Yeah, I know I am obsessed here, but it may yet decisively crack 2.80 and move well below, without the attendant fake outs. It has plenty of room to go if it can break that level. Potential short if it does. Beware, it has a tendency to spike and be choppy, etc.
HEPI
This took out some resistance at 0.90 closing above a buck. I like it long on a pullback which holds that new support at 0.90 or with momentum and a building upon a hold of the dollar level.
JEDM
Essentially a hod closer. A HotOTC mention so strong potential for gap up and crap on Friday, having closed up over 71% Look for shares to short, get Speedtrader for trading skid row equities in general.
QASP
In 7 Newsletters, this ultra cheapie reminds of OOAG With HotOTC fawning over it now, it probably means it is on its way to gapping and crapping, possibly as soon as Friday. Watch it early for signs of weakness. If it surprises skeptics like me tomorrow and keeps going, it probably will not be for very much longer.
FORD
Already a red floater scan result, this one from last time may yield a fade play if it weakens early.
CVDT
Thinly traded over extension candidate in the making is also a hod closer, so a possible gap up and early profits for overnight longs may be followed by a fade play for the shorts.
EHMI
What is up with this? I cannot find any obvious pumping, but plenty of volume came in late in the day Thursday and this closed higher by 50% See this article:
http://www.hotstocked.com/article/2109/echo-metrix-inc-otc-ehmi-climbs-up-on-heavy.html Aside from naive message board hopefuls, longs who are not objective, it seems like a pullback is in order.
NBIX
This finished unchanged. It turned up on my red floater scan. Should be back in play with real moves on Friday. Either we fade nicely or the beat goes on. Right now it is looking like the latter, as it is up after hours.
Unofficial picks:
ABTL
The positives here are an interesting chart pattern and recent insider share buys. The negatives are its lame volume and an uncertain broader market. Previous resistance near 1.10 is now support. Reached 52's today. Swing play long possible for the patient.
BCF
Bonus swing short. 5 up closes in a down trending ETFish equity that is trading below its 50 and 200 day SMAs. Resistance overhead from the 200 @ 11.82ish. Plan is to fade this near the top (resistance) and exit a few days later when it closes below the 5 SMA, preferably EOD, but upon any closing price under that. The previous most recent high is at 12.45, so a bit above that is a set in stone stop loss! More conservative stop loss placement would be to get out if it retakes and holds the 200.
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2 comments:
T: what kind of chart software do you use, i use ameritrade, and cant see a lot of your trades!
I use Quote Tracker, IB and TOS for charting, primarily QT. This is free and really rocks, if you supply a supported data feed, which included Ameritrade, as they have a deal with the developer, etc.
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