I am pretty upset because I tried to get a nice little stock as it bounced off support on Friday with about 5 seconds till the close and didn't get filled. I am going to buy this one monday am, then I have to leave for the rest of the morning, so I haven't done much research over the weekend. I think this is the first weekend I took off in about a year. I will post this stock after I am in, because it is thin and Mark's buying power would rocket it to a new high in a matter of seconds.
Danny mentioned my huge following, which is pretty funny. Personally I don't think we could get 5 men together for a game of poker if I invited all the readers here, unless it was strip poker and Cindy Crawford was playing. Danny, do you think Holloway is a lurker here? I do.
The retailers look next on the list to roll over. RLX has broken under the 21 day and is clearly rolling over. If it breaks the 50 day, we could see a similar move to the downside that we saw in the drillers when the OSX did the same, and also as the chip eq sector <SOX>. There are many high flying retailers with huge profits there for the taking. If the longs all want to exit at the same time, I want to make sure I am short. Watch the RLX and the 50 day, this could be a big winner. If the 50 day is broken, we will be loading up the cannon with shorts. I am watching PSUN for a short here, it is just under the 21 day and has moved up on light vol which is not a good sign, and divergence is there in RSI and MACD.
I am also looking to go long VIDE, not yet though. I am planning on catching that reversal however, there is definitely going to be a bunch of longs looking to catch that reversal, as many missed the first move.
Anyway, take a look at UBIX which I bot Friday, Oberweis has a strong buy on it, and from what I see Parker Hunter, a local firm in Pittsburgh has been sitting on the bid every day buying stock. Oberweis ests are .35 for 97 and .65 in 98. Co earned .04 in 96, so there is some nice growth here. This stock hit 17 and then sold off on very light volume in this recent weakness.
GNRL once again has hit support at 14 1/2 and has reversed here a few times already, so this is a no brainer with a tight stop.
AMES had a nice reversal day friday on big volume. If I am going to play retailers, I am going to be very cautious with the RLX in a precarious position, and only play those that are severely undervalued, and AMES and PAUH fit that bill. Navellier has AMES highly rated.
Lastly, NTSC has some big size hitting the bid, which is very interesting. I have been following this stock for about 9 months, and I have never seen such size on the bid as I saw friday. Navellier likes this stock a lot. |
