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Archive for May 23rd, 2008

Check out Tim Sykes at LiveStock

Friday, May 23rd, 2008

Check it HERE. Pretty neat for those who are just beginning to trade that want to learn how to read a level chart.

Please view that here: http://www.mogulus.com/livestock

GTE Beautiful Correction After the Big Move

Friday, May 23rd, 2008

GTE had a nice correction after being unable to break $7 it went a lot lower than I thought - went to $5.05 I figured it would correct to $5.50-6 as mentioned HERE

GTE

KYUS had been getting toppy today at $4.33-4.34 I figured last night it would top at $4.25-$4.30, lets see how it does by holding through the lunch hour. You can read that HERE about my thoughts from last night. If this holds through the day it surely will squeeze into close. if it breaks under $4.10 however the masses will be selling.
KYUS

MXC I think it’s going to consolidate around this level at $37-38, lose its volume and slowly sell off over the next few weeks but it will probably test $40 and squeeze over it if it breaks but I don’t anticipate the move to hold. It will just be another attempt for the big guys to lock in some good shorts at high prices before it returns back to reality. I wrote about it last night HERE.
MXC

AYSI breaking to new highs
AYSI

PEIX getting crushed today watch for this to bottom around $4.25-$4.35 for reversal after the long weekend (Tuesday). It may test $5 and thats about it, I wouldn’t expect this to be a long more than just trading the bounce.

After the volume stops and interest leaves this will probably settle right back down, but while the interest is there, we might as well look for opportunities to trade. If $4.25 breaks down let it test $4.00 but I doubt it will go much lower than $4.30 today and Tuesday.
PEIX

Scan For a Slow Friday Expected - Day Before Memorial Day Weekend

Friday, May 23rd, 2008

Few on watch for tomorrow. Lots of plays today, if you are around during the trading day tomorrow take a stop in chat at http://www.investorslive.com/chat.php

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PSDV nice walk up, finally got some volume and a breakout, watching for any follow through.
PSDV

TWP - Watching for the gap and run towards $14. That’s the key level here, either it breaks $14 and squeezes more (where we watch for the short on any .50 to 1.00 move) or it doesn’t break $14 and we short it for a correction back to $13.
TWP

BHBC - Consolidation around the $2.50-2.75 level, watching for a $2.85 break which could push it through $3+ for a spike back towards $4. If no volume comes in and no follow through… this may just float around the same level and head back into the 2’s. So I’m only watching for the $2.85+ break.
BHBC

TSYS has been flirting with $5 dollars for about 2 weeks now, closed today at $4.99. After a big dip today and closing at the high of the day this shows a bullish (longs in control) move which may be able to support the break to $5.50+
TSYS

SINO is going to be the best one to trade tomorrow I expect swings both ways to be enormous $2.00-$3.00 both ways.
SINO

MXC / PDO / PFF

These again will be volatile I’m sure, MXC may want to gap a bit to try to scare shorts to cover or it may want to gap down to trap more shorts so it can bounce. Either way the bounce will be limited in my opinion and as you’ll see over the next few weeks the volume will go back to slim to none before it craters back to the $20-22s. But since there is volume, it is in play I do expect a slight bounce. If it test $30 it’all probably screw a few market sellers with the wide spread and those orders will fill $28 range. That’s where I’d buy for a bounce back to $35+
MXC

PDO and FPP I’m using the same game plan

PDO may want to test $17-18s before heading back to $22 - $23-25 is top in my opinion the move is done, longs will try to squeeze shorts again but there is a point where it even gets risky for the longs if they get stuck holding a bag of exactly what these companies were 2 weeks ago (nothing of interest to anyone .. anywhere)
PDO



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