Here are my own views on NEWZ & BBC & INCL
NEWZ has spiked artificially, and I would short artificial pumping, because they eventually fall like a rock. Thus, I would short newz because it is in a down-trend, but this last minute spike put it above the 50-day moving avg which is $10, thus I would short it on Monday if it stayed above $10, but I am almost sure it will open way under what it closed at Friday, perhaps $6-8.
Same goes for INCL. All artificial pumping.
BBC, however, I wouldn't short at this level. It has good fundamentals over all, and it is way above the 50-day moving avg, and in an upward trend which is dangerous. The market is full of many FAT stocks that needs some weight-loss. :)
I like just 1-day-trades. This is my style, and it works 99% of the times for the past 2 years. |
