Thursday, February 04, 2010

Watchers for the 2-5-10 trading session...

NDN

A "real stock" earnings related winner that might see more upside. I will be watching for either another long or a second day failed breakout and/or profit taking dump for a possible short intraday.

AFFX

Closed above resistance in the low 7's. Another "real stock" earnings winner, see my comments above which should apply to this equity as well.

AENY

Risky http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold Street Sweeper dot com hit piece fodder pumper that is being longed by some hoping for a cover rally or squeeze, but it could be halted any day and my feeling is the play was today when it took out 4.66 on heavy volume and began to sell off near resistance @ 4.90. If it busts through this on heavy volume, look out above, it might trip stops up into the mid 5s and yield coin. A dandy short eventually, but forget about getting shares. I should have bought this today when it broke out upward as described above and sold it near 4.90.

NXTH

This is trying for a repeat of last year's month long rise pump, and it seems to rise slowly and steadily, never resting, going up a cent an hour and now is knocking on the door of 2.30 per share. Beware longs, sit in front of the pc all day, do not go to work, forget about stops, because it can and likely WILL drop 50%+ in hours once the spammers dump their shares! I suspect that will not be tomorrow early so out of the gate I am long. The apparent fact that they are sending hard copy promo mailers does not help early shorts, even though the day of reckoning is certain to be in some weeks and will be a shock to complacent longs.

IMGG

Nice move up, but a bit more room left for upside. Resistance @ .75 Watch early on for a play scalp or a pullback entry. Shortable, but read this: http://community.smallcapnetwork.com/Technical-Forecasts-IMGG-SNWT-KERX/s/article/view/p/mid/2/id/184/

PCYC

A call by another blogger I follow which yielded some nice moves today and might not be done yet long. It took out 4.35 resistance and kept inching forward making new highs as it went. Needs more volume, though.

ISSI

First down day of a runner up that I called in my last watcher list after a daily hammer at the top of a move suggested red ink. It might keep going that way on Friday. Still, a strong chart for the other side of the coin.

OFI

Quite a one day move to erase a 3 day slide back in December of 2009! Another earnings catalyst, this will really get interesting if it manages to erase 6 per share and more. It might spike out of the open for a scalp.

CENX

might be a good long all day if we green tomorrow in response to the huge red day today, according to the folks at http://www.investorslive.com  if I understand them correctly as they seem to always argue something like that and are in love with that silly equity.

I agree with them that

APKT

still merits looking at Friday, as it might renew its move north if it can keep holding 13 or if it dip under and can red to green cross 13, etc. It seemed so promising as a play on earnings for a long, so maybe I am a bit biased. I do not doubt plenty of willing shorts exist on this stock, and will be taking the other side tomorrow.

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