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.
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.
Generally every day I try to target 2-3 stocks and trade max 2-3 setups only. I do not like getting involved in multiple stocks and be distracted. Today was one of those distraction days. I made 5 trades.
POT was the wrong chart to go short. It was continuously uptrending. I made the mistake of shorting it, even though I shouldn’t. I was actually very patient with it and short @ 110.10, when it looked like it will go below 110 and sell off. I am holding this one overnight with stop loss @ 112.10. Hoping to get a sell off to cover into.
CSIQ was shaky in the morning but once it broke past 21.75 (days high) it never really looked back. I bought really late @ 22.20. Turns out I was not really too late, as CSIQ kept spiking. I sold almost in the last minute @ 22.77, pocketing decent profit.
VISN looks to be reversing back from its multiple days of sell-off. I am long @ 8.70, holding it overnight. Hoping for 9.00+ price action to sell into. Volume is on the lighter side, (I like stocks with heavy volume). Hope it doesn’t crack back. Stop loss 8.30.
FSYS also looks like it might be reversing. It has taken a big beating from 50s to 30s now, in a matter of few weeks. I am long @30.20, hoping for more uptrend. I really liked the way it closed at 30.50. Ideally looking to sell around 32 level.
SNDK was a buy for me on break above 27. I bought @ 27.10 hoping for more up moves. Unfortunately it dropped back to 26.80s. I am holding it overnight with stop loss @26.45.
