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.