Intermidate-term ideas (long/short) may 12

Intermediate-term Long Ideas

PETM: continues to work add on pullbacks using the 24-32 range.- strong volume building.
SPLS: Solid uptrend intact ..add on any pullbacks. Early signs of leaderhip charactersitcs.
AQNT: attempting to hold in but choppy near-term trading action.



Intermidate-term Short Ideas:

BEN: short in tact between 90-80 range. Asset Manager have had a huge surge in the last 3+ year and near-term have shown weakness....would trade around this short. (recent range $104-90)
TEVA: a short worth adding to on any stregth. Strong volume break down ...setting up for intermidate-term weakness. Further correction to continue. (45-37) WDC: short: 21.43 resitance using support around 18. and Add to short if breakdown below 18. ($24-18 range).
BRCM: A short worth comming back to as it is reaching overdone levels. Add to short on any stregth. ($50-36 range correction).
RIMM: $90-70 range offered a great short oppertunity. watch closer to $70 for potenaial bounce but intermidate-term momentum slowing.
not timely here but watch and add.
JNPR: support around the 16 level, 6 month downtrend continues. a range of $24-17. --not timely here but watch and add.
JBL: Recent range of $43-37 range.-- add on any weakness to the investment shorts. ---not timely here but watch and add.
AMD: $42-30 recent range on any streght come back to the short. Add more to short postion if a break below $29.97