AIS ASTI COOL FCEL IFON JSDA MCZ MOVE NEI

NEI add consideration $1.05 under for LONG overdue bounce to the 20 day EMA as 1st target $1.18. NEI is down 50% in the last month, announced a $2m share buy back last nite and with stocks bouncing left and right it is a STRONG bounce candidate. Stops 95c.

FON buy consideration 75-78c on ORS run. IFON is cash rich ($13m in cash with only a $10m market cap). Bottom of chart here with 70c stops. A break over 80c should set it free. With peer ORS up 400% in the last few days ANY volume should set IFON free. They also manufature cell phones

ATRN SMALL buy consideration $2.80 on Pandora IPO coming on Tuesday. Pandora the music service raised its IPO price to $10-12 for a $1.9b market cap. ATRN owns KAZAA, another subscription music site. The stock ran to $7 on hype from this same music service in March. This very low float stock is RISKY so consider this before playing. A break of $3.10...

AIS Rule of $2 add consideration $2 with $2.10 and $2.20 targets. Partial entry $1.95 with remainder to be added on $2 break. Stops $1.83 on $1.95 entry or $1.88 on $2 entry. Play like SIRI and LVLT

NEI looks ready for a dead cat bounce back to the $1.30′s. Beaten down stocks are starting to have huge runs, FTWR, BCON etc. NEI time to give us some gains back! Added some $1.15.

LVLT buy consideration on $2 break as rule of 2 play with $2.20 1st target. Stops on entry on $2 break $1.92

NEI getting hammered again on news its largest customer is dual sourcing that will cause rev’s to drop 10% and profits to drop. Not much one can say other than we ignored the charts and again are paying for being an investor and not what we really are TRADERS. Is the drop overdone, YES. Can it fall more, YES. Look to exit on bounces over $1.30....

Went to 90% cash and handsitting. Holding AGEN, NEI, MCZ, RNN for now and 90% cash. Our recent bio gambles have bit us in the ass and when that happens time to sit back, re-evaluate and flush out the losers. A bump in the trading road that happens every so often that is to be LEARNED from not cried over. The best lessons in trading come from losses...

AGEN ASCO abstracts play 94c with $1.20 target. On Wednesday 6pm PST the ASCO abstracts get released. AGEN always has a run into the releases. Strong chart support at 88c with breakout at $1. This is an event play that should get some action given the biotech mania we are seeing.