Watchist 12/08/11 review

Kog dipped under 8.68 to close near 8.50 but gapped up and ran the next day. Going short under 6.68 would have broken even holding overnight. Still in play for a long position.

LSCC went from 6.70 to 6.34 overnight. That is a gain of 5% on the short side!!!

MBI was another near break even or small loss. Moved down nicely under 11, but then gapped up overnight. Still a possible long over 11.40, but fear a false breakout in this choppy market and would rather go short unless market is really strong.

MWE no play, but still a possible short under lod.

MITI nice move above 6.80 to close overnight above 7 for a gain of over 3%!!!!