PCBC – Nice move Friday on strong volume; this has a history of multi-day runs. I would consider going long on red/green. CPF has a similar chart, though not as good a history of multi-day runs.
SMOD – Nice breakout, at longer-term resistance. Good volume Friday. It was up on earnings, so it may keep going.
MTEX – I’m always short-biased on this MLM firm. Hopefully it has a third big up day to set up a better potential short.
IFNY – Breakout, but on low volume. Tim Sykes is long this. I would not buy this here because it is a pink sheet stock and the volume is anemic.
0 thoughts on “Watchlist for Monday”
Kinda quiet today, still holding SENO but will cover soon because as you say the volume is anemic.
+ 80.00 on SENO.
Preston u got Twitter?
How do you guys feel about CHTL .. broke 1.05 resistance
Get twitter… download TweetDeck.com
Yeah I got it but hardly ever check it.
Damn I missed a great play on CTCM because of meetings, awesome HOD short.
Just wondering if you guys use limit orders only? If so what if you need to get out of the position ASAP?
Market orders for fast movers and when you wan’t out. Limit orders for more controlled entries, like my HOD shorts when I really wan’t a certain price or I’m not playing.
Well JBII turned out to be a lame breakout….I was in at 3.55 and it went to 3.85, only to fade all afternoon and I got out at 3.57