April 29th Daily Watchlist - 7 rewatches, 14 new watches

Testing out a new format, lots of interesting earnings and sympathy plays..

7 rewatches, 14 new watches

Prior Day Market: S&P – up 0.1%; NSDQ microcap – up 1%;

Top watches - $UNXL $LGCY $MITK $CBAY

Multi-day watch à

FMSA sand based products for oil and gas hugely overvalued

Category: Low float spike

Catalyst: Low float, historical spikes

Levels: $4.50 b/o for $5, RL $4.40

BCEI energy play doubled in ten days, fund. weak. but high spikeability

Category:

Catalyst: “lesser” energy play but high spikeability (37% short float)

Levels: B/d $3.95. RL $4.05.

CBAY biotech had first red

Category:

Catalyst: prior spikes of three/four days end in selling

Levels: $2.62 (day low), $2.57, target $2.40.

GSL containerships long term downtrend spiked and finished above high of $2.20

Category: Earnings winner

Catalyst: earnings

Levels: B/o $2.30 targeting 40 cents/share, RL $2.30

UNXL microstructure film materials with large hist. spikeability

Category: spikeability

Catalyst: contract wins weekly, low float

Levels: Double top $2.70

LGCY oil and gas play look for consolidation then weakness.

Category: Long term down spiked up on hype

Catalyst: Always falls on spikes to lower lows, “lesser” play

Levels: $2.90 b/d to $2.66 and $2 target below that. RL $3.00

GPL trending up metal play at highs from 2013, $1.40 to $1.95 in 5 days. Hype, watch for change in momentum.

Category: pump and dump

Catalyst: Hype/manipulation

Levels: $2 b/o to $2.30-$2.50

First day watch à

DHRM huuuge spikeability but choppy LT. Contract winner doubling in a day.

Category: Earnings/contract

Catalyst: at highs, contract

Levels: Buy above $2. $2.85 b/o. RL $1.89.

CDRB software company huge spikeability, double bottom bouncing and long term die pattern, will come down eventually but still some steam left I feel

Category: No news spiker

Catalyst: spikeability, bouncing off double bottom, room to extend further

Levels: $3.07 b/o for 7-14% at $3.30-$3.50.

BGC gap up above b/o

Category: Earnings/contract

Catalyst: at highs, contract

Levels: Buy above $16.32 (year resistance) for $18-$20, $14 huge resistance, may also bounce at $15.50

BCOR die and spike pattern on spike b/o with lots of green candles

Category: Earnings/contract

Catalyst: at highs, contract, low float high short

Levels: $8 key area for $9

MITK break three year highs and first green day on earnings news, gap up and morning spike, going over highs in afternoon after bouncing at $7

Category: Earnings/contract

Catalyst: Above 3 year highs, contract, first green day, up 20%

Levels: $7.50, RL $7.20 (4%)

Other earnings winners and levels: AMD ($3.80, RL $3.74(2%)) BEAT ($15.86, RL $15.40 (3%)), SONS (Bounce $8.30, $9, RL $8.67 (4%)),

AXAS commodity oil linked broken highs, overextended? Dying long term but spikeable

Category: Overextended

Catalyst:

Levels:  Below $1.40 for $1.20 (16%) RL $1.50 (7%)

PRGN, SINO, GLBS, ULTR, DRYS all spiking in correlation with PRGN huge gain of 600% in one day. PRGN could spike again above $2.20.  If it does, other plays should spike. Watch for fall early next week.