8.28.2011

Aug 29 - Mon "A Trade Above"


PMI - looking to get short on strong pops, as this stock looks to be headed lower, key break below support before these last few big runs. I think after this gap fill the stock will look to turn back down.

BECN - stock ran because Irene was going to do tons of roofing damage, should be a short monday.

P - I'm looking long on this stock 14 should bring 15 fast. Great e/r report and nice set up. Might pull early, play bounce scalp, then possible gear and r/g test and go.Typically, not a set up I'd continue with, but I see value in this company and I like the 14x14.5 push over 15. Remember stock has sold off since ipo began.

OVTI - stock needs another big solid move down so we can get some volatility in the move back upwards and make some decent money, I want a washout or a few point drop so we go long and it gets back up to 20 test (swing).

KKD - great range trader lately, I am short biased on the next big move for this stock just let it run its course and look for the signs of a decent short as me on twitter if you want @stockhollywood because this should be a multi day short hold, eventually.

CIGX - big news basher on this one, it will get manipulated back up the other way, bet your sweet ass it will, I'll call this one out when I think its ready to go just like on friday in chat.

MONDAY, Aug. 29
Extended-Hours Earnings: CWST, CISG, DCI, GEDU, LDK, WINN.
Economic Data: 8:30 a.m. Personal Income/Spending: PCE Prices; 10 a.m. Pending Home Sales.
TUESDAY, Aug. 30
Extended-Hours Earnings: FLWS, BKS, CCUR, DG, DSW, NED, PVH, SWS, FMD.
Economic Data: 9 a.m. Case-Shiller 20-city index; 10 a.m. Consumer Confidence.
WEDNESDAY, Aug. 31
Extended-Hours Earnings: AMSWA, CWTR, DLA, DVOX, GCO, GEF, JOYG, LTXC, OXM, QBAK, REX, SAI, SNDA, SHFL, COO, ZLC, ZUMZ.
Economic Data: 7 a.m. MBA Mortgage Index; 7:30 a.m. Challenger Job Cuts; 8:15 a.m. ADP Employment Change; 9:45 am. Chicago PMI; 10 a.m. Factory Orders; 10:30 a.m. Crude Inventories.
THURSDAY, Sept. 1
Extended-Hours Earnings: CASC, CHRS, CIEN, ESL, FNSR, FLOW, HRB, MOV, ZQK, UTIW.
Economic Data: 8:30 a.m. Initial Claims; 10 a.m. ISM Index; Construction Spending; 3 p.m. Auto/Truck Sales.
FRIDAY, Sept. 2
Extended-Hours Earnings: CPB.
Economic Data: 8:30 a.m. Unemployment Rate/Payrolls Data.