Trade recap for May 10th

People in Tim Sykes’ chat room were some of the first to know about the pump of MCGI:

[May 10, 2010 9:32:06 AM EDT]     Reaper    BDPS pumping MCGI
[May 10, 2010 9:32:06 AM EDT]     Reaper    My New Pick Is MedCareers Group Inc. ( MCGI ) MCGI Is Still My #1 Stock For 2010 and I Am Not Backing Away!

[May 10, 2010 9:33:55 AM EDT]     Reaper    woohoo MCGI I got a bunch at 1.60

Video trade recap:

MCGI intraday chart (click for larger image)
mcgi-small

Daily profit: $5,874.83

Disclosure: Long 2,500 MCGI and short 1000 AMEL. No positions in any other stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Trade recap: Market insanity edition

I missed all the good trades on the market panic but I live to fight another day.

Daily profit: $835.60

A new strategy of mine: playing bounces after huge panics. +$4 on two trades so far. Recent bounce plays I’ve attempted:

POSC – bought at low of .102, sold at .1075 (oops)
POSC_bounce

PDGO – Bought well at 1.44, sold half at 1.525, sold rest at 1.349. Lesson: risk is much higher the less a stock has dropped. My identification of where it would bounce using level 2 was correct, however.
pdgo

Trades:
+    BOT    2,500    AMEL    false    Stock    1.579    USD    ARCAEDGE    08:51:15        12.50
+    SLD    5,000    LEI    false    Stock    2.600    USD    SMART    09:43:14        25.00
SLD    5,000    LEI    false    Stock    2.6100    USD    SMART    09:43:20        25.00
BOT    5,000    LEI    false    Stock    2.5200    USD    ISLAND    09:44:57        25.00
+    BOT    5,000    LEI    false    Stock    2.496    USD    ISLAND    09:45:54        25.00
BOT    5,000    LEI    false    Stock    2.3300    USD    SMART    12:51:15        25.00
+    SLD    5,000    LEI    false    Stock    2.360    USD    ISLAND    12:51:38        25.00
10:14:05    PDGO    B    1.44    1000    ETMM
10:14:05    PDGO    B    1.44    1000    ETMM
10:15:35    PDGO    S    1.525    1000    NITE
10:17:09    PDGO    S    1.34    100    NITE
10:17:14    PDGO    S    1.35    900    NITE

Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

March & April pump & dump recap

No comments, just beautiful charts. Please let me know if I’m missing any big ones. I included all the biggest pumps and most of the smaller to medium pumps.

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amcg

inknd

blug

—

bgbr

clrh

mseh

—

amel

grpr

lmco

alme

srgl

—

lyjn

ewpi

frhv

mlmn

—

attd

fvsta

vivk

blew

—

bgem

imuc

oogi

skto

sttn

vkng

twwi

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mcgi

—

SPNG – Wasn’t promoted since last summer, but it finally saw its executives arrested.

spng

Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Trade recap for May 3rd: Scalp better!

A green start to the month. Who cares if I didn’t bank coin today … I like to start off in the green and that is what I did.

This post brought to you by Scalpicin (TM). “Scalp better with Scalpicin!”

scalpicin

Trades today:
15:16:03    INKND    B    0.31    5500    NITE
15:58:05    INKND    B    0.34    7000    NITE
15:15:37    INKND    B    0.31    1500    NITE
13:08:15    INKND    S    0.28    4850    NITE
13:06:04    INKND    S    0.278    600    NITE
09:54:15    INKND    S    0.3    5000    NITE
13:03:39    INKND    S    0.27    4550    NITE
09:53:17    INKND    S    0.3098    5000    NITE
13:00:23    INKND    B    0.2801    10000    PFSI
11:14:01    INKND    B    0.31    5000    NITE
09:31:03    EVSI    S    0.33    5000    NITE
10:06:12    ACLH    S    0.045    10000    NITE
10:03:53    ACLH    B    0.043    10000    NITE
11:44:15    INKND    S    0.319    5000    NITE
09:40:41    INKND    B    0.285    10000    NITE

+    BOT    5,000    APPY    false    Stock    3.870    USD    SMART    09:35:01        25.00
+    SLD    5,000    APPY    false    Stock    3.903    USD    ISLAND    09:36:32        25.50
SLD    2,000    CHGY    false    Stock    2.5700    USD    SMART    12:00:24        10.00
BOT    2,000    CHGY    false    Stock    2.4600    USD    SMART    12:05:33        10.00

Daily profit: $397.30

Disclosure: Long 14,000 INKND & short 5,000 AMEL. No positions in any other stocks mentioned. Scalpicin (TM) has not approved this blog post and is not an advertiser. The above image and accompanying “motto” is a joke and a bad one at that (although the link is my affiliate link to Amazon.com). This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.