Hello everyone....day 2 of the trading blog....listed below is what I'll be watching Monday and why:
Blog update: NFLX possible deal with Dreamworks and will announce on Monday....this is huge....
CRR: Has taken some hits along with the market over the last week. Down -$21.61 on Thurs and -$7.68 on Friday. This stock has many $1.00 swings throughout the day. Long or short. Have not played this stock before, but I like the swings. Will watch and take a position if possible.
S: Profits66 alerted this on twitter. News of Dish partnering with a wireless company. Jumped .17 cents or 5.65% on the news. On watch for a run up.
SLV: MNYCx is watching the metals for an option play. I do not trade options yet. I do plan on playing SLV or ZSL (short) because of the volume and market action.
ARUN: This stock has great volume and big swings. Up +$2.40 on Friday. Had momo and continued uptrending all day. Will watch for a position.
TNA/TZA: These are always on my watchlist for market swings.
"Blog Update!" EK - forgot to add this one earlier. Took a -.39 cent or -16.39% dive a/h on Friday. Kodak drew $160M from their revolving credit line....looking for more downside here.
That's all I have. One of the biggest mistakes a trader can make is watching too many stocks. You lose your focus and can lose money by bouncing back and forth all over the place. Pick a couple to watch and that's it. I would suggest just watching 1 stock, but we all know that will never happen.
So, make your game plan, stick to it and hopefully we will bring home our Monday goals!