Please note that I will be in a seminar with Tim Sykes all day Monday so I will likely not comment as much as usual here. My two stocks on watch are both small oil E&P companies, so keep in mind the price of oil if you trade them.
USEG – Up 65% Friday on big volume. It closed near its high of the day so I think it has farther to run. They are a small E&P company that just had some good news Friday.
ROYL – Had good news on Thursday, ran big, then just ran up a little Friday, hanging around $3.60 most of the day. This could be a decent short on proper fading price action to red.
NXTH – Beautiful pump and dump. If any chart ever looks manipulated, this one does. Likely no shares to short when it fails, but would be nice to short on red.
Disclosure: No positions. I have a disclosure policy.
#1 by Preston on October 18, 2009 - 1:16 pm
I just asked Ben the tech guy to pin a mic on you, we cant here the questions and answers from you.
#2 by Renton on October 18, 2009 - 3:35 pm
looks like NXTH does have shares to borrow at least pre market today. Tempting to reserve some
#3 by Renton on October 18, 2009 - 4:24 pm
USEG is gonna be tricky, considering the RSI(2) is over 99. It could tank pretty bad this week
#4 by Reaper on October 18, 2009 - 8:31 pm
Vegas has been fun so far, met up with about 10 people last night at Dick’s. Too bad I missed a few people and too bad you couldn’t come, Preston.
PS- ALFFS = Always Look For Shares to Short.
#5 by Preston on October 18, 2009 - 9:24 pm
I’m very glad you’ve had a good time, I too wish I could have come. Next time I will be there buddy.
Who won the arm wrestling match?
I am looking forward to tomorrow.
#6 by Preston on October 19, 2009 - 8:19 am
RNN pre-market leader with news, chart is messy though and it’s hard to spot a buy point.
AEZS is same way.
CRIC pre-market leader IPO, hard to find a buy point.
#7 by Reaper on October 19, 2009 - 9:11 am
FIGI IPCS RNN HDY I see on pre. FIGI on 1 maybe?
#8 by Reaper on October 19, 2009 - 9:12 am
FIGI big news tiny mkt cap
http://finance.yahoo.com/news/Fortress-International-Group-iw-1535097060.html?x=0&.v=1
BRING US SOME FIGI PUDDING!!!!!!!!!!!!!!!
I like it on 1 cross. Good chance I’ll play it.
#9 by Reaper on October 19, 2009 - 9:16 am
FIGI resistance just over 1 long-term but w/ news I don’t think it matters much.
#10 by Reaper on October 19, 2009 - 9:32 am
don’t like the spread on FIGI and that was a weak open.
#11 by Reaper on October 19, 2009 - 9:56 am
Took $1 per share on VRMLQ … got out with a crappy fill. Only 200 shares.
#12 by Preston on October 19, 2009 - 10:45 am
Michael, I hate to ask you to do this, but I can’t see my webinar, all I get is a fuzzy screen. I am entering the password and the site is coming up but it’s not showing, or no sound or chat either.
During a break would you mind mentioning it to someone, I will not worry much but I wanted to see some of what he does live.
Thanks very much, if you can’t or don’t want to I understand.
#13 by Reaper on October 19, 2009 - 10:55 am
Preston dude no problem. I told Ben (who is doing the video recording) hopefully he can figure it out.
#14 by Preston on October 19, 2009 - 11:09 am
Awesome Michael, it’s not on yet but I will keep trying.
I bet being there is awesome, I will regret this for a long time to come.
EXXI breaking out, but the news on earning doesn’t seen that great, potential short.
#15 by Reaper on October 19, 2009 - 11:16 am
Don’t they have some way for you to contact them if there are problems, too? Joel & Adarsh aren’t around, maybe they would be the ones to fix that.
#16 by Preston on October 19, 2009 - 11:26 am
I sent Joel an e-mail, maybe he will get it. I don’t know how often he is checking that.
Thanks for everything, maybe we will get it worked out before the EOD.
#17 by Preston on October 19, 2009 - 11:31 am
Awesome, Joel just called me, now that’s service.
#18 by Preston on October 19, 2009 - 11:40 am
Short 900 EXXI @ 2.297, if I’m right it was momos that pushed this up.
#19 by Yngvai on October 19, 2009 - 11:43 am
ROYL and USEG turned out to be great shorts for me
#20 by Reaper on October 19, 2009 - 11:46 am
Yeah, I might’ve played those if I’d been at home.
#21 by Reaper on October 19, 2009 - 11:47 am
Oh BTW, the arm wrestling match between me and Tim Bohen has yet to occur.
#22 by Preston on October 19, 2009 - 11:51 am
I’m online and viewing Michael, thanks for your help. Joel fixed me up.
#23 by Reaper on October 19, 2009 - 11:52 am
Glad to hear it.
#24 by Preston on October 19, 2009 - 12:57 pm
+177.00 on EXXI, not a bad trade. After the initial spike the volume started to fade as the stock continued upward on a intraday chart, looked like a good time to short.
#25 by Reaper on October 19, 2009 - 3:01 pm
Bought 400 DDRX @ 28.985, alerted on my twitter. http://Twitter.com/reapertrades
#26 by Reaper on October 19, 2009 - 3:07 pm
mental stop at 28.50 … very loose, but that is intra-day support. Hopefully it can do another couple dollars/share tomorrow. $26 was a huge breakout and was a better play than what I’m doing.
#27 by Reaper on October 19, 2009 - 3:37 pm
DDRX tanked after it broke 28.50 … support matters. Now 28.12
#28 by Preston on October 19, 2009 - 3:47 pm
I missed a good buy point in that last tanks due to my shitty connection. Debating whether to enter now.
#29 by Preston on October 19, 2009 - 3:50 pm
Plus I have to hold overnight because my daytrades are gone, I will not risk it. I do think it’s a good trade though.
#30 by Preston on October 19, 2009 - 3:53 pm
Damn, look at it go.
#31 by Reaper on October 19, 2009 - 4:03 pm
+1161.92 overall today. Thank you CBOU …