Working on thoughts...
1. I am looking for a rebound on Monday Morning, which might not last though.
2. I view the short term trend as down.
3. I would not bank on the above so I would not hold over Monday night.
4. Read my "Rules of the Road" if you haven't already. http://at-stk.blogspot.com/2009/10/morning-stock-watch-list.html
Stock pick of week (ha ha)...
NVTL for a rebound (interesting article in Barron on it). What I would like to see is a further down at the open, then up, then a higher low. Or if it gaps up, a consolidation and then a break above the daily VWAP.
Possible plays for further down:
WTR, ARNA, CAB, NRG, STX, SAH, JOE, TCB, UBS, USG (note #1 above as a caution, since if we do rebound, further shorting on these, looking for a follow through would be more risky...at best might be very short lived.
Possible better short: WYNN (maybe other casinos), GS
Best of the Bullish (gee there actually are some!):
DEO, MXB, SYMC
Others:
BARE, EL, K
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