Thursday, March 04, 2010

Watchers for the 3-4-10 trading session

CHGY

Supernova wanna-be just keeps getting better with age. I would love another monster day up. freeing shares of early shorts on a squeeze, since getting shares will be hard, at best. It could still go up, but a bit late to long this. Regardless of reason for rise, it being an OTC and noticed by Stock Preacher is all you need to know.

SCEY

Look at that chart! If this is not over extension, I do not know what is. Might be pumped, so take care. Short on any clear sign of correction.

VSTNQ

In play again after eager shorts got squeezed following an early fall, this could make a great short or long, depending on how things shape up.

GMPM

News related but things could get interesting if it spikes out of the gate or dives. Stay flexible, it could also run more a session or two and be even more choice as a short if you can find shares. A Pinkie, its untrustworthy.

MILL

Took out 3.20 high of December 31, but volume was just okay and it faded back to close right on that. I would like to see this continue the breakout on heavier volume, but will short a fall below 3.20 just as eagerly.

WKLI & MCGI are promotions that are begging to be shorted on any weakness, but finding shares will not be easy unless early birds are squeezed into submission, so the best thing here would be more upside first.


AENY

Wipe out under 3 means a probable panic at the bell with more downside, then a bounce or short covering rally play for a long.

VHC

Still looking for over extension short play on signs of weakness in this long overdue for down side stock

MDF

Breakout looks to test 3 and continuation.

JMBA

Breakout looks to vanquish 2. It has seen the mid upper 1.90s a few times since November. Earnings March 9. Never hold into this, buy the rumor sell the news, etc. It is a crap shoot to predict actual results of those, so sell just before at the latest if trying to swing this.


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