HSW International, Inc. (HSWI) is back near its $8 highs, the illiquid “internet content” play just won’t quit…as happens “exciting” story stocks…color me unimpressed, but I will not short such choppiness and indeed I might even buy any breakout above $8 since its such a perfect top as of right now and many amateur shorts are/will be trapped…potential buy on the breakout although I will be extra careful given the illiquidity and the fact that I think it’s a bigtime short in the long run ie any breakout might squeeze shorts temporarily, but could be an ugly double top like COIN of year’s past.
China Architectural Engineering, Inc. (CAEI) has a solidly downtrending longterm chart, but has now bounced from 70 cents/share to $1/share on news they’re exiting their failing business and now are going to be in the online gaming biz…the good news is there is an Microsoft/gaming-industry veteran at the helm and IBD even speculated about the Shanghai ConnGame 2 months ago…potential buy going forward as this could be a multi-week/month runner, but its probly needs to rest first considering the runup was all in the last 30 minutes yesterday, not when the press release came out premarket.
BSD Medical Corporation (BSDM) bounced to the mid 2s as remember they did have positive medical news and the financing wasn’t so hugely dilutive as it could’ve been…no play yet, but I will look to short if it keeps spiking.
NXT Nutritionals Holdings Inc (NXTH) gave up nearly all its gains in just one day as longterm suffering bagholders took advantage of the spike to sell out
Liquidmetal Technologies, Inc. (LQMT) keeps downtrending as the company refuses to detail more about their Apple deal and all we have to go on is this new lawsuit and the massive dilution….people want to dip buy, which is natural, but I am not touching it until it can show me that it’s more than a one hit wonder
VocalTec Communications Ltd. (CALL) more than a dozen of you will be happy to know you all think the same as you emailed me LOLing about my “covering my CALL”….sad part is that not more than a handful of others participated in this PERFECT trade setup…I even wrote a post about why the setup was so great and why I’d risk $50,000+ of my money while I was flying yesterday morning….glad I got aggressive here, I didn’t have to cover, but with a stock at multi-day support at 34 and no clear way to tell if the momentum is really over or perhaps its just down due to the overall market and rumored earnings coming, well, I’m aggressive to a point…with my account sized the way it currently is, you will often see me locking in $3k in profits…potential short still…PS one subscribe in chat said “I just noticed that Tim covered CALL for a ‘solid win’ according to him…what kind of garbage is that? he had to invest like 54k in order to make 3k?” Well, making 6%+ overnight on a highly predictable pattern is yes, a solid win…not much more I can ask for except a better entry so my gain coulda woulda shoulda been closer to 10%, but as I stated in my initial alert, I was less concerned with a poor entry, instead focusing on getting my short off at all given the lack of widespread shares to short.
Zagg Inc (ZAGG) broke out to a new multi-month high on strong volume…no news so my guess is insiders are leaking news of some iPhone or iPad accessory, possibly related to this headline about a new iPad keyboard…see how hot any penny stock related to Apple and their top-selling products can be? Potential short if it spikes too much further, ZAGG is a perma-stinker
Isilon Systems, Inc. (ISLN) and Nanometrics Incorporated (NANO) both held near their breakout highs despite the overall crummy market, this is a bigtime positive although it’s too early to tell if this is meaningful price action or the company’s shareholders are just slow at adapting to the probable upcoming bear market (more likely)…potential buys though
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