Hot Stocks on Watch for Tuesday August 26th
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STSI biggest gainer today - watch for the gap and test of $3 out of open, if it fails it’ll probably be a great short back towards $2.50 - they had a court ruling in their favor it seems it gapped down from $3.50 and $4 so keep those areas in mind if it holds and breaks $3.
CPSL slight reversal I’d like to see this test $6 - $5 may be decent support, $6 could cause a squeeze will zero in on it at $6.
SQNM holding its 400% gains with no issues, $23 break is going to squeeze towards $25+
TSYS back testing $8 again - if it fails and shows weakness might be worth it to join the bears
MITI great short today we’d been monitoring for a few days now the test of $8 failed and a nice correction.
NOBL holding all gains - a break of $6 will cause a squeeze in my opinion
August 25th, 2008 at 11:02 pm
hi admin,
you think tomorrow miti will go further down?
August 25th, 2008 at 11:07 pm
I would be inclined to cover on a gap down or any weakness since it was a gradual move, it has room to dip towards $6 but I’m not convinced it’s ‘done’
August 26th, 2008 at 8:59 am
Still kickin myself that I was trying to be too precise on the entry. Had been stalking MITI for days. Was expecting it to get the upside trendline around $8 but it never got there and I didnt take the short… Oh well.
August 26th, 2008 at 9:49 am
MITI I’d cover 1/2 or all and lock it in… even if it dips more, nearly a dollar downside already, 6.55 looks good
August 26th, 2008 at 9:50 am
BORL back to $1.70 might be another battle today, not as high vol
August 26th, 2008 at 10:30 am
FOUR done, volume dead thats why we sell into strength/volume
August 26th, 2008 at 10:30 am
SQNM cruise control making 52 week highs
August 26th, 2008 at 10:30 am
Can anybody recommend a good canadian broker. Am unable to short stock like CSUN and SOLF and really missing some opportunities here. GRRRRRRRR
August 26th, 2008 at 10:32 am
decent short if shares were avail prob test low $3s
August 26th, 2008 at 10:34 am
B Smith both are available at my broker, not canadian tho let me check if they have canadian accts
August 26th, 2008 at 10:38 am
looks like MITI wants to test $6, o well
SOLF CSUN very nice
August 26th, 2008 at 10:38 am
Whats up…..I mean down with CPSL…..?????
August 26th, 2008 at 10:39 am
Thanks J please do that. Totally unacceptable that large float/liquid stocks like this are Hard to Borrow.
August 26th, 2008 at 10:40 am
KC it didn’t even come close to testing $6, although it had a nice .30 cent short, not on my radar until it test $6+
August 26th, 2008 at 10:52 am
How do you mean SOLF and CSUN very nice ?……….good place to enter…..or are they both headed south from here ????
August 26th, 2008 at 10:55 am
KC I had been monitoring for shorts in the past few blogs, weakness kicked in today and they both took some nice drops…
August 26th, 2008 at 11:19 am
BORL lets goo nice consolidation past few days under $1.70 - lets attempt $1.75 again
August 26th, 2008 at 11:29 am
shucks, FRE and FNM great bounces today - heads up NOBL over $6 now!
August 26th, 2008 at 11:29 am
Where do you see SOLF and CSUN after SOLF reports…..I believe its tomorrow ???
August 26th, 2008 at 11:33 am
KC if you read the blog you know I don’t hold over into any of that stuff, for one reason …it’s like throwing a dart, you know as well as I do a stock could have a KILLER quarter and sell off because it may have been expected and guided down for the next quarter..
if you can actively trade by following a few simple rules theirs no sense guessing at what they’ll do on a report.. wait for them to come out, see where they come out and trade accordingly - or better yet don’t trade at all and wait for the chart to set up to a point where it makes my scan again
August 26th, 2008 at 12:36 pm
hi admin,
any thought on csgh?
August 26th, 2008 at 1:24 pm
BORL 1.75 break round 2
August 26th, 2008 at 1:25 pm
csgh failed to break and hold 1.25 - hopefully it bounces, not a very attractice stock if the selling continues
August 26th, 2008 at 2:42 pm
I use thinkorswim.ca - it’s the same think or swim but for canadians and has no day trading rule… so trade away!
August 26th, 2008 at 2:46 pm
Thanks Pallian! no referral code? How kind of you
August 26th, 2008 at 3:06 pm
I’ll look into that Paulian thanks. How good is ThinkorSwim for allowing you to short stocks? Is it easy to withdraw money? SIPC proptected?
August 26th, 2008 at 9:28 pm
I use Questrade.com , commission is very resonable compare to other Canadian brokers. If you are interested please let me know and I can pass refferal to you. abcstocks@gmail.com
August 27th, 2008 at 10:59 pm
[…] $2.75 break (add 1) $3 break (add 2) spike (sell) is the play I’m looking for. From scan HERE STSI biggest gainer today - watch for the gap and test of $3 out of open, if it fails it’ll […]