Time to reflect on some of yesterday's discussions, and today's actions….I was tied up most of the day in meetings, and did not take any positions because I couldn't watch…
First up is CCSI…Bill Wexler and Cat Lady were the first to mention on the thread, great call for a short…Cat Lady called it to a tee…should have followed her advice exactly…Great Call…I followed up with some T/A :
<<CCSI...seems to be forming a triple top, or maybe head and shoulders top here...if we close down tomorrow, and stochastics turn down below the 80% line, I would tend to agree on the short....>>
Which is exactly what happened….Can we have some further discussions about the merit of a short and the timing…..I did not take a short position today in CCSI…
ABTL – PULVIA……Turned up slightly today on low volume, but had a lower low than yesterday..
SFAM – I mentioned that if it took out the resistance at $16, it would be good to go long…It did not, and was off for the day…pulled back to just over the 200MDA…keep watching…
APGR – I mentioned before market open about big block accumulation…it continued today…keeping an eye on it…I would like to see a pull back to around 2.75..hoping to catch a shake on it….all technicals look good…Anyone else looking at this one????
PCNTF – Fast Eddie called for a breakout of base…was off 3% on the day…the break will have to wait…market down today though…Oh Eddie, I see why, you said Anal-ist…not analyst …LOL
New ones for the day:
Zeev:
ZYMI…Technically it appears to be trading in a range 18-22…currently against the upper Band….With this strong basing of over 2 months, the extraordinary volume today and the MACD making a good tick up, may be near a breakout of the base…
MASK.. Been trading in a narrowing range of $12-$13.5 for over a month.. Today it reached the top of the trading range at 13.3 on a little higher volume than the average of the last 3 days…Technical indicators are turning up and MACD may cross over tomorrow…
MTSN – Broke out of long base at $7 a few weeks ago and is currently up against resistance from feb of $9.5-10…volume is pulling back, I would expect to see price pull back .75-$1 before the next run…
That is all I have time for now….lets have some discussion of these and other picks….
Craig |
