DEAR, HAFC – Both are beaten down banks that spiked and had a first down day on Friday. Expect them to drop more but there is no easy play.
IDN – I like this as a long squeeze play if it can hold $3.00 tomorrow. That being said, if it fails $3 it will likely drop far. It is unlikely that I will trade it either way.
Disclosure: No positions in any stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.
watch out for PARD, potential breakout on news of completion of Phase 2. http://bit.ly/7ctpPc Sure it’ll move upward during pre-market.
Also ECTE which could potentially breakout to new all time highs breaking $2.15… It already bounced off it once. http://bit.ly/6rMbXa
adding these two to my watchlist
You could have linked to the actual news on PARD: http://biz.yahoo.com/prnews/100124/sf42367.html?.v=1
ECTE a pump. Technicals not so important for pumps.
I hate biotechs. it seems like post phase II news they run for a day + an hour at most. I’ve had decent success usually shorting them day two around 10:30am. I probably should do an empirical study for this.
Anyway glad I didn’t get in DEAR, I very nearly did.
reaper on booktrader, is lists the prices in latter but how do i truncate the prices, instead of displaying 0.9433, 0.9434 etc just display 0.94, 0.95
I don’t know.
CNXT holding its breakout above 4 so far
TKTM crossing 15, near 52s