Thursday, April 12, 2007

The Scoop for Friday the 13th.

The market made a strong gain today and FSLR and TSL approached my target prices before selling off just a bit. Unfortunately BRLC took a hit for the simple fact guidance will remain in line. NUVO nearly filled the gap down and DNDN made a small run today before fizzling but they both held support nicely in this range. It looks like focus has shifted to "other" potential biotech stocks, but you can't deny the volume DNDN continues to receive. I'm thinking both will make a come back next week and gain more steam. I think the overall market will rise in the morning and sell off throughout the day heading into the weekend. MEDI looks like a good play for tomorrow. I expect it to perform similarly to the market and push for $46.25 in early trading and sell off a bit towards the close. SOLF has sold off its recent highs lately and looks really attractive for a swing trade at the $12.80 range. It held support nicely bouncing off its 20 day moving average of $12.70. Look for SOLF to regain momentum in the coming days and test $13.60 again. Good luck to all.

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