Stock Watchlist 11.24.10.
URRE AFFY IRE CRUS ASTC PMTI. And a Wasteland of stock you already know about
I was not very accurate Tuesday with my calls. Every so often I’m totally off base and Tuesday was it. I liked the set up on TQNT but it proved to be a fake out. In hindsight there were other go to stocks that had better odds such as AERL but that’s trading and at the time TQNT looked nice. This is the last market day prior to thanksgiving and the markets will be closed on Thursday. Next watchlist will be Thursday evening. Enjoy your holiday and be thankful for what you have, not what you don’t have.
URRE
Yes URRE is back . It was bullish all day and after hours it’s still rolling. As always I like to short stocks that are up so I’m looking for continuation Wednesday followed by weakness. Also watch URZ
AFFY
Nice two day parabolic move on the daily chart up about 40%. I shorted AFFY not to long ago and I’m familiar with the behavior of this one. This ranks as a high priority short as long as it doesn’t tank in pre market.
IRE
Stock has simply been obliterated but after hours the Irish government took a 50% stake in IRE. It’s rallied some but we will see tomorrow. One way or the other action should be in this name.
ASTC
I’m not 100% sure but there were a lot of stop orders tripped on this. I think this was a massive squeeze but we will know more tomorrow. ASTC pulled off the highs and faded some but not enough to write home about. Leaning to the short side. The tape will tell.
CRUS
I hate this stock. Cramer loves to pump this thing but looks at the chart that tells the story. CRUS never holds up and I seriously doubt this thing moves up much higher. In the past I haven’t been able to nail the entries on this one but I will keep it on watch.
PMTI
Another old friend in the fray. This has been trending steadily upwards over the last month and broke out big today. I may buy this but it will have to pull back some because I don’t want it up here. I’m not apposed to a short but it will have to show some fades first.
Welcome to the Wasteland. Stocks that always seem to be on our list that are still in play.
EDAP– Short
NENE- Long
EXEL-Short
LNG-Short
HLYS– Neutral