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PERFORMANCE OF PICKS (03/30/09)

Sunday, April 5, 2009 Leave a Comment

Key - Start (S), High (H), Low (L), Close (C)

OWW - (S) 1.45, (H) 1.50, (L) 1.25, (C) 1.35. +3.4% (S/H), -6.9% (S/C)
Comments: Didn't pinch as expected, and basically trading sideways. Nearly touching the MA20, and should jump, but the MMs will keep it in question. Moving to the Watch List.

SOMX - (S) .35, (H) .76, (L) .32, (C) .59. +117.1% (S/H), 68.6% (S/C)
Comments: Pinched as expected, and may see some more upward movement Monday. Get your profits and move on.

SGY - (S) 4.00 (H) 4.20, (L) 3.09, (C) 4.20. +5.0% (S/H), 5.0% (S/C)
Comments: Very unpredictable, for daytraders. If you place the week of 3/23 over the week of 3/30, the trading cycle is almost identical. Will pop, moving to Watch List for now.

JTX - (S) 4.50 (H) 5.66, (L) 3.49, (C) 5.06. +25.8% (S/H), 12.4% (S/C)
Comments: Pinched on Tuesday and popped. Good gain, as expected. Will continue and a good hold for the short term.

IGTP - (S).0035 (H).0055 (L).0027 (C).0037. +57.1% (S/H), +5.7% (S/C)
Comments: Pinched on Tuesday and popped. Good gain, as expected. Sold my shares and moved on. Will probably get back in if it's not too late. Expecting a symbol change, and will make a quick play once I sell AMNE.

LJPC - (S) .23 (H) .26, (L) .13, (C) .14. +13.0% (S/H), -39.2% (S/C)
Comments: Not what I was expecting, but did recover some on Monday, then tailspinned. Could recover, but it looks like the shorters have this one for now.

CDR - (S) 1.88 (H) 2.36, (L) 1.50, (C) 1.96. +25.5% (S/H), +4.2% (S/C)
Comments: Wild daily swings, and you could make gradual profit everyday it seems. I expect a spike Monday or Tuesday, but with such a red day on Friday, I worry about the shorts on this one. Good one to watch though.

NCS - (S) 2.88 (H) 3.69, (L) 1.76, (C) 3.41. +28.1% (S/H), +18.4% (S/C)
Comments: Has support of the MA20 at 2.83, broke the Par Sar. May continue the run, but watch for a sell off soon. With this market, if you have the profit, take it.

SHS - (S) 2.82 (H) 3.09, (L) 2.37, (C) 3.08. +9.5% (S/H), +9.5% (S/C)
Comments: Sell off continued through Wednesday, but a good profit could have been made if you waited till then. Pinched on Friday and a great chart. Like this one and may move to this one on Monday or Tuesday. Resistances at 3.19, 3.38, 4.91.

FRP - (S) .60 (H) .91, (L) .52, (C) .84. 51.7% (S/H), +40.0% (S/C)
Comments: Pinched on Tuesday and popped. Good gain, as expected. Moving on.

 

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