CNR is ripe for a really good bounce

[TheChartGuru]

Lots of oversold stocks out there. I think CNR is ripe for a really good bounce(10%+) tommorrow or Friday. STTK is holding steady and BSLM may be up to something (lots of candles with long tails). BCGI is forming a base. CBAY looks like it is about to breakout. Sorry Mad girl, I know you sold it. Buy it if it dips in the low .20's again.

The Guru has spoken

[madcowdisease]

Guru, do you anticipate a larger than usual lull in your picks based on the fact this market is so crummy? It seems logical that the general sentiment is negative and buyers will be few and far between.

[Luc1Grunt]

TCG, I've had CNR on the watch for over a week. Amazing how this little guy can continue to burn into the bottom without a rebound. It has failed to remain positive each day. I believe you're right, it is due for a pop, but the head fake may swallow many if the market drives it further.

Don't know if you have tweaked your scans for bottom feeders, but I've moved all of mine to filter anything below about 2-4 million shares traded. Have not been able to do that for quite a while, but this market is pouring the stocks into the filters like the flooding in the northeast!! Luc

[Mad Girl Investor]

I too have been watching CNR..it was a nice chaneller until q1 hit and it broke support.

I will be back to CBAY..its my personal puppy...gonna make me some more money, I can just tell

[TheChartGuru]

I currently have a watch list of over 100 stocks between .30 and $5, so I narrowed my oversold list to those stocks that have volume over 500,000 and that the RSI(14) is below 19. Then the list narrows considerably. These are the stocks that the filter spit out. DOVP, GNTA, CNR, THLD, OSCI, WSTL, CRGN and I'll throw in MAG, although it has a volume of 325,000.

The Guru has spoken

[Luc1Grunt]

I've got MAG, CWPC, OSCI, BIPH, and SIRI (for fun)........such heavy volume and volatility, I may play it for a short momentum (intraday).

NFI and STP on the fatter cats.

Opening will tell the tale and I see STP has already jumped $3 in pre-market. Dammit, should have pulled the trigger at yesterday close (banging head against wall).

CNR may take a nother nose dive before it gets some scrambling, Luc

[TheChartGuru]

CNR formed a really nice hammer with a long tail in the oversold area. I expect a huge bounce tomorrow. Scrape up some loose change from under the sofa cushions and buy some tomorrow
IMHO

The Guru has spoken

[cnelson]

I picked up a smidge today at .73. I'd be thrilled with 10%. And another great day for CBAY! I took 1/3rd off the table at .34 and now I'm playing with the house's money. Hoping this little stock can get up to .50!!!

[teno4212]

Huge being about 30%, right? I will try to get in at .76 I think

[teno4212]

as a side note- I find it funny when I look up your picks in the barcharts opinion box at the upper right and it says 100% sell.. then it goes up 20% or so.