I have 24k of LEXG between two accounts at $1.45 with a goal of $1.55 – $1.58 should it get there. I’ll be using a tight stop loss on this one. Looks like mailers are starting to pick up which means so will volatility and I don’t want to get caught up in that. Here is the second one I have found on LEXG http://www.smauthority.com/video – remember we don’t care about the video, it just gives us a gauge as to where they are in their campaign.
I was trying to grab 25k PROP on the bid at $.18 Friday just before close and managed to get 5k filled. This isn’t one to chase on the ask due to the spread, volatility and lack of volume so I’ll continue to sit on the bid with hopes of filling the other 20k. The indicators are turning so my hope is that I am catching it before the next momentum spike. 10% either way from $.18 on this one but if the volume picks up I’ll sell half my position at 10% and try for more with the other half.
Midway Gold Corp. (MDW) is a precious metals company that had good news this morning. With a $184m market cap I don’t expect it to fly but may look to add a starter position this morning. I like the chart because it has pulled back from a recent high of $2.39, currently $1.82 which gives us a range over 20% which is what I look for when going for 10%. I’ll keep you updated if I add, I want to watch it more in the premarket first.
WFSN and CVRS are also on watch but I need more research here that can only come as the days go by, so stay tuned. If I do anything it’ll be a starter position bid side but no play just yet for me.
I might consider PLPE if it comes back down into the low $.70’s but I am not confident with what I read in the filings just yet. It remains near the top of my under $1 watchlist but I am still on the fence here.
LQMT is starting to look attractive to me, I’ll probably be looking to add a starter position soon. It’s been a while since news and has the potential to pop as you can see on the 1 year chart. I am just not sure where support is yet but this might be it in the low $.50’s. Those of you who are new, research their contract with Apple and you’ll see why I think it could have a nice payday sooner or later.
Also just added QPSA, PSTI, SHMX and TSEM to my radar this morning after the email was sent.