Sunday, April 11, 2010

Watchers for the 4-12-10 trading session

CTDBQ

Finally appears to be running out of gas. High wave stick relative to close may be a clue to some more red.

GETA

Same story as above, but less ideal.

BGBR

Still looking for that elusive sell-off, it cannot be too far off. Keep a close eye on this.

VASO

Supernovae short play potentially. Yeah, news related but any huge gain is profit taking bait watch.

RPC

Supernovae short play potentially. Has come far in 4 straight sessions, but folks like to lock in gains...

PCGR

Another Supernovae scan discovery, this has moved up quite a bit on little volume. You know the drill.

ROHI

Over extension short play possible if it weakens. Look for the typical clues, such as green to red, etc.

TELK

Same comments as for ROHI apply here, except it is a cancer news situation and a real NASDAQ stock. This makes it a lot riskier, unless you really know the ropes and short into hard profit taking dumps.

YHGG

Near Supernovae category runner is begging to be shorted on weakness. Might spike on open then fade, or last another day less impressively, then give a good red candle on the daily.

MSPD

Nice breakout, with some news candy backing. This ideally pulls back to the low 8.60s for a re-entry play long.

PDO

Coming up against some resistance at 6.39, this is looking over extended, but more volume would be nice.

NWBO

This is quickly becoming overdone, but may have more life left so caution is advised before shorting. A morning spike with fading price action might fill the bill. Last November saw a high of 1.79 before a fade.


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