Great day today for $SPY on that rebound till EOD. Only stock I’m swinging over the next week ($ABIO), IF it doesn’t break down below $1. I would like to hold into next week because I feel like it is ready to perk sooner or later, but I set my hard stop at $1.01 just in case I’m not in front of the screen. Still long on another open trade (spec for upcoming promotion), up about 10% so far but I’d like to hold this through promotion. If you want to know about this stock you need to subscribe to PrePromotionStocks. Yesterday Jason Bond closed a trade for a profit and open another 2 swing trades. FYI Jason is 9/10 on his last 10 trades and the one he loss is only -$60! So you can see that Jay really emphasize cutting loss quickly and let the winners ride, then take profit along the way. If you want to know his secret and learn from him, go here JasonBondPicks.
Here is my watch list for Thursday 26th of January 2012:
Corinthian Colleges Inc (COCO)- About 7% up today. Congrats to those who took the trade. I still like this one above $3 level because it might make a new trend and channel $3-$4 now instead of $2-$3. So we are looking at $4 target and $3 support. Good risk/reward at this level.
Eastman Kodak Co. (EKDKQ.PK)- Couldn’t hold above $.36 level by the close but looks like they are supporting it. Making higher lows in narrow range just like $AAMRQ before it ran 50%+ in 3days. This might be very well a big winner if you have patient.
Genetic Technologies Ltd (GENE)- Thinking this one pull back below $4 for a good rebound play. Not a trade for me yet.
AEtherna Zentaris Inc. (AEZS)- A buy for me once this thing pull to just above $1.4. Don’t get trap in fake bounce here guys.
