Wednesday, February 17, 2010

Watchers for the 2-17-10 trading session

RNN

New supernovae. Looking to short on available shares. Do not be surprised if it finishes green, though.

XCHO

Old supernovae. Printing a daily doji, the end might be at hand this session. Find shares to short, if you can.

PIR

Breakout that I hope pulls back closer to 6 so I can get another chance to enter long.

HUSA

Nice launch north from 8.50ish resistance, I see more upside potential perhaps.

CPSL

Earnings winner I am observing for more gains to enter long.

AENY

Looking for shorting shares in premarket at IB as there may be more downside left and morning panic in store. If you have Think or Swim, reserve some at the crack of dawn just in case!

PSID

This was being promoted recently as having momentum. By the looks of its daily doji, maybe not. Short bait.

QMM

Watching for a break of 2 for more upside, or a profit taking dump on a fail there for an easy short.

NENG

Nice clear of resistance in the low 1.70s, but lame volume in doing so. Might continue going up I but want a trip back under that new support to short a failed breakout.

GNXP

The chart suggests this must die soon, but be careful, as this is being actively pumped some argue, so it might not yet be done. I will look to short on a gap down and weakness or onset dumping.

TSHO

Still watching the dying momentum, hoping for an eventual crash. Open short (paper) which will either pan out to cover or face additional squeezing ahead of their 2-22-10 product release promotion.

NLS

Took out 2.90 the other day & kept running on 2-16-10. It might keep going as it nears 52s. 5 straight up sessions means it could also fail, in which case I will look to short any signs of weakness on the 17th.


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