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Archive for May, 2008

Tim Sykes Live Again at Livestock

Friday, May 30th, 2008

A slow Friday … Not too much moving… Why not join chat and view Tim Sykes live at http://www.mogulus.com/livestock

It’s actually pretty fun and you can learn a few things.
I will have a recap from this week later on!

Stocks to Watch for Friday the 31st of May

Friday, May 30th, 2008

DDUP at tough resistance, if this can break through $25 this has a lot of room to squeeze - if it doesn’t break it could be a potential short for a minor correction before heading right back up.
DDUP

GST nice slow uptrending chart, watching this for the breakout tomorrow or Monday over $2.00, it must maintain the $2 level once it breaks as it hasn’t the previous 3 attempts…
GST

IBM at 52 week highs, watch for the gap over $130 - this snapped to new highs extremely quickly, it only took 2 days to bring back all gains lost over the last week and a half.
IBM

CNSL from last nights scan, watching for the $15 consolidation level before a move towards $16.

MA - quite a squeeze off the shake/sell off/profit taking in the past few weeks since earnings, what took MA over 3 weeks to drop the distance it did - only took 2 days of recovery to be right back at highs, not to mention… NEW 52 week highs.
ma

V - This was a great example three days ago during the trading hours of a trend reversal. There was one big long that wanted out, or for that matter a big short that felt the price was going to head down. At any rate, the stock kept suffering and kept losing support on reversal attempts. Finally after a good 10 minutes worth of selling off the volume spiked to over 400k shares. Talk about a big seller! Long story short - it turned out to be dead bottom, the stock was absorbed and it broke through all previous levels it was unable to attain when the massive seller controlled the market pressure downward. Its nice to see MA and V behaving nicely as it was one of my first post on this blog. You can read that HERE and HERE.
v

A Few OTCBB Stocks Before the Nasdaq Scan For Friday

Thursday, May 29th, 2008

PWSV hit the $3 mark today, incredible move so far, this could support a large move since its gains have been gradual…
PWSV

PCSV watching for any follow through - it ran towards $4 once before seems to be ready to rock again, watching for consolidation around $1.80 before I take a stab
PCSV

HYHY just placing on watch to see what it turns into, perhaps we start talking about the similarities between this and KYUS and what the circulation is on HYHY.OB in the coming weeks/months
HYHY

Hot Stocks To Watch For Thursday the 28th of May

Wednesday, May 28th, 2008

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BCON not normally one that normally can hold gains for more than a day or two but this time Beacon Power Corp has taken out quite a bit of resistance. It’s stopped right at $2.00, slightly over it after hours but needs to consolidate around this level to support a move much higher. I would use $2.00 as a psychologically support/resistance level - I’d expect a gap out of the open probably test $2.20 before coming back to test the $2.00 mark.
BCON

GROW this had a huge run in the past, if it can hold these gains off bottom and consolidate around the $14-$14.50 level this can begin moving towards the $16-18 level and really start a bottom reversal
GROW

HIMX nice breakout from consolidation - watching for the test of $6.00 where we could see a nice squeeze.
HIMX

MGPI - slowly coming out of some consolidation between $7 and $8 over the past month or two, broke through $8 today, watching for it to hold this $8 level to support a move back towards highs
MGPI

PDXC - and OTCBB nothing too special but has room to move if it decides to continue
PDXC

NAVR cheap stock at resistance levels, if it can break through towards $2 this could see a multi day move on the reversal
NAVR



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