Thursday, July 01, 2010

Watchers for the 7-2-10 trading session

SEED

Nearing a double bottom (6.63) and a bounce play. Key will be if the broader market rebounds. This seems to be near support. If the market bounces, it may hold and advance for the long entry.

GBRC

Over extension on Supernovae scan return. Looking to fade this on weakness. May have a bit more but it could happen before the weekend.

IDT

I still want to fade this, it might die near 15 for for the short entry based on profit taking.

ARNA

Huge doji print. I want to fade this on weakness. Somewhat fluffy PR has made this stock capture the attention of amateurs. Up in after hours. Wait for the momentum/interest to wane then get short.


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