This was sent to TIMalert subscribers at 6AM this morning (the daily video watchlist of the 2 best stocks were sent to PennyStocking Silver Subscribers):
Detailed analysis of my May trades
How we investigate trades reported on Profit.ly
Thinkorswim Trading Account: $136,615, no trades, this account is up 33% in 2010, up 141% in 2009 and up 1,000% since Nov. 2007 start
Conservative SogoTrade Account: $227,207, account is up 97% since Nov. 2009 start
Conservative Interactive Brokers Account: $184,933, no trades, account is up 24% since May 2009 start
Aggressive Interactive Brokers Account: $62,902, no trades, account is up 26% since Nov. 2009 start
Wow, today was a $2,800ish profit day (no trades for me) for the TIMalert subscribers listed below:
+468 FORD, +336 NBIX, Another great lead from Tim!
-RB
+505 XIDE, scalp on end of day sell-off
-duzas
+770 TZA, -450 PBTH, I tried to play a few swings with no luck
-boris
+710 CABN, shorted 60k @ .118 covered no way down, avg .106 or so; +448 AMEL
-Reaper
Penwest Pharmaceuticals (PPCO) jumped 26% to 3.50 on positive patent litigation news…the breakout is 3.88and it got close to breaking out at 3.70, but it’s just not a volatile stock in the past so 26% in one day is a ton…this is a potential buy on any breakout, but volume must remain high and some more positive catalysts are probly needed for a push over 4 before I buy.
MOP ENVIRONMENTAL SLTNS (MOPN) has spiked from 7 cents/share to 25 cents/share in 2 days on pure hype and pumping…it’s an obvious potential short, but good luck trying to find many shares to short…all I can do is hope for another round of pumping to squeeze current shorts and open up new share availability
Enviro Voraxial Technology, Inc. (EVTN) dropped 20% right at the market open as those insiders who have millions of shares at the 15-40 cents/share area took advantage of CNBC viewers who were lured in by a bullish report….good job CNBC, you just lost a few more viewers and reinforced the incorrect notion that “penny stocks are unpredictable”…penny stocks are NOT unpredictable, pathetic attempts at research simply burn people and for that firms like CNBC should be ashamed and newly crowned senior editor of CNBC.com John Carney should be quick to not let this happen again….this is CNOA all over again except instead of hyping a paid promotional stock, CNBC has pumped your typical failing penny stock company that has existed by selling tons of shares at massively discounted prices, helping insiders reap some serious gains….no play now, not enough downside, not enough spiking.
PROLOR Biotech, Inc. (PBTH) did indeed breakout on stronger than average volume, but the breakout was 25 cents/share and the new conference turned out to be a non-event…potential buy for the patient as this could really run over the next few weeks if volume remains strong….nasty AMEX too though so bad fills are the norm.
Emisphere Tech., Inc. (EMIS) and ChromaDex Corp (CDXC) are both now nearly 10% off their highs and potential double tops…EMIS in particular looks like a perfect double top at 3.50 now on falling volume…both are still only potential buys for me AFTER decisivie breakouts, ideally accompanied by real catalysts.
Hauppauge Digital Inc. (HAUP) keeps dropping 10 cents/day smack into the disbelieving longs like Lionmaster and his band of unlearned followers…this will be a potential buy soon if and when it starts going sideways and has enough volume with a solid PR (yes, a lot must come together to make me buy into a falling knife), but without any catalysts, this could drop all the way to the low 1s before it rebounds and any rebound might be slim to none anyway….no play for me now.
Jones Soda Co. (JSDA) rebounded to the 1.70 area making me feel better about my 1.75 buy to cover…no play now as it’ll probly continue being choppy and boring, they need another hyped up press release or two!
Posted in Daily Stock Watchlist