Stock Watchlist 11.10.10 Oh RINO and CSCO

We had a very nice predictable day in chat. Right off the bat we picked up a nice short on LLNW and then what seemed to be 20 different shorts on URRE. The URRE play want as nice as yesterday but that’s trading. Some stocks deserve to be shorted and I’m not done with URRE yet. The big news was a derogatory report published by Muddy Waters research on RINO. After the report RINO got dropped like the CEO of BP. To top it off after hours CSCO missed guidance by a mile. I don’t trade large caps but this should impact the markets Thursday. When perma bulls get to euphoric the market always plays the smack down

AMEL

What is this? Most of you should have seen this before. This is major parabolic. This deserves attention as this behavior certainly will not last. I hope there is no tank in pre market that way I can have a shot at shorting. Make sure to locate shares on this as sub dollar stocks are tough with some brokers

ASTM

Didn’t see this one until late in the day what a bummer. Nice pullback off the $4 highs. I like shorts on any rally that fails $3.90/4 Or any take out of $3.50. No support on the chart until 2.90’s

AUMN

I want to go back to this for a second. It’s been brought up as a short 3 days ago. We have been talking in chat about the “Arch” pattern. This is one of my favorites. Look at AUMN on the daily below. That is a textbook arch and that is bearish. Remember if you short AUMN you need to be prepared for 20-30c moves.

AERL

A good short on this two days ago. There is a Superman pump long on this one and Sykes spamming fraud letters. Not sure if he is still short but this second round of pumping may spike it some more.