TIM $14,648, Up $31 on the Day, Holding 120 Shares of SOLF @ $27.98 Overnight.
My latest AOL article, 10 stocks to buy amidst all the turmoil (notice I say pay no attention to early/mid-day strength, it’s the afternoon that matters!)
Busy, busy, busy day, appointments, TIMtv planning and a few surprised you’ll see shortly… pissed I missed that late day rally, God that’s a beautiful pattern. I was in and out all day, tried scalping AKNS mid-day, thinking it’d bounce hard off support at $10, bought 300 shares at $10.07, but sold quickly at $10.21 when the bounce took too long and the market began tanking hard. It did bounce to $10.40ish, but I wanted $10.75-$11ish, so I sold on the downtick, protecting my tiny gains—turns out I was right as even with the market spike, it still couldn’t hold $10. Good trade, gotta buy into support and expect it to hold—not as reliable as short squeezes, but shorts gotta cover sometime!
Came back home with 20 min. to go, I got long 120 shares of SOLF at $27.98 right before the close, should have a nice $1 gap up or so, simple, simple pattern, just as I like shorting into the close of exceptionally strong stocks on their first down day, buying exceptionally weak stocks on the first up day (okay, it didn’t finish up, but it did rebound nicely, so I’m sure the shorts are scared). The stocks themselves don’t even matter, it’s the patterns baby!
ESLR holding up much better than the rest of the Solar’s Eleven, meaning it’s either a great short or a great buy. Judging by today’s action and the state of the overall market, I’d say it’s gonna be a breakdown, but I’m not betting on it.
I screwed up the link yesterday to that crazy chart that proves microcap volatility is alive and well. Here it is.
PRXI bombs, CFO is gone, damn, maybe I have a future as an analyst calling BS on fishy smallcaps, see my “research report” from last October! Just the latest in a long lines of Penny Stocks I’ve played to eventually bomb and not remain double digits. (BOOM is the only Penny Stock to ever make it, AOB is trying hard to be the second, but I’m guessing 6-12 months from now, AOB will be single digits again—just like Titanic, third class passengers can only enjoy the upper level for so long before getting knocked down to the third class cabins!
I’ll have more later…
Posted in AOL