Stock Watch 4.11.11 ” Parabot”
Another solid week in chat. Right now there mucho grande plays out there. I’m ready to get back to work after a so so weekend. I say so so because I was drilling a piece of metal in my garage when the drill slipped and the bit went through my index finder. It hurts and of all things it’s my trading finger. I should be ok. On another note Sunday night I was watching an episode of Ghost Hunters and the guy built a spirit catcher kinda like the did in ghost busters. I found it so cheesy and hilarious I thought I would show you a video. I can’t make this up!
Watchlist Longs DBLE LPHI PLAB GY Shorts CAAS QLTI
Previous long watchers still in play FTK HNSN
Previous shorts still on watch PRMW
DBLE
DBLE is a volatile mover but if oil or energy is a mover on Monday this will easily blow through $12. Also a short on overextended conditions. Will not short slow fades on this stock
LPHI
Chart looks like a washout and this could be a possible basing pattern. I like this above $8.30 then a run to 8.60. Above that this could run for days. Wait for it to cross 8.30 before buying
PLAB
I actually shorted this a couple of times of Friday for some decent gains. I think this breaks out through above the 9.25 area. If you do miss the morning run up you can wait for a short fade like we did in chat. This is a long and short player
GY
Nice looking breakout chart. At times it looks like GY goes dormant for a few days then makes a move. I’ll stay neutral for now and if the action is there Monday I’ll grab some long.
CAAS
I’m not big on shorting earnings plays but i think Caas is an exception. This thing has been is a killer downtrend. Then they report good earnings and caught everyone off guard. This shouldn’t be up this much. Will look to short early
QLTI
I like the way this dropped in the afternoon. If there is a chance to short a spike or a slow fade that would be ideal. If it gaps down I wont short .
