Great day in chat today. A lot of people still
confused on how we make money on down market. I will need to make a lesson about
shorting soon. Also if you are in chat and follow Luke’s day-trade alerts,
please keep in mind that when we do day-trade, we only look for 1%-5% gain per
trade so don’t chase it up because you will be the one buying shares that we
are selling.
Watch
List:
LeapFrog
Enterprises Inc (LF)*
Still my favorite chart for swing
long. Rejecting that breakout area but I think mainly only because of the
market. Up trend is still intact
and we are right at around lower channel here so I think it’s a good place for
half a size and add more above $11.
DCT
Industrial Trust Inc (DCT)
Nothing much here. Right at around
support and could curl back up next week. Looking for a hammer or bullish
engulfing pattern.
Harvest
Natural Resources, Inc (HNR)
Looking at around $4.70s for a
bounce play.
Saks, Inc (SKS)
super week here but also support is
really strong. If it gets down to $9.50s that would be a good price to start
swinging with tight stop loss.
Gluu Mobile Inc (GLUU)
Nice sell off today. Use that 50ma
for swing long idea. $4.46 from this chart.
