GSAE – Hot pink sheet stock with a huge move on ever-increasing volume. I like this as a long on strength or short on weakness. My prediction last night of a 30%+ gain today was correct and I nailed it for 22% (I also tweeted my trade). Tomorrow it should fade. There will be no shares to short, though.
ASTC – Up on earnings and its desire to “explore strategic alternatives” (it is putting itself up for sale). It held strong just above $3 most of the day. A break below $3 (hmm, a whole number …) would make it a nice short. Otherwise it may be a decent long on strength for follow-through from today’s momentum.
RODM – Nice 52 week highs today. Way too slow and choppy for my taste.
MSHL – Top short watch that may actually be borrowable. It spiked big this morning but closed below its open and right above $1. Will be an easy short on the break of $1.
Disclosure: No positions. I have a disclosure policy.
#1 by Reaper on September 29, 2009 - 9:40 pm
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MTSL … hmm this could be a runner, former zero volume stock, but way low volume even today.
#2 by Preston on September 29, 2009 - 10:11 pm
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I completely missed MSHL short today, no excuse other than my job kept me from concentrating on it properly.
#3 by Preston on September 30, 2009 - 7:25 am
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DSCO had some news yesterday and this morning, had insane volume yesterday and looks to be a pre-market leader this morning.
#4 by willard on September 30, 2009 - 9:17 am
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followed DSCO most of the day yesterday, bought on the break of $1.00 w/ volume (love them round numbers, great post BTW Reaper), but sold. I just couldn’t bring myself to hold O/N. The news was a “path for approval” for one of their drugs, NOT approval. I’ll be looking short here in a few days.
#5 by Preston on September 30, 2009 - 7:56 am
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APT, TSTR – pre-market leaders with news.
APT has some resistance ahead that it hhas to break first to be a good runner.
TSTR has no resistance on a 1 year chart and could run nicely with news about a deal with AT&T deal.
#6 by Preston on September 30, 2009 - 8:57 am
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Damn PZE has went vertical on no news that I can see. It’s a oil play though.
#7 by Reaper on September 30, 2009 - 9:12 am
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Shorted that and covered with a tiny loss … looks like Petrobras is buying it or vice versa and they were already in some sort of relationship.
#8 by Reaper on September 30, 2009 - 9:21 am
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VSR looking to gap above 5.20 … that will be a nice breakout and I will look to play it.
#9 by SkepticalOx on September 30, 2009 - 9:29 am
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As a short or a long? The gap is because they just got a huge air force contract for those who don’t know.
#10 by Reaper on September 30, 2009 - 9:35 am
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You’re serious, ox? Why would I short something on a perfect breakout? Of course it was a long. I bought it right out of the open and had a nice unrealized profit before it quickly tanked. I got out +$36
#11 by SkepticalOx on September 30, 2009 - 9:49 am
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Maybe a stupid question… but it’s heading south under $5.00 right now.
#12 by Preston on September 30, 2009 - 9:35 am
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I got a partial fill on 200 shres of LEE at 2.83.
#13 by Preston on September 30, 2009 - 9:47 am
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Out of LEE average fill of 2.84, 148.00 profit.
#14 by stkonlinetrader on September 30, 2009 - 9:48 am
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still long VSR reaper ?
#15 by Reaper on September 30, 2009 - 10:00 am
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What part of “I got out +$36″ in comment #10 did you not understand?
It is okay … everyone gets one stupid question. The second stupid question will result in serious consequences.
#16 by stkonlinetrader on September 30, 2009 - 10:01 am
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was busy finding NPHC shares
#17 by wallie123 on September 30, 2009 - 10:15 am
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I have a bad feeling that SEC will use short sellers as an escape goat for this mess. Here is an idea maybe just maybe if your business didn’t suck maybe the shortsellers would not short your stock. That is just a theory, but what so i know. On the other hand if they do make shortselling nearly impossible then I see penny stocks evolving. Bigger bull raids due to know one being able to short them down and more pump and dumps that will surge higher than ever before. just gotta learn to be buyers.
#18 by johnc on September 30, 2009 - 12:00 pm
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REAPER IS PISSED today… j/k did EMGE just get halted today!? i havent seen a tim report come out yet.
#19 by Reaper on September 30, 2009 - 12:15 pm
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No not really … I just hate dumb questions … and really it wasn’t stkonlinetrader who set me off … it was a couple people who emailed me or contacted me via Youtube and I couldn’t even understand their questions.
Yes, EMGE halted. My twitter feed is an integral part of this blog; I tweeted it earlier today: http://twitter.com/reapertrades
“EMGE halted, SEC halt order (pdf):http://bit.ly/14zZsv way to go @timothysykes and me … my post on EMGE: http://bit.ly/u55iAabout 2 hours ago from Seesmic “
#20 by Androo on September 30, 2009 - 12:17 pm
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Yes, EMGE did get halted. 2 for 2 for Tim. Haha.
#21 by Preston on September 30, 2009 - 12:29 pm
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Short 1000 DSCO @ 1.598 after it failed to convincingly go green on the day.
#22 by Reaper on September 30, 2009 - 12:31 pm
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That is an incorrect statement … it is still green. Green/red refers to being above yesterday’s close. You are referring to this morning’s open.
#23 by Preston on September 30, 2009 - 12:34 pm
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You are right, thanks for correcting me on that. After I wrote that comment I went back and thought about it looking at the chart and realized what I had done.
More stupidness for the day huh.
Sorry about that.
#24 by Preston on September 30, 2009 - 12:36 pm
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Needless to say that’s not even a strategy that I know of, I deserve to lose money on this one.
#25 by Preston on September 30, 2009 - 2:57 pm
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+ 179.00 on DSCO, out at 1.42. Boring trade.
#26 by sm on September 30, 2009 - 7:00 pm
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I shorted ASTC once it broke 3$, still have the order open to see if it drops more, which it will Im sure.
#27 by sm on September 30, 2009 - 7:06 pm
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Is anyone gonna try to get shares of LUNA still? still in its infancy fade.
#28 by Preston on September 30, 2009 - 7:35 pm
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I tried a order today of LUNA and couldn’t get shares.
Tried CHIP as well, it seems you have to get in early and sometimes endure a little pain or you miss the possible gain.