The Best Source for Penny Stock Insight
Tomorrow I fly to Vegas. My posts will be lacking in video and shorter while I’m there (through Tuesday). Please see this post for further details on what I will be doing in Las Vegas.
Daily profit: $112.00
Weekly profit: ($1089.60)
Auto-tune versions of my trade recaps are coming … thanks to the suggestion of Tim Bohen.
Disclosure: No positions. I have a disclosure policy.
Not much interesting today. Just two more days until Las Vegas! There will be no watchlist tonight.
Daily profit: $406.50
Disclosure: No positions. I have a disclosure policy.
Another short watchlist. Two longs.
ADAT – long @ 1.70 could be nice.
ORS – long on green
Disclosure: No positions. I have a disclosure policy.
Just as I previewed in my watchlist last night, I shorted 5,000 shares of OPTT on red (I alerted this trade via Twitter too). I got whipsawed out and then chickened out after re-shorting. Tough loss.
Daily profit: ($1678.00)
Disclosure: No positions. I have a disclosure policy.
If you are going to Las Vegas for Timothy Sykes’ pennystocking seminar, or if you just happen to be in Vegas this coming weekend, why not drop by Dick’s Last Resort in Excalibur for the pre-seminar get-together. Tim Bohen has threatened to arm wrestle me and this is when that would happen. I intend to be there starting at 8:30pm. If you are interested, leave a comment below. If you are sure you want to join me, drop me an email (use the contact form) with your cell phone number. I will be wearing my handy-dandy French beret so that you can recognize me from afar.
I will be arriving in Las Vegas at 7:00pm. If you get in around the same time and are interested in sharing a cab from the airport to the strip (I’m staying at Excalibur), please contact me.
Also, if you are a fan of my blog and are obsessed with hearing my trading stories, I would not object to being treated to some quality food Sunday night (and know that my definition of quality may be different than yours). I don’t feel obligated to whore myself out for food, though; if you have other suggestions for how I should spend my Sunday evening and you believe your wittiness/intelligence/superior trading skills would more than compensate for not buying me food, please let me know.
Disclosure: No positions. I have a disclosure policy.
Okay, I sure ain’t The Doctor (who might say it like this), but if I were on his show as The Reaper then I would have to utter the line, “Just this once, everybody dies!”
OPTT – New contract announced, which is really just clarification and further information about an earlier announcement months ago. This did not gap up but gained strength throughout the day as day-traders got into the hot stock of the moment. It faded in the last hour. I like this as a short on red.
EMMS – Hmm, radio still doing fine. This chart looks nice for a long.Volume did not pick up until the afternoon.
Disclosure: No positions. I have a disclosure policy.
Pardon the lack of substantive blogging (and trading) over the last few days; I was in New Orleans for a friend’s wedding. Saturday night I took my wife out to dinner at Restaurant August, one of Gayot’s top 40 restaurants in the US in 2008. We both had the restaurant’s seven-course tasting menu. I also made sure to get some very good (and surprisingly cheap) pastries at Le Croissant d’Or in the French Quarter.
Daily profit (yesterday and today): $69.90
Me enjoying a beef fillet at Restaurant August in New Orleans (course 5 of 7):
Disclosure: No positions. I have a disclosure policy.
Short biased (pumps): AMLM, AMNP, IMGG, NPHC, TRET, SNWT, NXTH
Long biased: PIR – up big in pre-market trading, could see a third straight white candle today.
Disclosure: No positions. I have a disclosure policy.
Not to much on this watchlist, I’ve had a bunch of other things to deal with this weekend. I haven’t seen a really good short setup in over a week now.
TRXAQ – In bankruptcy, up big time Friday on no particular news, closed very strong. I expect follow-through. Long on green, short on red. Obviously nothing more than a day-trade, as this thing is almost certainly worth zero.
PIR – Strong move Friday, near 52-week highs. Could be good for some more Monday. Long on green.
CEM – Nice breakout Friday, could have more room to run. Long on green.
Disclosure: No positions. I have a disclosure policy.
My call of PLUG as a potential long was horrible. Yesterday it did gain nicely but it spiked in the morning (reaching its high around 10am) and then faded all day. The fade has continued today, albeit more gradually. A stock that spikes quickly and then fades all day is not likely to continue its upward move.
To correct what I said in the video, IMGG’s stock dilution from the PIPE they announced two days ago was only 40%, not 100%. Still, that is crazy dilution. With 370 million shares outstanding now the company has a market cap of $260 million.
Daily profit: $50.00
Weekly profit: ($380.64)
Disclosure: Short 5000 shares of IMGG. I have a disclosure policy.