Stock Watchlist 10.22.10 SHZaam!
SHZ CHGS ZAGG CDTID LIVE CCME MCP REE BORN (REEBORN hmm)
Little slower on Wednesday but finally some of these rare earth stocks got bushwhacked back down to earth. The CEO of MCP was on the tele last night and they should have kept him off the air if they want their stock to go up. He was detrimental but we’ll see Thursday.
SHZ
No more analysis needed on this. I think most of us in chat were short this. I decided to hold my position overnight and try to cover in a morning panic. Was as low as 3.75 a/h. We will see tomorrow. The CEO of MCP was on TV last night and was doing his stock no favors. The rare earth rally may be over.
CHGS
May be time to short this. Today was a nice buy but I didn’t pay much attention to it. I think there is a little bounce in the a.m. and then we can judge the strength then
ZAGG
Monster reversal and then a breakout. This thing blasted through $8 like it was nothing. This is what happens with earnings/news runners but this stock is way overboard here. I’m leaning towards a short but I’m in no mood to fight the trend. One minute it ‘s headed to the core of death the next minuted it’s headed to the moon. Will look for the morning action to see opportunity
CDTID
Little information on this but look at the chart and you will see why I put it on here. Up a massive 167% today on government contract news. Problem here is there is no float. Traders are having trouble finding shares to long so I cant see a short play at all. There may be a good buying opportunity if your broker has shares
LIVE
Same as CDTID. Monster move but super low float. Keep on your list in case you can find shares.
CCME
I want to short this but it was just too sloppy of a chart. I only want to short into strength as lately CCME has been throwing a lot of head fakes.
MCP REE BORN
The dirty list is still here. As you know these stocks got hammered today. There should be plenty of opportunities in those names tomorrow. Even if that means bottom feeding long.