Monday, November 7, 2011

Watchlist for 11/8/2011



PLCM - Big climb today and up even more in a/h. Short biased on a morning pop to $20 over/under on weak open. Hopefully we don't gave up over $20...will ruin a perfectly good short setup.


HMSY - Huge pop today. Will look to short into a morning pop/parabolic move. Either $29 over/under or $30 over/under. Those are 2 areas I'm looking at.


MDVN - Would love to see an early run to $45 for an over/under short. Could simply resist and never break, but I'm hopeful it will, then faaaaaaaaaaaaaaaaaaaaaaade.


STX - Short biased on parabolic. Would love for this to test $19/$20 first. Could fall right out of the gate, but I'll keep my fingers crossed for a $1-$1.50ish pop to short into.


INHX - Short biased. Watch for pops to $10, could do some nice over/under moves.


CECO - Nice breakout today on the r/g idea from lastnight's watchlist. I scalped it for a tiny gain today from $8.05...Could show some continuation on a $8.50ish break or r/g play on weak open. I don't like it as much now, but I will keep it on watch just in case.


OVTI - If $14 (today's low) holds, I will look to long on r/g if we open lower.


ANF - If $58 area holds (today's low), I'll look to go long on r/g move.


QCOM - Showing a bit of resistance at $57. Short biased on over/under if we gap down.


AKS - Long biased over $9.50 or r/g on weak open. R/g will be break of $9.06


ATI - Short biased on $50 over/under.



DMND - Hoping for this to hold the $39 area. Long biased.



UNM - Has been holding the $21.50 area support for 4 days now since it gapped. Long biased on r/g move (break of $22.01) or over today's high of $22.03

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