Keeping it simple tonight. Just the big ones … but boy are they nice.
WWPW – This is a pump. I am long as it is getting pumped a bunch more overnight, but it would be foolish to buy it at the open tomorrow. How did I know this was going to get a pump-a-thon tonight? I didn’t … but the clues were there. I’ll discuss that some more in my trade recap tomorrow.
SEED – Overdone move on transgenic corn approval in China. Short on red, long on green.
ABIO – Another overdone move IMHO … but I don’t trade based on what I think, I let the price action guide me.
NLST – No shorts today. I was looking to long this on green, but it would have been an easy short on the failure to go green today.Tomorrow it should continue to be volatile … I continue to look to buy on strength and short on weakness.
Disclosure: Long 1400 shares of WWPW that I intend to sell early tomorrow. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.
CBOU on breakout watch.
CRIS beautiful breakout today, may be good on continuation. I stole this shamelessly from Investorslive:
http://www.investorslive.com/2009/11/23/strapped-in-ready-to-go-outta-the-gate-tomorrow-and-a-scan-for-the-24th/
I love that consolidation on CRIS with a new base at $2.25 I should have been watching on that $2.50 break today that would have been perfect for the 52 week play – will watch for a pull back $2.50 area should be bottom if this thing is going to reverse
anyone watching NENG ?? any suggestions on buying this??
PCBC beautiful chart …. short on red.
I skimmed over PCBC because of the “Tim – no banks no how rule”, do you have any input on never touching a bank?
Unlike last autumn, banks are no longer moving as much on government actions. I have played smaller banks before. I have stayed away from too big too fail banks.
Good input, thanks, guess PCBC is on my list now 🙂
Shit.. Almost shorted ABIO 3 times at $3.75 and kept backing off.
ABIO too choppy today for my taste.
SEED had a textbook bounce off of its close yesterday … I’m still looking on shorting that on red.
Agreed on ABIO, I’m glad I didnt play it, when I posted that complaint it was at $3.50 and looked ready to fall through it.
DRAM looks like it is running out of gas for the day.
actually dram looks like nice consolidation and probably push for a run towards the eod.