Stock Watch 2.9.11.” Broken MOTR”
Good day all around in chat in spite of the sloppy market conditions. Not surprising as when you get monster days like Monday stocks get a hangover and Tuesday was a little sleepy. In after hours MOTR missed eps and was crushed huge. Jim Cramer was pumping this huge on Mad Money http://seekingalpha.com/article/251419-cramer-s-lightning-round-the-most-undervalued-commodity-play-in-the-world-2-7-11?source=yahoo and now some average investors have some serious wounds to lick. Also,Wednesdays the day TA has to step up to the plate with after hours earnings. They better choose their words carefully. Still can’t see this thing holding up.
Watchlist IO USAT GRS LNCE AVL ISTA
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Previous Watchers. REE MCP ZLCS MGIC IBCP TA
IO
I got all hot and heavy over this chart pattern let’s hope that doesn’t hinder me. In chat I talked about 10.10 as a launching pad so I’ll be interested to see if it can do it. There was a late day smack down on this but we’ll see.
USAT
$2 was a nice overhead resistance point and it cleared that today. This is a little inconsistent with it’s chart patterns but it may run to 2.25/2.30
GRS
Strong 8.50 breakout and ran all day but maybe too much. I would have to se the momentum Wednesday but I may want to short this on any spikes or failures to make new highs
LNCE
This stock is bad news. It simply can not rally and to top it off they lost money for the quarter. Even thought his is down there could be much more tankage
AVL
Rare earths were on tap Tuesday with buyout chatter from MCP. This was the nicest chart of them all. If rare earths run this should make new highs
ISTA
Supposed to have all of their transgressions behind them but insiders are dumping shares. I want to short this run up because the probability is high for a pull back.
SUNH
API
