I got wacked today by SQNM. was hold some at 6.24 when it got halted. I bought more at 2.97 in the after hours and sold everything in the premarket for a nice sized loss. What irked me the most was the stock ripped out of the gate and I could have halved my lost if I just held on for 30 minutes. I exited at 3.34 and the stock never saw that price again after the first 2 minutes of trading. I was spooked by the downgrades to .50 and 1.50. In the end they may be right, but for today with the shorts covering and the bargin hunters and non-believers buying up stock, it was a perfect opportunity to trade out of the loss.
This loss was my fault, as I had planned to exit this positon for a few weeks now and had many opportunities to. I really should have dumped after 3 or 4 spikes above 6.10 were smashed with selling over the last 2 weeks. In hindsight it was a good sign and I will remember if for next time.
I has chances to make back the loss today but was not into it and took time to relax and go see my daughter run a cross country race. The best lost money ever spent.
I'm re-focusing now and plan to make back the loss and some by weeks end.
Tuesday, September 29, 2009
Thursday, September 24, 2009
Trades for Thursday, September 24
Sold my (YRCW) swing in the pre-market at 6.11
Sold my (GNVC) swing in the pre-market at .91
Scalped (CHTP) 3 times; in 1.75 out at 1.98, in at 1.90 out at 2.00, in at 2.00 out at 2.18
Scalped on (MNTA) in at 11.01, out at 10.83 for a .18 loss
Scalped (SQNM) in at 5.73 out at 5.67 for a .06 loss
I made a video, but it had some static towards the end. I am trying to upload it now and will post it if it's accepted.
Sold my (GNVC) swing in the pre-market at .91
Scalped (CHTP) 3 times; in 1.75 out at 1.98, in at 1.90 out at 2.00, in at 2.00 out at 2.18
Scalped on (MNTA) in at 11.01, out at 10.83 for a .18 loss
Scalped (SQNM) in at 5.73 out at 5.67 for a .06 loss
I made a video, but it had some static towards the end. I am trying to upload it now and will post it if it's accepted.
Wednesday, September 23, 2009
Trade review for September 23, 2009
In the pre-market (OPXA) was moving up. I held a swing position in it due to it's daily chart and it's erratic trading. I added shares on the pull-back and waited for news. Today was it. It had received a milestone payment. I think this was expected news, but the chart was set-up for a pop and any shorts were sent scambling. I added at 3.84 and sset sell orders for 4.22 and 4.28. The 4.22 got filled and then the stock started pulling back. I did not think the news was great so I sold the rest at 4.12. The stock took off at the open and hit 4.66 and sold off all day after.
I tried a scalp in (KERX) in at 2.97 and then heard news that they are planning a mixed shelf offering. I sold immediately for a .01 loss. Usually these offerings are reason for the stock to sell due to dilution. But (KERX) did not. Maybe the news it had today was very good and absorbed the dilution.
I scalped (THQI) for .07
Added to (CYTK) swing.
And scalped some (YRCW) into the close after missing the whole day's move! I was in this stock with size at 2.51. Ahhhhh, if I only held on. Actually, selling is not bad, but I lost track of it and missed a monster move. This stock brokeout today with massive volume. The short interest was very high with Finviz.com listing it at 27.87%. I imagine some of those have covered but still more to go. The next resitance spot is 7.40 ish on a weekly chart and then major resitance at 12.00.
I tried a scalp in (KERX) in at 2.97 and then heard news that they are planning a mixed shelf offering. I sold immediately for a .01 loss. Usually these offerings are reason for the stock to sell due to dilution. But (KERX) did not. Maybe the news it had today was very good and absorbed the dilution.
I scalped (THQI) for .07
Added to (CYTK) swing.
And scalped some (YRCW) into the close after missing the whole day's move! I was in this stock with size at 2.51. Ahhhhh, if I only held on. Actually, selling is not bad, but I lost track of it and missed a monster move. This stock brokeout today with massive volume. The short interest was very high with Finviz.com listing it at 27.87%. I imagine some of those have covered but still more to go. The next resitance spot is 7.40 ish on a weekly chart and then major resitance at 12.00.
Tuesday, September 22, 2009
Trade review for September 22, 2009
I slow day for me as I bought (M) early and immediately knew I made a mistake. I bought at 19.00 when I should have waited for a pullback. 18.60 turned out to be the spot, but because I got in early I wasted my time watching this one when I should have just sold and moved on.
A lot of my swing positions had big days, so I was mainly watching and waiting to see how far they would run.
I made another mistake by not taking profits on my overnight hold on (CYTK). I had .50 cents in the pre-market bought had visions of 5.50, then 6.00, then 6.50. It probably will get there with it's new upgrade and target of $18, the question is when and how far will it pullback?
I missed out on a lot of movers on my watchlist this am including (RINO), (PIR), (RAIL), and (DAN). Such is life, but it felt weird not making many trades and sitting on my hands.
I'm starting to get a feeling that we are going to get sucker punched soon by the bears. I am starting to get out of my long positions this week amd would like to be out of most by Friday. Let's see what tomorrow brings.
A lot of my swing positions had big days, so I was mainly watching and waiting to see how far they would run.
I made another mistake by not taking profits on my overnight hold on (CYTK). I had .50 cents in the pre-market bought had visions of 5.50, then 6.00, then 6.50. It probably will get there with it's new upgrade and target of $18, the question is when and how far will it pullback?
I missed out on a lot of movers on my watchlist this am including (RINO), (PIR), (RAIL), and (DAN). Such is life, but it felt weird not making many trades and sitting on my hands.
I'm starting to get a feeling that we are going to get sucker punched soon by the bears. I am starting to get out of my long positions this week amd would like to be out of most by Friday. Let's see what tomorrow brings.
Monday, September 21, 2009
Sunday, September 20, 2009
Friday, September 18 Trade review
Today was a little harder to trade with a lot of stocks being pinned due to OP-EX.
I was seeking out news stories or small off-the-radar plays that would not be affected by pinning. I was trading (ARNA) in the pre-market after trading yesterday in the aftermarket. WOW! I almost carried a swing positon from the mid 6's in anticipation of today's news, good thing I did not at it opened just above 4. I bought it twice at 4.15 and 4.20 and would like to say I kept it all day but did not...sold scalping both times for .09....who knew?!
I also traded (HBAN) after the pricing of it's share offering was announced at 4.20. The last time I saw a popular bank stock announcing it's offering - that price held as support and I bought it at 4.35 and again at 4.27 after it bounced off 4.20. I sold out at 4.34 for a .03 gain mid day as I was tired of watching it do nothing. Sure enough it moved after I sold, but nothing major.
The money was made today in (RPRX) which announced debt resturcturing. I was in first thing of the news at 1.09 and out at 1.21. Then bought in again after a pullback and another push upward at 1.25 and exited a quick scalp into resistance at 1.29.
I also sold my swing position in MWA at 5.37 today.
All in all a very good week.
I was seeking out news stories or small off-the-radar plays that would not be affected by pinning. I was trading (ARNA) in the pre-market after trading yesterday in the aftermarket. WOW! I almost carried a swing positon from the mid 6's in anticipation of today's news, good thing I did not at it opened just above 4. I bought it twice at 4.15 and 4.20 and would like to say I kept it all day but did not...sold scalping both times for .09....who knew?!
I also traded (HBAN) after the pricing of it's share offering was announced at 4.20. The last time I saw a popular bank stock announcing it's offering - that price held as support and I bought it at 4.35 and again at 4.27 after it bounced off 4.20. I sold out at 4.34 for a .03 gain mid day as I was tired of watching it do nothing. Sure enough it moved after I sold, but nothing major.
The money was made today in (RPRX) which announced debt resturcturing. I was in first thing of the news at 1.09 and out at 1.21. Then bought in again after a pullback and another push upward at 1.25 and exited a quick scalp into resistance at 1.29.
I also sold my swing position in MWA at 5.37 today.
All in all a very good week.
Thursday, September 17, 2009
Wednesday, September 16 - Trade review
I made a video but it still uploading to YouTube....takes a long time sometimes. I will post it when it is "Live!"
I had some success trading these stocks;
(REXX) in 7.74 yest. and exit this morning at 8.42 avg.
(OXPA) in 4.12 and exit at 4.23 avg.
(MYRX) exit 2 day swing at 6.03 avg. (entry was 5.67 avg.)
and daytraded it as well entered at 5.80 exit 5.98, Entered 6.00 exit at 6.19.
(VNDA) scalp off news in at 14.192, exit 14.29
(KERX) in at 2.26, exit 2.30 avg.
I had some success trading these stocks;
(REXX) in 7.74 yest. and exit this morning at 8.42 avg.
(OXPA) in 4.12 and exit at 4.23 avg.
(MYRX) exit 2 day swing at 6.03 avg. (entry was 5.67 avg.)
and daytraded it as well entered at 5.80 exit 5.98, Entered 6.00 exit at 6.19.
(VNDA) scalp off news in at 14.192, exit 14.29
(KERX) in at 2.26, exit 2.30 avg.
Tuesday, September 15, 2009
Trade review for Wed. September 15
I made a video but the audio went static in some chunks...I don't know why it happens sometimes but it does and I'm not going to re-make it...It's late.
Trades today were;
(SVA)in 10.18, out 10.31 early and then again later in the day I entered 10.416, exit 10.44
(AHD) in at 4.00, exit 4.11
(EXXI) in 1.825, exit 1.94 and 1.88
(MYRX) in 5.29 out 5.63 at the close
(FNET) in 3.29, out 3.44
(MVIS) in 4.19, out 4.36
(REXX) in 7.74, bought as swing at the close - target 9.50
Hope you all did well.
Trades today were;
(SVA)in 10.18, out 10.31 early and then again later in the day I entered 10.416, exit 10.44
(AHD) in at 4.00, exit 4.11
(EXXI) in 1.825, exit 1.94 and 1.88
(MYRX) in 5.29 out 5.63 at the close
(FNET) in 3.29, out 3.44
(MVIS) in 4.19, out 4.36
(REXX) in 7.74, bought as swing at the close - target 9.50
Hope you all did well.
Monday, September 14, 2009
Friday, September 11, 2009
Trades for Friday
I traded (YRCW), (EDAP), (DVAX), (SVA), (TIV) and (LNG) today. Small loss on (LNG) and all the rest were winners, with (YRCW) and (EDAP) bringing in the most money.
(EDAP)broke out of a nice daily flag or falling wedge and (YRCW) is in the middle or start of a squeeze that going to go on for a while with 27% short interest in the stock.
(EDAP)broke out of a nice daily flag or falling wedge and (YRCW) is in the middle or start of a squeeze that going to go on for a while with 27% short interest in the stock.
Thursday, September 10, 2009
Trades for Thursday, September 10
I traded (YRCW)alot today. I sold my 4,000 swing shares at 2.67 in the premarket and 2,000 at 2.84 during the morning. The stock did not act very well in the a.m. so I took half off, but with a 29% short positon this stock is poised to pop or bleed higher for awhile.
I added 4,500 more over the course of the day for scalping and bought another 2,000 into the close at 3.15 for a swing.
I also played (GNBT) early and took .09 and .02 on two 5,000 share trades.
Played (DVAX) in the premarket for .20 gain and bought a small swing at the close at 2.62
Got stuck in a false rumor pop today in (SQNM)....so my swing in (SQNM) was added to.
Also, bought a spec Bio that had action in the AH (GNVC)
That's my day....hope you did well. I'll try for a video tonight.
I added 4,500 more over the course of the day for scalping and bought another 2,000 into the close at 3.15 for a swing.
I also played (GNBT) early and took .09 and .02 on two 5,000 share trades.
Played (DVAX) in the premarket for .20 gain and bought a small swing at the close at 2.62
Got stuck in a false rumor pop today in (SQNM)....so my swing in (SQNM) was added to.
Also, bought a spec Bio that had action in the AH (GNVC)
That's my day....hope you did well. I'll try for a video tonight.
Wednesday, September 9, 2009
Trade results for Wednesday, September 9, 2009
I'm trying to upload a video to YouTube, but it is taking forever.
Today I;
Added 2,000 to (DRYS) at 6.14 and sold my swing and daytrade at 6.31 and 6.34.
Sold (BNVI) in the pre-market at .97
Added 5,000 to (EXXI) at 1.59 and dumped my swing and daytrade at 1.67 and 1.60
Scalped (SPPI) for .06
Wasted my time in (VVUS) for 3 trades that broke even.
Added to my (YRCW) swing at 2.51 in the morning. It's up in the afterhours on news.
I missed trades in (FIG) and (AXL) today.
My video just got rejected again...."unknown error"...forget it...going to bed.
Today I;
Added 2,000 to (DRYS) at 6.14 and sold my swing and daytrade at 6.31 and 6.34.
Sold (BNVI) in the pre-market at .97
Added 5,000 to (EXXI) at 1.59 and dumped my swing and daytrade at 1.67 and 1.60
Scalped (SPPI) for .06
Wasted my time in (VVUS) for 3 trades that broke even.
Added to my (YRCW) swing at 2.51 in the morning. It's up in the afterhours on news.
I missed trades in (FIG) and (AXL) today.
My video just got rejected again...."unknown error"...forget it...going to bed.
Tuesday, September 8......No trades today
I did not make a trade today. I was on holiday for the long week-end and am just getting back into the flow. I was watching good action in (JAZZ), (ENER), and (OPXA) today. I just did not feel ready to put on any trades. I was tired and my head was not into it so I took my time. I have plenty of swings to keep me busy anyway.
(YRCW) had news today and is in play
(SQNM) had one of it's many pop, rip and fades today. why these keep happening is a bit of a mystery...shorts being messed with, news on the verge of breaking, or a fund playing games.
(AMD) was nice as well.
It seems the drug stocks are heavy with news as the Universities get back to business. The fall is always good for study results...keep it sharp.
Commodities were on a run fueled by the weak dollar. (PCX) has been a good short near the 10 area.
(YRCW) had news today and is in play
(SQNM) had one of it's many pop, rip and fades today. why these keep happening is a bit of a mystery...shorts being messed with, news on the verge of breaking, or a fund playing games.
(AMD) was nice as well.
It seems the drug stocks are heavy with news as the Universities get back to business. The fall is always good for study results...keep it sharp.
Commodities were on a run fueled by the weak dollar. (PCX) has been a good short near the 10 area.
Friday, September 4, 2009
Wednesday, September 2, 2009
Tuesday, September 1, 2009
Trade review for September 1, 2009
The video is uploading now....will post as soon as YouTube accepts it.
(VG) in the after hours ...wow!...hit 2.28, closed at 2.08....I guess I should have held...who knew?
(VG) in the after hours ...wow!...hit 2.28, closed at 2.08....I guess I should have held...who knew?
Bearshitters win the day
It was a red day on Cyber Wall Street....good news came and we sold with no real bounce all day. I made few trades, but my swings took some heat.
(VG) had some news in the AH and I caught a little trade on it live while I was doing my trade review screencast....I had no idea why it popped at the time but I jumped on the momentum especially after trading it today. Caught a quick .07 but left .28 as it went on to rip. Turns out it got approved for Apple Apps.
(VG) had some news in the AH and I caught a little trade on it live while I was doing my trade review screencast....I had no idea why it popped at the time but I jumped on the momentum especially after trading it today. Caught a quick .07 but left .28 as it went on to rip. Turns out it got approved for Apple Apps.
Bearshitters trying
The market had some good news again, but as the last week alluded to, good news is being sold.
I got long a little (SQNM)in the after hours yesterday and then an article is released today denying rumors of a Brown U study showing a 99% efficiency rate. I'm still holding and not too worried, I will wait for the momo to come back and add and trade out with profit....where there is smoke, there is fire.
(EDAP) had great earnings today to go with the apporval of it's ultrasound technology for zapping kidney stones....the volume was great and the stock took off....it sold off some with the market but is holding in there up about 10%. I'm long for a swing here...added to it today.
Back tonight with a wrap-up....I hope to be commenting about the furious rip into the close.....might be so!....or not!
I got long a little (SQNM)in the after hours yesterday and then an article is released today denying rumors of a Brown U study showing a 99% efficiency rate. I'm still holding and not too worried, I will wait for the momo to come back and add and trade out with profit....where there is smoke, there is fire.
(EDAP) had great earnings today to go with the apporval of it's ultrasound technology for zapping kidney stones....the volume was great and the stock took off....it sold off some with the market but is holding in there up about 10%. I'm long for a swing here...added to it today.
Back tonight with a wrap-up....I hope to be commenting about the furious rip into the close.....might be so!....or not!
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