Stock Watch 3.25.11 ” EBIXtuary”
Death is how I would describe the play of the day EBIX. A very lame low credibility Seeking Alpha article buried this stock -30% in 20 minutes. I’m glad I caught the news early and was able to get a good short entry for a 15% gain. That’s why you should be in the chat room. Otherwise you miss plays like this.
Watchlist :LPTH TSON TLB GIGM COOL
LPTH
Love these set ups. This looks like PRAN part 2. Up 71% on nothing spectacular. Of course these can run 2 to 3 days before fading but it’s an obvious short
TSON
Up 26% on FDA clearance. This news is recycled and unimpressive to warrant such a move. It showes from a massive late day fade of 20%. Look for a short as long as it doesn’t gap down.
TLB
Positive earnings player. As we now these can run for a few days and there is solid support in the 4.50’s. Look for a pullback buying opportunity
GIGM
The media stocks were in play Thursday and this one got going nicely. I’ll stay neutral on the stock as it’s based on the media rally . However, this will eventually become a short
COOL
Classic technical breakout. I would like to long this if I can find the right spot. I think this continues higher into Monday
