Recap: Wednesday Night’s Breakout Scan for May 1st
Thursday, May 1st, 2008BONT and HA led the scan with breakouts from their consolidation patterns. BONT had a great day up just over 11% (or .99 on the day) appears like it may test $10 here. HA also was up 6% (or .50 cents). WMG headed towards $9 again but unable to break $8.88. It still appears strong but may want to test $8 to 8.25’s not realy worth the short IMO unless it spikes much higher. Still only on breakout watch ($9 being the breakout point). STEC consolidating still topped off at $9.40 ($9.39 the day before). This is becoming the point to watch, if it doesn’t break in the next few days it may test $8, if it does break it may head towards $11-12 not just $10. But either way I don’t like STEC or WMG for shorts.




