Watches, 4/20

I'm starting my list early so I won't forget

I'm going to start using target prices. Could be helpful for someone, or just a reminder for myself.

I'm adding new symbols  here as I find them: 

New Additions: 

CNXT  - Short squeeze? Huge volume pop. Watch for a 1.48 break. 1.78+ target if it breaks it, 2nd target 2.15. Volume pop 

WSTL - this one is coming back around. watch .38 break.

SIX - Here's a new one. I belive the symbol changed to SIXF even though it won't pull up in my charts yet. Sixflags is thought to be going bankrupt. Any positive news regarding debt negotiations and/or earnings will send this back towards .30

Symbol      SellTarget   BuyTarget  2ndSellTarget 

FTK -         3.11 - 3.16       2.10             4.19
UIS -              2.00         1.21 -1.36       2.47
CAR                2.51              1.56             3.84

ETFC                                   2.10
FRP -  Takin out highs. Could run fast depending on volume/momentum
LVLT  - Takin out previous highs. I contend the old high of 1.65 is coming out. Triple bottom? Smoother angle of ascent. Definitely a buy if it breaks 1.65.  Debt news (seems to be the catalyst of a hard runner lately)
HBAN  - financial runner to buy on pullbacks. Earnings announcement on 4/21. Short or long? Wait til then.

ALD -  If it breaks 2, could be a runner.
DSCO - should be in constant watch. The huge dips alone are profitable. 20-40% within minutes

Shorting these would be a good idea on pops. They all should offer you 50-100% gains within a short amount of time if you swing them. Buy dips, imo. I prefer to swing them.

If you read my blog, you'll notice the same symbols keep popping up. That is because I attempt to study each one as if it was my own. Knowing the chart by heart helps in identifying buys based on price and volume alone.

I started this blog at the end of March. So far, my calls have been pretty consistent

1. CSE - hit
   
2. SOMX - tradeable, not swing worthy
   
3. DPTR - hit
   
4. ENTR - hit
   
5. MGM - hit
   
6. CNO - hit
   
7. FMD - hit
   
8. UIS - hit
   
9. CAR - hit
   
10. EBHI - miss
    
11. TRE - flop
    
12. GCI - hit
    
13. LCC - hit
14. AMR - hit
15. UAUA - hit
    
16. DVAX - miss
    
17. VRNM - hit
    
18. PIR - hit
    
19. QTM - hit
    
20. FRP - hit
    
21. STSA - hit
    
22. JAVA - hit. Called the low at 5.90, missed it by .03
    
23. PLI - miss
    
24. FMD - Hit
    
25. EBHI - Miss
    
26. DSCO - hit
    
27. PBY - hit
    
28. URE - hit
    
29. THLD - miss. holding

Every symbol I list is breaking out and should always be set on watch. Set alerts at price levels and set your notification to your cell phone.

Out of those, I've traded DPTR, MGM (bounced hard just as I predicted), CNO, FMD, UIS, VRNM, PIR, QTM, JAVA, STSA, DSCO, CAR, and URE.

That's a win ratio of 75% if you count them all up, and many of these are still breaking out and are still potential 100% gains. In the last 3 months, I've yet to take a loss. This is why you have to study the same stocks over and over and not trade a hundred different stocks a month. Too many traders that I know trade 1000's of different stocks in a matter of months. If they'd stick with the same handful, they'd have several 100% gains, especially in this market. With the general consensus that our economy is possibly stablizing, you have reactions in these near BK companies, especially after they receive credit, sell debt, or renegotiate loans. Learn the pattern, how the stock reacts during the day, breakout points, set price targets, volume alerts, and price alerts.

If you find yourself with a 100% -200% gain in a stock, DO NOT SELLCOMPLETELY OUT. ALWAYS keep a small number of shares. Not only does this build up your portfolio, but it helps you keep track of stocks that have broken out. 
Out of those, I'm still holding CNO, FMD, UIS, PIR, and URE for that very reason.