Here are some plays I am looking at. Done just very cursory chart looks, so all disclaimers apply ( I have looked at charts only, no fundies):
LONG
CTV - breakout on big volume
RML - upward move confirmed by candles
SRA - nice pop with big volume, will it continue?
UTR - 3 day consistent move up
ELP - bullish engulfing, good volume, Lehman says buy
SHORTS
I need help here. I think the market is sick and the short side is the best way to play. There are folks that think we'll have a bounce. If so, this would be a great opportunity to short the internuts, IMO. I missed out on my favorite short, LCOS, today. but all of them appear weak.
TTC - getting killed by Honda. Not for a quick buck, but maybe 1/8 or so per day. I almost shorted TTC last month, but decided to go with WIT, AMP, and BGG. Stopped out of AMP for a 5 point gain so I am adding TTC. Asia is not going away.
WCAP - bid up from 1 to 12 over the last two weeks. Apparently have an interest in the Geocities IPO out either THU or FRI. they may get a pop up, then a decline. Be careful.
Good trading and do due diligence.
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