Okay guys here are my BTS picks for this week. Keep in mind I picked extremely volatile stocks because to win this contest the gains for all 5 stocks have to be around 20%. With that said here are the picks:
HAL Short: Again Hal is at it's 52 week high. RSI is at 85% so there really cannot be that many more people to take the stock higher. Furthermore their earnings come out on Monday and SLB missed their earnings for this past quarter so I look for HAL to do the same and to give back these monster gains (and they are due for a pullback anyways).
BIDU Short: I feel that Bidu had a huge play off of Google's earnings and I feel that they will have a big fall off (10% on friday) plus nearing some gap resistance at 340.
Goog Long: After google's strong earnings on Friday I feel like they will continue to go up.
Citi Short: Citi up HUGE on Friday I don't see how with their huge write-off's..
CF Short: Again at 52 week high high RSI needing a pullback..
Let's see how I do..
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