Watchlist for 11/12 « Reaper Trades

Watchlist for 11/12

No graphs tonight. I’m beat after doing some more work on my DVD.

SMI – No play. Up on news that it will not be destroyed by litigation. Lack of intraday move suggests it has found the right price.

CHLN – Meh. Earnings. Gap and crap a little today, but I don’t anticipate any big moves.

NCST – Buyout.

NLST, SNIC – Nice breakout. Watch.

NANO – Broke out today. Might be nice tomorrow on green.

SNVP – What a waste of a beautiful pump. I heard Schwab had shares. Was beautiful morning panic on the gap down open.

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

This entry was posted on November 11, 2009, 10:12 pm and is filed under All Categories, Watch List. You can follow any responses to this entry through RSS 2.0. Both comments and pings are currently closed.

33 Comments

#1 by Preston on November 12, 2009 - 7:59 am

JDSU has a nice looking chart, small ADR but it could break out this morning. Mad Money pump.
#2 by Preston on November 12, 2009 - 9:08 am

CAAS beautiful chart, up on earnings.
#3 by Preston on November 12, 2009 - 9:09 am

COMS going to open above resistance
- #4 by Reaper on November 12, 2009 - 9:11 am
  
  buyout by HPJ. cash.
  Hmm, UBET a buyout too.
#5 by Reaper on November 12, 2009 - 9:10 am

AMD gap above resistance
UBET looks nice too
#6 by Preston on November 12, 2009 - 9:11 am

KNDI maybe good above 4 if it gets there, on news of electric car.
#7 by Preston on November 12, 2009 - 9:12 am

Damn COMS is a buyout, my bad.
#8 by Preston on November 12, 2009 - 9:14 am

YUII gap to resistance, looks good above 6.50.
#9 by Preston on November 12, 2009 - 9:23 am

AMD looks the best.

By the way, I apologize for that ill-timed comment on SNIC yesterday. After I listened to your re-cap this morning and looked at the time of trade vs. comment you might have said “no shit” or something like that.
#10 by johnc on November 12, 2009 - 10:06 am

resistance at 3.30 for NLST? … it broke the $2 resistance level
Anyone gutsy enough to buy still?
#11 by Preston on November 12, 2009 - 10:19 am

Nope
#12 by Preston on November 12, 2009 - 10:21 am

NANO breaking out.
- #13 by Reaper on November 12, 2009 - 10:55 am
  
  Hope you played it. I had no excuse. Either on the break of yesterday’s highs or on green it was a no-brainer.
#14 by Luis023 on November 12, 2009 - 10:59 am

http://www.vancouversun.com/Male+enhancement+drug+arouses+investor+interest/2209733/story.html on seems like another pump and dump is going to go wrong for someone GHLV
#15 by Preston on November 12, 2009 - 11:01 am

Nope, I just don’t feel comfortable buying these yet, I’m trying to get a feel for it. I only have one day trade as well so trying to spend it wisely.
If it holds up and crosses 1mil shares I may go short, very simalar to the pattern yesterday, I may have just missed it though, it broke at 9.98 and volume looks to be fading.
#16 by Preston on November 12, 2009 - 11:38 am

Damn, I bet that was a short squeeze on PLA, spiked very fast on massive volume.
- #17 by Reaper on November 12, 2009 - 11:50 am
  
  PLA talks of buyout, crossed bloomberg wire. I shorted it for a risky $90 and am out now.
#18 by Preston on November 12, 2009 - 11:49 am

NANO
“Hope you played it. I had no excuse. Either on the break of yesterday’s highs or on green it was a no-brainer.”

Yep you are right, missed opportunity that was well worth a day trade. Beautiful chart with several easy buy in spots.
#19 by Preston on November 12, 2009 - 12:00 pm

Good play, I was to late to the party on that one.
Just look at the charts on NANO, NLST and PLA, I guess that’s why I’m so biased to short HOD breaks. They look so predictable to me. NANO was about 800K shares traded and I should’ve entered, kinda busy at work trying to leave at lunch so not concentrating hard enough, trading really takes a lot out of me when I’m in, watching every tick.
#20 by Luis023 on November 12, 2009 - 12:03 pm

Why you guys think NANO is up, checking its cash flow statement and balance sheet, it lloks like worst than any other year?
#21 by Preston on November 12, 2009 - 12:09 pm

Looks like a perfect technical breakout to me.
#22 by Preston on November 12, 2009 - 12:18 pm

SORL breaking out on low volume, looks like some of these other plays a few days ago and has earnings coming up.
#23 by Reaper on November 12, 2009 - 1:55 pm

KNDI near 4
#24 by Dan Reagan on November 12, 2009 - 1:59 pm

I remember a while back on CAPS you expressed some interest in shorting both 3x bull and 3x bear ETFs. A large, unidirectional move in the underlying index over many days will cause you to lose money if you do this.

What do you think of a strategy where one puts 75% of his money into the index, uses 25% of his money to short the 3x bull, and rebalances daily? I feel like this would reduce the riskiness of the strategy a lot while still capturing the decay of the 3x ETFs
- #25 by Reaper on November 12, 2009 - 2:02 pm
  
  This would increase risk. Anyway, with this strategy there is a very low profit margin. It would not meet the cost of capital, especially considering you need to do continuously adjust your hedges. It is not worth the risk as a real world strategy IMHO. But it is fun from an academic perspective.
#26 by Preston on November 12, 2009 - 1:59 pm

Damn, there are some huge sell orders coming across around 4ish.
#27 by Reaper on November 12, 2009 - 2:22 pm

inability of sellers to drive KNDI back below 4 and large bids at 4 are very bullish. I’d probably re-buy if I didn’t want to do other things (ie work on my DVD)
#28 by Preston on November 12, 2009 - 2:42 pm

I just started my 7 hour commute back home.
Level 2 is greek to me so I have no idea what I’m talking about.
- #29 by Reaper on November 12, 2009 - 3:15 pm
  
  I thought you’d moved to Texas with the new position?
#30 by Preston on November 12, 2009 - 3:13 pm

If KNDI is on watch for tomorrow, does that give me a few more muddled sentences and maybe a duck.
#31 by Preston on November 12, 2009 - 3:21 pm

In December I will, wife still in school. SHe is transferring to the University of Houston end of this semester. SHe has two semesters left for her masters in accounting, she still only has two B’s, I don’t know what she sees in me. lol
I’ve picked up contracts through 2010 so it’s going pretty good, not selling my house yet though. My business can be a brutal one at times.
#32 by Hezakiah on November 12, 2009 - 10:24 pm

In regards to the ultra ETFs:

If you rebalance daily, as in Dan’s sample strategy, your expected return is exactly zero. Ignoring slippage and commissions, you would neither make nor lose any money. If you want to lower the risk of the strategy, you would want to diversify into several pairs of ultra ETFs that track indices with the lowest amount of correlation. Profit margins on this strategy are fairly low, though it should easily beat cost of capital.
- #33 by Reaper on November 13, 2009 - 8:52 am
  
  It depends what your cost of capital is. Plus, you do have the risk of a forced buy-in on your short position. Last I checked most of the leveraged ETFs were hard to borrow.

Comments are closed.

These Terms of Use applies to my Reapertrades.com and my GoodeValue.com blog.

I write about stocks and other investments. I am not a registered investment adviser and I will not and cannot give personalized investment advice. If you wish for personalized investment advice, please consult with someone who is a Certified Financial Planner (CFP). These individuals are qualified to help you; also, find one to whom you pay an hourly fee, to ensure that your adviser has no conflicts of interest. To find a CFP near you, visit the CFP Board’s website.

When I write about a stock that I beneficially own, I will attempt to disclose that fact at the end of an article in which I mention that stock, unless I own the stock in a hedge fund, mutual account, managed account or other account that I do not control. Because this is a day-trading blog I may close or re-open a position in a stock without timely notification of the readers of this blog. This blog is for informational purposes only and you should not consider anything I write to be investment advice.

I will use my best efforts to disclose any conflicts of interest of which I am aware with regard to stocks, companies, or products about which I write.

I have never been sanctioned for violations of securities laws, and I have never been barred from the securities industry or convicted of any felony or misdemeanor whatsoever. However, I make no guarantees about the accuracy of my statements and I will not necessarily update statements that later turn out to be false. Because I aim for accuracy, I encourage anyone who finds errors to use the contact form to point them out to me.

I provide the material on this site for informational purposes only. No mention of a particular security constitutes a recommendation to buy, sell, or hold that or any other security, nor does it mean that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. I cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment or methodology, or the potential value of any investment or informational source. Site users bear sole responsibility for their own investment research and decisions. Anything written on this website is solely the opinion of the author unless it is clearly and expressly stated as fact.

Category labels are not necessarily correct descriptions of articles in those categories.

Twitter

I post comments about stocks on Twitter and those comments may appear on my blog in a sidebar. My disclosure policy and trading policy does not apply to my posts on Twitter or anywhere else on the internet (such as Motley Fool CAPS and Yahoo! Finance message boards), only my blog itself. The only disclosure policy I will follow when making posts on Twitter or websites other than this blog is that I will use best efforts to disclose when I hold a position in a stock.

I will occasionally tweet about stocks I trade. My tweets will often be delayed and thus attempting to trade based on my tweets will likely lead to losses. I discourage anyone from making trades based on my tweets. My tweets are not recommendations to buy or sell a stock. They are for informational and educational purposes only to give my readers a feel for how I trade and to convey my opinion on stocks about which I may write.

Taxes

I may occasionally write about tax issues for traders. I have no training in tax law (or any kind of law) and nothing I write is to be construed as tax, financial, or legal advice. I recommend The Tax Guide for Traders by Robert Green. After purchasing the book I retained Green's firm to prepare my taxes and they currently prepare my taxes. I receive no money from the firm for promoting them and the only money I receive from recommending them comes from my Amazon.com affiliate link.

Recommendations and Affiliates

I only recommend products or services that I believe are useful. For some products or services I recommend I am an affiliate and receive a percentage commission based on product or service sales from those clicking my affiliate links. Every product for which I am an affiliate I am also a happy customer and I am an affiliate because I like the service or product. I used to be an affiliate of InvestorsUnderground (IU) stock chat, for which I received 50% of a new subscriber's first month's payment and 25% on an ongoing basis. I no longer recommend InvestorsUnderground and I have not received any affiliate payments from them since December 2010. I am no longer a member of InvestorsUnderground stock chat; my membership ended at the end of 2010. Please see this post on why. I subscribed to IU since its inception at the beginning of 2009 and I paid the standard rate of membership for charter members, which was $99/quarter (I also was a member of the free predecessor chat, Green on the Screen, for 6 months starting in summer 2008). I am an affiliate of SpeedTrader (although I have never earned affiliate commissions from them); I use them and recommend them to any person who actively daytrades OTC stocks. I am a happy customer of Amazon.com and all my links for books use my affiliate link. I am an affiliate of Timothy Sykes. Read on for more information on my relationship with Timothy Sykes. In the future, I may enter into additional financial arrangements for recommendations or affiliations. I will attempt to keep you informed of the details of any such arrangements.

My Relationship with Timothy Sykes

I am an affiliate of Timothy Sykes, for which I receive 35% of the purchase price of any product ordered using my link. I am a TimAlert lifetime member (for which I paid $2,000) and a lifetime subscriber to PennyStocking Silver (for which I paid $1350); I have also purchased Sykes’ DVDs Pennystocking 1 & 2 and Sykes' Learning Level 2 DVD (I have since given away my copy of Pennystocking 1 in a contest on this blog and I have re-sold my copy of Learning Level 2). I received the TimRaw DVD as part of the 2008 Las Vegas seminar I paid for and attended; I received TimTactics and TimFundamentals Part Deux as part of the 2009 Las Vegas seminar package that I paid for and attended. At both of Sykes' seminars I attended he bought a round or drinks for me and everyone else at the post-seminar party. At the 2009 Vegas seminar I also purchased $250 ($300 with tip) worth of drinks for everyone (pursuant to the promise on my blog of buying a round of drinks). I moderate/administer Tim Sykes' TimAlerts stock chatroom, for which I am paid based on the average number of people in chat during trading hours. I also assist with Sykes' Trading Challenge and am paid for that. I collaborated with Tim Sykes on the Read SEC Filings DVD published by Tim's company, Bullship Press, and I receive royalties on every sale. I spoke at Sykes' 2010 seminar and as compensation I received free admission and free dinner the first night of the conference as well as a copy of the DVD that was made from the seminar (The New Rules of Pennystocking). I will attempt to keep you informed of any changed or additional aspects of my relationship with Timothy Sykes in the future.

Comment Policy

Ownership of and responsibility of the comments remains with those who post the comments. I am not responsible for the statements of those who leave comments. I reserve the right to delete any comment for any reason whatsoever, including but not limited to the reasons that the comment(s) in question are spam, defamation or obscene.

Privacy Policy

I use third-party advertising companies to serve ads when you visit this website. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here.

* Google, as a third party vendor, uses cookies to serve ads on this site. * Google's use of the DART cookie enables it and its partners to serve ads to my users based on their visit to my sites and/or other sites on the Internet. * Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.

Email Privacy Policy

Users’ email addresses will never be sold to anyone, ever, whether given to me by signing up for my email list or by leaving a comment.

Privacy Limitations

The only personal information I currently collect consists of email addresses, IP addresses, and information related to user comments and emails. I may disclose users’ email addresses, IP addresses, comments, emails, or any other information regarding users, pursuant to subpoenas, court orders, or other requests (including criminal and civil matters) if I have a good faith belief that the response is required by law. This may include respecting requests from jurisdictions outside of the United States where I have a good faith belief that the response is required by law under the local laws in that jurisdiction, apply to users from that jurisdiction, and are consistent with generally accepted international standards. I may also share information when I have a good faith belief it is necessary (a) to prevent fraud or other illegal activity, (b) to prevent imminent bodily harm, (c) to comply with these Terms of Use, (d) to respond to claims that any information published on this website violates the rights of third parties, or (e) to protect the interests of my users or others. This may include sharing information with other companies, lawyers, courts or other government entities.

Arclite theme by digitalnature | powered by WordPress

Entries (RSS) and Comments (RSS) TOP

Reaper Trades

Reaping Profits by Trading Penny Stocks