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Watchlist for February 18th

PACR – Potential long.

UCTT – Potential long, some people in chat made money off of Preston’s call today (he beat me by 5 seconds or so in finding this breakout).

EGTK & BEAC – Pump. No clear play, but just watch these.

REED – Getting a pump, which is odd considering it is a Nasdaq stock.

AENY – ALFSS, but this pump refuses to die, which is why I’m not short.

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.

The inevitable conclusion to any pump & dump: Charts of CNWI, CRWG, PEPR

CNWI – This pump only lasted a couple days and then had a huge gap down when further pumping failed to materialize.

cnwi

CRWG – A low-volume longer-term pump. Three big down days have eliminated most of its gains.

crwg

PEPR – Pumpers love new OTC listings and ticker changes. Again this only lasted a couple days. Most of the volume appeared ‘fake’ to me, occurring in huge block trades.

pepr

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 February 16th

Not much. I just bought one pump looking for a gap up … no matter what happens I will sell it near the open tomorrow.

Daily profit: $0.00

Disclosure: Long 17,000 ISPI. 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 February 16th

XCHO – Sketchy OTC BB company that is connected to NPHC. Up huge, but still only $0.48. No easy play on this.

xcho

PIR – Nice breakout at $6.00 with some volume. This is an historically choppy stock.

pir

RNN – Amex biotech hype play. I’m short-biased but it could have another good day.

rnn

SRTI – From no volume to 5.5m shares traded. I won’t buy because I hate buying Pink Sheets stocks, but this could be interesting if continued volume and a green hold.

srti

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.

If I’m Tim Sykes’ best student, why is my profit margin so much worse than his?

A reader asked me this question in an email. I suggest checking out Tim Sykes’ trades, the CXO Advisory Group’s post on Tim Sykes and my trading profit page to see details of what I discuss in the video. For comparison to the returns discussed in the video, at this point my weighted average profit margin in 2010 is 1.81% for my Sykes-type trades and 1.80% for my Sykes-type trades where I follow a TimAlert.

Disclosure: No positions in any stock mentioned. I am a TimAlerts lifetime subscriber and have other relationships with Tim Sykes, which are discussed in my terms of use; you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

President’s Day Q&A

I have received a lot of questions over the last week. I attempt to answer them in the videos below.

1. Can you trade OTC stocks with Sogotrade and how are their borrows for shorting OTC stocks?
2. Will ThinkorSwim have better borrows on shorts once they merge with Ameritrade? Answer: no.
3. Why did my stop loss on my long position in CRWG get executed before the market opened?
4. How do you set a bracket order on an already-open position at IB? Answer: No clue.

Video #2:

1. How high will PEPR go? How did I know it was going to be pumped? Answer: I didn’t.
2. Why don’t you respond to my email about a specific stock?
3. Have I ever been asked by stock promoters to join in a stock pump & dump?
4. [Question answered previously and not answered]
5. Which brokers have a scrolling high of the day (HOD) list like Scottrade?

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.