Tuesday, March 16, 2010

Watchers for the 3-17-10 trading session

GSIGQ

The daily doji candlestick and the modest fall means it is still in play for more down side on Wednesday.

MSEH

This NXTH price action clone of Jarret Wollstein keeps making new highs. The longer this goes on, the closer to the inevitable 50% drop intra-day we come. If long, stay by the computer screen. Better yet, look to reserve shares to short daily.

WNC

Still on watch for shorting with fading volume and yet another up day.

CIGX

See comments for WNC.

RDNT

Unchanged close, so its vertical disposition is looking ripe for a short on any weakening.

WAMUQ

Still selling off and still a target for a stuck on silly bounce long in a momentum scalp. Do not play this UNLESS you see it being aggressively bought or spiked. Once you do, don't be greedy and hold too long!

BTIM

Big run-up today that could continue tomorrow, but it has had several up sessions now running. It faded later on in the day, and that could give shorts a play if it panic sells early or otherwise weakens Wednesday.

MGIC

Over extension short on weakness cues.

POWN

Not as ripe yet so may need seasoning, but see comments for MGIC

OLP

Thinly traded higher priced stock that might have profits taken on it soon, to permit shorting on weakness.

BBX

Hoping this gets profit-taken for a short entry. Now that it has overcome some resistance near 2  that is iffy.

SUWN

Stevia time! Nice little breakout of a stock that is not yet being obviously actively promoted. You should be in from EOD today but it might go to .40 ish. Not sure if it trades in pre-market. Sell on strength early... 

STXS

Bonus: Stock fetcher scan swing long with 5 lesser volume red days straight. Once the selling slows, buy and hold several days. Caution on this, SMTS reports earnings Wednesday, sympathy effect if they disappoint!


The blog has a terms of service. Be sure to read it at:


http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html

3 comments:

mordy said...

i just got the hard copy mailer on mseh yesterday lol

mordy said...

what makes you believe mseh is a 1 day wipeout like nxth maybe its gona bounce around like aeny or jyhw

Big T said...

It is a Jarret pump, 'nuff said, and just like NXTH, with similar price action and daily candle ranges.

One needs to watch every tick, literally.

The hard mailers I have heard are making the rounds now.

Probably the end is not really far off, but it could last a spell as they try to milk the suckers for as much extra gravy as they can.