STOCKS TO WATCH – GRPN, IMPV

 

GRPN, IMPV, JPM, CLWR


Groupon (GRPN:NYSE) Despite the drama concerning the company’s financials, Groupon hasn’t turned into the next Pandora (P:NYSE) IPO bust just yet. Although shares have closed at their lowest point since the offering, today’s down market might have something to do with it. A bounce tomorrow might cause some naked shorts to cover, or some bottom fishers to actually fish. Today’s low of $22.76 could be used as a guide for support.

Imperva (IMPV:NASDAQ) IMPV was viewed as a flat to up slightly deal by some IPO services as recently as October. However, the interest heated up massively in the last week or so. IMPV was priced at $18, well above it’s expected range. My sense tells me if the broader averages did better today, this small float deal would have really ripped. Keep IMPV on you list of stocks for the near term.

JP Morgan (JPM:NYSE) As many of our followers know, we highlight JPM frequently because of it’s bell weather status. Today’s move of down more than 7% looks disturbing on the surface, but the volume, although heavy wasn’t overwhelming. Use the $31 area as support for now if long.

Clearwire (CLWR:NASDAQ) Seems to be back in the doldrums again. How many times do low priced NASDAQ spec traders need to be whipsawed in this name ? Shares of CLWR are at a critical point here, and a hold of the low $1.70′s could cause some of the cult buyers to average in.

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STOCKS TO WATCH – MCP, CLWR

 

NFLX, MCP, GS, NYX, CLWR


Netflix (NFLX:NASDAQ) As of this morning, shares of NFLX are rallying on the open, despite the broader averages being down sharply. It might not be time to act yet, but keep in mind that NFLX was over $300 this past summer. There does seem to be several layers of support in the low $100 range.

Molycorp (MCP:NYSE) Many were predicting a bubble in the space, but many thought it would come at higher prices. MCP remains a tremendous trading stock despite pricing pressure. There seems to be some support in the $30ish range.

Goldman Sachs (GS:NYSE) There is an opinion out there that if you believe in America, you buy stocks like GS when they are beaten up. Well if you like the financials, GS might be your play. However, the stock could be in trouble if it breaks the $86 range.

NYSE Euronext (NYX:NYSE) As most know, exchanges are super market sensitive in market declines. Just keep in mind that this merger stock is still paying more than a 4% yield. John Paulson also has a stake in the name.

Clearwire (CLWR:NASDAQ) We frequently touch on CLWR and have not been fans of the name. Even after the Sprint (S:NYSE) related hype came in. But right now, CLWR has and upside gap to fill at $2.30, and the company does have a cult like following of low priced bottom fishers. Use the $2 level as a gauge for support in case the is a run on stop orders.

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Stocks to Watch for Tuesday NFLX, GERS

AAPL, NUSMF, NFLX, TSLA, GERS


AT&T (T:NYSE) Do shares of T become an Apple Computer (AAPL:NASDAQ) sympathy play ? Well it sure looks like they could be, especially after a story broke that they are preparing their employees for the fall launch of the 5th generation IPhone. Bulls should remember that thick, listed stocks like T tend to draw in new and even conservative buyers when a sexy event like this occurs. Add T to your list of NYSE stocks.

Nautilus Minerals (NUSMF:PK) Shares of this Porter Stansberry play are currently in a mild bullish uptrend. However, NUSMF is a pink sheets name and there is currently a double top formation in place to cause some resistance. Just remember that Stansberry Research has a huge following and NUSMF does have a compelling story. Still, it might be best to let shares break out before acting.

Netflix (NFLX:NASDAQ) NFLX stock seemed to crap out today due to rising costs. They even mentioned that they were not bidding for Hulu. Is this the day that bears have been waiting for ? There is smart money on both sides, but NFLX also mentioned that they will lose subscribers with their new price hikes. The $250 handle seems to be in play, but there is some support in the low $240′s. Remember that the NFLX conference call has really never been conducted in a shareholder friendly fashion.

Tesla Motors (TSLA:NASDAQ) Considering the broader markets, shares had a decent day on the heels of Walgreen’s (WAG:NYSE) announcement of installing EV chargers at 800 stores. Shares of Tesla are heavily shorted and and future green car friendly PR’s might make bears a little more likely to cover their positions.

Greenshift Corporation (GERS:OB) Shares of GERS doubled today with strong volume on news of a corn oil extraction patent. Sub penny stocks like GERS can often move on much less positive news than we saw today. This PR isn’t an immediate revenue producer, but it looks like penny scalpers may have some fun trading GERS for near future. Add GERS to your sub penny stock list, regardless of your bias.

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Stocks to Watch GGRI, LEXG

KKD, JPM, GGRI, MMI, LEXG


Here is a list of stocks to watch that ranges from penny stocks to blue chips. The names and symbols are listed below:

Krispy Kreme (KKD:NYSE) We mention KKD again because of the potential of the Dunkin Brands IPO to be priced in the near future. Today, KKD rallied early in the day only to fall back and close lower. The $10 psyche number seems to be the short term line in the sand.

JP Morgan (JPM:NYSE) Has Jamie Dimon lost his luster ? Not too long ago, JPM was one of the two or three stocks that lead the financial sector. Now, shares of JPM look incredibly weak and are in a short term downtrend. Although there is some support near the $40 level.

Greenwood Gold Resources (GGRI.OB) Shares of GGRI have recently been a top performing gold mining penny stock. Shares sold off today on what some could assume to be profit taking. However, GGRI did stage a rally in after hours trading. Regardless of your bias, add GGRI to your penny stock list.

Motorola (MMI:NYSE) Some are predicting that MMI is turning into the next Palm or Nortel (NOR:NYSE). Sentiment is obviously negative on MMI, but they do have a competent management team and there is some support in the $22 area. It’s still best to stay away from MMI, especially if you are a long.

Lithium Exploration Group (LEXG:OB) Shares of LEXG are essentially a trading vehicle. Although, there are some signs of a short term bottom being put in. LEXG could continue to be a favorite of penny stock scalpers because of it’s respectable liquidity and following. It’s probably;y best to stay away unless you are day trading. Remember, naked shorts are still looming.

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Stock to Watch for Friday KKD, GTXO

KKD, GTXO, MSFT, GLD, WAMUQ


Krispy Kreme Doughnuts (KKD:NYSE) We have been mentioning this name as a sympathy play because of the upcoming Dunkin Brands IPO. We also pointed out a couple days back that KKD really didn’t set it’s new high on strong volume. KKD now needs a strong bounce off of this pullback to prove itself to chartists.

GTX Corp. (GTXO.OB) This GPS technoligies penny stock play has something that you very rarely see in bulletin board and pink sheets stocks. It’s called insider buying. While the size of the dollar amounts are not staggering, it does open the eyes of some longs. Add GTXO to your penny stock list.

Microsoft (MSFT:NASDAQ) MSFT had a decent day on Thursday, but closed with a double top. MSFT is a money making machine, but as far as tech stocks go, it remains in the shadow of Apple Computer (AAPL:NASDAQ). Other than the dividend, it’s just hard to get excited about MSFT unless it breaks the 52 week high.

SPDR Gold Trust (GLD:NYSE) The end of QE2 may shake up even the most loyal GLD longs. Oil underperforming doesn’t help the yellow precious metal either. Let’s see if GLD can defend the support area near $145 on Friday. But remember, the shorts could cash in the chips before the long weekend.

Washington Mutual (WAMUQ.PK) As many of our followers know, we often touch on WAMUQ because of it’s Zombie Stock status and it’s cult like message board following. WAMUQ is traded heavily by penny stock scalpers, and recently the shares have not been able to test the short term highs of last month. For current longs, there seems to be minor support at .12 cents and stronger in the .11 cent area.


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