Trades – Page 4 – Goode Trades

Trade recap for January 26th

Only one tiny trade today. I review other interesting stocks from the day in the video.

Daily profit: $57.72

+ BOT 300 VCBI false Stock 6.000 USD ARCA 14:04:34 1.50
+ SLD 300 VCBI false Stock 6.206 USD ISLAND 14:19:08 2.50

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

Trade recap for January 22nd: It is a wonderful thing to be flat

Not too terribly exciting of a day, but profitable and a nice end to the week. I hope you don’t mind too much my singing at the beginning of the video.

Trades at IB:
SLD   705   ICXT   false   Stock   7.30   USD   ISLAND   09:33:48       3.52
+   BOT   705   ICXT   false   Stock   7.230   USD   ISLAND   09:34:11       3.52
BOT   200   IDN   false   Stock   3.2800   USD   AMEX   10:24:39       1.00
SLD   200   IDN   false   Stock   3.3000   USD   ISLAND   10:26:38       1.00
+   SLD   2,000   IDN   false   Stock   3.110   USD   ARCA   14:54:32       10.00
+   BOT   1,000   IDN   false   Stock   3.020   USD   AMEX   15:20:29       5.00
+   BOT   700   IDN   false   Stock   3.040   USD   DRCTEDGE   15:27:05       3.50
BOT   300   IDN   false   Stock   3.0400   USD   AMEX   15:30:31       1.50

Daily profit: $490.30

Weekly profit: $1450.70

My best stock watchlist ever!

Some nice setups for Monday.

EcoBlu Products, Inc. (Public, OTC:ECOB) – I am short 30,000 shares from Friday. The pump is over and the main pumper, BestDamnPennystocks.com (which was promised $250,000 in cash to pump the stock) wrote in an email today, “To all my long time members I want to congratulate everyone on a sweet win to start the new year. With that said I believe ECOB has hit some resistance and is now done!” It is a no-brainer that the stock will fall more over the next couple days and I will look to cover during that time period. IB looks like it will have more shares to short Monday and if the stock does not gap down too much it would be possible to get short ECOB at a price not much worse than my $0.93 entry price.

American Lithium Minerals Inc (Public, OTC:AMLME) – Closed up just a couple cents Friday … I would probably have shorted it then if I had not been busy watching every tick of ECOB. This is a re-pump and it is up 100% in just four days so there is plenty of room to fall.

Bergamo Acquisition Corp (Public, OTC:BGMO) – Previously pumped carcass of a company looking like it had its first pump day Friday. I bought 10,000 shares near the end of the day at $0.2814 and sold 3,000 right before close at $0.34. I will look to sell into a likely gap up. I wouldn’t recommend buying this Monday … I just want to illustrate that the only two reliable ways to make money on pump & dumps are to buy very early in the pump or to short sell as the pump starts to fade.

ALKANE INC (Public, PINK:ALKN) – Screw paraffins! This is another pump. Some people I know at the Investors Underground chat (sign up using my link to save 15% per quarter!) are holding it over the weekend and they made money holding it the last few days. But from $0.03 to $0.38 in four days? If this shows weakness and there are borrows I will look to short. Hopefully it has another big up day first.

Luna Innovations Incorporated (Public, NASDAQ:LUNA) – Awesome breakout Friday. This is what happens when a $30m company (now $50m market cap) inks a huge deal with a huge company and it is meaningful. Notice the quote from ISRG in the press release. Also notice the huge breakout over LUNA’s September high of $3.29. Tim Sykes bought the stock at $3.36 right after the breakout. His TimAlert subscribers could have bought following the alert at $3.75 or so (I bought at $3.72 but sold quickly); LUNA went up to $4.90 in after-hours trading. I expect a huge gap and maybe some more of a run Monday.

Cyclacel Pharmaceuticals Inc. (Public, NASDAQ:CYCC) – Still two words, “cancer cure.” A small black candle Friday may not be the end of this company with some nice drug results and the possibility for lots of hype (and no, I don’t believe the hype). Might be nice to buy on red/green and $3.00 cross.

Pacific Ethanol Inc (Public, NASDAQ:PEIX) – Up 60% on rather fluffy news? I’m short-biased but probably won’t touch it due to other plays being better.

Motors Liquidation Company (Public, OTC:MTLQQ) – Up some more Friday, having now moved from $0.50 to $0.85 in a week … I’m still short-biased if it shows weakness.

Heartland Payment Systems, Inc. (Public, NYSE:HPY)– Good move Friday after it settled legal claims regarding a data security breach. $60m ain’t cheap but it won’t kill the company. A break above $15.15 would be huge.

SkyPeople Fruit Juice, Inc. (Public, AMEX:SPU) – There is seriously a company called SkyPeople Fruit Juice?!?!?

Disclosure: Short 30,000 ECOB and long 7,000 BGMO. No positions in any other stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

Trade recap for January 7th: Pumpity pump pump!

Another solid day. I could have done a lot better on IDN and I missed BKRS and JYHW, but I still did okay. And it is hard to argue with a fourth straight day of solid profits.

Trades at IB:
SLD   400   ECOB   false   Stock   0.9100   USD   ARCAEDGE   09:25:21       1.82
SLD   500   ECOB   false   Stock   0.9600   USD   ARCAEDGE   09:31:05       2.40
SLD   400   ECOB   false   Stock   0.9725   USD   ARCAEDGE   09:31:35       1.94
SLD   300   ECOB   false   Stock   0.9800   USD   SMART   09:32:12       1.47
SLD   400   ECOB   false   Stock   0.9900   USD   ARCAEDGE   09:33:13       1.98
SLD   500   ECOB   false   Stock   0.9925   USD   ARCAEDGE   09:33:23       2.48
SLD   700   ECOB   false   Stock   0.9975   USD   ARCAEDGE   09:34:42       3.49
SLD   700   CSGH   false   Stock   2.2700   USD   ARCAEDGE   09:35:18       3.50
SLD   500   CSGH   false   Stock   2.2700   USD   ARCAEDGE   09:35:26       2.50
+   SLD   5,000   CDII   false   Stock   2.100   USD   BATS   09:37:06       25.00
SLD   3,000   JYHW   false   Stock   1.2700   USD   ARCAEDGE   09:38:56       15.00
BOT   3,000   JYHW   false   Stock   1.2600   USD   ARCAEDGE   09:40:09       15.00
+   BOT   2,000   CDII   false   Stock   2.090   USD   SMART   09:43:22       10.00
+   BOT   3,000   CDII   false   Stock   2.097   USD   SMART   09:45:11       15.00
+   BOT   207   BKRS   false   Stock   1.330   USD   ISLAND   09:50:32       1.04
+   SLD   207   BKRS   false   Stock   1.500   USD   DRCTEDGE   09:54:50       1.04
BOT   1,200   IDN   false   Stock   4.0500   USD   SMART   10:15:54       6.00
SLD   600   IDN   false   Stock   4.1600   USD   ISLAND   10:25:07       3.00
+   SLD   600   IDN   false   Stock   4.200   USD   SMART   10:25:49       3.00
+   SLD   10,000   CDII   false   Stock   2.066   USD   ARCA   13:13:24       50.00
+   BOT   10,000   CDII   false   Stock   2.080   USD   DRCTEDGE   13:15:36       50.00
BOT   2,300   AMLME   false   Stock   1.2550   USD   ARCAEDGE   15:56:18       11.50

Daily profit: $419.03

Disclosure: Long 2300 AMLME. No positions in any other stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

Trade recap for December 16th: Failing utterly on SNSS

I have updated my disclosures and disclaimers, which is now upgraded to a terms of use. Please read it: http://www.reapertrades.com/terms-of-use/

I suggest reading the amusing exchange between Tim Sykes and The Lionmaster about EONC today. Here are Lionmaster’s first comment and Sykes’ first reply.

+   BOT   3,000   SNSS   false   Stock   1.850   USD   DRCTEDGE   08:09:08       15.00
+   BOT   3,000   SNSS   false   Stock   1.670   USD   ARCA   09:38:29       15.00
+   SLD   10,000   EONC   false   Stock   3.179   USD   SMART   11:36:09       50.00
+   BOT   10,000   EONC   false   Stock   3.130   USD   DRCTEDGE   11:37:42       50.00

Daily profit: $22.00

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

Trade recap for December 14th

Another day where I traded a lot of SNSS.

Daily profit: $733.16

Trades at IB:

+   BOT   2,500   SNSS   false   Stock   2.220   USD   ARCA   09:31:21       12.50
SLD   2,500   JYHW   false   Stock   0.7150   USD   ARCAEDGE   09:32:22       8.94
+   SLD   2,500   SNSS   false   Stock   2.300   USD   SMART   09:32:32       12.50
+   BOT   30   BRK B   false   Stock   3,300.933   USD   NYSE   14:13:11       1.00
SLD   1   BRK A   false   Stock   99163.00   USD   NYSE   14:14:05       1.00
+   BOT   800   SNSS   false   Stock   2.110   USD   SMART   14:24:30       4.00
+   SLD   800   SNSS   false   Stock   2.120   USD   ISLAND   14:27:43       4.00
BOT   300   BHWX   false   Stock   0.9000   USD   SMART   15:59:00       1.35

Disclosure: Long 300 BHWX, short 30 BRK-B, long 1 BRK-A. No positions in anything else 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.

Recap for Friday the 11th: Support, once broken, becomes resistance (with special guest Joe Biden)

I had plenty of trades today, all but one of them in SNSS.

Daily profit: ($479.00)

Weekly profit: $388.14

SNSS 1-day chart

SNSS 2-day chart

Trades at IB:
+   BOT   4,700   SNSS   false   Stock   1.487   USD   ARCA   09:29:48       23.50
+   SLD   4,700   SNSS   false   Stock   1.494   USD   ARCA   09:30:56       23.50
+   BOT   4,000   SNSS   false   Stock   1.550   USD   ARCA   09:32:34       20.00
+   SLD   4,000   SNSS   false   Stock   1.500   USD   SMART   09:33:22       20.00
+   BOT   4,000   SNSS   false   Stock   1.570   USD   ARCA   10:01:23       20.00
+   SLD   4,000   SNSS   false   Stock   1.611   USD   BATS   10:03:18       20.00
+   BOT   3,000   SNSS   false   Stock   2.020   USD   SMART   10:45:22       15.00
+   SLD   3,000   SNSS   false   Stock   1.957   USD   SMART   10:46:21       15.00
BOT   2,500   JYHW   false   Stock   0.6400   USD   SMART   15:48:24       8.00

Disclosure: Long 2500 shares of JYHW. No positions in anything else 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.

A first look at auto-trading Tim Sykes using Covestor Investment Management

About a month ago I signed up for Covestor Investment Management (CV.IM). I put $10,000 into a new account at Interactive Brokers controlled by them and then signed up for that $10,000 to be auto-traded following Timothy Sykes. I mainly did this out of curiosity to see how well the trade replication worked. Please note that only Sykes’ trades in one of his two Interactive Brokers accounts are replicated by those following his strategy on CV.IM (trades in his other IB account are replicated with the CV.IM Tim Sykes Aggressive strategy, while trades in his SogoTrade and ThinkorSwim accounts are not replicated anywhere).

My biggest problem with CV.IM is that it subdivides orders and then sends those orders at two minute intervals, guaranteeing that the last shares filled will be filled long after the first shares were filled [Edit 12/10/09 see comment #7 below for an explanation from Covestor]. While this may make sense to minimize market impact for longer-term traders, it is absurd to have an order-replication algorithm that does such a thing when trying to track a day-trader of volatile stocks. Even ignoring the problems with subdividing the orders, out of 7 total trades (three round-trips), 2 had initial fills over 15 minutes after Sykes’ order was filled (the initial short on DRAM and the buy on LZB). Because of this risk of delayed replication time I must emphatically recommend against signing up with CV.IM to follow Tim Sykes or any other short term trader.

Below are my round-trip trades so far and the comparisons to where Tim Sykes made the trade and when I received an alert from his TimAlerts trade alert service. First I compare my profit margin per trade with Sykes’ profit margins:

IMGG — Me: +14.3%
IMGG — Tim: +13.1%
Difference: +1.2% in my favor

DRAM — Me: (8.3%)
DRAM — Tim: +5.6% (approximate)
Difference: (13.9%) to my detriment

LZB — Me: (4.4%)
LZB — Tim: (2.0%) (approximate)
Difference: (2.4%) to my detriment

From these three trades I have lost a net of $30.78, including commissions and short stock borrow fees.

—

The first trade, IMGG, was replicated quickly:

My CV.IM account short sold 571 IMGG on 11/17/09 at $1.645 at 9:34:40
My CV.IM account covered 571 IMGG on 11/18/09 at $1.41 at 9:36:20

Tim Sykes short sold IMGG on 11/17/09 at $1.64 and I received the TimAlert email at 9:39
He covered IMGG on 11/18/09 at $1.425 and I received the TimAlert email at 9:38

For IMGG, everything worked well and both sides of the trade were replicated quickly and almost exactly at the same price Tim Sykes trades were at.

—

The second trade, DRAM, was not replicated quickly:

My CV.IM account short sold 131 shares of DRAM at $4.28 at 12:03:07.
My CV.IM account short sold 146 more shares of DRAM at an average price of $4.53 between 13:50:19 and 13:58:34. This was submitted as four separate orders spaced 2 minutes apart on average.
My CV.IM account covered all 277 shares of DRAM at an average price of $4.746 between 9:42:18 and 9:48:26. This was submitted as four separate orders spaced 2 minutes apart on average.

Tim Sykes short sold DRAM on 11/23/09 at $4.68 and I received the TimAlert at 11:46.
He short sold more DRAM on 11/23/09 at $4.59 and I received a TimAlert (text only) circa 14:25.
Tim covered all his shares of DRAM on 11/24/09 at $4.40ish and I received a TimAlert email at 9:47.

For DRAM, the first short trade was over 17 minutes after the TimAlert (so probably just about 20 minutes after Sykes actually made the trade). It was also at a price over 8% lower than Sykes’ trade. Because I do not have adequate records of when I received the second short alert, I cannot say how close the first trade at CV.IM was to it. However, there was still 8 minutes between first and last fill on the subdivided short orders. The cover orders began before I received the TimAlert, but the fills on the buy to cover orders were still over 7% higher than Sykes’ cover.

—

The third trade, LZB, was not replicated quickly:

My CV.IM account bought 123 shares of LZB on 12/8/09 at an average price of $10.125 between 15:24:18 and 15:40:28. This was submitted as five separate orders spaced 3 minutes apart on average.
MY CV.IM account sold those 123 shares of LZB on 12/9/09 at an average price of $9.761 between 9:52:15 and 10:00:16. This was submitted as five separate orders spaced 2 minutes apart on average.

Tim Sykes bought LZB on 12/8/09 at $10.00 and I received the TimAlert email at 15:06.
He sold LZB on 12/9/09 at $9.80ish and I received the TimAlert email at 9:55.

For LZB, even the initial buy order from CV.IM came 25 minutes after Tim Sykes bought and 18 minutes after I received the TimAlert. The fills on the sell were better, with the initial fills beating the TimAlert, but because of the spacing of the subdivided sell orders, many of the shares were not sold until after the TimAlert was received.

—

Here are the details from each of my trades copied from my Interactive Brokers activity statement:

Symbol

Date/Time

Exchange

Quantity

T. Price

C. Price

T. Amount

Comm/Tax

Basis

Realized P/L

MTM P/L

Code

Stocks

USD

DRAM

2009-11-23, 12:03:07

–

-131

4.2800

4.4800

-560.68

-1.00

-559.68

0.00

-26.20

DRAM

2009-11-23, 13:50:19

–

-57

4.5900

4.4800

-261.63

-1.00

-260.63

0.00

6.27

DRAM

2009-11-23, 13:52:35

–

-39

4.5900

4.4800

-179.01

-1.00

-178.01

0.00

4.29

DRAM

2009-11-23, 13:56:59

–

-28

4.4300

4.4800

-124.04

-1.00

-123.04

0.00

-1.40

DRAM

2009-11-23, 13:58:34

–

-22

4.4000

4.4800

-96.80

-1.00

-95.80

0.00

-1.76

DRAM

2009-11-24, 09:42:18

–

4.5750

5.3900

260.78

-1.00

243.52

-18.25

46.46

ML;C

DRAM

2009-11-24, 09:44:52

–

4.6900

5.3900

51.59

-1.00

47.00

-5.59

7.70

ML;C

DRAM

2009-11-24, 09:46:23

–

4.6400

5.3900

23.20

-1.00

21.36

-2.84

3.75

ML;C

DRAM

2009-11-24, 09:48:26

–

204

4.799608

5.3900

979.12

-1.02

905.28

-74.86

120.44

P;ML;C

Total DRAM

92.53

-9.02

0.00

-101.54

159.54

IMGG

2009-11-17, 09:34:40

–

-571

1.6450

1.4850

-939.30

-2.86

-936.44

0.00

91.36

IMGG

2009-11-18, 09:36:20

–

571

1.4100

1.2100

805.11

-2.86

936.44

128.47

-114.20

ML;C

Total IMGG

-134.18

-5.72

0.00

128.47

-22.84

LZB

2009-12-08, 15:24:18

–

10.1400

10.1100

223.08

-1.00

224.08

0.00

-0.66

LZB

2009-12-08, 15:26:17

–

10.1300

10.1100

222.86

-1.00

223.86

0.00

-0.44

LZB

2009-12-08, 15:28:14

–

10.1300

10.1100

172.21

-1.00

173.21

0.00

-0.34

LZB

2009-12-08, 15:36:14

–

10.1000

10.1100

111.10

-1.00

112.10

0.00

0.11

LZB

2009-12-08, 15:40:28

–

10.1200

10.1100

516.12

-1.00

517.12

0.00

-0.51

LZB

2009-12-09, 09:52:15

–

-5

9.8200

9.8700

-49.10

-1.00

-50.95

-2.85

-0.25

ML;C

LZB

2009-12-09, 09:54:16

–

-5

9.8200

9.8700

-49.10

-1.00

-50.95

-2.85

-0.25

ML;C

LZB

2009-12-09, 09:56:17

–

-5

9.7900

9.8700

-48.95

-1.00

-50.95

-3.00

-0.40

ML;C

LZB

2009-12-09, 09:58:19

–

-97

9.7600

9.8700

-946.72

-1.00

-985.98

-40.26

-10.67

ML;C

LZB

2009-12-09, 10:00:16

–

-11

9.7000

9.8700

-106.70

-1.00

-111.54

-5.84

-1.87

ML;C

Total LZB

44.80

-10.00

0.00

-54.80

-15.28

Total in USD

3.14

-24.74

0.00

-27.87

121.42

Disclosure: No positions in any stocks mentioned in this post. I currently have $5,200 subscribed to follow Tim Sykes at CV.IM. I receive a commission for every DVD or TimAlerts subscription bought through my affiliate link to Sykes’ web store. To see more details on my relationship with Sykes, please see my disclosures. I have a disclosure policy and you can find all my disclaimers there as well; those disclosures & disclaimers are incorporated by reference into this post.

Trade recap for December 4th

A nicely profitable day, but nothing too exciting. I had a great 14% profit shorting IFNY but I only got 1,500 shares of it before IB ran out.

IFNY 3-day, 15-minute candlestick chart

+   SLD   500   IFNY   false   Stock   1.676   USD   SMART   09:39:22       2.50
SLD   1,000   IFNY   false   Stock   1.65   USD   SMART   09:39:48       5.00
BOT   500   IFNY   false   Stock   1.47   USD   SMART   11:06:26       2.50
BOT   300   IFNY   false   Stock   1.37   USD   SMART   11:07:16       1.50
BOT   300   IFNY   false   Stock   1.39   USD   SMART   11:08:25       1.50
BOT   400   IFNY   false   Stock   1.39   USD   SMART   11:12:16       2.00
SLD   200   STE   false   Stock   28.90   USD   ISLAND   11:47:27       1.00
+   BOT   200   STE   false   Stock   28.870   USD   DRCTEDGE   11:48:42       1.00
+   SLD   3,000   BIOF   false   Stock   2.850   USD   DRCTEDGE   14:56:14       15.00
+   BOT   3,000   BIOF   false   Stock   2.800   USD   SMART   14:56:59       15.00

Daily profit: $450.75

Weekly profit: ($0.45)

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.

Trade recap: Another boring day, another $1k

Seriously, this is getting rather tedious …

As a follow-up to one of my comments in the video, Tweexchange does appear to work now.

Trades at IB:
BOT   500   NLST   false   Stock (NMS)   4.2600   USD   DRCTEDGE   08:10:51       2.50
SLD   500   NLST   false   Stock (NMS)   4.2400   USD   ARCA   08:12:33       2.50
BOT   10,000   BLAP   false   Stock   0.0450   USD   SMART   14:35:14       2.25
BOT   20,000   BLAP   false   Stock   0.0450   USD   SMART   15:22:02       4.50
BOT   2,000   AENY   false   Stock (OTCBB)   2.8100   USD   ARCAEDGE   15:36:10       10.00
BOT   2,000   AENY   false   Stock (OTCBB)   2.8100   USD   ARCAEDGE   15:36:40       10.00
SLD   1,000   AENY   false   Stock (OTCBB)   2.9500   USD   ARCAEDGE   15:40:20       5.00
SLD   1,000   AENY   false   Stock (OTCBB)   2.9900   USD   ARCAEDGE   15:40:46       5.00
SLD   1,000   AENY   false   Stock (OTCBB)   3.1000   USD   ARCAEDGE   15:42:28       5.00
+   SLD   1,000   AENY   false   Stock (OTCBB)   3.000   USD   ARCAEDGE   15:44:16       5.00

NLST 5 day chart

NLST 1 day chart

Daily profit: $1250.20

Disclosure: Long 30,000 shares of BLAP. No positions in any other 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.