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Posts Tagged ‘SOBM.OB’

Solar Heats Up And a Few Breakout Potentials For The 21st of August

Wednesday, August 20th, 2008

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FOUR from our recent double described in the previous post I expect a gap and squeeze out of open BUT I’m not interested in holding for $4-5 I’d rather take the profit and run! It very well may test much higher, we’ll see with the action our of open but as always I’d rather miss out on profit vs. giving back profits or losing.

LBAS extremely nice downside (near 20%) from scan last night, which you can view HERE. ABK also finally panned out met a lot of resistance at its previous highs of near $6 and fell under $5 into close today before doing a brief bounce.

XPO is approaching 4 year highs and last time it reached this point it spiked to $3.00. Watching for support in the $1.35 range to hold AMEX moves tend to be slow and steady. This isn’t necessarily a day trade but may be a worthy grab with a downside risk of about $.10-.15 cents.

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.

SOBM is an oldie from the past, this had been walked up towards $2.00’s before mailers hit. So I’m adding to to radar for dips because its probably going to under go promotion again if it holds the first round of consolidation which I’d expect in the next day or two since this is approaching 400% from lows. If it starts to spike parabolic towards $1 + in the near term the move will be way too fast and I’ll look for the borrow

Solar is getting HOT again, nice reversals off bottom, I’ll have a sector scan later tomorrow. I will more than likely have comments for these intra-day since they’ll be in play so check back tomorrow for better commentary on what I’m looking at!

SOLF watching for more squeezes over $20 - ($22 possible resistance) will be monitoring for weakness

ASTI has room to run towards $10, if it breaks mid $13s is next resistance

ALDN nearly closing the gap, watch for that to close near $14 and watch for weakness.



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