New longs:Â AFAM 36.12
Last time this stock traded above 36 was on 2/22. Looking for some volume to accumulate. I still believe the demand for home healthcare is very high. Industry is strong, hope I’m not wrong.
K, going surfing or fishing, or whatever. I just need to get out of the office!
Wow what a stock. I can’t help but noticed how overbought this company is, but then again, it’s been ripping apart the shorts for over a year now. This stock is a good example of how overbought indicators do not always work. Would I buy here? H-no. This one is easy to play:
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1)Â long now
2)Â OTM-PUTS [...]
New shorts:Â ACH 26.37Â
Strategy is simple here, 1/4 now, 3/4 <26. This is more of like getting your feet wet kind of shorts. Haven’t done it in a while in this sector. Other signs to short stocks is that the Lakers lost 3 games in a row. That seems to put me in the mood [...]
Just watching to see which sectors are not moving during today’s end of the week rally. I’ve been carefully watching the coffee stocks, and I believe they are showing lack of buyer interest.  That means money should be moving somewhere else. I expect a gentle pullback in the industry, but one worth a conservative short [...]
Chesapeake Energy Corporation (CHK: 25.64 -0.58%)  - flagging. More bullish though, but paying attention to bottom of flag.
Petrohawk Energy Corporation (HK: 22.19 +2.21%)  - monster short candidate if oil < 74.xx   … very bearish overall chart.  Strong short candidate under 21. Volume thinning on weak triple bottom.
Hercules Offshore, Inc. (HERO: 4.70 0.00%) Â [...]
This unique medical stock has strong fundamentals, and a very nice jump in QOQ earnings. That’s usually something quite rare in this industry.  The PPT puts (HITK: 25.75 -3.38%) at an appealing hybrid score of 4.18 as of Tuesday’s close. Meanwhile I think it’s 3-month chart is interesting.
 After a pullback from year [...]
