Stock Watch 2.17.11″ Stick With The Losers”

You have heard the saying “Cut your losers and ride your winners” but in the shorting world it’s ” Stop watching winning stocks and look for junk” Crap stocks beware. I’m on the lookout for you. I will find you, annihilate your existence, restore order to this madness and collect coin for my services. Ok maybe not that dramatic but you follow what I’m saying. Tuesday was another big day in the chat room with winning calls on TTMI LLNW PCAR IO and REDF. There have been a lot of stocks that were previous bull breakout buys that were good shorts today like REE MGIC EXEL IO LLNW CCME to name a few. And there will be more Thursday.

Watchlist LOCM PAL PACR PWAV CAST NSIT LZB

Previous Watchers Still in Play KV.A VG LVLT CCME LLNW REDF

LOCM

Nothing the market has done recently hasn’t meant squat to LOCM. They missed earnings 2 weeks back and not this is touching recent lows. If this goes below 3.90 It will washout all the bulls. Nice short

PAL

Does everyone want Palladium now? Who knows. I will say that if this can get through $8 it could really ignite. Watch that closely

PACR

Good strong rally today. I don’t know if I would buy unless it pops above 5.85 and stays. If not this may be a good short as well

PWAV

This did a pretty sloppy job of trying to break out. It looked good until it faded in the afternoon. I ‘ll stay neutral and see which direction to play tomorrow