Stocks On Watch For Friday November 4, 2011

Rumored as a possible buyout by Koreas LG Electronics shares of Suntech Power
Holdings ( NYSE:STP ) soared last week but then retraced fully when LG and
Suntech denied the rumor. Resting just above the 20 Moving Average of $2.44 this
is a potential short term buy for me between there and the 50 Moving average of
$3.16 on any renewed buyout hype. A break below that support level and Ill move
STP to my short list with a range of $2.44 to $1.97. According to the Wall
Street Journal STP is set to announce Q3 earnings on 11/16/11. Local.com (
NASDAQ:LOCM ) is one of my favorite stocks to trade with thousands in verified
profits in the last 6 months. This video details some of those trades. Thursday
shares responded nicely to Wednesdays after hours earnings. With the daily deals
space heating up and Groupons IPO coming up today, Ill watch LOCM for a small
pullback and then trade between $3.00 and $4.00 in the short term. A123 Systems
Inc. ( NASDAQ:AONE ) decreased guidance Friday. With futures pointing down this
morning there is a good chance AONE continues down and possibly tests support at
$2.77. Needless to say AONE is on my short watch this morning from Thursdays
close at $3.53 to $2.77 with the recent low signaling a larger sell off. AONE is
to report Q3 earnings on 11/9/11 according to the Wall Street Journal. Glu
Mobile ( NASDAQ:GLUU ) did not impress Wall Street with their numbers Thursday
in the after hours session. And while Im ultimately bullish long term on Glu,
the stock is near overbought so it would have needed to really impress to
sustain the recent buying it has seen. Support is seen at the 20 and 50 Moving
Averages of $2.95 and $2.93 allowing for a nice trading range to the downside.