On watch for Monday 8/21

 

NEON - large positions announced Peter Lindel 5.97% ownership and Rosenberg 5.97% announced on 8/18 after market close.  Watching for a bounce on the news

FENG - I am in short.  3 day run up.  Good earnings, but company is in a tough market and news of Google re-entry into China is not good for FENG.  Insider ownership is non-existent which is a good sign of no confidence.  I am in short looking for a break of $4.30s then $4 with a retrace back to 3.80s which is a 50% fib retrace off the high.  Expecting a fight as a lot of buyers got sucked in off various lists and promos.  Lots of bag holders here should provide a lot of resistance on any major runs.  Volume on Friday was nearly 50% short, 50% Long.

 

LXU - watching for a swing trade on the bottom forming in the 6.20 range.  Oversold RSI but lacking volume right now