After a week of solid play after play after play, this week starts out with
a thud. Good, I need a friggin break! Of course, I’m still watching, but
I’ve also got a 1-on-1 coaching session here in NYC today (contact me if
you’re interested)…
RUTH reported horrible earnings and tanked big last Thursday…Friday was a
different story, surging 61%, especially into the market close…it’s got the
kind of horrible chart I look to short into strength…buyout rumors though
so I need this to be up bigger
HSNI is now 50% off its highs, understand that my quick profit/loss cutting
is just one of many PennyStocking profit angles, there’s some serious $
to bank if ou have the patience to hold for a few days/weeks, give these
companies a chance to show them how bad they really are.
MECA, oh yes, my TIMalert short pick the other day from the other day at $3.95 is looking pretty good here at $1.99…yup, I profited $500ish and left
another $3500 on the table..some more evidence how much more $ there is to
be made down here in the gutter, whether or not I play it right.
ZYXI has now doubled off its lows…maybe it’ll keep going, maybe it’ll
rollover, I’ll try to reserve shares just in case, fat chance of me finding
any.
THRM had a nice morning panic of 30 cents/share—no, TIMalerts wasn’t
responsible, I ignored it, just goes to show you these patterns occur fast
with or without me…suck on that critics…still, it wasn’t really up that much
to get me excited even though I was able to reserve shares to short…earnings
tonight, no thanks, too unpredictable.
STEM is still 75% off its lows, but its price action it too choppy for
me…remember, I recognize I’m not a great trader so I need perfect/simple
charts, “advanced traders” can enjoy, I’ll sit this one out.
VRS had its first up day, but its due to earnings, possible bottom, not a
short.
WNR has doubled over the past few days, but it’s very very gradual…not for
me.
Posted in Potential Plays