Please note that I will be in a seminar with Tim Sykes all day Monday so I will likely not comment as much as usual here. My two stocks on watch are both small oil E&P companies, so keep in mind the price of oil if you trade them.
USEG – Up 65% Friday on big volume. It closed near its high of the day so I think it has farther to run. They are a small E&P company that just had some good news Friday.
ROYL – Had good news on Thursday, ran big, then just ran up a little Friday, hanging around $3.60 most of the day. This could be a decent short on proper fading price action to red.
NXTH – Beautiful pump and dump. If any chart ever looks manipulated, this one does. Likely no shares to short when it fails, but would be nice to short on red.
Disclosure: No positions. I have a disclosure policy.
I just asked Ben the tech guy to pin a mic on you, we cant here the questions and answers from you.
looks like NXTH does have shares to borrow at least pre market today. Tempting to reserve some
USEG is gonna be tricky, considering the RSI(2) is over 99. It could tank pretty bad this week
Vegas has been fun so far, met up with about 10 people last night at Dick’s. Too bad I missed a few people and too bad you couldn’t come, Preston.
PS- ALFFS = Always Look For Shares to Short.
I’m very glad you’ve had a good time, I too wish I could have come. Next time I will be there buddy.
Who won the arm wrestling match?
I am looking forward to tomorrow.
RNN pre-market leader with news, chart is messy though and it’s hard to spot a buy point.
AEZS is same way.
CRIC pre-market leader IPO, hard to find a buy point.
FIGI IPCS RNN HDY I see on pre. FIGI on 1 maybe?
FIGI big news tiny mkt cap
http://finance.yahoo.com/news/Fortress-International-Group-iw-1535097060.html?x=0&.v=1
BRING US SOME FIGI PUDDING!!!!!!!!!!!!!!!
I like it on 1 cross. Good chance I’ll play it.
FIGI resistance just over 1 long-term but w/ news I don’t think it matters much.
don’t like the spread on FIGI and that was a weak open.
Took $1 per share on VRMLQ … got out with a crappy fill. Only 200 shares.
Michael, I hate to ask you to do this, but I can’t see my webinar, all I get is a fuzzy screen. I am entering the password and the site is coming up but it’s not showing, or no sound or chat either.
During a break would you mind mentioning it to someone, I will not worry much but I wanted to see some of what he does live.
Thanks very much, if you can’t or don’t want to I understand.
Preston dude no problem. I told Ben (who is doing the video recording) hopefully he can figure it out.
Awesome Michael, it’s not on yet but I will keep trying.
I bet being there is awesome, I will regret this for a long time to come. 🙁
EXXI breaking out, but the news on earning doesn’t seen that great, potential short.
Don’t they have some way for you to contact them if there are problems, too? Joel & Adarsh aren’t around, maybe they would be the ones to fix that.
I sent Joel an e-mail, maybe he will get it. I don’t know how often he is checking that.
Thanks for everything, maybe we will get it worked out before the EOD.
Awesome, Joel just called me, now that’s service.
Short 900 EXXI @ 2.297, if I’m right it was momos that pushed this up.
ROYL and USEG turned out to be great shorts for me
Yeah, I might’ve played those if I’d been at home.
Oh BTW, the arm wrestling match between me and Tim Bohen has yet to occur.
I’m online and viewing Michael, thanks for your help. Joel fixed me up.
Glad to hear it.
+177.00 on EXXI, not a bad trade. After the initial spike the volume started to fade as the stock continued upward on a intraday chart, looked like a good time to short.
Bought 400 DDRX @ 28.985, alerted on my twitter. http://Twitter.com/reapertrades
mental stop at 28.50 … very loose, but that is intra-day support. Hopefully it can do another couple dollars/share tomorrow. $26 was a huge breakout and was a better play than what I’m doing.
DDRX tanked after it broke 28.50 … support matters. Now 28.12
I missed a good buy point in that last tanks due to my shitty connection. Debating whether to enter now.
Plus I have to hold overnight because my daytrades are gone, I will not risk it. I do think it’s a good trade though.
Damn, look at it go.
+1161.92 overall today. Thank you CBOU …