Well the DOW lives to fight another day. After heading to bed right on open last night, I thought I would wake up to see the DOW hammered.. well to my surpise it finished down a mild 8pts...
Today I will be watching the following stocks ALS, BGD, PRR, RBY, DYL, MLI, PBG, OMH, MMG and NDO
I posted a few charts yesterday of stocks which I believe have further gains to be made.. these included DYL (needs to break 31c), OMH (needs to break $1.30), MMG (needs to break $1.20 and ALS (clear breakout)
Here are a few charts. First Alesco Corporation (ALS) which I bought on close yesterday as I think its run has only just started from this breakout. It closed @ $3.36, and I will be looking to get more this morning if it doesnt gap up to hard..
Second, is Boulder Steel (BGD). We saw a sell down to 4.1c yesterday, before it closed for the third day in a row with a long lower wick @ 4.7c.. The stacks right now are not that favourable, but I suspect buyers will come in like that did the last few days if it is sold down. I bought some more yesterday @ 4.1/4.2c
Finally, Nido Petroleum (NDO). The chart IMHO says it all. It hit a high of 13c yesterday on very solid volume before closing at 12c. The VWAP I suspect would have been around the 12.5c+ mark, as it only closed @ 12c becuase of the weakness across the market in the afternoon trading session.
Here is the chart.. I think we will see 14c+ very soon. A break above 13c would be significant. I took a decent stake in it yesterday, as I suspect their quarterly will be mightily attractive.
