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.
Thursday, May 17, 2007
Wednesday, May 16, 2007
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.
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.
Tuesday, May 15, 2007
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
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
Monday, May 14, 2007
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.
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.
Sunday, May 13, 2007
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.
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.
Thursday, May 10, 2007
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
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
Wednesday, May 9, 2007
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
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
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