Monday, March 29, 2010

Watchers for the 3-29-10 trading session

ABIO

Clearly this is overdone. Stupidity, coupled with low floats, etc. can really amaze though. Could spike out of the gate then fade. Reserve shares if you can find them. Possible red to green long in some circumstances.

NVNT

WTF is this? I do not know but it sure looks interesting! Volume higher than in many a moon for it.

ZQK

New 52's are @ 4.67. I like this long above that on strong volume. I also like shorting failures there for the aggressive, or of 4.50s for the more conservative.

FINL

Very strong earnings breakout could continue with some dips and rallies over several days. Long only.

ESPH

This kept going Friday above 52s. It may reward longs on Monday. Inching toward 1.50 if all goes right.

JADA

This is looking more tired every day. I look to short any fade or opening bell sell-off, covering on any greening.

MILL

This could easily have more upside Monday, at least early on. A history of several day moves up, helps longs.

ISCO

Needs more volume but long if it gets it above 2.50. If not, it can also fail there as a short given 5 up days.

DCTH

Speculative bio tech FDA approval seeking NASDAQ stock could have more idiot gamblers on the bid. If you go long after this, especially as a swing, do not blame me if you wake up down 50% on any denials, etc.

MSEH

So manipulated that AYME holds it up just on a sense of humor. Long for the foolishly brave or short on any new move up that runs out of gas.   

PNM

8 sessions closing down, almost touching the 50 SMA, this sleeper swing had a high volume smaller range red stick on Friday. If Monday is a nice spring day or we get some stabilization, it could be a long play for the patient. Do not purchase until after 10 A.M. EST. Do not chase. It is getting quite oversold if still up trending.


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