Stock Watch 3.16.11 “Bully Beatdown”
The market took a huge shellacking on Tuesday. It managed to gain some of that back but I didn’t think the rally was that impressive. The bears for now are putting the bully beatdown on the bulls but I expect a washout or bottoming soon. I have a few nice set ups here that should work well Wednesday. Trade them well
LCI
LCI is riddles with issues. I look at this spike as an opportunity to short this. I’d rather see it go up one more day to make it worth while
AVEO
AVEO is not know for mounting sustained rallies. I doubt this bounce lasts longer than 2 days. Look to short on anything but gap downs.
CBLI
One of the only movers Tuesday. I think it’s about time to look at a short especially since it faded from it ‘s highs. Hopefully it doesn’t gap down and blow the trade
BWEN
Another mover that faded. I’d like to see one more bounce to short but we’ll see. Also I would consider a long off early strength.
ICOG
Please put together a day two rally. This has the makings of one of my favorite set ups. The higher this goes the better. Slaking for a short
