Stocks of Interest for Thursday July 10th (IDAE) (OPTV)
Wednesday, July 9th, 2008Please sign up for these nightly alerts of trade ideas for the following day! Sign up HERE to receive these blog’s once a night via e-mail and never miss a potential move again!
IDAE - possible breakout buy tomorrow towards $2.25
LONG from scan HERE, moving up yet again, if this doesn’t break out tomorrow I’d suggest taking profits since the volume has dried up, although it may still breakout, I play stocks based on volume, % gains and ability to play the channel during the day. Once it loses volume I tend to take it off the radar.
LONG Elong Inc - on watch for reversal here, $7 needs to hold could test back towards $8 for a .75-$1.00 bounce.
Crossed through $24 on the downside = breakdown, watch for $22.50 area to cover. From scan HERE.
AVCT Avocent Corp - Four days of big candles, watch for the $24 gap and correction back towards $22.50 range. If $24 holds, be careful it could squeeze higher.
OPTV Opentv Corp - double top today, if it breaks today’s high this may pop towards $1.75+ There is enough volume to trade in and out during the day but not attractive enough to buy and leave the PC since its a high percentage mover being such low price.
SQNM Sequenom Inc - another fabulous trading day on this one, watch for all spikes and confirmation of breakdowns intra-day and it provided quite a bit of profit opportunities today. I traded it quite a bit myself. I am bearish on it at this point but still expect it to squeeze higher, but I won’t be making money off the long side, only making money on the spikes correcting and breakdowns



