Sunday, April 18, 2010

Watchers for the 4-19-10 trading session

ALAN

A blast from the past! Reaper (http://www.reapertrades.com/) I recall shorted this once in a huge play. It might not be a Stock Preacher pump this time, but it is quickly becoming overdone, news related or not.

BLEW

Penny Stock Chaser pump. May have more legs at least initially. Still, I am leery of any longs involving these.

BGBR

Re-pump. Could have more shaky upside given the spam I am getting over the weekend in my e-mail in box.

NXWI

This is becoming overextended, so I am watching for a weakening to short into.

ENCO

High upper shadows relative to close on past few sessions, this is on short watch. This may be an easy fade on any decent spiking.

RNN

A bit more spiking would be nice to fade here as well. Cliff dive recovery via past 3 sessions may not last.

CLRH

This junk is being promoted. It weakened Thursday, but stabilized Friday. The end may be drawing near.

JSDA

Overextended, looking to fade this on any weakness.

MBHIP

Even more overextended, this one is getting ripe for a short. I would like some early g/r cue for an entry. On many of these kinds of plays, you simply have to wait for a sell-off to begin early on heavy volume for a shot.  


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