STOCKS IN PLAY – Friday

VMW, GOOG, NNAN, XLF, DYLT

 
VMWare (VMW:NYSE) VMW is one of those names that prop traders love because a 1.5% move can net you a nice payday if you are in for size. VMW has a cup and handle formation and a break of $95.55 could cause a test of the $100 “psyche level”.
 
Google (GOOG:NASDAQ) Google bought Zagat, but terms were not disclosed. It seems that GOOG is looking for content companies, so we will be keeping an eye out for some of those obscure, related names that potentially could bounce on GOOG takeover rumors. On another note, maybe this speeds up a Yelp IPO.
 
NaturalNano (NNAN:OB) We touched on NNAN a little while back because of potential action coming into the name due to a presentation at a cancer conference. There wasn’t even one fluffy PR after the summit, and this why we mentioned not to jump in, and to wait for further news. Consequently, shares of this sub penny stock look weak, and volume is declining.Take NNAN off of your penny stock list until further notice.
 
Financial Sector ETF (XLF:NYSE) My sense is that XLF needs to move higher soon or a potential re-test of the crucial $12 level could be in order. Remember to watch the action in Bank of America (BAC:NYSE) ,JP Morgan (JPM:NYSE) and Goldman Sachs (GS:NYSE) as keys for a read on how to play this bellweather ETF.
 
Dais Analytic (DLYT.OB) This penny stock name performed well today on a percentage basis, closing up over 26% on volume that was fairly consistent with the prior three sessions. One concern is the last two trades of the day. They sort of painted the tape. Keep that in mind if your are long DLYT.

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