4.11.2011

Apr 12 - Tues. "Damned if U Do"

Milestone LLC
  • Keep braking it down, breaking it down, this mkt is kinda lame, just a few plays here and there to mess with each day, the lull is longer, the action is shorter, the direction is flat to fade, wack. What can you do though? Just keep hitting the good ones hard....lets make it.
  1. WMS 
    • pre-market open Tuesday may have potential in the 33 to 32.50 range. The 33.82 to 33 area was a consistent ceiling range through Monday's night trade so early shorts may want to watch for a potential top to form here early on Tuesday. More risk tolerant shorts may want to sit closer to 33 into the high 32s, levels that saw consistent sell liquidity in the mid-session and second-half of night trade, and where a possible top could form to ride added weakness back toward 32.50 or below.
  2. AA 
    • pre-market open Tuesday may have legs in the 17.20 to 17 area. We noted earlier today that AA has a strong tendency to add to its earnings-driven after-hours decline in next-day regular session action. AA has recorded an after-hours decline in 14 of the last 28 quarters we've tracked, and 10 times, or 71% of the time, that decline has widened for deeper losses by the following day's regular session close. The firm widening pattern in place on the downside, combined with consistent sell pressure recorded in Monday's after-hours would have us looking at possible short plays on AA early on Tuesday. Shorts may want to target a possible entry point near 17.57 to 17.27, an area that stayed firm as a ceiling through the first-half and mid-session of the evening. More risk tolerant shorts may want to sit closer to the 17.27 to 17.15 area, levels that stood as a tentative top in the second-half of after-hours trade.
  3. JBII - pump cometh.
  4. AONE - looking for reversal signs, tried today for a split second.
  5. KKD - long swing play here of 5.5
  6. DCTH - looking for 8 cross, think it had a conference call.
  7. TIV - nice cheap stock with upside potential.
  8. GLBC/LVLT - buyout and stock trade offer. 23 offer/ but short short squeeze over.
  9. Rare Earths: MCP, REE, SHZ, AVL MYMNF. - rare earths been hott, MYMNF a baby MCP with some news out on it, forgot the article, but I tweeted it earlier.
  10. INSV - bagholders anonymous
  11. MRVL - recomended as a solid swing/long play as valuation is 15-21 for rest of year.
  12. MILL - I Like this to swing short.
  13. RTK - friend of mine took a bunch long at 1.14
  14. AMSC - big insider buys getting pummeled.
  15. SIMO - looking for 10 pop.