The Best Source for Penny Stock Insight
Not much trading today. December continues to be a slow month for me.
Daily profit: ($28.00)
Weekly profit: $565.56
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.
An abbreviated and late watchlist today.
AHD, CIIC, SNS, CGEN, PSDV, ATHX are all potential shorts on weakness. ATHX and CGEN are probably the best setups. SNS is the dark-horse.
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.
One good trade today and one small botched trade … I am happy with today.
+ SLD 1,000 AHD false Stock 6.990 USD ARCA 09:31:21 5.00
BOT 300 AHD false Stock 6.6498 USD SMART 09:37:57 1.50
+ BOT 700 AHD false Stock 6.419 USD DRCTEDGE 09:38:38 3.50
Daily profit: $493.56
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.
AHD – A double on no news but an upgrade? Short on red. I have fond memories of the last NYSE MLP I shorted, USS (from back in July 2008).
ATHX – Whoa, Momma! Unsupportable move, but hey, I’m long-biased now. This thing was a no-brainer buy on the break of the high today. I’d consider buying it on green tomorrow. ATHX is the new NLST! Could also be a good short on red.
CIIC – Yeah, baby! A 90% move on no news? I’m eager to short this crappy China stock. I’d consider longing it on green, too, but my bet is it falls 20% tomorrow.
NVLT – Nice move, less interesting to me than the stocks above, especially considering it is an OTC BB stock.
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.
One trade today, a short of AMFI … I would’ve played it bigger and held on longer but I am just finishing up my SEC Filing DVD. You probably only have a few days to a week left to order it at special pre-order pricing.
For more information on Canopy Financial and Jeremy Blackburn, check out this SEC litigation release.
Daily profit: $102.00
Disclosure: No positions in anything mentioned in this post. My health savings account is a creditor of Canopy Financial and potentially of AMCORE Financial and Shawnee Administrative Services. 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.
Not much here. I hope someone profited from MTEX as a short today, from yesterday’s watchlist. It was down 20% today, fading gradually throughout the day.
AMFI – Short hard on red, potential long on red/green. This thing is still likely to go bankrupt and even after a 100% run in two days it remains priced for bankruptcy.
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.
Boring day for me.
Daily profit: ($2.00)
SLD 200 SMOD false Stock 6.00 USD SMART 15:50:28 1.00
BOT 200 SMOD false Stock 6.00 USD ISLAND 15:52:08 1.00
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.
PCBC – Nice move Friday on strong volume; this has a history of multi-day runs. I would consider going long on red/green. CPF has a similar chart, though not as good a history of multi-day runs.
SMOD – Nice breakout, at longer-term resistance. Good volume Friday. It was up on earnings, so it may keep going.
MTEX – I’m always short-biased on this MLM firm. Hopefully it has a third big up day to set up a better potential short.
IFNY – Breakout, but on low volume. Tim Sykes is long this. I would not buy this here because it is a pink sheet stock and the volume is anemic.
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.
Not much today. No video trade recap either … I’m a little busy hanging with family.
Daily profit: ($85.00)
Weekly profit: $471.22
BOT 1,500 OPTZ false Stock 1.1100 USD ARCAEDGE 09:06:41 7.50
SLD 200 OPTZ false Stock 1.1000 USD ARCAEDGE 09:32:48 1.00
SLD 500 OPTZ false Stock 1.0700 USD ARCAEDGE 09:34:06 2.50
SLD 300 OPTZ false Stock 1.0500 USD ARCAEDGE 09:35:24 1.50
SLD 500 OPTZ false Stock 1.0500 USD ARCAEDGE 09:35:41 2.50
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.
PIR – New 52-week high today and nice breakout.
SNIC – Big breakout today.
MEDG – Goodbye, pumped piece o’ crap! I just missed a fill on a short order right at the open this morning at $0.80.
MILL – On short watch following big two-day move on a slightly misleading press release. It is misleading in that it uses for the headline number the NPV of not just the proved reserves but also the probable reserves. Sorry boys, you shouldn’t do that. I wouldn’t really want to short this unless it has another big up day.
EXAS – Nice breakout, lower volume.
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.