Saturday, June 30, 2007

Chart: JOYG

JOYG is on my primary watchlist. If you are all willing to take on a bit more risk, the stock can be bought now with a stop under the 50 day moving average. Those who are more patient and willing to miss out on the stock if it makes a move to the upside, a further pullback into the $55-56 range would provide an ideal entry.

I might take a small position now and buy more if it pulls back further. Diminishing volume will be the key for buying a deeper pullback.

1 comment:

Anonymous said...

Looks like NVEC might meet your short squeeze criteria. Up 10.5% to new highs on above average (though not great) volume. 37% short.

-Big Bill