Comments on: Watchlist for Monday, September 14th

By: Reaper

Reaper — Tue, 15 Sep 2009 01:09:17 +0000

Ryan – I stated as much about bankrupt companies in he video. That being said, I can’t remember a time shareholders got anything when a stock traded at $0.03. Calpine is the last company I remember, back in 2007 maybe, that emerged from BK without wipeing out shareholders.

SVA not anything I’d play here.

By: Ryan Yates

Ryan Yates — Mon, 14 Sep 2009 23:37:15 +0000

Reaper, when a company goes through bankruptcy proceedings, shareholders aren’t necessarily wiped out–just the vast majority of the time. The drug news on VRMLQ obviously gives some people hope that sh/h’s won’t be wiped out this time.

Check out risk/reward on SVA, which is tighening up. Get long around 9.4 or low 9.5′s. Exit below 9.3. Hold winner ideally through new highs, but of course if the tape tells me otherwise, I will get out before that. Shorting is riskier, as the risk at the time of this writing is to 10.2 or so; but if you’re fast enough to get out if the volume doesn’t pick up immediately, the short is also a worthwhile trade.

By: Cory

Cory — Mon, 14 Sep 2009 18:58:05 +0000

I’m new here as well, and am trying to learn a bit.

As for ZOOM, it looks like most of the news out today is centering around Gold Lion Holdings, an acquisition of theirs, which is up 354% from last year. Isn’t it risky to short stocks that are up on released financial results?

By: Reaper

Reaper — Mon, 14 Sep 2009 18:37:25 +0000

look at ZOOM’s float … these low float stocks can run big but there usually aren’t shares available to short when they fall. No ZOOM @ IB either.

By: Joe

Joe — Mon, 14 Sep 2009 18:34:32 +0000

If I am looking at this right, would ZOOM be a canidate to short? I called my broker out of curiosity but they had no shares available to short. I am new to the whole shorting thing so watching things closely in order to learn.

I don’t see news good enough to have zoom zoom like it is, was there a pump that went out, or did I just miss the news?

–MostlyLucid

By: cwn6161

cwn6161 — Mon, 14 Sep 2009 18:11:27 +0000

I don’t want a stock to be like OPXA, lol

By: john c

john c — Mon, 14 Sep 2009 17:58:53 +0000

its the next OPXA… and its only been a week since OPXA

By: Preston

Preston — Mon, 14 Sep 2009 17:58:48 +0000

ZOOM is like OPXA last week, just will not stop.

By: Reaper

Reaper — Mon, 14 Sep 2009 17:50:40 +0000

CNWI red on day but no shares @ IB.

By: Preston

Preston — Mon, 14 Sep 2009 17:19:32 +0000

Replace *resistance with *support.