Watchlist for September 28th: Short-a-thon!

It is not very common that I see so many good stocks on short watch for one day. Here are my top four, all potential shorts, though two could be decent buys if they exhibit continued strength.

VeriChip Corporation (NASDAQ:CHIP) – 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.

chip

Emergent Health Corp (Pink: EMGE) – The pump and dump du jour. Had its first red day Friday (which I messed up big-time trading) and more downside is likely. Short aggressively on red.

emge

Luna Innovations (NASDAQ:LUNA) – Up from $1.20 to $2.20 in one day on no news and insane volume in one day. It hit an intraday high of $3.30. This will move big one way or another. It will be a nice buy on green or a short on fading and red.

luna

Dataram Corporation (NASDAQ:DRAM) – Up from $2.20 to $3.97 in two days on huge volume and no real news. It was a beautiful technical breakout as it broke $2.40 and it broke longer-term resistance at $3.20. This could go either way, but I am short-biased. It should be traded like LUNA.

dram

Disclosure: No positions. I have a disclosure policy.

0 thoughts on “Watchlist for September 28th: Short-a-thon!”

  1. yea I noticed that on the their securities short list. CHIP right now seems to have a perfect fade right now to get in the starting of this week. DRAM scares me a little due to its chart voltility right now.

  2. I like DRAM, CHIP and LUNA as shorts with DRAM being the first if it breaks down tomorrow.
    CYTK looks like it had some consolodation last week and is at some resistance that if broken it could run nicely.

  3. IGC and HPJ both have nice looking break out charts, on watch for buys, both are at some resistance and volume was up on Friday.

  4. ASPM, COMS, CYTK Pre-market leaders.

    ASPM looks the best right now with news about a buyout. No resistance that I can see on a 1 year chart, has a steady uptrend and a nice looking chart.

  5. Damn, DRAM had a death drop, I wonder now if it’s still playable. I didn’t expect that, thought it would go up some first, looks to choppy now.

    1. Note — I removed the ticker of Tim Sykes’ TimAlert from your post out of respect for him. I don’t want his picks posted here before he publicizes them. Feel free to discuss them here as long as you don’t give out any details about the stock that would give it away.

      The answer is yes. I scalped the stock Tim just bought with 17k shares and netted $1920. That stock is always too choppy for my taste so I didn’t keep any shares.

    1. yes it was quick. I put in the best offer when it was still going up on 2.84 with only 2400 shares shown to the market and that got taken out quickly … I could’ve gotten another couple cents though. 🙁

  6. You people are my heroes! In 5 years, I plan to have 30k for day trading (to make sure the PDT rule doesn’t affect me at first), a quiet office to trade in (preferably away from the house), and a ful, year-long subscription to Reaper Trades (which I’m sure will be a pay site by then 😉

  7. I passed on it with no day trades to escape if it went bad.
    Nice trade though Michael. Haven’t done much today but look, in the middle of trying to set up my massive account on Covestor, with my slow connection it’s taking a long time.
    Ha, until you come out saying that you are entering into gays-r-us I guess I will keep signing up for shit, I have joined more stuff these last two months than I ever thought I would. 🙂
    You seem like you have a sense of humor so I hope that doesn’t offend you.

  8. I was kinda basing the degree of my ‘pun’ off of that, pretty hard to top him that’s for sure.
    Gonna be a wild time in Vegas with him there, no doubt about that. Hell he might even make a construction worker blush.

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