Tuesday, June 28, 2011

Trade Ideas Tuesday June 28, 2011

Trying to start posting again as I have been busy with the day job...  Here are some possible movers from my scans for Tuesday:

SQNM - Sitting  on some support and could get a bounce as the Bios have been strong recently.  Would need to break above the 50 and 20 again to gather more strength.


KKD - broke out of resistance on recent strength and still holding strong.  Break of yesterday's highs could take this fucker higher.  Volume showing good accumulation recently.


AIG - Possible bottom play although it could just be a bear flag.  Cracked above the 20ma and has a few higher lows.  RSI might be about to cross into positive territory after almost 6 months.  On watch of any signs of life in this turd.


TNAV - Nice accumulation recently and still a strong mover. Has a good .70 in it to its recent highs and could break out above 18.  Worth keeping an eye one.


RENN - China social ding-a-ling networking stock that has taken an anal pounding with a side of shrimp fried rice might be ready for a bounce.  Had a crazy strong 12% day on Monday and closed at the highs on higher than avg volume, not to mention the 25% short float.  Definitely worth keeping on the watch for any bounce towards 8 beans.  This could squeeze hard!


Remember... If the turds don't move... Flush'em!


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