The next pumped up OTC stock that is due for a fall: Nutra Pharma Corp (OTC: NPHC). I shorted this today and covered for an easy $776.65. I had a few other small trades today. Tim Sykes has a good post on Nutra Pharma.
IB trades:
+ BOT 900 VSR false Stock 5.400 USD ISLAND 09:30:10 4.50
SLD 900 VSR false Stock 5.45 USD ISLAND 09:31:50 4.50
+ BOT 400 HOKU false Stock (NMS) 4.105 USD SMART 09:41:11 2.00
+ SLD 400 HOKU false Stock (NMS) 4.110 USD SMART 09:41:51 2.00
+ SLD 10,000 NPHC false Stock (OTCBB) .830 USD SMART 09:46:35 41.50
SLD 500 NPHC false Stock (OTCBB) 0.8300 USD SMART 09:46:35 2.08
BOT 1,500 NPHC false Stock (OTCBB) 0.7370 USD SMART 09:51:14 5.53
+ BOT 5,000 NPHC false Stock (OTCBB) .750 USD SMART 09:52:07 18.75
BOT 4,000 NPHC false Stock (OTCBB) 0.7500 USD SMART 09:52:07 15.00
Daily profit: $781.20
Disclosure: No positions. I have a disclosure policy.
No watchlist tonight. There isn’t anything really interesting. BTW, I nailed my prediction of GSAE today. It should fade more tomorrow.
From my watchlist last night: “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 prediction last night of a 30%+ gain today was correct and I nailed it for 22% (I also tweeted my trade). Tomorrow it should fade. There will be no shares to short, though.”
This mask company Alpha Pro Tech (APT) is breaking down from a supernova. They got a full segment on CNBC this morning bc they sell protective masks for swine flu. Only $100 mil market cap. gap up and very unusual volume. Chart’s messy right now but maybe good for short bias soon. Wish I knew EPS guidance.
it looks supernova like on 2 year chart that is.
Yeah up from $0.80 in March, but up too slowly for my taste. Slow to rise = slow to fall, usually, except for true pump & dumps.
NENE … volume picked up in the last two days, lots of fluff coming out… recently on Fox Business…. looking to break 1.20 resistance. With the amount of news its had and consolidation, i think many will feel secure with this as an investment.
EDWY – went up 62% from .90 breakout to .15…
Has been fading away and is down another 16% No longer a play….
VICL, just awarded contract with the Navy, possible pre-market leader.
CHTP is showing some strength but it has a huge gap down in its chart that it has to fill, not sure how to evaluate that.
yeah and that gap down was on news … not interested in CHTP
CPRX is breaking out on low volume.
Nice call on CPRX Preston!
Another lesson learned; DO not look at a break out stock after the market has opened on a 5 day 5min chart. After I switched to a 1 day 1 min chart the break of HOD looked more significant and playable, you can clearly see the consolidation before it broke the old HOD.
wish I could short this one. Can’t for stocks under 2$ i believe in TOS for me.
Ameritrade has shares now.
I’m short 800 Shares of CPRX at 1.61.
You can track me on Covestor.
http://www.covestor.com/mbr/preston
Oh wait I can short NPHC. Finally covered LUNA at 1.91. Great short. Wish they all went this way lol. NPHC looks good , except its under a 1$ which kinda scares me a little.
what broker, sm?
sure u wanna short CRPX when its in the green like that preston?
reaper, TOS support said they had some shares but not above 1000. Probably timalerts subs.
seems all the supernova stocks that we shorted aren;t there anymore. My tracker can’t find any new ones lol. The only one thats semi holding is CHIP
Out CPRX @ 1.389 + 176.00. Not a bad trade.