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MKTY watching for a gap and crap, this is probably a pretty decent short tomorrow, but lets see how it trades out of open. Tim had a decent trade on it (from his alerts) but later in the day, it turned up towards high and closed relatively strong. This gives us another day for a possible squeeze and a higher short average. I’d let it squeeze out of open, failure to break $6 and confirmation of a breakdown I’d jump on board on the short side - back towards $3.75-4

DCGN beautiful bottom reversal, watching for continued momentum towards $2 + if it breaks it this may squeeze, its sitting at resistance levels dating back to March and May.

MEDX I’d like to see this test $10 out of open, perhaps $9.75 - upon weakness I may take a short side trade, but only a trade. This is still bullish

EDN - topping off action today this may gap out of open, if it fails to test and break $14 it will probably break back under $12

Tags: DCGN, EDN, MEDX, MKTY

This entry was posted on Tuesday, July 22nd, 2008 at 10:25 pm and is filed under NASDAQ, Plays. 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.