Sunday, October 23, 2011

Watchlist for 10/24/2011


AEM - Long biased on red/green move if we open lower OR could be worth taking over $44.50/$45 areas. Will watch for setups near those areas.


TRV - Up over 15% in the last 4 sessions. Short biased on gap up and/or parabolic move at open.


SCSS - Definitely short biased on this one. Up over 30% in the last 2 sessions. Looking for a gap up and/or parabolic to short into.


CROX - Held the $15 support ($14.95 low) in the last 2 days. I'm long if it nears that area again, or if it breaks friday's high of $15.49/.50


STX - Up 15% in 1 day. Could have a parabolic move right out of the gate at which point I'm short especially on a run to $16/$17 area.


HAR - Another stock with a big move on friday. Short biased on gap up and/or parabolic.


MON - Looks to be holding under this $75 level. Would like to short a $75 over/under move for a nice fade. It's been up since the beginning of October with no real pullback. Should get one on a $75 fail.


VRUS - Had a HUGE $17+ drop on friday and a SWEET bounce of nearly $10 off the $63 level. I got in for scalp at $63.73 for about a $1.34/share gain. Shoulda coulda held longer! Long biased on any morning washout.


BIIB - Short biased, but I think this could push another $2-$4 to the $110/$112 area. If we get a parabolic move to those areas, I'll try some short.


APKT - Down a bit on friday, but will wait for some consolidation before considering it long. Something like CROX and AEM for example.

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