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Trade recap for tax day

Also see the end of my video for the IB scanner I set up to detect interesting OTC stocks.

Daily profit: $714.27

Trades:
13:54:15    VKNG    B    0.315    10000    NITE
14:01:40    VKNG    S    0.329    1200    NITE
14:03:35    VKNG    S    0.329    8800    NITE
15:08:02    BLUG    B    0.4    5000    NITE
15:08:02    BLUG    B    0.4    22000    NITE
15:27:01    VKNG    B    0.33    6195    NITE
15:27:16    VKNG    B    0.33    3805    NITE
15:33:38    VKNG    S    0.355    10000    ETMM
15:52:39    SLTZ    B    0.9    800    NITE
15:54:21    SLTZ    S    0.94    800    NITE

SLD    20,000    BLUG    false    Stock    0.3830    USD    ARCAEDGE    09:30:11        38.30
SLD    20,000    BLUG    false    Stock    0.3830    USD    SMART    09:30:46        38.30
+    SLD    25,000    FRHV    false    Stock    .090    USD    ARCAEDGE    09:31:33        11.79
BOT    25,000    FRHV    false    Stock    0.0755    USD    SMART    09:50:03        9.44

Disclosure: Short 50,000 BLUG and long 27,000 BLUG. No positions in any other stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Mid-week trade recap on April 14th

A good two days warrants a celebratory post.

April 14th profit: $3,116.15

April 13th profit: $1,873.87

April 12th profit: ($29.73)

Disclosure: Short 10,000 BLUG. No positions in any other stock mentioned. I am an affiliate of InvestorsUnderground and Speedtrader. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

First thoughts on SpeedTrader

See the video for my review of Speedtrader after using it for a few weeks. Much thanks to Nate of the InvestorsUnderground stock chat for urging me to try SpeedTrader and helping me to set it up.

Disclosure: Short 10,000 BLUG. No positions in any other stock mentioned. I am an affiliate of InvestorsUnderground and Speedtrader. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Trade recap for the first week of April

My blog-cation continues so no details.

April 9th profit: $144.47

April 8th profit: $126.35

April 7th profit: $1262.00

April 6th profit: $1040.49

April 5th profit: $188.00

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

What chat is for … CHGY short

I messed up the trade by covering too soon and playing too small, but this is a good example of how alerts can help you. I alerted CHGY and shorted it on g/r and it ended the day down 6.85%. The following are excerpts from Tim Sykes’ chatroom that I moderate.

[Apr 8, 2010 9:52:16 AM EDT]     SonofA    Anyone think CHGY has legs?

[Apr 8, 2010 9:52:42 AM EDT]     Reaper    doubt it CHGY

[Apr 8, 2010 9:52:46 AM EDT]     BIGJ    CHGY promotion ended yesterday from lebed as far as i know but CHGY has messed up a few of us

[Apr 8, 2010 10:00:03 AM EDT]     SonofA    I’m circling CHGY it’s still riding

[Apr 8, 2010 10:05:40 AM EDT]     SonofA    CHGY HOD 3.85

[Apr 8, 2010 11:15:33 AM EDT]     Reaper    CHGY red

[Apr 8, 2010 11:19:43 AM EDT]     Reaper    CHGY went g/r now fighting back

[Apr 8, 2010 11:21:02 AM EDT]     Reaper    I took 1k short @ 3.61 CHGY but I don’t like how it trades so won’t do more

[Apr 8, 2010 11:21:43 AM EDT]     Reaper    3.55 lod CHGY

[Apr 8, 2010 11:25:13 AM EDT]     Reaper    3.47 lod CHGY

[Apr 8, 2010 11:26:14 AM EDT]     Reaper    covered half my CHGY will hold the rest for now

[Apr 8, 2010 11:29:11 AM EDT]     Reaper    covered rest of my CHGY … tiny gain but oh well … it adds up

[Apr 8, 2010 12:23:32 PM EDT]     Reaper    CHGY 3.40

chgy

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

Help a reader: Best sources for stock news

It is time for you the blog reader to do some work! I received the following question from a reader and it is a question that you, my readers could probably answer better than I.

I like to read the news (ie earnings, annual reports) releases during the day as news is released, but also at the end of the day. Here in Australia it is quite simply because all stock news releases are via once central website (ie
http://www.asx.com.au/asx/statistics/prevBusDayAnns.do)

I am wondering how I would go about finding the news releases for stocks on the NYSE/NASDAQ/AMEX/OTC? Is there a central website which lists all news releases, or do you need to look through the individual exchange websites? Is it possible to see all tickers news, or do you need to search individual tickers? What website do you use?

My response is that I do not trade based off news so I don’t care about having a general news ticker. To get news on stocks I’m watching I will either go to Yahoo! Finance or look it up in the ThinkorSwim or Interactive Brokers’ TWS software.

Please leave your advice in the comments below.

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

Trade recap for March 29th & March 30th

No video today.

Daily profit for March 29th: $104.83

Trades @ Speedtrader:
12:04:54    RNGC    B    1.05    2500    NITE
14:45:28    BGBR    B    0.75    4000    NITE
12:40:00    RNGC    B    1.05    2300    NITE
09:31:22    FWTC    S    0.069    12500    NITE

Daily profit for March 30th: ($184.60)

Trades @ Speedtrader:
11:48:20    CDIV    B    0.509    5000    ETMM
09:34:35    BGBR    S    0.74    4000    NITE
09:34:28    RNGC    S    1.04    4800    PFSI
15:26:03    CLRH    B    1.23    1500    ARCA
15:26:03    CLRH    B    1.23    500    ARCA
11:59:41    CDIV    S    0.515    5000    NITE

Trades at IB:
+    BOT    1,000    BIOF    false    Stock    3.380    USD    SMART    09:30:36        5.00
BOT    100    ALN    false    Stock    3.85    USD    DRCTEDGE    09:31:16        1.00
SLD    100    ALN    false    Stock    3.89    USD    SMART    09:31:37        1.00
+    SLD    1,000    BIOF    false    Stock    3.310    USD    SMART    09:35:26        5.00

Disclosure: Long 2,000 CLRH. No positions in any other stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Watchlist for March 29th

ABIO – Held up surprisingly well towards the close Friday. Potential long although it will probably be too volatile and unpredictable for my taste.

abio

ABHI – Reverse merger OTC stock. Worth a watch if it gets volume.

abhi

MSEH – ALFSS. Big up day Friday. After the tank last Thursday I thought that they would pull this back together. Watch, but it is not yet time to short again.

mseh

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

Trade recap for March 26th

Daily profit: ($26.70)

Weekly profit: $2,948.95

Trades at SpeedTrader:
14:53:10    WMBI    B    0.27    5000
11:24:21    PBEC    S    0.64    200
11:22:53    PBEC    S    0.64    600
11:22:53    PBEC    S    0.64    1200
11:19:58    PBEC    S    0.64    2500
10:17:46    PBEC    S    0.6    2500
15:12:33    FWTC    B    0.062    12500
14:57:56    WMBI    S    0.265    5000

Disclosure: Long 12,500 FWTC that I intend to sell near the open Monday. No positions in any other stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.