Daily PACS Nov. 21, 2011

Author’s additional notes:

Last week, we saw the very best in speculative plays particularly in AAI. It’s like am reliving the past during BW days but this one is much faster than anyone can imagine. I hope it does not end like a scene in “The Walking Dead” tv series where corpses came alive and started to hunt and feed on humans. Note that based on PACS system, AAI is now on the eight-day of rise. Normally, stocks can only go for 8 to 10 straight up days before it collapse and succumb to profit taking.  I believe that AAI is not an exemption to the rule and  that we will soon see it correct (maybe as early as this Monday or Tuesday).

I also issued an alert last week regarding two stocks, LC and MARC which are both mining stock. Today will be the third day of their ascent, watch out for some profit taking to occur. Do note that as long as LC remains above 1.30 level, its overall direction will remain up. Watch out for other mining issues that are also sleeping like UPM, CPM, ACR and especially AR. Mining play may spill over and rub in on the issues mentioned.

GERI and MEG’s uptrend move are also seen to resume but market may cap its gain because it is still trending down. Lastly, watch also IP and ICTV. They are potential buys with low risk.

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*Please note that PACS’ price  alert level will always supersede any opinion coming from the author.