(MXC) The fist of 3 spiking AMEX microcrap nattie gas amigos with under a dozen employees…you wanna talk about the worst companies out there, well, here you go, hardly any business at all…but that won’t stop them from spiking because nattie gas has been soaring and people loveeeee speculating on these POS…couldn’t find any shares to short, too bad…
(PDO) The 2nd of 3 amigos, recognize this chart pattern? I’m short 700 shares @$6.20 because it faded gradually into the market close yesterday and I’m looking for it to take out stop losses at $6, so I can cover in the $5.60-$5.80 area…it’s a small position because I truly hate these AMEX commodity plays, you remember how KOG went!
(FPP) The 3rd nattie gas amigo, not really up or down enough to get e interested, although this spike is strikingly similar to the one a few weeks back and that time it faded 30% so I’m watching…
(ASIA) Pre-market right up to the key potential breakout zone just above $13, people seem to like earnings—I don’t know why, a Chinese company growing at 16% seems rather pathetic to me, but that’s just me…I might buy if it can breakout on high volume
(ICO) Reported missed on earnings, getting slammed, I don’t regret not playing it, I had no edge, maybe 60/40 odds favoring a short, but not good enough for me
(LNG) Bouncing falling knife play, who knows how far it bounces, not my kind of play, but maybe if it bounces enough quickly enough
(LVLT) A real company with a low priced stock making a big move—whaaaaaaaaat?!?! It’s an earnings move, not shortable, actually might be a decent buy if it consolidates well
(S) Another popular news-related real company mover, not really for me unless we get a 2-4 day spike
(UFPT) Nice second red day after near-vertical action—coulda woulda shoulda? Nahhh, sure, it was a nice afternoon fade into the first negative day, but that would’ve only yielded 50 cents/share—ideally—not really worth my time
Posted in Breakouts, Hot Stocks, Patterns To Short, Short Selling, Supernovas