MSFT drops YHOO bid .. But really… What else is in play?
YHOO has been on quite the tear since pre-market lows of around $22, currently at $24.70!
DSCO - not sure this can hold the bounce, it may test $2 but this is just a ‘dead cat bounce’ or people ‘catching the falling knife’
Last nights scan: (VSCI) (SSBX) (GTXO) (LGDI) (ANAD) (TSYS) (DBTK) (AVR) (RUTH) (NTWK) (MOSY)
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VSCI making new highs
SSBX tested $2.54 not enough of a sell off to make me jump in, may need to let it consolidate before it bounces
GTXO already surpassed Friday’s volume, leads me to believe some type of program going on…
LGDI held the $4.00 level opened at $4.08 and sold dipped a WHOLE ONE PENNY out of open (aka very strong support as I was looking for on last nights scan to confirm which direction this would head) looks like its just going to channel the rest of the day, I’m watching for an End of day move -which direction? To be determined! Those of you who follow what Tim Sykes has to say probably benefited from a profitable short opportunity earlier and eyes are on it again for the rest of the day/week.
The last five on scan all have held their gains and are consolidating nicely AVR, RUTH, NTWK, MOSY, TSYS these all may test higher by Wednesday
ANAD and DBTK still consolidating, DBTK watch for the $15 break
Tags: ANAD, AVR, DBTK, DSCO, GTXO, LGDI, MOSY, MSFT, NTWK, RUTH, SSBX, TSYS, VSCI, YHOO
