Glad I recognized no good opportunities or “niche setups” on Friday. No trades and that was a good thing. Basically all my pre market plans did the opposite of what I thought. Of course I often avoid trading on Fridays.
Nothing great on scan this morning,
Today’s List: Full list from Yahoo Finance
Weight Watchers International, Inc. (WTW) -NYSE
Powerful Oprah continues to keep this up. While I think it can end up being a solid short, its a tricky one. I’ll probably avoid.
Target: Watching for crazy spikes.
China Housing and Land Development, Inc. (CHLN) -NasdaqCM
Like the chart but volume is really going away.
Target: High $4’s
Energy Recovery, Inc. (ERII) -NasdaqGS
I’m still long bias on this, but at this point I think I’m giving it to much attention. Will look to buy if it can really break out. But so far every push has been a fakeout.
Target: Buy above $7.70’s-$7.90’s
Vital Therapies, Inc. (VTL) -NasdaqGS
This might be the only stock I miss trading on Friday, but even if I had shorted the morning rush, it hung around all day, and then I’d be forced with the decision to hold it overnight. Glad I didnt have to make that call.
Target: Pops over $7.00