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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