ANTF
Still on short watch from the old Supernovae scan, it still has not popped yet.
GRPR
1.35 now becoming a solid area of resistance, this held up nicely, but if this high holds, we might yet get our fall.
CLRH
Still waiting for a GREAT bounce long scalp. Once this thing cracked a buck, it got ugly. This stock's price action reminds one of NXTH in its dual run ups. They always end the same way. The trouble in shorting good ones, especially ones with expensive hard mailers, is getting shares. Bounce plays are just crumb nibbling.
ABWTQ
Looking for this to test and maybe beat 0.60 & then a fade may ensue. As always I prefer the short angle.
CADE
This seems to be running out of upward momentum, as it took 4.50 easily but closed below it. Could make another run for the roses on Monday but if it cannot get back up over that level a fade may ensue to short.
CSNT PSBC IBNK CACB MBTF
These are all hot bank/financial related equities showing up on the Supernovae scan. Since most or all of these have no connection with the usual hyped up garbage I traffic in, I hesitate in suggesting watching for a fade on profit taking dumps. However, though they could all keep going, as much as they are all up it may work soon.
DEAR
Speaking of cheapies that are not as easy to fade as I would like, this one is punishing early shorts who felt the effects of it taking out its recent 3.40 high on Friday. But December 2008 resistance is like 3.99 so it might fade on a fail there or scream past 4 for more upward mobility. Always let price action guide your decisions!
ROHI
Still on short watch for a decent red candle day hint with an entry cue that leaps off the chart. Repeat of my comments from last time, hopefully the next time around is a charm.
STSA MBHI FSNM BOFL
Another lesser tier of bank/financial runners that may have more gas left in the tank. I am just watching these. As in the first list, all it will take is a bad or profit taking day in this sector area to get some fading on them.
APPY
This is looking over extended, so I am watching for a weakness to fade if given a chance. Yes, speculator optimism abounds with sky high call option purchases, but I am patient, not an eager beaver early short!
TUFF
Fading volume but new highs. Not the best play out there but I am watching both ways depending on how it acts Monday. Pumpish but not a lot of spam generation if it is or soon becomes an official hype target.
MCGI
Falling volume but new highs. Promotion. Hard to fade a drop at this price. Watching both ways I guess.
HAST
A bit expensive but becoming over extended. Waiting for the usual short entry on any profit taking dumps.
CDXC
Just now mentioned by College Stock. Overdone, you know the drill. Wait for a cue signal, then fade it.
CHCI
OTCPicks.com stock in focus for April 26, this thing has been really running lately. You know what I want to do, but I will never stand in front of a truck to get my way. Wait for weakness first if shorting. Yeah, it could have even more upside, but I only like that early or not at all. A real NASDAQ stock in a hot industry.
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
No comments:
Post a Comment