Sunday, May 23, 2010

Watchers for the 5-24-10 trading session

Preacher has another pick at the open on Monday 9:30 A.M. EST so use this links & do a browser refresh:

http://stockpreacher.com/dailyalert/

So does Penny Stocks Finder at the same time:

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

Again, do not expect a repeat of Friday, but you never know...

One thing I need to remember is to stop dropping first red day winners from consideration to readily. Often these can be shorted several times, with easier borrows. A good example is ANTS. The gift kept giving!

AEGY

Closed on hod. Ideally you are in this from near the close on Friday. Gap up hopeful then profits, possibly a bit more out of the gate early and nothing more.

PSWS

Another nice hod closer that could have been entered near the closing bell on Friday. Similar analysis as for the above stock, (AEGY) but its recent history has been very upwardly mobile, admittedly.

BFAR

Same analysis as for Friday. This thing is surprising a lot of people, and do not stand in front of the bus. Every day it keeps going, a fade entry becomes more likely. If it gaps up and looks strong early, a long is possible. If it begins to weaken, it will be a nice short. Finding shares to borrow and or reserve is going to be a challenge.

TRGL

I must be crazy to consider this, but if we get any early upside on Monday, a bounce north on this might be in the cards, or soon thereafter. Look at the daily chart and doji print. Recent bottom fishing expeditions with similar set ups have resulted in rewards for the longs. Do not enter unless the Dow is cooperative initially.

HAUP

Now that this has traded and closed above multiple day resistance at 3.50ish, it becomes a potential buy if it holds this level on volume and momentum. Any greening on the Dow early Monday would not hurt, either. Since the volume on the recent rise has been mediocre, this is also a short if it slips back under our key level. 

NTMG

This may continue to inch up, having crossed .30 and nearly closing on the highs. A multi-day hold long, etc.

LMCO

My Sunday spam E-mail box is nearly overflowed with more promotional mailings on this crap, now in 11 Newsletters. This could easily fight to test 2 before it is over. A re-pump, it was a big mover last month.

SFMI

Another hod close of a former runner, possible gap up open. Ideally you bought this Friday, to get that as a freebie, but it might have a bit more upside before becoming a fade play entry, possibly also on Monday.

Unofficially watching:

ZBB Talked up by CEO, some momentum possibly building.
VSTNQ closed near hod, in play Monday.
KERX big chatter on the net over this former mover, in play Monday.
AEHI hod closer, in play Monday.
KATX Message Board chatter, has been punishing shorts lately.
FRPT almost hod closer, in 6 Newsletters, may be bottoming, which has a past history of running, is in play Monday.
BSRC read my comments about ANTS at the top of this post. This might have more red, believe it or not.  
WOLV near hod closer, in play Monday. Impressive volume and range, let's see if it can expand upon that.   
DZZ may yield an entry short Monday if gold resumes its march. See my list for Friday to see the chart. Once in, this is a swing play.


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