Watch List Part 2 & Responses:
The only things that went up on my screens were the ones I was long on, so although DIMD and GE were sold for reasons stated yesterday, as well as getting out of NSCP and CPQ on protective stops, I remain with GM, TCOMA and INEL. Of the others listed worth keeping an eye on, RAYS continued its creep upward but I didn't buy anything today as the market looks to keep going down for the rest of the week anyway.
As for the other tickers asked about, for what its worth...
AAPL - has gone as low as 12.75 before going back up, so I figured I would place a limit buy at 13. It still has some heavy downward pressure on it right now at 14.5, so wouldn't enter just yet. Fortunately it trades with a substantial enough volume that you can see the reversals intraday.
ISCO, QNTM, and SYSF don't have heathly charts, and although QNTM seems awfully oversold, it hasn't shown any sign of reversal yet. SYSF I would be particularly wary of as its formed a descending triangle, and the last four times that happened, the stock dropped and looks like it could go as low as 2.25 this time.
EGLS is another story. If it hits a high of 18 and closes above 17 it would be in a technical reversal. Its getting close to that now, so this week's action might take it there based on the volume:uptick ratio.
lastshadow |
