Tuesday, June 12, 2012

Watch list for Wednesday 13th of June, 2012


Recap on Tuesday’s list:
$GWBU trading flat today, and I’m still waiting for a big squeeze to happen which I think it will. Consider it is holding up really well and if they don’t plan to squeeze it big they would have let it failed last week. There is no reason to support this puppy if they don’t have any plan. $FTK, I said this one is on my radar for bottom bounce and yep from $9.80 to $10.20. $RDN, looks like a breakout over $2.70 might come sooner. $CIGX, breakout over $4 is confirmed and we need more green on $SPY to send this to the moon. $XIDE, nice move today. $NBS, big gap up and pretty much flat all day. Will have to see if it can holds $.50range then perk off from there.

Wednesday’s Watch List:


LDK Solar Co., Ltd (LDK)
Big move today off consolidation and expect another gap and run tomorrow. But don’t hold on to it for too long because this can fade in the afternoon. If it opens weak and gearing towards r/g then that’s a good buy!


A123 Systems Inc (AONE)
Squeeze is on! Now trying to get over that resistance and I think more squeezes are coming this week. (A bit pulls with some consolidations expected)


Endeavour Intl. (END)
$END doesn’t look like it’s ending yet. Almost at 50% retracement now (level that I really like to buy for a bounce). Hopefully it came down and touches $8 then curling up from there.


Quicksilver Resources, Inc (KWK)
This is hard to catch the bottom but it could be a great risk/reward to play. From the chart history I am looking for hammer candle (green or red) then wait for 1 green day and the next day candle over candle to confirm short squeeze and bounce.


NPS Pharmaceuticals, Inc (NPSP)
Hammer time!