Watchers for the 8-18-10 trading session

I begin with an apology.

I totally forgot to include for Tuesday's list the Titanic stock short angler, PRXI, which I knew would be ripe today but failed to cut and paste it, despite intending to include the play in my main list! Adding insult to injury, it would have been a nice haul as it fell over 7.5% on the day...

HELI

Being promoted, with a second straight day of huge volume and gaining over 44% by the close, this cannot go on too much longer, assuming it even makes it through tomorrow intact as a green. Once this pops, and the front loaders dump their shares on the open market, this is going to make a killer short, if you can find borrows. Might have bit a life left early, with a possible gap up and initial spiking, so be patient or box it. Do not get squeezed.

MTLQQ

The GM day trader toy also seems to be nearing maturity. A high wave stick relative to the close adds confirmation, but volume has not abated so be careful here again. Once it gives clear weakness cues, fade it.

MJNA

Now well extended, this may be peaking, but printed with the most volume yet in the recent rise. It is true that 0.12 was defeated, making this a real breakout of sorts, but so many up days in a row may be profit taken soon. Fade weakening cues here if they arrive Wednesday. Even pot smokers can be miserly with their money!

NNBR

Nice chart. Revenue winner strong earnings breakout stock took out resistance around 7.50 to finish up nearly 10% A pullback entry to that old ceiling now presumptive floor might yield a swing long play, or just more early zooming Wednesday can be bullishly scalped. Any failure of 7.50 is a short, naturally, of a broken chart pattern.

VGZ

Now a red floater scan return, this is on short watch on weakness. High wave stick relative to close and sizable distribution volume are more indications that a fade might work if the price action cooperates.

TITXF

Pinkie hod closer may gap and crap, or provide a bit more greening, but it has had a number of up sessions and is looking increasingly tired. Short weakness if given the chance and keep on watch until it gives one.

AONE

Bottom fishing bounce play long might be in the cards after a daily doji print today. Up after hours, the idea is to at least net a scalp out the gate on early upward mobility. Bargain hunter arrivals make such plays possible.


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