NEW BULLISH Plays

Weatherford Intl. - WFT - close: 20.52 change: +0.10 stop: 19.85

Why We Like It:
WFT produced a rather nasty looking bearish reversal on Tuesday as oil reversed under $75.00 a barrel. Yet investors barely hesitated to buy the dip at round-number support near $20.00 this morning. Oil service stocks look poised to continue this rebound. I'm suggesting bullish positions now but keep in mind this is an aggressive, higher-risk trade given yesterday's reversal. We want to use a relatively tight stop at $19.85 and we want to trade small position sizes (at least 1/2 to 1/4 our normal trade size). Our target to take profits is at $22.45.

FYI: If WFT continues to sell-off we can look for another entry point on a dip or bounce near $19.00 or its rising 100-dma.

Annotated chart:

Entry on    August 26 at $20.52 
Change since picked:     + 0.00   			
Earnings Date          10/19/09 (unconfirmed)    
Average Daily Volume:        11 million 
Listed on  August 26, 2009    


World Accept. Corp. - WRLD - cls: 26.47 chg: +0.52 stop: 25.45

Why We Like It:
WRLD has a lot of potential to skyrocket. The stock has a high amount of short interest. I'm not surprised. Consumer and business credit is a tough business to be in right now. Yet shares have been holding on to their July gains. The sideways consolidation is starting to coil more tightly and WRLD looks poised to break out.

We still want to trade small and use smaller position sizes. More aggressive traders could buy WRLD now. I'm suggesting a trigger at $27.05. We'll use a stop loss under this week's low. If triggered our first target to take profits is at $29.95. Our second target is $33.50. More aggressive traders may want to use a wider stop and place their stop under $25.00 or its 30-dma.

If WRLD sees another short squeeze it could move fast. The most recent data listed short interest at 36% of the very small 15-million share float.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER 27.05
Change since picked:     + 0.00   			
Earnings Date          10/22/09 (unconfirmed)    
Average Daily Volume:       320 thousand
Listed on  August 26, 2009