Today’s selloff before the Feds was a conservative move by investors. Expect huge market volatility. If positive, expect flood of buyers and massive short covering. If negative, expect more unloading.
Stocks on my radar tomorrow:
- Hexcel (HXL) – lowered guidance, negative comments on aerospace industry. Looking for a shorting entry point at beginning of day.
- Overstock (OSTK) – stock still suffering from short selling scandal. Tomorrow is big news as case for naked short selling goes to Senate hearings. Unfortunately, Brian McIntyre is becoming more of a trader than a manager.
- Xiao Xing Universal Telecom (XING) – reports today afterhours in China (around 7 pm ET). The stock has already run up on bullish reports before conference call. Looking for extended rally if numbers come out even bigger.
- Bodisen Biotech– stock is in full momentum past few days off news from a new contract. Most sell orders occur around $15. Looking to go long until big sell orders fill, then switch to short.
