I was really lazy yesterday so I
didn’t do the watch list. However, the market is doing well and swing ideas
should work well from Monday’s watch list.
Wednesday’s
Watch List:
Galena
Biopharma, Inc (GALE)
Former runner and I think this one
could breakout tomorrow. Watch for weak open then gearing r/g action.
Affymetrix, Inc (AFFX)
Good bounce setup here. Don’t drink
the cool-aid if you get the wrong timing on this. Catching a falling knife is
tough and if you don’t know how to trade this setup go look for another. Real
support for swing is around $4.10 but is now bouncing of 50ma and 200ma so go
by price action.
Rubicon
Minerals Corp (RBY)*
If it can base above $3.30 for a
week+, I think it is on its way to $4.50 within a month. Short-term target:
$3.75
Capstead
Mortgage Corp (CMO)*
Higher lows and should be on its
way to new 52wk high. Chart screaming long-term hold.
EarthLink,
Inc (ELNK)
Looking for a bounce play at around
$7.20s.
