As you may have noticed, I like to buy high flyers on their first significant correction. My feeling is that the market makers got hammered so bad on the big run up that they are going to do what it takes to take it back down. Then, once all weak hands are shaken out and buyers return, mm's will cover their short and stock will reverse and move on up again. TMBS was one today. There is absolutely nothing wrong with this company, however there are some mm's with some parts of their anatomy caught in a vice and they need to eat too, so they are going to have to make some money on their shorts.
I have three suchs plays tomorrow, but they are very thin and I need to get in first.
Not sure if mentioned earlier today, one of my fav stocks broke today, GEOC, which I bot and flipped then rebot, closed at high. Huge vol also and good news, first union deal.
I am hoping they take CYBX down to the 21s again for me to add.
MDCO closed very strong, and sox acting very well also, mdco trading over market after hours.
KELL going to break soon.
sold 1/2 pauh for 3/4.
One stock I like is drifting on no vol and is at support, GICOF.
BVSN acting very strong.
NRVH acting well and looks to make a move very soon.
MODT also, there are no sellers down here. |
