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ARGN great rebound off the bottom – watch for a squeeze out of open could test $6 or near it, then watch for weakness
AXL should open higher than $4 and move right out of the open this one has room to run as well – watch for any spikes followed by weakness
FRZ waiting for this one to perk up a bit slowly gaining volume and price, once it squeezes may test $4 quickly
GKK one of the hottest stocks last week, if it doesn’t continue its move out of the gate Monday people will start to take profits. I’d expect a gap, possible re test of $3 if it fails watch for the weakness to kick in
MMPI – theres been a lot of reversals coming off the bottom between .40-.80 cents and running through $1, this doesn’t have resistance until $1.50 range
PLA – Large percentage gainer I’d like to see it test $3 – gradual move through the day Friday and lots of consolidation in the mid 2 range which can support a move higher, if it doesn’t make a move right out wait for it to head red on the day
AGM bottom reversal watch, first day up significantly past previous attempts.. has room to run towards $10 if it consolidates around that level this may turn into a swing trade
VHI lots of resistance in the late September early October trading range keep an eye for the test of $15, I’d let it break through it and once weakness kicks in, if it heads under $15 again join the weakness
PENC from scan the other day where I added at $1.16 looks closer to breakout today it may be slow and steady but definitely at a break point nearing in on $1.20-1.25
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November 3rd, 2008 at 11:22 am
SKF keep an eye for sub $123 level for a swing to $140+ on market weakness later today and tomorrow imo
November 3rd, 2008 at 12:16 pm
SKF starting to gain strength here
November 3rd, 2008 at 1:26 pm
Hi IL – I am seeing the same type of strength for both FXP and EEV as well.
November 3rd, 2008 at 1:29 pm
Hubert market bounced and is holding so far so the strength isn’t there once Dow checks back under 9300 it’all be auto pilot, if it doesn’t SKF heading lower…
HIG has been a decent trade…
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November 3rd, 2008 at 1:56 pm
HIG nearly tested $14 great breakdown, SKF holding steady market came back a bit
November 3rd, 2008 at 2:33 pm
Great call on the GKK today. I was already holding the stock, got the gap up that you predicted, then sold as soon as it showed signs of weakness. You were right in assuming people would take profits as soon as the rally wore off. It is still a good company with a lot of potential – it just needs to consolidate a bit.
CC is running hot right now. I am looking for a 3 day rally on it and if it mimics what KMT did a few years back, should really go a lot farther. KMT was on the brink of complete closure, but they closed their unprofitable stores and eventually did very well before going private. I see the same thing at CC.
November 3rd, 2008 at 3:06 pm
SKF heading higher good sub $123 buys