Stock Watch 04.19.11 ” Lightweight”
This is the lightweight but powerful watchlist.I will keep the plays to a minimum because tomorrow when I wake up there will be 20 brand new plays outside of the ones I mentioned on this list. Plus the ones I continue to play. For movers I’m looking at AMRN Tuesday. Many of us in chat made some good money trading this and I expect some action there Tuesday.Also I had flat trades in ELN and NEOP so I ‘ll be watching those as well. For shorts I still have my eyes on SWSH ATRN and GNOM. Should be another big day for us. If you are not in chat , join here http://thelincolnlist.com/lincolnalertschat/
Watchlist longs: ACAD ANTH ADY
ACAD
I like this one to challenge and break through the $2 barrier. It’ riding the resistance line. It either goes or pullback
ANTH
Positive data has got this right up to highs after a sell off. If momentum can carry over in the a.m. above 7.05 it could get to the 7.50’s. Could even be a short on a gap up and early run
ADY
On a mini parabolic run. I can see a 30c up move in this but it may take 2 days. I’m not apposed to shorting this because I think $10 is the ceiling here
PFSW
Up a 100% in less that a month. The RSI is only at 86 so there’s a little more upside potential but I’m stalking this one short. Probably as a late day fade
MGIC
Some of you know that this stock was once admired by it’s peers but not anymore. This thing is in bad shape, If it takes out $6 short it and ride it down to sub 5.
