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” […]
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″]
DSTI is up 65% and is currently stable in the 2.30’s. Most defiantly a carcass of a company but this is just the first up day and could easily spike more. I have a short limit order at $3. Like to see it get there. If perhaps this afternoon’s action begins to fade I will […]
Overbought- yes. Unjustified-yes. Crappy company-yes. None of that seems to matter as IDT is running up massive. I wouldn’t chase it up here in the 16.60’s but I wouldn’t be surprised if it made a run at $17. Most likely not a short today unless you are brave, I mean real brave. [wikichart align=”center” ticker=”IDT” […]
For 2 days now ARNA continues to struggle crossing 5.20. This is still a good risk to reward short with an entry at the 5.15 area with a cover stop a 5.24. Wonder if if will finally go below $5. [wikichart align=”center” ticker=”ARNA” showannotations=”true” livequote=”true” startdate=”22-01-2010″ enddate=”22-07-2010″ width=”570″ height=”365″]
CRUS has been highlighted in the last few days watchlist, Maintaining it’s gap up of 4%. CRUS has bounced off of 18.60 area support three times today and so far that looks to be the bottom. Watch the important 19.10 area for an upside breakout. Safe long entries in the 18.80’s with stops below 18.60 […]