Thursday, October 13, 2011

Watch list for Friday 14th of October.

Good day today on GLUU call by JB at $2.66. I have small position of $SINO just because it’s a former runner and judging from yesterday’s action. Come and join us in chat if you still watching on the sideline. $RAYS, I am still watching the action and might buy if it dips big. However, Mr.X new play coming up on Monday so I wanted to be in cash for Monday’s pick. Below is my watch list for today: (trade accordingly with the market).
White Smile Global Inc. (WSML.OB)
No history of trading and volume really ramp up on second day in the last hour of trading. If volume still coming in with sweet up tick, then this might be Mr.X play on Monday. Keep your eye on this one and watch for specific MMs for that. More detail in chat.

Lucas Energy Inc. (LEI)
On my watch list today just because $ROYL was running and this could be sympathy play. From the chart, looks like it doesn’t have much room for upside unless volume keeps coming in. Might gap and run tomorrow. The other stock I am looking on sympathy play is $SSN. Keep an eye on that one too, last time oil ran $SSN went 10% the next day.


Gaflsa S/A ADS (GFA)
Could be on consolidation tomorrow because of the market probably in consolidation before breaking to uptrend. Nice bullish chart of the bottom and filled the gap. I think this time it might breakout if market is doing well. Target $8 (if $7 breaks). My thought: it either should finish just a little down tomorrow (might be good to grab some shares because they might release some good news over the weekend.) or ran through resistance with increase in volume. Leave it alone if it is a big red day.

OCZ Technology Group Inc. (OCZ)
Technology ran today and this just filled the gap at the bottom. So I don’t think this going to bounce hard before $5 breakdown. Should be a good swing if it found some support tomorrow.

ON Semiconductor Copr. (ONNN)
Every time I see big green day, then the next day should be met with some correction because people are taking profit (most of the time). So might gap and crap tomorrow. Watch 1-minute chart and level 2 for parabolic short.

JinkoSolar Holding Co (JKS)
Another stock that filled the gap up and could breakout only from looking at daily chart. It hasn’t really accelerated yet so I am thinking tomorrow might be the day.
Looking for weak open of the gate and perking from support, r/g and pop.
If it keeps gliding down all day without solid base then let it go.