LVS has been absolutely oversold again yesterday and is not of any concerns to me toady. Thanks to profit taker, it lost half of previous gains. Today should be the opposite. Expect a run up over 0,50 and it should test again the 17$ resistance. I still expect IPO announce later this month and price target of 75$ end of this year due to enthousiastic investors. Remember this was the leading star in casino business and will get back as number 1. I also think that there is a war between WYNN and LVS to be the first gaining listing on Honk Kong exchange. Early bird will get more $$$ per share.
DAN Is still acting as mentionned. Today an upswing is forecasted and will probably touch the 6$ barrier. This is where it will become either a major gainer or ready for a severe correction. Check for big lots to be sold today. If it does not happen and gets over 5,97$ on good volume over 2M shares then his technical analysis will change from a head and shoulder figure to what I call a John Travolta one (remember Satuday Night Fever with hand pointing to the sky) and will shout for 8$ to 8,50$ before any major correction.
NRI is getting pressured from profit maker. Remember that in the case of a micro corp (penny stock) profit is taken more rapidly than any mid size or large size corporation. Many investors sees 20% gain as very interesting. So, it was recently at 0,34$ + 20% means around 0,37$ and this is exactly what is happening. BUT those who bought at 0,37$ are now looking at 0,41$ to sell. This explain why penny stock are most of the time trading small steps at the time. (except in the case of major news). I still expect 0,37 to 0,38 for today and another step forward before tuesday.
PXLW is now hard to predict. But based on wave principle, it is due for another ride up today but maybe a bit less convicting. Going up to 4,25 would not be too surprising and then it will make a move on the correction side (in this case expect 3,25 to 3,50 )before moving up again. If it goes over 4,35$, than expect another great day to end up 4,60$. There are no bad news hitting this stock and fundamentals are really good. This is a winner that i would stick with for a long time but still playing it carefully by taking some profit and buying on tip.
Nothing major regardint the other sotcks already discussed but be extremely carefull. If there are some profit to be taken, go ahead because when market do not over react to good news as this week (there were many good news) it may sounds like something is brewing for end of day today or beginning of next week. It will not be crash like but still expect a 7-10% correction. If you have taken your profits, stay on the side line for a moment and get rady to scoop some real cheap stock soon. Remeber when market goes to correction mode, intra day figures will be worst than the 7-10% correction before market reacts. I personnally think it could hit 15% probably the second day (panic selling) of the correction and then will rebound from the bottom. After 1-2 days, then the market will be ready on solid bases to depart for another superb end of month.
Enjoy the show, and get ready for 2 new sotcks this week-end.
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