Watchlist for 1-20-2016 – $NXTD, $BSI, $NHTC, $FIT, $LPTH – Some great advice from @investorslive

Today’s Watchlist

Veeeeery quiet on the scans this morning. Market was down huge overnight, little bounce right now (5AM) but I’m thinking thats only temporary. Of course I’m sure any reader of this blog knows I’m pretty much a perma bear. Good though not great trade yesterday. Waited for my entry, used patience and really the only mistake was taking too quick of profits. But then left with my “meat of the move” for the day and moved on. No pressing/boredom trades for me in this market.

Great advice/commentary from Nate @investorslive :

“I noticed a lot more people on twitter saying “I’m tired of twitter idiots I’m not going to be posting as much” (this means I don’t wan to admit it but I’m losing and taking a break to replenish just don’t want to admit it I’ve seen it over the year so many times) — I don’t think there’s any better sign of the times right now than these actions. Things are getting scary out there, people are feeling it who are unprepared, over staying and not sticking to plans. This is just the start. Stay safe out there.”

Today’s List: Full list from Yahoo Finance

Nxt-ID, Inc. (NXTD) -NasdaqCM

Really like this setup, but EVERYBODY is all over shorting this, so I’ll only trade it much higher. Ideally a weak open to draw in more chasers then a big move to the upside for entry.

NXTD

Alon Blue Square Israel Ltd (BSI) -NYSE

On to day 3+ on this, I’m starting to get much more aggressive.

Target: $6.00

BSI

Natural Health Trends Corp. (NHTC) -NasdaqCM

Surprised this has not fell apart yet, but probably just early shorts trying to be paitient off of the hit piece. REALLY hoping for a spike to get short. Though I won’t chase down here, its choppy now and will be an attention whore if you don’t have a solid entry.

NHTC

Fitbit Inc. (FIT) -NYSE

Waiting for this to get “GoPro’d” watching pops for a swing short.

FIT

LightPath Technologies, Inc. (LPTH) -NasdaqCM

Target: $3.40

LPTH

3 thoughts on “Watchlist for 1-20-2016 – $NXTD, $BSI, $NHTC, $FIT, $LPTH – Some great advice from @investorslive”

  1. Well I never traded $BSI but when I say “getting more aggressive” that would mean I would be more likely to chase as opposed to wait for pops and add more size.

  2. I found myself long overnight looking to sell at the next day am spike and burned by a drop. Still holding looking to exit…

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