Tuesday, June 08, 2010

Watchers for the 6-9-10 trading session

Good promotions are getting hard to find in these troubling times. As the market worsens so go the quality pumps. As the Dow struggles to regain the 200 day MA, we can only wait and watch with blind hope...

Timed release gimmick plays for Wednesday are as follows:

Whisper from Wall Street
http://whisperfromwallstreet.com/blog/

A new arrival for me, you have to look under today's watch list heading for the top post.

Beacon Equity
http://beaconequity.com/dailyalert/

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

Stock Preacher
http://stockpreacher.com/dailyalert/

Looks like the last 2 are featuring the same 0.25 cent biotech stock, maybe HYTM All are the usual 9:30 A.M. EST appearances. Refresh your browser just before and during that time.

EVTN

Poor fundamentals on this red floater scan result. Message boarders, mostly naive longs, toss around claims of 15 per share prices on the back of the Voraxial® 2000 Separator BP oil spill promotion. Despite its retreat today, it could keep fading. It may require a bit of patience and choppiness endurance, but the fade is likely.

AZGS

This is looking over extended now. Fade weakness or profit taking, green to red, morning panic, etc. Might start on a gap up and quickly die out. At any rate, a solid distribution day is probably imminent.

PBTH

Still very much in play for Wednesday. This is a breakout continuation long if it holds 6.50 with good volume and acceleration. It is a fade play for the shorts if it falls back under that level. Be flexible and follow the price action early on tomorrow.

GEECF

When a lousy cheapie penny stock goes up 100% on some volume in 1 day with no obvious promotion or pumping trail, I am interested. Either it falls hard as soon as the next session, or there is accumulation for later promotion with front loading. But in that case making the price soar is self-defeating, so I assume the former. If so, I would look for shares to short on weakness or profit taking, etc.

CLDX

Connected to DCTH which also dumped in price and option bullishness, I am betting this doji daily candle printing loser can be bottom fished for a bounce long on Wednesday. Ideally it stays above the 5.18 close of Tuesday and accelerates early to scalp it long. Not sure about an all day hold but maybe an hour or two?

BTOW

This closed lower than it opened and was a failure for the longs today who entered in premarket. But its recovery on volume to finish green may yield some action long tomorrow, even from premarket. Scalp only.

MYMX

Thinly traded stock fast working on over extension. Short on the usual weakness cues.

PMMEF

Even thinner stock working on over extension. Short on the usual weakness cues.

Unofficial plays:

FRG

With Euro concerns and menacing future market conditions, a flight to gold in a long swing beckons. This currently over extended, but the trend may soon continue if the Dow fails to regain the 200 day MA.

DTSL

"Pumpish" chart due to reasonably modest candle range of the daily stick but volume so big you can trip over it. Is this being accumulated for a promotion about to begin so the suckers can be front loaded? We may find out as soon as tomorrow, if the Spam starts to be delivered, or in some days from now. Watch just in case!


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