Wednesday, August 11, 2010

Watchers for the 8-12-10 trading session

ICOP

Already down after hour, today's Supernovae scan return may yield additional fading tomorrow, or soon. Enter only on aggressive selling pressure or box it. I would like to see the volume level on a green close first.

LQMT

Still maturing, this Supernovae awaits ripening, which could come on Thursday. Volume has yet to wane on the buy side so be patient. Enter only on aggressive selling pressure or box it. Even if the Apple deal is legit, profit taking fades are possible for the skilled market timer.

LOCM

Daily doji print on very oversold stock may find a temporary reversal if all goes well tomorrow. Look for signs of bargain hunter buying before going long, though. Much depends on the overall market here.

AAU

Red floater scan return may have more down side left, hopefully early on, for the shorts. The news was supposedly good, but it is getting stale now and only a few cents at this price nets you at least a 2% win.


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