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18 May

Watch List For Thursday May 18, 2011

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Again, my goal is to keep this list light and accurate. Premarket trades pop up all morning with my EquityFeed scan so like yesterday, don’t be surprised if I find something better and send it out by text and email.

PAL was upgraded this morning from underperform to neutral… I happen to think this company will bounce soon. Keep it on watch because there will probably be a good trading opportunity here for us soon.

AGEN had news last night and the stock is trading a bit in the premarket. Possible trade between the current price and resistance at $1.15. Market cap is $113m so it can certainly move, just not sure that news will bring in a lot of buyers.

Little bit pricey but the market cap fits, MOBI could have another bullish day with futures up right now and a boat load of shorts probably still in this stock. Add momentum buyers and we could see at $1.00 plus move again today.

LOCM is obviously in my bag right now, but I think it could be setting up to run between today and tomorrow so it could be a 2 day turn for anyone not in. Fluff news again this morning but yesterday it jumped 7% and my hope is shorts trip over each other between now and close Friday. Goal is the $3.70-$4.00 today or tomorrow depending on how bullish it looks.

Also keep an eye on CLNO at $.22, I picked up shares into the close yesterday but didn’t have time to send out an alert. Goal is to sell for 10% before $.27 resistance. The increase in volume and information on www.stockreads.com leads me to believe it could move this week.

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