Picks that were triggered:
SPNG - "Promoters pump this stock up, and other promoters will take it down...profit either way." - Gain of around 15% on the short promotion by Mr. Sykes today.
ETFC - "Nice move over the day on Friday...I'm a seller here below $2 a share for a nice short opportunity." - Gain of around 5% on the move down today.
SLRY - "This stock has defied the typical 3-day up rule, so I'd really start watching for a move lower soon." - Nice move of around 18% today to the downside...more to come?? I hope so.
Picks that were not triggered:
MEXP - "This is definitely a SPNG type pump and dump, but I don't think it will make it as far. Be ready to short sooner rather than later." - Wow, another huge move out of this name...76% higher today...keep watching.
CDII - "Nice breakout over the $2 mark on Friday...I'm a buyer on a pullback before it heads to the $3 area. Nice pull back today, but the stock really sold off. I'm a buyer above 1.80, but flipping the position under.
Well, as I had predicted we finally got that big move to the downside. With all of that indecision, you just know that something big is going to happen. Today we finally got it. Something tells me this is just the beginning. A lot of people are saying that his market has overdone itself. I've been a believer in that statement for sometime now.
Let's move on to some picks for tomorrow...here's what I got:
Russell index moves - This should prove to make some interesting buys in the days/weeks ahead. There's an article that does a good job explaining what all is going on on CNBC.com by Bob Pisani. Let's find these companies and build a portfolio to buy and then spread the risk out between them. More to come from me on this soon.
JAZZ - Wow, this move is starting to get crazy as it is almost breaking out again to new highs. I thought this was done, but we may have just got another chance to short this sucker. Wait for that first negative move.
HAFC - Nice strong move to the $2 mark on some financing news. I would really like a breakout buy over the $2 mark, but this overall market could hinder that. Be ready to play it either way...it should be volatile.
GLUU - This stock is on the move after a combination breakout over the $1 mark and the 200-day MA. It's now up some 50%, so it should be getting a little tired. I think the long-term holders will start to take some losses back here and sell this thing off soon.
ACAS - I'm seeing a slow move to around the $5 mark in the days/weeks to come. From there it should either be ripe for a breakout or a fall back. Be ready to play it either way, but I like the buy up to $5 better now.
MK
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