Yes, there will be LiveStock tomorrow from 1-2PM and yes, this was sent out early AM to TIMalert subscribers (I covered APWR at $5.48, pathetic gain, but it puts me up 150% in the last year now!!) of course:
Some decent plays, thrwarted by some of the usual obstacles, remember not to try to force something that isn’t there…
APWR was the TIMalert from yesterday, shorted 1700 shares at $5.54…while I knew it wasn’t an ideal play or execution price (never good when you immediately know that), I thought I could get 50 cents/share of downside as I explained in that TIMalert, very much based on the overall market/oil/pattern.
Well, I was right about the market as the Dow tanked 200+ points into the close, but considering the variables, this was a weak PennyStocking play and its 30 cent+ spike into the close—along with lots of other speculative names like YGE—is why I hate playing non-pump and dumps. At $5.76, I’m down $350ish, totally acceptable, but anything approaching or over $6/share would be unacceptable. I will cut my losses quickly even if the stock is in a strong strong downtrend so the more days I can hold it, the better my odds are. But I’m definitely not going for home runs in this market environment
TIBB had a low-volume late day run up of $2+, will try to reserve shares to short today for sure!
DTG was up 150%, but it’s now an earnings play…the chart is an overwhelming downtrend so I still might short, but only if all the early shorts get squeezed.
QELP finally dropped, but I couldn’t find any shares to short
CNLG dropped predictably, but there weren’t any shares to short at TOS. Supposedly IB had plenty, I’ll be opening an account there soon.
GRRF also dropped 20%+ predictably, but it gapped down offering no opportunity to really short.
SCON also dropped 20% predictably, but there weren’t any shares to short at TOS. Supposedly IB had plenty, I’ll be opening an account there soon.
Posted in Potential Plays