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Watchlist for the 4th day of the new year

A couple big runners on short watch. These have been profiled previously. They are up big on security / airline /terrorist fears.

Intellicheck Mobilisa, Inc. (IDN) – Nice big move, steady in the morning and then faded into the close. I’m looking for a short on red.

ICx Technologies, Inc. (ICXT) – Small black candle with big wicks at both ends. I’m looking to short aggressively on red or the break of Thursday’s support at $9.30.

A few others to consider:

eOn Communications Corp. (EONC) – Had a first red day after an 80% move on seven straight white candles. I would look for it to fall more but this thing has a low float and has been stubborn in the past. I will likely not look to short it.

Implant Sciences Corp. (IMSC.OB) – Low-priced; up over 1000% in four days, this has to be pump. Hopefully it doubles again … then I would look to short. This is also up on hype related to airport security.

Americas Energy Company (AENY.OB) – Was a great breakout, now over-extended. This thing is pumpish and has been pumped before. Hopefully it has another great day and then I would look to short after that, on weakness.

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

How to spend your trading gains: New Year’s Eve dinner at Alinea

I spent some of my hard-won trading gains at one of the top restaurants in the world for a New Year’s Eve dinner with my wonderful wife. The restaurant is Alinea, and it is one of the hotspots for molecular gastronomy. While the dinner was ridiculously expensive, it was also ridiculously good and it is an experience worth having. Below are pictures of some of the 10 courses we had. My wife’s favorite course was the black truffle explosion raviolo. Mine was the poached pear with white wine and allspice and black pepper foam.

I should point out that I am not the first penny stock trader to visit Alinea and blog about it. Tim Sykes did that last summer. I have to say my experience was better than his. The waitstaff was unobtrusive but ever present. They did not idly chitchat with us, but when we had questions about the food or wine they seemed happy to engage with us. The service was better than any other US restaurant I have been to (although I haven’t been to any top restaurants in Vegas, San Francisco, or New York) and the equal of the two Michelin-starred restaurants I have been to in France.

When asked whether I wanted tea or coffee at the end of the meal I asked if they had Pu-erh tea (an aged tea from China). The waiter not only answered in the affirmative but listed their two choices: a 1949 Pu-erh for $97 and a 1997, for $12. I took the cheaper option. Not even I can justify $100 on a cup of tea!

1st Course: brioche foam with cream and caviar … a nice twist on the classic that emphasized the texture of the caviar.

2nd course: Berkshire pork belly Thai style, inside iceberg lettuce. The drink at the top left was a distillation of lemongrass, fish sauce, and chile.

3rd course, maybe? Otoro and a bunch of other stuff.

5th course: A tribute to Auguste Escoffier: sea trout, chanterelle mushrooms, and in little boats made from short-bread cookies, a quail egg with black truffle (in the center boat) and fish roe (in the side boats). And yes, that means they were roe boats.

7th Course: Wagyu beef with beets and fennel. My wife did not like this at all so I got two servings!

One of the desserts: chocolate mouse, liquid nitrogen frozen chocolate mouse, mentholated chocolate crumbs and some other things.

Disclosure: Nothing to disclose other than that I loved Alinea!

Trade recap for New Year’s Eve

I had a quiet day today. I was busy with some things other than trading and the main stocks I was watching, ICXT and IDN, were not kind enough to give me easy entries. No video recap today.

Daily profit: $260.92

Weekly profit: $327.23

BOT   500   ICXT   false   Stock   9.80   USD   ISLAND   09:31:37       2.50
SLD   500   ICXT   false   Stock   9.90   USD   ISLAND   09:33:30       2.50
+   SLD   4,914   EONC   false   Stock   6.013   USD   ISLAND   12:52:59       24.57
+   BOT   4,914   EONC   false   Stock   5.959   USD   ISLAND   12:55:46       24.57

Watchlist for the Kuumba, the sixth day of Kwanzaa

Kuumba means creativity … something I’m a fan of, particularly in trading.

Stocks from yesterday’s watchlist that did what I expected were CBAK and AENY. AENY had a huge gain today, while CBAK gapped down a bunch after its rumors turned out to be false. There are a couple really nice stocks for tomorrow.

PIP – I’m short-biased here. This thing was a day-trader’s dream today, up 120% at one point on no news. While it faded hugely, it still has more downside.

ICXT – This is an airport security play that has been hot due to the Detroit underwear bomber incident. I will look to short aggressively on fading price action or a huge vertical spike. I expect a huge spike in the morning considering that this hit $10 towards the close of after-hours trading.

IDN – Similar chart and similar story as ICXT. Much lower volume, though.

RAE – Nice move, maybe more will come?

Trade recap for December 30th, St. Egwin’s feast day

I nailed the entry on buying PIP today but sold over $1.10 too early. Oops. I shorted it in my BlogoElite account too but my entry wasn’t great and I didn’t hold it long. By the way, my PIP entry was alerted in my new stock chat (see link at top of my blog) and several people there made good money on it.

BOT   700   SPNC   false   Stock   7.01   USD   ISLAND   09:41:20       3.50
SLD   300   SPNC   false   Stock   7.11   USD   ISLAND   09:45:16       1.50
+   SLD   700   SPNC   false   Stock   6.976   USD   DRCTEDGE   09:47:15       4.00
BOT   300   SPNC   false   Stock   6.99   USD   SMART   09:48:16       1.50
SLD   200   VRMLQ   false   Stock   27.10   USD   SMART   10:10:46       1.00
BOT   200   VRMLQ   false   Stock   27.02   USD   SMART   10:12:56       1.00
+   BOT   2,400   PIP   false   Stock   2.170   USD   AMEX   12:42:47       12.00
+   SLD   1,200   PIP   false   Stock   2.240   USD   AMEX   12:44:30       6.00
+   SLD   1,175   PIP   false   Stock   2.270   USD   AMEX   12:45:04       5.88
SLD   25   PIP   false   Stock   2.23   USD   ISLAND   12:45:20       1.00

Daily profit: $220.62

Watchlist for Nia, the fifth day of Kwanzaa

“Nia (Purpose): To make our collective vocation the building and developing of our community in order to restore our people to their traditional greatness.” – from Wikipedia

CBAK – I am looking to short this on red. It was up 60% today on rumors that its batteries will power the new Google smartphone.

SPNC – Up big on news that it will pay $5m to end a federal probe. I like this for more strength and I might buy on red/green.

AENY – OTC BB stock, but that sure is a bullish chart.

IVAN – Similar chart to AENY.

PSUN – A similar chart, $4.00 would be an important point of resistance.

Trade recap for December 29th

Fairly boring day. A couple not quite so good trades early in the ayem and I only made one trade after that.

+   SLD   1,000   CGEN   false   Stock   4.950   USD   DRCTEDGE   09:31:30       5.00
BOT   1,000   CGEN   false   Stock   5.05   USD   DRCTEDGE   09:32:52       5.00
+   SLD   1,000   AHD   false   Stock   5.951   USD   NYSE   09:43:20       5.00
+   BOT   500   AHD   false   Stock   6.000   USD   SMART   09:53:36       2.50
+   BOT   500   AHD   false   Stock   6.040   USD   SMART   09:53:42       2.50
BOT   60   VRMLQ   false   Stock   26.94   USD   SMART   15:37:32       1.00
SLD   60   VRMLQ   false   Stock   27.40   USD   SMART   15:38:52       1.00

Daily profit: ($163.31)

Watchlist for Ujamaa, the fourth day of Kwanzaa

Ujamaa represents cooperative economics, building enterprises together from which we all can profit. That sounds good to me!

PSID – Yay for terrorists! This has some people talking about it as a terror play, but my cursory investigation of the company says they do RFID stuff. Still, it is on watch for continued upward movement … let’s see how far upward the morons push it.

ATHX – A short? Maybe. The last few days it has wicked up and down big but the actual candles are tiny. Potential short on red.

LMLP – Up 40% in two days and 60% in four days on no news. Short on red.

EONC – You know it, you love it. I’ve said before that low-float stocks can run big on no news. No clear play here.

CGEN – What a tricksy little stock; it likes to gap a bunch. No clear play, but I’m short-biased.

SRZ – Fill dat gap! Long on continued strength.

CIIC – This seems to want to go higher, but I would not mind shorting either. Long on green, short on red.

IFNY – I am short-biased. This is over-extended. Too low of volume, though.

Trade recap for December 28th

No video today because all I had was one tiny scalp of CGEN at the open.

BOT 300 CGEN false Stock 5.79 USD SMART 09:30:40 1.50
SLD 300 CGEN false Stock 5.83 USD DRCTEDGE 09:31:16 1.50

Daily profit: $9.00

Watchlist for the third day of Kwanzaa: Ujima

Ujima is the principle of collective work and responsibility. Some of the readers of this blog already understand this principle well, making useful contributions in comments.

I will be a bit hesitant to trade tomorrow as I have not done a lot of trading recently and the previous trading day was only a half day.

PLG – Nice breakout. Could be nice on red/green or $2 cross as a long.

CAMT – Big move on big relative volume (though low absolute volume). Short on red. I will not play it due to the low volume.

ATHX, NVLT, PSDV, CGEN – All drug news runners that are a couple days after the news. They are less predictable now.