*Update Moving forward, watchlist released for free every Sunday night will only list the stocks that I am watching. Entry/exit zones (along w/ charts) will be shared occasionally with individuals who are signed up for the newsletter. If you're not on my mailing list; sign up below. It is free.
Cardiovascular Systems Inc. (CSII) Stock is up close to 30% in one day, because the company raised its guidance for Q3. Great! They were also upgraded by Needham to a buy! Even Greater! Despite all the "positives"; ShortMeTina is placing this on her shortlist! The company reports earnings towards the ending of the month; so this may continue its climb for the next few days or weeks, as with everything; just continue to watch it and pay attention. First sign of weakness, knock this down.
Sky Solar Holdings, Ltd. (SKYS) If you play the penny stock space, this is right up your ally. Please remember that pennystocks are very volatlile and tend to swing in extreme directions. This stock posted a gain of over 125% in one day. I like perspective. That means, a 1K investment would be worth over 2k in just one day! *YESS!!! This is why I L.O.V.E Wallstreet! At any rate, such large gains aren't sustainable in the long run. On my sniper list.
ProShares UltraPro Short S&P500 (SPXU) The markets seem to be a charging bull these days. Many weeks back; when the markets were tanking, I advised folks that being a contrarian (being greedy when others are fearful) is a recipe for success and if you agreed w/ me; you're sitting on pretty good gains. I opened a short position on the market when I thought it had matured enough BUT right now, the market doesn't agree with me. I went back to the drawing board; looked at my charts and defined a point of exit. It's important to add; although, I am sitting on a loss, the loss isn't close to 1% of my entire trading account. For example, for a 50k account; I have to be down by $500 to fold this short. I remain short.
I will email subscribers additional stocks I am looking at in the week!
Last Week's Recap DAR (8%) SPXU (5%) TIVO +5%
Updated watchlist emailed to subscribers on Tuesday allowed us to finish the week with a net positive. Again, if you're not subscribed..what are you waiting for? It's FREE!
This watchlist is for information and illustrative purposes only. It is not, and should not be regarded as investment advice or as a recommendation to buy, sell and/or hold any securities mentioned above. All investments carry risk, there are no guarantees. Investors should consult with their advisers with respect to their investments.