Stock Watch 5.6.11 ” Dump Truck”
The news dump truck dumped a load of We’re laying people off again” ” Gas is too high” and ” Bla bla bla”. That got the panic wagon going. I really do love this job. Traders are so predictable. When you know how to maneuver in and out of this garbage you’ll find ripe opportunities every 15 minutes. GENE was may go to stock again. I’ve literally made a months worth of profit alone on that stock this week. I will truly miss it when it’s gone. Trade well Friday.
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Mostly longs on this list because there still are many shorts carried over from the last few days watchlists. Keep an eye on BDCO LEI and ROYL. If this sector gets attention these stocks are notorious movers.
EONC
Nice bull move here. Could still continue higher but EONC is a the kind of stock that doesn’t want to be a winner . Will look to long and then short on volume.
ZSTN
Has now filled in the gap to 4.40 Like to see a move to 4.60/80 and then short. If no up move will still consider a short.
SHOR
Strong breakout at 11.05. In a more optimistic market this probably would have gone higher. Look for more upside Friday
TNAV
New up leg should start now that it;s above 14.20. May lay around for a while but keep on watch.
