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Watchlist for Monday

HDUP is the next PennyStockChaser (PSC) pump. PSC has been on fire in the last week or two, pumping AWSL, MEVP, and AVOE. My buddy Tim Sykes has already made some nice (unrealized) profits shorting AWSL on Friday (he alerted to his TimAlerts subscribers that he shorted it when the bid was $4.10 and it closed the day at $3.50). They were paid 550,000 free-trading shares to pump HDUP for one month. While I would never recommend going long a pump at the beginning, I hope that PSC pumps it well and it rises from $0.10 to $1.00 so that I can short it.

AEMD & BSTK are two low-priced supernovae; I wouldn’t short them unless they go up another 70% each.

GBE nice breakout Friday; not much resistance until $3. Might be nice for a continuation play on strength.

LOCM nice runner at times, nice breakout with only a little resistance from a year ago. Might be nice on green.

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclaimers are incorporated by reference into this post.

Trade recap for Mole Day!

Have you celebrated Mole Day today? If not, drink a toast to Avogadro at 6:02:21pm. Not any exciting trades today. See the video for some unusual trade analytics (such as a profit margin moving average graph) I conducted on my pre-leader long trades (my profit on which just breached $1,000!).

Daily profit: $137.14

Weekly profit: $1571.43

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy.

Watchlist for for the second to last happy prime number day in October

As evidenced by the title, I’m bored with my prosaic titles and with my trading at the moment.

AWSL – Balls of steel can be bad, at least when it comes to buying pump & dumps. Too bad I couldn’t get shares to short.

NXTH – Please stop this pump so I can take it off watch. It just keeps going 3% per day.

AMLM – Accelerating gains are usually the sign of impending doom, at least for pump & dumps (reminds me of GVBP). Those who were long and didn’t get out quickly this morning have only themselves to blame.

MEVT – I tried to short today at $1.02 and $1.00 after it faded off of its pumped highs, but couldn’t get an execution. I like it as a short on red tomorrow.

RDCM – Volatile, but not a clean pattern. I won’t trade it. An efficient scalper might try long on green / short on red. Volume is low too.

IRBT – Nice earnings runner today. Nice breakout, although resistance from a year ago. Might be nice for follow-through on green tomorrow.

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy.

Trade recap for 10/22: Yawn!

Boring day, missed a fill on MEVT that would have been a good short, CTDC is restricted on IB (traders can only close trades on it), and I couldn’t find shares of AWSL or AMLM. No point doing a video. Looks like my call on USEG from yesterday’s watchlist was dead on, though.

+ BOT 500 USEG false Stock (SCM) 6.370 USD ISLAND 09:33:51 2.50
+ SLD 500 USEG false Stock (SCM) 6.370 USD DRCTEDGE 09:34:00 2.50

RODM

+   SLD   9,306   RODM   false   Stock (NMS)   5.147   USD   SMART   15:41:06       46.53
+   BOT   7,000   RODM   false   Stock (NMS)   5.147   USD   ARCA   15:43:16       35.00
+   BOT   2,306   RODM   false   Stock (NMS)   5.060   USD   ISLAND   15:43:55       11.53
+   BOT   500   RODM   false   Stock (NMS)   5.000   USD   SMART   15:47:06   BookTrader   2.50
+   SLD   500   RODM   false   Stock (NMS)   5.022   USD   ARCA   15:47:11   BookTrader   2.50

after-hours trade:
BOT 500 RODM false Stock (NMS) 5.40 USD DRCTEDGE 19:16:11 2.50
SLD 500 RODM false Stock (NMS) 5.44 USD ISLAND 19:17:19 2.50

Daily profit: $122.14

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy.

Watchlist for October 22nd

I have been tweaking my Stockfetcher scan for former zero volume stocks. Here are two stocks that came off of that scan. I’m not convinced that the scan is very useful yet. Here is the current incarnation of that scan:

stocks where volume is 500 percent above average volume(90)
and price is between .05 and 20
and date offset is 0
and volume is greater than 200000
and average volume(20) is less than 100000
and close is greater than open

SIHI – It broke through the important $5 mark today and went 10% higher. It should run more on green tomorrow. Volume is very low in absolute terms, though.

NOEC – Looks a little overextended after running from $1 to $1.55 in three days, but considering it is not a really huge move and it is lower volume, I almost certainly will not play it. Short on red.

CTDC – My only really interesting potential play tomorrow. It is up bigfrom $2.90 to $3.90 in two days and after a morning spike today it faded all day. Short on red.

AWSL – Nice pump, no shares anywhere. Too late to try it long unless you have balls of steel.

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy.

Trade recap for the 3rd 7th day of October

Attention penny stock bloggers! Please email me or leave a comment with your blog URLs. I will be doing a post on beginning traders who blog.

For your enjoyment, here is “Stick to your trading rules remix“, by Gohn (a remix of my auto-tuned trade recap on October 19th). For future reference, this is a very important post mostly because of this remix.

Boring day today … I missed Speedus Corporation (Nasdaq:SPDE); if I had seen it two minutes earlier I would’ve banked. I did not want to force trades today considering my jet-lagged condition.

I apologize for the poor audio … I hooked up my webcam and it accidentally recorded through that rather than my good mic. The video audio is louder than normal because of that. Also, note that when talking about JUNP in the video I confuse it with JNPR, which is doing fine. Of course, as a true penny stock, JUNP has no fundamentals whatsoever and understanding its business is completely irrelevant to trading it successfully (thanks to Steven who pointed out my confusion of the two companies).

BOT   1,200   BQI   false   Stock   1.3500   USD   NSX   09:47:31       6.00
+   SLD   1,200   BQI   false   Stock   1.366   USD   DRCTEDGE   09:51:47       6.00
BOT   10,000   JUNP   false   Stock (OTCBB)   0.0430   USD   SMART   14:42:47       2.15
SLD   10,000   JUNP   false   Stock (OTCBB)   0.0431   USD   SMART   15:02:45       2.16
+   SLD   1,000   USEG   false   Stock (SCM)   6.109   USD   DRCTEDGE   15:37:37       5.00
+   SLD   1,000   USEG   false   Stock (SCM)   6.100   USD   ISLAND   15:37:43       5.00
+   BOT   400   USEG   false   Stock (SCM)   5.970   USD   ISLAND   15:41:00       2.00
+   BOT   800   USEG   false   Stock (SCM)   6.000   USD   ARCA   15:41:35       4.00
+   BOT   800   USEG   false   Stock (SCM)   6.020   USD   SMART   15:42:57       4.00

Daily profit: $189.23

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy.

2009 Las Vegas pennystocking seminar recap & photos

I just got back from Tim Sykes’ seminar in Las Vegas and I had a great time. It was fun to meet the people behind many of the screen names I see on Tim’s TimAlerts site, InvestorsUnderground, and my own blog. I was also successful in avoiding various people’s offers to procure me escorts or loose women (seriously!) … I’m holding onto my marriage long-term, and that is one great trade I’ll never mess up. I also avoided gambling and getting drunk … although I am wiped out from a lack of sleep (gotta love trading on the west coast!)

You can see many photos from the seminar on Flickr (these were uploaded by SobeGemini2).

Here are some highlights:

Tim Bohen destroying me in an arm wrestling match

A good chunk of the seminar attendees at the after-party at MGM’s Centrifuge bar.

A Tim Sandwich! Tim Bohen, me, and Tim Sykes.

Green on the screen, baby!

Oh, aren’t they cute together: Chris & Christina, a pennystocking couple.

Me speaking at the seminar. Awkward expression. Contrary to the slide, I am up $93,000+ trading Sykes’ strategy not in 2009 but since June 2008. I am up $43,479 for the year as of October 21th 2009, following Sykes’ strategy. My total trading profit for 2009 as of 10/21/2009 is $69,348.15.

Disclosure: I have a disclosure policy.

Trade recap for October 20 and an abbreviated watchlist

I’m flying back from Las Vegas, where I had a grand old time meeting a bunch of pennystocking degenerates (and Michael Covel). It was good hanging with all y’all. And remember, what happens in Vegas, stays in Vegas …

I barely traded today because I had a sketchy wifi connection and I am much slower trading on my laptop than on my home computer. If a situation is not ideal, don’t trade.

Daily profit: ($39.00)

SS 500 CBOU @ 9.01
Coverd 500 CBOU @ 9.09

On Watch

CHFI — Nice big spike and some fading today. It should go red tomorrow and then tank. I would short on red. ALFSS.

TMI – The new Superman pump. I won’t play it.

TSTC – Nice breakout today to all-time highs. Potential long on green, although it did go up a lot today and isn’t as cheap as I like.

NXTH – The blatant manipulation continues. While I have no proof the stock is being manipulated higher, the gradual uptrend with almost no dips is indicative of manipulation. ALFSS.

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy.

Trade recap and watchlist for October 20th

Update: Here is my auto-tuned trade recap in mp3 format.

DDRX & CBOU nice breakouts. DDRX had a positive article in IBD while CBOU is up in sympathy. I bought and sold at a loss DDRX at 3pm EST today. CBOU I played earlier on the break above $9. CBOU has crappy volume but DDRX should have nice follow-through tomorrow. The ideal play on DDRX would have been to buy it on the huge breakout above $26.

VRMLQ had a nice breakout above $20 today and I made $1 per share on 200 shares. It is less predictable for tomorrow and the spread is horrid, so no play here.

Trades today:

BOT   200   VRMLQ   false   Stock   20.00   USD   SMART   09:37:48       1.00
SLD   200   VRMLQ   false   Stock   21.00   USD   SMART   09:55:30       1.00
BOT   500   CBOU   false   Stock   8.87   USD   SMART   12:24:13       2.50
+   BOT   4,860   CBOU   false   Stock   9.009   USD   ISLAND   12:25:28       24.30
+   BOT   200   CBOU   false   Stock   9.000   USD   ISLAND   13:15:46       1.00
+   SLD   5,560   CBOU   false   Stock   9.222   USD   ISLAND   13:18:17       27.80
+   BOT   400   DDRX   false   Stock   28.980   USD   ISLAND   14:53:59       2.00
+   SLD   400   DDRX   false   Stock   28.400   USD   SMART   15:28:19       2.00

-$236 on DDRX
+$198 on VRMLQ
+$1199.92 on CBOU

Daily profit: $1161.92

Disclosure: No positions. I have a disclosure policy.

Watchlist for Monday

Please note that I will be in a seminar with Tim Sykes all day Monday so I will likely not comment as much as usual here. My two stocks on watch are both small oil E&P companies, so keep in mind the price of oil if you trade them.

USEG – Up 65% Friday on big volume. It closed near its high of the day so I think it has farther to run. They are a small E&P company that just had some good news Friday.

ROYL – Had good news on Thursday, ran big, then just ran up a little Friday, hanging around $3.60 most of the day. This could be a decent short on proper fading price action to red.

NXTH – Beautiful pump and dump. If any chart ever looks manipulated, this one does. Likely no shares to short when it fails, but would be nice to short on red.

Disclosure: No positions. I have a disclosure policy.