Nothing much on Friday, sold my $SINO o/n position for small loss. Very speculative play but no follow through the next day. Probably going to daytrade this week and move my account over SpeedTrader. $WSML appears to be Mr.X play, so keep an eye on big dip on Monday. What did I say about sympathy play on $SSN? Yeah 10% day after oil ran. Congrats on those who took $SSN long and $ONNN short on Friday. Exactly the ideas from Thursday’s scan. Here is my watch list for Monday:
White Smile Global Inc. (WSML.OB)
Official Mr.X play, probably gap and run on Monday then should have a big dip that causes by front-loaders from Thursday and Friday. Watch L2 for entry, and respect your stop loss. Probably a 10%+ day tomorrow.
Raystream Inc (RAYS.OB)
Holding up really well. This is hard to judge because many people looking to get out and play $WSML instead. If $1.50 is holding then should be a good buy. Entry: anything less than $1.60. Stop loss: $1.49. Target: $2.
DepoMed Inc. (DEPO)
Normally I don’t’ like bio-tech play but this chart is madly beaten down because of failed phrase 3 trial. Big sellers are out pre-market on Friday and it consolidates around $5 pretty well. Might have another sell-off on Monday but should bounce hard after morning panic. Swing trade entry: $4.75 with target of $5.50, Stop loss: $4.50. Daytrade entry: $5.25 with target of $5.50 and Stop loss: $5.15.
Gafisa S.A. (GFA)
Bullish chart off the bottom and filled the gap completely. Still waiting to see a big pop here before heading back down. $7 break is the key. Daytrade only. Entry $7.01 with very very tight stop if no follow through.
Ocz Technology Group Inc. (OCZ)
Put a nice narrow red candle here. I like it above $5.50 for target of $6.50. Stop loss: $5.35. If selling off on Monday morning then $5.15 - $5.20s looking good for swing with $5 stop loss.
ON Semiconductor Corp. (ONNN)
I like both daily and intraday chart on Friday. Holding up strong and probably trapped a lot of shorts on Friday session. Entry: $8-$8.10s. Seeking $9. Stop loss: $7.75
ON Semiconductor Corp. (ONNN)
I like both daily and intraday chart on Friday. Holding up strong and probably trapped a lot of shorts on Friday session. Entry: $8-$8.10s. Seeking $9. Stop loss: $7.75