Sunday, June 13, 2010

Watchers for the 6-14-10 trading session

Timed release gimmick play for Monday:

Penny Stocks Finder
http://alerts.thehotpennystocks.com/todays-alert/

Refresh your browser just before the open continuously. If speedy some upside usually follows for scalp longs but the short is usually best as it drops within minutes, usually. I did not get mails for the other major pumpers.

BGP

This is a conundrum. On the one and I think more important hand, profit taking needs to happen soon here, especially in light of the fact that the promotional gimmick ends today, which provides a good excuse on Monday. But this being "real" stock with an oil spill relief effort tie in, it can have more legs than the trash stock tries, which seldom see more than one day moves before coming back to earth. Watch it early, if is bullish from the gun, counting premarket, long is a bit late for a no-brainer entry, but use your judgment if you want to follow along, especially if you intend more than a scalp. But if they begin to sell it off, fade this quick.

QCC

See my comments for the Friday session Watchers, as it finished unchanged, they still apply more or less.

PBTH

Closed on hod. This powerful breakout just squeezed early shorts. Tim Sykes as of Friday's Livestock program believes this is "no way no how" a short, but remember profit taking short scalps are plays, but you have to be an expert. Very possibly this spikes from the bell, then fades. Depending upon how many shorts can still be squeezed and forced to cover that are still around, it may keep going. One of those plays where you simply have to watch live price action and follow it. If it looks like a speeding bus, do not stand in front of it, but be prepared to fade weakness pronto, as some kind of scalp short might be all it gives before new moves up commence. Such a dump might happen from the opening bell, too. It is hard to say. Always remember textbook breakouts can go on longer than is rational or endurable, as all pro level shorts know.

ELRA

Anytime a cheap stock like this goes up 100% on no obvious news or promotion, I assume the worst. I look to fade this on weakness. Usually these drop the very next day, either at the open or soon after.

HKN

This could use more volume, but if not for that it would be a good over extension candidate. Closed on hod. It might gap up and soon fade on Monday. A fade awaits soon, in any case.

NSU

Breakout. Essentially, if it can hold 3.50 it is a long, if it cracks under it is a short. We will know Monday.

SSWC

Hard to short such a cheap price per share, but this is starting to over extend and ask for a fade play, if it weakens.

APWR

Having raised their guidance, this is still a potential buy if it can hold 9 and build upon that. It stalled at 9.50 on Friday, any move above that would be nice. Some resistance at 10 or so. A stop below the previous session low of 8.85 should suffice.

MMPIQ

Q stock up over 92% on Friday on no obvious news or pumping, etc. It might gap up to open and maybe move a bit more for the longs but I taste a fade entry here may be in the cards as early as Monday. Short on weakness or an early dump. Watch 0.20 for possible profit taking.

SUWN

Closed on hod. I will be watching to see if this can hold 0.62 for more upside. Possible gap up open. Also watching for a fade on fails at the above level.


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