Nothing has changed. Yesterday was the 2nd attempt at breaking out and closing above the June high. This breakout must occur if the SPX wants to get out of it’s neutral 50 pt range. Looking at the 5-day chart, the SPX is still in a sustained ST uptrend. A close-and-break below the lower channel’s segment will be an early warning again a ‘top’. Otherwise, the market is still trucking along.
CA, what are your thoughts on PDLI and KPPC? And thanks for your posts. I’ve learned a lot.
WRES has been moving sideways for 3 months building a base; all moving averages are converging with the price; any break and it could be big
Getting rid of half the HGSI short at the open. I have a feeling I’m gonna be buying more shit.
Almost makes me choke to write it, but NYT is on my watch list today.
Bought somx DAN
Bought LEE
Sold NVAX $3.21/22 CBAK $3.06/07/08
NEPH 1.30
FBN 3.20
DAC 3.49 1st buy
Sold SOMX $2.78/76/75 covered HGSI $13.64/65
Sold AEZS $2.18 AGEN $2.47/48
God help me on this one … CRA @ 5.50
Bought PDLI @ 8.29
Still holding AEZS (through AEZ.TO in Canada)
Sold DAN $2.70/71
Watch for a SVNT break above $15.00
there she goes… in at 15.04
ANPI & LEE remaining
CA why sell CBAK? I like the inside candle its making today
Cause I’m up over 6% for the day already.
CA,
any opinion on AVNR??
XOMA
Sold LEE $1.19/20
Sold ANPI $1.83/84/85
100% cash
And that’s how it’s done. 7%+ in under 20 minutes.
No, I am not done for the day.
Make that 8%
CPSL moving..
RFMD breaking out on volume
that SOMX play was simply brilliant
CERS KERX FLEX looking interesting
Bought BZH $2.50/51
resistance on MVIS has been at $3.25 since beginning of June. It is challenging it again right here, right now
ABAT getting some volume
anybody else find XOMA intriguing right here
Transports breaking out with Dow theory confirmation
CAEI looking tasty again
CERS, wow
Bot DYAX @ 3.74, DAN @ 2.74… sorry for posts after the move … >.<
sqnm breakout
bought SOMX again $2.88
Sold BZH $2.56/57
in kerx @ 1.10
Holy bowling balls BATMAN..
SOMX BTFO, great call
bot KERX 1.10
WOW, SOMX on a tear!
MVIS breaking out!
Sold SOMX 4.40/42/39
FRZ on the loose again
Im up approximately 23-25% total portfolio gain today. IM DONE FOR THE DAY FOLKS.
CA what are your thoughts on COOL? Think it can go higher on this run?
Wow.
haha SOMX is ridiculous.
THIS IS SICKENING. IN 100% CASH. CLOSED OUT MY PLATFORM. i’M SERIOUSLY FINISHED.
i just want to know who the hell thought buying SOMX @ 4.50 was a good idea lol
CA, I can’t thank you enough for SOMX! I’m done for the day too, don’t want to screw with those gains.
CA, your my hero.
Good to see you killing it.
I think I’m up around +235% YTD.
You’re a sick fucker .. and I say that with all sorts of awe & respect
8)
Closing out CERS with a gangsta gain. Still holding KERX and FRZ
out DAC 3.72
There’s a great article on Seeking Alpha on SOMX for anyone interested, apparently it has MEGA potential. Long term of course. But several big players have positions in it.
KERX, CRDC ripping…
Anyone looked at VVTV lately?
Buying QID REW TYP
tech is overdone .. I think 🙂
just a flip .. or a stupid trade .. we see 😮
Add some TZA to that mix ..18.04
glutton for punishment, so far
CNBC wondering if the home sales boosted the market. Trannys confirmed new bull, we are going to at least 1050
cnbc are retards…who fucking cares what crap dribbles out of their mouth…cnbc=dogshit
CNBC molests cats….got to be cat shit
Yeah it would be nice to see trucks and trains moving
haha…yes true laddie
VIX still green; must beware of a false breakout
AKRX
I’m liking my ISRG after market play last night
good call
Hey CA, look like all the markets are going to breakout today, would you agree to load up more on long positions now?
NYT bustin
ENTR breaking out; good volume
CA you are a seriously fast trader. Do you hold anything longer than a few minutes?
Of course, when I swing trade.
If a stock goes 20, 30, 50, even 100 fucking % your way, then you sell it!
Hey CA, you have a system for exiting positions? If a stock is up 20-30%, why sell if its going to 75%? Just curiuos if you have a system for getting out of postions and maximizing your gains? thanks!
As you may recall, I made over 90%+ in SOMX today on 2 separate trades.
It depends on the pattern. But it’s all the same. I already wrote it out before:
1) initial b/o
2) consolidation
2) secondary b/o
same shit. different day.
Interesting, just called TDameritrade and asked if they’d lower my commission rate – they dropped it to $7 / trade without hesitation. Painful lesson in amateur day trading today – I literally went to the bathroom – when I came back I had lost out on the CERS move, one of only 3 stocks on my list today! The lesson is when you gotta go you gotta go.
what else are you following?
NEWS – but all my cash is locked up – damn IRA – 3 day hold. I’m playing with a fraction of my account which really, really sucks.
docsparks,
i called ameritrade and asked them to lower my commission after reading your post.
thanks!!!!
damn, CAEI wants to bust through that 200 day MA so bad. CA — give it a boost! ha
Sorry, but I made too much money today. I’m done.
JAV still breaking out
ENTR giving good entry here around 3 after the pull back; im in
CA, I am trying to think the way you do. How did you know $SOMX would break out?
Thanks,
it’s not about thinking. this is how CA does it:
http://dontbetonit.files.wordpress.com/2008/08/biff4.jpg
haha – at one point, the spread on SOMX was a nickel. a nickel on a pos $2 stock. that was awesome. it was swinging 5% every 30 seconds.
also BEE went berzerk today. put it on the radar. it’s up against m/a resistance currently.
relaoding the IBM puts…
Long term Fibonacci retrace puts JAV right about 50% here…
Looking at DDSS here, but wary of possible “sell the news” tomorrow.
UIS imminent
Many folks benefiting from my SOMX call:
http://i587.photobucket.com/albums/ss311/chartaddict1/1-10.jpg
Seriously, how did you do it dude? Did you borrow “Le Fly” ‘s time machine?
I looked back at the last week of posts and can’t find the buy in time or price. I would sure like to know how you spot that. how did the breakout get spotted. And my compliments on the many amazing picks.
Are you blind? Seriously, I’m not even going to answer this one. Ridiculous.
Someone else who actually pays attention can reply to this.
syas, look at the 10:11 post this morning
Christ I am blind. Thanks.
out of reverse diETF’s for losses
CODI putting in a decent day by mortal standards. There’s a significant dividend for grabs as well, making it a fairly sweet short term reward (again, mortals only).
Compass Diversified Holdings (Nasdaq: CODI) (“CODI” or the “Company”), a leading acquirer and manager of middle market businesses, announced today that its Board of Directors declared a quarterly cash distribution of $0.34 per share. The distribution for the three months ended June 30, 2009 is payable on July 30, 2009 to all holders of record as of July 24, 2009.
XOMA
XOMA heating up, looks good above $0.80
NEWS breaking out too. 3/3 and I still suck holding cash I can’t touch. Looks like the financial squeezes are live; WRLD, look for CCRT
One final trade. Hitting SOMX again $3.43/44/45/46
out half SOMX $3.73/725
Out other half SOMX $3.57/58
UIS has been basing under 1.76 for a while now; if it can bust through 1.75 it can easily explode on your mustache
Reached my personal record for the largest 1-day total portfolio gain = +25.6%. NOW I’m finished for the day.
Most people would be happy to have that in a year
What Broker do you use?
CA – If you’re not careful you’ll end up in the next edition of Market Wizards.
buying IBM puts
I don’t think I’m finished for the day.
Bought SQNM $5.39/382
Bought SOMX $3.50-55
TLB squeeze in progress
watching BEE and RAD
in RAD
Sold SQNM $5.23/235
In RAD @ 1.35
RAD looks like a potential cup and handle formation…thoughts?
on what time frame?
daily on a 3 month chart…am i off?
it’s got the cup/handle thing on a long-term chart, but i’m looking for it to hold the 20-day and move up a bit from that. i’m playing it as a short-term swing, unless something unusual happens.
i hope the 20 day and 50 day ma hold as support…stop right below support…
if it falls below on light volume, i’ll let it run. if it breaks down with volume, i’m gone. that’s what i like about these types of trades, though: defined exit.
Out SOMX $3.30
I cought DDS on a limit buy at 8.50….. its pulling back decent break out of sym triangle.. I will swing it….
I just got back to the trading turret…..
damn SYMX broke out. Missed that one
AOB overnight hold
i love that small cap american pharma is basically broke and living off of debt to fund research, and chinese small cap pharma makes a ton of money.
it’s like a microcosm of the two countries.
well, RAD was like watching paint dry, but i’m holding it still.
Short into close with beliefs of a drop in route.
Great trading today CA, massive returns. Out of interest what % of your total portfolio do you risk per trade?
CA: Is there a post where you give hints about how you create your watch list? If no, is it possible to write one? Thanks in advance. MertTo.