Diary of A Day Trader© May 9, 2011 "Making Some Dinero WIth $DUNR and Getting Ready to Turn Up The $HEAT"
Seeking Alpha Analyst Since 2011
Sweet trading conditions prevailed today. My tip from yesterday and this a.m., DUNR, upticked over the dollar level prior to the open and didn't look back, closing at its high-of-the-day level of $1.09. I like this one for more during the week ahead--especially if crude oil continues to rally.
$HEAT, a beaten down Chinese issue, is set to report earnings before the open, and I have a bet out that says these shares will pop. Companies like SCEI and ZSTN are beginning to fight back against the shorties, and a nice trend may be forming for some profitable short-chasing in this sector. HEAT also has a history of running quickly.
I'd also look for weak opens from UBRG and FBCD as potential buying opportunities. If they don't bounce, then forget about 'em.
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