CIE
Cobalt International Energy, Inc. (CIE) was a major play in my watchlist today, even though I got too impatient and took my profits quickly. The news have been overwhelming from big names such as Forbes, which potentially adds more liquidity to a stock that has broken it’s previous high. Hopefully it cracks 16 for another potential long.

PCYC
Pharmacyclics Inc. (PCYC) was on my watchlist yesterday but didn’t end up playing it. Suggested by InvestorsLive on a possible short opportunity in the $16 range for the market open.

BTX
BioTime, Inc. (BTX) showed great buying momentum today. The hammer-like candlestick means it closed near it’s highs, but also a weakness from the previous momentum. Seeing how it tests the $16 range. Possible afternoon fade.

HERO
Cracked the previous high. Potential long, aiming for .50 cents if it decides to test resistance again at $4.85.

EP
Lot’s of hedge funds are bullish on this stock. Might ride the way up when it pops resistance or on the way down if it fails the third test. Probably won’t play it.

A lot has happened these past few weeks. I continue to plan ahead and prepare for the months to come. I recently just started watching the DVD collection by Timothy Sykes (one of my favorite traders) and there has been so much learning going on. Today I managed to finish the Pennystocking DVD while jotting down a couple pages of notes. Tonight I spent some time creating a watchlist for tomorrow. There were a lot of technical stocks I didn’t mention, but I don’t want to go hardcore just yet. I just want but to scratch the surface and get a feel for it.

ISTA
This company has been experiencing a hostile bid from Valeant Pharmaceuticals (VRX) for a while now, resulting in high volatility and liquidity. However, the company announced a $314 million rejection that still remains after the market closed on Friday. The offer will only remain in effect until Jan. 31st as stated by Valeant. A shareholder meeting taking place Jan. 12 and ISTA’s expectations of being a $1 billion pharmaceutical specialty firm could potentially keep stockholders in their positions. The increasingly message board and social media hype has made this stock one of the most to look for once the market opens on Monday. A potential buy if it cracks the 8 dollar resistance level, at which can surge much higher. A potential short early in the market open if it experiences a morning panic due to the acquisition rejection that has left mixed feelings during the weekend. Watching closely for consolidation and afternoon fade.

CIE
Shares up 23% after extending a rig lease to Diamond Offshore (DO). A potential long oil play after a breakout at 11.50. Commodity futures down 1% for Monday, which doesn’t concern me.

GRO
A technical breakout can be around the corner if the stock breaks the 1.50 resistance. Not very volatile in price, therefore not looking for much potential return. Almost no message board hype. Scalping at best.

RRR
Gradual stair-stepper pattern and potential long as it continues to make higher highs. Gapped-up ridiculously with a surge in volume last trading day with A LOT of news coverage.

View the full EK chart at Wikinvest

We are going to start things off with Eastman Kodak EK who is contemplating on whether to sell their online photo-sharing business known as Kodak Gallery in efforts to evade potential bankruptcy. It has been noted that private-equity firms and retailers are looking into buying Kodak Gallery. The sale could potentially net “hundreds of millions of dollars” according to anonymous sources. Shares were up to 5.9% to $1.26.

Next up is Nike

View the full NKE chart at Wikinvest

Moving on, Mentor Graphics Corp.’s MENT fiscal third-quarter profit rose to a high of 58%. The chip-design software company experienced a major increase in not only revenue, but bookings as well. During this period, shares rose 3.4% to $11.80.

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