Stock Watchlist 11.18.10. Dance With the one that Brought You.
ASTM LNG UCBI ZANE EDAP MCP REE BORN CCME
Started the day with a small loss on EDAP but made up for it with a monster call on ASTM.It was just a sweet set up and you don’t see those every day. Many traders are new to the site and don’t understand what kind of a trader I am. I don’t like to trade a lot of stocks or scan 20 to 30 plays each day. I will look through about 20 stocks in the morning and within the first 30 minutes of trading. I narrow this list down to about 4. If those 4 do not present opportunity I don’t trade. This brings me to ” Dance With the one that Brought You”. When I run into a stock that I understand I will stay with that stock until I have tapped it dry. Ex, SHZ AERL ASTM. Point. No need to chase tons of stocks pick a few of them and concentrate on getting the perfect set up.
ASTM
Conference is tomorrow at 1 pm eastern. I doubt I’ll trade any till after that but I got a feeling the party is about to begin. Stay tuned in chat.
LNG
Its about time to put a short to work here. Having major trouble trying to breakout above $5. If it could I would buy it but it doesn’t look good so I’m leaning to shorting on weakness or failures close to $5
UCBI
Nice little set up from a scan this afternoon. Basically this is just a down trending chart with two days of buying. What I liked is UCBI gave up it’s earlier gains which leads me to believe they wont be able to hang on much longer.
ZANE
Every once and a while trash rises to the surface and ZANE is pure trash. I think they have less than a 100k in the bank. Problem is it gave up most of it’s spike. This thing wont make it through tomorrow.Hopefully I can get my hands on it before that.
EDAP
I screwed this trade up today and I deserved it. I broke two of my rules 1. Wait to short earnings plays and 2. Don’t give profit back. I was sitting on 22c gain and thought it would drop but it didn’t It came right back and took my money. Never give back profit. Will look to short now earnings are done.
The Usual Suspects.
No need for me to continue writing analysis of these stocks because they have been played to death but still room to collect on them.
MCP REE BORN CCME- Every day there is a play on these. Latley it’s been a short. All of these are down a ton but they haven’t stopped. They can be good longs once the bleeding stops.
RINO- Halted yesterday. Lots of opportunity when trading resumes.