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, lost $700ish on DSTI, made $200ish on SMTX, 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 $2,700 loss day (lost $1500 between DSTI and SMTX getting forced buy in on DSTI) for thelisted below:
+279 ADSY, a couple scalps and a day-trade short, each 45k; still short some more
+438 SMTX, looks like resistance at 3.40 ish, -120 SMTX, -140 SMTX
-700 DSTI, forced buy in at IB.
Arena Pharmaceuticals, Inc. (ARNA) did what any illegitimate pump and dump does, it sold $50 million worth of stock this morning to take advantage of its runup in price…when will people learn, 2011? 2015? Might as well be 2080…they will surely claim they are a legitimate company, but its impossible to judge biotech’s…the good news is they got 6.70/share for the stock so while it may drop a bit, the downside will likely be limited given the financing is just 30 cents/share below its current price, potential short…put it on my to do list when I become head of the SEC in a few years….seriously.
Hauppauge Digital, Inc. (HAUP) squeezed shorts from 2.1 to 2.9ish with some fluff news, but it couldn’t even hold up all day long before fading to the 2.50s, potential short for all eternity, this stock, its company and its products all stink. But please shhh, lets pray they can spike it some more to give it more downside
A5 Laboratories Inc (AFLB) is a paid promoted stock that until now has done nothing, but is now threatening to breakout…potential buy, doubtful, the sellers look to be everywhere and remember it can and will collapse at any minute…always a potential short, especially when this little spike looks to be fading, probly a few days from now.
SMTC Corporation (SMTX) had no big sellers despite a weak overall market open and first down day to help my odds so I covered for pathetic gains at 3.43 to protect against a morning spike…typical good trade that didn’t work out. It was choppy all day long and earnings came in decently so the stock is up a bit…probable no play now for me unless it can start climbing gradually and then it might be an earnings breakout buy.
DayStar Technologies Inc. (DSTI) is just a sad situation…Interactive Brokers bought my short position in the morning at the open and I had no way of knowing the execution price or event hat it would happen…usually they warn you, but I didn’t receive any…very sad broker, but that’s what I get for stubbornly clinging to my short when it successfully defended 2.10 again and again and again…painful $1800ish loss is a great lesson for your truly, no play now, this is why I gotta continue to be quick in and out and not let this happen just like it did on NEXMD with me a few weeks back too.
Blonder Tongue Labs, Inc. (BDR) dropped a bit yesterday, but is still above the key $2/share level that I bought at because the earnings were meaningful…volume is fading very fast though so I won’t touch it either way when it gets this illiquid.
Local.com Corp. (LOCM) continued sliding a bit despite the company issuing a buyback…they forgot to deny ANY of TheStreetSweeper’s allegations meaning they’re basically all true…down a ton afterhours and this thing could keep sliding…some wannabe traders were posting all day long they were going for a bounce, but they haven’t learnt the lesson never to catch a falling knife, especially when the research is sound. Potential buy only if it really crashes too quickly…I won’t short this either though as you know the company is gonna do more to defend themselves—especially if they are a scam, they HAVE to try to prevent being flushed down the toilet…the harder they defend, the more skeletons they likely have.
Web.com, Inc. (WWWW) held its prior earnings gains well, but started fading late day yesterday…let’s see how much it can fade, for now, it’s a choppy stock that has been basing higher…will its longterm failures and bagholders galore catch up to them? Likely yes: potential short.