Wednesday, March 6, 2013

03/06/13 Wednesday Watchlist (9 stocks)

Market: The market is breakingout into all-time highs (Dow Jones broke all-time record). Not sure how long it will run for but be bullish. I will only short hype/over-extensions and buy perfect breakouts.

My strategy is mostly daytrading and short-selling but I will buy good set-ups for day- or swing trade only in a bull market.

Short Watch:

HIMX - is up on a Seeking Alpha article. I shorted it as it crack and covered for safe gains. It has vol and could spike, potential reshort if it does. Also potential short if it gaps down and spikes.

BWEN - started cracking yesterday but i missed my entry. potential short when it bounces or if it keeps fading.

ANAC - kept fading on Tuesday. still hoping for a bounce to short.

CMGE - sketchy chinese stock. spiked more on Tuesday and could keep running. potential short when it starts cracking ema supp.

MBLX - still spiking on no news. this is a squeeze machine so I wouldn't short aggressively. Potential short when it cracks ema supp.

MTG, CERS, and DYAX - are all over-extended stocks i'm watching for scalp. MTG is the most over-extended. potential short when cracks big thru supp.

Long Watch:

AMRI (earnings winner) - is a big earnings winner who reported eps of 0.17 which is big growth from previous quarters. i bought and sold for safe profits when it couldn't push to b/o 9 as vol faded. Needs to dip.Potential buy when it b/o 9

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