Thursday, April 9, 2009

Market Outlook

It's the last trading day of the week, will we ramp higher or tank? Futures are strong because same-store sales were great, for the month of March. Jobless claims are at 8:30a, so things could change. A retailer that I am looking at is DKS (Dick's Sporting Goods). It's at $15.85 now, so I might buy some this morning. It has a very high short interest (around 19%), so it might be worth a look for a quick trade. GHM is another cheap name.

As for my shorter term trades, I still have: CIEN, CROX, JASO, LDK, PKD, AMKR and TSM.

I hoping we can get another big day and I will clear some and keep some.

As for another possible $1 stock runner, I MAY have found one:

OCNF - it closed at $1.21, we shall see how it goes (best for a day trade or so).

IO looks interesting as well.


I'm gone, be back later.

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