June 9th Review

The picks from yesterday were 2 of 4, for a 23% gain. (11.5% compounded)

Picks that were triggered:

GNVC - "The message boards are going crazy about this .80 breakout. I'm a buyer on their backs here." - Nice 17% move today. We'll have to see if it goes higher again tomorrow.

ATRC - "I think we get a retrace in this name soon...too much, too fast." - Gain of around 6% on the tradeable retrace today.

Picks that were not triggered:

RSOL - "It's no coincidence this stock moves higher when volume floods in. Be ready to short when the volume trails off." - Slowly but surely, the volume is decreasing. I'd start reserving shares daily for that big move.

SPNG - "This company is promoting like crazy of late...I'm a buyer now, but a long-term seller for sure with this possible scam." - Nice chance to pick up some shares today...is this a rest day or the first of a pullback?? We'll see.

I have to admit that the last three days in the Dow chart have been very weird. We have almost consistently close right where we opened for the day. I'm not sure if this is just true indecision for the market, or if some big player(s) is/are holding this market down for a while. Important news is rolling off the lines daily, but we just haven't moved anywhere. I'm not sure what it is going to take, but all we can do is just wait and watch. This doesn't mean that some specific picks won't still work...

Here's what I am tracking for tomorrow:

SQNM - We had a nice upward surge today right through the $5 mark. I'm not sure if it was news related or not because I'm not really seeing any press release. Either way, we got a huge gap to fill...I think we start doing that soon.

GRH - We've almost had a double in this name over the last two days. The volume was strong today, but I think we get at least a small pullback soon. I'd be waiting to short right into that kind of move soon.

SAY - Here's the failed Indian computer name that ended up being a big fraud. It has started to get very volatile of late, jumping around everywhere throughout the course of the day. I think these moves can be traded either way with some focus.

SPRD - I mentioned this name about a week or so ago when it was looking ready to break the important $2 resistance to the upside. It finally did, and since it has been on a tear all the way up to $3. Nothing but a nice 50% gain. I'm looking to short this sucker now that it has really moved.

AVNR - Nice possible cup-and-handle formation possibly appearing now. The stock broke out nicely above the 1.40 mark by the end of the day today. If it goes under 1.40 tomorrow, flip to a short position...if not, stay long and milk this sucker.

MK