Slotmarket plays by the slotmonkey

A step backward

2009-03-18T00:28:00.000-07:00

Ended up losing over $600 on 20 trades, about 10 trades too many. Also had some big stop losses like over $500 which is contrary to cutting losses quick strategy. I failed to realize the market was in uptrend mode and tried playing FAZ and SRS for reversals which is more difficult to accomplish than to trade with the trend via FAS. I did manage to nail FAS at the very end of the day for $584 but by then it was too little too late.

Back to the drawing board. Must cut losses quick and small. Trade with the trend. Don't over trade, wait for setups.

Helluva day

2009-03-16T13:07:00.000-07:00

Reality returned to the slotmarket today. After going up 4 straight days last week I was just waiting for that correction and boy did it ever correct. In just the last 2 hours the DIJA fell 176 pts or 2.38% from the high of the day pretty much straight down. I had ten trades, most of them were 800 FAZ and only lost on 4. I was able to keep the losses small: $60, 108, 56, 84. But had to endure one draw down of over 1K before FAZ turned around and the rest was history. Winners: $168, 1552, 372, 460, 1336 for a total of $3580 trading FAZ.

The real miracle was the recovery of my SRS debacle from last Wednesday. I had to suffer the pain of a nearly $4k draw down last week but I had faith that the bottom isn't in yet. I bought 400 more @ 70.40 and sold all 800 @ 72.24 for a profit of $1451. Total take on the day $5030 which is a new one day record.

These triple inverse ETFs are not meant for holding long term or even overnight. I just got damn lucky holding them but that was not by design but purely accidental.
I will not hold them overnight in the future as they could gap on the open by $10 or more either way up or down. It is just way too risky in the current environment.

Here's the screen shot of the last few trades:

The shit has hit the fan

2009-03-13T00:57:00.000-07:00

I pulled the sell order last night, planning on getting up before the open so I could manage the trade. Well, I didn't get up until half an hour after the open and by then SRS was in the tank already. I didn't want to sell and book a sucky loss so now I'm in the house of pain, big time. But I have full faith that it will turn out ok cuz the experts at http://www.isthisthebottom.com/ with their proven algorithm and time tested wave counts always has the precise answer to the question "Is the bottom in yet?"

Messed up

2009-03-11T13:23:00.000-07:00

Got back from the morning job in time to buy SRS 68.94 as it started ramping up. I went to put in a sell order but didn't notice it was still in buy mode and mistakenly bought another 200. So, now I got a sell order to execute at the open. I'm going to have to do a lot of praying tonight. Good sign was that the market close very weak, so I'm hoping the weakness will continue overnight.

Was it luck again

2009-03-08T08:58:00.000-07:00

Friday right before the open I noticed SRS was outperforming SKF so I decided to trade it instead of SKF. At 9:34 I bought 100 @ 98.83 and immediately suffered some pain as it reversed and got as low as 96.17. On the 3 minute chart I can see a Three Inside Up pattern forming and as it broke over the opening 30 minute high I bought another 100 @ 98.91. For the next 15 minutes it went straight up and I moved my trailing stop up the whole way and got stopped out at 106.24 at the time of 10:19:55 for a gain of 7.37. About the only mistake I made was not moving the trailing stop faster and tighter and maybe left a buck on the table but overall pretty happy with how I handled the trade.

Sure, I got lucky again, I mean how often does something go straight up 15 minutes without a single red candle. Then again, you do have to put on the trade, so it wasn't all luck.

Here's the 3 minute chart, click on image to enlarge

I will stop overtrading

2009-03-05T00:50:00.000-08:00

I've lost a chunk of change the last two days and I know why. I'm like a kid in a candy store with a pocket full of spending money or a recreational gambler with a bucket full of quarters in front of the slot machines in Vegas. I did 31 trades today on top of yesterday's 28. I'm friggin outa control. I need to slow everything down and I've got just the right medicine to cure my addiction.

I'm going to start trading 5 minute charts instead of 1 minute. That should only give me one or two setups a day per market. I'm going to blow out my account if I don't.
If I can't discipline myself to do this, I mine as well hand them the money at the door.

I feel like the luckiest idiot alive today

2009-02-27T23:28:00.000-08:00

Thursday I was trading FAZ most of the day and went long 400 @ 53.94 around 5 minutes before the close. I was looking to just squeeze a couple of hundred out of the trade and intended to sell my position before the close. At 15 seconds before the close I pushed the sell button to send the order in. Much to my horror the order never got executed. I think TDA's website was experiencing heavy traffic and my order just never got there in time before the close. So, there I was holding it overnight with no intentions of doing so. I was sweating it just a tad because you never can tell how the market will open with the Fed sticking their hand in things overnight.

This morning right before the open I could see that FAZ was going to open with a big gap up at around 64. That certainly put an early smile on my face which only lasted til the opening bell. The problem was that I also had SKF and SRS held from overnight.
Both of those were big losing positions but with the market opening with a big gap down, now were profitable trades. Once the market opened, all three immediately started falling and then were going up and down with huge swings. I couldn't decide what to do and to which one first like my brain was on system overload. The usual feelings of hope and greed were interfering with making the right decisions. As SKF was dropping I put in a stop at break even all the while hoping it would go back up so I could sell at a bigger profit but it never did and I was stopped out for no gain. This was after being up over $1300 at the open. Man did I feel like an idiot. Well, that was only the beginning of the idiot phase.

My SRS was in the green over $300 at the open after being in a gigantic hole the last couple of days. I was stuck holding it from a few days back when TDA had problems with one of their servers giving bad streaming quotes and locking up the real time charts. I couldn't place a stop order on it due to the quote problems. It was a profitable trade at one point but after I talked to TDA and found out about the bad server problem and how to circumvent the problem, SRS had dropped big and I didn't want to close the trade with a big loss. At one point today I was down over $3000 and man talk about feeling like an idiot. But the market tanked the last two hours and my SRS ended down only $956. I feel confident that this will eventfully be a profitable trade because CRE is going to get whacked this year. VNO just a few days ago reported a loss. With the economy worsening, this is just the beginning of more losses ahead. If this blue chip REIT is getting hit, the rest of the sector is sure to get whacked too.

Now the good news. I went to put in a sell order for FAZ but got an error message from TDA saying I don't have any shares in my posession. I was scratching my head wondering what they were talking about since I couldn't sell my position at the close yesterday, I was under the impression that I still own the shares. Upon checking the order status page I saw that my FAZ was sold 20 seconds after the open at $64 which was nearly the high of they day. Evidently my sell order was still in their system and was executed at the open. That $4000 profit was just a stroke of pure luck. This has got to be one of the craziest things that's ever happened to me playing in the slotmarket. Sure hope that is the sign that I'm going to have more good luck than bad this year.

Getting 6 Mbps for $17.50 from ATT

2009-02-18T21:16:00.000-08:00

I called ATT and said my internet is just too slow and I think I'm going to try Comcast. She then transferred me to the retention dept. and I told that rep I'm thinking of going with Comcast cuz they're cheaper. She said ATT don't want to lose me and then looked up her system and lo and hold said they have a promo where I can get the 6 Mbps service at 50% off for next six months for $17.50 and I said done deal. It's only 2.50 more than what I'm paying now for basic 750 kbps. Man, can't wait to stream Netflix movies at 6 Mbps.

You just have to call them and ask. If you don't try you'll never get the discount. Don't be afraid to do this. Many people have done it and got it. They have a whole department (retention) set up just waiting for you to call so that they can give you that great deal. So what are you waiting for, pick up the phone and start saving some money and surf the net at lightning speed. Don't forget to set a reminder to call them in 6 months to get off that deal. Hopefully by then they will have another deal.

Update:
Seems like they will just give you 50% off of your current rate at your current level of service. I went over to a friends house to do this for her because she was unable to pull it off maybe due to her language problem and the rep asked what are you paying currently. I told her $25 and was offered 50% off for 6 months, $12.50 a month.

Jan. 12, 2009

2009-01-12T00:32:00.000-08:00

The financials have broken below the bottom of the wedge which portends lower prices.
I'm looking to go long SKF.

Jan. 7, 2009

2009-01-07T22:53:00.000-08:00

Today was the first trading day for me due to having to work last two days. By the time I logged on at 8:30 the market was down 160 pts. A quick check showed SKF was performing significantly better than SRS. There was some bad economic news out and I sensed today had a very good chance of big selloff.

First trade at 1 pm (est) SKF 107.08, looked like the market might crack prior low but failed and bailed at 106.50 for a small loss of 0.58 on 100 sh. At that point the dow looks like had support 8820 as it held twice there. At 1:42 the dow was heading down toward the 8820 area with momentum and I bought 100 SKF 107.18, after the dow cracked 8820 I added 100 more 107.59 and the final 100 at 108.08 for an average price of 107.72. I continued to move my stop up and was stopped out 110.21 for +2.49 on 300 shares.

The dow staged a brief rally and when it finally fizzeled and reversed I bought 200 at 109.98 and was stopped out at 111.24 for +1.26.

It was a very fine start in every aspect. I waited for the right entry point and exists weren't too terrible but maybe could've been a little better. I did not over trade, making only 3 traded.

Although the SKF and SRS isn't a perfect mirror image of the market indices it's close enough so that using the movement of the dow or sp500 to time the entry works quite well.

Trading ETFs

2008-12-11T20:01:00.000-08:00

I had some success trading ETFs recently. Specifically the double inverse Proshares SRS but SKF and SMN may work just as well in the right situation. The first time was last Monday when the market started sliding right from the open and I bought SRS right away and sold at the close for a 27 point gain. The market had gone up five consecutive days prior on light holiday volume so I was highly expecting a market sell off.

Today the market chopped around all day until 2 pm when it went red and a half hour later the the sell off accelerated. The EOD (End of Day) Massacre was on, again.

This is how I traded SRS:

at 2:38 bought 40 @ 86.43 and when I saw the trend strengthening I added to the trade
20 @ 87.71
20 @ 88.28
20 @ 89.11
20 @ 89.91
20 @ 90.60
20 @ 91.68
20 @ 91.76
20 @ 92.21

for a total of 200 shares which I sold a few minutes later @ 91.74 as I wanted lock in the nice profits. Less than 10 minutes later SRS is making new highs and I bought 50 @ 93.36 as I was thinking there was 35 more minutes before the market closes, plenty of time for more action.
Again I added to the trade
20 @ 94.64
30 @ 95.04
20 @ 95.79
20 @ 96.78
20 @ 98.31

for a total of 160 shares which I sold @ 98.27

Profit on the two trades was 927 before commissions, not bad for a couple of hours work. Sure beats cleaning dirty carpets. What I did wrong was I added too many times in small increments resulting in commission cost of 112, YIKES! In the heat of battle I kinda lost track of how many times I added and as the trend got stronger I got braver as there was no big pull backs like there was earlier in the day. I never planned on trading 200 shares, mistake number one...no plan. Best to add one or maybe two large and be done with it.

Here's some points I've learned about day trading ETFs. Markets generally fall faster than they do going up that's why the double inverse ETFs will produce a bigger bang for you buck. In other words their ADR (average daily range) is very high. How does one decided which one to play? I answered that question today by looking at which of the three, SMN, SRS, SKF, was performing the best. Through out most of the day SRS was ahead of SKF by about 3% and SMN was behind SKF by a few %. So it was pretty easy to pick SRS today. SRS also has a larger ADR than SKF, followed by SMN. At the end of the day today, SRS had gained 24.6%. SKF 15.4 and SMN 7%. Until their ADR changes SRS will be the weapon of choice.

Oct. 31

2008-10-31T01:04:00.000-07:00

There are 101 stocks from the short filter so I'll just post the top 30 by largest %gain.

Symbol Last %Chg
FDML 6.08 51.62
ODP 3.12 48.57
OMX 7.07 46.07
IVN 2.96 43.69
LNG 2.68 34.67
NAK 3.45 25.45
WLL 51.4 25.37
MBT 38.79 22.99
LM 20.76 22.7
HTZ 7.01 22.55
CEDC 27.61 19.78
IOC 13.75 19.57
CYCL 3.24 19.56
GPOR 6.99 17.68
DENN 1.8 16.88
TRMA 8.52 16.87
NCMI 7.03 16.01
RSX 18.9 15.6
VIP 14.03 15.57
ZINC 3.51 15.08
TLM 10.24 14.8
TTES 21.79 14.68
FTK 5 14.42
GMXR 36.54 13.83
EBHI 3.3 13.79
CPX 12.23 13.77
EXXI 2 13.64
ARGN 4.03 12.89
ITU 11.5 12.86

Oct. 30

2008-10-29T21:00:00.000-07:00

48 shorts for tomorrow list in order by volume. A strong candidate is DIN a carryover from yesterday's filter.

Symbol Last
TGT 40.72
M 11.03
MON 87.93
PCU 13.35
EXPE 12
NIHD 21.6
RDS.B 56.93
FMC 42.1
BYD 5.63
FAST 39.12
SBAC 19.35
CMC 11.33
TV 17.5
BEAV 11.51
MNST 12.45
EGO 4.42
CBB 2.45
OMX 4.84
WMS 23.86
HTZ 5.72
WTSLA 2.79
EQT 32.6
SHLD 61.39
OSK 7.39
LPX 4.17
ASCA 8.17
GBN 1.15
BEBE 7.91
CHH 27.72
SYT 34.77
DBRN 9.47
ABG 3
RTP 175.81
PAL 1.53
CT 6.94
HSNI 7.96
WINN 13.92
SPAR 4.58
B 13.97
BWS 9.15
HIBB 16.64
TGI 44.86
FRPT 2.46
NAK 2.75
CBD 28.67
MTN 31.4
KALU 29.5
WBMD 28.01

Oct. 29

2008-10-28T21:10:00.000-07:00

I don't know if I should laugh or cry.

Laugh cuz it's side splitting funny.

Cry cuz if that's the best we can come up with to potentially lead our country we are in deep doodoo.

Oct. 22

2008-10-22T06:01:00.000-07:00

8 shorts from the filter:

HK
RRI
LINE
EXXI
CLNE
LXRX
NAK
XIN

I'm short CAL 17.91 from yesterday. Appears to be near short term resistance 18.65 so I have a stop just above there.

Other short ideas:
TSFG
MXIM
RDN
RJET
SBLK
CIT
ERIC
FTBK
MBI

Oct. 16

2008-10-15T23:11:00.000-07:00

Short filter produce no plays since every thing got sold off hard today and hardly anything went up.

I shorted COH, CEDC and POT the day before and got stopped out on CEDC and POT with a 3% trailing stop before I left for work. Only shorted one, ES, before I left. When I got back at noon my two positions were making a hellva lot more money than I made cleaning a measley $95 job. Wish it was that easy everyday in the slotmarket. But today was no typical day, everything got sold off and hard like 10 to 20%. Easy as shooting fish in a barrel playing the short side.

I'm still holding COH and ES overnight with a trailing stop. At this moment futures are down significantly so it looks like wall street will get flushed again tomorrow.
Kind of hard to come up with any good short ideas since everything got slaughter already. AZO closed at 101.11 which is quite a ways from last Friday's low of 93.55 so there's at least 8 buck left to go.

Oct. 15

2008-10-14T23:36:00.000-07:00

There are 43 stocks from the short filter for tomorrow. Financials dominate the list probably due to the government injection of cash into the banks. Yesterdays list of 15 shorts resulted in 14 winners.
List of some of the highest volume ones.

C
NCC
BK
SLM
HIG
DAL
STT
DFS
SFI
UBS
NWA
AAI
KFN
SDA
ISRG
PGF
MWR
MPWR
WEL
PAA
TPP
JPS
AYR
PVR
TLK
EPB
WBD
OSK

Plays for March 24

2008-03-22T11:52:00.000-07:00

Shorts:

FRE
HALO
TLB
ARRY
SMBL

Out of hibernation

2008-03-20T00:20:00.000-07:00

YTD results for the Longs/Rocket is
There were 137 total stocks entered. Of those, 134 or 97.81% were complete and 3 or 2.19% were open.
Of the 134 completed trades, 60 trades or 44.78%resulted in a net gain.
Your average net change for completed trades was: -0.51%.
The average draw down of your approach was: -6.86%.
The average max profit of your approach was: 7.03%
The Reward/Risk ratio for this approach is: 0.89
Annualized Return on Investment (ROI): -125.49%

YTD results for the Shorts/Crash is
There were 144 total stocks entered. Of those, 143 or 99.31% were complete and 1 or 0.69% were open.
Of the 143 completed trades, 93 trades or 65.03%resulted in a net gain.
Your average net change for completed trades was: 1.51%.
The average draw down of your approach was: -4.85%.
The average max profit of your approach was: 6.28%
The Reward/Risk ratio for this approach is: 1.67
Annualized Return on Investment (ROI): 372.33%,

YTD to 3/18/2007

Notice the -125% ROI going Long in this down trending market and the +372% ROI going Short. Reminds me, somebody saying "Go with the flow" or was it "The trend is your friend", same thing. Bottom line, going long in the midst of a bear market, you're gonna get your balls handed to you. Going short will make some nice bank. For this particular filter anyways.
With that said here are the Shorts for tomorrow:
FNM
FRE
ISTA
ENOC

Results for the year 2007:
Long/Bounce
There were 367 total stocks entered. Of those, 366 or 99.73% were complete and 1 or 0.27% were open.
Of the 366 completed trades, 200 trades or 54.64%resulted in a net gain.
Your average net change for completed trades was: 1.82%.
The average draw down of your approach was: -4.64%.
The average max profit of your approach was: 5.35%
The Reward/Risk ratio for this approach is: 1.87
Annualized Return on Investment (ROI): 449.61%

Short/Crash
There were 310 total stocks entered. Of those, 310 or 100.00% were complete and or 0.00% were open.
Of the 310 completed trades, 199 trades or 64.19%resulted in a net gain.
Your average net change for completed trades was: 1.92%.
The average draw down of your approach was: -5.36%.
The average max profit of your approach was: 7.39%
The Reward/Risk ratio for this approach is: 1.76
Annualized Return on Investment (ROI): 474.49%

Plays for Nov. 6

2007-11-05T23:43:00.000-08:00

Five longs

Long:

OIS 35.57
COGT 11.99
TRMP 6.21
DFR 7.36
GLUU 5.84

Plays for Nov. 5

2007-11-05T00:53:00.000-08:00

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

2007-11-01T23:43:00.000-07:00

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

2007-10-31T23:45:00.000-07:00

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

2007-10-30T22:31:00.000-07:00

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

2007-10-27T20:52:00.000-07:00

Four longs on tap for Monday.

Long:
WCG 31.36
VDSI 25.01
TKR 32.35
STAR 23.32

Plays for Oct. 26

2007-10-25T23:21:00.000-07:00

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

2007-10-24T21:15:00.000-07:00

Two longs on tap.

Long:

CSUN 8.99

GIGA 2.72

Plays for Oct. 24

2007-10-23T22:00:00.000-07:00

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

2007-10-22T16:13:00.000-07:00

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

2007-10-21T22:27:00.000-07:00

Three longs on tap.

Long:

NFI 5.33
PBKS 25.45
KUN 8.62

Oct. 19

2007-10-18T15:21:00.000-07:00

The bounce filters came up empty for tomorrow.

Plays for Oct. 18

2007-10-17T21:22:00.000-07:00

One short play.

Short:

NXXI 1.03

Plays for Oct. 17

2007-10-16T22:24:00.000-07:00

One short play.

Short:

IMMU 3.24

Plays for Oct. 16

2007-10-15T16:45:00.000-07:00

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

2007-10-13T22:03:00.000-07:00

The filter produced no plays for Monday.

Watchlist:

GIGA 3.76

IFON 3.02

Plays for Oct. 12

2007-10-11T22:20:00.000-07:00

One long play.

Long:

SNTA 8.79

Watchlist:

CTEL 10.75

WPTE 3.25

Plays for Oct. 12

2007-10-10T23:00:00.000-07:00

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

2007-10-09T23:34:00.000-07:00

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

2007-10-08T21:41:00.000-07:00

One short on tap:

Short:

VG 2.57

Plays for Oct. 8

2007-10-05T16:43:00.000-07:00

Five shorts for Monday.

Short:

BHIP 5.19
ORS 5.36
NEOL 1.46
LEV 3.44
AUTH 12.84

Plays for Oct. 5

2007-10-04T21:47:00.000-07:00

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

2007-10-03T17:50:00.001-07:00

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

2007-10-02T17:14:00.000-07:00

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

2007-10-02T00:17:00.000-07:00

Four shorts on tap.

Short:

ENT 2.93
WCC 45.6
FRH.W 3.3
NGA 8.32

Plays for Oct. 1

2007-09-30T19:06:00.000-07:00

Three shorts for tomorrow.

Short:

ENT 2.71
JSDA 12.06
ACPW 2.21

Plays for Sept. 28

2007-09-27T22:34:00.000-07:00

Three shorts for tomorrow.

Short:

MDTL 12.34
NWD 1.29
NINE 4.68

Plays for Sept. 27

2007-09-26T22:43:00.000-07:00

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

2007-09-25T23:01:00.000-07:00

One long and one short on tap.

Long:

FBC 10.10

Short:

CSIQ 9.61

Plays for Sept. 24

2007-09-23T16:26:00.001-07:00

Three shorts on tap.

Short:

CPSL 5.28
EEE 5.21
ACPW 1.72

Plays for Sept. 21

2007-09-20T22:36:00.001-07:00

Three shorts on tap.

Short:

NEXC 7.76
XING 9.77
CLNE 15.95

Plays for Sept. 20

2007-09-19T20:58:00.000-07:00

Four shorts on tap.

Short:

RDN 25.01
UTSI 3.71
ANH 6.07
DRL 32.35

Plays for Sept. 19

2007-09-18T18:14:00.000-07:00

One long and one short play for tomorrow.

Long:

IRBT 17.49

Short:

UTSI 3.45

Sept. 18

2007-09-17T20:35:00.000-07:00

The filter produced no plays for tomorrow.

Plays for Sept. 17

2007-09-16T23:24:00.000-07:00

One short on tap.

Short:
MECA 2.78

Plays for Sept. 14

2007-09-13T19:04:00.000-07:00

One long on tap.

Long:

SCON 5.18

Plays for Sept. 13

2007-09-12T23:11:00.000-07:00

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

2007-09-11T22:19:00.000-07:00

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

2007-09-11T08:25:00.001-07:00

There are no plays from the filter today.

Plays for Sept. 10

2007-09-09T14:01:00.000-07:00

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

2007-09-06T22:09:00.000-07:00

One short for tomorrow.

Short:

CRDC 11.24

Plays for Sept.

2007-09-05T22:53:00.000-07:00

No bounce plays for tomorrow.

Watchlist:

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

Plays for Sept. 5

2007-09-04T22:03:00.000-07:00

Two shorts for tomorrow.

Short:

NFLD 2.65

LEND 9.69

Plays for Sept. 4

2007-09-02T08:20:00.000-07:00

Three shorts on tap.

Short:
AGIX 2.74
JADE 8.23
SOENE 1.16

Plays for Aug. 31

2007-08-31T00:35:00.000-07:00

Four shorts on tap.

Short:
AGIX 2.51
SSTR 2.49
DY 29.66
AVNR 2.25

Aug. 30

2007-08-29T22:09:00.000-07:00

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

2007-08-28T16:48:00.000-07:00

One short play for tomorrow.

Short:
DESC 1.00

Plays for Aug. 28

2007-08-27T22:33:00.001-07:00

Two shorts on tap.

Short:
LUM 1.70

PCS 30.67

Plays for Aug. 27

2007-08-26T10:54:00.000-07:00

One short for tomorrow.

Short:

STSI 1.01

Plays for Aug. 24

2007-08-23T13:54:00.000-07:00

Only one play for tomorrow.

Short:
NUVO 2.08

Code for short filter

2007-08-22T18:50:00.000-07:00

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

2007-08-22T18:48:00.000-07:00

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

2007-08-22T00:28:00.000-07:00

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

Plays for Aug. 21

2007-08-20T23:16:00.000-07:00

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

2007-08-20T01:15:00.000-07:00

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

2007-08-16T22:07:00.000-07:00

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

2007-08-16T08:10:00.000-07:00

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

2007-08-15T00:12:00.000-07:00

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

2007-08-13T21:11:00.000-07:00

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

2007-08-13T00:39:00.000-07:00

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

2007-08-09T23:47:00.000-07:00

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

2007-08-08T23:08:00.000-07:00

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

2007-08-07T22:25:00.000-07:00

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

2007-08-06T23:06:00.000-07:00

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

2007-08-05T23:58:00.002-07:00

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

2007-08-03T06:18:00.000-07:00

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

2007-08-01T23:27:00.000-07:00

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

2007-07-31T21:22:00.000-07:00

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

2007-07-31T01:54:00.000-07:00

The bounce filter came up empty.

Plays for July 30

2007-07-30T00:11:00.000-07:00

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

2007-07-26T18:55:00.000-07:00

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

2007-07-26T00:13:00.000-07:00

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

2007-07-25T00:31:00.000-07:00

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

2007-07-23T22:36:00.000-07:00

Two longs and one short on tap.

Long NFI 4.61

Long NPLA 2.40

Short DRL 1.37

July 23

2007-07-22T22:54:00.000-07:00

The filter came up empty for Monday.

Recap:
TAM -3.2%

BNVI +3% short

Plays for July 20

2007-07-19T23:29:00.000-07:00

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

2007-07-19T06:14:00.000-07:00

Four longs on tap.

BCON 1.42

JADE 9.50

NWBO 3.15 otcbb

UVSE 1.56 otcbb

Plays for July 18

2007-07-17T23:08:00.000-07:00

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

2007-07-17T01:17:00.000-07:00

One long and one short on tap.

Long KDKN 2.70 otcbb

Short TMY 1.76

Plays for July 16

2007-07-16T00:10:00.000-07:00

One long.

SBEI 6.23

July 13

2007-07-13T00:03:00.000-07:00

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.