CabelTel International Corp. (GBR) and KENTUCKY USA ENERGY INC (KYUS) are the stocks I’m targeting to short today…GBR because Friday was its first down day—which I missed due to LiveStock—even if the spread is ridiculous…hopefully there’ll be an opening spike due to oil…KYUS didn’t finish red, but the momentum definitely suffered, let’s see how many more mailers these guys can send out, can’t go on forever.
I also missed the roller coaster known as Sino-Global Shipping America, Ltd. (SINO)—all you people buying Friday afternoon are just complete morons. Seriously. Have I taught you nothing? Why the hell would you ever buy a speculative company that’s already risen so much, especially when it cracked support at $24? Did you believe the message board hype? You really haven’t watched my PennyStocking DVD yet, have you? For shame.
Then there’s the royally volatile oil-related plays Mexco Energy Corporation (MXC), Pyramid Oil Company (PDO), Fieldpoint Petroleum Corporation (FPP), Solarfun Power Holdings Co., Ltd. (ADR) (SOLF), China Precision Steel, Inc. (CPSL), Pacific Ethanol Inc (PEIX) and Royal Energy, Inc. (ROYL)…all up a ton, down a ton, now bouncing…think of these stocks like bouncing balls on a wooden floor—the momentum will gradually die out, but its exacerbated by long-term-minded shorts who get squeezed…I might buy ‘em on any breakout, short ‘em on breakdowns, obviously leaning towards the short side…
Vivus Inc (VVUS) is up 40% on positive drug news, with a few intraday dips, news ain’t that big, expect more dips, possible bigtime reversal, still not up enough to get me really excited to short though
Third Wave Technologies Inc (TWTI) is the only one worthy of getting its chart shown cuz it’s a perfect breakout of $10…last breakout it went from $6 to $10 in 3 months, let’s see how far this one goes
NWOOF is a gray sheet, not even up to pink sheet level, so they had some oil news, not up enough to do anything about it and I can’t even see its intraday price action
Last but certainly least, ECHO SATELLITE COMMUNICATION (ECSC) is up a bit so I’m keeping an eye on this pile of dung.