Tuesday, September 20, 2011

Watchlist for September 21, 2011

MCP - Down $10.69 (20.17%) today. Will keep this one watch tomorrow for short/long setups.

NFLX - Down another $14.40 (10.02%) today. Still short biased. Shorted the pops all day on this one today. Looking to short this under today's low of $129.37 and under $129. If it gaps up tomorrow, will look to short under the early high with a tight stop. It has been 4 straight days of selling w/out any real bounce or covering, so I'd be careful with this one for now.

SINA - Down $15.86 (14.50%). On watch for long/short plays.

GR - HUGE pop on this one just before end of day. Was able to get a decent scalp on a short. Short biased on this one on pops. Hoping for a gap up to short into.

RIMM - Looks to be heading back down. Looking to short under $22.50

WLT - Had a great entry on the short side today, but covered WAY too quickly. Short biased.

PANL - Had a great idea this morning at open for a short later in the day. $60 fail, over/under move. Ended up shorting just before $60 and got stopped out. Then broke below and made new lows. $5 drop. That's what happens when you bend your own rules and don't listen to yourself. Short biased especially on big pops.

OPTR - Had the right idea on the short this morning, but chased and got stopped. Still short biased especially under $16.50 and under today's low.


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