May 26th Review

My picks from yesterday were 3 of 5, for a 27% gain. (9% compounded)

Picks that were triggered:

OXGN - "I'm short this spiking sucker under $2.25, and a big time seller under $2." - Nice move below $2.25 for a quick 8% gain, but there was just too much support in the $2 range. 

THLD - "Interesting technical analysis play right here. I'm looking for a breakout over the $2 mark soon." - Nice quick reak in the morning...solid 9% gain on the buy.

OGXI - "The volatility in this name is fantastic for trading...be ready to profit." - Easy gain of around 10% on the short play yesterday on green to red.

Picks that were not triggered:

SEED/GRO - "Pair of agriculture plays that are surging on the hype that hedge funds are pouring money into commodities." - Neither back tracked so well yesterday...keep watching.

As the Dow skyrocketed today, almost everyone forgot about the horrid last week we had. We now have to identical moves in the Dow, great big spikes that did and will most likely just get sold off again. News about consumer confidence is really driving the market higher for all of the beat down consumer item stocks. My guess is that we will slowly sell off about 100 points of this spiking gain from today in the days to come. If we then bounce back from that, this move is for real, and of course, I'm a buyer over the 8,600 mark. 

SFIO - I'm buying the breakout over the .20 mark here in the future. It looks like a potential cup-and-handle play to me if we get that kind of price action. Be careful though, it is a scam.

OCLS - Huge spike this morning...play the continuation buy over the $3 mark, but always be ready to short because hype has truly overtaken this stock right now.

SPRD - I'm a breakout buyer of this stock over the resistance level of $2ish. This is a tad risky, but I think there will be at least a quick 6-7% in the name if we get this kind of breakout.

CHS - Nice two-day move from this stock...I'm a buyer on the pull back to the $9 even area from the 9.60's right now. People are getting overdone here...I'll let it come back and then buy for the move to $10.

CVRG - Really small penny stock type name...it fell from its highs and bounced right at the 50 mark on RSI. That's some good support, and I'm a buyer over the .20 mark for a run back to the highs for a nice double top and then short into obliteration. 

MK