I really like POT because it is a leading stock and with it being a leading stock and it bouncing off the 50 day moving average it is hard for me to not tell you to go long this stock. We have not had a really good long (besides MLNX) in about a week but POT is definitely one. Even though it is a “highflyer” and this is not its first stage base this stock still makes a great long here with this move coming on the biggest one day of volume ever. The stock has already had such a huge run that I am not expecting this to be a nice slow mover that produces the big gains that this stock has already made. I am expecting this kind of volume and the momentum in this stock to work immediately. I expect POT to pop and move higher quickly. If it does not pop and start moving higher quickly, the chances of it failing will be high. If this stock doesn’t hit $150 shortly, I will be very disappointed. However, recently, that is what this market is trying to do to all of us-disappoint us. So, now you know where I stand with POT: I like it a lot, I expect it to move quickly since it is a leading stock with a lot of momo behind it, and if it doesn’t don’t be afraid to start trimming immediately. CKSW is a nice small float stock but its low price prevents me from having the confidence to tell you to buy it. It is best to probably avoid it. HRBN is definitely the prettiest stock with all the huge accumulation and max green to green BOP the past month but the stock is not quite a Featured stock yet so it isn’t worth loading up on. But the stock is nice enough to poke some. RDNT is a great low priced stock as its EPS has finally turned positive and the revenue growth the past two quarters have exploded higher. The weekly chart shows how strong this stock is, with its perfect stair-step pattern higher. Something tells me this stock will be a teenager soon. MLNX has not only got a pretty chart for an IPO but it has pretty amazing growth that is only expected to get better. The stock is a little too volatile to be a great long to load up on. But with the fundamentals and the green chart getting better everyday, I am not sure I would want to miss out on this one. With the potential gains in this stock, I think it is worth the risk. VCO is a fantastic stock and that is obvious by its high stock price. Too bad the stock’s average daily volume is so small (7.7k a day!). That prevents me from recommending it to anybody as it is simply too dangerous. If a bunch of sell orders come in at once, this stock will drop 25% with no problem. If you do go long, you better use a limit order only–no exception.
new Featured long position: POT
POT is bouncing off recent support, putting in a very bullish intraday reversal right off the 50 day moving average, and breaking out to new all-time closing highs, on extremely huge volume (largest in over 10 years). Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.
new speculative Featured long position: CKSW
CKSW is breaking out of a cup with high handle to new 52-week highs, on strong volume. Cut your loss with a close below the 6.04 level, if the stock does not move higher immediately.
new speculative long positions: HRBN RDNT
HRBN is bouncing off recent support and putting in a very bullish “engulfing” price pattern (today’s open is below yesterday’s lows and today’s close is above yesterday’s highs–HRBN engulfed the past three days price), on strong volume. Cut your first loss with a close below the 17.11 and your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.
RDNT is bouncing off the 50 day moving average and breaking out past the September highs nearing the all-time highs in July, on very strong volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.
adding to existing Featured positions: MLNX VCO
MLNX is breaking out of a deep cup with high handle and putting in another very bullish intraday reversal, on very strong volume. Cut your loss with a close below the 20.44 level, if the stock does not move higher immediately.
VCO is bouncing off the 50 day moving average and breaking out of this flat saucer base to all-time highs, on strong volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.
