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Stocks to Watch - 8/3 /09 - Stock Market Ideas
Inovio Biomedical Corporation (INO) - INO was probably the best stock for daytrading on Friday. After holding bottoming at $1.50 on Thursday, INO exploded out of the gate on Friday peaking just after 1pm. I was buying all the pullbacks under $2 and selling quickly into the $2.10's. The fact that INO held $2 going into the close is very positive and sets up nicely for Monday. I would think INO will retest the $2.48-$2.50 resistance area on 8/3/09. If the stock can break through $2.50, it will catch fire and bring back all the momentum traders once again ( like me ).
Anadys Pharmaceuticals Inc. (ANDS) - ANDS was another stock I traded in the morning Friday. Anadys gets FDA nod on hepatitis C drug study, shares up. ANDS held the morning low of $2.70 and then shot into the $3's where I sold. I was thinking about buying it back but after the stock went back under $3, the warning flag was raised and I stayed away. The close was absolutely horrific! Nevertheless, I will be back in ANDS when it gets above $3 again for a trade. It closed up in afterhours so keep an eye on Anady's for Monday.
VirnetX Holding Corp (VHC) - VHC was halted for a few hours Friday but then reopened. VirnetX Receives Markman Order in Patent Infringement Action Against Microsoft. I will still be watching VHC stock Monday but the final hour was a disaster technically. Straight Down!
Hemispherx Biopharma, Inc. (HEB) - Still waiting on an FDA approval decision for CFS drug Ampligen - Technically, HEB is really starting to break down, closing below the 50 day moving average for the third straight day. If $2 doesn't hold, things could get rocky. If the FDA does approve Ampligen, you could see a Human Genome Sciences Inc. (HGSI) like move!
Cell Therapeutics, Inc. (CTIC) - Waiting for CTIC to break back up above $1.50 and then add to my position when it closes above $1.50. Then I expect atleast $1.60-$1.70 days later.
Recent Stock Gainers: I am still watching the following stocks for potential trading opportunites. These stocks are easily forgotten because they have been going down but can quickly spike 10-15% at any moment. Sequenom Inc. (SQNM) - Jazz Pharmaceuticals, Inc. (JAZZ) - Discovery Laboratories Inc. (DSCO) - deCODE genetics Inc. (DCGN) - ACADIA Pharmaceuticals, Inc. (ACAD) - Novavax, Inc. (NVAX) - SIRIUS XM Radio Inc. (SIRI)
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS continues to trade over the 10 day moving average which is currently $52.22. I expect a retest of the 10 day any week now but this moving average will be moving up each day. I am looking to buy FAZ if FAS breaks through $55.71 which was Friday's low. Resistance levels for FAS will be $60, $62.56, and then $66.26 which was the May high.
Citigroup Inc (C:NYSE) - Citigroup held $3 for the most part on Friday. I had my stop way to tight but there were several opportunities to get back in. Where is Citigroup headed next? I think if Citigroup can close over $3.21 it will make a run back into the $3.50's-$3.60's. expect more index buying to occur in the first week of August.
Bank of America Corp ( BAC ) - Bank of America Corporation was on fire Friday. Back in Mid July BAC stock made 5 straight lower closes and then the trend changed July 22nd when Bank of America closed at 12.23 which was higher then then previous close. Pullbacks to $13 and into the high $12's are now a strong buy. Look for BAC to break out further if it can close over the 2009 high which was made in May at $15.06.
American Intl Group, Inc. (AIG) - I am watching AIG for a break about $13.45 resistance level for another retest of $13.80-$14. If AIG can break above $14, its off to the races again. Support is located at $12.86-$12.87 but I won't be buying below $13, to risky!
Other Stocks to Watch - August 3, 2009
ArvinMeritor Inc. (ARM)
American Axle & Manufacturing Holdings Inc. (AXL)
Drew Industries Inc. (DW)
Sunrise Senior Living Inc. (SRZ)
Tenneco Inc. (TEN)
Dana Holding Corporation (DAN)
OfficeMax Inc. (OMX)
GrafTech International Ltd. (GTI)
Abaxis Inc. (ABAX)
Aeterna Zentaris Inc. (AEZS)
Select Comfort Corporation (SCSS)
Orthofix International NV (OFIX)
Drugstore.com Inc. (DSCM)
Genoptix, Inc. (GXDX)
United Stationers Inc. (USTR)
NORTH AMERICAN PALLA (PAL)
Metalico Inc. (MEA)
Penny Stocks to Watch - August 3, 2009
Intertape Polymer Group Inc. (ITP)
ICAgen Inc. (ICGN)
Integra Bank Corp. (IBNK)
Triad Guaranty Inc. (TGIC)
Newcastle Investment Corp. (NCT)
Gasco Energy Inc. (GSX)
Polymet Mining Corp. (PLM)
ULURU Inc. (ULU)
CEL-SCI Corp. (CVM)
OTC BB - Pink Sheets Stocks to Watch - 8/3/09
You can discuss these stocks at http://stockstobuy.org
EP Global Communications Inc. (EPGL.PK)
ONE WORLD VENTURES (OWVI.PK)
Xynergy Holdings, Inc. (XYNH.PK)
POP3 MEDIA CORP (POPT.PK)
Fonix Corp. (FNXC.OB)
Frontier Airlines Holdings, Inc. (FRNTQ.PK)
EAGLE ROCK ENTERPRIS (EREI.PK)
BIOCENTRIC ENERGY HO (BEHL.PK)
TELEMAX CORP (TMXC.PK)
Entech Solar, Inc. (ENSL.OB)
IDO Security Inc. (IDOI.OB)
Vertical Computer Systems Inc. (VCSY.OB)
BROWNSTONE RES INC (BWNR.PK)
NavStar Technologies Inc. (NVSR.PK)
XINHUA CHINA LTD (XHUA.OB)
Universal Detection Technology (UNDT.OB)
Skinvisible Inc. (SKVI.OB)
Cannabis Science, Inc. (CBIS.OB)
Artfest International, Inc. (ARTI.OB)
SpongeTech Delivery Systems, Inc. (SPNG.OB)
Thorium Power, Ltd. (THPW.OB)
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