Tuesday, May 18, 2010

Watchers for the 5-19-10 trading session

Again, be careful with longs out there on any extended basis. Some more down side may be manifested this week. We do not trade "real" stocks but it is relevant. See Brian Shannon's excellent daily S&P recap video:

http://www.alphatrends.net/2010/05/18/sp-500-video-analysis-for-51910/

BFAR

I called this before any other analyst as a play with real potential. Now a full fledged Supernovae, the ripening continued today. Remember, there is no such thing as "it's up too much it has to fall now" in the stock market. Let price action be your guide, especially early on. If it shows weakness, short it, but do not stand in front of the bus. It might be challenging to find borrows by now, but look for them as it very easily may die on 5/19.

HAUP

I still do not trust this thing, even if it finished green today. The hype will fade, and shorts will rejoice. Anyone short overnight on this may wake up to a pleasant morning if all goes right.

URG

Risky to advocate a long swing, but if this can defy the Dow and hold a buck per share and build upon it with momentum and sustained volume, we might see a run to at least 1.20 or so.

EVPH

Is this a pump today? Inquiring minds want to know! This sounds like an old pumper getting new notice. OTCPicks.com turned up today in my research, but the May 17th "news" cited seems iffy for continued upside. Short if you can find shares and it sports early weakness cues for entry. 

BSRC

Beacon and others are on this today. Closed on hod. Might gap and crap, or provide some initial upside, but as usual for true pumpers, I prefer shorting on the dumping if an opportunity presents itself.

TADF

Now in 12 Newsletters of promoters, this may have a bit left but the drop is probably soon at hand. If you are not in long by now, shorting is your primary option. Long scalping from the gun or thereabouts for hardy souls is possible, but enter at your own risk.

PSWS

This cheapie has been making some great moves lately. I think it is getting a bit overdone, but it could have a little more left before profit takers provide a fade play for us.

KSWS

Insider purchases have lifted this mediocre recent earnings equity to over extension. If the Dow keeps tanking this week, we could see a profit booking session in the coming days.

VCLK

Daily doji print after a nice move up coupled with a shaky Dow may provide a profit taking fade here, too.

ANTS

Watch unbiased. So far in the run up, every red day has only been a resting point for further upside. If the Dow caves more this week, it will be interesting to see how this thing reacts. I would just watch early price action tomorrow and play accordingly. If it opens down and begins to sell off, it could get ugly. If it powers out of the gate on volume or goes red to green early, it may continue moving up. Be flexible, as always.

Not on my official list are a few others to keep a eye on tomorrow:

HOOK Earnings winner. Possibly more to come for the longs, Dow permitting.
VSR Oil spill responder. Already faded quite a bit today.
KATX Closed near hod. Might have one last gasp and possible gap up left before profit taking fades.
IFLG  This keeps fading.
CLRS Low volume runner.
ERSO Huge move today, earnings related. Let us see if it can build upon the gains of today.
LGL Earnings winner. Possibly more to come for the longs, Dow permitting.

Most of these are long oriented, and given the uncertain nature of the Dow, I am keeping it close to the vest!


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