Only One Swine Flu Stock On The Deans List Today
April 29th, 2009 at 2:23 am Posted by The Dean
LNET is up about 28% since being one of The Dean’s Trades on 4/23 and it’s at an important technical level. It has lots of resistance dating back to August 2008 (notice the sideways price action) and if it can break out above this resistance it could quickly pop to $5-$6.
ONTY was the perfect shorting opportunity earlier today and luckily it rebounded nicely, setting up for another perfect shorting opportunity! Today’s sell-off has probably spooked a lot of investors so I expect tomorrow to be a prime day for short sellers.
EVII is being promoted by a few powerful penny stock promoters including 24-7stockalert.net, stockpreacher.com, hototc.com and stockegg.com. The Dean always follows stock promotions by these groups and may go long if it doesn’t gap up.
DDRX finally showed signs of weakness today and I’m anticipating a big sell-off soon. The stock is up 1,633% during the past month and despite the fact that they posted an impressive quarterly net income- 1,633% in a month isn’t sustainable. This is my #1 potential short.
MDOR is up 400% over the past month and all the signs indicate that it will make an excellent short once it shows some weakness. The insiders are dumping, they’ve received financing on terrible terms and illegal stock promotion is taking place by NYTimesReport.com (FYI see my blog about NYTimesReport HERE).
NVAX is the top performing swine flu play on The Dean’s List of swine flu stocks and is up 293% since 4/23. This could go higher but it’s not worth the risk. I will short NVAX once it: (a) gaps up a lot, (b) spikes intra-day due to short squeeze or (c) closes down for the day and fails to show strength the following morning.
MNTG closed up nicely and the only information I can find is a Form 13G filing confirms that Private Management Group, Inc. now owns 4.98% of the shares outstanding. They know something we don’t know and I expect MNTG to trend higher into their 5/7/09 earnings announcement.
Great post, I think NVAX has solid support at the $2.50 level.
If the $3.88 high from Monday is broken, NVAX could probably trade up to around $4.50, and I think there’s a major resisitance level there.
Dean, what do you think about NVAX?