Watchers for the 5-21-10 trading session

The timed release gimmick is being played by Penny Stocks Finder, who intend to fire one off on Friday at the market open of 9:30 A.M. EST Use this link:

http://alerts.thehotpennystocks.com/todays-alert/

Stock Preacher has one at the same time as the above. Use this link:

http://stockpreacher.com/dailyalert/

Keep in mind the trouble with most promoters is a lack of competence and money. Most pumps are tepid.

Also, the majority of these tries produce very little bounce north, even with perfect warp speed fills. Sometimes a run can be scalp shorted, but get into this folly for entertainment, and to monitor any promoter who actually pans out in this silly game. The usual outcome is even one who does bank you coin soon fizzles. When the suckers all know your name, it is time to change names again and scurry like a cockroach.

BFAR

Incredibly, this zoomed north again, closing at new highs today. It did so on the weakest volume yet. It made the breakout scan, and it did get over recent resistance. It did all of this on a Dow -300 day, which shows it is not to be underestimated. Be unbiased, let opening and early price action guide you in fence sitting. This stock is liable to make a big move as soon as Friday either up or down. Just look at that chart, it is a thing of beauty. It got past the mid 4.50's and if it can hold and build upon that with volume, it may keep going. If it drops below that level or 4.50, it might yield a great fade.

LSCG

Red floater scan. Typically, these provide more downside if the degree of reddening is reasonably nominal. Here the condition is acceptable on the real body of the red daily candle. You simply look for the usual shorting cues and treat it accordingly.

KATX

Watching this for more downside if it gives me a chance to fade any signs of weakness. Still a bit toppy.

VIDA (Vidaroo Corporation)

This crap is being pushed tonight by a few different names, who are claiming its positive recent sessions in the face of a weak S&P means anything. Promoted junk stocks go up because they are being spammed, not because they are worthwhile. Once that ceases, so does the upward mobility of the equity. Being as their liabilities far exceed their assets, it is a recipe for a crash. The hardest part is waiting and finding shares.

AKRX

If we get an oversold market bounce on Friday this previous uptrending runner which has printed 2 straight hammers on the daily could see some greening. If it can get above 2.80 and hold on volume it could surprise.

HAUP

Ok, I'm stubborn. Sue me.  Patiently awaiting a chance to fade this. Volume lessens daily. Hopefully Friday is the big day. This choppy, moderate greening is getting annoying, but it has room to go down from here.

DZZ

Gold should be a safe haven in times like these, but lately it has been pulling back. This ETF is an inverse one, and it is trading in a downtrend but the past 6 sessions it has had higher closes. A new stockfetcher scan I am experimenting with. The plan is to swing this for several days to a week as a SHORT if it weakens soon. Doji printed today. The idea is to follow the trend by trying to short as it peaks into the next leg back down.

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