Wednesday, April 6, 2011

Daily Bouncer Watch List for 4/7/2011

Here is a list of possible bouncers/bottom plays for Thursday. Some do not have the usual bounce play setup, but I think they are good potential plays nonetheless. The stocks that do not have the usual bounce setup, and for the small cap lower priced stocks in general, I find they are safer to play if they open the day in the previous day's range, and move beyond the buy or short signal during regular market trading hours.

ONE - Bounce play above $14.50, continuation play below $13.86.
LLEN - Bounce play above $6.24, continuation play below $5.85.
LPH - Bounce play above $1.60, continuation play below $1.51.
LOGI - Bounce play above $15.01, continuation play below $14.84.
CNIT - Bounce play above $2.70.
CBEH - Bounce play above $2.44.
SBAY - Needs more volume, but bounce play above $2.32

Continuing to watch MAJC and RST as well.

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