Info from our BriefingTrader contacts FundTrader, ScalpTrader and
ShortCrusher
FundTrader highlights recent IPO American Railcar (ARII) as an
under-the-radar trade on strength in the Rail group. Intraday, the
stock rallied another 2+ points to post-IPO highs.
FundTrader alerted readers to a breakout in STP in the $29.00
area, and kept readers on top of the name all the way through the
$45.00 level it hit over the course of two weeks.
FundTrader put Peru Copper on the radar at $1.66 as a cheap way
to play copper and that stock was set-up well on a technical basis.
CUP shares soon ran to the $3.50 area, or more than 110%.
FundTrader comments on low volume steel name CHAP, says steel
strength via NX could cause the momentum steel name to break to a
new 52-week high above $32.25 - stock never looked back, surged
almost 10 points over the next week.
ScalpTrader highlights a Long set-up in SINA after the stock
gapped down on an earnings warning. Stock quickly moved higher
intraday, where ScalpTrader advised readers to scale out of
positions first at + 0.08, the second lot at +1.20 points and the
remaining position at 1.73 points.
ShortCrusher calls GSX as the "no'easter weekend emasulation of
shorts special"...says GSX should benefit from the natural gas drawdown
over the weekend. GSX shares rallied another 4.5% intraday and as
much as 14.5% over the next week.