NO PDT BROKER

Sunday, November 4, 2012

Watch 11-5-12

CMG-  Bearish bias-  I think this will drift lower if we can break 260 and stay below it.  First resistance 265 then 270.   want to see 262-265 become resistance for immediate term for a move lower this week.
SRPT-  Bullish bias.  I believe it has finally found a bottom would like to see $22 hold from now on but key suport 21.55-22   first target 25.50  then 27 then 30.     This is 23 points off the high with no multi-day bounce.
PCLN-  Big gap on good earnings but we closed 22 points off the high thats very bearish to me.  this looks like people are taking this chance to get out of the with even or with a small loss from the congestion area of 650-680.    A break of 630 i expect a retest of 610 or 600 fairly quickly.  Would like to see this stay below 640-642. If this holds above 640 my bias is changed to bullish.
FSLR-   I am still bullish on this trade as long as some supports hold  21.50-22 i want to see hold.  KEY support 20. The down day on earnings was on very light volume considering other down days which i think is important.    I took a position in Dec 23 calls and will add on any dips.  I have a 30 target on this before end of year if we can go back above 25.  
 ANTS-  .018-.02 if you accumulated shares congrats to you your up over 50%.We had highest volume day on ANTS in over a month.  I believe this will speed up on a .04 break and possibly go to .10+.    want to see .03 hold now
VHC-       To continue its uptrend i want to see 27.75-28 hold tomorrow.  The trial has just begun but i believe its being pressured down because of VRNG.
AZFL-   Holding .06 closed at the highs.  .09. up 50%  so far.   .12 target now and possibly this gets promoted.  
GMCR-   support 25.25  -25.60 . Break and hold above 26 and head towards 30.


Remember this is just a watchlist and do not guarantee to be profitable trades. Use your own judgment when making the trade.

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