Tuesday, April 27, 2010

Watchers for the 4-28-10 trading session

TUFF

Still waiting for a chance to fade this "pumpish" riser. Each day it stays above water gets us closer.

APPY

This is screaming bullish, call options are unreal, so take care. Wild ride today eventually finishing green. Short on profit taking, only if you are an expert. I hesitate to list plays like this, because it has to be done perfectly.

CDXC

Red floater style finish allows a possible short Wednesday if the proper cue signals are there, hopefully early.

GRAN

Supernovae scan bank/financial stock that was up today in a sea of red. I look to fade it on any weakness.

ASFN

Another Supernovae scan, this bank/financial stock may soon be profit taken for a fade.

NNLX

An old friend. Being re-promoted, this has risen quite a bit from the grave of obscurity. It is likely to revisit that grave once the e-mails give out. I look to short this on the latest dump. You can also box it and drop it.

ANTF

We just need a convincing, lasting break of 3 to get some more downside. Seems to find a life raft near 3.05 but it might pan out in the coming days. Sometimes these things give later chances like ZANE did a bit back.

FTBK

Rumors that do not get validated in a timely manner or are denied can become dandy shorts. This one may have more downside even after the first fade close and today's drop. Earnings 4/29 I think, so I would be flat by the close on Wednesday. This assumes we get g/r or other weakness to fade, and not an oversold bounce.

ROHI

More downside under 2.80 is possible if it can break under that level and keep going without head fakes.

CIIC

This is up even more in after hours. Being discussed in spam by promoters does not mean it is a promotion. It's going to be a fade play, possibly as early as Wednesday afternoon, but be careful with these Chinese stocks.

CRUS

Call option interest abounds, this could see more upside at least early. It also might see afternoon fading. Earnings related news on this real NASDAQ stock, so the tilt is upward until proven otherwise.


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