I’m sailing down the Nile trying to find pockets of internet, not ideal conditions to trade at all, not to mention send my daily watchlist (so I apologize in advance if tomorrow is late…but that’s ti, then my cruise is done with by the weekend)! The good news is the market is showing strength, punishing over-aggressive/comfortable short sellers…never get too comfortable when you’re betting against the market/any stock, the entire financial industry wants you to fail…that said there are some good potential shorts setting up…and no don’t even bring up BAC/C/financial industry-type plays, that’s not Pennystocking, in those you’re guessing whether the firm will fail or not, you have no odds there
CQP had its first day of strength, watch it!
ZOOM held up, but I’m not sure how much strength is left here, this kind of sideways price action is usually the beginning of the end of such spikes, but be careful of short squeezes, always try reserving shares of this one to short…
QGP—please stop emailing me about this, it gapped strongly and held its gains on solid news all day, not my kind of short at all
PALM will always remain on my watchlist for the time being, options seem the way to play this. But I can’t help you there
LGN is just the first up day, but volume was huge, I’m looking for continued strength as bottom pickers love this pattern…as always, I’ll look to short into excessive strength
Posted in Potential Plays