Stock Watchlist 2.11.11. “Daydreamer”
Thursday was like one of those hot summer days where you daydream off into another parallel, losing track of time and your surroundings. The day just seamed to blend into one chart after the other.Couple of good plays but for the most part the day was fluff. Those days come by every so often and it’s those days that typically end in anger over some crappy trade you took when you knew better. After that the anger morphs over into other areas of your life and everyone around you wants to choke you out. It’s important not to force trades and stare at screens until you hallucinate. Just roll with it.
Watchlist SCI MERC ALU RAS SQNM
Previous Watchers GLUU WWW SCON
SCI
Pretty robust launch there that lasted all day. I doubt you see an 18% pop tomorrow but I would like to see a run up in the morning and then short an afternoon fade
MERC
Got an analyst upgrade. Typically analyst are just fancy stock promoters. This thing is reaching exhaustion levels and perhaps a clean short will open up
ALU
This was a beast. Contemplated a few buys on this but it’s just not my style. I’ll let this trade out for the first 30 minuted Friday and take it from there. Will trade both ways if need be
RAS
Another good 18%. As usually I don’t think you’ll get 18% on this tomorrow but with 3x volume you should get moves all morning. Look for pull backs that base out for long entries
SQNM
This is junk. SQNM is notorious for losing it’s lust. I expect trapped longs will want to bail out on this run and take their gains
