Hope everyone had a great Labor Day weekend. Mines was sort of crazy/busy. Time to make some money.
Joined Nov 29, 2008
329 Blog Posts
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
As i just posted on the last post… Bought BPOP @ 2.40, Bought RTK @ 2.00
Still in both from Thursday (maybe wednesday, don’t remember). both looking great
Hope you got at least some break time CA.
Looking at some pain in the shorts today; ATPG, KPPC, GTXI, TLB, YRCW – in particular TLB seems a perpetual squeeze fest and a possible surprise in earnings could be exciting.
SAY is always on my list along with the usuals, DRYS, HBAN, KEY
HLCS will be spectacular today
hey doc — thanks for HLCS. someone bought 4 machines and its up up 25%.
I have no idea how this will go, but I believe the odds greatly favor it going “well” – enjoy the days ride!
Our old buddy must have mind melded with a fish or something. What a wikipedia entry JoshFish would make for how not to be when it comes to investing.
http://tacharts101.blogspot.com/
Actually it’s pretty sad. When I first read him in the PG I thought it was a joke or something. With all of the talent around here it’s pretty amazing that he didn’t pick up a little to improve his trading.
I’m such a loser I dug a littled deeper. He’s heavily into online Poker. I gotta believe he’s just playing with “old” money – no one I know who works for a living could be like this guy.
doc, you mind if I ask you to share your insights on how you pick these short squeeze stocks?
screen over 20% short float, ave vol over 200K, price over 20d and price up. Then I look at the charts and the sector action.
thanks doc!
wouldn’t you want the float to be less? Cause that’s what those ahole wants when they want to squeeze you out?
Which screener do you use?
Thanks.
Higher percentage of available shares short is better, and the ratio is important = days to cover based on average volume. More days to cover means more pressure on the shorts when it’s hot. TLB takes 8+ days of normal trading for all the shorts to clear – they can’t get out without spiking volume – all the action brings in packs of voracious day traders and it gets better and better. Like blues feeding along the rhode island shore.
TLB can go for a while. YRCW has 1/4 the ratio of TLB so the squeeze is over fast.
All in theory of course. The squeezes I’ve seen come in waves over the day – I see YRCW is picking up again.
I use FINVIZ. Keep in mind though my success has been good with squeezes, my experience with this shit is limited – luck has been with me no doubt.
Sold BPOP @ 2.38 and RTK @ 2.00
YRCW going nutz
JAZZ as well
in TLB at 7.01 looking for an entry to YRCW….
Heads up… WCRX
chasing YRCW at 2.63 got some air and maybe busts the 200d. Big ass squeeze
out YRCW at 2.54 – should not have gone and played with the baby…
Hello everyone … hope the end f August dullness treated you all well I just came back from vaca and I see i missed some pretty nice recent action but ready to bank some coin. Let’s hope the dollar dies a slow death and we can get back on that materials and oil plays that made me most of my coin in the past. I see uncle Jake’s metals have been on fire and wish I had held more then just EGO and a small TCK position …. need to do some research before jumping in and piggyback some daytrades from you guys.
hey Milan, great to have you back!
hope you had a nice vaca
long JAZZ
Out of JAZZ… small loss
FAZ is crawling slowly up under the radar….
Thanks Chn great vaca & back ready to bank coin.
9:56 EDT JAZZ Rumor: Jazz Pharma moves higher on renewed takeover speculation.
wouldn’t surprise me – JAZZ has a great pipeline and is likely a huge factor in neuro medicine moving forward. I was planning on getting back in on a retracement…
J hook, ES 1 min
Whichever market god is in charge of ES recently is seriously asleep at the wheel. +30 move in oil and ES gets nothing. wtf?
That’s more like it.
FAZ 24.52
HYC 2.83
Bought KOG @ 1.92…crude ripping
ALD
Bought CYTR @ 1.10
KOG BTFO!
CYTR volume picking up the last 10 mins
DENN
AVII-long
INO starting to move ….
Anyone get some OPXA on the pullback from the open?
Nice call on OPXA!
SQNM long again… going to sell the next big rumor driven spike, lol
sold 6.05 and 6.08 from 5.65
back in 5.88
TLB moving
Sold KOG @ 1.93 and CYTR @ 1.11
CDE and SVA doing lines of coke off the coffee table, with cawfee, this morning.
_____
you’re going to need bigger hands to count your coin Jake – green paint spilled all over your portfolio the last week or so – love your “small” position in HLCS!
doc—TLB creating steps to a BO?!
I think it already did 😉 earnings report is tomorrow…
SQNM lil pop
probably due to this
http://www.theflyonthewall.com/permalinks/entry.php/SQNMid1131978
but it is not on yahoo finance yet…
heads up JASO CMZ
out TLB 7.16 gotta run. 45% cash, lots of HLCS.
Back in JAZZ 10.37 – can’t help myself, reviewed the financials, the pipeline again, etc…falling in love with a biotech seems a recipe for something bad.
Now I’m out of here.
secondary BO set up- SQNM
ARIA imminent… bought @ 2.49
sold HYC 2.82
added more FAZ 24.72
Sold ARIA @ 2.56
FSLR
has received initial approval from the Chinese government to build what may become the largest solar field in the world. First Solar, which makes more solar cells than any other company, said it struck a tentative 10-year deal to build in China’s vast desert north of the Great Wall. The project would eventually blanket 25 square miles (64 sq. kilometers) of Inner Mongolia with a sea of black, light-absorbing glass.
At 2 gigawatts, or 2 billion watts, the solar plant could pump as much energy onto China’s grid as two coal-fired plants, enough to light up three million homes!
VIT 14.41, other positions are RBY, IVAN, GMCR, SVA, YONG
OCLS
KONG 13.02
Euro in a rising wedge – 1 min chart – at 1.4500 support – wedge could become a channel if it catches support around 1.4491
Possible concern for ES / CL
BYD, short
Anyone get the feeling that Helicos is about to get bellicose, ovah heah?
___________
BOT OCLS $2.72
Short /NG 2.800
Covered /NG 2.780
+ 20 ticks
/NG got linked back to /CL & the broad market today – new trend? firming up?
Either way, it made for some great 10-20 tick scalps today.
OCLS b/o
EGMI (thin one)
Short /NG 2.814
Covered /NG 2.812
+ 2 ticks
Bought more HLCS at 2.87 – this is now 25% of my portfolio – way out of line – and extremely speculative. However I’m up over 100% for the year and my cost basis is pretty darn good (up almost 60% on the shares I currently hold)
I see no reason to change my perspective on the pressures faced by both research and commercial facilities to buy this machine as opposed to the competitions older technology. HLCS just earned themselves another quarter of time, and a million in recurring revenue, and it’s only been a few weeks. The few well heeled competitors will not be selling any new machines, and will be faced with quite a conundrum to quote Christopher Walken.
Christopher is best experienced through Kevin Pollock
http://www.youtube.com/watch?v=KQZ_GKN9Ufw&feature=related
Congrats Doc …but it sounds like the CA community may have to perform an intervention.
Yeah, I’m torn thinking I’m an idiot and not telling anyone I’m an idiot. Unlike the JoshFish at least I know I’m capable of being an idiot.
I have taken risks throughout my life though – at least I’m doing this with a fat cushion of coinage and putting decades of my professional experience to use.
I’ve been waiting for CA to ban my sorry ass – not that the market might not do it anyway in a very public, educational way…
I don’t buy these HLCS afternoon fades (well, I guess I have been). Spike in the premarket and EOD? Something’s going on – must be easy to move the stock given the float. Watch for the EOD action.
No doubt Purdy, surprised CA hasn’t banished my sorry ass. I’m torn between being an idiot and being open here about it to help provide a clear lesson when the position crashes and burns. Having a very comfy cushion and the comfort of being able to consider the science from my professional background helps me follow the garden path here.
I don’t buy this AM spike with the intraday fade – often followed by the EOD power up again (well, I have been a buyer). Seems with the small float it’s easy to push this around in a range.
Bought ARIA @ 2.57
Out flat @ 2.57
ah! just got back from some erands to see that i stoppped out of FAZ and am now in FEED and YRCW 😉
Out OCLS $2.79
APT 5.91
Short AIG 36.06
Cover 35.99
KONG and VIT looking good
BQI
out of YRCW 2.6 (entry)
TA moving
AMD B/o
Thanks doc, followed in HLCS from yesterday. nice play
FEED!
MNKD
JMBA 1.16
I was a bit early………sorry for the stupid question CA………
GozoTrader says:
August 31, 2009 at 7:58 pm
CA fantastic list………. I found the last 5 on your first post,
What did you see in SAY? any hints?
Man that thing rocked….
I cant post interday very often….. here a few I found today,
GBG, MERC, XRM, ANDS, CASM, OPXA, and PCAR, some new ,some old.
Are you still going to runn your blog when you start school?
Overnight watchlist post.
HLCS
NVAX
DDSS
SOMX
PLLL
ISTA looking to BTFO …
XOMA up big in the PM.
BPOP picked up a bullshit downgrade.
XOMA good.
JBLU broke out of recent trend with upgrade… got lucky, bought @ 5.92
Sold BPOP $2.21 ($2.12 basis)
TITN 14.11
bought SGY $13.85. i used to own this one at $3.27!!
FIG 5.05
JAZZ and SAY moving. Added to SAY at 6.76
posting in Jake’s tab by mistake
HLCS premarket bullshit is over.
JAZZ – added second position at 11.19 something going on with this three day rocket ship
JAZZ b/o
Jazz moving again
entering a short position in /NG – probably will carry through inventory tomorrow 10:30am
2.970 1st entry
added 2.997
avg 2.983
covered half 2.956
+27 ticks
possible 3rd attempt at 3.000 coming – wanted to book some profits
XOMA imminent… bought @ .8903
FIG
Sold XOMA @ .8995
Short LTXC @ 1.43… small play
JAZZ moving
Well I won’t be around to watch it develop, but a cup and handle could be forming on /6E, my pt would be around 1.460/1461 if it plays out.
Mike,
I want this trade when it unwinds. After my /NG short into the report tomorrow I will be looking for reversal to get short /6E and possibly /CL.
DPTR
AIB, short
Bought RTK @ 1.96… not a daytrade, it’s a SWING!
RTK successful test of 20dma and held prior lows over the last 3 weeks… new high of the day
SOMX
OCLS -both shaping up nicely
AXL
BARE
FNM??????
Covered LTXC @ 1.42
building a small /ES short
1034.25 1st entry
covered 1033.25
+1 – fucking boring
C
DRYS 6.34 back to see JAZZ fell short – didn’t place a stop – keeping the second (losing) postion for now.
5 min chart 6E – possible H&S forming on the day
UIS blue sky
Where is our fearless leader? It’s not the same without him man…
haha…yup
watching for UNG to hit the bottom of the channel to close my /NG short – will go short again if I can get in around 3.000
trade working faster than I expected.
short 6E – 1.4569
stopped 1.4564
+5 pips
falling asleep today
now it sells off… sorry – nat gas was more fun.
OCNF imminent breakout
DRYS – all the shippers going, enjoy the ride!
Sold VVUS (bot @ $.6.80) for $12.10 … still holding ARNA
Nice one teahouse. Was it you that posted the four obesity drug plays recently?
AMCC about to break intraday
covered 2nd half /NG short 2.878
+27 ticks 1st half $540
+105 ticks 2nd half $2100
$2640 total
wanted it for a bigger move tomorrow but I’ll take my money today.
The next ~100 ticks to the downside will not go as easily (lots of congestion here) but I see a 2.7 handle coming – may be overnight or tomorrow but /NG got ahead of itself with one hell of a short covering rally.
Just watch the OPEC meeting (we’re tracking crude again) & the beige book (most likely a minor event)…
MGI looking good
Sold RTK 1.97… disappointed
/GC (gold) should have bounced @ 994.60 – blasted right through it…
IMO very negative for gold short term.
BAD omen for crude oil, nat gas, Euros, etc. This was a correlated trade.
shorts should go for 987 to 981 range
Terranova will say he sold today causing panic… ha ha ha.
got it – 983.2 low so far
Nice one retox. Saw /GC go to 993.50 and back off yesterday. What are you using on your short term charts? I use trendlines, candles, with stochastics, but I’m think the stoch signals too troublesome–any suggestions? How did you come up with the 994.60 support? Thanks.
Thats a hell of a bounce.
Stalling again.
1 hour chart from the 1st & 2nd (the start of the big push up). Just a simple trendline that I knew a lot of traders would be looking at as a stop and/or an area to short.
Trendlines, support/resistance levels, volume, OHLC chart (I can’t do candles), and simple patterns only. In addition, reports, sentiment, interaction of markets, and a little gut.
few K of TZA @ 13.50 for a swing
longs will try to take /NG back at 2.800 – ready to scalp it for 20 or so ticks.
It’s NOT a small tax – It may be incorrect but the information I’ve received regarding the per-trade tax puts the amount at $6-$13 on average PER CONTRACT in the futures market.
This will take A LOT of liquidity out of these markets.
It will also drive up the cost of all commodities (and energy) priced by these contracts. Think sugar, food, metals, building materials, etc.
CNXT looks immenent
Fail
Out of ARNA @ $5.09
SWM 50.40
YRCW bought @ 2.63 in afterhours… news out
Expecting a gap up 2moro?
added CPE before the close @ 1.91
/NG 15 minute chart looks like a bird looking to the sky while giving me the finger saying – “short me you bitch”.
Nothin doin until the 10:30 inventory report.
Tempting pattern. Do you always include outside-of-NY-trading-hours in your charting of futures?
The best part to me is that we sliced through the uptrend lines – we just need to decisively move below 2.800 and I think we see a lot of longs unwind.
Just too risky taking that before the report though.
I don’t trade much at all afterhours but I always use the data.
did it – now going for 2.759
Euro, oil, SPX said it was going…
oil, euro approach support 71 / 1.4500 – /NG should go a little more
Got my fill at 2.759
+42 ticks
OUT until after 10:30 nat gas & 11:00 crude reports – I PROMISE!
2.759 proved to be a tough level to clear
Massive move on DVAX …