Stock Watch 4.7.11 “Wall Street Tigersblood”
Sometimes I could uses a shot of wall street tigersblood. We bagged out so many good calls in chat I wore myself out at midday. I went 4/5 on trades and I know chat members had some good plays working too. There are so many micro cap stocks in play that it’s impossible to keep up. Just make at list of 5 or 6 and smack them around all day like you’re a stockstar from mars. For Thursday I want to look at some older watchlist possibilities . XNPT is up 50% after hours so there should be an abundance of opportunities there. I also want to look into shorting SIFY MCZ and SWSH. SIFY is well into oversold levels and others in it’s industry pulled back Wednesday and MCZ is offering a shelf so we’ll see how that plays out. I shorted SWSH Wednesday and made a few dollars but the real breakdown hasn’t occurred.
Longs CRIS SCI IBCP Shorts UTSI GNOM PRMW
CRIS
Bought some off the late day breakout and kept a small amount overnight. I’m just looking for an early morning gap and I’m out. After that I may look to short
SCI
I like the look here consolidating for week and it’s right on the edge It either breksout or folds either way it’s fine with me. Thing the higher probability is bullish breakout
IBCP
Nice breakout at 3.48 and a strong close. I can see it running some more tomorrow. Also a possible short after momentum dries.
UTSI
It’s time to look into shorting this. Not only is it stretched but each daily candle is smaller than the other. Will play it by feel in the morning and see if it sets up right
GNOM
Only 2 down days out of the last 12. Very VHC like without the hype. Still could run more but I’m stalking it as a short. Like to see a nice a.m. run then short this into strength.
PRMW
This thing has faded every spike for the last 6 months. There is solid support at $12 but we have a lot of room before that. If this hits $14 I’ll short a nice size. If not I’ll look for a fade or failed rallies to short.
