Decent start to the week +630
IDT continues to want more to the upside. In hind site I’m wondering why I didn’t buy this. A few decent entries but this thing is severely over cooked at $19.60 and could tank in a heart beat. I do feel this stock is destined to print $20 before any significant low risk shorting opportunity […]
I had ARNApegged as a good short today but so far it’s held on to this mornings gains. A short doesn’t look probable today. So much so I took a long position at 6.50. Documented on Twitter here. http://twitter.com/TheLincolnList Support is in the 5’40’s and another challenge of the 6.70’s looks possible, so for now […]
Good momentum leads DCTH higher in early morning trading. A bit extended in the 8.70’s and that is the resistance area. Mid day support is in the 8.40’s. Just like CRUS do not chase this stock. This could dive in a heartbeat. [wikichart align=”center” ticker=”DCTH” showannotations=”true” livequote=”true” startdate=”26-01-2010″ enddate=”26-07-2010″ width=”570″ height=”365″]
As discussed in the morning watchlist CRUS entered in the low 20.’s I attempted to get a long order filled 20.05 but no go and CRUS took off. After the spike support is in the 20.20’s. Upside target in the 20.60.’s. Plan is to still look for pullbacks to buy into. No chasing! [wikichart align=”center” […]
No recap for Friday as no trades were taken. Check the 7.26.10 watchlist for updated plays.
Video is of ARNA. Text watchlist is of DSTI, CRUS , MLNX DSTI Looked dead in the water as it blew through the 2.70’s fast. It continued downward all day until it stopped at 2.25ish.Then during the last hour of trading , as with most stocks on Friday, DSTI runs straight up to the 2.60’s. […]
DSTI was unable to hold on to it’s morning spike into the 2.80’s. Since then it has flattened out in the 2.40’s. I have no position now. Currently waiting for a spike into the 2.60 region if possible. I will enter a short there providing there is no swarm of buyers. [wikichart align=”center” ticker=”DSTI” showannotations=”true” […]
IDT has a double top set in the mid 17.20’s. Volume is light across the board and I’m wondering how much upside potential is left today. This is not a current short sale candidate as commented in today’s watchlist. [wikichart align=”center” ticker=”IDT” showannotations=”true” livequote=”true” startdate=”23-01-2010″ enddate=”23-07-2010″ width=”570″ height=”365″]
PWER resting at the high of the day in the 10.15 area. Volumes are lite so I question the ability of a breakout. Will watch closely to see if volume can ramp up. May short if this thing it it fades in the 10.20’s [wikichart align=”center” ticker=”PWER” showannotations=”true” livequote=”true” startdate=”23-01-2010″ enddate=”23-07-2010″ width=”570″ height=”365″]