BGMO — technically this is a buy on red/green or $1 cross (hat tip to Preston for finding this); but this is a really sketchy pink sheet company so I will avoid buying it. If it spikes another day I may look to short.
UTSI — buy on break of $2.43 or red/green
SHZ — buy on red/green or break of $2.00
IPII — short on green/red or a gap down of less than 10 cents (with stop at red/green). It spiked just a couple days ago and fell nicely the next day.
K-V Pharmaceutical Company (Public, NYSE:KV.A) — buy on red/green or strength, although there is a bunch of resistance around $3.20 to $3.40, so not ideal
The Medicines Company (Public, NASDAQ:MDCO)– buy on red/green or strength or on $11 cross or on $11.50 cross (look up large long-term chart to see meaning of $11.50).
Midway Gold Corp. (Public, AMEX:MDW)– buy on break of .93 (hopefull in two days)
Rubicon Minerals Corp. (USA) (Public, AMEX:RBY)– buy on red/green or strength
iMERGENT, Inc.(Public, AMEX:IIG) — buy on 8.47 cross or 8 cross
BONU — nice tank today, it would’ve been on my watchlist but I could never find shares to short.
My trading computer’s installation of Windows decided to die, so I am in the process of reinstalling all my programs. It could be up to a day or two before I am functioning normally again. I apologize for any inconvenience. Please post watchlist ideas as comments on this post.
I covered way too early on Vonage Holdings Corp. (Public, NYSE:VG) but still made $1645.36. I predicted that there would be a significant morning panic on Vonage today and I was right. I have to give props to Tim Sykes who made about the same amount of money on a much smaller position, riding VG down from $2.27 to $1.82. (Want to learn how Tim Sykes and I correctly predicted what would happen to Vonage and profited from it? Check out his Pennystocking Part Deux DVD. I have now made over $80,000 since June of 2008 trading Timothy Sykes’ system!) My total profit on VG this week, long and short, was almost $3000. Far from ideal considering my position sizes, but I’ll take it.
Vonage dropped from about $2.00 to $1.40, an easy 30% drop for those who waited just a few more minutes than did I.
Here is some music by Piffaro, my favorite trading music. I had it playing while doing my trade recap but unfortunately the microphone didn’t catch it.
No watch list for tomorrow besides VG. I’m short big VG overnight looking for morning panic tomorrow. Here is the video about the trade.
I took Vonage (VG) long and short today, but it was not ideal for a short. I also played a TimAlert. I wait with baited breath until tomorrow. I am back green on the week and I have made up for last week’s losses too. Not a bad day.
Watchlist
WAVE – long on strength, short on weakness.
VG – short aggressively on green/red.
