STOCKS TO WATCH – RAYS, AAPL

 

RAYS, AAPL, TQNT, GOOG, JPM


Raystream (RAYS:OB) RAYS is currently flat in what seems to be the fifth day of the promo. The volume is a little lighter than we have seen this week, which may be a surprise to some because of RAYS massive promo budget. It’s hard to give technical reads on such a young chart, but use $1.36 as a support level for now. Keep RAYS on your penny stock list.

Apple Computer (AAPL:NASDAQ) We highlighted the fact that a run might be made on AAPL‘s buy stops at the $400 level when the stock was much lower. It seems now that the longs have the advantage, and Wall St. has more confidence in the company’s transition from Steve Jobs’s unfortunate death. Just remember that a double top has formed on the daily charts.

Triquent Semiconductor (TQNT:NASDAQ) Steve Najarian recommended going long TQNT @ $7 at lunch on CNBC. TQNT is a great way to play AAPL if you have limited funds. A decent day on Monday could easily cause TQNT to test it’s Friday high of $7.76. Traders often have so much going on that they forget to follow AAPL sympathy plays until it’s too late. Always keep TQNT on your list of stocks if you are one of those types who religiously follow AAPL.

Google (GOOG:NASDAQ) On the daily charts, GOOG broke out today after strong earnings. Even naysayers and bears have to respect today’s move. However, there is still a downside gap to be filled @ $559.00. On the flip side, a few upgrades from the major firms could lead to a test of the $600 level.

JP Morgan (JPM:NYSE) I just want to touch on JPM because it looks so weak on an up day for the broader averages. Keep in mind that it’s difficult for the market to move higher if the banks don’t participate. A break of $30.92 signals a lower low, and could foreshadow a retest of our recent Dow and SPY lows.

More Penny Stock News, IPO Updates and Stock Market Research.




 

 

Get STOCKS TO WATCH Updates from our FREE eMail List

2:55 pm | | Tags: , , , , , | No Comments »

RAYSTREAM (RAYS:OB) THE NEXT LEXG?

 Raystream Stock Soaring

RAYS.OB RAYSTREAM (RAYS:OB) THE NEXT LEXG?
Raystream (RAYS:OB) is an interesting play, despite it’s extremely young chart. RAYS has only showed legitimate volume for roughly a week, but some in the penny stock community are already anointing it the next Lithium Exploration Group (LEXG.OB). There are rumors that the same players are behind both deals, but for now it might be best to watch the tape action on Raystream for the next few sessions.

 For those of you who are unfamiliar with the LEXG reference, let me give you a few blurbs of information. Although LEXG proved to be little more than a lithium shell company, with some very fluffy PR’s, shares exploded to the upside and provided savvy investors with access to what proved to be one of the greatest trading vehicles in the last few years. However, those longs who were once green on the rade and others who bought at the top were smashed. Both quickly and violently

 

Raystream on the Forefront

 Now let me give you a few details on Raystream. They company has it’s headquarters in Dallas,Texas and is in the business of bringing a proprietary video compression technology to individuals and businesses. The goal of RAYS is to decrease bandwidth use and to maximize speed in regards to online streaming.

 

 On a fundamental basis, shares of Raystream do look a little expensive. The market cap is roughly $78million and they only have a little more than $2million in cash with slightly more in debt. So keep in mind that a double from these levels puts the company in the valuation neighborhood that small caps with earnings and revenue growth usually reside. RAYS has neither at this point.

 

 Does that mean Raystream can’t work for penny stock longs ? Absolutely not. Those who followed our LEXG profiles and alerts were put in a position to do well, and those who used the name purely as a trading vehicle were rewarded handsomely. You should use the same short term philosophy with Raystream if you happen to decide to go long.

 

 From a trading perspective, on it’s first day of the recent run, Raystream traded at a low of $1.05 four sessions ago. Today shares hit $1.70, and closed at $1.627 to show a small gain for the day. However, the dollar volume was impressive, eclipsing $5.8million which is enormous for any penny stock.

 

 So at this point, even though we generally give support and resistance levels on most names, you have to throw the charts out the window with Raystream, and to some degree fly blind. If a massive promotion begins and the same cast of characters from LEXG is behind RAYS, then you could see a nice trading vehicle emerge. If not, you could be looking at a dead penny stock for a long time. So watch the PR’s and more importantly the volume, and add Raystream (RAYS:OB) to your penny stock list for the time being.

 

More Penny Stock News, IPO Updates and Stock Market Research.

Get RAYSTREAM Updates from our FREE eMail List

5:46 pm | | Tags: , , , | No Comments »

STOCK ALERTS – RAYS, AAPL

 

RAYS, AAPL, NWS, INTC


Raystream (RAYS:OB) Raystream is being talked about by some in the penny stock community as being the next Lithium Exploration Group (LEXG:OB). At this point the stock is up 10% and if the rumors about a strong promo campaign are true, then RAYS could become a frequent member of many Stocks to Watch lists. At this point add RAYS to your penny stock list but, be cautious because of the underlying fundamentals.

Apple Computer (AAPL:NASDAQ) We highlighted the potential of AAPL squeezing shorts and triggering buy stop orders at the $400 level in an earlier entry, and it happened today. However, don’t confuse the recent bounce with a sustained rally. There are still gaps for AAPL to fill on the downside.

News Corp. (NWS:NASDAQ) NWS has done surprisingly well on a relative basis with all of the recent negative news flow regarding their recent scandal. If you have a long bias, use $16.30 as a read for support. However, the Wall St. protesters probably won’t help Murdoch’s situation much.

Intel (INTC:NYSE) Thus old stodgy large cap tech name might be coming back into play. INTC seems to be gaining on the chatter side in the message board community, but many of these hot money traders don’t realize is that INTC has a yield of slightly almost 4 percent. The rumors of an InterDigital (IDCC:NASDAQ) takeover also seem to be drawing attention to this name. Use $20.62 as support if you have a long bias.

More Penny Stock News, IPO Updates and Stock Market Research.




 

 

Get STOCK ALERTS Updates from our FREE eMail List

3:08 pm | | Tags: , , , , | No Comments »