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REE is the Small Cap Stock Pick you need to see!

Aug 31, 2010 Bullish Stock Charts, Small Cap Stock Picks Comments

Small Cap Stock Pick: REE

Despite stocks hitting new lows across the board. Some are making new highs with some very impressive breakouts in play. Just like our new trade opened in VHC yesterday. REE broke out today as well to new all time highs forming a very bullish trade set up and that could result in some high profits if we can get a follow through on the breakout into the next couple days and price holds above support.

REE posted record volume today on the all time high breakout so the volume is pushing strong and momentum looks very bullish heading into tomorrows session. Need to keep stops tight though as breakout follow ups have been hard to come by in 2010.

I entered long @ 4.44 today yet alerted the stock first early in the morning chat about the potential while it was in the 4.20’s. Price rose as high as 4.73 during the session. I think we could see 5+ in in the coming sessions. First off need to hold up above breakout support though and see more buying pressure into tomorrow.

Bullish Stock Chart: REE is up 2.5% in ah trading

VHC stock chart:

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Took a Hard hit and Sold PCBC for a $10,000 Loss. But we Live to fight another day!

Aug 27, 2010 Small Cap Stock Picks Comments

An unfortunate turn of events we had to suffer today with PCBC. The chart was in full force heading into todays session. I was either gonna buy in on the breakout and sell into the strength during the day or sell in the 1.50’s if we started to breakdown today. Instead … On no “new” news the stock plummeted all the way down to the .40’s during pre-market and rallied back to 1 in the morning. Ended up selling a once significant gain for about a $10,000 loss @ .86. But.. This is the market. And tomorrow is another day. This happened to us last year with CIT when we were up nicely on out position with a perfect chart setup breakout and the next morning the stock gapped down huge and sold for a monster loss.

You can see here im pumped about the position in the blog post the day before the meltdown we suffered on CIT. Just like what happened here with PCBC today.

But the rumors are still in play and the chart rallied once again to breakout of an intraday chart pattern where i initiated a day trade @ 1.88. Then as CIT began breaking above $2/share i knew it was on and i alerted the Black Service crew that i bought another position for the portfolio @ 2.05. CIT exploded into the close ending the day @ 2.20 where i’m holding this position over night. I took some big profits with my day trade and sold @ 2.18 from 1.88.

The next day CIT pre-market on news and i sold a once solid gain for 36% loss in the 1.30’s which was very painful. The important thing to know here is not to get too discouraged. Don’t get me wrong this completely ruined my fuckin day and i’m livid about it as we were banking HUGE on this and if only we could have just sold for the profit the day before, which some members did thankfully! Or for that matter why the hell did price drop to the .40’s premarket with out even a PR to give way to the drop. Now to dig ourselves out of this whole it is important to maintain rational thinking. keep focused on your trading strategy and don’t get caught in the deadly cycle of revenge trading where you start swinging for the fences hoping for that homerun and forget about sound trading, discipline, and diversification. Unless you get lucky, you’re probably gonna continue digging your hole deeper. Anyways we recovered from our loss on CIT and profited greatly into the year. I’m confident we will do the same as we press on into the year and make back our coin on the PCBC loss.

Long PCBC @ 1.08 and 1.37… Sold @ .86.. BOO YAH!

$PCBC is a BUY if we Breakout from 1.66 Tomorrow

Aug 25, 2010 Bullish Stock Charts Comments

PCBC has been forming some really great intraday triangle set ups that ive been buying into and profiting huge on. Looking @ the latest consolidation formed today we are setting up for yet another big possible run. Todays breakout on the daily chart suggests a big possible continuation upwards near 2 resistance.

If we look @ the intraday chart we can see the consolidations that i bought into the first 2 time. With this daily chart bull signal its very possible that we could see a continuation into tomorrow. The intraday chart shows us a buy signal if price can breakout above the 1.66 neckline resistance  triangle pattern. I’ll likely be adding to the position for a 3rd time if we breakout tomorrow. It will probably happen, the market formed a bullish hammer candle and is way oversold. Its due for a technical bounce which will add to the bull power of PCBC on Thursday. Guess we will see how the trade goes tomorrow price is currently up to 1.66 in after hours trading as we closed @ 1.61.

Bullish Stock Chart:

You got the Balls to Call the Bottom on $CALL ? What about $ITT?

Aug 25, 2010 Bullish Stock Charts, Small Cap Stock Picks Comments

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CALL has been a heavy mover which can easily move 2-5 dollars/session allowing for some heavy gains if you can play with say 1000 shares or more. I was looking for the bottom around 30 and im calling the bottom in today as i alerted the crew i opened a position @ 29.15… This stock is risky as fuck don’t get me wrong. As soon as i bought it the stock dropped near 27.50 in seconds putting me in a heavy loss. CALL quickly found its footing though and is now sitting @ $30/share. CALL could easily continue the slide tomorrow so i don’t want to risk much i have a very tight stop for around break even going into the close. But if this rebounds we could see a 2-5 bounce in the near term for us to profit on.

Bullish Stock Chart:

Stock Pick:ITT

ITT is in a descending wedge pattern sitting @ a very strong descending support level in which usually succeeds a strong bounce. I picked up some shares today @ 42.74 as an unofficial alert looking for this to bounce with the general market. Lets see what its got.

Bullish Stock Chart:

Black Service Crew is UP 50% and 17% on our Buys in $PCBC

Aug 25, 2010 Bullish Stock Charts, Small Cap Stock Picks Comments

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Small Cap Stock Pick:PCBC

Ive been ranting about the momentum in PCBC all week as this first broke out back above 1/share. We entered long @ 1.08 and now price is sitting in the 1.60’s posting us a 50% gain on our initial position. I stopped out of a second position early this morning but noted it was a buy again if we brokeout above 1.37. Shortly after price showed strength as the market rebounded and PCBC blew past 1.37 which triggered a huge breakout pattern which could push this up to $2/share in my opinion. Looking for a big continuation into tomorrow. If the market bounces tomorrow i think we will get that strength we need for a continuation.

Bullish Stock Chart:

4 Small Cap Stock Picks you Should Be Looking at! ZAGG, PCBC, RPRX, PRXI

Aug 24, 2010 Bullish Stock Charts, Small Cap Stock Picks Comments

Small Cap Stock Pick: ZAGG

We were just holding ZAGG not too long ago but we got stopped out on the bearish volatility. Today we finally got some very strong momentum going into the stock on big volume which broke a very significant resistance level that signifies a potentially large continuation here on this stock. My initial profit target here is around 4.50. I alerted the Black Service crew that i took up a long position @ 3.46. Price is currently @ 3.71 as we head into the close.

Bullish Stock Chart:

Small Cap Stock Pick: PCBC

PCBC made a solid rebound after its latest push above 1 where we had been talking about it frequently in the chat room. I finally jumped onboard @ 1.08 on monday while i was in mexico and we then saw a huge rally into the close up into the 1.30’s. I bought more PCBC today @ 1.30 as i think this could pop to 1.50-2/share if we can get a breakout above the long term resistance here.

Currently up 21% on our first position @ 1.08

Bullish Stock Chart:

RPRX and PRXI are also two very speculative penny stock plays with developing bullish stock charts that have some strong potential for continuations. I don’t have positions in either of these stocks but definitely have them on my watch list. I almost pulled the trigger on RPRX @ .54 today but wimped out.. oh well… woulda shoulda coulda!