ISON, PACT, TASR Updates
I exited ISON at 3.21 on Mon and bought back today at 2.85. Its chart looks very bearish now and it closed below its 200-day MA (2.98) today which tells me there are more downsides ahead if there is no PR tomorrow. The management has been good at supporting their stock above certain levels in the past months, and this is the reason I am in today for the possibility of a PR tomorrow. If there's no news in the morning, I'll be out promply and looking for re-entry at around 2.5.
PACT broke 9.5 today with small volume and reached as low as 9.22. I got out at 9.46 since it hit my stop-loss. It is now approaching its first major support area (9-9.2) which it has to hold in order to continue its recent upward momentum. I'm looking for a re-entry at this level and I will hold it till next week to see what happens next.
TASR has been on my radar for 2 weeks already and I'm looking to take a long position tomorrow at around 12.5 . Although this stock has been badly beaten by safety concerns and negative publicity several times, it's still clearly the leader in its market with great balance sheet and high rev growth. Moreover, the high short interests in this stock have the potential of being squeezed severely due to any good PRs. I believe the downside risk at this point is relatively slim compared to substantial upward potential in the coming weeks. So my advice is get in now and hold firm. Patience will be rewarded:)
Good Luck and Have a great weekend!
PACT broke 9.5 today with small volume and reached as low as 9.22. I got out at 9.46 since it hit my stop-loss. It is now approaching its first major support area (9-9.2) which it has to hold in order to continue its recent upward momentum. I'm looking for a re-entry at this level and I will hold it till next week to see what happens next.
TASR has been on my radar for 2 weeks already and I'm looking to take a long position tomorrow at around 12.5 . Although this stock has been badly beaten by safety concerns and negative publicity several times, it's still clearly the leader in its market with great balance sheet and high rev growth. Moreover, the high short interests in this stock have the potential of being squeezed severely due to any good PRs. I believe the downside risk at this point is relatively slim compared to substantial upward potential in the coming weeks. So my advice is get in now and hold firm. Patience will be rewarded:)
Good Luck and Have a great weekend!
posted by dreamrealizer at 2:32 AM
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