Wednesday, May 12, 2010

Watchers for the 5-13-10 trading session

AEHI

Supernovae scan. This might re-climb up initially Thursday, as it faded well off its highs on Wednesday. Look for shares to borrow and reserve, shorting the inevitable fading that is soon in the cards.

PRPG

Supernovae scan from the other day is still in play, having finished modestly green. Look for shares to borrow and reserve, shorting the inevitable fading that is soon in the cards. Substandard volume, unfortunately.

PACR

This probably has more life left at the outset, but it keeps advancing on only decent at best volume. I really want to fade this on profit taking and or exhaustion. We will see how it handles a real test of 9.50 as a cue.

AEZS

Speaking of exhaustion shorts, this may have potential as soon as Thursday. Fade only on weakness, though.

AERG

Breakout today from ascending triangle. Conference call May 17th. May test 2 over the coming days. 

SFMI

Closed near hod. May have more hot upside, at least initially. I can see a profit taking short soon on tap, too. Should test 0.40 but that may be the fade portal on buyer exhaustion. Also, later on watch 0.50 for the same.

IFLG

Seems like old times! Big volume again, too. Probably has more upside from the bell, but a fade play awaits soon. Up after hours a bit. Both long and short entry cues may occur in the same session.

INTT

Nice breakout and volume in powering over 3.90 and 4 with a hold above those levels. Up after hours. I hope this continues at least from the gun, to provide upside. Earnings related news has impressed a few.

ALXA

Closed near hod. Up after hours, this should test 4. Watch how it acts at that level, as profit taking may yield a fade play scalp or a besting of it may lead to another adequately green finish for the longs.


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