10.21.2010

Oct 22 - Fri

Milestone Financial Investments L.L.C.
  • Nasdaq-100 After-Hours Indicator Down 3.44 at 2,086.66 
  1. SNDK, +9.1%, 39-41
    • huge pop to 41 very fast after earnings, then downtrended over the bulk of evening trade and leveled out at 39, some small pops off 39 level indicate that there is upside potential, but that you get alot of sellers above 40, inclined to like this for a move from 39 to 40+, but be careful after 40, long.
    • on the short side 41-40 stood as a strong ceiling with very strong sell pressure an area that might prove tentative for more risk tolerant shorts tomorrow.
    • a pre market open has potential around 39.5 area.
    • While the longer-term widening pattern may bode well for longs in SNDK tomorrow, the mixed performance following an evening gain, combined with some late sell pressure in the shares may open the door to play both sides of the issue tomorrow. Early longs may want to linger near the 39 to 39.50 levels, a range that could see lift back up near 40 or above. On the short side, the 40.98 to 40.77 area set up as a tentative ceiling level tonight, an area that could see downside drift back below 40.
  2. RVBD, +6.8%, 48.5-51.5
    • stock popped to 51.35 and came down to 48.5, only to once again test the highs of evening trade around 51.5 and ended night trade holding its gains, would have more long on the issue, for moves in the upwards of 52.
  3. BIDU, -2%, 97-106
    • The reversal trend in place, and some difficulty the stock recorded in crossing more aggressively above the 105 mark may open the door for early shorts to watch this area as a tentative ceiling level. We would be cautious at this level, however, and perhaps move to the sidelines through the early going tomorrow as it wouldn't be surprising to see BIDU open the day near this area and perhaps look to push to fresh near-term highs. On the long side, any revisits back down to tonight's lows of 96.64 up to 99 could offer buyers opportunities as this area held as a decent floor immediately following the company's report.
  4. AMZN, -4.1%, 159.5-156.5
    • Sellers were most active tonight at 164 down to 160, levels shorts may want to eye as a potential near-term ceiling level. More risk tolerant shorts may want to bring the entry down closer to the 160 to 159 area as it looks likely AMZN records a pre-market start lower than 160. On the long side, a potential floor support could could develop in the low to mid-150s as buy liquidity was aggressive off the 155 mark tonight.
  5. FTNT, +8.1%, 26.2-27.2
    •  very strong uptrend after hours, looking for more, it held its pop well and should continue off of more volume tomorrow.
  6. CMG, +4.9%, 185-191
    • held the 188 level well in night trade, looking for moves upward above 190-195 in the coming weeks.
  7. ALGN, -13.2%, 18.25-17.25
    • downside objective was pressed heavily and I the short at 18 getting drops to below 17-16 area tomorrow.
  8. TZOO strong pop early on, tried to get back to highs, but mkt weakness and lower volume kept it from pushing...   
  9. HOOK pretty solid day, held 6.75 well, looking to long with any return to that level, keep volume onwatch.  
  10. ZAGG had a solid up day, solid month, I think it goes to 10 here shortly.
  11. ABK this one has been taking a day or two of rest and then hitting new highs each time it pops, taking some long  
  12. OINK Looking for 6 to break to send this one to 52's.
  13. HOOK on the long term look, Captain HOOK just broke resistance at 6.66 area, could see major run next few days.
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