5/14/2012 Game Plan

Monday will start a new trading week, which is greatly needed for many, and will hopefully be a better week after the $RARS fiasco. There are a couple of stocks I am looking for a swing trade entry in.

I would also keep on the watch for the next APS promo at some point this week. Last time they pulled something with $AWSR they released their next pick the following week. There is a possibility that we see the same thing this week. I would definitely keep an open eye open for their next pick. When they do, make sure that you only buy into it once it is a confirmed APS pick by either them, or one of their sister sites. If you do decided to try and figure out the pick before hand, please only put in a small amount or the amount you are willing to lose. Personally I will just wait for the confirmation that it is an APS pick.

My watch list for the week:

$ORYN-

This is a big one on my list. It looks to be the same promoter that was behind $STVF. I will be looking for a swing entry Monday morning. I would like to find an entry around 1.20 or 1.22-1.24 depending on the activity we see in the morning. I'd also like to see over 50k in volume in the 1st 5 minutes of the day, preferably more.

Support lines will be :

1.24
1.20
1.18
1.15**

This may also turn into a good gap play..



$LUXR-

This one may be done after Friday's action but I will be keeping an eye on it. On the 2nd green day I will look for a swing trade entry on this stock. Again, look for 2 green days in a row for a swing entry. I do not want to see if fall below 1.62 on any dips.

This stock can also be good to play the morning dips.


$GWBU-

This stock had the most amount of Volume on Friday ever which makes me think that it is setting up for a really nice run. I will look for an AM dip to start a swing trade entry.

Support:

.8808
.8512
.8301

After swing trade entry I would like to hold for .98 as a sell target.

Those are my picks that I will be watching for the week. Another thing that I noticed is I need to make my plays the 1st hour of the day and the last hour of the day. That is when the penny market is most active and also it usually shows a good entry point in the morning. I have noticed that I am not getting in these stocks during the 1st hour and then I am stuck the rest of the day watching stocks that are hardly moving. I will try to play my hardest the 1st hour of the day to get in at an entry point and that way I only have to watch the stock the rest of the day.

Keep an eye open for the next APS pick! Happy Trading!