Sent to TIMalert subscribers early this morning:
Trading hasn’t been easy these past few days, mostly because there’s been a change in sentiment, this is a bullish environment now, no idea how long it’ll last, but when this happens, you gotta adapt, change from being aggressive short to a scared short…cut losses extra quickly…if there are breakouts, I’d even consider buying them
CVI is one damn annoying sotck! Two times yesterday it broke the $4.80 support, I shorted before both breaks and coulda woulda shoulda taken profits (TIMalert subscribers know I did cover the first time at $4.83, only because I had to go film my PennyStocking Part Deux DVD)…sucked up some losses the second time to basically lose like $150 on the day, boo hoo, squeeze into the market close shows why you gotta get out if support doesn’t crack…that support is still in play, whether it cracks today, tomorrow or never.
STEM was a good short yesterday, but only for 25 cents/share or so, big % gain, but not worth my time
LNG dropped 30% after its exponential runup…I couldn’t find any shares to short although I heard many of you banked form its options…good job, this is how CVI was supposed to act when it cracked $4.80! You just never know for sure…
CROX has surged from $2 to $3.50 in just a few days, still finished up yesterday, but price action was mostly sideways meaning sellers are coming in…I’ll look to short if it turns red today as a STEM-like drop is possible. (already reserved 2000 shares to potentially short today)
RZ has gone form $2 to $5, definitely a potential short candidate
PEDH has gone from $1.5 to $5, now back down to $3…sketchy little sucker…(already reserved 2000 shares to potentially short today)
CCPCN surged form $10 to $23 in 1 day, this is a unit of bankrupt Lehman, gonna be liquidated at $25, no play here
MECA surged from $2 to $4.50 in 2 days, now at $4, support at $3.50…(already reserved 2000 shares to potentially short today)
Tags: Potential Plays
