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Posts Tagged ‘OPTV’

Some Breakout Watches, Mostly Short Potentials For Monday July 21st

Monday, July 21st, 2008

A few breakout bottom reversal stocks on watch for Monday. There are better short plays for this week… a few are listed below all carrying pretty large % gains within the past week!

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WSCI acted pretty bullish Friday by dipping and heading all the way to a near high of day close. This may gap .20-.30 and test $10 out of open. If it doesn’t break it watch for weakness to begin a short back towards mid 8’s. If it does, wait for a spike over $10 to take a shorter start, let it show weakness before guessing a top.
WSCI

SPRD watch for the $6 break out of open and upon weakness should be a good short back down - but this very well may have staying power so let it begin to breakdown and confirm its trend.
SPRD

ZYXI great breakout, watching here for the $3.50 break and a spike, it may be a hard borrow but I will be looking to reserve some for any parabolic (squeeze) style move.
ZYXI

WERN - As mentioned in scan… buying dips was the way to go a near $2.00 bounce and close near high of day Friday. Watch for the gap over $24 and the breakdown to begin after any squeezes out of the open. If it consolidates just below $24 it may be worth sitting sidelines and watching another play on scan, after all you want the ball in your court, no sense guessing.
WERN

TPX at another key level, $10 break out of open, once it breaks down and heads back under it, it may be good back towards $9, I’d like to see this test $10.50+ out of open though for a decently high avg’d short.
TPX

OPTV breaout watch over $1.75 - this can support $2+ move on a squeeze, its been in a bullish channel for months now
OPTV

SOAP from scan HERE, holding gains, watching for continued momentum off the bounce, a break of $5 again will send shorts screaming - we may see a squeeze here
SOAP

Please view Saturday’s scan HERE.

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Stocks of Interest for Thursday July 10th (IDAE) (OPTV)

Wednesday, July 9th, 2008

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IDAE - possible breakout buy tomorrow towards $2.25
IDAE

LONG from scan HERE, moving up yet again, if this doesn’t break out tomorrow I’d suggest taking profits since the volume has dried up, although it may still breakout, I play stocks based on volume, % gains and ability to play the channel during the day. Once it loses volume I tend to take it off the radar.

LONG  Elong Inc - on watch for reversal here, $7 needs to hold could test back towards $8 for a .75-$1.00 bounce.

LONG

Crossed through $24 on the downside = breakdown, watch for $22.50 area to cover. From scan HERE.

AVCT  Avocent Corp - Four days of big candles, watch for the $24 gap and correction back towards $22.50 range. If $24 holds, be careful it could squeeze higher.

AVCT

OPTV  Opentv Corp - double top today, if it breaks today’s high this may pop towards $1.75+ There is enough volume to trade in and out during the day but not attractive enough to buy and leave the PC since its a high percentage mover being such low price.
OPTV

SQNM  Sequenom Inc - another fabulous trading day on this one, watch for all spikes and confirmation of breakdowns intra-day and it provided quite a bit of profit opportunities today. I traded it quite a bit myself. I am bearish on it at this point but still expect it to squeeze higher, but I won’t be making money off the long side, only making money on the spikes correcting and breakdowns
SQNM



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