Currently the futures are down a bit, and I do expect some overall weakness tomorrow in light of the jobs number on Friday.
Looking at the overbought readings inside The PPT, one can’t help but to look for short setups. However, stocks can still move higher here, so I will highlight a few that I think can move higher. And, for just looking for the short setups, I have a few listed inside The PPT.
Here is Allen’s pick from the March Madness tournament. He did not make it to round 2, but I think his pick in GenVec, Inc. [[GNVC]] is ready to explode higher.
I like the idea of buying above long time support @ 2.44, while simultaneous placing a stop right below that level.
Next on the watchlist is [[OCNW]] , Hpuma, a gentleman inside The PPT, has been all over this name and I will be watching to see if it Can breakout of of this bull flag formation.
Keep an eye on Parker Drilling Company [[PKD]] , I’m a buyer on strength:
Venoco, Inc. [[VQ]] is another name to watch on strength:
And, as always, don’t forget to watch your Research In Motion Limited (USA) [[RIMM]] :
No title for the post 🙂
Never mind, its there now.
FIX MY DAMN PICK – IT is TSTC not TSTR!!!!
This is the SECOND time I requested this!!!!! HELLLLOOOO!!!!
please correct this March mad pick – IT is TSTC not TSTR!!!!
Hi there – guess what – you made a typo when you put me in TSTR which I never heard of instead of TSTC
I know I am being a pain the ass but I want to make sure you SEE ME!!!
TSTC not TSTR..okay thanks!!!
When would you get out of gnvc it is on fire.
Interesting how when you and Fly are out of the tournament, finding a link to the brackets is near impossible.
Freddy, look to the right sidebar under links, I put a permanent link.
Mrsbutton, I see you and it was corrected. You are in the 2nd round, sorry i did not see your post the last few times, it has been hectic around here lately.
Thanks, sorry for the attitude, my fault.
RC – figure you probably cut your losses on LIWA?
VQ, GNVC on fire, from post.
Still in LIWA
Christ!
What’s with all the negativity/excitement over the March Madness tourney?
Is there a CNBC-like grand prize of $1M or a lifetime subscription to the PPT that is responsible for the riotous crowd behavior?
Guess I should have taken my pick more seriously ……..
Ha, was thinking the same thing.
I see that my 2nd round opponent (CNXT 4.39) has announced a secondary offering at $4. Don’t want to look ahead, but can’t help but like my chances of making it to the Sweet 16. Currently have a ~17% lead going into the last day of the week.