Monday, August 25, 2008

Monday 8/25/08

Decent day for the watchlist:

SQNM: Finished up around 6%, but more importantly closed above $22.  Stalled at $23, but that's ok because it was already up around 8% at that point.  Plus it gives me an opportunity to get in tomorrow when I have settled funds!  Volume was decent relative to the rest of the market, but average for SQNM despite being higher than it has been in a couple weeks.  I think it's safe to get in on this one and hold for a few weeks leading to the R&D meeting/catalyst on Sept.23 but keep a close eye on it.

DAIO:  Down today.  Not even worth looking at until it crosses $7.

NABI:  Looks like $6 is going to be resistance... may consolidate for a few days, but keep a watch on it.  Potential buy if it breaks $6.

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