NWBO – Have I said how I hate buying OTC stocks? This is a big move Friday but drug news was Wednesday. Hopefully this moves some more and then I’d short on red. For Monday no easy play.
SNIC – Nice breakout, I missed it despite watching it Friday. A bit overextended for me to get excited about buying it here. Ideally it consolidates a bit before another move.
LPSN – Nice beakout on earnings … I like this long at $6.
WG – Nice move for two days on positive earnings, but is at resistance at $16.50. Potential short or long, depending on price action, but this is not as high a percentage trade as I like. SWKS is similar.
PWOIF – Wow … impressive chart, looks pumped. No clear play here, just watch.
IMGG – Continues breaking out, but no clear play considering I hate buying OTC stocks. Volume isn’t too impressive either.
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.
#1 by betheball on November 8, 2009 - 3:24 pm
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nice to see you getting into the holiday spirit early with the title…..
#2 by InvestorsLive on November 8, 2009 - 4:32 pm
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PWOIF saw some talk of hard mailers hitting peoples mailboxes
#3 by Reaper on November 8, 2009 - 5:45 pm
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as opposed to “soft” mailers?
Thx for the note.
#4 by InvestorsLive on November 8, 2009 - 6:31 pm
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hard mailers as in printed and sent to your mailbox soft as in digital such as those we get from pennystockchaser/hototc and all other email stuff
Word document on your PC is a soft copy vs printed word document is hard copy .. ha
#5 by Preston on November 8, 2009 - 7:41 pm
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LPSN could really take off.
I have several potential shorts but because most of my picks don’t do much I will save you all the time.
How bout dem Saints; 8 – 0.
First time in franchise history.
#6 by johnc on November 8, 2009 - 9:38 pm
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VVTV @ 3.63 overnight…
NPWZ based out at $1
RGTX is up from .30 to 1.50
BRYN is the next pennystockchaser … i wouldnt trust this at all since RGTX ran up so nicely.
IMGG – breaking .80 Shorting when it doesnt
#7 by Reaper on November 9, 2009 - 9:23 am
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RGTX a pump. BRYN I mentioned already PSC started pumping it via Twitter on Friday.
#8 by Preston on November 9, 2009 - 7:57 am
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ARIA has news and is at resistance, a good long above 2.55 or so.
#9 by Preston on November 9, 2009 - 8:09 am
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EWBC will open above resistance.
#10 by MostlyLucid on November 9, 2009 - 8:54 am
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Good morning everybody;
Only play on my end so far today is CROX short.
My goal for today is to simply make every play correct (making a profit would be nice too…but I really believe that will come)
Friday I *almost* did every play correctly….except for my second trade of the day…all of a sudden I realized that I was holding it and hoping it would come back after it moved against me. Dumped it right then but for a loss of twice of what it should have been. Getting better still.
GL to everybody today!
#11 by MostlyLucid on November 9, 2009 - 8:56 am
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Currently reading this traders book:
http://www.daytraderjosh.com/
Good book…very interesting and honest sounding.
#12 by Preston on November 9, 2009 - 9:18 am
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REV is showing strength this morning on an upgrade, it has proved it can run. Had a couple days of consolidation.
#13 by Reaper on November 9, 2009 - 9:23 am
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big in pre: EWBC HEPH PSTI EVK CGEN SATS ARIA RSH XIN NCS SAY
#14 by Reaper on November 9, 2009 - 9:26 am
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I like EWBC SATS and RSH best.
I also have been accused of sharing Charlie Brown’s fascination with red heads.
#15 by Preston on November 9, 2009 - 9:39 am
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CGEN very close to breaking out, a buy above 3.00.
#16 by trivto57 on November 9, 2009 - 9:40 am
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IMGG creeping over 52 week high
#17 by trivto57 on November 9, 2009 - 9:54 am
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got in at .84… got out around 6:47 mark at .85 after adding 50% at .87…. now cracking .9. got scared, didn’t want to see another stampede exit like TNUS
#18 by Michael23 on November 9, 2009 - 9:54 am
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Hi Reaper,
It looks like WG broke through the high of 17.01 and kept going up a little more before collapsing. After the breakout, what made it not worthy of a buy from you, insufficient volume?
#19 by Reaper on November 9, 2009 - 9:58 am
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It was already overextended after two big up days. Earnings runners won’t keep running straight up for more than a 2 or 3 days usually. If this had been the second day I would’ve probably bought.
#20 by Reaper on November 9, 2009 - 9:56 am
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IMGG not a pure pump like TNUS, so less risk. Still not something I’d buy, but that is me.
#21 by Michael23 on November 9, 2009 - 10:07 am
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Makes sense, thanks!
#22 by Preston on November 9, 2009 - 10:39 am
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I can say one thing that has gone wrong with my shorting HOD breaks. I have gotten obsessed with catching the very top.
I had a limit order in for EWBC at 13.17 and I wouldn’t bend a little and bring it down some, that would have been a good trade even if I got in at 13.10 or so. I’m not sure what you would call that, greed or just stubborn but sometimes you have to adjust your methods are you never will trade. There was an easy .60 of downside there, easy trade if I would have followed through.
#23 by Reaper on November 9, 2009 - 10:57 am
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I made $38 longing EWBC from 12.80 to 13.00.
I agree … trying to catch the absolute top or bottom is foolish.
#24 by Preston on November 9, 2009 - 10:42 am
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TTI trying to break out on earnings.