Year: 2009

Keeping it simple tonight. Just the big ones … but boy are they nice.

WWPW – This is a pump. I am long as it is getting pumped a bunch more overnight, but it would be foolish to buy it at the open tomorrow. How did I know this was going to get a pump-a-thon tonight? I didn’t … but the clues were there. I’ll discuss that some more in my trade recap tomorrow.

SEED – Overdone move on transgenic corn approval in China. Short on red, long on green.

ABIO – Another overdone move IMHO … but I don’t trade based on what I think, I let the price action guide me.

NLST – No shorts today. I was looking to long this on green, but it would have been an easy short on the failure to go green today.Tomorrow it should continue to be volatile … I continue to look to buy on strength and short on weakness.

Disclosure: Long 1400 shares of WWPW that I intend to sell early tomorrow. 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.

NLST – I’d like to be long any gap up or red/green action early in the morning. Short on red, although the odds of a good short are lessened by recent consolidation.

DRAM – Nice breakout … Preston called it spot on in a comment Friday. I’m long red/green, this could go more considering hype around NLST. Watch the volume … this won’t be worth playing unless it can get volume; the volume spike is what really signaled the strength of the breakout Friday.

TTIL – Up strongly two days on earnings. I’m not interested in shorting it or buying it here.

AENY – I hate buying OTC companies, but this could be nice for continuation if it breaks aboe $3.10 with good volume.

CRXX – Has some gap to fill if it can go green another day. I’ll stay away, though.

DDS – Nice breakout and volume, but small ADR annoys me.

Disclosure: No positions in any stocks 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.

My profit today is largely due to InvestorsLive of the Investors Underground stock chat, who is good at understanding and identifying pumps; I played and profited off of BLAP after his alerts.

TTIL, BONT on watch as longs. I explain a bit in the video. CLDS as well. NLST still on short watch, but it is getting annoyingly choppy and borrows are mostly gone.

Trades today:
+    SLD    15,000    BLAP    false    Stock    .061    USD    SMART    09:33:26        4.57
SLD    15,000    BLAP    false    Stock    0.0600    USD    SMART    09:33:45        4.50

Daily profit: $449.17

Disclosure: No positions in any stocks 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.

Things I don’t care about: AENY & GGWPQ both have nice breakouts. I like to avoid trading OTC stocks unless they pump & dumps.

HEAT – Chart is overextended, but it is up on earnings. No easy play.

TWLL – Nice breakout on upgrade and increased guidance. Long on green.

VM – Nice breakout at $5.30. Long on green, likely to be a snoozer though, because it is a NYSE issue.

NLST – You should know this by now. Short on green/red or a break of $4.

Disclosure: No positions in any stocks 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.