Stock Watchlist 10.28.10
TWER USAT LLNW MCP REE CDTID RITT TORM F
Mid day momentum plays dominated in chat today. Hit CDTID for +1200 gained and then NENE for +800. Both plays moved from the moment I entered the trades. Congrats to all those in chat who were able to take advantage of these. Many more plays open for Thursday.
TWER
I really like the breakout pattern of this chart and it doesn’t hurt that TWER is a 52 week highs. The wireless rally isn’t as strong as the rare earth rally but what is. I’m bullish as long as TWER stays above $3. If there is a gap up and a spike in the morning I will look to short around $3.30
USAT
I like this as a breakout play but I don’t like the action of this stock It’s worth a look if it can maintain above 1.50. If that’s the case I may nibble at a buy. f not I don’t think It’s a short candidate.
Nice stock to play if you can catch it,. It either breaks out quickly or tanks quickly making it an easy miss. Today was an unbelievable short setup when it faded from the highs of the day to give up almost 50c. I completely missed it while I was starring at the run up. Will watch for now
Take over talk got this thing going in a/h trading Tuesday and BSDM held it’s gains all day and closed strong. No verification to the truth of the buyout rumors but I thing this has another day or two of running to do.
LLNW
Still bullish on this one but today the chart was messy and unpredictable so I didn’t play it. Best strategy seems to buy on the dips
REE MCP
We have done enough talking about these. I know they are way over bought but they still have more upside to them and now there will be “rare earth” ETF’s I imagine more of these will start popping up on my scans. he only one I will short is SHZ. REE and MCP are just to strong right now but the party could end at any minute.
CDTID RITT TORM
All three of these have blown the doors off of normal and we know the last two are being pumped with big dollars. These low floaters can be easily manipulated. Again be careful when playing these but they are certainly worth taking a small position as most of you saw today in chat when we hit CDTID for +6 points. Only buy on consolidated dips at the bid. Do not chase these.
F
Still in this turd. All signs looked good yesterday for the swing buy Wednesday morning they dilute the stock. I think some of that is priced in to the drop today but my limit is $13. It has to hold that or I’m out.