I’m flying back from Las Vegas, where I had a grand old time meeting a bunch of pennystocking degenerates (and Michael Covel). It was good hanging with all y’all. And remember, what happens in Vegas, stays in Vegas …
I barely traded today because I had a sketchy wifi connection and I am much slower trading on my laptop than on my home computer. If a situation is not ideal, don’t trade.
Daily profit: ($39.00)
SS 500 CBOU @ 9.01
Coverd 500 CBOU @ 9.09
On Watch
CHFI — Nice big spike and some fading today. It should go red tomorrow and then tank.Β I would short on red. ALFSS.
TMI – The new Superman pump. I won’t play it.
TSTC – Nice breakout today to all-time highs. Potential long on green, although it did go up a lot today and isn’t as cheap as I like.
NXTH – The blatant manipulation continues. While I have no proof the stock is being manipulated higher, the gradual uptrend with almost no dips is indicative of manipulation. ALFSS.
Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy.
Maybe you already answered it, but what is ALFSS ?
Always look for shares to short.
Anyone else looking at ZHNE? Rising pretty good throughout the day today and earnings being reported in about half an hour (5:00 pm EST). I’m very new to all of this, so I’m really just looking for opinions from everyone else and don’t take my word as something worth pursuing.
WDAS has a good pump going, it could run higher. They have some very serious press releases, that don’t amount to crap really, but people are buying bigtime.
Any thoughts on RDCM or USEG for a short? Looks like tomorrow is tank day for USEG but since I am a newbie, would love to hear Reaper’s and others’ thoughts π
6.00 is the critical support for USEG, wait for it to break that before going support.
RDCM had its first run up, ideally wait for this spike to fade away (green/red action) before shorting it…
RDCM nice find Sandra. I would’ve looked to short it on red today if it had better volume / smaller spread.
USEG has had a few days since news and hasn’t fallen much. I doubt it will. Seems to be consolidating to me.
BTW Sandra, I think you win the award for most vivid use of color in an avatar.
RDCM looks like a good play on red, the volume was decent today and I tried to get shares to short but ToS didn’ thave any. I’m not sure that I would’ve sold them but I did try at a higher price.
USEG could tank on red, but I would be quick because a bounce would follow, with it being a oil play I would keep my finger on the trigger.
SLM is a pre-market leader with better than expected earnings, it has resistance ahead that needs to be monitored. A clean brekout would be above 11.50 or so, but it could be nice for a gain below that.
What is the deal with Superman since we are talking about TMI?
the guy is on thelion all the time it seems, hyping his “entertainment” picks
Is he a frontrunner? Pumper? I haven’t quite figured out his game.
his picks do usually seem to get some traction and I’ve bought a couple when I’ve thought they actually are a good investment (Not SKBO/SKBI, ugh what a POS. if I read their 10Q correctly they claim to sell more of one type vaccine then the world has people). But I trust the guy about as far as I could throw him.
luvb2b had a heck of a nice entertaining takedown on SKBO on seekingalpaha
http://seekingalpha.com/user/473299/comments
He’s like The Lionmaster. He is a good trader, but a lot of what he does now is benefit from all the followers he has.
Type your comment here
hunh well that makes sense. Also makes sense why he’d leave his blog free.
PLMO is breaking out, it’s OTC though, not sure how to play it.
It just dropped from 1.40 to .88 in seconds, that why I can’t play OTS stocks. π
PLMO again 1.04….
PLMO is having a buy recomendation today from Penny Stock Chaser. AWSL and WDAS too. But is penny market.
Have you looked at WDAS for a potential short went the pump is a dump, or do you think the move is justified. I read some of the releases and it seems like fluff to me, but I am not very good at that type of analyzing yet.
don’t like that it doesn’t have much of a trading history. I’m not eager to short.
Bought 1.31… i’m waiting for sell to 1.80
Anyone catch HMNF? I’m crushing a paper trading online game with it π
PIR may go red on the day, potential short, volume not bad but a little low.
SLM getting close to breaking old resistance at 11.75 or so.
CASB running good
That’s the power of a low-floater. If I’d been less jet-lagged and hadn’t missed most of pre-market I might have longed it. SPDE another great low-float stock I missed by a couple minutes during lunch.
Look at CTDC, up good on no news I can see, maybe a short on red tomorrow. AMTD has no shares.
nice catch Preston. On short watch. Low mkt cap though — $65m
PIR breaking down.
Nice break on CTDC and PIR.