Stock Watchlist 10.29.10
Made some killer calls in chat today. We have been hitting some solid winners as of late and I think we are moving in the right direction. Of course we would like to see more members in chat but if we keep making calls like we have been it will catch on.The “Rare Earth” bubble got popped a little Thursday when China lifted their embargo on rare earth shipments . Problem was I couldn’t find shares to short. What a bummer. We have seen this before and the stocks have show incredible resiliency. So we will see if they can stay down.
FLEX
Flexing it’s muscle a little today. After solid earnings it held it’s gap up. I will remain bullish on this one as long as it stays above 6.80. I may concider a short but these earnings plays can roll for days. So i will wait before shorting
MOTR
This one has been sneaking by me lately. After looking at some intra day time frames I noticed that on every pull back this this is being bought up. Not only that it has fallen off the radar a little. It can be a little choppy at times but worth a look. I would only play small because the stock could tank quick.
PTEK
Another break out chart I like. Got a real nice pop today and managed to keep it and rally to the close. When stocks do that they will most likely continue for the next day. Maybe a little bull run on this one.
MIPS
This was brought up in chat today and I kinda like this as a short. The daily chat has planted in some exhausted candles and it looks like it may be topped out here. There was a little bounce into the close but I would like to see a Friday morning upswing and then short.
SIMG
Held up after the second day of a gap up. I like this one as a short towards 6.50. If it blows through 6.50 fast then it may head towards 6.80
Rare Earth
We’ve been playing these names for a while and that’s ok because they are still in play. I have done enough analysis on them by now so you should be familiar with the usual suspects. REE MCP SHZ. All prefer short