Stock Watchlist. 2.23.11 ” Victory”
It was a day the bears and many traders alike were waiting for. The market dropped fierce all day and many of these high priced stocks became humbled. Who knows if it will continue but it was nice to see some volatility for a change instead of these inchworm days. Still, regardless of the market we continue to make money in chat. With longs and short. n tribute for the victory of the bears I couldn’t help but remember this scene from Braveheart. Enjoy.
Watchlist SCI PDC MALL APRI RLOG GBR
Previous watchers still in play: CCME REE REDF LOCM CELL OCZ KV.A NANO
SCI
Very close pattern to CELL. Was a little late when I found it Tuesday but the stock can’t break out to save itself. Any failed spike is a good short set up
PDC
This managed to avoid the damage today but I think the run up is due for a nice reversal. Looking for an a.m. spike followed by a fade
MALL
Four days after earnings this thing is at 52’s. I want to remain slightly nutral/bearish on this. Only because I don’t see the great RR to the upside
APRI
Monster ramp up on good news. Should continue to the upside but I don’t want to chase. Will see if there is a spot I can get long with good odds.
RLOG
Pretty familiar chart. Seems somewhat overextended here. Not sure of the availability of shares but we’ll see what kind of volume and action this has tomorrow.Low volume stock.
This chart looks like a pump and dump but it’s not. That huge blast of volume and price action is abnormal. It wont be long until momo traders find this. I want to short but it needs more volume.
