THE VALUE OF THE CHAT

Why it's important to not have too much chit chat during trading hours,so that one can see alerts more easily.
VIP was just one example yesterday.
It was first alerted by Tortexal as getting near green(note:the timestamp is not correct in the log yesterday,but you get the idea)

(Oct 27-16:14) tortexal: VIP almost green

Then Laura and I both chimed in less than a minute later.
(Oct 27-16:47) tortexal: VIP pop HOD
(Oct 27-16:48) Laura: yes VIP
(Oct 27-16:48) Muddy: yes

Then because knowing well VIP from the past I commented:
(Oct 27-16:48) Muddy: runs good at times on green hit
(Oct 27-15:07) Muddy: VIP no doubt should break 8,hit more hods

VIP not only ran well on green at 7.40, it ran great.
It did break the $8 mark and ran to a hod of 9.07 at eod.

WATCHES 10/28

EFOI NTMD DPHG WSTM DDS DIN LNG AXL TRMS HSNI SOLD CDY HPOL NOVA HLCS VIP RF FHN CTCM ECGI NURO

If they were only as easy as the CVGI short has been...still holding from 2.20


SFI becoming one of my favs to crap when on pre leaders list..again today up 15% pre...crapped to a 7% loss closing on 1 after hitting 1.34 hod moments after the open.


(Oct 27-09:20) Muddy: SFI on pre...been losing it's early gains of late

WATCHES 10/27

NKTR SPAR NXXI TLB NTMD TMA WIRE RBCN NANX EFOI DPHG ADNY WSTM

CVGI still doing a choke job...now down to 1.23 from 2.20 short entry.

WATCHES 10/24

LEHMQ NKTR VDSI SPAR FRZ VASC VUOC NTMD ASTM JUPM NXXI SSCC TLB

CVGI from my 2.20 short is still sinking at 1.36
SCON still dropping on very low volume,lucky to hold $1

Anyone in chat today saw the unreal moves DDR made today.
Crazy fun...I made over 30 daytrades today ...many on this one...caffeinated day!!

WATCHES 10/23

DTG UAUA LCC CRI OXPS VASC MKTX EMIS BGH LEHMQ NKTR

Just dribs and drabs tonight,cause of the market but these aren't too bad...of course DTG on everyone's watchlist....

The last time there were so few,my angle for long watches was great....so please don't shoot me but I gotta post long watches here...only on GREEN for me,no bottom fishing with these on red.ok?

TMA ABK PMI MTG MBI CIT CHRS DDS SIL CCRT GRRF DHX CT NOBL SCON SHOR PDO FTK OMNI USS

Down to GGRF are RunForestRun losers big that have a history of nice runs on green.
From DHX down to USS we have low float runners on green.
Caution these low float runners don't always have the tightest spread,me I don't really mind unless ridiculous because of account size

It Pays to Know Your Stocks

(Oct 22-09:14) Muddy: pre so far... ICOG GBR VMW CBL BRCM MICC CLWR MPET DROOY ATLS FEED GSX FDML TUP NOG CAR

(Oct 22-09:23) MadHatter: DROOY red now

(Oct 22-09:24) Muddy: FDML may be good watch,maybe pop/drop

(Oct 22-09:24) Muddy: yes DROOY

----

(Oct 22-11:16) Muddy: FDML 6 breakdown

----

(Oct 22-12:45) Muddy: FDML more lods

(Oct 22-12:46) Laura: good alert in pre on FDML

(Oct 22-12:46) smartcap: out TEO 5.40....don't like spread.

(Oct 22-12:46) Muddy: yeah,a true pop and dropper that stinker


Check out the FDML chart! And kudos to MadHatter, catching DROOY, a pre-market gainer that then went red BEFORE open! Good eye!

WATCHES 10/22

QELP HK TMA SA EXXI XING GEOI TACT RRI MPEL APWR AXL GRRF AIB OCNF IILG SAH TXCO LXRX SCON XIN EMIS HOKU IMH OPBL SPDV


GRRF SCON ran big today...EMIS was strong..so far..OPBL when it hit $8 everyone said was gonna be $50 soon...it's a scam and junk and shortable on ib,ran 82% today...hope it keeps on running.

WATCHES 10/21

New Batch:

FTBK QELP XJT GROW CVGI MDTL TRGL HRZ HK SID ATPG NGAS AES CPN TMA KWK MPEL PLLL NKTR EXTR SA EXXI BQI TOMO TYY XING CFW ROCM SUTR CYTK GEOI TACT HCD FRG CERS NOW CAEI JAG CRYP CSUH

Shorted CVGI @ 2.20

WATCHES 10/16

Some pretty good run charts with the Dow getting blitzed:

SNV ELRA FTBK KOOL COA NCC RF CNB MWO FSNM BBX QELP ALLI CNEX ASTM PURO MESA

RRI PNX have acted exactly as they should have off those big run charts.

Shorted MESA near eod @ .44

WATCHES 10/13

Tons of huge gainers here,all at least 25% Friday:

DSL WB HSWI PMI TSTR CORS NCT HTM MCGC MEG MDTL OPK LCC XL MKTX PNX FBC VRS SUF AEZ LNG CRBC BFRM GBNK GHM DYN WCBO DSCM ICO GPK CT NEWS JAV PCBC ARQL RSO CBG OWW CITP MOVE .

Only DYN from this group has more than 1 green day in a row,going from 2.17 to 3.75 in 3 days.

Failures (short watches that closed green) from Fridays watches are:

PPC FORSY DYN YRCW TIXC

Thursday's overnight shorts worked fairly well
ISSC down 5% to 6.76 from 7.05 entry
PPC up a few cents to 3.63 from my 3.90 entry
DCGN down 18% to .36 from my .47 entry .... decent 24% so far short

The best was my overnight LONG on FBR.
I rarely hold any longs overnight but when you feel you are 90%+ sure on a trade,well....
Worked perfect, a .51 entry with a Friday close of .82 with a hod of .88,can't ask for more than that on a trade I really could not see failing.

WATCHES 10/10

DCGN PPC FORSY IDMI CNOA DYN HUN YRCW MGI CDY NED MFN ISSC KNDI TIXC CNVR

NED has come way off hods last 2 days,still up 17% over last 2 days.

Today shorted for overnights:
ISSC at 7.05
PPC at 3.90
DCGN on late green to red at .47

Went long on 10/1 short watch (see post below,10/1 watches) FBR at .50 cross today after hitting a low of .40

My Shorts

Shorting Pigs Not Financials/Banks

I just read noobtrader's posts about his SPAR shorts this week. I too shorted SPAR and covered too soon. Shorted 10/2 at 3.39 and covered 10/7 at 3.02 thinking it might bounce off 3 the next day. Bad cover as it turns out. And out of line with the way I usually short piggy stocks. This does not include sectors like the financials/banks/insurance which are basically gambles right now.

If I had stuck to my normal lazy method (learned from Muddy, ha) I'd still be short SPAR as it sits at 2.67 today at the close. We normally just let them run down for awhile, usually no stress trades. LOOK FOR THE PIGS, not the newsy rollercoaster stocks. Yes, you can trade those if you are very experienced. I'm not.

BTW, what I mean by lazy is this.........Muddy and I traded JADE several times early in the year in the $4-5 range. Where is it now? 50 cents! Let em sink. They will. Choose the right ones and let them sink.

Now if we get a huge rally tomorrow, maybe these will run, but they won't run up like fin/banks. I'm up enough I can cover early and keep most of my profits.

All these short from last week, 9/30-10/3

CALC short 2.45 now 1.52 gain +38%
EFJI short 1.66 now 1.43 gain +14%
GRRF short 2.14 now 1.06 gain +50%

No reason to cover until I see green.

WATCHES 10/7

VRNM HTLJ OPXA APCVZ DNDN SLXP CBM CALP ACHN AHC TSTR MEU COA TRXI COR PWRM

PWRM was a crazy one back in 4/04,remember it well from back there.
Went from about .32 to 8 then smoked out all the way down to .20 on a long and beautiful fall.
Has re appeared here with "news".

SIL, I still won't cover until it has held green by 10:30...down another 6% at 1.76 for a paper gain of $4300..love these gradual droppers.

Still short with EFJI SPAR GRRF CALC APCVZ and doing well.

2 I tried but couldn't get FORSY HBOOY have gotten wiped.it's ok,there's more out there.
LOCM,i knew I covered too early on this dog,down another 20% at 1.79 after hitting new 52 wk/lows at 1.31..bow wow.

Covered too early on CHCI,but for 41% gain on this swishy one so I don't feel bad.
Down another 17% today so gotta watch long on green here.

HOW I FIND THE DARKSIDE WATCHES

To answer numerous requests on this subject,here goes:

First I keep on the list ALL "failures" from the day before.
Failures are the ones if you are watching short,that FAIL to close down(red).
So all the green closes are kept,from the previous days watchlist.

The first scan I run everynight is "gained 15% in last 2 days".
Then because it is very possible to miss some of todays huge gainers with this scan, (can you see why?),I run the "gained 8% in 1 day" scan.

Then I start a scan at "gained 40% in last 5 days" (and keep toggling around the days and %'s to try and find the longer term gradual gainers).

I will also run this scan to find the dreaded "red candle above the upper bollimger band".........
stocks where close is above upper bollinger band(20)and close is below open and price is between .5 and 20 and volume is greater than 200000.

The 8% in 1 day and 15% in 2 days I start with the price between $1 and $20, then on the 15%/2 days I run the scan with price adjusted to .01 to $1 to find the whacky real pennies.

A few folks have said I put up too many watches...it is to my benefit to do so.
I have no crystal ball with the price action these will take let alone whether they will EVEN BE TRADABLE,given the volume and the spread on any given day.
Out of 20 watches only maybe 5 or so may be tradeable,I know this for a fact,day in and day out this happens,it is the way with this kind of stock.
I have no problem at all watching the number of watches I put up.
Also I chart every new one that hits the scan,only failures I need not chart...I get the feeling that the folks that just want 5 or so watches don't even take it serious enough to chart even 5,this blog doesn't hand feed the picks..sorry a little work is needed on ones part.
One thing is for certain,most of the work is done in finding "live" watches...I don't miss many of the running charts as I scan everynight as hard as I can to find them and remember the symbols that have clicked for me in the past

WATCHES 10/6

HBOOY GBRC EFJI SKNN TORO VRNM CKSW ANO ERFW SFPI HTLJ OPXA VYYO ASCQ

The last 6,all under a dollar,pretty sketchy but low volume so far.
Since I can't find that many that are shortable for Monday I'll add these..so far all were/are shortable on ib except for ASCQ as of the moment.

VRNM has opened higher now 5 days in a row and fell since getting bombed on 9/29

From Watches 10/3 post Thurs, CHCI FRNTQ CPWM FORSY GRRF NXTM all got hit pretty good all over 10%.

Perhaps the nicest play on the list was APCVZ for those of us that could watch.
It took off after open going from 1.20 zooming all the way to DEAD EVEN 2.
Some of us got in short after it started backing down.
Myself I took it from 1.74 all the way down to it's close at DEAD EVEN 1 for a cool 42%.

The others mentioned I was holding short :
EFJI up .05 to 1.85
CHCI entry at .75,smoked down and I took good profit at .44 near eod for nice 41%
SPAR entry at 3.50,sitting at 3.60 now
GRRF entry at 2.18 down decent to close at 1.87
CALC entry at 2.55,sitting at 1.97 now
LOCM,down more 7%...covered way too early,oh well

SIL still in with $3600 profit,tomorrow I'll take profit finally if i see any green hold on it

WATCHES 10/3

RF HBOOY CHCI FRNTQ SPAR CPWM GBRC FORSY GRRF APCVZ NXTM EFJI SKNN TORO

TORO very interesting chart...btw I digress here but is anyone an MTV baby here back in 1980?
Dire Straits with "Skateaway"?
That roller babe was HOT!
Youtube it...woot..oooops Laura sorry but I know you understand:)

Mark sings:
She tortures taxi drivers just for fun,she likes to read their lips,
says TORO TORO taxi see ya tomorrow my son.

Anyhow,back to stocks.
Still in short SIL,same size, 5400 shares @ average 2.55.

Short double position EFJI @ 1.80
Shorted CHCI @ .75 today,still holding,closed at .57,nice
Shorted SPAR today @ 3.50,down so far,will add more if green tomorrow.
Shorted GRRF today at 2.18
Still short CALC from 2.55 yesterday,going well at 2

And look at LOCM chart today.
Shorted at 2.90 after the huge spike to 3.90,flinched on the short at 3.50,still covered for nice gain after it turned RED..what a dog this one is...Scott hod list scores again...it was rollin' on it,never would have seen it otherwise