Big Board Stocks

[J-Tea]

Hope everyone had a good break! Here's an update on some things before I post Monday's list.

1. AMSC - I had puts on this and have now traded them out. They were July puts, and I always get a little uncomfortable trading puts that are in the month of expiration, regardless of whether they're in the money or not. Interestingly, though, the indicators suggest there may be more downside to come, and the stock broke a key support on Friday. May jump back in on August puts, but at a lower strike price depending on what happens Monday.

2. SOLF - I've also traded these puts out, since the stock PPS has already fallen past the resistance I had marked on my chart. The candle on Thursday also suggests that there may not be much more downside ahead.

3. CMED - I also traded these out last week, with a decent profit. Again... right at the support line. Discipline is key, especially when trading options.

SO HERE THEY ARE...

AMSC - as mentioned above, this thing broke a key support at 32.50, and also the 50 MA. indicators suggest some more downside may be in store.

DSTI - right on apex of symmetrical triangle, waiting on decision of the last solar or two before acting in a big way on these stocks. (ASTI has already fallen nicely)

ELN - potential reversal here, for just a few points. indicators are set up great for a reversal and suggest there is one in place. PSAR just triggered on Thursday.

FSIN - i have puts here and will watch for the break of the 50 MA. double top seems to be reversing now. alternatively, this may be forming a H and S top with the last high being the head and the neckline as drawn on the chart.

JST - H and S top right on the neckline now. may close gap to 26, indicators in good shape for some fall in PPS

SQNM - have puts here. stock has been pushed through the roof on some good news and heavy buying. has now reached an unreasonable price, despite the company's solid products, etc. the company has also diluted shares by about 15%, and the underwriters have another 800 k to sell by the 8th. this and the lawsuit (see yahoo! finance news) suggests to me there MUST be some pullback.
-flag and pennant suggests a target price of about 20 though, before a pullback, but Thursday already formed a doji.
-going to sit still on this one even if there is an upswing of a point or two, b/c this will move down fast when it does.

[Biff Nixon]

AMSC Weekly…..
AMSC - SharpCharts from StockCharts.com

She is headed straight Down….

Chart look like a screaming….. TEST of 28.89

Thought The 28.89.………..maybe another 3 Bucks next week…..

My thoughts Biff

[J-Tea]

i think so too. i'm out the 40 puts for now though, i didn't want to risk a bounce off the 50 MA. may get back in at a lower strike, but i think the rest of the way down will be a little slower than the first part that we've seen so far.

[Stock_Analyzer]

I like your list J-Tea, thanks for posting those biggies for us!!

Originally Posted by J-Tea

Hope everyone had a good break! Here's an update on some things before I post Monday's list.

1. AMSC - I had puts on this and have now traded them out. They were July puts, and I always get a little uncomfortable trading puts that are in the month of expiration, regardless of whether they're in the money or not. Interestingly, though, the indicators suggest there may be more downside to come, and the stock broke a key support on Friday. May jump back in on August puts, but at a lower strike price depending on what happens Monday.

2. SOLF - I've also traded these puts out, since the stock PPS has already fallen past the resistance I had marked on my chart. The candle on Thursday also suggests that there may not be much more downside ahead.

3. CMED - I also traded these out last week, with a decent profit. Again... right at the support line. Discipline is key, especially when trading options.

SO HERE THEY ARE...

AMSC - as mentioned above, this thing broke a key support at 32.50, and also the 50 MA. indicators suggest some more downside may be in store.

DSTI - right on apex of symmetrical triangle, waiting on decision of the last solar or two before acting in a big way on these stocks. (ASTI has already fallen nicely)

ELN - potential reversal here, for just a few points. indicators are set up great for a reversal and suggest there is one in place. PSAR just triggered on Thursday.

FSIN - i have puts here and will watch for the break of the 50 MA. double top seems to be reversing now. alternatively, this may be forming a H and S top with the last high being the head and the neckline as drawn on the chart.

JST - H and S top right on the neckline now. may close gap to 26, indicators in good shape for some fall in PPS

SQNM - have puts here. stock has been pushed through the roof on some good news and heavy buying. has now reached an unreasonable price, despite the company's solid products, etc. the company has also diluted shares by about 15%, and the underwriters have another 800 k to sell by the 8th. this and the lawsuit (see yahoo! finance news) suggests to me there MUST be some pullback.
-flag and pennant suggests a target price of about 20 though, before a pullback, but Thursday already formed a doji.
-going to sit still on this one even if there is an upswing of a point or two, b/c this will move down fast when it does.