Sunday, February 25, 2007

Stock List for the week of 2/26/2007 to 3/2/2007

STOCKS TO WATCH ON THE LONG SIDE:
1. TWGP- Tower Group anncounces earnings on 2/27/2007 before market opens. Formed a nice double bottom with handle base.
2. LHCG- Forming the right side of the cup base, reports earnings on 2/28/2007 after market closes. Look for gap up.
3. MR- Mindray- reports earnings 3/12/2007, breaking out of shallow saucer type base. Also on IBD top 10.
4. MGM- looks to be possibly forming a high tight base.
5. Google- needs to get above the 50 DMA, it's trying very hard.
6. CROX- needs to kiss the 50 DMA but this correction is good for the stock.

STOCKS TO WATCH ON THE SHORT SIDE:
1. BIDU- look for the gap to be filled at $111.80, could possibly test $115. Establish short at $115.
2. GOOG- if it fails to get above 50 DMA this week, establish short.
3. MU- I don't buy the "new" life in semiconductors.

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