Goode Trades

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.

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.

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.

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.

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.

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.