How I messed up an easy trade of Opexa Therapeutics Inc. (NASDAQ:OPXA)

In medicine they talk of “never events” or things that should never happen, such as leaving a surgical instrument inside a patient. Failing to buy OPXA on strong drug news today as it broke above its recent high of $2.85 was a “never event” for me … I messed up a trade with an almost perfect setup. It should have been an easy $1 per share trade from $2.88 to $3.88 or so. Learn from this so you don’t mess this up in the future.

opxa

By the way, it is still not too late to sign up for Tim Sykes’ Las Vegas Seminar on October 18th and 19th.

Daily profit: ($331.00)

Disclosure: No positions. I have a disclosure policy.

Watchlist for September 8th

EXXI – long on red/green or $1.50 cross, up big Friday on earnings release, could keep running

exxi

GTN – long on breaking $1.14, can run, sector is still hot

gtn

JAZZ – could be a flipper. Big technical break Friday but ran big already. Short on weakness, buy on strength.

jazz

BONU – promoted crap. Short on green/red. Shares likely unavailable everywhere.

bonu

NVTL – could be decent on red/green or break of $11.37, not a great history of running though. Tends to gap instead.

nvtl

IVAN – buy on break of $1.85 or red/green

ivan

Disclosure: No positions. I have a disclosure policy.

Trade recap for September 4th

I missed a beautiful breakout on JAZZ but made two nice quick trades off of Timothy Sykes’  TimAlerts.

If only three more people sign up for Timothy Sykes’ October seminar in Las Vegas using my affiliate link then I will come to the seminar too!


Daily Profit: $2,999.50
Weekly Profit: $3,561.16

Disclosure: No positions. I have a disclosure policy.

Top 8 reasons why you should attend Tim Sykes' 2-day seminar in Las Vegas on October 18th & 19th

1. Tim Sykes is the top-ranked trader on Covestor and he has been in the top spot for over a year.

2. The seminar is only $847 for two full days ($497 for one day). For getting access to Tim Sykes for two full days this is a very good price. For the price of the 2-day seminar you will also receive a complimentary copy of any of Tim’s DVDs (I recommend Pennystocking Part Deux, a $497 value). So in essence you are receiving two full days of small-group instruction for only $350. That means that you are essentially paying only $22 per hour of Tim Sykes time. Now that is a good price.

3. Attendees will receive a set of DVDs of footage of the entire conference (this only applies to those who who pay for both days of the seminar).

4. If you cannot attend, you can still see a live webcast of the conference! If you choose this option (only available for the full two-day seminar) you will receive all the goodies I mentioned above (free DVD set of your choice and DVDs of the entire conference). More info on the live webcast here.

5. He feeds you! As you can see in the photo below of me and Tim Sykes, there are plenty of tasty pastries and fruits for breakfast and the gourmet boxed lunches were also quite good.

seminar_1

6. The seminar is in Las Vegas! What can I say! It will be great to party it down with other pennystockers.

7. I attended last year’s one day conference and even though I had already purchased Tim Sykes’ DVD Pennystocking and I had been a TimAlerts subscriber for five months (having made over $40,000 in profits using Tim’s system during that time!) I still learned from the seminar. (Others who were less experienced learned even more.) Perhaps the most useful aspect for me was seeing Tim Sykes trade a stock during the seminar and seeing how he examined the trade, watched it, and decided to exit the trade. I also liked having the ability to ask him questions about how he thought of a stock’s price action as we were watching that stock during the trading day. I am sure this year’s conference will be even better because it will be twice as long and attendees will get to see how Tim does his research Sunday to find stocks to watch and see how he watches (and potentially trades) them the next day.

8. If six or more people sign up for Tim’s seminar using my affiliate link before September 11th, I will come to the seminar too and buy a round of drinks for everybody after the seminar is over [edit 9/11/2009 — I am definitely going now!].

Disclosure: I am an affilliate of Tim Sykes as well as a customer (although I did not become an affiliate of Sykes until after I had gained over $20,000 in trading profits using his system), having purchased multiple of his DVDs (I recommend Pennystocking Part Deux; it is by far the best) and being a Lifetime TimAlerts member. I own Pennystocking, Pennystocking 2, and TimRaw. I have a disclosure policy.

Watchlist for September 4th

Long

BGMO — technically this is a buy on red/green or $1 cross (hat tip to Preston for finding this); but this is a really sketchy pink sheet company so I will avoid buying it. If it spikes another day I may look to short.

bgmo

UTSI — buy on break of $2.43 or red/green

utsi
SHZ — buy on red/green or break of $2.00

shz

IPII — short on green/red or a gap down of less than 10 cents (with stop at red/green). It spiked just a couple days ago and fell nicely the next day.

ipii

Disclosure: No positions. I have a disclosure policy.

Trade recap for September 3rd

I messed up what could have been a nice trade in IPII and ended the day with a tiny profit.

+    BOT    200    SVA    false    Stock    10.320    USD    SMART    09:30:52        1.00
SLD    200    SVA    false    Stock    10.35    USD    SMART    09:31:12        1.00
+    BOT    200    OXM    false    Stock    16.800    USD    NYSE    09:33:47        1.00
+    SLD    200    OXM    false    Stock    17.370    USD    DRCTEDGE    09:35:44        1.00
+    SLD    2,000    IPII    false    Stock (SCM)    2.400    USD    ISLAND    10:16:31        10.00
+    BOT    2,000    IPII    false    Stock (SCM)    2.428    USD    DRCTEDGE    10:30:49        10.50

Daily profit: $39.50

Disclosure: No positions. I have a disclosure policy.

Watchlist for September 3rd: Lots of buys

K-V Pharmaceutical Company (Public, NYSE:KV.A) — buy on red/green or strength, although there is a bunch of resistance around $3.20 to $3.40, so not ideal

kv-a

The Medicines Company (Public, NASDAQ:MDCO)– buy on red/green or strength or on $11 cross or on $11.50 cross (look up large long-term chart to see meaning of $11.50).

Midway Gold Corp. (Public, AMEX:MDW)– buy on break of .93 (hopefull in two days)
mdw
Rubicon Minerals Corp. (USA) (Public, AMEX:RBY)– buy on red/green or strength
rby
iMERGENT, Inc.(Public, AMEX:IIG) — buy on 8.47 cross or 8 cross
iig

BONU — nice tank today, it would’ve been on my watchlist but I could never find shares to short.

Disclosure: No positions. I have a disclosure policy.