Thursday, August 05, 2010

Watchers for the 8-6-10 trading session

HAUP

A blast from the past, this cruddy firm had news today that the wags found impressive, but it faded and closed with daily doji print. I assume more follows for fade players after some possible early spiking. Volume decent, but on the level of the May 13, 2010 affair. We could see a bit more upside but any weakness is tempting.

DSCM

Bottom fishing long scalp and perhaps a bit more. Daily doji print following a huge tank day on Wednesday. Play these carefully and only if it gives early strength from bargain hunters since it has fallen on hard times for a reason.

LOCM

Get there just before the start of premarket just in case if you intend to bottom fish this long, or scalp it upwards. True, http://thestreetsweeper.org/ mangled them on the 4th, but some bargain hunting idiots can bounce corpses, at times. In fact, this might be in play both ways tomorrow. Early additional dumping may be fade worthy. Just follow the live price action, as usual, & only enter in the direction of the herd. Exit fast, too.

WWWW

Still a potential short, this keeps weakening, although it finished green again today slightly. Short spikes. Good earnings report, but profit taking is bound to occur in such a slip shod outfit. Bitter shareholders ensure that.

ERFW

Good 10-Q and publicized low debt numbers keep propelling this thing, fast becoming over extended. Wait for weakness to short into. Spike fades are riskier, but if it begins to peter out from a strong start, go for it.


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