Wednesday, January 26, 2005

watchlist for january 25

USD has risen right to resistance--I'm looking for another leg down soon

LONGS

NFI at 44.5 is right at a fib retracement--I may add some here

CNR at 1.32 is pausing after a breakout--may also add here.

PCL at 35--this is timber, one of my long term holdings--I consider this a buyable dip

ATVI at 21.5--may be a buy with a stop at 21

CEDC at 31.1 --looks like a buyable dip with a stop at 30 or so

DESC looks good above 3 with a stop about 2.75

GLOW, similarly at 2.25 with a stop about 2

SHORTS

RIMM looks like its rolling over--short at 70 with a stop at 72

ALGN at 8.85 broke down to a new low

As always, do your own DD, make your decisions, and the disclaimer

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