Scans for 02/09/09 from InvestorsLive

by | Feb 8, 2009

Great Seminar tonight – many many great questions and more “uh huh” moments. Below are some scans for tomorrow as well as Muddy’s scan, a scan I use, a video from Tortexal and Seminar 4 chat logs.

Stock Fetcher Page Updates (including my scan) – HERE
Muddy’s Darkside Watchlist – HERE
Seminar 4 Chat Logs – HERE

BGFV keep an eye for the $7.50 test, if it cant break may be a decent short back down, but if it does break – watch for the break and hold of $7.50 followed by a surge towards $8

DHI 50% + move in the past week keep an eye for a gap and re-test of highs, but monitor for the short side. It it doesn’t move it may start to consolidate around the $9 area which was previous resistance and form a base for a move higher

DCGN keep an eye for the .25 hold this is the first day out of its .25 top, if volume continues this could turn into a multi day move (like ZILA – not as crazy but still may have 15-30% moves)

GTE from scan this past week, was waiting for the $3.25 break, played it in chat Friday, in $3.30s sold some at 3.41 and 3.49 closed HOD.

JRJC been on a tear latley off the $8 dollar flat line, keep an eye for a move past $12 – $14 is doable. Brief consolidation ofr 3 days in the $10 range can support a move higher, if it can’t break $12 tomorrow I will watch for the sit back under $11

WG borderline breakout over $11, watch for the break and hold

FITB killer move Friday many many many traders in chat played it, and profitted BIG. It went to $2.95 after hours (momentum never left) watch for the $3 test out of the morning and any possible continuation, followed by probable shorts – keep in mine though we are in a different market than 2 months ago which had even more fear than it does now so just because the chart is a bit over extended and probably a good shorting opportunity for 10-20% on the downside AFTER momentum runs out does not mean its going to go to zero, theres a good chance it will form a higher bottom

RF you know the story with this one, same as FITB thoughts – recap HERE.

WNC large candle Friday steady all day, keep an eye for further momentum resistance around $5, if it gaps up I will stalk for a short – if it holds $4 I’d cover, if it breaks through may have a dip back to $3.65-3.75 range

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