Hot Stocks on Watch for Friday The 22nd of August!
FOUR excellent play from $1.40 I exited at $3.59 but after a consolidation mid morning it tested $4 before selling off to nearly $3. Either way plenty of profit allaround for everyone so I hope everyone did well!
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SOLF from scan last night in play, watching for more of a dip out of open towards low $18s and will post comments at that time, hopefully we get another good trade like today’s near $1.50/share profit HERE.
From scan HERE.
RHD I like this for a bottom reversal with a stop at $2, volume returned today if it can hold $2 start position is probably good, followed by an add on the previous top.
Nice reversal today right off $2 mark, $2.50-$2.60 break should start some covering since that’s previous highs, this has room to play towards $3 on the break, if it has a tough time what’s wrong with 20% profits in one day?
NED looks like a good buy on the $6 break - could test $6.50-7 on the break - had earnings tonight so lets see how it reacts out of open
HDLM from scan last night:
HDLM just broke previous highs around $2.00. Look for today’s gains to hold and this can support a move up +.50-$1.00 in my opinion.
Up $.33 today near 13$ this has room towards $3.00 may gap and squeeze out of open and that’s a good 20% profit
EFJI interseting break from consolidation, interested in this as long as it holds $1.80
MITI as explained here, this is why you don’t short a gradual mover until it proves its weakened and the interest has left. Brief consolidation and a nice squeeze higher, $7 break should test hopefully this begins to make a parabolic move for us towards $8-9 and gives us a shorting opportunity.
MITI and STAA both very similar charts and similar moves on Friday. Watching for continuation on both and hoping weakness to kick in after a brief squeeze. These are not shorts out of the gate even if they tank, they are risky and the odds aren’t on your side. The moves have been gradual up from $1-2 range so I don’t think that’s really a factor (if compared to APII you can see gradual vs. not so gradual and why the interest in shorting APII was much greater last week than a pattern as such) on the same note if these don’t do any large breakouts giving us a shorting opp, I’d look for consolidation around $5 for the next squeeze higher
August 22nd, 2008 at 9:30 am
FNM FRE nice gaps this AM both up 7-10%
August 22nd, 2008 at 9:42 am
RDN gapped, up 10%. Any comments? Also curious about PHUN, am holding shares @ .238.
Thanks for the FOUR tip, it was awesome!
August 22nd, 2008 at 9:51 am
YGE getting a nice squeeze. EMKR..looking to buy after a few days consolidation. Any opinions??
August 22nd, 2008 at 10:06 am
CSUN had nice earnings this morning….solar seems to be the play….they seem to decoupling from oil.
August 22nd, 2008 at 10:08 am
so what s the move on NED….is it a great buy here @ 5 +…..or is this a reversal ????
August 22nd, 2008 at 10:30 am
NED not of interest until it test $6, the variable as mentioned last night = earnings… had to watch it out of open before jumping in
CSUN yes just goes to show, good earnings don’t mean anything
YGE nice move!
RDN money better in your pocket than risking it with that one, it did its bounce now it’s throwing a dart.. could go either way, find something else
August 22nd, 2008 at 11:16 am
I owe you a big thanks adim, sold 10000 shrs of rdn @ 3.22 today on your tip !!!!! Anything worth a look at now ???
August 22nd, 2008 at 11:41 am
Not right now SOLF had another nice short opportunity out of open.. with the gap up
nice job on RDN !
FOUR done in my opinion, good sell yesterday
CSUN nice reversal here if $11 can hold may move towards $12
August 22nd, 2008 at 11:59 am
adim….what do you think of CPSL here and EMKR……csun has made some big parabolic moves in the past !!!!
August 22nd, 2008 at 12:03 pm
DGLY…volume is big today and seems to be flirting with a breakout..opinions
August 22nd, 2008 at 1:35 pm
does RHD look like it’s fading?
August 22nd, 2008 at 3:17 pm
admin- gotta thank you for the perfect call on FOUR. bought at 1.45 and have made nearly $7000 off the trade. i’m only a 24, so this is quite the profit for me. great blog… will be checking daily. thanks again.
August 22nd, 2008 at 3:33 pm
Four’s at 4
August 22nd, 2008 at 3:55 pm
FOUR great squeeze into close!
August 22nd, 2008 at 3:57 pm
what plays did you make today J? Any luck today? I only played one thing and its something I try to avoid: first day earnings play.
August 22nd, 2008 at 4:05 pm
Thanks for the great week Admin! NABI looks interesting for monday??
August 22nd, 2008 at 8:21 pm
I will take a look a comment later Clay, have a good weekend!
August 22nd, 2008 at 8:23 pm
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