Watchlist 05/09/2011 Review

BIOS (BioScrip Inc.) was a tough play. It pushed near it's 52 week high, but broke down. It has more downside and did dip past the entry point on Thursday for a small gain.

KLIC (Kulicke and Soffa Industries Inc.) dipped to 11.91 during the week after the entry of 12.50 for a %4+ gain!!! There is still more downside imo.

WINN (Winn-Dixie Stores, Inc.) popped big, but I never payed it since I was looking for a lower entry level. It never hit and I ignored the stock and didn't want to chase.

LSI (LSI Corporation) never really found strength. It gained a couple of percent and I believe this has more upside.

ARR (ARMOUR Residential REIT, Inc.) another weak player here. Moved above the entry point with no strength. Made a bounce mid week, but fizzled after that. This is probably headed lower from here.

IVN (Ivanhoe Mines Ltd. (USA)) moved big at the beginning of the week then gave up all it;s gains later in the week. I never played it due to the big gap up. It's trading below the 200sma and is most likely headed lower.

ACI (Arch Coal Inc) broke down below the 200sma and went out of play. This now has more downside.

MW (The Men's Wearhouse, Inc.) never showed any good reversal signals. Will keep on watch as this should pullback soon.

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