Friday’s LiveStock on demand (discussing my inevitable buy of NANO)
Detailed July trading stats for me
Thinkorswim Trading Account: $147,793, lost roughly $1,000 on my DSTI short, this account is up 44% in 2010, up 141% in 2009 and up 1,090% since Nov. 2007 start
Conservative SogoTrade Account: $236,469, no trades, account is up 105% since Nov. 2009 start
Conservative Interactive Brokers Account: $190,246, no trades, account is up 27% since May 2009 start
Aggressive Interactive Brokers Account: $63,014, no trades, account is up 26% since Nov. 2009 start
Yesterday was a $3,300 profit day (I’m up $1,200ish so far on my NANO long) for the TIMalert subscribers listed below:
+449 NANO, Had the order queued up waiting for the breakout.
-mosseri
+444 NANO, Had to leave so I sold it before it broke out at the end of the day. -460 DSTI
-scott w.
+268 LOCM, One of my First Shot sells
-wonka
+563 NPWZ, doubled up on short of hotOTC pump … still short 24k w/ .082 avg from yest, +279 ADSY
-Reaper
+191 ISLN, buy in as recommended on big dip
-tavatar
+140 NANO, Tim alert
-provo
+110 NANO
-TMcnasty
Nanometrics Incorporated (NANO) I bought perfectly on the late day breakout at 12, this was a typical earnings breakout I have preached again and again with stocks like APKT, ISSI, CRUS, DDRX, BDR all of which BDR have run for several days and weeks afterwards (BDR is new, give it time)…those who watched LiveStock were prepared as I devoted the first 15 minutes to detailing why and when I would buy this stock…anybody who missed the 4% return so far and 10% return if you happened to buy the morning dip (as I explained how I tried to do), should be thoroughly embarrassed for you have thrown away money the stock market has bequeathed to you…you are very spoiled if you are rich enough to ignore near gimme returns of 4-10% in a few hours and today I will look to sell some or all into further strength as I’m hoping for some analyst upgrades…we’ll see, this is a historically slow mover so I’m not expecting anything past $13 although the breakout does look impressive so far.
A5 Laboratories Inc (AFLB) failed to break the key $1 barrier, instead dropping a few cents/share and having its volume fade too…this could be the beginning of the end for this paid-for pump play, potential short.
SMTC Corporation (SMTX) reported solid earnings, but since the stock had already runup 50% in expectation of such solid earnings, the stock dropped roughly 8%, exonerating me for my short from the prior day even though I didn’t hold into earnings…congrats to those who risked it, I don’t approve of such risk taking, but the odds definitely were on the shorts side given the excessive runup…no play now, good lessons for everyone including myself.
DayStar Technologies Inc. (DSTI) began fading back down to the low 2s now that all the buy ins appear to be finished…this will likely fade into oblivion in the coming months, but the difficulty in shorting these kinds of stocks means I must have no current position and only take a short position if we get lucky enough to short into a spike.
Blonder Tongue Labs, Inc. (BDR) has pathetic volume, but its consolidated well above the 2 breakout zone that inspired me to buy in the first place and I wouldn’t be surprised to some low volume spiking a la HSWI…potential buy although mind the illiquidity.
Local.com Corp. (LOCM) tanked another 10% to the low 4s from the low 6s as more investors read TheStreetSweeper’s awesome research report and considered the many potential consequences…remember Melissa Davis is not a trader, she has no reason to bash and all her points are researched and linked thoroughly…longs refuse to believe it, but this is just the latest sketchy penny stock in a long line of degenerates so I’m not surprised at all…I will not buy as LOCM didn’t even bother to refute Melissa, they just tried changing the subject with a weak buyback, wasting their precious cash to support their alleged scheme….no play I am just watching and seeing which side fires next and how the stock reacts.
Document Capture Technologies, Inc. (DCMT) is a small $16 million company up from 35 to 85 cents/share in 5 days without news or any blatant promotion, but given their last solid earnings report, my guess is they’re soon going to report another great quarter, no play either way yet, just watching to see how this plays out.
Onstream Media Corp (ONSM) spiked from roughly $1/share to the $1.40s on Friday on decent but ultimately fluffy news with Subway for their “revolutionary” b2b marketplace…funny that this marketplace 365 has been around for many months and yet we see no signs of it anywhere influencing the stock chart…but good job on using this press release for a solid spike, perhaps we’ll soon hear Jarret Wollstein joined the company for investor relations LOL. This is a bigtime potential short as this will inevitably fade back to its lows although I’m hoping for more squeezing of the shorts first…only 20 cents/share of downside right now so c’mon Wollstein or whoever is in charge of this promotion, earn your pay and give us something truly worth shorting!
Posted in Premium, Text Watchlists