Watchlist 10-29-12

Tomorrow is probably going to be a slow day so not many stocks will be on watchlist.   Something i have seen on slow days there is always 1 stock that everyone plays. 1 that hasn't made a move in a while or 1 thats breaking out and it becomes the momo stock.  could possibly be GALE pending a breakout


ANTS- Ants Software (OTC)  - As stated on watchlist a week ago ANTS is holding .018-.02. This is a very thin stock and doesn't trade much volume.  We broke and closed above .024 as stated.  going foward i want to see this hold that level.  Targets would be .03 break .04 .06.  This could really speed up and possibly have a .10 test if volume flows in.

AZFL - Amazonas Florestal -  Sudden volume spike 2 days ago.  its currently up trending  Tomorrow i want to see hold .06 and break .07.  I took a small starter position with a stop .05.

GALE- Galena Biopharma  -  2.20 break tomorrow with volume we could see a 2.50 test.   We closed at the highs which is the best close in months.  support 2.07-2.10  

OCZ-  OCZ technology Group inc.   -  watch this one for a bottom bounce and a possibly swing to 1.50-2 .  If we hold 1.30 and break 1.40 we could have a nice squeeze for a couple days.

OPTIONS

GMCR- Green Mountain Coffee, Inc.    Really liking this setup for a 28-30 test near term.   Solid break and hold above 25 will send this.  Earnings in a month shorts may want to cover.  Also SBUX reports Thursday after close 11/1/12.  If they beat this will also fuel GMCR to head higher.  It could also go down if they do not beat.   Im looking at monthly calls for swing.   want to see 23.90-24 hold for tomorrow.

FB- Facebook, Inc  - i am short bias it has just sold off after earnings gap up. 230 million shares will be unlocked for insiders to start selling monday.   Watch volume price action i expect a gap fill to $20. 22.50 i want to see this stay below.

 Remember this is just a watchlist and do not guarantee to be profitable trades. Use your own judgment when making the trade.