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Posts Tagged ‘DSCO’

A Few Potential Breakouts and a Quadruple Top to Watch

Monday, May 5th, 2008

EXXI very nice move off consolidation, at this point I’m only watching for a more of a squeeze there is no reason to take a position or short here, it’s like throwing darts, watch for this to break $7 before stalking it. The downside is small in my opinion, there has been lots of consolidation in the $5 area.
EXXI

FEED - beautiful bounce off the lows all the way back up to new highs - This is in squeeze mode watch for another $1-2 dollar move and you may be in business for a correction back down to $20. But I’d like to see it test today’s highs again. I was looking for WSCI to do a similar move but the correct back to $13 wasn’t enough and broke back under $13. It’s definately on watch now on the re-break of $13 which could be a move back to $14+
FEED
WSCI

FBP on watch for the break of the quadruple top, if this breaks $11.15-11.25 this can really spike as its been tough resistance for months
FBP

WHT breakout chart watch for a move towards $4.50, consolidation around the $4.25 level before a move higher.
WHT

VSCI from scan last week and this weekend - on a tear towards $6.00.
VSCI

DSCO short watch - I’d like to see it trade above $2 before it heads back to $1.30-1.40s but it may not…
DSCO

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MSFT drops YHOO bid .. But really… What else is in play?

Monday, May 5th, 2008

YHOO has been on quite the tear since pre-market lows of around $22, currently at $24.70!

DSCO - not sure this can hold the bounce, it may test $2 but this is just a ‘dead cat bounce’ or people ‘catching the falling knife’
DSCO

Last nights scan: (VSCI) (SSBX) (GTXO) (LGDI) (ANAD) (TSYS) (DBTK) (AVR) (RUTH) (NTWK) (MOSY)

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VSCI making new highs

SSBX tested $2.54 not enough of a sell off to make me jump in, may need to let it consolidate before it bounces

GTXO already surpassed Friday’s volume, leads me to believe some type of program going on…

LGDI held the $4.00 level opened at $4.08 and sold dipped a WHOLE ONE PENNY out of open (aka very strong support as I was looking for on last nights scan to confirm which direction this would head) looks like its just going to channel the rest of the day, I’m watching for an End of day move -which direction? To be determined! Those of you who follow what Tim Sykes has to say probably benefited from a profitable short opportunity earlier and eyes are on it again for the rest of the day/week.

The last five on scan all have held their gains and are consolidating nicely AVR, RUTH, NTWK, MOSY, TSYS these all may test higher by Wednesday

ANAD and DBTK still consolidating, DBTK watch for the $15 break



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