FSII
Closed on hod. This price correction has almost triple topped, but not really according to the book. Two things can happen here, if it gets above 4.60 and holds, we get a long entry and possible breakout extension. The mid 4.50's was where it peaked out previously. If it fails there, it could head back down for the fade play. Let us see how the prices react at those levels to choose.
ANAD
Just like the above play to a degree, this is a game time decision situation. I am leaning short, as the pattern is a form of over extension. But it closed near highs on strong volume around 4.82 which is the area to watch. If it powers above 4.83 that and holds, it might keep going. The easiest play will be short if it opens flat and begins to tank, or it has a modest gap up and goes greed to red early.
CWLZ
"Shares slowly moved up and then exploded after a investment blog released that CWLZ has a price to book ratio of 0x based on a current price of $1.53 and a book value per share of $234.24. We could not confirm these figures" reported toonicestocks.com as the stock finished up over 152% I do not know why my Supernovae scan did not catch this, but one might want to look for shares to short if these figures cannot be confirmed, and even if not some profit taking might give a fade opportunity on Friday.Wait for the usual weakness cue signals to enter, do not short strength.
LEI
Running into a ceiling at 2.74-5, but if it can take that and 2.80 out and hold on volume it might breakout. I think the short of this level being a top is at least as likely. Easy stop just above that resistance. Ideally this opens flat and falls from early or the gun or is barely green and goes red early for the short entry.
FEEL
Super cheapie up 300+% on no obvious news begs to be shorted on any weakness cue signal, although shares may be hard to borrow and the price per share makes it iffy.
NSU
Looking to test 4 per share, this may yield a fade play on any early spiking or a morning green to red move. Very strong lately, more 52's today. If this takes out 4 and holds with volume, either go long or stay flat.
RAME
Nice overhead resistance in the mid 2.40s to short into or use as stop level slightly above it, this number is a potential fade on stalling momentum.
CIGX
Interesting chart. Seems like it wants to test 2. If we get a ceiling there and hesitation, this is a short on the failure. If we power above that with better volume and hold with acceleration it is a long entry. We will see.
PDO
It will be interesting to see if we can keep going here on the optimistic hype that has propelled it thus far. It might have more, if past history is any indicator, since this is a bit of runner when it is on the move. At the very least, we might have some early upside to work with. Watch it from the gun, if it gaps down and looks weak, remain flat. Do not try to short into strength on this play, if it zooms out of the gate.
Unofficially watching:
NMTI
Down huge today on news, this is up nicely in after hours, and may yield more upside on Friday. I would watch it from the first tick of premarket, if it trades then, and from the regular open if not. Scalping, naturally.
The blog has a terms of service. Be sure to read it at:
http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html
No comments:
Post a Comment