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Archive for June 10th, 2008

Tuesday Night Stock Scan for Wednesday the 11th of June

Tuesday, June 10th, 2008

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You can view last nights scan HERE. Also - if you haven’t already checked out our chat room you really should, many of these stocks that come into play are talked about during the day as well as others that pop up on radar during the day.

PBY - strong bottom reversal today, almost a double bottom from late January much broke all resistance today from the past month and a half around $9.00. This is a very bullish sign and appears to have power for more than just a one day spike, this could head back towards $12 if $9.50 holds.
PBY

AEL very close to a breakout here - if it can holds todays gains (since it dipped and recovered nicely) I’d watch for the $11 break which could support a move towards $12.
AEL

ASYS - another bottom reversal, this could fill the gap back towards $14 if it can break through $12 here. As far as a play in the next day or two, I’d watch for a dip out of open to buy if it begins to form support, and then add to your position on the break of $10.85 (todays high) because it has a real good chance of breaking through $11 and squeezing.
ASYS

HITK notice mid April spike, where resistance was, if $10 can hold and consolidate this should support a move much higher. theres been over a month of consolidation in the $9s allowing for a powerful move on the break of what appears to be $10.50ish.
HITK

HSOA - This is a long time P.O.S. fund-raising machine but its a low priced stock that many of the guys in chat love to play. It broke the past 3 highs, next resistance appears to be around the $1 level, play accordingly.
HSOA

WZEN Nice gap today - $4.50 is where I’m looking to be a buyer if it breaks as we may see an accelerated squeeze towards $5.
WZEN

Sino-Global Shipping America Ltd (SINO) With the Bounce

Tuesday, June 10th, 2008

Sino-Global (NASDAQ:SINO) Could break $12 and really gain some momentum

From last night:

SINO - Watch for the $10 test, that is the all time low from this recent IPO. The big players in this deal may try to hold it there and a 50% bounce is possible as we saw earlier. It has not yet tried to bounce and has lost nearly all volume. If $10 breaks watch for the panic to play the bounce. If it dips more than 50 cents I will probably take a starter position since theres not too much downside risk, IMO. Again only a small position so that I can sell easily with a small loss if it does opposite of what I am thinking, or I’ll have the ability to add to the position if I want to let it slide a bit before it attempts another bottom.

Already has bounced over a dollar from lows, watch for the $12 break to confirm a poential momentum play.

SINO

GTE also approaching $7

GTE

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