Plays for Nov. 6

Five longs

Long:

OIS 35.57
COGT 11.99
TRMP 6.21
DFR 7.36
GLUU 5.84

Plays for Nov. 5

Five longs and one short.

Long:

GES 44.27
RAS 7.51
CKP 25.49
FBN 10.24
TARR 1.6


Short:

CRY 8.31

Plays for Nov. 2

Seven longs

Long:

GRMN 100.01
ALVR 11.03
MNC 10.7
SPSS 35.97
SSYS 24.95
CKSW 5.4
MALL 16.72

Plays for Nov. 1

Two longs.

Long:

CYTR 3.78

SGN 1.09


Watchlist:

PSEM 14.94 earnings pop

CVLT 20.34 earnings pop

ANSR 4.07 earnings pop

Plays for Oct. 31

One long and one short.

Long:

SILC 16.51


Short:

CRGN 1.35


Watchlist:

ACTU 8.74 up 18% on six times avg. volume following great earnings and analyst uprgrade.

Oct. 29

Four longs on tap for Monday.

Long:
WCG 31.36
VDSI 25.01
TKR 32.35
STAR 23.32

Plays for Oct. 26

Seven longs and one short on tap.

Long:

FFIV 34.19
ANAD 14.45
RVBD 32.67
SVVS 34.34
PNRA 41.66
ELON 20.75
DSTI 4.65


Short:

FLML 12.03

Plays for Oct. 25

Two longs on tap.

Long:

CSUN 8.99

GIGA 2.72

Plays for Oct. 24

Two shorts on tap.

Short:

SHRP 3.32

ASCA 29.55

I have placed an order to sell short SHRP at 3.28 limit and to cover at 3.45


Watchlist:

ARTG 4.07 up 19% on 7 times avg. volume

FUQI 10.47 ipo first day of trading up 16%


A number of tech names BRCM, RVBD, NVLS, RFMD reported bad earnings and or lowered guidance. Nasdaq futures are down 15. Look for plays on the downside should yield good results in a falling market. I would short the other filter pick ASCA also but I'm still holding it from today. If it gaps down and I get stopped out, I'll then be able to put the short trade on.

Plays for Oct. 23

Five longs and one short on tap.

Long:

SLB 95.34
ANPI 4.26
UTSI 3.59
LF 7.09
QXM 10.7

Short:

XJT 3.50

Plays for Oct. 22

Three longs on tap.

Long:

NFI 5.33
PBKS 25.45
KUN 8.62

Oct. 19

The bounce filters came up empty for tomorrow.

Plays for Oct. 18

One short play.

Short:

NXXI 1.03

Plays for Oct. 17

One short play.

Short:

IMMU 3.24

Plays for Oct. 16

Two longs and two shorts on tap.

Long:

NILE 81.84

GBT 5.57


Short:

HLYS 9.90

PRVT 3.09 doubled in four days and no news to account for it.


Watchlist:

SQNM 10.13

Oct. 15

The filter produced no plays for Monday.

Watchlist:

GIGA 3.76

IFON 3.02

Plays for Oct. 12

One long play.

Long:

SNTA 8.79


Watchlist:

CTEL 10.75

WPTE 3.25

Plays for Oct. 12

One long and three shorts on tap.

Long:

KMGB 15.38


Short:

CSUN 13.78
NGEN 1.02
NWOL 3.25


Watchlist:

SEED 12.73

SDTH 5.40

FREE 10.24

Plays for Oct. 10

One long and one short play on tap.

Long:

KMGB 18.31


Short:

ONT 1.56


Watchlist:

NINE 5.20 up 25% on huge volume, another China stock going nuts, need not say anymore

Plays for Oct. 9

One short on tap:

Short:

VG 2.57

Plays for Oct. 8

Five shorts for Monday.

Short:

BHIP 5.19
ORS 5.36
NEOL 1.46
LEV 3.44
AUTH 12.84

Plays for Oct. 5

One long and three shorts for tomorrow.

Long:

LDK 48.30


Short:

LUM 2.87
LEV 2.91
SNTA 10.99


Watchlist:

ORS 5.05 up 55% on hugemongus volume, raise revenue guidance 20%

Plays for Oct. 4

Five shorts for tomorrow.

Short:

CSUN 11.54
EFUT 31.6
LUM 2.42
BZH 10.24
PIR 5.95

Watchlist:

GAI 4.29 up 30% on 25 time average volume.

WNS 22.18 up 26% on 3 times avg. vol. raised guidance.

Plays for Oct. 3

Two long and three shorts for tomorrow.

Long:

GRMN 100.10

FXPE 2.79 otcbb



Short:

MRVC 2.88
SDTH 7.3
ASUR 1.1

Plays for Oct. 2

Four shorts on tap.

Short:

ENT 2.93
WCC 45.6
FRH.W 3.3
NGA 8.32

Plays for Oct. 1

Three shorts for tomorrow.

Short:

ENT 2.71
JSDA 12.06
ACPW 2.21

Plays for Sept. 28

Three shorts for tomorrow.

Short:

MDTL 12.34
NWD 1.29
NINE 4.68

Plays for Sept. 27

Four shorts for tomorrow.

Short:

XFML 8.78
PXLW 1.17
CSIQ 10.5
ATV 21.49

Watchlist:

CBAK 7.37 up 46% on over 6 times normal volume

Plays for Sept. 26

One long and one short on tap.

Long:

FBC 10.10

Short:

CSIQ 9.61

Plays for Sept. 24

Three shorts on tap.

Short:

CPSL 5.28
EEE 5.21
ACPW 1.72

Plays for Sept. 21

Three shorts on tap.

Short:

NEXC 7.76
XING 9.77
CLNE 15.95

Plays for Sept. 20

Four shorts on tap.

Short:

RDN 25.01
UTSI 3.71
ANH 6.07
DRL 32.35

Plays for Sept. 19

One long and one short play for tomorrow.

Long:

IRBT 17.49

Short:

UTSI 3.45

Sept. 18

The filter produced no plays for tomorrow.

Plays for Sept. 17

One short on tap.

Short:
MECA 2.78

Plays for Sept. 14

One long on tap.

Long:

SCON 5.18

Plays for Sept. 13

One long and one short for tomorrow.

Long:

NFLD 1.87

Short:

ENEC 1.00


Watchlist:

VSCI 2.29 up 23% on 67 times normal volume, FDA approval, very low float 13M

Plays for Sept. 12

Four short on tap.

Short:

XTLB 2.44
DRL 23.73
NRMX 3.1
INVC 3.92

Watchlist:
CORT 4.68 traded up 37% on more than 20 times average volume, look for continuation

Sept. 11

There are no plays from the filter today.

Plays for Sept. 10

Two longs and two shorts on tap.

Long:

SCON 6.08

PFSW 1.30


Short:

TARR 2.88

DROOY 7.09

Plays for Sept. 7

One short for tomorrow.

Short:

CRDC 11.24

Plays for Sept.

No bounce plays for tomorrow.

Watchlist:

CRDC 8.02 up 49% on 75 times normal volume, look for continuation

Plays for Sept. 5

Two shorts for tomorrow.

Short:

NFLD 2.65

LEND 9.69

Plays for Sept. 4

Three shorts on tap.

Short:
AGIX 2.74
JADE 8.23
SOENE 1.16

Plays for Aug. 31

Four shorts on tap.

Short:
AGIX 2.51
SSTR 2.49
DY 29.66
AVNR 2.25

Aug. 30

The are no bounce plays for tomorrow.


Watchlist:

SSTR 2.28 traded 60 times normal volume today on great fourth quarter outlook. Looking for continuation move to 52 week high of 2.70

Plays for Aug. 29

One short play for tomorrow.

Short:
DESC 1.00

Plays for Aug. 28

Two shorts on tap.

Short:
LUM 1.70

PCS 30.67

Plays for Aug. 27

One short for tomorrow.

Short:

STSI 1.01

Plays for Aug. 24

Only one play for tomorrow.

Short:
NUVO 2.08

Code for short filter

Here's the code for the short filter, as provided by stockmonster which he calls Crash.

show stocks where count(RSI(2) 2 day ago below 10,60) is above 0
and RSI(2) is above 90
and average volume(10) above 250000
and close one day ago more than 10% above close 2 day ago
and close more then 5% above close 1 day ago
and 60 day slope of close is below 0
and close above 0.99
and market is not OTCBB

Plays for Aug. 23

Four shorts and one otc long play for tomorrow.

Short:
FMT 5.46
TNH 91.85
AZZ 33.37
OPX 1.36


Long: ACUR 1.20 otcbb

Stockfetcher down

Unable to access my filters at the moment so can't post any plays. Will try in the morning.

Plays for Aug. 21

Seven shorts for tomorrow.

Short:
RDN 21.8 13.84
ANH 5.21 7.20
JRT 12.8 8.57
RSF 8.94 13.89
RHY 9.84 19.42
RMA 9.36 14.57
RMH 9.52 15.53

Plays for Aug. 20

One long and eight shorts on tap.

Long:
CHCG 5.35 otcbb


Short:
SUSQ 22.14
JRT 11.79
FBC 12.62
PVTB 34.35
CBHI 7.00
IBCP 12.90
DCOM 13.86
RCTY 2.30

Plays for Aug. 17

Fourteen longs for tomorrow. Strange that 7 out of 11 are mining companies (non otc)

Longs:
TGB 3.76
ACH 37.05
AGU 36.6
IAG 6.92
SA 25.35
LMC 9.88
TBSI 27.71
NAK 9.83
CBD 27.5
EXM 29.5
MEA 6.34
WWAT 1.27 otcbb
CHCG 5.6 otcbb
IMGR 1.05 otcbb

Plays for Aug. 16

11 longs for today. Stockfetcher site was not working last night.

Longs:
BMD 1.92
NM 10.6
GGC 14.76
RBY 1.67
GMO 5.29
MEK 12.34
GGBM 4.76
AIXD 6.89
WWAT 1.1 otcbb
CHCG 6.07 otcbb
IMGR 1.1 otcbb

Plays for Aug. 15

Only 3 longs on tap, now that's a more normal number.

Longs:
SMSI 15.06
GGC 15.56
NANO 7.33

Plays for Aug.14

17 longs and 3 shorts for tomorrow.

Longs:
HOKU 8.9
ELON 25.51
AMSC 21.35
PWER 4.00
ZOLT 42.23
INT 36.85
HCSG 20.3
SNS 13.46
MBLX 21.94
TLB 20.85
BWTR 10.26
CERS 6.94
CWT 37.9
MXWL 12.86
AIXD 7.9
EMIS 4.21
CACS 4.47

Shorts:
SFN 8.62
SIR 1.3
NGA 6.83

Plays for Aug. 13

Eight longs and two shorts on tap.

Longs:
LLNW 7.94
DECK 95.05
PXLW 1.07
SNCR 31.1
TBSI 36.81
GSOL 17.4
FRH.W 2.5

Shorts:
IOC 33.15
SUF 5.75
TKO 1.8

Recap:
Let see, the 14 longs all went up with 8 double digit % gains, the 21 shorts all went down except for 2 with 6 double % losses. This is gotta be some kinda record performance for the bounce filter. Using the blindfolded dart throwing selection method would've been good enough.

Plays for Aug.10

Fourteen longs and twenty-one shorts. These large number of selections is absolutely crazy. I've never seen the filter kick out this many day after day. Then again, the recent volatility have not been seen for quite some time. Normally after a big down day there will many more long plays than shorts. But the reverse is true after today's market plunge which leads me to conclude turmoil is ruling the slotmarket so be very lucky cuz careful won't be good enough to save your hide in time like these.
The list is in order by volume.

Long:
GTI 13.36
TUP 26.84
RGR 14.55
AVCI 7.25
METH 11.96
CHRD 12.94
WRNC 33.36
CALM 14.58
SGTL 2.7
MLI 29.86
DW 35.06
ADBL 8.84
FDP 23.4
VSR 7.45

Short:
BZH 16.76
HOV 16.22
CEGE 4.04
INPC 4.86
NRF 10.16
PSPT 12.72
IDT 11.74
LAB 7.24
FBC 12.82
GLBC 21.18
TXCO 11.71
ROG 44.31
ALTH 5.34
FLDR 6.53
JADE 7.08
HVT 13.51
ROCK 22.15
DYAX 4.5
CRWN 7.59
SBCF 19.89
MOSY 7.63

Plays for Aug.9

One long and seventeen shorts on tap. This is the largest number of plays ever produced by the filter. Shorting will the name of the game tomorrow.

Long:
AMSWA 8.95

Short:
DAKT 26.47
ENZ 17.93
ISSC 22
LTS 2.28
MSO 15.39
MBLX 26.37
REGN 18.41
REXI 18.7
SPC 5.44
RTK 2.34
ID 19.41
WCI 9.9
CMRG 12.5
SOMX 12
VLCM 43.65
TRMP 7.72
JAV 5.2

Plays for Aug.8

The bounce filter kicked out 4 longs and 1 short for tomorrow.

Longs:

FFIV 64.05

MIVA 5.34

AGEN 2.45

DSTI 3.76

Short:

EICU 8.47 no news that I could find to account for last two day's run up, this is the kind of reversal pattern setup that I like.

Plays for Aug. 7

A whole lot to choose from, long and short, choose your weapons carefully.

Longs:
LLNW 13.11

CSUN 8.48

SOLF 9.10

SMTX 3.75

BRS 41.85

UEIC 29.10

WWAT 1.41 otcbb

RVNG 1.10 OTCBB

Shorts:
CAB 24.98

SWIM 12.74

HMSY 24.96

Plays for Aug.6

Four longs and two shorts.

Longs:
POZN 9.18

ASCA 26.17

PRGX 13.23

IMGR 1.51 otcbb

Short:
PHRM 43.01

IOC 29.95

Plays for Aug. 3

Four longs and one short.

CHTR 3.38

MDTL 11.37

EURX 11.90

GGBM 4.07

Short IOC 27.69

Plays for Aug. 2

Six bounce candidates for tomorrow.

LCAV 33.40

FRH 2.35

NPLA 1.61

FFHL 6.47

MVBY 1.09 otcbb

HPRD 1.00 otcbb

Plays for Aug. 1

Three bounce plays for tomorrow.

INSU 16.52

NCST 2.90

MVBY 1.48 otcbb that's Russell's baby


The pundits are calling for a continuation of today's diving action. Overnight Asian markets dumped more than 2%. Abandon ship or at least tighten stops. Buying QID is the only safe long play.

July 31

The bounce filter came up empty.

Plays for July 30

Ten bounce plays on tap. No surprise after the down drafts last week. The markets are due for a bounce, if there are anymore dip buyers left standing that is. A simple decision maker is go with whatever is green.

AKAM 36.71

GT 27

BID 43.15 no news

NWA 18.99

CENX 52.77

CBT 39.25

AEA 14.87

DAR 7.82

ANO 2.51

GPK 4.52

Plays for July 27

How bout eight, yes that's right 8 bounce plays.

JOYG 48.42

LEA 32.85

HOKU 8.90

PCR 55.90 no news for drop

JAKK 24.25

NCST 3.51

CYD 9.83

AKNS 4.45 otcbb

Now to decide where to place your bets.

Plays for July 26

Five longs on tap.

ICO 4.21

SPPI 3.96

SNCR 32.71

HSKA 2.11

AKNS 4.88 otcbb

Recap:
FMT -3%

BWTR +0.8%

NPLA -2.4%

GLDD +3.6%

TMY even

Plays for July 25

Four longs and one short.

Longs:
FMT 7.65

BWTR 10.88 this imho is the most likely to work

NPLA 2.22

GLDD 7.79

Short TMY 2.01

Entered trigger to buy BWTR at 11.01 with a stop 10.80

Plays for July 24

Two longs and one short on tap.

Long NFI 4.61

Long NPLA 2.40

Short DRL 1.37

July 23

The filter came up empty for Monday.

Recap:
TAM -3.2%

BNVI +3% short

Plays for July 20

One long and one short for tomorrow.

Long TAM 30.56

Short BNVI 3.81

Recap:
JADE -3%

BCON +26%

NWBO +1%

UVSE +9%

The filter kicked butt today.

Plays for July 19

Four longs on tap.

BCON 1.42

JADE 9.50

NWBO 3.15 otcbb

UVSE 1.56 otcbb

Plays for July 18

Four longs on tap.

THK 2.63

REDF 21.52

CHCG 7.05 otcbb

NWBO 3.59 otcbb

Recap:
KDKN +12.3%

TMY -10.2% short

The filter rocked today, two for two, both double digit gains.

Chasing momo:
FCSX in 63.50 still holding with a stop at 63 as it appears to have broken out on the daily chart.

DJO in 53.48 out 51.84 bought at the top and it plunged immediately, crap

ESMC in 6.90 out 7.88 executed well
then tried it again in 8.50 out 8.34 got in late, awful trade

KLAC in 59.32 still holding, broke out on good news but in AH INTC announced cutting capex, looks like KLAC will get dumped at the open. I'm think about putting a sell order to bail at the open, no telling how far it's going down. Talk about reversal of fortune, sheesh.

PCU in 111.68 out 111.55

LSI in 8.36 out 8.25

Plays for July 17

One long and one short on tap.

Long KDKN 2.70 otcbb

Short TMY 1.76

Plays for July 16

One long.

SBEI 6.23

July 13

No bounce plays.

Recap:
NFI +1%

SYNL dead even

NWBO +21.4%

ACUR +33.6%

FONR -8.7% short

That's 4 for 4 with 1 draw. If you could play the pinkies, wow.

Chasing momo:
MMR in 16.16 out 16.19

WIRE in 30.91 out 30.76

NT in 23.82 out 23.73

GROW in 24 out 23.98

AVA in 22.14 out 22.02

Didn't have a single profitable trade, really stinks.

Plays for July12

Four longs and one short on tap.

Long NFI 7.58

Long SYNL 30.50

Long NWBO 4.20 otcbb

Long ACUR 1.31 otcbb

Short FONR 8.14

Recap:
BTJ +2.3% didn't get fill when it gapped up open at 49.30

OCTL -8.7% never did go green

Chasing momo:
TZOO in 28.76 out 28.50 too tight a stop, reversed immediately, aarrgghhh

FMD in 40.36 out 40.00 then tried it again in 40.80 out 40.76

really felt like throwing in the towel today

Plays for July 11

Two longs on tap.

BTJ 48.79 this high growth IBD stock had two days of profit taking

OCTL 1.72 otcbb

I've entered a Trade trigger to buy BTJ when it's at 49.01 with a stop trigger 48.01

Recap:
WWAT +12% does the bounce filter work or what

Plays for July 10

One long for tomorrow.

WWAT 1.55 octbb

Chasing momo:
FFHL in 8.30 out 8.04 got caught in a hard first pullback

TASR in 14.45 out 15.17 entry was good but stop was too tight, finished at 17.20

JNJ in 63.25 out 63.05 shared buy back news got sold off

IVN in 16.93 out 16.91

DOW in 46.77 out 46.88 the move didn't stick

COP in 82.72 still holding, share buyback news broke out to all time high in a strong sector so holding for a swing trade.

Sold CAL at 37.90

GROW still holding with a stop at break even.

Watchlist:
SIMO broke out on healthy volume, look for continuation

July 9

No bounce plays as the filter came up empty both ways.

Recap:
FFHL -3.8% so far history is repeating itself as in the third week of June when it peaked at 8.47 it when down the following day finishing down 23% in three days. Thursday's high was 8.48 and it was down Friday, so look for sell off to continue.

CPSL -2.8%

Chasing momo:
Disastrous day again, will try to detail later as I'm very tired.

Did manage to get in GROW at 23.42

Plays for July 6

Two shorts on tap.

CPSL 4.22

FFHL 8.07
Trade trigger to sell short 1000 FFHL if and when it trades at 8.00 limit, with buy cover trigger at 8.20 market.

Chasing momo:
LOCM in 9.95 out 9.20 ouch

FCSX in 57.77 out 57.26

CPSL in 4.24 out 4.06 crap

SONO in 35.40 out 35.42

KYPH in 51.92 out 52.55

LLNW in 21.44 out 21.08

DGX in 54.31 out 54.11

LOCM in 11.45 out 11.21

Dropped $641 before commish today, many of the trades went back up after stopping me out, what a frustrating day.

July 5

All bounce play filters came up empty for tomorrow.

Recap:
PKTR +6.3%

GMO -0.3% short

Chasing momo:
LOCM in 9.10 out 9.05 setting a breakeven stop would've been the wise thing to do, lucky I didn't lose me ass on this trade as I was down quite a bit before it came back

LLNW in 20.26 out 19.70 head fake, should've bailed a little earlier

HOKU in 10.84 out 10.81 bailed out at the right time

My short on CAL got stopped out at 35.50 the market was moving so fast past my trigger at 35.07, illustrates why stop orders should always be market orders because a stop limit most likely would never have been filled and I'd be in a world of pain.
When I saw how fast it was moving, I switched sides and went long at 35.79

Plays for July 3

One long and one short.

Long PKTR 7.35

Short GMO 6.93

Recap:
NFI -.3%

CRYO -15.6% short

VSGN -0.4 short

Chasing momo:
IOC in 23.45 out 24.01 300 shares

RPM in 24.01 out 23.76 300 shares, caught in a head fake

LOCM in in 11.10 out 10.46 800 shares ouch, if I didn't have to leave for work I would have used a trailing stop trigger and got out at 11.50 for a profit.

Plays for July 2

One long and two short for tomorrow.

Long NFI 6.98

Short CYRO 5.63

Short VSGN 2.69

Recap:
IMH +5% went positive the in the last 15 minutes

IOC -23% looking for the bounce on Monday

CBAK -11%

VRNM -15%

XNL -8%

Chasing momo:
Shorted IOC 19.19 covered 18.66 with 350 shares

LOCM in 5.60 out 6.42 with 1500 shares, then went to the well a second time 1000 shares at 6.35 and it reversed immediately and I bailed at 6.07, ended up at 6.92
The big move was from news of a patent award for local search which means the company could earn large sums enforcing the patent or a bigger rival will buy them out. In either case the stock should go much higher.

TZOO in 27.29 out 27.05 with 300 shares, move was a head fake

Net for the week was +559

Plays for June 29

Two longs and three shorts.

Long IMH 4.39

Long IOC 24.60

Short CBAK 4.42

Short VRNM 5.97

Short XNL 1.83

Recap:
IOC -5.5%

WHI -3.6%

AVNR +0.4%

UVE +1.7%

Chasing momo:
PWE in 33.75 out 33.50

NDN in 13.66 out 13.47 way too late on entry

TTI in 27.90 out 28.24 good entry but the move was sold back down

Plays for June 28

Four longs for tomorrow.

IOC 26.02

WHI 2.78

AVNR 2.41

UVE 5.90

Recap:
ADLS -3.3%

Chasing momo:
DIVX in 14.82 out 14.60 was a head fake move

GRA in 25.16 out 24.59 caught in another head fake

Plays for June 27

One long.

ADLS 2.45

Recap:

QTWW -1.9%

MCZ -7.4%

SMSI -0.8% short

Plays for June 26

Two longs and one short.

Long QTWW 1.56

Long MCZ 1.35

Short SMSI 15.41 up two days on two analyst upgrades

Plays for June 25

One long

NRGN 6.98 down 18% last three sessions no news

Recap:
JAGH -3.9%

CNTF -4.2% short

Plays for June 22

One long and one short.

Long JAGH 1.04 otcbb

Short CNTF 6.19

No plays for June 18

The bounce filters produces no plays for Monday or yesterday.

Recap Thursday:
USU +3.6%

SCEY +9.1%

GNST -1.6% short


The CAL short got an endorsement from a writer at thestreet.com with a nicely annotated chart illustrating the technial breakdown http://tinyurl.com/2lmvmg
Any intraday bounces are being sold down providing good entry points which is how I entered this trade. I've got a stop at 35.07 a tick above last Tuesday's high.

I'm going to do some camping at Bass Lake next week, next post will be Thursday night.

Plays for June 14

Two long and one short.

Long USU 18.21

Long SCEY 2.52 otcbb

Short GNBT 1.92

Took a short position in CAL at 34 from a call by Bolling on Fast Money that it has broken down through support of 35 and cost of jet fuel continues to rise, target 30.

No plays for June 7

No bounce plays from the filter for tomorrow.

Recap:
ANSW +0.6%

TELK +2.3%

IDMI -8.3% this short was certainly playable

Chasing momo:
PPS in 53.05 out out 54.50 used trailing stop 2.5%

WAT in 61.06 still holding with a stop 60.72, big volume today, may continue

DCGN in 3.91 out 3.90 didn't run, got out break even was a good thing

TASR in 10.64 out 10.63 didn't continue, bailed break even

Plays for June 6

Two longs and one short.

Long ANSW 14.10

Long TELK 3.42

Short IDMI 4.84

Recap chasing momo:
ENN in 20.77 out 20.59 didn't run after the pop

Plays for June 5

One long and two shorts for tomorrow.

Long PPHM 1.09

Short IDMI 4.44

Short CTDC 3.53

Recap chasing momo:
MAR in 48.04 out out 48.11 waited for the second run to get in, maybe that was a mistake hard to say as the first run was not followed by more volume but price crept up, bailed out as it reversed.

FMD in 41.25 out 40.25 entered at the top, way late, slow to bail, just awful

IDSA in 17.89 out 17.82 didn't run, break even stop trigger was 17.89 got a lousy fill

Saw a bunch of poppers but I was out of sync all day.

No plays for June 4

The filter produced no long or short plays.

Friday's bounce play was MCZ and it went up 14.5% too bad I didn't play it.
SCOX was the other long and it went down 3.4%

Chasing momo:
LFG in 98.01 out 104.39 hesitated entry when no news could be found, exit with trailing stop worked well

CTDC in 3.08 out 2.94 first pullback was hard and nasty and bailed at the very bottom as my stinkin luck would have it

SLFI in 10.42 out 10.21 entered at the very high of the day, cut losses pretty quick

IDMI in 3.80 out 3.78 entered late in the run, not a good entry at all, cut losses quick was my saving grace

NOVC in 13.78 out 13.55 bailed at the very bottom of pullback, aarggghh
entered again as it was breaking high of the day at 14.14 but it tanked from there and bailed at 13.54, gave back a sizeable chunck today

PARD in 8.79 out 8.54 waited too long to bail as I saw no volume after the initial spike which had me thinking the run is not going to continue but failed to eject immediately

GROW in 22.45 out 23.86 entry was a tad late, exit was legit with trailing stop

The first and the last trade of the day was good but the six in between really sucked

ESRG dump 500 at 0.80 pigs get slaughter and I was a greedy little pig

Net for the week was 1430 which is a step in the right direction but Friday's six losers need to be remedied. The big problem is still not cutting losses quick enough.

Plays for May 31

Two longs and one short on tap.

Long CUP 4.81

Long JSDA 18.59

Short EMIS 3.95

Chasing momo:
JOYG in 52.84 still holding, started retreating right after entry and bottomed at 51.96 almost hit the eject button but it climbed above 54 which gave me a chance to put in a stop trigger at 52.99, came within 0.11 of stopping out shortly after I left, stop reset tonight at 55.19

NOVC in 11.13 out 11.30 trailing stop way too tight, ten minutes later came a huge volume spike and I jumped in again at 12.19 and in one bar cleared 15 and stopped out at 15.60. What a rocket ride that was, even though execution was not flawless, can't complain too loudly about the biggest winner ever that took only fifteen minutes.

Will try to recap the missing days this weekend.

Plays for May 24

Two longs and one short for tomorrow.

Long OMR 6.68 hard to say how much the sunken treasure is worth to the company but shares continue to sell off

Long ABAT 2.23 otcbb, sell off after the good earnings report last Wednesday

Short GPIC 14.28 talk about reversal of fortune

Recap:
XFML reached high 7.70 but ended -0.1%, maybe be bottom here , keep an eye on it

PCSV +11% gap up open not playable

Chasing momo:
CGPI in 11.41 out 11.54 popped on no news so the move was sold back down

SPC in 8.48 holding as it appears to breakout on the daily

ARAY in 24.99 out 24.58 entered near the high, tried to exit with a limit order 24.65 but didn't fill

JDO in 1.86 out 1.79 didn't get filled on limit 1.83 exit, it reversed and ended 1.95

One win and two losses did not make for a very good day.

ESRG dropped from 2.42 to 2.17 in a matter of minutes, reversed and ended 2.35, looks like another rinse job, will be looking to sell off a partial soon to lock in some profit.

Plays for May 23

Two longs on tap.

XFML 7.10 looks pretty sick

PCSV 1.52 otcbb pumped couple months ago, may be in dump phase

Chasing momo:
SPSN in 11.89 out 11.65 bought 3 minutes after the open is the wrong thing to do, should wait 15 minutes.

DNDN in 7.16 out 7.13 it did not pan out

ITW in 52.40 out 54.28 a tad slow entering, trailing stop worked good

CRNT in 8.68 out 8.56 didn't work

PEIX in 14.47 out 14.40 bailed pretty quick, I had to leave so didn't want to hold any longer, didn't really run afterwards.

One win and four losses is not a good day.

ESRG volume double yesterday, promo mailing must be working

Plays for May 22

No bounce plays for tomorrow.

Recap:
XFML never went green down another 13.7% , the bad new must be just awful

NPLA ended about even after going back and forth all day

Chasing momo:
LUNA in 5.49 out 5.71 entry was late, had to endure 15 minutes of gut wrenching hold and hope before it reversed and went on to new high of 5.91, 2% trailing would've been 5.79 but I was not quick enough and left 0.08 on the table. Overall not that happy with entry and exit was just so so.

DNDN 6.78 out 7.01 entry was almost perfect and exit on 2% trailing. Happy with execution.

DVR in 15.45 out 15.28 entry at the very high of day, bailed to cut lose when it didn't perform. This one was wrong from the getgo, there was no volume spike with the price pop, should not have played it, lucky to get go out with just a scratch.

NVDA in 35.82 out 35.64 there was no follow through after the pop on stock buyback news. Exit was executed properly when play did not materialize.

DRCO in 13.70 out 14.44 very good entry and 2% trailing stop was better than expected. Very happy with execution.

Three wins and two small losses resulted a pretty good day. I scaled back on position size, stayed away from distractions, slowed down and recheck order enteries, stayed pretty calm on the whole except for a few moments of stay and pray with LUNA. I will exorcise the demons and get my mojo back.

Plays for May 21

One long and one short.

Long XFML 9.94

Short NPLA 1.32

My ESRG guy told me earlier in the week that the promo mailing will be out this weekend and when I got home last night I was floored to find in the mail a one page promo piece. Don't really know if this one page will generate the same response as the mini-magazine type promo piece that TUBR got. Russell related to me that after he got the TUBR piece he actually was compelled to go to their website to check things out, that's how good the piece was at generating interest. Why they didn't spend a little more on a more compelling promo piece is beyond me. Heck, even I could'a put together a more killer one. I really shouldn't pass judgement so quick until the dust settles next week. My plan is to ring the register if and when it reaches 3.

OMR should run some more, will be on the CBS Morning show followed the Today show.

Plays for May 18

One long and one short on tap.

Long TEXG 1.95 otcbb huge runup couple a weeks ago from 0.40 to over 4 bucks, no news out to account for the recent selloff so it's just profit taking

Short CVTX 11.28 hard to tell which way it's going to go

Recap:
NTRZ openned gap up and went down from there, finished about even

RPTN was playable, got as high as 1.40 finish +2.7%

Chasing momo:
YHOO got stopped out from yesterday -0.40

ONT in 3.88 out 3.78

CVTX in 11.23 out 11.32

NVTL in 21.15 out 21.01 got in way too late after gap up open

LXK in 56.78 out out 55.43 got in too late

TTGT in 15.14 out 15.16 new ipo, good thing I was able to set stop trigger at even

DUSA in 4.76 out out 4.37 and 4.46 got in late and started to tank immediately, should've bailed with a stop but didn't, down to 4.20 and came all the way back to a high of 5, I was selling on the way back up, feeling was may not get another chance to sell, that it would tank again.

CAAS in 8.40 and set a sell trigger to lock in profits at 8.71 but inadvertently set a buy trigger and ended up with another position as it continued to slide. An hour went by before I realized what had happened and sold at 8.34. What a mess that was, turned a profit into a double loss. I've never had some many order entry errors as these last two days, something is seriously wrong.

OMNI in 10.39 out 10.43 moved stop up and got shooked out

ANPI in 7 out 7 spiked but didn't run , got out even

ESRG bought a small position 2.02 after the rinse out early in the day.

Today was another disaster. I better stop chasing momo for a while and get this evil thing or whatever it is out of my body that is making all these order entry errors. Good thing I got a big job tomorow to keep me away from the slotmarket for most of the day.

Plays for May 17

Two longs for tomorrow.

NTRZ 3.72 otcbb

RPTN 1.19 otcbb

Recap:
TNH open gapped up and never got filled finish +6.2%

WHT never green and tanked some more

Chasing momo:
BCSI in 40.18 out 39.57 got in at the top, cut loss pretty quick

TBSI would you believe I put in one too many zeros, bought 5000 instead of 500, filled 24 market orders from 21.18 to 21.49 and it started to tank immediately, by the time I figured out what my error was, I was in a deep hole, almost got a margin call. I started selling 1000 share lots starting 20.36 up to 21.04 just so I could get it out of my system. If I would've just held to the end I'd been ok but the slotmarket gods would not let me have it any other way. This will set me back a couple of weeks. Hopefully not much more.

DNDN in 6.099 out 5.79 bought 150 instead of 1500 , what the heck was wrong with my fingers today, the mistake on this one saved me a ton of money.

ONT in 3.26 out 3.43 can't believe I did something right for a change.

YHOO in 29.35 volume came in near the close, holding overnight for a bounce play , will set stop trigger 29.08 just in case.

Plays for May 16

Two longs for tomorrow.

TNH 77.90 20% haircut last two days on profit taking after huge run

WHT 2.56 down 20% last six sessions no news

Entered trigger to buy TNH at 78.05 stop 76.95

Today's recap:
MAMA got stopped out for a lost of 2.4%

VGZ +5.8% second guessing the filter doesn't pay, The Filter Knows.

I really should have more confidence and play all that the filter kicks out.

Chasing momo:
PRST out 7.80 leftover from yesterday

ONT in 3.15 out 3.05 ouch, tighter stop would've been smart

AVNR in 2.70 out 2.93 nice trade, in a little late, exit not bad, can't remember if it was loki's call or not have to review log, may of been my call

MODG in 2.13 out 2.27 merger that started trading today at 1.50 saw it earlier but didn't know what is was that's why got in little late but exit was big blunder, high at 2.50 prior to exit, a 3% stop would've got me out at 2.43, left at least 0.16 on the table, it eventually came back to finish at 2.63. Not happy with how I messed up on this trade.

MNST in 47.19 out 47.21 spiked on same old takeover rumor, started to tank so decided to get out breakeven.

CHAP stopped out 73.02 finished at 71.20 down 4% so the stop was a smart move. Bought it 70.99 on 4/30 for a gain of 2.03

Plays for May 14

Two longs for tomorrow.

MAMA 4.50 hit by earnings

VGZ 6.52 merge with another company, reorganization resulting in mispricing, not good

Trigger to buy MAMA 4.53 stop 4.42

Recap:
CRYP opened gapped up, trade didn't execute, up 4.1%

GLBC -3.2% good thing I didn't do this trade, opened green for 40 minutes and went downhill from there.

Chasing momo:
GERN in 8.16 stopped out 8.20 good entry but stop too tight was a mistake, reached high 8.78

PIR in 7.73 out 7.74 didn't run

CAAS in 8.02 out 7.44 Ouch, bad trade all the way around, failed to put in stop was the major blunder.

PRST in 6.50 out 6.69 didn't sell one third by accident, luckily it closed 6.82, got in 4-5 minutes too late, exit wasn't too bad. Entered trigger sell 6.79

CLZR IN 11.70 out 11.50 was moving up too fast for a good entry

Today would've been a push if it wasn't for the CAAS disaster, not happy with my performance at all.

Plays for May 14

Two longs for Monday.

CRYP 23.28 hit by earnings

GLBC 22.94 hit by earnings and downgrade

Entered trigger to buy CRYP at 23.32 stop 22.74

Friday recap:
DNDN +10.3%

CCRT +1.2% I got 0.36

SOMX +5.4% I got 0.75 got lucky again as it zoomed the last 15 minutes.

CRIS +2.1%

I didn't play all four because I didn't like the chances of DNDN and CRIS, well just goes to show you, it works better than you think, don't try to second guess the filter just do it. With my stops in place I'm not going to get killed if one doesn't work but not playing when I should, I'm paying opportunity cost, missing out on some big winners as my lousy luck would have it. Yep, it's me getting in the way of my success again. If I can automate the entire process I'd be way ahead.

Chasing momo:
NABI in 5.51 out 5.34 bought at the top of the initial spike and there was no follow through, might be a good idea to bail if no continuation after 30 minutes don't wait til it hits 3% stop, just bail right away. Even if I waited to get out an hour later at 5.45 that would only have been a 0.46 hit.

BIOD in 17.57 stopped out 17.61 got in late and it didn't go anywhere after.

ONXX in 30.23 out 30.31 late to the party again.

The NABI hit wiped out half my day's profits, not good.

Overall a profitable week in spite of my blunders.

Plays for May 11

Five longs for tomorrow.

DNDN 5.54 FDA wants more info

CCRT 33.22 hit by earnings

SOMX 14.39 it's new drug application delayed

CRIS 1.42 been going down for a while

CFUL 2.81 otcbb again, from today

Entered trigger to buy CCRT at 33.26 stop 32.60

Entered trigger to buy SOMX at 14.41 stop 14.12

Today's recap:
BRNC was up for over 2 hours before the market down draft took it down along with everything else, lost 0.03

SIGA stopped out for a loss of 0.07

CTSH acted very strong, green from the start and finished +0.5%, moved stop up to slightly above break even and covered commish. May run under better market conditions so keep it on watchlist.

Lesson learned is when the whole market is tanking big and you have a winning position, best to tighten stop to breakeven or better instead of a 2-3% stop loss because the sinking tide will take down all boats.

Chasing momo:
VII in 9.60 out 10.43 caught the earnings release spike, perfect execution both entry and exit.

MAMA in 5.45 out 5.45 was underwater until the last hour and broke even, got lucky again because earnings released afterhour and it tanked.

TEXG in 3.13 out 3.26 from loki's headsup, awfull execution, all set to enter on a cross of 3 but didn't get in til 3.13

Plays for May 10

Three longs for tomorrow.

BRNC 15.75 missed earnings

SIGA 3.99 conference call must of sounded bad

CFUL 3.12 otcbb

Entered Trade trigger to buy BRNC at 15.80 , stop trigger at 15.49

Entered Trade trigger to buy SIGA at 4.01 , stop trigger at 3.94

Watclist:
CTSH 79.70 deeply oversold, RSI(2)<1, down 8 days, printed a doji star pattern today, enter when green

Today's recap:
IDMI plunged after FDA rejection

ENTG never fired green

DIO +2.5% not playable

NNPP +4.5%

Chasing Momo:
FFIV in 49.01 stopped out for a nickle loss

Plays for May 9

Four longs for tomorrow.

IDMI 4.00

ENTG 10.37

DIO 1.18

NNPP 1.57 otcbb


Recap:
ADBL +2.6% , trade entered 9.04 exit 9.24 , made enough to cover the Tahoe trip.

EEE -0.7% no share available to short.

Plays for May 8

One long and one short on tap.

Long ADBL 9.01 sold off on earnings which didn't look that bad imho.

Short EEE 7.70 could find no news to account for the recent run up.

Entered Trade trigger to buy ADBL if and when it trades at or above 9.04 , stop trigger at 8.79

Entered Trigger to sell short EEE when it trades at or below 7.65, stop trigger to cover at 7.88



Today's recap:
CLRT +3%

Here's the stockfetcher.com code that I'm using for the bounce plays, originally created by stockmonster. At the core is the two consecutive days of big drop in price which sets up for a bounce. The validity of this pattern had been well documented by such respected sites as http://tradingmarkets.com/

The reverse for going short works equally well, just flip the appropriate lines of code around the other direction.

Two year back test periods going back five years produced 63% win percentage, 689% ROI, using no stops , one day holding period, buy at open and sell at close. Some may argue what may have worked great in the past doesn't mean it's going to contine to work in the future. There is no guarantee that anything is going to work tomorrow as well as it did yesterday. We can only answer definitively the question of whether it worked today and I'm documenting that on this blog.

Here's the goods:

show stocks where count(RSI(2) 2 day ago above 90,60) is above 0
and RSI(2) is below 20
and average volume(10) above 250000
and close one day ago more than 8% below close 2 day ago
and close more than 4% below close 1 day ago
and close above 0.99
and 60 day slope of close is above 0
and market is not otcbb

Plays for May 7

One long and it's
CLRT 1.95 got hit by bad earnings.

Recap:

KDKD +13.7% whipsawed in the first half hours and would have got stopped out had I played this one, but went green the last hour.

NNRF +18.2% went green at 1 pm and never looked back.

ITLI -5.7% never saw green.

2 out of 3 for the bounce filter today.

MNST stopped out 47.14

MDII +10.6% on news release near end of the day and it just ramped. I'm going to put in a Trade trigger stop to protect profits since I'll be in Tahoe Monday and Tuesday.
I should do the same for all my current holdings.

Momo action:
Went for EVCC 2.14 again, computer froze right after entering and had to reboot which took a looooong time. By the time I go back on the thing had plunged but it slowly worked back up to the point where I was only down 200 at which point I should've put in a stop but didn't, f(rozed) up again, and it tanked from there and finished at 1.84. In hold and hope mode but better put in a stop to limit further damage.

Plays for May 4

Four bounce plays on tap for tomorrow, all otcbb so Trade trigger are not available.

KDKN 2.77

NNRF 4.99

ITLI 1.59

RRPH 2.14

Today's recap:
ACUS +1.1% took the trade and covered commish was all I could muster.

ROCM +6.2% why didn' t I take this one is beyond me, looks just like yesterday's SYNL.

CPNLQ +7.7% got in 2.74 and out 3.12 too bad I had to leave to go do some rugsucking so had to cut it loose, actually got as high as 3.32 , left at least a dime on the table but can't complain too loudly.

RPTN -1.8% actually got as high as 1.72 before going red the last hour, didn't take it.

CYRX +3.2% whippsawed 4 - 5 times , good thing I didn't take it, would've been stopped out.

ACEN +14.7% gapped up open so wouldn't of been able to enter according to plan anyway.

That's 4 out of 5 winners for the bounce filter.

Today's Momo:
TYTS in 4.87 out 4.53 ouch. Couldn't cut it loose when it started tanking, I felt like a deer in the headlights. If I keep this up I'm dead meat. Ok, plan is to put in 3% stop using Trade trigger immediately after entering. I really need to get it in my numbskull that losing 3% is better than 10%. Repeat like a mantra, losing 3 is better than 10, over and over until it gets imbebded.

MNST jump 8.8% thanks to Cramer pumping the buyout story on TV, it'll prolly sell off tomorrow so I've entered a Trader trigger to sell if at or below 47.79

SPC popped 9.6% no news that I could find , I'm up 28%, too bad it's only a half position.

MDII up 6% put me in the green 2% from down 20% another back from the grave. Daily chart looks really good, strong uptrend, will ride it til stop out.

CHAP up 3.5% today getting me in the green.

CYPB I'm down 5% , resistance at 9.20, should prolly take the hit and move on if it goes down tomorrow.

Plays for May 3

Six bounce plays on tap for tomorrow.

ACUS 2.70 bad results from a Phase 3 clinical trial.

ROCM 17.09 earnings turn profit, looks like sell on the news.

CPNLQ 2.86 otcbb profit taking after big run up.

RPTN 1.66 otcbb

CYRX 1.88 otcbb

ACEN 1.09 otcbb

Today's action:
SYNL +4.9% my trade was good for +1.76

BIF +4.8%

WFR +5.9% bounce play from yesterday, pays to follow these a few more days as some will fire.

Momo action:
EVCC in 2.05 out 2.18 was a continuation of yesterday's huge move, called out by Muddy.

TSYS in 4.25 out 4.60 net +0.35 nice one.

ANPI in 6.10 out 6.37 net +0.27.

TTMI in 12.04 out 12.03 got out near breakeven.

NHWK in 21.45 out 19.83 net -1.62 ouchy, it was a fake out move and I made every mistake possible, go in late, didn't put in a stop, must of been brain dead. Why can't I put those stops in on every trade? Maybe I need to go see a shrink or something.

Sold NXXI from Monday 2.03 lucky to have made some pocket change.

Did pretty good for the first full day of momo chasing with the exception of the one blunder. Need to be a little quicker on the trigger, hesitation need to be eliminated, and put in stops immediately or else I'm going to get hosed again.

Plays for May 2

Two longs for tomorrow.

BIF 11.70 a closed ended fund, down on some kind of offering that I don't fully understand.

SYNL 35.65 down 16% last 3 days no news, profit taking most likely, good chance for bounce, strong fundamentals being a top IBD stock, in strong uptrend.

Trigger set to buy SYNL if and when it trades at or above 35.70. Stop Trigger at 34.49

Today:
WFR did not trigger a bounce.

Bought CYPB 9.64 from Market Monitor, got as high as 10.23, closed at 9.18. I need to set stops on these. Got in way too late. At breakout level on daily.

Plays for May 1

One long for tomorrow.

WFR 54.88 at support level of mid-March

Today's plays: AFFX did not fire, NNRF +15%


After observing the Ameritrade Motion Detector last week, I tried my hand today at three momo plays from Detector.
Bought NXXI 2.01 got as high as 2.10 and ended at 1.96 so I'm down some. It was a breakout on the daily so I'm hoping it'll continue higher.
Bought GROW 26.95 and got stopped out at 28.04 for +1.09 that's the way it's suppose to work.
Bought CHAP 70.99 , got as high as 73.22, close at 70.55. Down a little.

Plays for April 30

One long and one short for Monday.

Long AFFX 26.70 sold off from missing earnings , probably won't bounce but you never know

NNRF 5.25 otcbb may be a case of pump and dump, so dumping may continue
correction this was actually a long play not short as originally posted.


Recap of Friday:
DSTI +9.9%
INSW -1.3%
MDII +13.6%
TFSM -3.1% (short)

That's 3 for 4 . Would of been great if I had played them but I was so disgusted with myself for forgetting to put in a stop on MDII resulting in a drawdown of $1900, I stayed on the sidelines while trying to get my head straighten out. If MDII continues Monday, I'll be out of the woods.

Plays for April 27

Three longs and one short.

Long AVNR 3.24

DSTI 4.23

INSW 6.70


Short TFSM 10.52

Plays for April 26

Three longs on tap.

AVNR 3.49

MDII 1.88 again

UCTT 15.18

Plays for April 25

Three longs on tap.

PCSV 2.20 otcbb

MDII 2.01

EPCT 3.05

Trigger entered to buy 4000 MDII when it trades at or above 2.03

Trigger entered to buy 2500 EPCT when it trades at or above 3.04

Today IVAN +1.8% it could still run so keep it on watchlist

Plays for April 24

One long on tap.

Long IVAN 2.22

Plays for April 23

Two long and one short for Monday.

Long AVCI 9.06 the news was awful and I doubt it'll bounce but that's what the filter kicked out

Long SOEN 1.45 otcbb

Short PFSW 1.05

Watchlist:
BTJ 35.59 just completed a reversal pattern


Friday's recap: OSCI gapped up to open at 6.07 negating any trading opportunity, finish +4.3%
AVNR +12.8% , AVCI red all day , SMSI continued down -1%

Plays for April 20

One bounce play for tomorrow.

OSCI 5.85 plunged on news of increasing the amount of it's senior note offering which I haven't a clue how it relates to it's shares, but obviously a big negative impact. Prior to that news the stock was going straight up the past month. Best to wait for green.

Watchlist:
AVNR 3.90

AVCI 9.65

SMSI 16.36 these may or may not bounce , wait for green

Today's recap: the first two never showed green and continued down, the otcbb one EXEG went up 7%

Plays for April 19

Three longs on tap.

EGR 2.38

PGLA 6.16

EXEG 4.20 it's otcbb

Plays for April 16

No bounce plays for tomorrow.

Watchlist:
AMGN may have seen the lows and is starting to reverse

Plays for April 13

One of each for tomorrow.

Long BLTI 7.56

Short CBRX 1.80

Today, ACEL had a big reversal to the upside midday and I got caught without a stop, I was so sure it was going to stay down I didn't put in a stop and took a big hit. Ameritrade won't allow a Trade trigger buy to cover, which is what I was going to use as a stop order, and at the same time have a market on close order. Lesson learned here is, it's better to have a stop order to limit losses and dispense with the market on close. Without the market on close order, I can always sell at the open next day. These lessons are getting expensive. Hope I don't take any more of them.

MNST shot up around midday and ended up over 5% , putting me in the green finally. Still the stupidest trade I made this year.

Still in ACEL and it's down over 5% at the moment. Yesterday I had entered a market on close order about 10 minutes before the close but the order did not activate because market on close orders must be entered at least 20 minutes prior to close. If it had activated, I would have lost money on it yesterday, maybe my stinking luck is changing. I've got a market on close order for today, since I have to leave soon and may not be back before the close.

UXG gapped down at the open passed my trigger. Since it doesn't look like it's moving much I'm going to cancel the order.

Plays for April 12

One short play on tap.

UXG 5.88

Trigger to sell short 1200 when is trades at or below 5.84

Smokin start

The reverse bounce screen is off to a smokin start. But I was only able to get in ACEL @ 2.14. TGEN shares are not available to short and MEMY and THLD was moving so fast my limit orders didn't get filled, illustrating some of the problems with playing the short side. Some players don't even bother shorting because executing the trade can be impossible at times.
Here's the list of problems that I've encounter trying to short:
1. There are no shares available for shorting, that's the biggie.
2. The uptick rule
3. Can not short otcbb stocks because they're not maringable.

Plays for April 11

Four short on tap for tomorrow.

MEMY 2.76

TGEN 4.74

THLD 1.95

ACEL 2.14

Plays for April 10

There actually was a short play for today but I was too tired yesterday to post it, tired from a 6 hour job that had a lot of waterclaw work.

Short PCYC 3.68 and it's down over 7% at the moment.

Plays for April 9

Two shorts on tap for tomorrow.

Short ENCY 3.76 after going up over 33% the last 4 trading days, it's showing a Bearish spinning top pattern, buying may be losing steam and correction is likely

Short BTH 25.74 up 20% just in the last two trading sessions, near last Nov. 20 pivot area around 26

Entered Trigger to sell short 2000 ENCY when it trades at or below 3.69
Entered Trigger to sell short 300 BTH when it trades at or below 25.60


Here I am, playing a system based on a large drop two consecutive days , and I go and buy MNST the first day , what the hell was I thinking?

No bounce plays for tomorrow.

In today's action GROW did an about face plant and ended down 5.9% after reaching a high of 34.95, very strange reversal.

Watchlist:
CTV break out level is 44

CPNLQ breakout level 2.20

SNDK has formed a small triangle here

Just bought MNST at 42.20 , company lowered revenue guidance for this qtr by 1% and stock drops over 13%, big over reaction.

I wanted to catch the bounce on JKX but it openned gapped up at 29.10 and didn't want to chase it.

Wanted to short BAMM after the big move yesterday but decided against it because it's a low volume stock.

Plays for Apr. 4

One long and one short play on tap.

Long NPLA 1.10 low volume type

Short GROW 31.87


Today's two short plays had no shares available.

Plays for Apr. 3

Two shorts on tap.

AVII 2.93

AGEN 2.42

I've entered Trigger to sell short 2000 AVII when it trades at 2.89 or lower.
Trigger to sell short 3000 AGEN when it trades at 2.40 or lower.

Plays for Apr. 2

Three longs for Monday, all otcbb.

BVSN 2.69

RPTN 1.28

CSUH 1.23

Plays for Mar. 30

Four plays for tomorrow.

Long:
TAG 1.31 it's gone down six straight days, doesn't really fit the description but that's what the filter kicked out, I'm not expecting it to bounce.

BVSN 2.95 it's otcbb

ZROS 1.03 otcbb

YTBL 3.90 otcbb, down nine straight days, not the usual two day plunge

Short:
DVSA 7.84

I've entered a Trigger to sell short 1000 DVSA when it is at or below 7.79 with a LIMIT order.
Stop entered with a trigger to buy to cover at or above 7.95 (2%).

Watchlist:
TRID 19.98 has bounced off this area three times this year, once a month. If it breaks support here, could go to 18.

Today's short play SOIGF went down over 14%, too bad Ameritrade wouldn't allow shorts on otcbb stocks.

Yesterday's disaster all started with using market orders for entries. The open prices were far from my Trigger price and consequently got in at some very disadvantageous prices. On March 14 I had promised to use limit orders but I didn't. Guess I needed another expensive lesson. One should never want to get into a trade so badly that you'll accept any price. There's always tomorrow. The slotmarket will always serve up another play and it may be a better one than the one you missed getting in on using limit order.
The real big disaster was when the stop order for the ROHI long didn't get executed because the market was moving so fast at that moment, the price was at 1.97 which was below my activation price of 1.98 and Ameritrade requires that the stop price must be below the current bid for sell stop orders. By then my short on ROHI had triggered and consequently I had a long and a short on the same stock going on simultaneously. That was the weirdest thing to see on the Ameritrade Streamer.

Hate to repeat myself but hammering is required. No more market orders on entry at the open using Trade trigger.

Plays for Mar. 29

One play for today.

Short SOIGF 2.29 this is an otcbb


Yesterday was a disaster.

Entered Trigger to buy 300 RATE when it is at 33.01 or higher, trigger stop at 32.67
Entered trigger to sell short 300 RATE when it is at 32.89 or lower, trigger stop at 33.22

Entered trigger to sell short 5000 ROHI when it is at 1.98 or lower, stop trigger at 2.01
Entered trigger to buy 5000 ROHI when it is at2.03 or higher, stop trigger at 1.98

Entered trigger to sell short 2500 MECA when it is at 3.75 or lower, stop 3.79

Entered trigger to sell stop SPC at 6.00

DNDN had no shares available for selling short

Plays for Mar. 28

Two longs and two shorts for tomorrow.

Long RATE 32.94 dropped 15% the last 3 days, fundamentally I thinks it's going down some more, but the screen says it's due for a quick bounce.

Long ABAT 1.40 this is otcbb, may want to skip it since we got 3 other plays on tap.

Short ROHI 2.00 up 42% last 3 days, no news that I could find, due for a reversal

Short MECA 3.78 up 17% last 3 days, no news, due for a correction


Covered JDO at 2.05 which turned out to be a little early, but as the Quickhit artist reminded me when you have a grand in profit in one day, ringing the register should be the automatic action, he also reminded me to just think how many dirty rugs I have to clean to make a grand drilled home the point.

SPC trade is still open, will enter stop to not lose any.

Plays for Mar. 27

No official bounce plays but DNDN did qualify an hour before the close.

Short DNDN 4.54, after the opening 15 minutes it was all selling down to the close, the sell off is likely to continue.

Entered Trigger to sell short 2000 DNDN when it is at 4.49 or lower.
Stop Trigger to buy to cover when it trades at or above 4.57.


Todays action: JDO short at 2.31 and SPC long at 5.90
Stop entered now to cover JDO if it trades at or above 2.14
Stop entered now to sell SPC if it trades at or below 6.09

Fish on! Yea, it feels just like fishing when I logged on and find all three trades are on.
BRCM started to head south so I bailed at 32.10, in at 32.39.

Plays for Mar. 26

Only one on tap and it's a shorty.

Short JDO 2.39 it shot up 50% and I couldn't find any news responsible for it.

Watchlist:
SPC had a huge reversal Friday off the low of the day, printed a bullish long legged doji
BRCM double bottom AND blow off bottom, last two candles formed a bullish harami pattern


I've entered a Trade Trigger to sell short 4000 JDO when it trade at or below 2.35
Stop loss implemented with a Trigger to buy to cover when it trades at or above 2.40
Entered Trade Trigger to buy 4000 JDO when it trades at or above 2.41
Stop with Trigger to sell when it trades at or below 2.37

Entered a Trigger to buy 1000 SPC when it trades at or above 5.55
Stop with a Trigger to sell when it trades at or below 5.45

Entered a Trigger to buy 200 BRCM when it trades at or above 32.36
Stop with a Trigger to sell when it trades at or below 31.99


Friday's short on BQI never materialize since it gapped up at open and ran straight up another 10%. That gave me an idea to use another Trade Trigger at the same time set to go long in case the trend is so strong that the reversal does not occur. That's what I'm doing with JDO.
I also used Trade Trigger to automatically implement stop loss orders on all of today's plays. I'm praying I entered everything correctly and that Ameritrade's software will handle it all correctly, especially the JDO trade.

Plays for Mar. 23

One short play for tomorrow.

Short BQI 3.63

I have entered a Trade Trigger to sell short 3000 BQI when it trades at or below 3.59, using limit order on half and market order the other half.
Hope I won't have the same problem as ACAD.

Watchlist:
CNH ascending triangle formation, buy on break over 41.10
COH ascending triangle formation, buy on break over 51
RYI rectangle formation, buy on break over 40.27

I just called both Ameritrade and TD Waterhouse and there are no shares of ACAD available for selling short. A big Darn it.

Plays for Mar. 21

One short play for tomorrow.

Short ACAD 14.55
Brean Murray analyst commented yesterday that the market overreacted to the news. The stage is set for a reversal.

I have entered Trade Trigger to sell short 700 ACAD when it trades at 14.49 or lower.

Plays for Mar. 16

No new plays for tomorrow except for BTEM which is a carryover from today.
Short BTEM 1.58

FSYS was stopped out for a nickel loss after getting filled at 18.33 limit.

Plays for Mar. 15

Two long and one short for tomorrow.

Long:

FSYS 18.30 has dropped over 16% last two days on no news

UPBS 1.24 otcbb

Short:

BTEM 1.38 otcbb


I have entered trade trigger to buy limit 330 FSYS when it is at or above 18.33

Trade trigger apparently is not available for otcbb stocks.


Today's trades:

At 10 minutes before the close I covered WAVX @ 2.50 for 9.5% and covered AMRN at 2.85 for 1.7%.
Even with the lousy fills, I must say I'm quite happy with the first trial run using trade trigger.
I will be putting on full positions once I get a few more trades under my belt.

CLAY from yesterday, bounced 3.7% today.

AMRN was filled at 2.55, WAVX filled 1300 @3.12 and 300 @ 3.20 all using market orders which looks like will give me very bad entries. I'll will use limit orders from now on.

On a happier note, both trades are going as planned. Hope I can get back in time to close out the trades at the close.

Plays for Mar. 14

Two shorts plays on tap.

WAVX 3.24

AMRN 2.62


Neither of today's play triggered.

I've entered trade trigger to sell short 1600 WAVX when it trades at or below 3.20
and to sell short 2000 AMRN when it trades at or below 2.59.

Plays for Mar. 13

One long and one short play.

Long CLAY 16.85

Short AMRN 2.49


Nearly all these trades need to be entered shortly after the market open to be successful.
Not being able to wake up in time for the market opening at 6:30 am has greatly hampered my trading and with the time change to one hour ahead makes it even worst.
I'm going to attempt to counter this problem by using Ameritrade's Trade Trigger. On a long play, the trigger is to activate when the price is above yesterdays close which should be easily accomodated by Trade Trigger.

I just now entered Trigger to buy 300 CLAY if it trades at or above 16.87 and to sell short 2000 AMRN when it trades at or below 2.47. I still need to get up as quick as possible to set stops or bail if the trade is reversing on me.

Feb. 27

I had a dream last night the NASDAQ was down 54 points. I woke up thinking naw, no way, can't be. Feeling a little spooky right now, it's off 52.

My CAM opened gapped down but has been climbing steadily and now off less than 2%.

I've been selling some of the winners lately and will keep a tight mental stop on ones like CAM.

It's very possible that the China slotmarket flu could spread worldwide and we could experience a big correction here too.

Plays for Feb. 23

No bounce plays but a few blow off bottom types worth watching.

CVX 70.67 formed a Morning Star pattern.

SBUX 33.01 formed a Bullish Engulfing pattern

MCO 68.79 down day on big volume, looking for a bounce.

MO 84.84 at prior support area, may reverse here.


Today's results: AMGN didn't trigger due to gap down open, NE up 2.26%

Plays for Feb. 22

No bounce plays for tomorrow but there are a couple for the watchlist.

NE 70.43 could be rising off support level here, printed a bullish engulfing candle.

AMGN 67.41 printed a bullish engulfing candle today after heavy volume selloff last Friday.

Plays for Feb. 22

One long and two shorts on tap.

Long: CAPA 6.29

Short: INSM 1.53, PCR 38.55

Plays for Feb. 15

One long and one short play for tomorrow:

LQDT 18.64 is the bounce play.

PRW 1.26 is a short.


Watch list: MNTA, KNOT, PQ


Today's short play ONXX was down 4.7%

Plays for Feb. 14

Only one play and it's a short

ONXX 26.02

Plays for Feb. 13

One bounce play and it is

MNTA 14.97

Plays for Feb. 8

One bounce play for tommorrow.

EVCC 3.44 it's OTCBB


3 for 3 today. NNI +5% , RNCH +6.7%, ZVUE -2.7%


Watch list: ARIA 4.84 is a blow off bottom play, extremely oversold, ready to bounce.

Plays for Feb. 7

Two longs and a short for tomorrow.

Longs:

NNI 23.38

RNCH 1.78


Short:

ZVUE 4.14

Plays for Feb. 6

One bounce play and it is

RNCH 1.90 on OTCBB

Plays for Feb. 1

Two short plays for Thursday.

SUF 4.47

NPWS 1.38 this one is OTCBB

Plays for Jan. 31

One bounce play

RGBL 1.25 it's OTCBB

Plays for Jan. 30

One short play and it is

ABAX 21.80

Plays for Jan. 29

Two longs:

WSTL 2.37

RNCH 2.45 this one is OTCBB so be careful


Three short:

OFI 4.85

UFI 2.46

ARDM 1.18 it's OTCBB

Plays for Jan. 26

Three bounce plays for Friday.

NMGC 4.21

USBE 11.80

CBLI 6.10

Plays for Jan. 24

Two longs and two short plays.

Longs: AXR 101.94 and ETLY 1.10

Shorts: XNL 3.07 and DOIG 1.24

Jan. 23

No bounce plays for Tues.

STEC was the play for Monday and it ended up 0.38%.

Plays for Jan. 19

Two bounce plays for tomorrow.

GROW 45.75

CPNLQ 1.33


Watch list: CVDT 3.33

For Jan. 12

There are no plays for tomorrow.

Two longs on Watchlist: HL, CAMH


Today's results:

CELL -1.1%

ONT +5.4% went green after 2pm

ESCL -0.5%

ZICA +5.9%, got as high as +14.7%


Shorts:

INSM -4%, got as low as -11.9%

FMDAD -8.1%, got as low as -14.7%

Got up late this morning, been packing getting ready for the move Saturday. Dang it, look what's working out...ZICA up 12%. On the short side, INSM -2.3%, FMDAD -10.5%.

Looks like KRY needed one more day to bounce, up over 9% now.

Plays for Jan. 11

Four longs and two shorts on tap.

Long plays-to bounce

CELL 10.83

ONT 1.12

ESCL 4.03

ZICA 1.70


Short plays-to plunge

INSM 1.26

FMDAD 3.34

Plays for Jan. 10

There's three longs for tomorrow.

KRY 3.13 is down to the LReg line.

LYTS 15.80 is very oversold with RSI(2) at 1.33.

XNN 1.95

Watch list: CPST, GMET, BWTR


Today's play LNX was up 2.52%

Plays for Jan. 8

NRMX 16.50 is the only bounce play for Monday. It is in extreme oversold condition with RSI (2) at 0.34 and touching the LRegr line. Very strong support a dollar away at the 200 dma.

From last Friday, HAWK printed a hammer on 3.5 time avg. volume, should continue up.
ENCY reversed finally.

Plays for Jan. 5

There are 4 bounce plays for tomorrow.

CNQ 46.21

TTI 22.08 is extremely oversold with RSI (2) at 1.34

CNR 1.33

ALY 19.10

Watchlist: PEIX, HAWK both touching the Lower Reg. line and RSI(2)<1 indicating extreme oversold condition.


Neither of today's plays triggered, ENCY never did go green and VXGN never red.

Plays for Jan. 4

ENCY dropped another 5% today. It now sits on the lower Linear Regression line with RSI(2) at 1.44 indicating an extreme oversold condition ripe for a bounce. I want to see it hold green (stay above today's close) for at least 10 minutes before entering the trade.

VXGN is a speculative short play. Wait for it hold red before entering.

DIET is now sitting on the lower LReg line with RSI(2)<1 indicating an extreme oversold condition.

Watchlist for bounce - TGB, COLY

Plays for Jan. 3

ENCY 4.21 is the bounce play for Wed.

Watch list for LBB bounce NTN, EBOF, MOBE, RDYN, SATC

Wall Street should open the year with a bang since all the other world markets were up.