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31 Jul

Watch List For Monday August 1, 2011

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TheStreet.com called NTWK recently before it gaped down big on lower revenue outlook. Now having found a bottom I like it here if it continues up. $100m market cap with real products and revenues, this could be a nice entry if this is in fact bottom. Trading range is solid too from $.88 to $1.10 resistance where it gaped down.

COOL has been a very good stock to me, I’m guessing I’ve cashed in here 90% of the time I’ve traded it. No fresh catalyst just yet, so no reason to enter but I’m watching close, primarily because it’s right above $2.37 support. What I’m thinking is entry soon leaves an extremely tight stop ($2.37 or $.08) with upside of $.50 – $1.00 per share. Goal is entry around $2.40 if there is reason for it to get bullish with the stop on the chart around $2.37.

JBII recently fell from $4.20 to $1.71 before bouncing to $2.88. The bounces are getting weaker despite having a huge following on the message boards. But less buyers at these levels are for good reason, multiple lawsuits are hitting the news feed which prompts selling and wards off new traders. Bottom line is this, I’m short biased on JBII as soon as I can get it on a volume spike with a goal of covering at $.75 per share.

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