RamtaJogi— Hacking Life for Money and Fame.

I am not going to be able to run any scans so I browsed through various blogs to find some watches and I mostly like what IL has posted on his blog.

1. RF

As part of financials sell off, dropped more than 30% today. For last couple of days, RF was in a rebound mode since hitting it’s 52 week low of 2.35. If it shows solid support at 3.2, it could be a good entry point. 3.5 could be price level for closing half the position and remaining could be sold based on the price action.
Alternatively, if sell off continues tomorrow and it cracks the 3$ support, watch out below! When it cracked below 3$ on 2/2, it cracked up to 2.7$ and recovered.

RF - Watch for 11th Feb

RF has so far moved up  to 3.55 from closing price of 3.24. There is a strong chance that RF will move up tomorrow.

My position size: 2000 shares.

2. FITB

Another finance company, dropped 25% today. Good support at 2$. Intra day it likes to move between 2.2, 2.4, 2.6, 2.8. I would try to enter/exit near these price points.

FITB - Watch for 11th Feb

Position size: 3000 shares

3. DRYS.

Well, what can I say, it’s my favorite. 6$ is very SOLID support/resistance. After dropping from 6.5 to 5.10, it moved back up till 5.78. I think it will try to touch 6$ again and that will be the time to short! Position size: 1000 shares.

Hm.. I guess these many watches are enough for me. I want to study more charts but I need to sleep early so that I can watch pre-action tomorrow.

Good luck,

RJ