Today is 8.9.10 hmmmm. No video today. Watchlist is NANO RADS RINO BIOS HAUP
NANO
Up on Strong earnings and strong action into Friday’s close. Earnings breakouts are stingy so this can keep running. Fridays close was above the double top level of 12.10. Next upside target is 13/13.27 area. I will see how the first 15 min of action is on NANO to see if there is a play. I expect a strong Monday open and a reversal after the first 30 minutes. That may provide a buying opportunity if you are not already long. Doubt it will be a good short until late in the week if at all.
RADS
Hit 52-week high from an 81% jump in second-quarter net income and raised its guidance for the year. As always earnings plays can last a few days. Nice up trending chart since the beginning of 09. Fridays spike pushes RADS closer to the $18 level that was the 07 highs. As I love to short stocks mostly I can not be prejudice to making money. I have a feeling this may run for one to two more days before retracing. If the action is strong at the open I will probably buy this. However I will not hold for more than one day as when the momentum drys up I will look to short. You can make money both ways
RINO
Gaped down at the open and then just went flat. I think because it was a warm summer Friday, and most pros were cutting out early, that saved this stock. There can always be a force of upward momentum especially in bullish days but RINO will correct and head south in the short term. If I can find shares I will short on a spike or flat action because I believe the decent will be rapid and swift.
BIOS
I alerted a good long entry point on Twitter Friday but I am not sure how much more upside is left in this. Even if there is more upside the risk to reward may be gone from this trade. Still this is worthy of watching because BIOS has been heavily oversold
HAUP
Gaped down Friday morning and that looked to be the end of it. What do you know. HAUP worked it’s way back to flat. That’s good news because it has reentered my short list. Like to see it spike a little on Monday morning.