WHY I LOVE SHORTING INTO FAST/WICKED SPIKES

In one word,FirstCity Financial,ok 2 words but.....

FCFC,just look at that spike around 12:27 p.m

[Tue Mar 31_12:27:11 PDT 2009] Muddy FCFC whoa
[Tue Mar 31_12:28:13 PDT 2009] Muddy Symbol: FCFC Availability: 55′000
[Tue Mar 31_12:28:48 PDT 2009] Muddy right off 6 short
[Tue Mar 31_12:29:45 PDT 2009] Muddy FCFC under 5
[Tue Mar 31_12:30:50 PDT 2009] Muddy FCFC under 4
Tue Mar 31_12:31:34 PDT 2009] Muddy supa short FCFC!
[Tue Mar 31_13:00:43 PDT 2009] Muddy FCFC 3.22/3.30
[Tue Mar 31_13:01:06 PDT 2009] Muddy FCFC wouldnt doubt goes under 3 soon
[Tue Mar 31_14:58:40 PDT 2009] Muddy FCFC ask 2.83…still in s/s
[Tue Mar 31_15:10:35 PDT 2009] Muddy FCFC 2.05
[Tue Mar 31_16:00:26 PDT 2009] Muddy 1.89 FCFC

Yup,from near $6 to a close under $2...that's why I love those fast/wicked spikes

P.S. the TEN spike at 2:44 was no junker either,from 1.54 to 1.95 in 2 mins,this one came right back down into the high 1.50's 40 mins later

A DAY IN CHAT TO BEAT ALL DAYS!!

Saw a few folks in chat and on another free chat saying a boring day...ok, give me that boring stuff

FXRE CTIC PNX CBLI HW WNC ENMD MRNA ANSV EVK YGE SOL FBN JTX ROCK CCO CEGE HYTM and on and on...yeah, ho hum


Check it out here!

RFR LOSERS SCAN 3/26

First we have the survivors,the ones that failed to close green today......

LEA CLP RDNT FR HBAN GFG PMI EPEX MNI EPL ERHE NOBL

Then the new ones......

PGPDQ BBX FTBK TEN TRW KV/A COIN DRYS STKL TRMA SSP AIG IRE SEED PIR KEME CNB CVM CAR PEIX VTSS CMZ HTZ

EPL is down from .44 to .25 but when it has gone green it has run over 10% 26 out of the last 100 days.
That is what this scan brings up,excellent risk/reward...if anyone is following this scan...do you see this?
From the lack of comments ever on this scan it seems to be pretty much ignored,if I was newer to trading this would be the first scan I'd try to master

RFR LOSERS SCAN WATCHES 3/25

Time to run it again

over $1

FCH LEA CMLS FAS CRBC CBL PLD SAH URE CLP NCS MCGC SHO LXP RDNT CSE FR FOE DRRX HBAN

under $1

EVC NCT GFG ABH PMI EPEX BEE LEE KAZ MNI CFW EPL JRN ERHE NOBL DAN ACLS QTM WGAT EBHI

Losers Scan Results Today

I know it was a great day but geez..........look at the results here from the RFR loser scan.
Click to enlarge.

RSI(2) with FAZ TZA SRS SKF

As I've always been a fan of RSI(2) and that I've been very bearsish on the market for quite awhile now,back some time ago I decided to try an experiment (on paper) to see what would happen if one was to buy these 4 bear etf's on a drop under 10 on the RSI(2).
So buying these 4 on that drop shows these results,please note the "exit" prices are perfect and could never be achieved but it shows that one could grab a hefty chunk of the middles out of these runs.
The "exit" price is the highs of these runs,play around with it if it looks interesting.

FAZ
11/26 61.40
12/1 80

12/8 36.60
12/12 56.5

12/31 35.7
1/20 88

1/28 39.30
2/5 59.70

2/6 41
2/20 86

3/10 61.5
no exit yet,current price 35

unrealized gain so far (because of the open trade) on 100 shares traded = $12,970

TZA
11/26 73
12/1 95

1/2 46
1/20 66.60

1/28 49.8
2/2 62

2/6 49.3
3/9 113.5

3/12 73.7
no exit yet,current price 65.70

unrealized gain so far (because of the open trade) on 100 shares traded = $11,100

SRS
11/26 111
12/1 153

12/8 72
12/12 97

1/28 49
3/6 111

3/10 70.50
no exit yet,current price 70.90

unrealized gain so far (because of the open trade) on 100 shares traded = $12,940

SFK
9/26 96
10/10 205

11/4 111
11/21 304

11/26 142
12/1 175

12/8 103
12/12 141

12/31 103
1/20 200

1/28 120
2/5 163

2/26 126
3/6 268

3/10 181
no exit yet,current price 129

unrealized gain so far (because of the open trade) on 100 shares traded = $60,300

That's about $97,000 on these 4,but like I said,these exits could never be achieved,but just taking even 1/2 or 1/3 of these middles isn't bad.
Also remember you must feel the bearsish trend still in place to make this work,RSI(2) under 10 won't help if the market turns bull,if it does then it's probably time to use it on FAS and the other opposite etf's.

RFR LOSERS SCAN WATCHES 3/23

over $1

GGC CHRS CACB MTG ALD SEH HOV CBL TEN FAS STSA DDR MTH CBG YRCW PQ PLD FNA ALY TRW

under $1

MPG FFED PNX GGP TSFG FTBK BZH GKK IHRI CNB BLC URRE FNM FRE EMKR CNO BKUNA LTXC QTM ABK

WATCHES 3/20

IGK IND AXL PMI COOL IRE CNB MCGC WH CETV BCS AIG FNET OMN SBLK TRW BZH IHRI DIN LEA KCAP TNL FLOW ARM AZC BEXP BNE RT FRE VSTN PTEK UBAA REXX EXAS CENX PNPFF TEN FCSX DRYS SOLF WRES MRX KPPC CSUN HL FNA PGPDQ TNL MOD BAA WCBO BWEN THMR MESA DPHIQ TXCO SPCB UIS XTLB NOBL

WATCHES 3/19

OFG IGK IND C FSNM OEH AXL SSP PMI BBX AGO COOL IRE HGSI CNB CACB SFN MCGC FEED BIOS WH ALD MTG CETV TSFG BCS HAYZ CHGY QMNDQ AIG DAN GGC FNET QUIK RDNT CKEC CHRS FCH OMN SBLK TRW FLY SIRI BZH IHRI NCT DIN RAS LEA KCAP TNL FLOW CSAR ARM SIFY NADX JAVA AZC GRO HOV ETFC CRBC TUES STSA BEXP TECUA BNE DRRX HIG XL DDR RT TWP IX OMN SMMX FRE CHTR VSTN ATSG

Sorry there's so many but there are...if too many just pick out some you know to follow.
One big red day will wipe a lot of these out...remember too, these are only short biased,that doesn't mean that on green they can't be great longs...as you are seeing now,momo can run further than many think, it happens and it's happening now.

TODAY

Today in chat had to be one of the most rocking days ever,with the smokin' alerts.
Monster and so many folks on the same page...it's just getting better and better.

Topped it off near eod with the SIFY alert:
Wed Mar 18_15:50:30 PDT 2009] Muddy wow SIFY poppo

[Wed Mar 18_15:50:42 PDT 2009] Muddy on watch and it blasted

ok,it was too fast to catch on the pop to 2.15,and if you know me I like shorting into those huge spikes...but

All I was waiting for, because I know FORMER PATTERNS was for SIFY to get the drop,in this case .98 and go strong LONG

[Wed Mar 18_15:51:37 PDT 2009] Muddy SIFY did few times before

[Wed Mar 18_15:51:51 PDT 2009] Muddy fell right off to 1

Right here I went in with $4000,cause I KNEW the risk/reward was awesome....

[Wed Mar 18_15:54:45 PDT 2009] Muddy SIFY .98,trying it last 5 mins

In next few minutes it ran to 1.39!

If one sticks to this and learns former runners habits,you too can take these kind of gains,instead of being on the other side of the fence,90% of daytraders fail,make it your business to be the 10% that makes it that way.You will have earned that right. Check out the chat log here.

FAS Contest Winner

Justin was the winner! His guess for Friday's close was 5.11 and FAS closed at 5.15.

Congrats Justin! Send me an email at lauraj4957@gmail.com with your email address and we'll send the $50 gift certificate right out!

Thanks to all who entered.

EDIT:Just a note here..I posted this a few weeks ago and tomorrow someone from our group is meeting up with Laura and me..it is free,take advantage of it if you're in the area.

If you are an InvestorsUnderground member and in the South Jersey/Phila area I'd love to do some 1 on 1's at the local Barnes and Noble here (for free coffee of course!)...heck I'm there most weekends and love bs'ing about stocks,so let Laura and me know.

Huge Contest Coming Up in April!!

The next contest will be a members only contest for members of InvestorsUnderground.com that are signed up by April 12th. No free trial members, sorry but folks on their 14 day trial period at that time are not eligible. You have to be a paying member at the start of the contest and at the end of the contest. All members as described are eligible, even Mods. If you aren't currently a member, join up by emailing webmaster@investorsunderground.com and asking for current specials.

Details of the contest challenge to be announced in the next few weeks. The contest will begin on April 10th. This gives you plenty of time to sign up as a member.

The winning prize will be......... the profit on $5000 worth of FAZ shares! (Hey, I keep the original FAZ shares, you get the profit over that if any!) The moves this stock makes, this could be giant. Here's the deal: I buy $5000 of FAZ in my account. Any gain over $5000 at the end of 4 months (close on August 7th) that FAZ is worth, you keep.
If FAZ is worth less than $5000 at the end of 6 months, you lose nothing, I take the hit.
Plus if FAZ is worth less, you will receive as a consolation,1 free year of INO TV Trading Seminars and a free one year subscription to InvestorsUnderground.com!

So you really can't lose and stand to win huge if FAZ zooms in those 4 months.
This is just a thank you our members who have supported us these last 3 months.

What a Week...

Well I had a good week myself trading TZA and SRS. I can't trade FAZ since Muddy does. And boy did he trade it this week!!!!

Awesome week and this is what he looked like in the kitchen after close on Friday. Truly, it would be a bit embarrassing except it was funny as shit.

Rock on!!!!!!!!!!!!

FAZ...Okay, He Had to Prove Me Wrong

He was on a mission today to prove he could trade it over 25 times without a loss and still make over $1500. 29 for 29......(trade at 10am doesn't show the exit profit for some reason.)

We made nice money on the other leveraged ETFs this week too; TZA SRS ERY SCO.

Muddy Made 25 FAZ Trades Today

He should have stopped at 24.................................... ;)

Join us during the trading day at our live chat here: InvestorsUnderground.com.