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: ISON: 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: Trade well tomorrow and stay tuned for updates!
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2 Comments:
I want Isonics to take off but I don't think they have the news the stock requires to do well. Unless they announce sales of their bomb detector, I seriously doubt it will hold above $2. You still planning on buying more? I want too but...
Remember Trading Rules #1? ***Buy on extreme weakness, sell on extreme strength. Even the most volatile market has patterns...and most of these patterns are linked to psychologies of traders/investors. In this case, even a firm long-time follower of ISON like you (I guess) starts faltering and making doubts, it indicates that it is probably the time to buy/load more. There are many common techniques MMs use to drag the stock price done and shake out weakhands and momentum traders...then they can get much cheaper shares and hold for much highers prices to unload.
Back to the technicals, ISON has been trading at above $2 since last Oct and it went down from $6 on virtually no volume (compared to the up ones). I think it can hold 2 for a while EVEN there's no PRs from the company this week. So I'm going to buy more and hold it for at least a week and see if the chart can improve. Again, stop-loss will be set just below 1.9.
Be patient and confident:) Good Luck!
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