No worthy trading opportunities on the horizon, just a bunch of rugrats…to pass the time between worthy plays, I just unleashed several new categories in the FORUMS, most importantly, CONTESTS, to which I need your replies because I’m gonna start giving away products like crazy to my valued readers and feed subscribers. (one of 19 blog projects in development, seriously, to help make this stuff more fun!) So, def. tell me what you want so the prizes don’t end up looking like this:
Oh yeah, here’s what microcrappers I’m watching:
SEED’s horrific earnings report and 30% crash in stock price shows just how bad most of these hyped up companies really are business-wise. Wait a minute, business perception isn’t the same as business reality? Grow up Peter Pan, Count Chocula, welcome to PennyStocking! Naïve buyers beware on other microcrapper agris COIN, FEED, NOEC and GRO.
So much for the sun possibly coming out on microcrapper FRPT as after the close Friday, they “discovered” accounting problems, delayed their earnings report, blah blah blah, just the latest example of why you should never trust optimistic management (a few weeks ago, they kept saying the future was soooooo bright), especially when the stock gets hammered (institutions bail quickly when the ‘crap’ in microcrap doesn’t seem so micro anymore) and they claim innocence. These guys are guilty, guilty, guilty of being typical microcrap management scum. Don’t say I didn’t warn ya! Stick a fork in ‘em and keep an eye on which company they crawl to next for what will probably be another fun pump and dump. Shake and bake, baby, shake and bake!
For the past decade or so SWC and VLNC really have never had anything to cheer about, but now that both stocks—despite being in diff. industries—are surging, their shareholders are going crazy at open mic night belting out Bush lyrics, “I don’t wanna come back down from this cloud…it’s taken me all this, all this, time”. You and I both want to tell them to shut the hell up, but we can’t because we respect, we don’t get in the way of, runners like these, no matter how bad their singing voice is. That is until the bartender calls last call, signaling sobriety will soon kick in—and with these solid charts, that doesn’t look to be happening anytime soon. Same goes for just about every hot commodity play out there, HL, EGO and PAL—let these kids have their fun, many will crash and burn in fiery drunken driving accidents!
Ah MNTA, another nice little biotech rebounder, based very well all day on Friday between $9.50 and $10.50, I don’t like shorting stocks that base after gains, I prefer spikes and afternoon fades. Sooooooo, this one has to go a lot higher to make it worthwhile, good luck with that (but I’m rootin’ for ya kid!)
And hopefully by now, you’ve learned not to look at strong earnings plays OVTI, SAPE, JRJC and NOVL as shorts—nope, great earnings + a great reaction to those earnings = odds shift to favor the bulls for the next few days/weeks.
No positions, looks like nothing great to trade on Monday, patience, grasshopper, patience
Posted in Giveaways, Potential Plays