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.