Stock Watch 5.10.11″ Drug Dealer”
With the ASCO conference coming up expect a biotec fiasco. The legal drug dealers are out to talk smack. http://chicago2011.asco.org/ Monday every sub $1 bio was taking off most never held. I would expect old names like RNN DCTHbla bla bla to start attracting attention. Some are worth buying but many of them are supermodels parading around at a garbage dump. Anyway stay nimble with these and don’t get locked in heavy on swings.
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CYCC
Expected to report earnings in 3 days. Possibility of a run towards 1.90/2. I wouldn’t hold this into earnings, nor would I chase this up. Only buy if it pulls back and consolidates and then goes. Also may end up as a short
ONTY
The company lost money but the stock still went up. There looked to be a breakout at 5.25 but it faded. There is some unpredictability with this chart because of that I’ll just watch.
NATR
Low volume player getting a boost from earnings. I don’t like the volume but I do like the look of the chart. If more volume comes in could squeeze to 14 before needing to be shorted.
VHC
Had to put this back up. Now that it’s been forgotten by scalpers and momo traders it looks to have gained footing for another upswing. VHC is a volatile stock . If you play it adjust your position size accordingly
BIOS
This should be a nice short but maybe not on Tuesday . This chart pattern is similar to how IMGN was. Still could go higher. Look to play both ways
ARIA
It’s still going. I couldn’t tell you if it will go up tomorrow but I would like to see a small drop and then buy because the stock doesn’t move but 30c a day.