JRJC - This is why its important to be a trader and not make stupid bets! After a brief correction towards $18 back on track and broke WAY past the $21 I anticipated for the bounce. This is definitely in squeeze mode and may play towards $25! This is why pullbacks are healthy because it locks in new longs and those who don’t just play the healthy corrections and cover get squeezed. $22 is a BIG break, that will push it past prior highs, it should gap over this resistance.
Some other blogs HERE HERE and HERE.

WSCI - I’m watching for bounce here at $13.63. This had a low of $13.02. This is definitely one to radar. If it sells off out of open, watch it like a hawk. This can do what FEED did today, sell off .50-1.00 more knock out any other stop losses (force people to panic sell) before recovering towards the upside. Also similar to what we saw above in JRJC, and squeeze right up past prior resistance.

Many of Wednesday breakout stocks are still on scan: VIEW HERE

If UTEK can’t hold $14 this will be good for $1-1.50 downside IMO. It squeezed at the close today watch for a gap and crap. If it can’t break $14.50 radar it for the short back to $13.

CNC - it’s attempted to break $19 twice, both unsuccessful, watch for the third attempt, if it doesn’t again, third times the charm see you at $16-17. IT HAS however corrected and recovered quickly from Tuesdays dip to the mid $17s (this is a sign of strength -bulls are still in control) so I’d like to see the bulls win, have this surpass $20 and then think about the short!

MESA - watch for this one to break over $1.00 it may squeeze from there but the more it squeezes the better because this will more than likely end up back in sub dollar range once it passes. Even with the recent settlement.

Tags: CNC, JRJC, MESA, UTEK, WSCI

This entry was posted on Friday, May 2nd, 2008 at 12:36 am and is filed under NASDAQ, Plays, Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.