CHATROOM

10 SmallCaps Ready To Rebound

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With the market in rebound mode, it’s time we look at some beaten down stocks for potential bottoms. Here are 10 smallcaps, each surging by more than 10% today, their stock prices and the percent they’re off their year highs:

 

1. Artes Medical (Nasdaq: ARTE), $2.52, 76%

 

2. Idenix Pharmaceuticals (Nasdaq: IDIX), $2.59, 76%


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3. Building Materials (NYSE: BLG), $6.60, 75%

 

4. Meritage Homes (NYSE: MTH), $14.21, 72%

 

5. Noble Romans (OTCBB: NROM), $2.39, 69%

 

6. Beacon Roofing Supply (Nasdaq: BECN), $8.45, 61%

 

7. Fibertower (NasdaQ: FTWR), $2.44, 60%

 

8. Emmis Communications (Nasdaq: EMMS), $4.54, 58%,

 

9. American Commercial Lines (Nasdaq: ACLI), $17.24, 56%

 

10. Keryx Biopharmaceuticals (Nasdaq: KERX), $9.87, 36%

 

Disclosure: No positions

Posted in Uncategorized

  • YoungGunz

    NCEN and IPII are not available on ToS 4 mins after their trade desk has opened for the day. Will probably check back every 30 mins. I don’t know how things work behind the scenes but I’m hoping if people start requesting the shares they’ll start to try and find some to borrow.

  • YoungGunz

    damn, are all the subscribers lazy Californians?

  • YoungGunz

    Still none available at 35 mins after the trade desk opened.

  • prognesubis

    ALC, three month CUP and Handle?

  • notesguy88

    none still available at TOS of either NCEN and IPII. I asked “Ira” if there were any available earlier. He said there were some but were already taken. LOL

  • Rastabadboy

    Looks like IPII is up about 18% in early trading.

  • Reaper

    Only 2k shares of IPII available at IB.

  • TheParadox

    #DeadCatBouce

    on moznet/mozilla.org

    i probably won’t be there much of today.

  • Reaper

    dude, you spelled it wrong.

    #DeadCatBounce

  • awgregory

    Guys, what is #deadcatbounce?

  • notesguy88

    awgregory. That’s the IRC chatroom.

    You can go there using http://www.mibbit.com.

    Select IRC: mozilla.org

    Enter your nickname

    For channel, enter: #deadcatbounce

  • mrlloydum

    thats the chat room they are meeting at. Go to http://www.mibbit.com pull down mozilla and put #deadcatbounce in the channel, put your name in nick and your there.

  • be-the-ball

    no shares IPII at my 3 brokers. NCEN neither

  • be-the-ball

    SEED will be a short in a few days

  • be-the-ball

    there goes IPII, no shares anywhere.

  • http://traderboob.blogspot.com boob

    IPII down. i missed it

  • YoungGunz

    ipii broke support and the 3.50 stops like time called. holding support around low 3.30s. can’t get any shares still

  • kaim2196

    SMNX is up 10%! Any of you thinking about shorting these buddies?

  • jeepee2008

    after a week of no trading got back in for a small scalp on NGAS 500 @ $6.31 n covered at $6.11. it’s not much but at least I’m not loosing…

  • Jackynyc

    shorted XRIT at $3.94, anyone interested? This is a BS company, trading valume is fading and looks like it ‘s going down.

  • patelt78

    Jackynyc, I don’t understand why you shorted. The daily chart shows that XRIT has been gradually rising. Not exactly the type of chart that is good to short into.

  • Jackynyc

    Thanks patel, i will keep my eyes on it, especially if I brakes $4. I shorted it simply because there are lots seller than buyers on Level II.

  • awgregory

    notesguy, It got “no results found” when searching for #deadcatbounce in the channel search box. What am I doing wrong?

  • patelt78

    aw, make sure you have selected mozilla in the drop down

  • AdamN

    Shorted STSI @ 2.96. Tested previous high of $3 a few times today and failed to break it. Holding a tight stop loss in case it decides to break past $3.

  • http://www.guerrillafinance.org daskapital

    Which broker are you able to naked short small caps like STSI. E*Trade will not allow the trade.

    Just getting into TIM ALERTS and enjoying it. Thanks.

  • AdamN

    Using ThinkorSwim to short STSI, and I am not naked shorting it. I get TOS to pre-barrow shares in advance, then I short it.

  • http://www.guerrillafinance.org daskapital

    I never hear of TOS. They allow small cap shorting, cool. Do you conduct all of your TIMALERT trades through them? I’ll move my some of my $$$ to them right away if so.

  • Reaper

    Tomorrow I get my fourth monitor in the mail. Woohoo! And my new trading software/account should be open and ready to use. Which means more borrows for everyone else at TOS and IB.

  • YoungGunz

    Tim’s whole account is in Think or Swim.

  • AdamN

    daskapital, Tim has a blog post on various brokers that allow shorting for pennystocks. TOS isn’t mentioned, but it’s the broker most recommended on this site for newb’s.

    http://www.test.timothysykes.com/admin/2008/07/30/a-solid-guide-to-various-penny-stock-brokers/

  • http://www.guerrillafinance.org daskapital

    sweet. thanks all. cheers!

  • krakken

    is there a charge to borrow shares with TOS? Also, how do you do it? Call em up or e-mail or through their site? TIA.

  • Mark

    Why is nobody talking about RHD? This thing is up %100 in a week. Tomorrow could be gap and crap time. I have 2000 reserved and ready. By the way Tim, I made $840 on MITI the other day. Thanks.

  • yaktipper

    RHD is on a lot of radars here. I almost went long this morning, until it hits the magic volume fade + red day. Then I almost went long again in the afternoon when it pulled back to 3.75.

  • yaktipper

    Fully expecting it to crap at any moment, if that wasn’t clear…… But it keeps climbing the stairs. Why not climb with it.

  • Mark

    RHD. It’s a failing company that’s spiked 100%. I can’t wait to ride it down any day now. It’s never a given, but boy it seems like a good bet that this thing is gonna tank.

  • mrscott21

    I went long on RHD yesterday and pulled in $363. I’ll let you shorts take over today.