Thursday, February 15, 2007

Daily Calls -- Friday Feb. 16. 2007

Bulls enjoyed another up day on relatively light volumes. Tomorrow is option-expiration day, unless bears can put on some serious pressures (maybe using MSFT's news?), it could be another grinding-up day.

1. AEOS: S1 on top if it spikes towards 32.8 with a stop just above 33.

2. BIDU: L2 on bottom, entry zone 102-104.5, stop just below 101.7, IT=110.

3. DVN: L2 on bottom if it spikes towards 65.2/66 use a tight stop

4. FMCN: L2 on bottom if it spikes towards EMA50=75.7 use a tight stop, IT=80.

5. MDRX: SW-S1 on rebound, entry zone=28-28.5, stop just above 29, IT=26. EMA50=28.3,

6. NUE: S2 on top if it spikes towards 66, stop just above 66.1, IT=64.3

7. QCOM: L2 on pullback if it spikes towards 40.7, stop just below 40.2.

8. X: L2 on pullback if it spikes towards 88/89 use tight stops.

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