Long 200 APWR @ $18.46 Overnight
Speech at the Trader’s Expo went incredibly well yesterday, some people came from as far away as Maryland just to hear me speak, or so they say. Some company recorded it so I’m sure they’ll be offering it shortly, Powerpoint presentation and all, not sure if it’ll be overpriced, but probly.
Funny story about using Bill Gates to tout a Penny Stock, actually kinda interesting
New SEC rules shortening holding period for restricted stock!
See that “Get In My Top Spots” on the right hand side thing, sign-up so I can continue this honesty quest and never have to be tempted to sellout
Stupid Media Fight: CNBC vs. Barrons over Cramer
Nature Vision (NRVN), a POS little $4 mil company with average daily volume under 10,000 doubled today, no shares available to short, action reminds me of Grand Toys (GRIN) the other day, which I missed filming with CBS. Unlike GRIN though I couldn’t find any NRVN to short today, not that I wanted to really, waaaay too scary, but the odds of success get much better if it becomes a 2-3 day runner, squeezing the early shorts
Bought 200 shares of best of crap breed company breaking out A-Power Enenrgy (APWR) at $18.46, on the afternoon intraday, 5-day, 10-day and nearly an all-time breakout (on little spike over $19 is all that stands in the way). This is what I mean when in my DVD I say to buy stocks enjoying breakouts over multiple timeframes. Yes it’s a lready spiked twice and failed—I got out for a quick $1 the first time, didn’t play the 2nd, but this is the first spike to occur into the close and thus it’s the most likely to continue the next day. Similar to me buying COIN the other day on a multiple timeframe breakout, which was screwed up by negative overnight news. So far, no negative news on this one, so a morning spike, most definitely a pre-market one, looks to be in the cards. After that, I doubt I’ll hold, too many big block sellers and too light volume for me to trust it. Only way I’ll stay in for more than an hour or two is if the volume impresses me.
IDM Pharmacueiticals (IDMI) continued to annoy short sellers. I was wise enough to cover my short before Friday afternoon and the ever so common Monday morning spike, but I shorted 1,500 shares today at $3.23, held for what seemed like forever, but was only a few hours and covered at $3.20 when it looked like it’d never break $3.15. Made like $25. It did eventually break, but then it spiked, broke again, spiked once more—what an annoying play! I’ll only short it if it breaks $3, that’d be a multi-day breakdown, hopefully it cane spike again and fade into that tomorrow afternoon or else it’ll just hold up like some strange biotechs like QSC seem to do and then we’re talking days, weeks or months before a good solid breakdown. Bleh!
TITN excellent morning gap on IBD news, then fade
CTIB midday spike on Walmart rumors, bailing out the people who bought in anticipation of a Crain’s article
Afterhours Spacehab (SPAB) failed to get their NASA contract, that means no financing, stock down 40%, company screwed. Coulda woulda shoulda held my short from last week, betting this company would fail. When in doubt, always bet on these microcraps failing—there’s a reason why I’m so cynical!
Got a big dinner, I’ll add charts to this post later to make it all clearer.
Posted in Link Love, Patterns To Buy, Potential Plays