Watchers for the 3-15-10 trading session

QLTY

In spite of the good news lately on this stock from our last list, the over extension is getting so ripe you can smell it. Short on weakness, or other selling markers, like green to red price action, morning panic profiteering, etc.

MSEH & AMOK

The Jarret promotions keep up their silly, NXTH modeled price action, so if playing these long, never leave the screen for any reason, and have the market sell order handy in a mouse click. Also reserve shares to short daily, as these will likely crash hard and fast once the fun is over.

IPCI

One day Supernova that already faded in the last hour of trading. Could be more downside but shares will be hard to come by. Nevertheless, remain unbiased and watch the price action, early shorts are often burned.

GSIGQ

This Q stock is looking over extended and thus short bait. Especially with the lame volume on the rising. Careful, as is the case with WAMUQ, day trading pro's and other gamblers are into the wild swings of these distress labeled securities. These are both mostly momentum scalps and reversal plays in both directions.

WNC

Real NYSE stock nevertheless getting due for some profit taking. Watching for a short into this behavior if I get a chance on such obvious bullish momentum.

MRVC

Reports on March 16. Long in the tooth so soon will be sold into the news, perhaps. Shorting on that, but as the 15th might see a climax, the entry must be patiently timed. It could take another day, but on watch though.

OMNI

3 White soldiers, news due the 15th, with could be sold into the news or tank on a bad reception to the results, but I am unbiased, this thing could keep rising. Not an easy play to time for the inexperienced.

CHGI

First impression is that more down side is coming, but some of these high fliers like VSTNQ & ZANE just frustrate shorts with their choppy repeated tests of higher prices. That could happen here, but I want to short.

HOLX

Multi-month correction real stock broke out Thursday. If it can pull back a bit more, but keep above 17.83,  one can go long on an up hook. A swing trade is the objective to ride the breakout moves on up, hopefully.

RXII

Same as in HOLX, but I hope the chance to go long the up hook did not occur Friday, as it held above the critical new support at 5.80ish but also reached down to touch 5.85 at one point, almost permitting an entry.


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