Sirius XM Radio ( NASDAQ:SIRI ) recently improved guidance. Earnings are
scheduled for November 3rd, same as Glu Mobile ( NASDAQ:GLUU ), a swing trade of
ours right now. I think we see a very nice move on SIRI prior to those earnings
so Im watching close for the best possible entry after this recent bull move.
AOL Inc. ( NYSE:AOL ) was the center of buyout hype recently, but that faded
when Yahoo Inc. stole the platform from them. I wouldnt be surprised to hear
AOLs name started getting tossed around again by the major media outlets which
could spark another run. Right now I like it from $14 to $16 for $1 to $2 per
share if it holds this new level above $14. Weve scored some solid gains on
Yahoo Inc. ( NASDAQ:YHOO ) recently and Im watching close to make a trade again
now that its breaking above $16. Buyout hype continues to surround this company
but I dont base my trades on that. Goal is to get in at a support point, trade
it properly and if you get lucky during that time with a buyout, great. If not,
then we try to score a $1,000 to $2,000 profit no different than last time.
Click here to read how we traded YHOO recently from the $13.50 range on buyout
hype . Majesco Entertainment Co. ( NASDAQ:COOL ) broke out at $2.70 which is
where Id like to buy if we see a pullback. Zumba 2 is scheduled for release in
mid-November and shares are overbought now so Im watching to see if it pulls
back off $3.60. If it trades sideways while consolidating, theres a good chance
it doesnt go lower than $3 on any pullback. Time will tell, but Id like to be in
COOL again before the release of Zumba 2, just not right here. I really like the
1 year chart on COOL, I think its setting up for a 52-week high break above
$4.53. Weve traded COOL successfully more times than I can count, but I have a
feeling the next round could be the big one based on future catalysts. Whatever
happened to Eastman Kodak ( NYSE:EK ) selling their patents, was that a pump or
what? To think I had about 30,000 shares short recently above $3 lol. Anyway,
shortly after the patent rumors news leaked that they hired bankruptcy and
restructuring attorneys and the dump was on. Im watching the news close and if
we hear any more talk of selling those patents for a high price, Ill swing the
momentum.
No comments:
Post a Comment