Stock Watch 4.20.11 ” REDF Wine”
Tuesday we drank from the fountain of REDF wine. That stock was an absolute animal. It was hard not to make money on that thing. We also had stellar calls on OCZ SIFY and a INVE short. The best part about this job is that all these monster stock breakouts you make money on today, will be monster shorts in a few days. It’s like an ATM machine. I’m sure we’ll be playing SIFY and REDF all week. Some other stocks outside of the watchlist I like are ACUR UCBI and COOL. Trade well Wednesday.
Watchlist longs ADAT CT BKS ROAIK
ADAT
This is actually may be a short. With these small caps busting loose I would understand if this runs higher or consolidates and goes higher but this will soon be a short
CT
This is set up nice for a four run. Above that it could make it to 4.50. Not sure it’s all in one move but worth a look.
BKS
A massive late day push caught the momentum train. This is still one collapsed chart. I would think that maybe a morning run up but that’s it. I would keep this on short watch too.
Nice upward chart and a clear daily breakout. It may need to rest before breaking out again but if it has momentum and volume Wednesday I’ll play it long
HNSN
Getting to the point of overextension I would like to see 3.50 to 3.75 first to make it a much better short opportunity
CPY
Downtrodden and broken. More and more bag holders are going to want out of this thing. I want to watch the bounces to see if a short set up opens
