ZRBA Net Cash Stock

ZRBA is no longer going to do the liquidation and put out a press release yesterday they are exploring strategic alternatives. I'm holding from about $3.90 and the stock popped up to $4.97 and I just sold at $4.66. The way this thing has traded on news in the past is it runs big first day then because know one trades this stock it falls off the next day. Whoever comes in with size will probably do this again and I can't afford to wait however many months, years for a bid on this company to possibly come in right now when I have a big profit margin in my face and the information I mentioned above.


full disclosure:no position ZRBA

Stocks To Keep On Watchlist

ADPT had a big volume spike the other day when it ran over resistance. This was a good entry point and see how it bounced off support in the upper $2.80s where I liked the stop loss just below? I don't BS with these stocks. Especially net-net's. This set-up is still here. It just tested support(former resistance) and could just breakout or consolidate again. A new entry would be best on a breakout I feel because the best stop off of a new entry isn't to clear to me. A stop loss for a breakout entry over 3.13ish would be 2.95.

















PGV is back in play. This thing loves to run. DEAR is in play and is a bank so you know what the appetite can be like for a stock like that. Huge run though. Would be surprised to not see some consolidation. These stocks I just throw up on watchlists are ideal for daytrading and are just watches. If I do an entire post on a stock I really mean business on it. BSTK from the other day ran 90% that next day.




full disclosure: no positions

Trendline Charts

I longed FSII. I'm just looking for 8% or so because I'm chasing it and I'm going to use a mental stop loss if it breaks this trend line on any decent sell volume. Click on these pics to get a bigger image.



















EGMI's trend I drew up has held up as it has bounced nicely off it. It's really amazing how much information the market will give you if you look at it. On the first pull-back volume decreased on this stock until it bounced off trend line. Similar on this second pull-back where I drew the down arrows. This last time though all the sellers shook out in a crescendo and it made a bullish engulfing pattern.



















full disclosure:long FSII

Net-Net FSII Soaring

I first found this net-net at around $.60 and it was at a big discount to net current asset value. I put it on the stock watchlist Monday because it broke out of a triangular consolidation. It's slightly over NCAV of $28 million now at over $1 a share. Huge volume today.

full disclosure:no position at time of writing

Strong Stocks Watch List

The financial sector has bounced off an important technical level on light volume. XLF, the sector ETF printed a hammer Friday which could be bullish. Anyway, these are a handful of stocks that stood out to me technically and have some momo going for them for potential quick trades.

Financials

RAS flagged and bounced real well.

GNW same but trend line a little more defined.

HIG two hammers back to back off trend line. This chart looks the best out of these financials as far as technicals with the two hammers and clean trend line. Just needs volume to follow through again or a move over Fridays high.

TGIC seems due for a bounce.

Trying to hold uptrend. Last time it congested around trend line before run.

Nice consolidation. Looking for breakout.

Looks good on breakout.

Former deep value FSII continues to impress. Nice volume on this tech stock.

FRZ maybe good on breakout

breaking out

Should be a good watch list for some good moves if the runs continue.



full disclosure:no positions