Thursday, May 14, 2009

Thursday's stock list (some adds already here)

I see that majority of my picks for short are trading in good down move for 1,2,3 even 4 days. Maybe it coz good falling market (but pennystocks dont much correlate with market overall), but anyway lets try not only daytrade but and holding more long term portfolio of my pennystocks short.
FITB - will not repeat again. This is old stock from last stock list's. We already know factors which moved this stock. Short 7$ breakout, target - 5,5$.
BAC - last 5 days this stock trading in nice smoth down trend. We can expect such style moving to 10$. Short 11$ breakout. Dont forget about market confirmation.
USB - our old friend :-) . This stock can show some strength in short term. It's CEO told that USB will be ready to move out from TARP program. Expect sidemove. Then can trade range breakout.
VNDA - be attentive for news on it. Especcialy about their new drug. Look for sidemove on it.
ETC - think stock. We can try to build 500-1500 shares position using limit orders. But wait for sidemove at first.
F - can expect filling range from 5 to 5.25 lvl on Ford. This autobuilder already attracted capital from own stock offering. F sold own stocks @4.75$. We could expect lower supply for short term period.

CLWR - look how it will be trading at 5$ lvl. POtentional short.
CCE - have to be stronger then market today.
CVLT - look on what price it will open. Potentional short on 10$ breakout.
SNE, WMT - will be weaker then market today.

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