Market finds a bid

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Market finds a bid

December 14, 2006

Pradeep Bonde

There is a little excitement in air as many stocks are finding bid. Santa may be on the move. Let us see if the strength lasts till end of day.Many heavily shorted stocks are being pushed up. The market traps are always well planned, so you have to be very careful at such junctures.

Long idea bin
Possible long ideas.

ALXA,Alexza Pharmaceuticals Inc
AVNX,Avanex Corporation
BFLY,Bluefly Inc
CIEN,Ciena Corporation
DCTH,Delcath Systems Inc
GNBT,Generex Biotechnology
IMAX,Imax Corp
IO,Input/Output Inc
LNET,Lodgenet Entertainment
OPTM,Optium Corp
PNTR,Pointer Telocation Ltd Ord
RES,RPC Inc
STEC,Simple Technology Inc
WOR,Worthington Industries

Short Idea bin
Possible short ideas.
GMXR,Gmx Resources Inc
SIM,Grupo Simec S.A.B De C.V
SIRF,Sirf Tech Holdgs Inc

Research before you act. Better thing is to do research before market opens, so you can quickly seize the opportunities. Market surprises are mostly for the unprepared crowd.

12 comments:

Unknown said...: I have always found stocks very difficult to trade after the big, initial gap down - its almost like you have to let them settle down sufficiently - and that could take days to months...

thats the thing i like about charting - its hard to predict earnings and news catalysts that move stocks big, but price and volume patterns can give you some clue of what has happened, and that may clue you in to what is going to happen - but you never know; Dec 14, 2006, 11:44:00 AM
Pradeep Bonde said...: Different things work for different people.

Understanding what moves stock 100 to 500% in short time gives you an edge over those blindly doing volume and chart patterns.

My philosophy is when you go in to battle you should use the most effective and most lethal weapons.; Dec 14, 2006, 11:51:00 AM
Unknown said...: Yes, I am long on CIEN this morning.; Dec 14, 2006, 11:57:00 AM
Unknown said...: Pradeep, Remember when i pointed out CIEN to you last week?; Dec 14, 2006, 12:09:00 PM
Unknown said...: charting delivered CIEN; Dec 14, 2006, 12:09:00 PM
Pradeep Bonde said...: I think it is good for those already long before the gap up, it is unlikely to have much upside potential. Today it is bouncing on earning news.; Dec 14, 2006, 12:12:00 PM
Unknown said...: OXY is a break out of sorts, but volume has been waning over last 4 months or so; Dec 14, 2006, 12:12:00 PM
Unknown said...: if anyone interested, i am part of yahoo chat room of nice people, 5 - 10 people on any given day, mostly discussing long ideas, just no pennies really; Dec 14, 2006, 12:14:00 PM
Unknown said...: CIEN had a high probability continuation pattern even though it was near gap resistance. Like I said before, there is a fine line between marrying your idea and taking due heat...; Dec 14, 2006, 3:05:00 PM
Unknown said...: Walter, which chat?; Dec 14, 2006, 3:05:00 PM
Unknown said...: Another similar stock I was long today was STST (similar setup).; Dec 14, 2006, 3:07:00 PM
Unknown said...: f - its nothing like sw1 or any official yahoo stock room, its one we make on a daily basis...

if interested, my yahoo screen name is tokyodiablo; Dec 14, 2006, 3:19:00 PM

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