Watchlist for for the second to last happy prime number day in October

As evidenced by the title, I’m bored with my prosaic titles and with my trading at the moment.

AWSL – Balls of steel can be bad, at least when it comes to buying pump & dumps. Too bad I couldn’t get shares to short.
awsl

NXTH – Please stop this pump so I can take it off watch. It just keeps going 3% per day.
nxth

AMLM – Accelerating gains are usually the sign of impending doom, at least for pump & dumps (reminds me of GVBP). Those who were long and didn’t get out quickly this morning have only themselves to blame.
amlm

MEVT – I tried to short today at $1.02 and $1.00 after it faded off of its pumped highs, but couldn’t get an execution. I like it as a short on red tomorrow.
mevt

RDCM – Volatile, but not a clean pattern. I won’t trade it. An efficient scalper might try long on green / short on red. Volume is low too.
rdcm

IRBT – Nice earnings runner today. Nice breakout, although resistance from a year ago. Might be nice for follow-through on green tomorrow.
irbt

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy.

0 thoughts on “Watchlist for for the second to last happy prime number day in October”

  1. I went long on AWSL and AMLM… and got out just before they both TANKED!!!
    lucky save $-30.
    I also didnt have shares reserved for AWSL… thought Ira at TOS told me i did…

    Can you guys look at HLCS?
    http://stockcharts.com/h-sc/ui?s=hlcs
    you have 50 day moving average…
    support at 2.20
    and the stock appears to be Oversold…

    Think it’ll bounce?

    1. I don’t really trust MAs in penny stocks. I think they’re better for high volume, liquid, billion+ cap stocks or for entire markets. I will use 10-day MA on charts, for the least lag, just to see if anything is there though.

  2. DSCM broke 52 WH today on decent volume, it could run higher. Resistance on a 2 year chart is 3.50ish, if it broke that it could run higher.
    There really are a ton of stocks with good breakout charts and they have, or have had earnings reports .
    Strange time for me seeing this, it has changed aspects of charting and I can’t really put a finger on it.
    After watching Tim at the seminar search for stocks it really makes me realize how much I have to learn. It’s funny when I see a question on your blog asking if Tim’s service is worth it, I’m thinking they have no idea what it’s worth really.
    But it is true what you say about piggy backing his trades; If that’s all your in for then you might just get pissed off and quit.
    It’s funny today, or this morning when I was watching USEG during pre-market and I was up a small amount I knew I should have pulled the trigger and sold but I didn’t. When someone else is doing the thinking for you, you will no doubt have to wait for them to tell you to buy and sell, you are dependent on them for everything. You might think you can act differently but it’s hard when you follow an alert because you have not found the stock and you are not intimately attached to the trade so it’s harder to make decisions for yourself. At least for me it is, maybe with more experience I can decide without hesitation to pull the trigger, but that’s quiet a ways off for me.
    Another ramblin post. 🙂

    1. Yeah, I still have issues with following Tim’s trades … remember OHB? That is why I mostly scalp them unless I really like the trade for my own reasons.

      DSCM nice, a little low volume though. Small ADR too.

  3. Type your comment here

    Preston :

    DSCM broke 52 WH today on decent volume, it could run higher. Resistance on a 2 year chart is 3.50ish, if it broke that it could run higher.
    There really are a ton of stocks with good breakout charts and they have, or have had earnings reports .
    Strange time for me seeing this, it has changed aspects of charting and I can’t really put a finger on it.
    After watching Tim at the seminar search for stocks it really makes me realize how much I have to learn. It’s funny when I see a question on your blog asking if Tim’s service is worth it, I’m thinking they have no idea what it’s worth really.
    But it is true what you say about piggy backing his trades; If that’s all your in for then you might just get pissed off and quit.
    It’s funny today, or this morning when I was watching USEG during pre-market and I was up a small amount I knew I should have pulled the trigger and sold but I didn’t. When someone else is doing the thinking for you, you will no doubt have to wait for them to tell you to buy and sell, you are dependent on them for everything. You might think you can act differently but it’s hard when you follow an alert because you have not found the stock and you are not intimately attached to the trade so it’s harder to make decisions for yourself. At least for me it is, maybe with more experience I can decide without hesitation to pull the trigger, but that’s quiet a ways off for me.
    Another ramblin post.

    give a man a fish he will eat for a day, teach a man to fish and he will eat forever. Eh Preston? 🙂

    1. I am definately learning to fish following this blog, did I ever tell you thanks for for telling me about this blog Tasty. If I did then telling you again will not hurt.

  4. Surprised no one asked about happy primes … doesn’t anyone practice recreational maths anymore? (Dr. Who reference, anyone?)

    Pre so far: amzn, hway, sorl, cit, syna, crbc, nak, cof

    1. No. I bought MEVT yesterday and I will sell today. AWSL and AVOE I haven’t got yet, but are interesting. Little ammount.(sorry for my english)

  5. AVOE another pump, was penny stock chaser yesterday.

    everything on pre that is interesting looks to gap above resistance. CRBC tons of resistance everywhere.

  6. Denny — I linked to my video tutorial on how I do that in response to your last question about that a day or two ago.

    denny :

    reaper, could you let me know about ur premarket scan details/formula?

    Thanks

  7. I recieved AVOE as well.

    Alex, didn’t you play WDAS a few days ago too, are you playing with technical information or some other form of analysis. And don’t worry about the English, I worked in Chile and visited Argentina several times. I took spanish for a full year but I didn’t get much better at it.

  8. Magic square anyone? This one is a gnomon magic square.
    16 3 2 13
    5 10 11 8
    9 6 7 12
    4 15 14 1
    A little recreational math for our fearless leader 🙂

  9. I missed CORT, but I have learned if your going to play these runners short you have to wait for the volume to get over 750k shares traded, if not it could spike on you. Maybe I should look to adjust that during different times of the trading day, or depeding on the news. CORT had no news as a catalyst so maybe that should make a difference when your planning your entry and exit. No doubt this is not a great strategy but it has worked for me very nicely, and even better than that it’s the first pattern I have ever developed and traded so it’s exciting to watch it play out. You can clearly see that the first few minutes on their chart it was momos moving the stock, I have to get better at deciding very quickly what to do.

    1. Look at time of day as well, and also price action. A lot of times these things go vertical and then crap out.

      ALGN a good example of that today, I took it for 50 cents ($112) on the long side.

  10. Nice on ALGN, and a good example. I have a theory that during earnings season the money is spread out more so that the amount of stocks being pushed up is higher but the percentage they are being pushed up is lower. For example; I have a scan set in my platform for supernova, a couple weeks ago it was nothing to see several stocks in there that were up well over 50% with a million shares traded, now I am not seeing that. What I’m seeing is more stocks up but not as much and shres traded are not that high, I have adjusted my live scan to a lower percentage and lower volume to pick these up. This is throwing me off on my trading until I get a measure going that I can depend on, it’s great just talking about this because 2 months ago that’s what I set out to do, to have conversations about stocks and strategies. I have always said that money is a by product of trading consistently, I stand by that.

  11. Type your comment here

    Preston :

    I am definately learning to fish following this blog, did I ever tell you thanks for for telling me about this blog Tasty. If I did then telling you again will not hurt.

    Np don’t give me too much credit. Your successes (and failures!) are all your own. Been pretty impressed with how quickly your learn.

    Besides I told people about this site mainly to help reaper get the love he deserves.:)

  12. Reaper- just noticed you are making DVD on SEC filings.(Your new disclaimer tipped me off)

    If it helps Ive been using this site a lot lately
    http://secwatch.com

    It has a function that allows you to search by types of filings (e,g, say if you wanted to see all the recent sc13ec filings to find another ZRBA) and it’s free. 🙂

  13. Type your comment here

    Reaper :

    Yes, they love me! They all love me! Except for portefeuille … lol

    Really Hans doesn’t dig you? hah that’s funny he kinda reminds me of a German OCD version of Reaper circa 2007. He’s all into the value investing thing Klarman style.

  14. Type your comment here

    Reaper :

    He’s also a believer in naked shorting conspiracy theories. Thx for the link, very nice site.

    Oh well that’s pretty dumb.

    I wasn’t aware of that, I must have missed that conversation.

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