VeriChip Corporation (NASDAQ:CHIP) – This stock remains on watch. Tim Sykes thinks this company sucks and that is good enough for me. $3.00 is important support and it will be a good short if it breaks that.
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 bet is tomorrow it will have another 30%+ gain.
SQNM – This stock died in after-hours trading on horrible news. Those that are competent at playing bounces may try for a bounce play tomorrow. I am horrible at playing bounces so I will not play it.
LUNA – Still on short watch. It faded all day yesterday after a big morning spike. Green/red = short.
Disclosure: No positions. I have a disclosure policy.
CNLG is at some key resistance and had low volume today that if broken with stronger volume could run higher.
GKK looks similar with some consolidation.
NPHC has a nice chart, though I don’t know what to make of it. Could run higher I guess, but slow.
RMTR is at some resistance as well, volume is still low though.
I still like LUNA as a short too, though I couldn’t find shares today.
CYTK looks good as a short, but it has some news that could make playing it more difficult.
GKK yes interesting, not a huge ADR though.
I don’t really see a clear play on CYTK.
ASTC, DVAX, CHIP, pre-mrket leaders so far. ASTC looks the best.
No shares of LUNA at AMTD, just tried down to 400 shares and they do not have that. They may have less but I’m not interested in less than 400 because it’s one of my day trades. Same with CHIP.
Once CHIP breaks 3 I will try to reserve some shares. I managed to get some LUNA by constantly putting in orders every 5-10 min, got it at 2.70..
GCI looks good and has broken resistance, has some news.
SNR on pre gonna open right above resistance maybe. LEE and MNI similar, also GCI as Preston mentioned.
argh didn’t check news. SNR a merger.
SPDE huge former runner on pre now. That is almost a no-brainer to buy out of the market open.
Ha! good call on “almost” … didn’t show one hint of momentum after the open so I didn’t buy, at least not yet.
SQNM had a nice jump at open and pocketed a nice profit… I’m just wondering if this is a good longer-term long though?
No clue … I don’t play bounces well and I don’t swing trade.
I nailed GSAE as it broke the mornings high of 1.05 … sold way too early at 1.32 though!
hi Reaper,
I am a lurker who started following you and Sykes since September, evaluating this strategy as a whole. Definitely seems legit – reminds me of the easy money in online poker pre-2006. Rode a modest 500 shares of GSAE to 1.70! If they filled a little faster, I’d have made out more. Much appreciated.
Glad to hear it trivoto! GSAE was just awesome, although higher risk as you can see how quickly it dropped off of the high.
I like MHSL as a short though I missed the high so far but it could still bounce some.
*MSHL, replce that.
COngrats guys, missed it all.
I’m linked to Covestor now.
http://www.covestor.com/mbr/preston
Cool! I am following you.
Yeah looks like a cool thing, now I don’t have to post my trades here. I will have a IB account soon, only thing stopping me now is being able to control my trading. Having 3 daytrades and 1 account is good for me until I know I can handle trading more often. I have a bad risk taking mentality that I have to watch.
Reap, you find any shares of CHIP? I’ve already nagged TOS three times this morning..
no
Nice timing, got tims text 2 seconds after I submited my comment 🙂
I aksed on TOS also and there weren’t any either. Can’t find any news on LEE except that it was back in complience with NYSE at the 9th. Wonder whats driving it up
ASTC had huge gain today.
GCI had earnings, all other newspaper stocks are up big today … MNI, LEE, JRN, NYT, MEG