Updates on HRT, ANTP, AIRT, ISON, INCX for Thursday

HRT: I still maintain my short-term target of 22.5 for this stock so 17-18 looks like a great accumulation range to me right now. My stop-loss will be set below 16.7. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hrt&sid=0&o_symb=hrt&freq=1&time=6 ANTP: I'm interested in buying ANTP at around 15.5 tomorrow with a stop-loss just below 15. 18 or higher is where I'm going to unload. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=antp&sid=0&o_symb=antp&freq=7&time=18 AIRT: I expect it to reach an intermediate low in the next day or two. My accumulation range will be around 14 and stop-loss is below 13.7. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=airt&sid=0&o_symb=airt&freq=1&time=6 ISON: I believe this security momentum stock is extremely oversold right now and it can easily bounce +50% from this level with just a little news/rumor. I will be accumulating it tomorrow hopefully at 1.6 level. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ison&sid=0&o_symb=ison&freq=1&time=8 INCX: I will keep a close eye on INCX tomorrow. If the earnings come out great, it is gonna be a wild ride back to 15+. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=incx&sid=0&o_symb=incx&freq=1&time=7 Trade well tomorrow!

Updates on TASR, VEXP, BOOM, TZOO

The sluggish behavior of the major indexes for the past week indicates there's probably more downside ahead. I anticipate a re-test of 1900 for NAS and of 10000 for DOW within next few days so make sure your stop-loss is always in place when longing stocks esp those with high volatility.

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=nasdaq&sid=3291&o_symb=nasdaq&freq=1&time=7

http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=djia&sid=1643&o_symb=djia&freq=1&time=7

Now let's take a look at some good longs for tomorrow:

TASR:

• Its chart looks good here and the momentum is getting stronger. As we can see from the following chart, there's a gap at 11-12 to be filled. I expect it to continue building strength in the next few days IF major indexes stay above their support.
• I accumulated some shares today at 9.06-9.12 and I will buy more tomorrow morning if it opens low. My stop-loss will be just below 8.9.
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=tasr&sid=0&o_symb=tasr&freq=1&time=5

VEXP:

• I expect this momentum stock to reach 7.5-8 tomorrow due to continuous momentum and strength.
• I bought some shares before the close today and will buy more in the morning around 6.5. 6.25 will be my stop-loss.
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=vexp&sid=0&o_symb=vexp&freq=1&time=4

BOOM:

• BOOM looks like a good short to me at this point with a short-term target of 20.
• I will short it as close to 29 as possible with a stop-loss just above 30.
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=boom&sid=0&o_symb=boom&freq=1&time=6

TZOO:

• I'm interested in buying TZOO at this point with a stop-loss below 28.8.
• Its chart looks great with little downside risks and 40 is my short-term target.
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=tzoo&sid=0&o_symb=tzoo&freq=1&time=6&x=48&y=18

Good Luck with your trading and stay tuned!

Updates on HRT, AIRT, VEXP, IPIX

After a little bounce from the supports yesterday, Dow&NAS are now back to their recent lows again - 10000&1900. Watch carefully for these supports tomorrow if you are holding a long position or trying to take a long position...a break of these levels could really make things nasty and you'd better take your cash and run if that's the case. Here're the potential runners for tomorrow: HRT: Buy upon break of 19.2 and 22-22.5 is where I will unload. Stop-loss will be set below 18. AIRT: If you didn't get in at around $14 as I've mentioned 2 days ago, here's a daytrading opportunity for you. Get in as close to 15.8 as possible in the morning with a stop-loss below 15.5. Next resistance is at 18-18.5. VEXP: I'm going to daytrade this stock again tomorrow if it reach low 5s. An easy 20% gain if that's the case. Stop will be set just below 5. IPIX: I'm interested in buying IPIX as close to 2.5 as possible tomorrow and 3-3.25 is where I'm going to unload. Trade well and stay tuned!

Updates on ISON

If it breaks 1.9 today, I will get out and re-enter before the close (probably at around 1.8). There's a possibility that management to release a PR soon to prevent their stock price from falling so quickly. Let's see if the news is just around the corner.

HRT, BOOM, VEXP for Tue

HRT: I will daytrade this stock tomorrow if it can break $19 with large volume. $22 is where I'm looking at to unload and stop-loss will be tight. BOOM: I'm interested in accumulating it starting from tomorrow at prices as close to 20 as possible. I expect a short-term bounce to $30 within a week. VEXP: Today's action was impressive taking into account the roller coaster movements of general indexes. Looks like momentum traders are back on board with almost 2 million shares traded. I expect another up-movement tomorrow and resistance is at 7.5-8. Good Luck for tomorrow!

Stocks to Watch in the week ahead

After the past 3 days' huge selloff, I expect the general indexes to hold 10000&1900 and consolidate in the coming weeks. I believe Dow&NAS are both approaching the intermediate low and this selloff looks like a great opportunity to reload for the bulls. Now let's take a look at some stocks which are poisted to move next week: TASR: This non-lethal weapen manufacturer suffered substantial loss in sales in the first quarter due to its negative publicity and lowered its revenue estimate to approx. $10 million compared to consensus of $13.64 million. I believe all of the bad news have already been priced into the stock and $12 is my short-term target for it IF the earning coming out on Tue either beats the consensus or roughly meet the consensus. Otherwise, I wont touch it till it reaches 7 or below. AIRT: This momentum stock has reached its intermediate support (around 14) with low volume. I'm interested in accumulating it at this range on Mon and 16-17 is where I'm looking to unload. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=airt&sid=0&o_symb=airt&freq=1&time=6 ISON: ISON looks like a bargain to me at current price level and I'm going to start accumulating it on Mon at prices as close to 2 as possible. I'm going to hold it as long as it doesn't break 1.9 with large volume and +100% gain is what I'm looking for in the short-term. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ison&sid=0&o_symb=ison&freq=1&time=8 ANTP: I'm interested in daytrading this wild stock tomorrow to 20. I will buy when the selling pressure stops and bids become strong. Tight stop-loss is strongly recommened in playing this one. VEXP: I'm also interested in buying VEXP tomorrow with stop-loss set below 5.8. With this downward trending line getting smoother, I see an imminent bounce with large volume in the next day or two. My short-term target for it is 8-10. http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=vexp&sid=0&o_symb=vexp&freq=7&time=18 Trade well tomorrow and stay tuned for updates!

VEXP, Oil Stocks for Thur

Today's big selloff of major indexes indicates that the market might wanna go down a little bit further from this level. So watch carefully for their next stops: 10250 and 1950 and I think cash is probably the best option for Bulls now. VEXP: Its chart looks much better today compared to yesterday. Momentum stays strong and the price held up well considering the huge market selloff today. I'm still expecting a strong bounce back to 10-11 very soon IF the general market is able to hold this level of support for at least a while. Two entry points here: as close to 7.5 as possible with a stop-loss set just below it; upon break of 8.65 with large volume with a tight stop-loss. See my previous post and comment about Oil Stocks GEOI, ABLE&FUEL. Trade well tomorrow!

Re-entry on GEOI, ABLE & FUEL

I expect Crude Oil Futures to hold $50/barrel for now and looks to me that a bounce back to 53-55 is due soon from this chart. http://www.wtrg.com/daily/clfhl.gif Entry points for GEOI, ABLE&FUEL are as close to 9, 8.5 and 1.85 as possible with 25 cents stop-loss for GEOI&ABLE and 6 cents stop-loss for FUEL. I'm looking at +20% return on each of these stocks before the end of next week. Good Luck!

NGPS, VEXP, ANTP, GRU for tomorrow

NGPS:

• I expect NGPS to hit 25 within a week and I'm interested in buying this stock at around 20 tomorrow.

VEXP:

• In and out of this stock for the second time today looking for the short-term bottom. I believe consistent effort and patience are necessary in doing bottom-fishing esp. for a 'big fish' like this one.
• I'm going to try it again tomorrow and 10 is the target I'm aiming at.
• Again, always be cautious and disciplined on cutting losses on fast moving stock like VEXP. It went up from 4 to18 in one day means it also can drop to 5 or lower with a blink of eyes.

ANTP:

• I expect ANTP to hit 30 or higher in the next day or two. So here's my buy point and stop-loss will be set below 26.

GRU:

• I'm also interested in buying GRU in the morning at around 16.5 . Stop loss will be set just below 15.8.
  

Good Luck!

Stocks to Watch on Tuesday

Keep a close eye on NAS&DOW tomorrow for possible breaking down of 1990&10400, which will force these two major indexes to re-test their recent support at 1970&10350. Failure to sustain these support levels will push them further down to their next supports 1950&10200. Long Candidates GEOI&ABLE&FUEL: Same entry points as I posted on Mon Watchlist. Short Candidates FORD: I'm interested in shorting FORD at 15-15.5 tomorrow with a stop-loss above 15.6. Stochastics are reaching overbought levels and MACD hit the top. CFCI: I'm going to short CFCI in the morning around 30 and I'm looking at 25-26 to cover. Updates on VEXP&ARTW VEXP: Took a loss today while the downward supporting line was broken. However, I'm still expecting a bounce to 11.5-12 soon. I will reload at around 8 if it opens low in the morning and I'm looking at at least 10 to unload. ARTW: I think anything from 7.1 to 7.6 is a strong buy. I will set my stop-loss just below 7 and 9+ is where I'm looking to sell at. Good Luck for tomorrow!

Stocks to Watch on Mon

ARTW: This agricultural equipment manufacturing company posted $0.17 dilluted income per share for the first quarter compared to $0.01 dilluted income per share for same period last year. Gross Margin for the first quarter of 2005 was also up 10.8% to 34.9%. http://biz.yahoo.com/prnews/050408/cgf016.html?.v=4 The news was not bad. However, due to its extreme volatility and historical patterns, I prefer only daytrading this stock for the next few days. Two entry points here, get in around 9 in the morning if it opens low with a stop loss below 8.5 OR enter upon break of 10.1 with large volume. I'm looking at 12+ to unload for both cases. GEOI&ABLE&FUEL: I expect these oil momentum stocks to have a small rally in the next day or two with fewer volumes (less momentum). Entry points are: around 10 OR break of 10.85, 10-10.3 OR break of 11, as close to 2.25 as possible OR break of 2.4 . Exit points are 12, 12 and 2.6 respectively. Tight stop-loss is recommended. VEXP: I'm interested in daytrading this stock IF it hits 10-10.5 on Mon. I'm looking at 14 to unload and stop-loss will be set just below 10. Trade well tomorrow and stay tuned for more updates!

Portfolio Scoreboard for the Week

Symbol L/S EntryPrice CurrentPrice(Or ClosedPrice) Profit% Sentiment(Or Action) FUEL L 2.23 2.70 21% Closed NGPS L 20.97 21.68 3% Closed NGPS L 21.05 21.95 4% Closed HRT L 17.95 18.70&18.75 4% Closed GEOI L 10.7 11.33 6% Closed GEOI L 10.92 11.4 4% Closed TASR L 10.1 9.64 -5% Closed TASR L 9.18 9.16 0% HOLD SINA S 31.7 29.98 5% SELL&SHORT Mon's pick will be posted tomorrow night. Have a great weekend!

I will be traveling tomorrow and will try and post Thur Watch tomorrow night. Take a look at the comment if you are interested in GRU, TASR, AIRT, NOVL, NGPS and HRT.

Trade well tomorrow!

Updates on HRT, NGPS, ABLE, GEOI, FUEL

HRT:

• HRT looks ready for a run to 20 tomorrow from this 5-day chart. I will watch carefully for the strength of general indexes before taking a position in this stock. My stop-loss will be set below 17.5 .
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hrt&sid=0&o_symb=hrt&freq=7&time=3

NGPS:

• I see this stock heading to 24.5-25 area soon from this 3-month chart. Its volume in the past few days has been great and momentum is high.
• Again, I will wait and see how Dow&NAS perform in the morning before taking a position here. My stop-loss will be 21.9 .
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=ngps&sid=0&o_symb=ngps&freq=1&time=6

ABLE&GEOI&FUEL:

• Took my profits on GEOI and FUEL today and I expect these oil momentum stocks to consolidate for a day or two after their extended rally in the past few days.

Trade well tomorrow!

TASR Re-entry

I'm interested in buying TASR in the morning if it opens lower. Although its earnings projections are not that good, this is exactly what everyone was expecting right? I dont see it dropping below 10 at this point and a short-term bounce from here should take it to at least 11.5 . So low 10s is your entry and stop-loss will be set below 9.8 . Let's see if we can catch the falling knife:)

Stocks to Watch on Mon

ABLE&GEOI&FUEL:

• While Crude Oil Futures are trading at near record levels and heading to my intermediate-term target $60/barrel, I expect these three oil momentum stocks to continue their rally on Mon with resistances at 13, 11, and 2.5 respectively.

SINA:

• This Chinese internet stock is on my shorting list while it is approaching its 1-month high (34.25). It gained a little bit over 6% on Fri with average volume due to continuous momentum on net stocks over the past week.
• I expect SINA to reach an intermediate top at the beginning of next week and my short-entry for SINA is as close to 34.25 as possible with a stop-loss at above 35.
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=sina&sid=0&o_symb=sina&freq=1&time=9

NGPS:

• BUY&HOLD as long as it stays above 20.82 . I expect to see 23 soon if general market holds well on Mon. Otherwise, I will get out and re-load at 20.

HRT:

• I'm expecting it to touch 20 on Mon if market is doing well. However, if it opens low and the bid is not strong, I will sell and re-enter at 16.5 .

Good Luck on tomorrow!

Portfolio Scoreboard for the Week

Symbol L/S EntryPrice CurrentPrice(Or ClosedPrice) Profit% Sentiment(Or Action)


TASR L 12.65&13.05 13.42 4% Closed

TASR L 12.61 12.54 0% Closed

TASR L 12.12 12.70 4% CLosed

FORD L 12.16 12.89 6% Closed

GOAM L 8.06 8.14 0% Closed

FUEL L 2.11&2.05 2.35 12% Closed

FUEL L 2.23 2.16 -3% HOLD

GEPT L 2.67 2.9 8% Closed

GIGA L 4.12 4.50 8% Closed

NGPS L 20.97 21.1 0% HOLD

HRT L 17.95 17.98 0% HOLD


Picks for Mon will be updated shortly. Stay tuned!

Stocks to Watch on Fri

HRT:

• Huge volume on HRT today following the record earnings release. IBD this week? We will see:)
• I'm interested in buying it at low 16s tomorrow (if I'm lucky) and my short-term target for HRT is 25.
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hrt&sid=0&o_symb=hrt&freq=1&time=9
  

NGPS:

• NGPS closed above its 50-day MA today with large volume. Its chart looks great at the moment and I see 25 as its next stop.
• http://stockcharts.com/def/servlet/SC.web?c=ngps,uu[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G

GIGA:

• GIGA has been on my daytrading list for two days now and I'm still expecting a bounce to 5 from this point very soon. Tight stop-loss is recommended and my entry point is upon break of 4.15 with good volume.
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=giga&sid=0&o_symb=giga&freq=7&time=18

FUEL:

• Got out at 2.35 and re-entered at 2.23 by the close. Its chart still looks good here and I'm looking at 2.7-2.8 to unload.
• http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=fuel&sid=0&o_symb=fuel&freq=1&time=4

Good Luck for tomorrow and Have a nice weekend!