Honestly, Daniel. . .I am numb from looking at so many stocks today. . I can tell you that there is lots of talk about some of the small float stocks. . .I am a bit concerned that with everybody going after so many at the same time, that it will dilute the sting of buying pressure and none of them go up.
Doubt that will happen like that. . .there will be some winners. . .just too early to tell. . . waiting for bell on this one. Shorts have made their list of everything that ran up last week. So we make our list of what we would like to see up.
I am starting in the pennies tomorrow. . .if the market stabalizes, I will return to the bigger stuff.
Most watched for tomorrow in the small stuff is FCCN, MTMC, PLCO, PLCOP, ECIC, ALFN and USTI. Toy companies should get a boost by the toy convention at the Javitz in NYC all this week. . .lots of Wall Street Press coverage. . . should help PLCO, APII, ALFN, SYCD, etc.
Other than that, the rest of the market is on wait and see mode. . . the shorts have taken position in many stocks and coupled with profit taking has sent the markets, especially Nasdaq, lower. If I were looking at a crystal ball for tomorrow, I would see a headfake to the South to start the trading day, followed by a really quick rally. Rest of the day I would see flat. But that is just an educated guess.
Hope that helps some. . .off to bed for me.
Take care,
Rande Is |
