Thursday, August 28, 2008

WATCHES 8/29

LMRA STXX NCEN NSMG JAGH MOVE MBHI RHD STSI AVGN BDSI TGIC GSAT PGOG HMX CYTK CGAG CHFI KYUS SIFY

TRX continues to open up,very very seldom holds it's gains
GBRC still hanging tough ,one day soon this pinkie won't and it's gonna be nice imo...still stalking

Wednesday, August 27, 2008

WATCHES 8/28

Ooooh,we got some rock 'n roll charts for Thursday,

Chart these 2 or more day runs:

VUOC CHFI COMV ALJ NCEN IPII WEGI FIGI NSMG JAGH
Some wicked moves there.

Also on watch:
RBY TGC TLB BGP NAK APP SIFY AIDO SHZ ZQK

Ring that open bell for Thurs!

Tuesday, August 26, 2008

WATCHES 8/27

GBRC RHD RBY HDLM COIN ANPI FTBK BTIM CHFI SLP MELA TMA MEDT IPII ECRO NCEH TRX NSMG PGYC WEGI

8 here under a buck so leave them alone if you aren't comfortable with them....me I love them.
Might be hard to find borrows on a few I really like...CHFI IPII ECRO but IB has a way of finding some out in the "back lot":)

Got my red on Fuller pump XDSL today,I'm hoping to ride this junker way down!!
Covered VIFL for decent 21%.
Still in short nice gradual dropper SNMX from 4.60.
Folks get antsy on these kind but it's ok with me,I'll take the "no heart attack" sinkers anytime...it's about compounding.
That's why you need a decent account to really make this thing work,to wait them out....so YOU don't need to work.

Shorted besides XDSL, FEED for 6% ..COIN at 4.25 ...TRX at avg on double up (got caught on first attempt short) at .52 ..still short QI PDRT VITA ...missed BIPH,will try again if hits/dips green .. MITI very nice still and BESN still stinkin' it up.

GBRC a tough bit** today,wouldn't hold red,one day it will imo and gonna be nice.
HDLM another toughie today,came from way red to catch green and run 16% into close.

Top watch for me BTIM,looking for the gap and crap or gap and run run,catch it Thursday,patience.

Edit: IB came through...CHFI IPII ECRO all not shortable last night,now they have borrows.

Monday, August 25, 2008

WATCHES 8/26

A bunch of stuff worked short today.
Most notably HDLM a 8/22 watch,also mentioned by Timothy Sykes the other day.
BESN also on both mine and Tim's.
MITI CHTL both worked.

SNMX and VIFL which I'm still short in good drops.
Will cover VIFL on first sign of green,have very big profit so far there.

From watches today caught both QI and VITA short,both easy borrows on IB.
Tried to get OGXI but couldn't get borrows,should have got them Friday when there were.
Never near green today and fell 20%.

Nailed STSI almost on the exact b/o from scott hod list.
I knew it had news pending with RJReynolds and caught it nice at 1.85 on it's volume/price spike.

(Aug 25-11:02) 13th_Floor: big pop STSI
(Aug 25-11:02) 13th_Floor: vol spike too

tomorrow my tops short watches :

GBRC FEED RHD TMA BIPH EXAS TRX XDSL

XDSL a jason fuller pump ,b/o at exact moment of email alert Friday.
I'm just waiting,waiting for red.....if the true pennies bother you,please leave them alone...plentty out there without them...I just love the chase.
TRX watching for the premarket gap up tomorrow...,didn't hit the pre leader board today and opened up,ran huge

Saturday, August 23, 2008

WATCHES 8/25

RHD ENAB QI PTA CHTL MITI BESN VITA OGXI FOUR IUSA SGN XDSL

XDSL a jason fuller pump,he said in email earlier in the week he'd alert before the close Friday and oh he did ,,, at 2:34 p.m
Look at the one day chart...see what happened at 2:36 pm?

Next week for us shorters could be great if some of the ones that bounced big Friday can continue to run (until then I view them long biased).
Among the ones I want to run and run hard are:

EJ ABAT ELGX CSGH HAYZ GBRC (please) CALP RVI RODM SHOR LNET CSK APNT IMGN GRZ VM BLUS EXAS.

To paraphrase my friend Timmay at timothysykes.com:
"They aren't up enough yet to really interest me" but some no doubt will be soon, keep on watch

PDRT KRY TGC VIFL SNMX FRG all slide some Friday from the watchlist KRY real nice on a gap and crap.
FRHV, the Beacon pump still working to the downside short and losing volume:)

All 3 I mentioned I was in short in Thurs post, VIFL PDRT SNMX all lost some more ground,nothing great but no heart attacks either, just more profits,although nothing great but I'll take it for sure.
Compound!

Friday, August 22, 2008

TRX AGAIN!!

Shorted a ton of TRX right out of the gate, filled at .48.
Again it was on the IB premarket leader board...20% up!

7 days in a row now this has opened higher than previous close and has fallen,often BIG!
Today it opened at .50 from yesterdays close of .45 and immediatly fell to lod .30
Covered my short at .32 for 33% no sweat profit.

If you haven't read it,read the post below on the details of TRX.No doubt this pattern will stop but right now it's hot and I'm taking full advantage of it.

Look at that group of red candles on it since 8/14.
Not much better than that...predictable gap and crap,prefaced by a leader board pre up,even more unbelievable ....oh yeah.

Newbie Update

Hey y'all!

So when I last left you, I had sweated out a weekend of holding a bunch of shorts (well, 3, to be precise)... and when I say 'sweated', I mean it! I thought I was going to have a heart attack. But I didn't... and now I can tell you the outcome of all that fretting!

So in my last posting, I told you that I had just shorted PMI, GWDC, and UPFC and was holding them over the weekend. FYI... my positions are usually in the $1,000 to $2,000 range.

PMI (shorted at $4.20):
On Monday, PMI dipped right at the end of the day and I covered 2/3 at $4.01 (that's all that got filled). I was a chicken and just wanted to get out of PMI without a loss. There's that impatience again!!! So, I made a tiny bit on that trade... about $40. Then, on Tuesday, I put a limit buy order in at $3.63. That hit sometime between 10 and 10:30 that morning... I netted about $90 on that trade. So, $130 on PMI... not great, but not bad. At least it was green!! But, if I had been patient, I could have made a whole lot more over the next day or two.

GWDC (shorted at $.15):
Watched this guy all week... and I was just positive it was going to go down. I mean... the news on this guy is just ridiculous!!! Management is trying really, really hard to get their June 30th financials out! I mean, come on! You just know that whatever comes out in their financials ain't gonna be pretty! But, by yesterday the volume was down to nothing. SSSSSSLLLLLLLOOOOOWWWWW as molasses. I was already up 30-some% and I was ready to get out. So, this morning before the market opened, I got onto my Schwab trading software to enter a buy order, and I see that the symbol has been changed to GWDCE (because this stupid company can't file their reports on time)... and the bid is .20, ask is .21. WHAT?!? Last night it was B .09, A .10! WTF is going on? Is there news? Nothing good that I could find. Finally the market opened and the B & A went back down to .09 / .10. Thank the lord for that. Just a mini heart attack this time! Anyway, I covered at .10 for a net gain of $370. I'm pretty happy with that.

UPFC (shorted at $3.95):
Watched this one all week too... and knew it had to go down eventually. But I was getting sick of waiting, especially after the low volume yesterday (and I thought GWDC was slow... this one was worse). So I covered at $3.46, netting $220 or so. And because I got out, UPFC then felt free to plummet down to $3.20 or so over the rest of the day... I had been the impediment (kinda like what happened with PMI too... once I cover, down they go!).

All in all, though, I have to say that I'm pretty happy with how this all turned out. I'm about 3 weeks into this shorting stuff and almost all of my trades have been profitable (13 out of 14). Oh, but that one that was not profitable was a doozy! I'll save that for another posting! Bottom line though is that I am in the green overall.

Holding a couple of short positions again for over the weekend: SOBM and BLD. Will let you know how that works out.

Feel free to leave comments, feedback, thoughts, etc.. And have a great weekend!

TTYL!

Thursday, August 21, 2008

WATCHES 8-22

HDLM RAE PDRT FOUR RHD KRY TGC IUSA FRG ENAB VIFL SNMX BLD PVCT MITI CDY SLAT BESN TMA IBCIQ

BHBC worked well again today...hoping it runs again...been nice short on red after a run.
FRHV, the Beacon pump worked too..always watch those ones

HDLM RAE ENAB VIFL SNMX PDRT all may be real nice shorts on red.

I am in short VIFL SNMX PDRT from today.

TRX

Just one amazing cash cow the last 6 days.
These last 6 days it has gapped open higher and fell after open.
Also it has been on the IB premarket leader board 5 out of those 6 days.....today was the best and soooooo easy.
In pre it was up 18%.
It closed wednesday at.65, opened today at .70 and closed at .45, 31% red.
On 8/15 it closed at .97, on the following trading day,8/18 it was again on the pre leader board up 20%.
8/18 it gapped open to 1.05 and steadily fell to .70

Maybe this pattern will die out, but I'll milk it as long as it continues.

From the 8/19 chatroom:

(Aug 19-08:59) 13th_FLOOR: TRX on leader board like yesterday,yest it got smoked after open
(Aug 19-09:00) 13th_FLOOR: got borrows ready TRX
(Aug 19-09:04) 13th_FLOOR: i want the gap and crap

Wednesday, August 20, 2008

WATCHES 8-21

PFAP RAE BHBC PDRT WDG HDLM CEDU CHTL LMLP FOUR(again) EEE PVCT BLD VOYT FRHV

BLD still right under 3 and not giving up...yet

Add SOBM,Chas caught this one in a comment here,,.nice chart to short into on red,thanks Chas



I'm gonna start a new feature called "The dark bitch's" best risk/reward play cause of this great post by my friend Timmay:

http://www.timothysykes.com/timsykes/2008/08/20/morning-watchlist-7-stocks-today-you-guys-gotta-chat-without-me-today/

It's close between PDRT and PFAP but I'll go with PDRT cause it is so crappy in past.
What you think Dark Bitch #2??

Tuesday, August 19, 2008

WATCHES 8-20

Bad day on the street but nice for our watches... 17 of our 19 watches finished red,some flattish but some real nice droppers, 8 more than 10%.

One thing I don't get is I post these as short watches and in the chat I'll say I'm in such and such a stock....folks can see it's gone red but they ask me if I'm in long or short...huh???

Anyway,my friend on the other,more popular "short" site says today...all the hyena's took all the borrows on POGS.... I posted it 14 hours before your alert was up on POGS... just the way it's gonna work I guess.

Still in BHBC short from 2.28, ( gotta love those low float banks that run up )about as good as it gets,will cover on any green as I did today on BIOF,another real nice one.

FMD, i heard it said "don't short this yet"...It's a student loan company...how good can the news be??

ZYXI APII continue to crumble, congrats to those still in short!!


STILL IN SHORT FOUR!

Watches:

PDO EEE HYGS PVCT CHTL LMLP BLD GZGT NBF AUMN SOLM BUF VRAZ PTEK FRHV

The 2 that were green from todays watches BLD slightly only and has red floater and FRVH the mighty Beacon pump.
Hope FRHV keeps going, cant wait.

SOLM i'm in short,it really is junkie, doubled in 3 days,hoping for alot more downside.
VRAZ still stuck in short, just waiting and may add more.

An example to me of a "non-perfect" perfect play short was CROX, that was the kind I rely on for steady short profits.

PVCT decent running chart.
CHTL smoked Monday,up huge today...news today not that good imo...a top watch for me
LMLP still getting pumped,dumped nice before off that scenario 3 times!
NBF awful chart, hoping for a gap and crap.
PTEK, remember it?..getting chippy again,red floater today. 3.50 to over 5 in 6 days.
BUF "messy" chart but near 2 and had tight spread for low vol stock. Puts up some big candles=nice dayrange.

Monday, August 18, 2008

WATCHES 8-19

First my BIOF short is still going strong from Thurs.
I will cover on first sign of green though.
UDW from .49 short working ok ,seems like it wants to go down more,gonna hold awhile to see.
BHBC the low float bank up over 100% in 4 days was real nice from 5% off hods today.
Caught at 2.28 right before it's drop under 2,holding.
Still in UPFC short from 3.90 and FOUR short from 7.20(held through it's rally today,felt it would come back and actually hit red near eod to give up all of it's huge gains)
Also still in VRAZ short,avg now 1.21,down on this as it closed at 1.28

For tomorrow I'm watching:

CROX APP MITI RHD BLD DYAX BDSI PURE FMD TWB IEHC GPIC POGS STAA SOLM OEGY AUMN NEXC FRHV

MITI, i'm just keeping patient,real patient.
BLD hit dead 3 today, has wicked red floating candle out of ubb.
DYAX, red floater too, but not as swishy and been in uptrend,unlike BLD
FMD, what can you say, it was a monster today...but i think the fall will be nice...maybe under 5?
BDSI wayy off hods today,did exact same thing on 7/31 and fell a buck over the next 4 days.
TWB I shorted at 9.90,not real exciting but ran 2 bucks from under the lbb after huge drop from $15 to $8.
IECH bizarre chart,dropped from hod 7 to near 5 close.
GPIC still going, a strong watch for me
POGS a running one now. I know it was pumped before,still light vol but I like those for gradual longer term fades
FRHV a Beacon pump:)

Sunday, August 17, 2008

WATCHES 8-18

LNG POWR CHB ZYXI APP MITI MNC STAA ILE APII GGC IDMI FFHL BHBC GPIC UDW VRAZ VRAL DSL POGS

From the 8-15 watches many still look like good watches, UPFC among the tops imo.
From that list I'm still short BIOF which I mentioned I shorted eod Thursday and VRAZ.
VNBC mentioned as a low float bank turned out to be a great short Friday as it went from green to red and slipped all day going under the even mark $1
BHBC is another lower float bank play for Monday.
It hit dead even $2 Friday and fell back a bit to close at 1.87.
In 3 days it's run from 1.03 to 1.87 close.imo a decent watch.

GPIC was up 57% on earnings, waiting for it to die out
IB has VRAL borrows, up 80% on huge volume increase to 1.5 mil from 158k, on no news that I could find. Hope it runs even more Monday.
POGS has run almost 2 bucks in 3 days to 3.75.
Although still light volume it does have a 3 day stairstep volume increase.
I'm sure I've seen it pumped before,don't know about now.
Spread may be bad, but I'll watch and see.

Shorted UDW on Friday, in 2 days it ran from .09 to hod .66 Friday!
Pretty freaky move, red floating candle now outside ubb.

What a wild day for a poor old newbie!! (Part 2)

Let's see... where was I? (see the Part 1 blog posting written on Friday afternoon).

Oh yes, I had shorted PMI at $4.20... watched it fall to $4.08... expected it to drop below $4.00 so held on... being patient. PMI didn't drop any lower and instead started climbing... slowly at first, then with more fervency.

I didn't cover because my plan was that I would double up if it got up to 4.50-ish. Well, it did get up to $4.50-ish at about 3:30. By then, I knew I was probably in for the weekend... I decided to hold off on doubling up until Monday, just in case it spiked up then. But, I have to say that I really don't believe that PMI is going to stay up at these levels... so I felt it was going to be OK to hang onto it.

Whether or not this approach makes any sense to anyone out there with experience, I don't know (I'd love feedback from any of you folks out there!). But it made sense to me at the time. But let me tell ya... it may sound like I was calm, cool, collected... rationally analyzing the situation and carefully weighing my options. But if you could have seen me, you would have seen a wild-eyed woman pacing the floor, wringing my hands, pulling patches of hair out, passing by the computer to get a sideways glance at the current bid/ask... in general, I was a mess. But, I was being patient!

Well, I was somewhat rewarded because after 3:30, the price came back down to $4.26 by 4:00. In after hours trading, it fell to $4.16. I'm thinking this is a good sign for me on Monday. What do you all think? It may spike up on Monday AM... but I expect (hope, pray, beg) it will fall back down. I'll be watching.

By the way, I also shorted a couple of others that I'm holding over the weekend: GWDC and UPFC. Again, I'm holding them because I just don't believe they will stay up at these levels. But, what do I know? I'm a newbie!

So, here I am holding some shorts over the weekend. On Friday this all seemed to make sense. But today, after the blue meanies came to visit me in the middle of the night on Friday and Saturday, I'm thinking that I'm a friggin' lunatic!!! What if there is an announcement that one of these companies is being bought out at 3 times the current share price... Or some other good news? Holy Sh*t! I could lose a lot of money!!!

Time will tell. I'll let you know the outcome... so stay tuned!

TTYL.

Saturday, August 16, 2008

THE HUGE SCORE ON FOUR

FOUR was the biggest % gainer I've ever had on a short trade yet.
And I never would have seen it(at least at my entry price of just over $7) if not for this alert in the chat:

(Aug 14-11:42) defenestration: citron report out on FOUR

defenestration alerted it just seconds before the awesome Reaper:
(Aug 14-11:42) Reaper: Citron Research just blasted FOUR.ob

I know Citron can kill 'em but this is ridiculous.

So defenstration,next time you are in the chat I'll PM you,and if you will just send your address to me there and I'll send you a bottle of wine 'o your choice! (if you are of legal drinking age of course,if not we'll figure something out).

Thanks again and to you to Reaper for this alert and to all you've brought into the chat.

PS,new folks...this is why we don't encourage too much chit chat during trading hours,so the serious traders in there don't have to wade through it to see some of the great alerts we get in the chat....please try to honor this rule...thank you.

Friday, August 15, 2008

Nice Calls 13th

13th said this in his last post: BIOF VRAZ UPFC ORS SWTX MRGE VNBC MDII BSIC CBON SPNG XSI KRY GFRE are my main watches

Check it out, all red...

What a wild day for a poor old newbie!! (Part 1)

Well... I haven't had a heart-attack yet! But man, this shorting stuff is quite a ride!

Let me just preface this by saying that this is going to be an embarrassing process for me... learning in public via this blog! All my stupid moves will be put right out there for y'all to laugh at and hopefully learn from!

Hey, would any of you readers that actually have experience with this trading stuff please leave comments correcting anything that I write that is wrong... and also providing suggestions for what else I should look at, or how I could have handled a situation better? I'd love it if you would share stuff like that... and I'm sure the other newbies would too. Thanks, in advance, for that!

Enough preamble... here's the story of today:

Last night, I checked out 13th's (http://darksidetrading.blogspot.com/) and the Market Kid's (http://themarketkid.blogspot.com/) posts to see what might be interesting for today. When I see what those guys are suggesting, I take a look at the charts. I'm still trying to learn what to look for, but there are some basic things I like to see... for example:

- I like to see something that has spiked up or gained a lot over the past few days. I have charts set up a couple of different ways. One is a daily chart set up to see the green (or white) candle pierced by the UBB (check out Muddy's and 13th's blog postings for more on this). And I also have 5 day, 10 day, 20 day charts so I can see at a quick glance what the stock has been doing in the short term.

- I like to see how far down it might reasonably be expected to go. Look at the GWDC chart... that was up a ridiculous amount over the previous few days. And it looked to me like you could reasonably expect it to drop back down to at least .07 (and probably further). I don't want to short something that doesn't have much room percentage-wise to drop. If I'm going to put myself through this, I want there to be a decent-sized reward at the end of it!

- I check out news to see if there was anything meaningful that caused it to increase so much. A cool site for this is http://www.finviz.com/quote.ashx (someone from the GOTS chat told me about this). All the news is at the bottom. I love being able to see all the news so easily... plus you can easily see when earnings is coming out... and a bunch of other stuff.

If I like what I see, I'll try to reserve shares for shorting. I do this by placing a limit order to short the stock at a very high price. My trading software will usually reject the order right away if there are no shares available.

Anyway, last night I reserved shares for BIOF, GWDC, ORS, UPFC, MDII, and MRGE. (By the way... I really only like to trade stocks under $5).

Today I was ready! I set up some alerts to tell me when those stocks were close to going red on the day (i.e. trade price < yesterday's close). My computer beeps at me when the alert hits. So, the market opens and things start moving. I'm watching the GOTS chat... I'm trying to keep my eye on what's happening with my potential shorts... alerts start going off... and I'm a ball of confusion. Damn, things happen fast... especially at the start of the market! The HOD/LOD list is flying! Things are flashing! There is just so much input! I don't know how 13th does it... he has all kinds of watches going on... and open positions... etc.. Plus he's alerting and chatting. He's my hero!

I'm also keeping my eye on PMI... I had shorted it yesterday, but covered for break-even. Later in the day, it took a good dip. Damn... I had missed it! One thing I'm learning is that I have to be much more patient. This is hard for me, because my body starts to tingle and go numb when I see the price going above the price I shorted at. I mean it!... something weird happens to my body! I can hear my heart pounding... my hands start shaking and get all clammy... I get dizzy... you get the idea! Anyway, I'm trying to work my way through that. I may find that I'm not cut out for this... we'll see. I'm still new at this... I may get used to it.... either that, or I'll be an alcoholic... perhaps both!

Sorry to digress... so I was watching PMI and I decide to short it (500 shares) at $4.20 (it was getting close to yesterday's close). That was at just past 10AM. After shorting it, I put in a couple of alerts to let me know if the price spikes up or drops down to where I might like to think about covering. At 12:30-ish, an alert goes off telling me that the price had dropped to $4.10. I'm thinking "Shoot, this puppy has more to go... and besides, this is only a 10 cent gain... barely covers my commission" ($12.95 x 2... I know, that's an expensive commission... I'm working on that). I watch it drop to a low of $4.08. All the smart people in the GOTS chat have covered by now... but not me!!! By God, I'm being patient!!

Well, that was the low of the day... and then it started climbing... slowly, at first... though it picked up steam. Can you hear my heart pounding?

(to be continued - check back this weekend. BTW, this wasn't the only trade of the day (she said sheepishly)... more to come)

Thursday, August 14, 2008

WATCHES 8-15

Bunch of new ones today
Today was an awesome day for the APII shorts.
This is what I said here Tuesday:
"APII letting all the hoopla die out, thanks , i'll only short on red tomorrow"

Exactly what I did,a big alert elsewhere, you know where,folks let the hoopla die out,be patient,it's not the rush it is you think it is.

shorted on RED wednesday at 3.40, covered for almost 50% profit eod today.

Shorted BIOF eod today.

Shorted VRAZ yesterday at 1.21,had decent profit but got greedy.
Ran on me today,added another full position, avg at 1.23.
Pretty confident on this one.

Congrats to anyone that got URRE short today,after yesterdays runup it was almost a cinch play.
Anytime it runs big you gotta radar it.Mentioned in the chat many times yesterday that we were watching this as a #1 short watch.

BIOF VRAZ UPFC ORS SWTX MRGE VNBC MDII BSIC CBON SPNG XSI KRY GFRE are my main watches

UPFC up big,see if it can hold it on that news.
2 low float banks CBON VNBC I've played short before with good success.
BSIC on e/r but lacked vol,may be gradual fader.
SPNG a beacon pump.Has run real nice...so far..check out SPNG website..a pet sponge bath system,haha
ORS I shorted today for modest 5% profit,closed eod..Might run on open but I think I will get way more than that Fri or Mon.

You want to see a real spike chart on the minute chart..look at FLOW today( CRYP too) ..that's the kind I sweat for...those never hold the big spike gain, but they don't come along often...you gotta be stalking the hod list to catch the short into spike.
FLOW actually finished RED today after that unreal spikeup at around 12:15 pm!

Wednesday, August 13, 2008

The Dark Side - A Newbie's Perspective

Hey Y'all...

So Laura and 13th asked if I would like to contribute to the Dark Side blog to provide a perspective from someone new to day trading and short selling. Sure, I said... though it's hard to imagine that a newbie's ruminations will be interesting!

Here's the scenario... I've got money in some accounts (IRA and non-IRA brokerage... in stocks and mutual funds) and I've watched those lose a fairly significant percentage over the past several months.

And, unfortunately, this isn't the first time I've seen this happen to my money over the years. I have to say that I do believe that brokers and mutual fund managers have made more off my accounts than I have! (It feels that way, anyway)

And it's pissing me off. No, really, it is! There has got to be a better way.

Ok... so what I've heard since I was old enough to care about investing is that day trading, and selling short in particular, is evil... it's bad... it's dangerous... it screws up the markets... and YOU CAN LOSE YOUR SHIRT, PANTS, DELICATES, AND SELF-ESTEEM... not to mention your life savings!

You know what? They may be right. But I think it's time that I find out for myself. I've been reading Tim Sykes for a few months now (he's a whacko... but he's a smart whacko who knows what he's doing... can learn lots from him). From Tim's site, I found the Green on the Screen site. These guys aren't whackos (well, after hours they are)... but they are smart and they know what they are doing. And I have already (in just a few short weeks) learned lots from them.

To make it even better, I banked $400 from a short trade in GFET that I covered today. Gotta say, that's a step in the right direction. That was my 4th short trade ever... two others were basically break even (actually a little up), and one I lost on (learned a lot, so actually the loss was like tuition). But those are stories for another post.

So, assuming there's any interest in this sort of blog, I'll post periodically telling you what I'm learning (or think I'm learning). I'm hoping that Laura, 13th and Muddy will jump in to correct me when I'm wrong about things (I know they will, right guys?). It's just that there are so many basic things that people new to this have questions about. And I'm right smack in the middle of trying to figure those out. So, the purpose of my contributions is to talk about those questions and issues that newbies have.

If you have questions/comments/etc. please feel free to post them. And if you find this an interesting topic, please post a comment saying so.

And remember, if you go to the chat room during trading hours, keep it only to alerts. After trading hours, there's a lot of off-topic chatting happening... good times... so check that out too. Also, very important: read the blog posts... especially the ones under "Important Posts" on the right side of the screen (http://greenonthescreen.blogspot.com/)!!! There is so much good stuff to learn there!

TTYL.

Tuesday, August 12, 2008

8-13 WATCHES

EVSO the pump finally gave it up,nice drop

CBOU ran again and I couldn't resist,short from even $3

LNG I caught twice short,once from 4.20 and again off 4 to near lods 3.66.love this stocks sway.

GFET more down from my .36 short, 29% today to .19!, that other guy says why short under $1 stocks,they only fall .10 or so, that's why Tim...oops I mean "other guy" :)

VRAZ got more long out of it, 29% to 1.21, sold eod, maybe more but gotta take .80 to 1.21, will look short on red, news not that great to sustain imo.

All in all great day even though I got trapped in USS on first short at 2.89, had to double up near eod short so avg is 3.15 short,made a ton before when it was in play when i was tripled, just hoping for breakeven here.

Ones I'm watching tomorrow:

LAD CHC CBOU DFR (shorted today at 1.16,hit .93,got greedy and gave back every penny of profit,arghhhh) ZYXI USS VRAZ (making sure it's red) CMLS SPPI GRO (near even 5) THRM ARTW APII BJGP REER SPNG IMDS (always has news but never maintains).

BJGP finally had a bit red today,ah shows more,under 6,maybe it gets whacked

REER pretty funny,SF,Scott,IB all have different company names listed for it, up 264% today,ahhh I gotta go short on maybe even green,IB has the borrows.

APII letting all the hoopla die out, thanks , i'll only short on red tomorrow

Monday, August 11, 2008

8-12 Watches

First XRM hit new 52's today and looks like a clean breakout but if it fails to break 7, i'll try a short if it has volume,

From today's short watches many just kept going....and that's something you long folks should watch these lists for....the ones posted are POTENTIAL very good short watches because I feel the risk/reward is there on red when the fall begins,but these can run further than you or I think on green.
You must still keep on short watch as shorts but do not hesitate to long on green,especially for a scalp long,as I try to do.

For tomorrow on short watch good risk/reward I feel are:

BJGP GTCB EVSO CSAR CBOU EDGR MOVE MGI RHD LNG

BJGP is up 2 bucks in 2 days.
EVSO continues to be pumped.
CBOU is still Caribou Coffee,ha
LNG had late news and it ran big then fell back near 4 only to close at 4.40. This one is a nutso trader and if you are nimble you can get it both ways!

Even dollar marks I believe if you've followed me are a big deal
Watch the action around those marks close.
From yesterdays watches AERG hit dead $2,couldn't seem to break it and actually finished red at 1.52
"AERG often pump,caught this one Friday for nice short.let 'em re pump it,it's pretty reliable"

Caught pinksheet GFET at .36 short,holding short,love the pinks when they start to fall.

Longed VRAZ on its news,did hit even $1,huge vol increase today from 87k to 1.8 mil but will not hesitate to flip short on downbreak of .90

Sunday, August 10, 2008

FEW MORE FOR 8-11

TGIC UPFC GFG MCCC RHD LYV EBHI CYD CHB LXRX

RHD is right near even $2 with 4 straight up days and in past has had trouble holding gains.
Like to see CHB go over $5 again,last time it did it went to lod 2.91,has very good dayrange of 12.35%,usually a good scalper anyway.

LXRX I added because of the chart pattern,not cause it's a big runner but that I've seen many of these dead cat bounces fail nice...down huge Thurs then the bounce..looking for red to go short


Pennies USSU CTBG ACTC

Saturday, August 9, 2008

SHORT WATCHES

For starters until I scan more...no brainer watches imo now are :

GTCB BJGP MOVE POWR MGI CHC SSN

SSN BJGP often pumped. MGI seldom holds it's gains

CSAR EVSO junk and on run

PRS was nice short Monday,keeps bouncing back though,one of these days it won't.
nice scalper.
PLNR,the little vol it has,if it gets lower this should sink nice.
GSPG keeps going amazingly but when it starts its fall might give back 50% quick,watching close and IB has shares of this true penny stock.

WZEN hit 3.18 twice in last 2 days,Friday it fell nice from there.Awful chart but on a run.
CBOU red floater that it fought off Friday.lets see what happens Monday...Caribou Coffee,haha
AERG often pump,caught this one Friday for nice short.let 'em re pump it,it's pretty reliable
MGIC not the greatest dayranger but has been on the crap radar for 5 yrs...let it go red and hold imo.
GFET fell off it's hods Friday and most times spread was tight.Another true penny that I'm waiting on first sign of red.
LMLP nice short in March.Got a mail pump few days ago,has run up last 2 days.Love to see this run run more.