Morning Moves
Sold PMTI. Looks like it can still move as it is still oversold, but there is some resistance around high 43. (chart) Thanks billwag… i owe you a drink… i think i owe you a few drinks :)
Bought BRCM for the earnings play later today. I would hold PMTI if I had the means to do it, but I need to keep myself flexible due to DNDN. PMTI probably started a bullish uptrend today. Could very well see 50-52 within 2-3 weeks.
Also, look to play the oils. My favs are SLB and PGH. Will probably get into May SLB calls today.
