Wednesday, February 17, 2010

Watchers for the 2-18-10 trading session

PACR

Earnings winner real stock has more upside potential tomorrow. Above recent 3.66 resistance. Long only if an entry presents itself, but I want to see early strength.

UCTT

Similar to above, a continuation of today's breakout is possible, especially if it can take out 9 and hold. Long. This will really have to reverse to be considered from the other side.

AENY

This was a great afternoon collapse that I tried to enter @ 4.60ish, which tanked some more at open, then bounced nicely. I would have covered early into today's session, but Timothy Sykes is holding from the same level for another test of downside which can extend into the 3's, so  I am watching this choppy, manipulated stock. I doubt I will find shares on any new tank fests, though. Long is not in the cards for me.

SIRI

Watching for more upside, but its getting overextended and will look to short on weakness.

LZB

Nice chart since the March 2009 lows! Watching for more upside first but will short the over extension, too.

RNN

First down day of the Supernovae, but may have more downside to go if you can find shares.  XCHO, its twin, saw too much downside today for similar consideration, but you never know. ALFSS!

PIR

Notoriously choppy stock had its first down close in a while. Strong support around 6, just like today a pullback on lighter volume presents an opportunity to re-enter the breakout long if it bounces off 6 upwards.

HUSA

Amazing chart! This is getting a bit tired, though. I like it long, and must see real weakening to go short. I would like it to be uniformly strong out of the gate to enter. Short only big spikes in the A.M. or fading in the afternoon.

PERY

Real stock and pricey, but it took out 2 resistance levels in recent times on strong volume. Could continue for a longer hold long day trade or be profit taken for a short scalp. Better than expected forecasts propelled it.

BW

Another overextended earnings winner, this can keep going up or be profit taken. Same methods as in PERY.

REED

NASDAQ stock being pumped, according to Reaper. I am watching this but with no bias; I will scalp long or short depending on the price action.

New pumper promos include EGTK, BEAC, USOG SNWT SGCA. Watch for developments on these.


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