’s interest is a unique company and product. Laser Energetics makes what are referred to as laser optical distractors. Essentially, high powered lasers are used as a deterrent/disorienting device from anyone from private citizens to government law enforcement agencies. One could imagine all of the scenarios in which technology like this would be useful. The principle the devices are built upon is the same as police car roof sirens, that are designed to cause disorientation through bright and distracting flashing lights. Quite an interesting niche for this company which has been around for more than 20 years.

The primary focus of Laser Energetics is the Dazer Laser® – Light Fighting Technologies™, and its new BrightStar™ Alexandrite laser technology. In addition, LEI is developing a new product line of light diffusers called Totally Reflective Transmitter (TRT) technology, which will be marketed for use in mobile phones and PDA’s screens as well as signage – for example as a replacement for neon signs.

From the stock side of things: This one has made some nice bounces over the past year, making some good runs to .075 and .08 where there is significant resistance. Key levels of support are at .05 and .055. Should the stock get past the moving averages which sit in the range from .06-.063, we could easily see a break to .07 or .08. A move to those levels from here, would mark gains of 36-45%

We have taken the liberty of providing you with a video presentation of the chart:

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Extended Watchlist:
RFMK, PROT, NOK, HDY, 

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