Tuesday, February 27, 2007

Feb. 27

I had a dream last night the NASDAQ was down 54 points. I woke up thinking naw, no way, can't be. Feeling a little spooky right now, it's off 52.

My CAM opened gapped down but has been climbing steadily and now off less than 2%.

I've been selling some of the winners lately and will keep a tight mental stop on ones like CAM.

It's very possible that the China slotmarket flu could spread worldwide and we could experience a big correction here too.

Thursday, February 22, 2007

Plays for Feb. 23

No bounce plays but a few blow off bottom types worth watching.

CVX 70.67 formed a Morning Star pattern.

SBUX 33.01 formed a Bullish Engulfing pattern

MCO 68.79 down day on big volume, looking for a bounce.

MO 84.84 at prior support area, may reverse here.


Today's results: AMGN didn't trigger due to gap down open, NE up 2.26%

Wednesday, February 21, 2007

Plays for Feb. 22

No bounce plays for tomorrow but there are a couple for the watchlist.

NE 70.43 could be rising off support level here, printed a bullish engulfing candle.

AMGN 67.41 printed a bullish engulfing candle today after heavy volume selloff last Friday.

Plays for Feb. 22

One long and two shorts on tap.

Long: CAPA 6.29

Short: INSM 1.53, PCR 38.55

Wednesday, February 14, 2007

Plays for Feb. 15

One long and one short play for tomorrow:

LQDT 18.64 is the bounce play.

PRW 1.26 is a short.


Watch list: MNTA, KNOT, PQ


Today's short play ONXX was down 4.7%

Tuesday, February 13, 2007

Plays for Feb. 14

Only one play and it's a short

ONXX 26.02

Plays for Feb. 13

One bounce play and it is

MNTA 14.97