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Posts Tagged ‘AWBC’

Sunday Nights Scan for Monday the 28th

Sunday, April 27th, 2008

List: JRJC OMNI MMR RJF WSCI

Not to many on scan tonight - the one I like best is JRJC. The key break here is $20. If it can’t break and heads down in the morning its a short back to the $18 range. Each day the morning is powerful about 30 minutes after open (the past 2 days) it squeezes to its high of the sale before selling off and leveling out through the day. The previous high is $22 area, so upon a $20 break this could turn into a rather bullish move. Here’s how to play: Watch it for the squeeze 30 minutes into open, see how it reacts, if its sub $20 and unable to break it… may begin its sell off.
JRJC|
On another note, after it consolidates, a $20-22 break this can turn into a nice play, heres a 1 year chart to see what it’s done in the past
JRJC

OMNI has been quite the runner in the past and you have to be careful for that. But $5.25 is the breakout here. If it cant break it, this will test sub $5 again.
OMNI

MMR - has made scan quite a bit lately and definitely worth the watch. My previous thoughts on how to play this still stand. It’s got $30 written all over it but that doesn’t mean it will make it there. If it does… we watch for the squeeze over it to short on .. if it doesn’t theres a good $2-3 dollar downside. But Thursdays dip and recovery shows the strength in this stock, so I’d love to see a squeeze but still going to jump on the short the first second I see it.
MMR

RJF - its a short if it can’t break $29. If it does watch for the spike towards $30 before thinking about it. This should retest $27.50.
RJF

Bounce or short time? AWBC
I like this one for both sides (long and short), I played both sides on Friday using a 1 minute chart to find support levels or resistance levels. Each .40 to .50 cent move was followed by a .20 cent correction. The stock may want to retest $4 before it decides on bouncing - if it looks like it may head that direction… theres a lot of downside, keep in mind Fridays low was $3.22. Come to chat on this one, many people will be playing it.
AWBC

WSCI - $18 is key, if it can’t break to any new highs out of the open Monday this should have a $1 to $1.50 downside towards $16. I’d like to see it squeeze closer to $18.50 or $19 to really capture a nice downside.
WSCI



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