Stock Watch 4.29.11 ” Junky Jackal Trades ”
Zzzzzzzz. That sums up Thursday unless you were in LEXG long then your story is a bit different. The market may reflect higher numbers but the charts were somewhat unpredictable. Lately the market has been going on these tears right at days end but sometimes it gets all wacky and unpredictable. There is an inner demon inside of every trader that makes them feel obligated to trade something or look for something to trade at all times. This often leads to junky jackal trades and those can kill your P/L. On another note this LEXG is the greatest pump job the world has ever seen. Enjoy the view because you probably will never see anything like it for a while.
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Shorts HHS and previous players REDF SIFY
DRRX
A little earnings player on the move. If it can get into the 3.70’s it could be a good trade. I don’t think it’s a huge runner but it can put some money in your pocket.
ARIA
Cupping towards a 52 week breakout. This is a pretty reliable pattern and should run if it gets above 8.65/70
TAST
Touched above it’s 52 week high and then closed slightly below. This is a nice upper consolidated chart that should at least test $10
PACR
Good numbers got this thing arisen from it’s grave. It was up a lot on the day and I don’t know if it will continue. If the bullish momentum fades this could be a nice short too.
HHS
I guess earnings were not impressive. This was a major beat down. I don’t normally like to chase shorts down this much but when downward momentum gets going it’s hard to stop
