Tuesday, April 20, 2010

Watchers for the 4-21-10 trading session

CUR

I like this long only if I can get some reasonable pull back to the breakout zone of 2.50 which is now support. This method of breakout entry reduces the number of workable plays considerably, but is less risky in theory.

AERG

Several high profile names in trading are touting this long. You need a pull back here, above 1.26 maybe low 1.30s. It might be a swing play speculation with potential.

UNIS

This breakout continuation play idea has chat rooms buzzing. I am not a bottom fishing type but we will see. It failed the last big volume candle day in this canyon range the very next session, so I am skeptical.

BGBR

Again on short watch, these things have bad endings, sometimes CLRH style, but they cannot keep it up forever with e-mail spam.

JSDA

Getting top heavy, looking to fade profit taking. Daily doji printed. Weakened Monday with high shadow.

BONU

Unchanged so it's still in play for a short. We need more early strength to short into, perhaps.

TRMPQ

Hard to short due to price level, but looking more over extended every day.

BBI.B

Similar situation here. Daily doji print. Finding shares and applying them will be challenging if it cracks.

GTF

Zacks.com thinks this could reach 1.50 per share. I am unbiased and watching. Profit taking fades or long, depending on price action. This may (?) not be the typical junk we usually look at, despite the price level.

NENG

This may have more left as a long, but watch in any event.

REED

Went vertical, faded massively on profit taking, but obviously still a big gainer today. Unbiased, this could surge early as a long scalp, or provide another fade entry. This is a real stock up on earnings related news.  

AVOE

PSC pump, on short watch after hopefully even more upside Wednesday, but shares will be hard to find.

GRPR

Several spammers are in the tank, but we know how this thing ends once one big seller cashes in their chips.
This might continue up a bit more first. I do not trust longs on promotions I am not in outrageously early.

A play for Grandma. Real stock over 20 bucks. Swing hold probable:

AMLN

Loss narrows in earnings. Uptrend, down 8 sessions straight. Stockfetcher scan of mine I am testing. Seems to be nearing a bounce, AKA nice spring day. Exit on SMA 5 close above criteria. Try to time the bottom, then hold on for dear life with a stop @ 20.36 May bounce at 50 SMA, which it is almost touching now.




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