Take your pick. Its unreal how many oversold RSI plays are under consideration on my end along with the heavy number of continuation RSI plays that are triggering. I will say it once again. If this is not very bullish over the intermediate and long-term, I will be shocked. However, at this point in my career, nothing shocks me. Once again, take them all, take three, or take one of the positions listed. None of them are “perfect.” All of them have their own small problems but obviously the highest quality name is AMID. You see how ARCW has moved the past two sessions since my long signal–+31%. It would not surprise me if AMID does the same thing. If it does not, I have my stops. My capital will be fine.
New Speculative Long Positions: AMID (1%) MSTX (0.5%) TNXP DRAM TTPH MEIP EYEG (0.25%)
AMID – Suggested final cut loss/sell stop levels: 14.25 and 13.62.
MSTX – Suggested final cut loss/sell stop levels: 0.09, 0.08, and 0.07.
TNXP – Suggested final cut loss/sell stop levels: .37 and .35.
DRAM – Suggested final cut loss/sell stop levels: .91 and .81.
TTPH – Suggested final cut loss/sell stop levels: 3.84 and 3.78.
MEIP – Suggested final cut loss/sell stop levels: 1.71 and 1.56.
EYEG – Suggested final cut loss/sell stop levels: 1.58 and 1.51.
Speculative Sells:
50%: APT – Closing below the 50 DMA on above average volume, locking in some gains.
100%: LMNR AAAP – LMNR is closing below its 50 DMA and final cut loss level on above average volume, fail, cutting small losses. AAAP is closing below its 200 DMA on above average volume, cutting small losses on remaining position on EOD basis (I was completely stopped out at the open on 11/23 allowing me to lock in gains on the entire position).
