I must admit that I am sitting in a camp cafeteria at 11 pm Monday night blogging.  It isn’t just any camp.  It is Cub Scout Camp in Manchester, NH.  I am here with my oldest son, Nicholas, who is a Webelo.  We are having an awesome time and I will tell you that the Boy Scouts of America is an awesome institution.  After campfire, I was able to sneak away and blog.

I am not going to get too in depth.  It is late, I’m tired and I have a busy Scouting day tomorrow.

I found another stock that is due for a correction.  This is a short that you should be looking at.  LiveWire Mobile, Inc. (LVWR) clearly has a chart that says it is going to drop.  Here is the chart:

Bullet points (because you’re smart and I’m tired)

• Stochastics indicate a severely overbought position
• The stock is overheated…rising from .14 to .21 in the matter of a few days
• The stock is trading above both the 50 and 200 MA and along the top of the Bollinger Bands.  The pressure seems to be for a correction.
• The RSI indicates that the stock is approaching over over-accumulation
• HOWEVER, the MACD is still showing its bullish tendencies

I feel that this stock should be followed.  Never forget that penny stocks are subject to manipulation.  I recommend that you put tight stops on your trade.

Good night all!