Stock Watchlist 10.20.10 It’s all about the SHiZ!
I want to focus on just a few stocks for Wednesday, the ones I think will work best for us. I spent to much time in the PIP atmosphere and it cost me a few other plays. Good group of stocks for Wednesday. I like what I’m seeing and ready to bring my lunch pail to work tomorrow. Get to chat early!
SHZ
This rare earth rally is absurd but real. We all know about REE and MCP but now we have SHZ. The word out is China is low on Rare Earth elements forcing them to pull the plug on exporting to the US. This in turn increase the price of these stocks. SHZ has yet to hit it’s stride yet. This stock pretty much came out of nowhere and the after hours trading was insane. This stock is going to get bought up Wednesday. I hope I can find a nice long entry.
Look at the chart and the a/h buying
RDN
On the verge of a daily chart breakout. Holding up in a garbage market bodes well for this stock. I have issues with this rat. I got plastered hard shorting this in April, not once but twice. I have since come to terms with that a may give RDN a chance. I’m looking for a break of 9.30 to go long. I will not short this. Rules are rules
BORN
The number I’m looking at is $17.50. A clean break of this area sends BORN back to where it belongs. The daily chart has set in two DOJI stars. More importantly. It has closed two days in a row well off it’s intra day highs. This is setting up for a nice afternoon fade.
ABK
Bond insurers have been blowing up based on the news pertaining to put backs or rescission’s related to the mortgage bond fallout. Bond insurers have been requesting that banks buy back pools of mortgages that violate the warranties banks made when selling mortgage-backed securities. I mentioned this a few days ago in the watchlist. I see more upside for ABK. Only as a trade because this company is almost bankrupt
INFN
An earnings miss lead this stock to being drop kicked 35%. I made a pretty good call in chat as a long. The key is the $8 level. As long as it hold this it’s a short term but off of overselling. I would only pick this up to get .50c of upside and then I would close. Stocks like these are littered with bitter shareholders who are bailing on every spike.