AUMN-This has been rising the past couple of days. I don’t see any news here but I’m liking the direction its taking. I assume the rise in price is due to the drop in the market. The problem with these recent gold plays is that they have been unpredictable as of recently. A lot of solid supports on common gold stocks that I watch have been broken so I won’t be jumping in on this one anytime soon. This will still be on my watchlist along side TGD, VGZ and HMY.
HEB-I took this off my longterm watchlist as I foresee this going to 0 within the next year. It has the same pattern that FREE had before it went to 0. With that being said, it announced after hours today that its drug for chronic fatigue syndrome has been approved by the Argentine Republic. It’s currently up 13% sitting around the support level I was considering buying it around a couple weeks ago. Although I like the spike and the potential buy opportunity, the news just doesn’t excite me that much. Based on statistics, there’s roughly a 140,000 people in Argentina with CFS. Not a whole lot of potential customers, Good news for the company, nice step in the right direction but they need to get approval in American to really excite me and to swing trade. Still on watch none the less.
SSY-This is going to be my top watch as I can see this running tomorrow. It’s had more volume the past two months then it has the past two years. I think the news of it selling its hospital in Georgia can keep this up trending tomorrow. Needs to hold the 1.30’s and breaks past 1.5 and reach 1.7. My goal would be to get in at 1.40 and get out in the 1.6’s.
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