Stock Watch 4.21.11 Stock Watch 4.21.11 ” Dollars in them there Eggs”
This will be our last trading day of the week as the market is closed on Good Friday. When I was young my Grandmother would hide Easter eggs all over her yard. Most of them had quarters and small change amounts in them but many of them had full dollar bills wadded up inside like a hedge fund bank roll. It took us years to figure out that all that all the eggs hidden on top of the hill, the furthest from her house were the ones that had the dollars in them. That was big bucks to an 8 year old. She just wanted us to work hard for the extra money. I still remember her voice when she said ” There’s dollars in them there big eggs on the hillside”. Yes, she spoke just like that. Us hillbillies are full of style. Those were some good times. Everyone have a great holiday weekend with your loved ones and enjoy the little things. Happy Easter 🙂
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Previous players from chat to watch ( no charts) SIMO CRUS REDF SIFY ACAD IMGN SWSH BKS
Watchlist longs USAT IMRS
Watchlist shorts TIVO MOBI OCZ
USAT
I’ve gone back and forth with this on Most of the time it fades after early morning gap ups or runs. If it can clear 2.75 it should make a 3 run.
IMRS
Bull flag breakout on the daily chart. $8.42 is a technical breakout area of more substantial proportions. I would like to see a move followed by a pullback then a run towards the 8.42 level
TIVO
TIVO has been going through this lawsuit issue for over a year now. The stock has made these super huge move and most of the time it fails at follow up. I would rather be short this than long because the euphoria of the news may wear off Thursday. This can be a highly volatile stock. Be careful chasing big moves to the downside. Monitor the spikes.
MOBI
Has been on a mega bullish run for a while but dropped significantly on Wednesday. This is the largest single day drop from MOBI that wiped out 2 days of gains. If it shows more weakness it’s a short. If it shows any basing or bullishness this may be a washout.
OCZ
A Seeking Alpha fraud article sent this thing to the carcas house. It was a reprint of a Copperfield research article http://www.scribd.com/doc/53435574/OCZ-The-Master-of-SSD-Shady-Suspect-Deceitful. Seeking Alpha seems to have high influence over stocks latly, like Citron and Muddy Watters. I mentioned in chat Tuesday after longing the breakout that something wasn’t right with this stock. Fortunately I bailed and that was that. These pumper houses are notorious for manipulating stock. Even in the report the disclaimer says that , “As of the publication date, the author of this report has a short position in the company herein and stands to realize gains in the event that the price of the stock declines. Pretty nice huh. Anyway we’ve seen this before with CCME and RINO. I would short any negative press on this thing. Under no circumstances would I buy this. 9 times out of 10 these fraud articles lead to halts. If you are ever stuck in long a position during a halt 9 times out of 10 you’re going to wish you never heard of the word stocks. It can be a demoralizing experience.
