Watchers for the 2-24-10 trading session

CIMT

Earnings blowout play is an obvious shorting target on weakness. It can, however, run further, in light of its afternoon fading today. Ask the early shorts of IFLG if something up insanely, even without obvious news, must crash and burn on cue! I am leaning short with an open mind, to be decided by price action. Watch 3 level for clues.

RCYT

This is seeing another round of marketing stimulation by the usual suspects, and they are being comped in shares, more than money, so it could spike out of the gate or rise in the pre-market session. If you bought late today, like Reaper, you might have a nice exit shortly after the open. If you buy early enough tomorrow it might even work. Watch out, once the big playa's dump, it will fall at warp speed. This is a given on share compensated pumps, so entering early, perhaps pre-session, and exiting on spiking strength is advised. It will be a great short, too, once it weakens, if you can find shares.

IFLG

This beauty went up like mad on very little new, and began cracking today. Turns out the following had a hand in things: http://www.streetinsider.com/Insiders+Blog/InfoLogix+(IFLG)+Blasts+Off+To+the+Moon,+But+a+Share+Registration+Can+Can+Bring+It+Back+Down+to+Earth/5374767.html
Clearly this puppy is gonna die nicely, if you can get shares it is a very easy money play. Profit taking batch dumps will be in the cards for buyers, while the article explains why it may not last for optimistic investors.

HDY

Not sure why I missed this play last night, but it could continue b/o long. I will watch for fails, too, as always.

PMI

Watching for another test of the 3.22 it hit today and some time back, for more upside, or a failed test short.

PVCT

Seems to be running out of gas, but its quite a runner and gapper. High daily shadow well above close bodes well for some profit taking early tomorrow. Long only if it comes out swinging strong.

LTXC

Eyeing this for a breakout if it can take out 2.86 on strong volume. The cup shaped correction is nearly there, but I will be ready to short a failure of the same, as usual.

LMLP

Like 12 straight up session closes must mean overextension, so I am watching for a short. Nice chart long, though. I gotta really see it falter to consider shorting, it could easily close up again for lucky not unlucky 13.



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