I told you we were going higher, didn’t I? Yet, some of you kept shorting last week or all of last month, practically volunteering to stand outside of a 7-11 with a cup in your hand. Banking coin isn’t free, you have to earn it.
Yesterday, patience rewarded those that held onto CTIC for a +46% gain (not to mention an extra +17% on Friday). I believe I did mention a few days ago that it was my largest position. BZ was the 2nd largest gainer at +18%. MRGE was the biggest loser at -9.5%.
In the end, I am up just over +160% YTD, my all-time high for 2009. I also started off June with a +13% gain. Those that bet against Warmaster Horus and the Chaos legions were swiftly defeated, while the resistance unwillingly received ‘the Mark’ and became cultist slaves. It’s a tough business being a short.
As for the market, there’s a reason why I was (and still am) in 100% small caps. The RUT was the highest performing index, up +4%. The SPX finally made it over the 200-day MA via continuation gap, and the DJIA is still bumping up against it. Likewise, if you looked at the world market indices, as well as the US market’s individual sectors, it should have been plainly obvious which direction we were heading. Stop making this game so difficult for yourselves.
You can see the new short-term range locations for all of the indices. Today is very simple. I do expect a pullback, but all we have to do is not cancel out yesterday’s gains. Then again, most of my picks don’t follow the general market anyway, so who knows.
Thanks for the update CA.
By the way I’ve just joined the PPT as a piker to check it out. Looking forward to sharing picks with you all.
Thx for the update CA – what are you doing with your CTIC position? That Adam Feinstein, Street article, seems to have killed some momentum on the stock, being down 20% premarket. They did pull his article off the yahoo finance site though and CTIC came out with another PR late last night. What are your thoughts here? Holding? No matter what, I believe holding a small position throughout the year could be a good move.
Fly picked FNSR but keep an eye on OCLR …
Hi CA,
First of all thanks for sharing always great info.
Second, what is your target on CTIC?
Hi CA – Congrats on those sexy numbers! What are your thoughts on SCMR? Setup looks good and there is a HUGE short interest on this. Trades below cash.
Another one I got is DDSS.
biotech hand grenade picks for today..
GNBT…&….LJPC
what’s your target on ljpc?
LJPC…higher…see how it handles.64 if it gets there..huge gaps above…depends on news.
Bought SCMR @ 3.09
Home sales up, market up. Good news.
back in OCLS earlier this am. Long term hold unless it gets crazy fast again. Thinking about ANPI once more. GMET and ARM positions started
Thanks for BZ & TGB.
CA
watch AZC over 2.40
DNN over 2.05
CBS over 8.75
URRE also BTFO
LJPC…starting to move with volume.
Hey CA,
what is your target for FNSR and BZ? & what do you think of SEED?
I really like this FNSR. Target is – I have to see end of day’s candle.
LJPC = GOOD
THx Fly guy
SEED, I think, will be forming a triangle for several days.
What about the million dollar question – CTIC?!?
what about it? let it do it’s thing.
Some of you guys are bringing up REALLY GOOD stock suggestions. Keep it flowing.
CNTF do anything for you guys?
OCNF is also starting to look intriguing again.
AIB looks ripe to rip
Thoughts on SCMR? It seems to be ready for a breakout.
Chart Addict…as are you..,or is it LT..you coin banking mother fucker…!Strange that SRS is up in a plus tape..concerning.
CA – Are you still bullish on AKRX?
Cash,
all of the 15 minute charts are overbought..We need a pullback and re-test….JMHO
Anything that is triangulating is good, like OCNF.
SCMR – yes, but a messy chart.
Cash – it is also LT. Today seems like a doji day, so you will seem mixed performance across all sectors.
AKRX – I’m willing to hold and see what happens.
thanks guys for input..appreciate thoughts…
DELL back over the HOD(200MA)…has a nice looking chart..
I bought CNTF this am 2.04
IO is worth a look
GERN…and maybe finally the slacker STEM
if LJPC..(35,000 shares) goes to 5..i can buy a foreclosed shit box in LaJolla…crazy..guess I will just buy more land in the Philippines…
IO def worth a look.
There goes LJPC!!!!!!
Hi Juice – I like IO too. But the company’s finances are not looking too hot. In any case, its definitely on my watch list too.
GERN looks good too.
LJPC…yes…GERN and STEM..(needs volume)
Cash,
Might not be able to buy a shit box in LaJolla, better bet for the philipines. Lol.
Eyeing STEM.
Thanks CA. I suppose I bring a lot of ‘messy’ looking charts… BQI, GTE and now SCMR 🙂
polar–ha..yes your right…can buy a small village in Philippines..more fun..and native girls..!!
in IO @ 3.10. Liking the setup Juice.
xtxi looks good here…thoughts?
MRGE is like watching paint dry… I’m in LJPC @ $3 since February. If it goes to $5 I will be stunned. Thrilled, but stunned.
just looked through a few charts, not sure if these have been mentioned: CERS, BPAX and ADLR thoughts?
OK I bite … jumped a bit on LJPC with a target of .64 let’s see what happens. Good ideas everyone.
AGEN is a monster
Gunners – I almost thought about getting into CERS before, but it’s a watcher. BPAX has a great setup, definite watchlist candidate, ADLR profit potential is smaller I think vs. the rest.
Stop dissing MRGE.
XTXI good, along with the other oil/gas names.
fucking AGEN…forgot about it yesterday..
Not dissing MRGE, just observing! but i’ll shutup…
picked up NTE – longer term hold for me – semi/tech theme, TLB, bought some earlier today – god I hate the style but it’s been on my watch list for some time and seems to be making a move.
no one liking AIB but me today? Join the party!!
OCLS moving
HAH! AGEN brings back memories, remember when it came public in 1999 or 2000. Bought @ 19, luckily had a chance to sell it back out at that price 6 months later.
holy shite – everything is sucking…
SNTA anyone?
back in ANPI. OCLS seems to be the gift that keeps giving
AIB AIB AIB
AIB AIB AIB!
BPAX..as pointed out by CA…taking off
FUCK I KNEW IT
son of a b
left the station without me too!! bummer
cash
BPAX HAS THE 200ma @ 2.40…WATCH THAT..
flyguy…thanks..but the volume on BPAX…says rocket.
CA- What do you think about CNO ?
AIB is looking strong.
The biggest problem with living here in the Philippines is the time difference. It makes it really hard to trade. It is exactly the opposite time of day here than the east coast. It is now 1:16 AM on Wednesday. I just got up from my nap. Yeah, I do like my village and the native girls.
I got in BPAX at 2.27…thanks guys…
TLB having a very good day. Outside of Newport RI who wears that stuff?
SRZ anyone?
CASH,
NICE BPAX…THX
how ya gonna thank us..?
STEM..if volume comes in–I like it-already own it.
HEB just took off!!
XING is trying to poke its head out of consolidation.
CA,
How is MTSN looking? Another breakout?
CNO taking off!
adls ?
TLB busting now – boring clothes – exciting day.
UXG putting on a move.
ADLS taking it arrears, no K-Y.
CA, you are still holding CTIC? Down 20% today!!
FAZ…begining to leg into..financials suck goat balls.
what the holy hell is happening to ctic? more shitty news? DAMN.
franky..its called a pullback after a metabolic rise dipshit…
Someone should slam my hand in a car door for talking myself into hanging onto CTIC. Giving up massive gains today. I don’t care what support it’s sitting on right now. Unacceptable schismatic!
Franky,Just same on you….why you holding after big move???
Yup, start cutting shit. ADLS just shaved off a full 3% of my total YTD gains.
it was bound to happen lol. A bomb in the port.
because, clearly, i’m a dipshit.
ASCO is over soon…get rid of these BIO’s after the run…or into it..
Sold UXG $2.65
Sold AKRX $.989
One rotten apple in a basket of gems. Great trading kid.
yea, I knew it was bound to happen sometime. I already prepared for a bomb a while ago. Good example of why u gotta keep positions small.
UXG sold to raise cash CA, or you think it’s had enough of a run – it’s been very good to me, but other than my immediate family I’m willing to part with pretty much anything.
“Good example of why u gotta keep positions small” – great lesson learned earlier – the kind of lesson that’s always available for a refresher if one forgets…
Bill, cash raising.
Special present to all my Canadian friends on my blog.
A tribute to Canada’s greatest assets.
Not just their gold mines, btw.
Nice call on HEB, whoever made it?
___________
Selling BLTI throughout the day
I think ADLS is just another example of how godly your skills are at selecting breakouts. Somewhere on this planet lives a clown that lost his arms juggling chainsaws, circuses are not risk free. Incredible trading.
Do you think END has run its course?
anybody watching CNO? potential?
mkt feels heavy here..distribution day…see how it ends up…
Sold AVII $1.31 – cash raise
MIPI seems to be trying to move – higher than normal volume but still relatively thin
Bought OCNF $1.87
CA – Thoughts on BLC?
Cash and making money – what kind of radical shipper is that! I’ve been holding and waiting for them to break out – thanks for the confidence boost CA
z.
LJPC..watch it into close..could go.
My TLB is beating all my biotechs today – crazy world, but it’s the only one we’ve got. Even though you didn’t recommend it CA, I picked Talbots up based on what you’ve taught me over the months – so thanks, I mean that several thousand times over today alone.
z.
I’m at a 33% cash level + 11 longs.
*3.5%, (not -4%) for the day. lol crazy start of the month so far.
—
OCNF looks good, and besides, I want to rotate out of biotech/pharm.
Sold END $1.79
Cash, thx for LJPC…much appreciated here.
Sold DVAX $1.431
CLDX…
Bought AXL for 1-day hold? 2.52
Chart…no problem..its all about $$..lets keep making it..till the bottom drops out and we are trading bags of rice…off to golf..good trading CA.
anyone holding BPAX?
Buying a slew of inverse diETF’s .. I don’t imagine we get any big gap up in the am.
Very familiar with the types of products BPAX is involved in and like the market – I’ve made BPAX part of my intermediate term holds – but I did take some profits already and have been steadily on all these longer term holds (for me). I’m making it a point to take some money off the table on significant moves (the bulls bears pigs thing).
LJPC..good closing action-i will hold
CA,
Are you holding OCNF long term or short term?
Sold FNSR $.825
venim – few days
Looks like CA is still holding CTIC, although he said he was moving away from Biotech.
Take a look at CZZ … 20% of daily volume in last 15 mins today spiking … watch tomorrow!
CA – just for my info…
You sold FNSR, but FLY loves it…different valuation on the stock or are you raising cash?
Thanks for the Q&A, learning a great deal in just a short time reading all you info.
A lot of things happened today, and I will go into detail with all of it in tonight’s post.
sup mike – basically, the action in ADLS was an early warning and I raised my cash to 48%, reducing or eliminating a handful of positions, and that included FNSR.
well, added shit too like OCNF and AXL. I guess I’m rotating stuff in and out.
Tonight, I think about where I want to place my money.
CA,
ISTA to $4???
Drug application review set for June 26th…
CA- how many positions do you have now? And what are they? Thank you.
Possible breakout:
BQI
RFMD
DYN
I hate OCNF, management seems screwy and they keep diluting shares. It is a volatile stock and probably good for you quick traders. Keep it on a tight leash.
Cheers!
Mikeinalona and CMG
Yeah staying up all night to trade in the Phils is no fun.
Im in Cebu Talisay City now. If you guys are ever in the neighborhood and want to talk stocks or native girls look me up: 09104596510. Dave