Watchlist for Friday the 11th

Just two stocks on watch tonight, but they are two good stocks! Heck, who needs me for these watchlists? Preston already mentioned these an hour ago!

SNSS – Okay, news was two days ago, and yet it waited until today to really run. I’m short biased, but it could have another big day. This is my top watch (and probably is for everyone else, too).

snss

AKNS – Is news of selling their product at Lowes really worth a 50% gain? I will take my cue from the black candle and short with abandon on red! As always, I will not look to short if it gaps down.

akns

Disclosure: No positions in anything mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

50 thoughts on “Watchlist for Friday the 11th”

  1. HWD, MDW and UPI are potential breakouts, but like the rest of my b/o picks that either go in the opposite direction or sideways I’m surely wrong.

    Since I study every move you make and try to put reason as to why you make it I should get lucky every now and then.

  2. Preston dude, you really need to get some more self confidence, lol.
    You are doing great, I can see it from your covestor account.

  3. Preston get a blog up…

    blogger.com or wordpress.com
    Adsense and Analytics links to blogger very simple

    TradesPresto.com
    PrestoTrades.com

    I just redid my blog again…

    1. John, prestotrades made me really laugh last night. I will start considering a blog but I have a long ways to go and a lot to learn. I do appreciate the encouragement from qb and yourself.

      By the way qb, what is the name of your blog? I never knew you had one.

  4. Nat gas prices are set to rise, and speculative nat gas penny stocks are ones to watch. Check out PED, it ran nicely today. I think it could be one to pop..

    1. Terry, playing stocks like that for the reasons you talk about will lose you money 99% of the time, you will get frustrated very quickly.

  5. I thought you had an account at ToS that’s with Covestor, maybe that was Sogo.

    SNSS trying to bounce, this is not going to be a easy play.

    1. I tried shorting 1k on red, but I got out just now. This could go sideways for awhile or spike more. With no morning panic in sight I don’t really want to be short this right now.

      BTW, -$120 on my accidental short of 10,000 AKNS … this is the second or third time I’ve done that with Sogo … I really don’t like their platform.

    1. Hey, if you got out with a minimal loss, you still have your ass intact.

      I cut my earlier loss from going long SNSS by buying the breakout; didn’t play it well, but made $125

  6. I wouldn’t say that was a python squeeze but it was boa constrictor like. Enough for me to cover. Crap. If I had just waited for it to spike, then maybe go for a short. I think I forced this.

  7. Well there was a small profit there from 1.40 to 1.35 or so, so I have no excuse. And yes Michael your right, two months ago I might srtill be holding this wombat jackaloon of a stock right now.

  8. Speaking of Cali pharms, I missed SNSS, but do you think LJPC is due for a quick breakout? It’s always showing up on my screener if I remove the price filter.

  9. Well we suck, – Ducks for both of us, and now there are no shares at AMTD to short. Of course this stock is way above my head to play.

    1. Yep, I tried getting shares at 2.30ish, not saying I would’ve traded it but just checking on shares. Now it is clearly fading, but this thing could take off again.
      I am proud of myself for cutting my losses this morning, after looking back on it that could’ve been bad.

  10. another short oppty right about now. Oh look who showed up? Our old friend SEED. It may be due for another b/o after the first one.

  11. Reaper :

    I tried shorting 1k on red, but I got out just now. This could go sideways for awhile or spike more. With no morning panic in sight I don’t really want to be short this right now.
    BTW, -$120 on my accidental short of 10,000 AKNS … this is the second or third time I’ve done that with Sogo … I really don’t like their platform.

    so was Sogo’s “no shorting under $3” rule just smoke? I had account registration at Sogo pending when NLST nova’d but I put it on hold. It seems you are getting most of your non-IB shorts from Sogo so I may go back and complete it.

  12. I had the same question (sogo and shorting under 3)

    It did not let me short SNSS @ 2.30, I have the regular sogotrade though, changing to sogoelite now.

    1. Just promise not to get a margin call or anything … I want to continue to be able to short <$3 stocks at SogoElite! Of course, this from a guy who had half his account wiped out in an NLST gap up ... (I was hedged in my IB account at the time but I had to wire money over to Sogo to meet the margin call).

  13. My 2 big complains from Sogotrade: no after hours trade (this one first – solved once you move to elite) and no Level 2 access (get it from some other place) …

    I have some other complains like: their web interface, no direct access, no complex orders matching pre-entered criterias, no default sizes, etc… I can live with all that.

    I love their commissions and shares availability.

    I am only a part time trader and $200/mo for the soft goes beyond what I expect to pay. I probably would pay for it if I were a full time trader like Reaper and be profitable enough, of course.

  14. Reaper (or others if you care to comment):

    When a stock like SNSS has such incredibly high volume, does that super high volume by itself create more difficulties or challenges in the trade? It just seems with so much liquidity there on this day, it could be so slippery either way. Thanks in advance.

  15. I came REAL close to shorting SNSS, especially when you said this.

    “Previous support, when broken, becomes resistance. I am using that to my advantage right now.”

    Glad I didnt now, I would have ended up holding over the weekend, and even thought it will probably tank, I have better shit to do then worry about a BS pharma company popping out of the gate on monday.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please complete the formula below to prove that you are human * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.