Stock Scan 20 Sept 2012

PNGM – Huge news out overnight. Prominent Wall Street Bankers James Russell Securities initiated coverage on PNGM with a $0.37 price target. On watch for some volume to come in here.

ANTS – Got the pullback we expected yesterday – watching to see if it continues to sell down, or get the bounce.

HLNT – Nice uptrending chart, play the percentages here and buy the dip or the into the rip – be careful of fake breakouts.

EMPM – Still on watch. Light volume day yesterday… Will be watching this one for the next week or so to see if there is more interest to come in.

PEIX – $0.50 is the key level to watch for support now. Potential buy if this level holds – wouldn’t be surprised to see it eventually test $1 in the coming days/weeks.

LPR – nice looking chart here coming off the bottom – should retest recent support around $2 in the coming days/ weeks

GOK – Nice day yesterday, broke through short term resistance of $0.50 – on watch to see if it can test $1

ANTH – Could pull back soon, but keep one eye out on for test of $1.75ish

AONE – Long term swing play here. Looks like it might have support around $0.25 and we should look for it to test primary resistance of $0.75 in coming weeks.

ATPAQ – Bankruptcy squeeze play – DO NOT hold these stocks, they are in bankruptcy and almost never come out of bankruptcy in its existing form. Potential to  play the momo though – careful of quick sell off.