Stocks Daily Discussion

[pftq]

RYUN finally broke $2.30 - next resistance points probably $2.50-$2.60, but I expect it'll probably reach $3 eventually.

FBCD is thinning out in volume but the 8K confirming the merger has to come out within 4 days, so I'll just hold to avoid missing it.

[pftq]

POTG just broke $.90 <_< Bah, I just sold it breakeven yesterday at $.77.

[pftq]

FBCD 8-K out (the "big thing" everyone's been waiting on):
http://biz.yahoo.com/e/110712/fbcd.pk8-k.html

Watching tomorrow carefully; if volume doesn't come in, I'm staying far away from FBCD.

[pftq]

CHCI running on heavy volume today on this news:
Comstock Homebuilding Companies Announces Strategic Alliance With SunBridge Cap Management

It's not really a penny stock, so I'm keeping this one on watch as it could keep going for a while.

[pftq]

This one reminds me of RYUN and POTG early on a bit.  It's gradually rising, will consider a position more once I see how well it stays above $1 (resistance point).

IGXT at $1

[pftq]

JCOF to become a fully reporting company:
http://finance.yahoo.com/news/Javalution-to-Engage-Auditing-prnews-2347999738.html?x=0&.v=1

Should be good for the stock.

[pftq]

SCEI testing $2.30; got in a couple days ago on its initial spike at $1.90:

[pftq]

Adding VALV to watchlist.  It's a bit high right now but has a good chart for pullbacks (10-day chart).

[pftq]

Chart just broke $.080 (major resistance) on high volume.  Took a moderate size position with remaining funds and will sell some time tomorrow.

[pftq]

MGRND gradually creeping up today and yesterday.  Got in with a modest position at $.007.  Going to see if it can break $.010, followed by $.015 after that, with "support" being the 30-min SMA line.  Watching closely because the volume is pretty thin.

[pftq]

Stopped out of MGRND and moved into POTG instead.  It's starting to climb from $.70 again after falling from $1 a few days ago.

[pftq]

LVLT is supposed to complete an acquisition by December, which is the main thing driving the price up I think.  There was some recent news about additional information the company had to provide to get the acquisition going, which scared some people out, but it seems to have held up just fine (still following the same upward channel).  I'm still out of it for a little bit until I'm sure those concerns are no longer dragging it down, but I think the acquisition will go through regardless (just don't want to ride it down first).

Just putting this out there incase someone wants something less volatile than what I've been posting lately.  This would be a longterm (at least till December) for me.

[pftq]

Another nice one.  Keeping it on watchlist for when it pulls back, maybe after I get out of POTG.

ABAT at $1.60

[pftq]

Sara found this stock earlier today.  Very nice chart pattern that seems to be building up (as opposed to spiking up sharply and preparing to die a spiraling death like the ones I usually post ).

LBAS at $.47


Meanwhile I found this one that will spike for sure tomorrow but will probably die a spiraling death afterwards (for those who want to get in quickly and get out with a quick 10-20%).

PRKR at $.97

[pftq]

Back in more heavily on my longterm pick RYUN. XD
It bounced back from 1.90 yesterday creating a long reversal candle and today is already back above 2.40