Updates on GRU, AIRT, ANTP, CFCI

AIRT&ANTP did very well today before the FOMC announcement at 2:15pm. The boost of another quarter-point in interest rates and broader inflation worries rattled investors and caused a major selloff towards the close. I closed my positions on AIRT&ANTP with profits and GRU with losses the instant I saw NAS&DOW dropping into red territory, although I was expecting AIRT to top 20 today and ANTP to close above 22 and gap up around 23 tomorrow morning. In this highly volatile and unstable market, it is very important to adjust your price targets accordingly and react promply to any unforseen changes (eg. unscheduled news, changes in chart pattern). Today's selloff is overall bearish and I expect major indexes to continue their downward momentum in the coming days. I'm looking at 10360 as the intermediate-term support for DOW and 1970 as the first support for NAS. Until they hit these support levels, it is advisable not to go aggressively long on any of the low-float stocks I've mentioned due to their high risks and high volatilities. Now let's go back to the specifics..... GRU: I was expecting to see a surge to the upside today and a close above 20.5, unfortunately it worked out the other way round. Its chart still looks bullish to me at this point and I expect it to hold 17 and bounce off from it tomorrow. Failure to hold this level will lead it to re-test major support at around 15.5 . AIRT: It almost hit my target today with more than 3m volume traded. I expect it to consolidate another few days before making any significant movements. I see today's high as the intermediate-term top and I will let you know about the next entry point when the chart says so. ANTP: I still maintain my short-term target of 27+ on ANTP. However, if the major indexes continue their selloff momentum in the coming days, its breakout may fail to hold and it may resume its downward trend eventually. So my suggestion is: if it gaps up in the morning at around 21, it is wise to sell and get back in lower later; it it opens flat, it is worth to hold and see what happens next. CFCI: I was expecting a gap up in the morning above 25 but it didn't work out that way. I closed my positions and I'm interested in buying back some shares at high 21 & low 22 with stop-loss below 21 depending on how well the general market performs tomorrow. Trade well tomorrow!