Watchlist for 11th of July

Hei guys!
I was looking at the stock market yesterday, but did not catch any serious waves despite the action in CYNK. The stock trades really randomly, which is why I don't like to bet on it.

Overall this week has been quite profitable, looks like it is going to be a 10 000$+ month if the volatility in penny stocks continues.

For the stocks to watch:
CRMB - the crumb's bake shop is back in play. Whenever volatility comes into a stock, you need to keep an eye on it. Not sure what it'll do next, but will look to go long or short if the price action should give me any tips.

CYNK - continues to be super sketchy. I would like to short it, but it can keep running just as it did on wednesday, when I was looking to short it. Luckily I did not get any shares to short, otherwise would have been a -5% (that is my stop loss 95% of the time). PS! Using stoplosses I think is one of the main reasons I became profitable.

CBDS - is back to near 10 and managed to cross the 10 level on Wednesday. Still it closed under 10 yesterday. I am seeing this as a sign of weakness, but the main magnet is the 10,0$ price level. If it can go pass that and through the previous high of 11, I will go long, but more likely it is going to fall again. Am looking to make 10-15% from a price collapse.

WSTI - seems like the big moves are behind us and now you are lucky to catch 10%, which is still good for me. Only thing is you need to know which direction. The stock has risen for some days now, I am looking to go long, but the 1,00 price level is again something to keep an eye on. Will it go through and continue to rise or go through and start falling lower afterwards or fall straight away from the open. These are the 3 main scenarios, which can all yield 10%, but you need to recognise the pattern soon enough.

QTMM - the stock is up on IBM investing 3bil into relative technology. May keep running or retrace, either way it is worth to keep QTMM in your watch list.

That's it for today. Keep an eye out for stocks that are on the move, cause these are the stocks that will make you bank :)

Also visit me website @ http://www.jonhsdaytrades.com

Profitable trading!

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