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.