Stock Watchlist 11.17.10. Don’t Believe the Hype.
AERL EDAP FBP RINO ASTM NENE NNVC XIDE
Tuesday was my day. I focused on the stocks I wanted and nailed AERL for a monster gain. All while not watching CNBC and grabbing tips from all of those world class wannabe traders on Twitter.When I do that, I make money. It’s been a rock star week for me trading but I’m annoyed like Lindsey Lohan in rehab from the barrage of tweets and retweets of so called traders I should be following. I don’t mind a nice mention but some of these traders have horrible track records and pathetic calls. Point. Do some DD on the stocks you buy/sell and some DD on who you recommend. Remember half of the people you know are below average. Tune out the noise and let the market come to you. Rant done.
AERL
Watch the video
EDAP
This has got the look we want . Two to three days of skywalker moves to the upside and then tank time. It’s like following an armoured car and a huge sack of money falls out and you say hell yea! Hardly any stocks can sustain such momentum and I don’t see anything special about EDAP. As always would love to see some bullish a.m. action followed by a fade or a little drop in the first 15 minutes. Good short as long as it’s not down 30% in pre market like it did September 8th.
FBP
Buy. Brewed some nice consolidation over the last month around .26 and broke out today in the low 30’s. She wants to see greener pastures. Regionals like to run for a few days so I’m looking for a breakout to .40/.45. If the market can inject buyers momentum my carry this up fast.
RINO
They have done a good job doing all the wrong things and their stock has paid the price. Now, after delaying their CC the stock gets butchered up after hours. Although RINO is down a ton it still may be a good short on what looks to be a definite morning panic. May be a buy as well but needs to base first.
ASTM
Shorted some close to the bell but their wasn’t enough time for the chart to play out and it bounced a little a/h. Good. Thursday is closing in and this sucker is in the toaster
NENE
Tiny weenie NENE is either going to break out or drop like a rock. At least we will know soon as it’s perched at a double top on the daily.
NNVC
If this thing stays above 1.60 it will inch to 1.70. Every time I write this thing off it rallies. I’ve bought this in the 1.40’s. Never thought it would get here.
XIDE
Nice weakening daily chart.However this hasn’t really tanked much in this tape but it’s due. I’m not sure it’s a monster trade like AERL but I will keep it on watch.
