Category: Trades

Trade recap for September 15th

It appears that it is still not too late to sign up for Tim Sykes’ Las Vegas pennystocking seminar on October 18th and 19th. I will be in Las Vegas from Saturday October 17th until Tuesday October 20th and I will be staying at the Excalibur (yay for cheap rooms on the strip!). The seminar is truly a great deal as I explained in my earlier post on 8 reasons why you should go. For an investment of only $847 you get to attend a seminar that lasts for two full days (if you cannot attend, Tim offers the option of seeing a live webcast of the event), you get to meet such great pennystockers as myself and InvestorsLive of the InvestorsUnderground.com penny stock chatroom (not to mention Tim Sykes), you receive DVD recordings of the entire seminar, you receive one of Tim Sykes’ DVD packages of your choice, and you get to attend the wild and raucous pennystocking party Tim will hold at the end of the seminar day (at which I have foolishly pledged to buy a round of drinks for everyone and Tim Sykes will be goaded into doing likewise). So don’t be a party pooper and sign up for the Vegas seminar today!

Today I suffered more pain on GVBP as the pump continues. I cut my losses as it hit new highs late in the day (at $0.63); this was definitely the right choice as it quickly thereafter squeezed to $0.81. I had a nice little trade on RAME that was a nice breakout above $1.12; I wouldn’t have even noticed that had Investorslive not mentioned it in the InvestorsUnderground.com stock chat. I also shorted CNWI and will hold that for a few days or until it dumps … it is another pure pump & dump like GVBP but its upward momentum is already gone.

Daily profit: ($3,893.60)

Despite today’s loss I am currently in a week-long drawdown (in other words, I am back to the profit level I had a week ago).

Disclosure: Short 10,000 shares of CNWI. I have a disclosure policy.

Daily trade recap for September 10th and watchlist for September 11th

Video trade recap and watchlist. See my recap of my great trade on XSNX which was the only interesting trade I had today.

Daily profit: $1,602.90



Watchlist

QELP – up 103% on no news but huge volume. Could be good either way. Long on strength, short on green/red action.

RVEP – same deal, up 100% (but on tiny volume of 150k shares). Both of these are master-limited partnerships that deal with energy (likely pipelines). What that means is that if you trade them you will have to file a form 1065 (annoying).

QRCP – long on red/green or breaks to new highs tomorrow. $0.90 is an important point but it will be overextended if it hits that so I wouldn’t look to buy then.

INHX – up 100% on huge volume and no news in three days. Short on green/red and fading price action. This is my prime candidate for a trade tomorrow.

Disclosure: No positions. I have a disclosure policy.

How I made $1,600 (20%) by short selling pump & dump XSUNX, Inc (Public, OTC:XSNX)

XSUNX (OTC BB: XSNX) was pumped this morning by StockPreacher (whose pump of ALAN was an awesome short for me months ago) and Beacon Equity (both are owned by the same people). They were paid 900,000 shares by the company to promote it. Timothy Sykes had a good blog post about this pump. You can see the pumper’s disclaimer below. One nice little touch is that Beacon Equity’s disclaimers are images so it is harder to search to see how much they were paid for each pump.

xsnx_disclaimer
(click here for a larger 1-day chart of XSNX).

XSNX
XSNX

As a result of the pump the stock jumped from $0.12 to $0.22 in under 15 minutes. I sold short 35,000 shares at $0.202 at Interactive Brokers just as it started to fade off of its day’s high. The one problem with short selling such a cheap stock is it is not only not marginable, but short selling stocks under $2.50 per share requires $2.50 per share in cash. So short selling this stock required that I use $87,500 in cash. Still, It was a super-easy short with little risk. Except for the first minute, this trade was never in the red. The stock fell quickly with only anemic bounces. Just over one hour later I covered my short position at $0.156 when I got bored and netted $1,612.37 with a profit margin of 22.8%

By the way, it is still not too late to sign up for Tim Sykes’ Las Vegas Seminar on October 18th and 19th. If two more people sign up using my affiliate link in the next couple days then I will go to the seminar too! See my previous post on the seminar for all the great reasons you should go (and a special benefit–a phone consultation with me–for those who sign up using my affiliate link).

I should also point out that I informed my Twitter followers about my intention to short XSNX even before I got filled on my short sale order so any of them with Interactive Brokers could have easily made 20% shorting this pump & dump with me!

Disclosure: No positions. I have a disclosure policy.

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.

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.

Trade recap for August 26th: Scalping Vonage (VG)

I took Vonage  (VG) long and short today, but it was not ideal for a short. I also played a TimAlert. I wait with baited breath until tomorrow. I am back green on the week and I have made up for last week’s losses too. Not a bad day.

Watchlist

WAVE – long on strength, short on weakness.
VG – short aggressively on green/red.

Today’s Profit: $1280.17

Disclosure: No positions. I have a disclosure policy.

August 25th trade recap: I should take my own advice

I perfectly called Nexstar Broadcasting Group Inc. (NXST) as a long above the $1.88 break (see my watchlist last night), but a brokerage error and my hesitance caused me to miss the trade. If you profited from this, please let me know in the comments!

Today’s Profit: ($71.64)

Disclosure: No positions. I have a disclosure policy.

August 18th trade recap: Blah, day 2

It probably wouldn’t have been so blah if my quotes at IB had been working in the premarket. I missed huge gains in RTK and AXL. Instead I made $14.01 by buying RDN and AFN. Both AFN and RDN were pre-leader longs. I played them both well; they just did not continue to go up.

+    BOT    1,500    AFN    false    Stock    .920    USD    NYSE    09:33:55        7.50
+    SLD    1,500    AFN    false    Stock    .930    USD    DRCTEDGE    09:39:32        7.50
+    BOT    200    RDN    false    Stock    8.040    USD    SMART    10:42:49        1.00
+    SLD    200    RDN    false    Stock    8.120    USD    SMART    10:52:49        1.00
+$14.01

I also bought my 249 shares of ZRBA.

BOT    249    ZRBA    false    Stock (SCM)    3.75    USD    ISLAND    11:36:43        1.24

AXL I bought late in the day as it hit a new high. I played it too big considering how poor I am at these. If I had played it smaller I would have probably held overnight for a likely gap-up.

+    BOT    1,000    AXL    false    Stock    5.700    USD    SMART    15:35:32        5.00
+    SLD    1,000    AXL    false    Stock    5.750    USD    NYSE    15:37:33        5.00
+$40.08

MERC another fat-fingered short, far from ideal. I covered literally 10 seconds before it plunged 20 cents. Oh well.

+    SLD    3,000    MERC    false    Stock (NMS)    1.500    USD    SMART    15:50:08        15.00
+    BOT    1,500    MERC    false    Stock (NMS)    1.460    USD    DRCTEDGE    15:53:47        7.50
+    BOT    1,500    MERC    false    Stock (NMS)    1.500    USD    ISLAND    15:55:06        7.50
+$30

Today’s Profit: $84.09

Disclosure: Long 249 ZRBA. I have a disclosure policy.

August 14th trade recap: Nailed Newcastle Investment Corp (NCT)

Yesterday I wrote about Newcastle Investment Corp (NYSE: NCT), saying “Nice move today and after hours it broke multi-month resistance at $1.25. A buy if it breaks $1.25 during regular trading although if it gaps up it will be much riskier.” It opened at $1.23 and quickly broke above $1.25. I hit the ask at $1.30 to buy 1200 shares and soon enough it spiked above $1.50. I sold as it fell off that spike for a not very good exit of $1.43. Overall, a nice 9% profit ($144.00) on an easy trade. A better trader could have profited over 20 cents. I alerted NCT as I traded it on Twitter.

+    BOT    1,200    NCT    false    Stock    1.300    USD    SMART    09:32:13        6.00
+    SLD    1,200    NCT    false    Stock    1.430    USD    NYSE    09:37:10        6.00

My only two other trades today were CHINA and ZAGG, both of which were scalps off of TimAlerts. +$65 on the pair.

+    BOT    2,400    CHINA    false    Stock (NMS)    2.648    USD    BATS    09:56:45        12.00
+    SLD    2,400    CHINA    false    Stock (NMS)    2.660    USD    ISLAND    10:00:18        12.00
BOT    1,000    ZAGG    false    Stock (OTCBB)    6.1900    USD    SMART    10:31:47        5.00
BOT    2,000    ZAGG    false    Stock (OTCBB)    6.1900    USD    SMART    10:31:49        10.00
SLD    1,500    ZAGG    false    Stock (OTCBB)    6.2000    USD    SMART    10:36:01        7.50
SLD    1,500    ZAGG    false    Stock (OTCBB)    6.2400    USD    SMART    10:36:26        7.50

After I first published this post I made the following attempt at a fat-fingered short on MTXX, forgetting that MTXX has faked me out before. It is a little too high in volume to be good for this:

+    SLD    1,000    MTXX    false    Stock (NMS)    5.510    USD    SMART    15:30:46        5.00
+    SLD    500    MTXX    false    Stock (NMS)    5.600    USD    ARCA    15:32:49    BookTrader    2.50
+    SLD    500    MTXX    false    Stock (NMS)    5.600    USD    SMART    15:33:02    BookTrader    2.50
+    SLD    500    MTXX    false    Stock (NMS)    5.620    USD    SMART    15:35:34    BookTrader    2.50
+    BOT    2,500    MTXX    false    Stock (NMS)    5.604    USD    ISLAND    15:47:21        12.50

($115.66)

Today’s Profit: $93.34

Weekly Profit: $573.93

I am holding DNE over the weekend, although that is looking less and less attractive to me.

Disclosure: Long 10,000 shares of DNE. I have a disclosure policy.