Thursday, May 24, 2007
AM watch list
BIDU is gapping up about 2pts after the china scare yesterday from greenspan. I might try a short if it gets 133 - 133.50 area. AMGN gapped up and held all day yesterday even into the market sell into the close - might be long. SGMS tried to breakout and faded way back with the market - alot of times these types will go again so that is on my watchlist higher. XRAY daily looks ready for big move up but has met with sellers past few days on moves higher. ICE is probably add long if it dips to 146 area - it ran from about 139-152 in 3 days on a breakout from a nice base area. 146 is about 60% retrace of the rally and will be the 2nd day down - should be ok as long as the market is not in major sell mode. KKD daily looks higher still, and I have BBI on the radar as well to try to begin moving up to 4.65-4.80 target.
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