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12 May

Watch List For Friday May 13, 2011

by

Added charts that will update, please comment below if you like or dislike this addition.

TSEM manufactures semiconductors. Analysts recommend it as a buy and data from Bloomberg has analysts forecasting the stock gaining about 89% to $2.4 in the next 12 months. With Q1 earnings on May 17, 2011 this may be a run up candidate. It’s estimated that they’ll record net income of $29.75m, or 11 cents per share as opposed to a loss of $36.2m, or 18 cents per share, in the year-ago period. Trading goal would be 10% between $1.27 and $1.45.

LQMT was up another 8% today on $49,922 in volume or 99,236 shares. It now appears the that sellers have left the stock but I expect them to emerge again when the dip buyers from $.52-$.54 come into play from the recent price action shelf. My starter position would be $5,000 or about 1/10 today’s volume so it’s still simply too thin for entry. If this is the start of a move though, I’ll look to trade it between $.52 and $.70 depending on why it’s moving.

At 1:59pm EST today VRML dropped massive news and the stock went supernova closing after hours at $6.37. This is why I watch the streaming news on EquityFeed all day long because this happens quite a bit and if you’re quick to act you can lock in big winners. It’s hard to catch them all though because there’s so much news that hits the market daily… but that’s my job. I’ve added it because there is a real possibility that VRML is trading in the $8 to $9 range tomorrow which means a dollar per share opportunity.

PSUN still has my attention after moving up from $3 but I’m not a buyer here. I’m waiting for a strong break of $4 which should trigger a $.50 cent move to $4.50. Earnings are expected on May 24th so there is still plenty of time to catch another phase of run up.

JAMN might not be done yet believe it or not. The one minute chart tells a completely different story than the chart you see below. It closed just below key resistance, a break of which at $5.50 could trigger another solid move up the chart. This isn’t a stock you buy and check back on though, it requires constant supervision just like a new born baby. If you don’t believe me, pull up a 1 minute chart from Thursday and look at the time from from 11:35am EST to 12:05am EST and you’ll see what I mean.

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11 Comments

  1. Jason Bond

    Do you like the charts or would you prefer I left them out? They’ll update day to day. Please just ‘reply‘ below with a simply ‘yes’ or ‘no’.

    Reply
    • Rik

      Yes

      Reply
    • Larry B

      YES!

      Reply
  2. Boom2703

    Love the chart Jason. Keep them!

    Reply
  3. Rudy

    love the charts!

    Reply
  4. Jeff

    Like the charts. May help to have moving averages if possible to illustrate when talking about support and resistance levels.

    Reply
  5. Ethan

    Excellent, I love the charts; Nate at Investors underground also did charts & descriptions every night which was great! “a picture worth a thousands words” 🙂 Thanks!

    Reply
  6. john

    yes

    Reply
  7. Kelvin

    Yes, please leave them

    Reply
  8. Bill B.

    Yes!

    Reply
  9. MR. A

    Excellente, muy bonito y de mucha ayuda!!! 🙂

    Reply

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