Watchers for the 2-23-10 trading session

TSHO

This is up again on their product release hype of today. This jump I predicted weeks in advance. This is a cruddy firm whose stock is likely to fall again hard, maybe even tomorrow.

RCYT

Several spammers are pumping this tonight. Since share based compensation is involved, incentive exists to inflate prices for dumping later. If playing for a long spike, be prepared to get out with the loot quick.

MIL

Expensive stock that faded well off its highs and that could continue tomorrow. A takeover bid, so be careful.

IFLG

Up on no real news insanely, early shorts had to cover, driving it up even further on its small float and volume. I see more profit taking downside but will let the price action be my guide tomorrow. See my closing note.

CPRX

This may run up further ahead of the conference call Tuesday. Watch for profit taking once it happens.

GPRE

Took out 52s on strong volume nicely. Could keep going. Earnings winner, not a short play if it holds up.

TXCC

Insider buy play long with three white soldiers daily candlestick formation, but it has to be profit taken soon.

NXTH

Is this bottoming and good for a morning scalp long bounce play, hopefully out of the gate? We will see, not good to hold very long as it will probably be short lived. Daily doji and rough support grazing bode well.

PACR

Breakout looking long in the tooth, but do not short without observable weakness in the price action.

TSEM

Takes out 52s on decent volume. I look for more upside unless it falls below 1.50 as this has up trended since January.

WAVX

If this can puncture and hold 3, which it tested again yesterday, it might have a good day from the long side. I look to short a failure of that level as it would effectively constitute a double top chart pattern.

RAS

This runner may be out gas soon, if its close below the open result is any indicator. Upper shadow length on the daily candlestick being visited just once points in the same direction. 

PWE

This is looking mighty overextended, with many up sessions straight and a daily doji printing. Possible short.

SFI

Heavily shorted, this stock is getting top heavy. I see some downside soon, with 6 or so straight up sessions.

VHC

Last 2 days long upper shadows on the daily sticks. Similar story as in SFI.

Always let price action decide which side of the fence to be on, do not let your predictions become the play!


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