So I wasn’t born yet when this song come out, but it’s definitely iPod worthy and I just love to dance tipsy to this tune. Anyway, I’m trying to log in StockTwits Desktop (if you don’t know, get to know), but I guess all10 million people from StockTwits are trying to get an account today now that it’s open to the public. This of course, is probably why the server is down. When I get back in I’ll post up my “First Look Review on StockTwits Desktop”… I actually posted it last night but had to take it down because it wasn’t officially released yet (that explains the post with the password protection).
Okay, back to stocks…
– I still think fading stocks is the right move, even if we are down big already, I think we will head down a bit further (count the “legs”). What we have is a failed consolidation period on most of the major indexes. Those are easy to read: it just means that uncertainty has chosen a side.
– High priority short list:
Netflix, Inc. [[NFLX]]
Yingli Green Energy Hold. Co. Ltd. (ADR) [[YGE]] (if you can get it)
China Southern Airlines Limited (ADR) [[ZNH]] (if you can get it. There were some available at 17 a few weeks ago)
[[CBOU]] (too late today, but wait for relief rally. Heading under 7 soon)
– Stocks showing strength:
- [[CYOU]]
- Air Methods Corporation [[AIRM]]
- ArcSight Inc. [[ARST]] (cleared 20 spot today. Watch for follow-through in the next few days.)
– Other:
- Fuqi International, Inc. [[FUQI]] having a healthy pullback. I wouldn’t buy today’s dip. Set up 2 buy points about 50 cents apart.
- [[CTIC]] – I warned last night on twitter/StockTwits that CTIC is in danger because they could be granted “Standard Track” instead of “Fast Track”. If you haven’t already done so, it’s time to cut your positions significantly, maybe 1/2 it like I did.
I’ll post the StockTwitsDesktop review once I’m able to login the server. If you can’t wait, just go to the previous post called “Test” and enter “thehawaiitrader” as the password.
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Cool, Its like i want it! 🙂
want what?
changed my mind. FUQI is very near a buy point.
Why is FUQI near a buy point? Are you basing it on a longer term trendline pullback?
actually, i was using short term indicators. we went from healthy pullback to oversold pullback. generally these offer good entry points on super bullish stocks. I’m not afraid to buy these bulls until the 20 MA points down. hope that helps.
-gio-