PCBC – Nice move Friday on strong volume; this has a history of multi-day runs. I would consider going long on red/green. CPF has a similar chart, though not as good a history of multi-day runs.
SMOD – Nice breakout, at longer-term resistance. Good volume Friday. It was up on earnings, so it may keep going.
MTEX – I’m always short-biased on this MLM firm. Hopefully it has a third big up day to set up a better potential short.
IFNY – Breakout, but on low volume. Tim Sykes is long this. I would not buy this here because it is a pink sheet stock and the volume is anemic.
Disclosure: No positions in anything mentioned in this post. This blog has a terms of use and you can find all my disclaimers there as well; my full terms of use is incorporated by reference into this post.





#1 by Preston on December 21, 2009 - 10:16 am
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Kinda quiet today, still holding SENO but will cover soon because as you say the volume is anemic.
#2 by Preston on December 21, 2009 - 10:29 am
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+ 80.00 on SENO.
#3 by johnc on December 21, 2009 - 12:21 pm
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Preston u got Twitter?
How do you guys feel about CHTL .. broke 1.05 resistance
#4 by johnc on December 21, 2009 - 12:22 pm
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Get twitter… download TweetDeck.com
#5 by Preston on December 21, 2009 - 2:44 pm
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Yeah I got it but hardly ever check it.
http://twitter.com/preston5000
Damn I missed a great play on CTCM because of meetings, awesome HOD short.
#6 by Povilas on December 21, 2009 - 2:59 pm
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Just wondering if you guys use limit orders only? If so what if you need to get out of the position ASAP?
#7 by Preston on December 21, 2009 - 3:12 pm
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Market orders for fast movers and when you wan’t out. Limit orders for more controlled entries, like my HOD shorts when I really wan’t a certain price or I’m not playing.
#8 by James Krieger, M.S., M.S., no B.S. on December 21, 2009 - 3:32 pm
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Well JBII turned out to be a lame breakout….I was in at 3.55 and it went to 3.85, only to fade all afternoon and I got out at 3.57