Trade Recap for 7.20.10
Impressive recovery for a stock that was down over $1 at the open. May be getting exhausted at this price but none the less an impressive rebound from the 16.40’s. People obviously want to own this name. [wikichart align=”center” ticker=”CRUS” showannotations=”true” livequote=”true” startdate=”20-01-2010″ enddate=”20-07-2010″ width=”570″ height=”365″]
Current Intra Day support is 5.20’s, a brake below can send this stock to the mid 4’s as it’s heavily shorted. 5.40’s is Intra Day high. Like to see a failed retest of 5.40 to short or a clean break of 5.20. A pass through to 5.40 makes a decent breakout long or breakout volume […]
Because of the short time frame for recording video ( 5 min ) and the monotony of listening to my voice. The watchlist will now feature 1 stock to trade that will be covered on video. This way I can devote more time to discuss proper trade set ups and technical levels of that particular stock. The remainder of […]
COCO. Education stocks seem to be in a bear market rally this morning. Currently stock price sits at 10.40. Resistance is in the low 11’s. Support would be 10.20’s then 10. May not be a good short as of yet. Being early in the cycle an upward swing or squeeze is possible. Long scalp opportunities at […]
ARNA Testing Double top breakout at 5.12. Possible upside to 5.30’s then to 5.60’s. The latter being difficult. [wikichart align=”center” ticker=”ARNA” showannotations=”true” livequote=”true” startdate=”19-01-2010″ enddate=”19-07-2010″ width=”570″ height=”365″]
HSWI 60c spike in 20 minutes. Possible low float short squeeze. Not sure when the spiking will stop but should be a nice short entry soon as shorts will look to re enter. [wikichart align=”center” ticker=”HSWI” showannotations=”true” livequote=”true” startdate=”19-01-2010″ enddate=”19-07-2010″ width=”570″ height=”365″]
IFLG DCTH CAR CRUS
ARNA slowly trending downward from 4.80 intra day double top area. Stock still up 15% on the day. I am short from 4.71 as documented on twitter.com/thelincolnlist this morning. I have my profit stop set at 4.61 and looking for a slow grind below 4.40. If stoped out at 4.61 will look to re enter […]
No surprise that every IFLG spike ends up retracing itself. Message boarders keep touting a $15 price target. I bet that hate holding this long. [wikichart align=”center” ticker=”IFLG” showannotations=”true” livequote=”true” startdate=”16-01-2010″ enddate=”16-07-2010″ width=”570″ height=”365″]