12.30.2010

Dec 31 - Fri. "REE Mover"

Milestone Financial Investments L.L.C.
  • Nasdaq-100 After-Hours Indicator Down 0.52 at 2,225.20
  1. SNV s/s this stock today at 2.6, Alot of resistance at 2.7. Target 2.
    • So I"m short as well a few of you from chat. I like the same move it just made if you look at the chart, just click the ticker, if it retests 2.7, and breaks to a new high I would cover and take a small loss cuz that means its not following our plan.
    • Stock saw some downside ah's hitting 2.49, I was 5k short so I cover'd a little bit and locked some profit in letting the rest ride, it got some support at 2.5 tomorrow so if you are in this for the short term that may stand as a level to cover at.
  2. ESLR: +1.7%; 
    • sets 1-for-6 reverse stock split. 
    • Gained a little bit ah's this could possibly be a short play tomorrow depending on how it opens. 
  3. XETA : +2.4%; 
    • reports jump in revenue compared to year ago.
    • real low float, but this is the only earnings out there.
  4. REE: +2.4%
    • I shorted a few shares before close as it was ripping, idk, maybe a bad play, but imho, these rare earths are far too gone and MCP was the one that had news of talking with other companies about joint ventures, not REE, so only reason for the pop had to be that people are anticipating Beijing's strict rules being put forth soon, I dont believe it. 
    • although, stock did hold 52's well and pushed little further in after hours. Might of been early on this short.
    • +65% this wk. Mktcap $500M+ REE filed 20F on 11/1 and on pg 11 it says REE "has no known reserves and no economic reserves may exist on its properties"
  5. VHC - watching for a rip higher
  6. MBI - super strong today and closed at top its intraday range.
  7. SHZ - another rare earth play
  8. VISN - had some news today, that pushed it higher
  9. HOKU - rare earth
  10. XOMA - 5 bucks stood as a major support level, bounced nicely off of it today, could see it again tomorrow.
  11. IGOI - I've been wanting to get back into this at 3.75, got close today and vol came in.