Recap for Tuesday the 4th of November
Posted Tuesday, November 4th, 2008 9:07 PM in DailyRead, Recap by IL-Editor
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LNG right off $5 where expected it dipped right back under $4 straight to $3 before recovering back to $4

VDSI keep an eye for the fade tomorrow if it doesnt test $12 out of the open

MECA broke through $4 squeezed out of open but wasn’t really a worth while short today – could have gone either way, keep an eye on it for continuation tomorrow followed by weakness

HIG still a big swinger during the day with a ton of volume – $2 swing on the downside before recovering up another $1 today still has room to move towards $20 before it cools off

ASTM big gap this morning followed by weakness as STEM dropped

STEM exactly as expected hit $2.25 and right back down to $1.75

CVI bullish move today each dip was squeezed right back up towrads the $5 range – this should test $6 out of the open tomorrow

AIG coming around rather bullish watch for dips

ABK wrapping around nicely as well could test $4 tomorrow

CROX $3.50 test as expected and it sold off a bit, it did recover back and probably has another day in it – I will be watching for weakness tomorrow

GRRF keep an eye for the $1.50 to hold

RZ provided one short opportunity from $5.20s to $4.90s but came right back to close near the high, keep an eye on the gap open for this one and watch for it to fade/weaken and go red

Chat Logs available HERE from November 3rd. The chat logs will be in HTML format shortly – there was a minor hiccup during the day yesterday which caused a data dump which you can see the change in time stamps and date, all logs shown are really from November 3rd (not 2nd) but today’s logs should be just fine.





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