Picks that were triggered:
CHBT - "This is nothing but a huge Friday move that you should be ready to short. Some will gap-down and be worthless...others will be great shorts. Be ready for both kinds." - We did get a gap-down from this name, but there was still a big short trade. Good for around 7%.
SMIT - "This is nothing but a huge Friday move that you should be ready to short. Some will gap-down and be worthless...others will be great shorts. Be ready for both kinds." - Nice morning panic...could have gone for around 6% on a decent trade.
CXM - "This is nothing but a huge Friday move that you should be ready to short. Some will gap-down and be worthless...others will be great shorts. Be ready for both kinds." - Here's what I was talking about...faulty open, huge gain of almost 27% on a nice short trade.
Picks that were not triggered:
ZN - "This is nothing but a huge Friday move that you should be ready to short. Some will gap-down and be worthless...others will be great shorts. Be ready for both kinds." - Gap-down, not much of a trade here.
YAVY - "This is nothing but a huge Friday move that you should be ready to short. Some will gap-down and be worthless...others will be great shorts. Be ready for both kinds." - Gap-down with not much volatility to boot. Not really a trade there.
On a day when Mr. Madoff recieved 150 years in prison for his massive Ponzi scheme, the overall market rallied strongly. Quite truthfully, this was just the market playing games with the public in my opinion. They know that when the nightly news comes on tonite, everyone will first see that this criminal was put off to jail for life, then the newscaster will next say that the market rose nicely today following the news. People will connect these and think the market condones this kind of conduct. In reality, the market is just trying to make money anyway possible. It's a nice spin, but we will have to see what happens tomorrow to really get a feel for the market.
Okay, let's get to some specifc picks for tomorrow now...here's what I got:
XIDE - This stock has ultimately gone from almost $7 a share to $3 in amost three trading weeks. I'm not exactly sure what has cause this constant sell-off...maybe a forced liquidation? Either way, I'm a buyer over the $4 line for a slow move higher.
TRW - Not exactly an easy small-cap play here, but I would definitely be a buyer of this stock over the $12 mark. If it can't break here, it's going to be a triple top. If it does break, I've got a price target of at least $14, but easily $16 depending on demand.
RAD - This company was really on the move about 2-3 months ago, but it has since cooled off. Some news was released today about debt refinancing. That is good news, so I'd watch for a combination break of the 20-day MA and 1.50 mark tomorrow for a nice continued move higher from here.
FUQI - Here's a continuation breakout buy over the $20 mark tomorrow possibly. I want to see good volume, otherwise it could just be a spoiled move. Today's volume was really, really nice...another day like that, and this thing is off to $25.
DCGN - The discovery that they reported today was cool, but it just needs more testing before you can tell if it is a legitimate discovery. This is an example of selling the news right now...it should be worth at least 10% or so...we'll see.
MK
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