Watchlist Dec 23, 2011

Merry Christmas everybody! Hopefully Santa has some nice picks for us to get into tomorrow!

Volume will continue to be light until the new year in my opinion...so trade accordingly.

Still long 1k shares of $PVA at 4.78...that's it. Had a nice day trade today with $PHH today...Got greedy, and instead of selling for $900 profit I took $120. I say profit is profit!

With all of these stocks that I post, keep in mind that a majority of them follow the market as it moves throughout the day. Can't guarantee you anything...except a high five...maybe.

So I forgot to stalk $LIVE like I said I would... big regret having stops set on my short position at $5.73. Got squeezed out. I love parabolic moves. It's almost a guaranteed short opportunity days later. Sometimes they hold up, and I'm interested to see if this first stock on my scanner is going to hold up...$RAM.

1. $RAM - Oil and gas company with $152 million market cap. Nothing big on the short interest, but has a beta of 1.45. I'm watching this for a breakout of $2.06. Support can be found at $1.82. News came out today that $RAM regained its Nasdaq listing and former CEO of Petrohawk Energy, Floyd Wilson, will become its new chief executive after an investment of $550 million. Click to read the news HERE.



2. $PACB - Develops, manufactures, and markets an integrated platform for genetic analysis. Market cap of $158.4 million, short interest is looking nice with about 6% of the float short, and about 10 days to cover. Resistance is at $2.90, $3.15 (50 dma) and around $4.12 area. I want to see this hold at least $2.77 in a pullback, which is about half of the move it made today. A break of $2.90 with some solid volume will trigger an alert for me with a goal of $3.15 if not more (depending on the market sentiment). A similar chart is found with $AMKR.



3. $ZLCS has been getting a lot of attention lately. I would still like an entry around $1.27. Has a lot of shorts on it, but then again maybe they got out the past few days as we have seen some nice green action here. If I don't get it I don't care. Goal would be $1.53.



4. $KTOS - Market cap of $213.95 million, beta of 1.31, and 17.7% of the float short and 11 days to cover! Just wonderful in my eyes. I like this one on a pull back to the $6.00 range or a break of $6.40. Insider buys back in November were in the $4.70-$5.60 range. If we drop hard on a pullback, I won't hesitate to wait for a better entry lower.

(Intraday)


(Daily)


Also on watch: PHH, DVR, UVE