Watchlist 1/3/2012 – $ANAD, $MCP, $MEET, $YONG, $UVXY

Well kind of bummed about this watch list. I had assumed after the huge day yesterday I would have all kinds of potential shorts show up on screens. But in the end nothing that great.

Full list from Yahoo Finance

ANAD

Not crazy about this pick, but the chart looks like it could crack back quickly at some point.

ANAD

MCP

Probably too late on this for the short, but I kept it on watch mainly out of spite after missing it yesterday.

MCP

MEET

This is really an attempt at fishing, I’ve made money on this stock in the past, but I don’t think its up enough to make it a solid short. Could be scalped but thats probably it.

MEET

YONG

Another stock like MEET, I’ve made money on this in the past, would like the chart to be more vertical before shorting, but meh, I think money could be made on this.

YONG

UVXY

Lots of blabber on this on twitter and chat rooms etc. I am not fond of trading ETF’s, especially when I have no idea what they are even set to track… But if there is price movement and volatility there is money to be made. I’ll only trade this as a last resort.

UVXY

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