AMSC, MCET, LNKD, LEXG, REE, RIMM, NOK, LOGL, SLV
American Superconductor (AMSC:NASDAQ) This green energy play announced today that they will miss their revenue estimate and their delay earnings announcement. This is usually not good news, but AMSC may be so beaten up that it doesn’t matter. However, considering AMSC’s massive short interest, the sidelines might be best on this one.
Multicell Techs (MCET:OB) This hot penny stock more than tripled today on big volume. Add MCET to your list of stocks just in case of follow through.
LinkedIn (LNKD:NASDAQ) There is plenty of talk about the option pricing of LNKD and the availability of borrowing for a short sales. Shares of LNKD were beaten up today, but could be a swing trade bounce candidate for experienced traders at some point.
Lithium Exploration Group (LEXG:OB) The volume has been drying up in LEXG in the last couple of weeks, but that doesn’t necessarily mean the selling is done. Regardless of your bias, add LEXG to your penny stock list.
Rare Element Resources (REE:AMEX) Rare earth stocks did OK today and seem to be coming back in favor. REE is a small cap and is more than 5 point off it’s 52 week high. This is just another name that could rip if the group sentiment remains favorable.
Dell Computer (DELL:NASDAQ) This once hot stock has become almost a value trap for some traders. However, DELL is currently the top trending stock on Yahoo Market Pulse at the time of this entry.
Research in Motion (RIMM:NASDAQ) It’s become pretty hard to say anything positive about RIMM lately. It just seems like committed longs are pinning their hopes on a takeover. The technicals look weak at best.
Nokia (NOK:NYSE) We had NOK on the mornings stock to watch list and noted it’s weakness. Shares of NOK didn’t close on the lows of the day but they were in the neighborhood. There are investors that love to buy these single digit share price, NYSE names that are fallen angels. I am just not one of them.
Legend Oil and Gas (LOGL:OB) We highlighted LOGL a little while back and the shares have been forming a decent base and are near year highs. Keep an eye on this one just in case of a breakout.
IShares Silver Trust (SLV:NYSE) Just when people thought the run was over this Silver ETF has quietly worked itself higher. Are all of the weak hands out the trade ? Only time will tell.
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