June 16th Review

The picks from yesterday were 2 of 4, for a 20% gain. (10% compounded)

Picks that were triggered:

JAZZ - "Wow, here's another chance to short this sucker...wait for the first negative move." - Gain of around 11%...more to come.

HAFC - "Be ready to play this volatile sucker tomorrow...either a buy or short." - Nice huge gap open to short straight into yesterday. Gain of close to 9% on a trade.

Picks that were not triggered:

GLUU - "The long-term holders should be getting exhausted here...be ready to pull a short trigger." - Nice indecision candle here...watch for a big move tomorrow.

ACAS - "I'm looking for a slow move up to around the $5 area." - Nope, a big gap-up to the 4.50 area really killed this play. Should be a short now.

Well, we have lost a quick 250 or so points on the Dow, and we are looking vulnerable again. We now find ourselves at the 8,500 mark, a big mark to watch for the future. Something tells me we will get a nice bounce off of here and then break through. If we break, be ready to pull the continued short play on the SPY's or DIA's.

Here's a couple things to watch for tomorrow:

GWSC - This is the next short target for Mr. Sykes, so I'd definitely expect a big fall from these levels soon. When the herd moves, stocks move. Learn to play it and profit from it...easy as that.

ISTA - Nice stock breaking out to new highs...the idea is to find these tpyes and buy, buy, buy 'em. I like this stock over 3.50.

You all got any others? I'm struggling right now, but I'll have many more up tonite for Friday.

MK