12 Stocks that I will be watching for 23rd April

Posted by Stock Online Trader in Watchlist on 04-22-2010

ANTF has nice runup from 1.40 to 3.06 close. The interesting thing is that the volume is fading now. Can this be end of the runup ? Just watching.

BGBR is scammy/junky stock. Hard to find shares otherwise this is no-brainer to short.

IBCP has huge spike from 0.70 cent to 1.90 before closing 1.46. Huge volume today, however faded after the spike. Need more spike to short into. Just watching

FNBN is similar to IBCP, spike from 1.00 to 2.10 before fading to 1.68. Need more spike. Up on only sector news.

RVSB is in same finance sector as FNBN and IBCP. Up from 2.25 to 3.47.  However it closed on high note 2cents below high of the day. Just watching.

CADE doubles from 2.00 to 4.12 in matter of a week. This has legs. Wait and watch

ARRY dropped on downgrade. It closed at 3.71 and might be heading lower. This is pure scalp play, since not huge downside.

CUR has good base at 2.00 and now spikes to 2.99 close. With break of 3.00 this will possibly go higher. I am watching for short entry.

DRL tries to bottom out at 5.50 and spikes to 6.40 yesterday. However today it sold off to 6.10. Tough one to play. Not sure if 6.00 is a good support or not ?

PURE finally spikes out of boredom range. 2.50 looks like a good support, and its trying to trend higher now. I wanted to short it below 2.50 support. Now no real play yet. Just watching to see if it breaks 3.00 resistance.

INTT spikes on positive earnings new. However it did not hold up its gains. Is it a short below 3.00 ? Not sure, probably wont play.

ROHI has gone crazy and possibly the best short out there. Up from 60 cents to 2.80. How higher can it go ? Hard borrow though. I got a jab at it with small short @2.73

Trade Plan For 22nd April – 11 Stocks I Will Watch Closely

Posted by Stock Online Trader in Watchlist on 04-21-2010

ANTF spikes from 1.50 to now 2.77 finding good support at 2.00. I couldn’t find any specific news for the spike. Watching for short on green/red

CHCI tried to breakout again over 2.00 but sold off, sitting at 1.90. No real news for the spike. Potential short on excessive spike

CIDM makes a second attempt to runup back to 3.00. Watching closely for potential short below 3.00 resistance

CUR spikes from 2.00 to 2.80 yesterday, but faded today with low volume. Is it just consolidation or more selloff to come ? Hard to say. Just watching for now

DRL gradually goes higher after gapping down 2 days back from 6.50 to 5.80. It bottomed at 5.50 and is back up to 6.43. 7.00 holds key resistance. Potential triple top at 7.00s

ENCO fades all day dropping 8%. Get opportunity missed on morning spike to 4.40. Now sitting at 3.86. Too late ? Just watching for fun. Will possibly fade back to lower 3s

HAFC could be a potential short if it breaks below 3.00. Otherwise above 3.25 it looks ready to spike more. No play yet.

KERX fades 4th day in a row from 5.00 to 4.25 now. Was a good short below 4.50. Missed it today. Waiting for a spike to short into.

MBTF puts up a quick spike from 1.30s to 1.80s. Now fading back to 1.67. Nothing special to play yet.

PURE is boring the hell out of me now. It is playing range bound from 2.60 – 2.75. Waiting for move either way to take a position long or short

ROHI puts up an impressive spike from 0.80 cent last week to 2.58 today. After the intial morning spike today, it has stayed flat. Could it be the end of the runup. Watching for green/red action to short. Hard to find shares though.

Trading Day With All Winning Trades

Posted by Stock Online Trader in Short Selling, Watchlist on 03-09-2010

AENY is an OTC stock pumped by stock pumpers using promotional mailers. I shorted AENY @3.37 when it looked like the pump of its low was looking weak. Covered my position @3.18, playing it safe.  This looks ready for morning panic, but I did not want to hold it overnight and risk my profits.  Potential re-short if we get a spike tomorrow to 3.40 levels.

PRGO has been nicely selling off since last 4 trading days. I shorted it once it opened below 50$ today. It was much easy short, with higher risk reward.  I shorted @49.94,  with stop loss on break above 50. I had limited downside on my trade versus higher reward.  My patience was well rewarded as it never breached 50$ and kept going lower and lower. However I did not keep my patience and covered way way too early @49.82.

POT is one of my regulars I play every now and then. It was trending up the whole day, but in the last 2 hours of trade, it got weaker and weaker. I took this opportunity to short POT @ 117.97. I was rewarded immediately to POT falling even more. I however covered my shorts @117.55, again being very early . It dipped below @117, where I should have ideally covered.

Important lesson learnt. Do not chicken out of winning trades and let it play out its pattern.