Friday, August 22, 2008
This isn't for fun anymore.
My account is reaching the end of the funding process so I'll be doing some thorough research for my picks in this post. I'll also try to limit the picks and keep a daily record of how successful the picks were.
Tuesday, August 19, 2008
Reflections and Predictions
Reflections:
FMD,DYAX,CROX all had beautiful fades starting at the opening bell, losing yesterday's gains steadily for the patient.
Looking at my 6 chart setup I saw 6 shorts I didn't get on because I overslept an hour. Further today again validated the importance of being self aware by 8 so that I can reserve shares to short.
Predictions
HYGS- Bigger pump. Or my opinion: Big dump. Earnings are a loss. Moving b/c it was on stocklists? This doesn't deserve $1.34. 1500 shares is $2010. Nice position.
Bad day for the financials. Tommorow is NOT another day Annie. These will fall:
RHD,RDN,SCA,ABK.
FMD,CROX-more falling
DYAX- Good drug news, yet falling? I'm out of this anwaya.
ZYXI- Must be a multiday rundown. Short into the open.
BHBC- Times are not good. Lets make it fall down to $1 from $1.50.
Enough. Sleep.
FMD,DYAX,CROX all had beautiful fades starting at the opening bell, losing yesterday's gains steadily for the patient.
Looking at my 6 chart setup I saw 6 shorts I didn't get on because I overslept an hour. Further today again validated the importance of being self aware by 8 so that I can reserve shares to short.
Predictions
HYGS- Bigger pump. Or my opinion: Big dump. Earnings are a loss. Moving b/c it was on stocklists? This doesn't deserve $1.34. 1500 shares is $2010. Nice position.
Bad day for the financials. Tommorow is NOT another day Annie. These will fall:
RHD,RDN,SCA,ABK.
FMD,CROX-more falling
DYAX- Good drug news, yet falling? I'm out of this anwaya.
ZYXI- Must be a multiday rundown. Short into the open.
BHBC- Times are not good. Lets make it fall down to $1 from $1.50.
Enough. Sleep.
Monday, August 18, 2008
Back @ school and still papertrading.
Managed to make up a good bit of losses from uneducated guessing, and the account is @ about 98,200.
In the meantime, it's back to Carolina and time to turn this hobby into something more serious. Funding in progress, and visits to the banks tomorrow to figure out these pesky transfers.
The NEW
FMD- According to the last book I read when GS does anything, don't bet against them. They don't make billions taking stabs at the market. Should the flurry of buyers that joined GS taking their stake decide to bail, this might be worth my time.
DYAX-Pharm pump. Lets hope this drug fails so I can short. Probably being too naive not having enough experience with probabilities of this happening.
CKSW- Low volume. Big Mover. Absolutely zero news. I'll add this to my inventory of patterns. 3 month history shows this is not a new trend for the stock. Look for it to hold or fall. Regardless, no decisions until this market opens and others jump in. Essentially a management/infrastructure providing company. No foreseeable links to overall market conditions.
CROX- Well known. Liquid. Pump and sideways action. Tank please. $5.31 close
ANSV- Same as CROX. Trades lower at $2.45. Sideways action means the buyers and sellers are close to equilibrium. Price resistance is essentially whats going on. Of course I want for these penny stocks to fall back down. But this is down in the gutter, and when a stock does this, I think a fancy coming out party(IPO) is what had it in the clouds to begin with. Yea its not the most solid reasoning, but fuck, I'll justify charts however I want. If I'm wrong it won't be assumed again.
OLD NEWS
RAMR, ABK,SCA,RDN,RHD,TGIC,BIOS, ZYXI
Experimental Strategies. Buying todays % gainers for gapup's and finding the daily % gainer gems.
In the meantime, it's back to Carolina and time to turn this hobby into something more serious. Funding in progress, and visits to the banks tomorrow to figure out these pesky transfers.
The NEW
FMD- According to the last book I read when GS does anything, don't bet against them. They don't make billions taking stabs at the market. Should the flurry of buyers that joined GS taking their stake decide to bail, this might be worth my time.
DYAX-Pharm pump. Lets hope this drug fails so I can short. Probably being too naive not having enough experience with probabilities of this happening.
CKSW- Low volume. Big Mover. Absolutely zero news. I'll add this to my inventory of patterns. 3 month history shows this is not a new trend for the stock. Look for it to hold or fall. Regardless, no decisions until this market opens and others jump in. Essentially a management/infrastructure providing company. No foreseeable links to overall market conditions.
CROX- Well known. Liquid. Pump and sideways action. Tank please. $5.31 close
ANSV- Same as CROX. Trades lower at $2.45. Sideways action means the buyers and sellers are close to equilibrium. Price resistance is essentially whats going on. Of course I want for these penny stocks to fall back down. But this is down in the gutter, and when a stock does this, I think a fancy coming out party(IPO) is what had it in the clouds to begin with. Yea its not the most solid reasoning, but fuck, I'll justify charts however I want. If I'm wrong it won't be assumed again.
OLD NEWS
RAMR, ABK,SCA,RDN,RHD,TGIC,BIOS, ZYXI
Experimental Strategies. Buying todays % gainers for gapup's and finding the daily % gainer gems.
Wednesday, August 6, 2008
Some picks for a day i wont be trading. Just for practice.
ABK- This little pos i've known since the first day it appeared on the % gainers list. I watched it specially because it got mention on Tim Sykes blog, but only as something he'd never touch since it was a financial play. Not only has it over doubled since then, but today it kept the gains going. I said i'd wait for sideways action and a fall on my post that got deleted for yesterday, but for tommorow, any upward movements will be solid gains in partial. We won't be seeing a sell off soon.
BIOS- Wanting to short this very badly, but it whenever it reaches 4.01 it never loses that extra cent. I'll continue to watch it for short
DENN- This guy gapped down after a solid day on the % gainers list for Tuesday the 5th. Still it ended green for the day up 8%. This is on my momentum list. News says it wants to regain breakfast kind status.... but its all just some hype that'll blowover once the market realizes it.
CBOU- this is why the market fascinates me. Q2 losses on this coffee shop weren't as bad as expected so.... pump it up! 3-4th time its made the % gainers list. I want this to fall bad. Anyone who compares this to SBUX is out of their mind.
MKTY- If i was trading I would join the short train on this that has been riding this stock downward since last week. Its still at 3 meaning plenty more to drop.
RDN and RHD- These are both going higher. I'm more sure of RDN. It got that nice pattern of holding on to a good bit of a intraday spike.
SCA- Be careful of the steep runups bit this one wants up too.
Now my failures.
ABK and GGC were both on my list. ABK had a good breakout leading me to think it'd crack six today but no such luck. GGC...... man what a beautiful fade. Right after the open too. It just kept falling afterwards. Also it gapped up making the short even more profitable if you had good timing. It made up some of the fall but not much and ended the day on bad news saying it just paid to dismiss a lawsuit. Sales are down becuase of housing crisis. bla blah blah. Shutup and go back to the sewer you rat!
I'll have to start waking early to get shorts in but tommorw I won't be around a computer anyway. This is just a way to get my predictions down and access my accuracy and build my eye.
BIOS- Wanting to short this very badly, but it whenever it reaches 4.01 it never loses that extra cent. I'll continue to watch it for short
DENN- This guy gapped down after a solid day on the % gainers list for Tuesday the 5th. Still it ended green for the day up 8%. This is on my momentum list. News says it wants to regain breakfast kind status.... but its all just some hype that'll blowover once the market realizes it.
CBOU- this is why the market fascinates me. Q2 losses on this coffee shop weren't as bad as expected so.... pump it up! 3-4th time its made the % gainers list. I want this to fall bad. Anyone who compares this to SBUX is out of their mind.
MKTY- If i was trading I would join the short train on this that has been riding this stock downward since last week. Its still at 3 meaning plenty more to drop.
RDN and RHD- These are both going higher. I'm more sure of RDN. It got that nice pattern of holding on to a good bit of a intraday spike.
SCA- Be careful of the steep runups bit this one wants up too.
Now my failures.
ABK and GGC were both on my list. ABK had a good breakout leading me to think it'd crack six today but no such luck. GGC...... man what a beautiful fade. Right after the open too. It just kept falling afterwards. Also it gapped up making the short even more profitable if you had good timing. It made up some of the fall but not much and ended the day on bad news saying it just paid to dismiss a lawsuit. Sales are down becuase of housing crisis. bla blah blah. Shutup and go back to the sewer you rat!
I'll have to start waking early to get shorts in but tommorw I won't be around a computer anyway. This is just a way to get my predictions down and access my accuracy and build my eye.
Saturday, August 2, 2008
DOH!
The LASM is back, big time. I should've gone to that thing, at that place today. Instead I stayed home, and let the LASM consume me. Too bad one stop didn't have any S. Any my "attempts" to scalp W on the way were as productive as lucrative as my "attempts" themselves.
I think I did a good job of letting my parents know. I just dumped a pot full of fresh cooked minute rice into the trash can. Take that Dr. Phil! I'm out of control. I had a flash back to my first encounter with LASM earlier today where I rolled around unpredictably doing my best impression of having a seizure I could conjure up. Last time I did it right after a shower on my bed full of clothes.... Well, at least now I sleep on that bed. Ironically enough, this time it was on the floor next to the bed-- where I used to sleep. Last time a trip to random stores helped settle my thoughts. This time, I'll ride this wave out until I've squeezed every last bit of dopamine out of my poor nerve cells.
f*#@*$@#($#@(&$@#&($(#@$&(~!
I think I did a good job of letting my parents know. I just dumped a pot full of fresh cooked minute rice into the trash can. Take that Dr. Phil! I'm out of control. I had a flash back to my first encounter with LASM earlier today where I rolled around unpredictably doing my best impression of having a seizure I could conjure up. Last time I did it right after a shower on my bed full of clothes.... Well, at least now I sleep on that bed. Ironically enough, this time it was on the floor next to the bed-- where I used to sleep. Last time a trip to random stores helped settle my thoughts. This time, I'll ride this wave out until I've squeezed every last bit of dopamine out of my poor nerve cells.
f*#@*$@#($#@(&$@#&($(#@$&(~!
Friday, August 1, 2008
LASM returning
I haven't been reading, I stopped trading two days ago, but days have been busier. I guess that answers it. Either way i certainly havne't read quite as much as I intended too. After all, I've got half the fucking trading/stock market section of the University City Public Library on my new bookshelf.
Eh, no mainstream news tickling my dopamine receivers I guess. But nonetheless, Mr. Hussein and Zuckerburg have crept back into my life. Further, I think the LASM is partially derived from the onslaught of completely depressing news that fills the headline boards on my favorite news sites.
LOL Sauce. This is the first paragraph of an article about CITI
The attorney general of New York, Andrew M. Cuomo, said on Friday that he would take legal action against Citigroup, which he said misled investors about the dangers of auction-rate securities and destroyed evidence that his office had requested as part of its investigation into the company’s sales practices.
3 months ago I would have read this, frowned, and thought about if this is what Dr. Byrns my ECON 101 prof meant by greedy captitalist pigs... Now I think, well damn, I guess the general public will never know that the sales and trading rooms of IB's everywhere are legal boiler rooms. Think of it this way, everyone always talks about buy side trading: "Buy AAPL, the iPhone 3G is going to blowup sales," "GOOG is growing faster than any company ever, buy now!!" First of all, anyone that talks about GOOG and AAPL and speculates about the stock market is about as trustworthy as your friendly neighborhood methhead. Second, the guys spreading this hype are elaborate salesmen-- paid-off promoters, analysts, and investors. They'll never try to advise you to sell GOOG because earnings didn't meet expectations. Short selling is too abstract for the average American. For every buyer out there, a seller must also exist. Thus when IB's invest in 300 million shares of VISA after listening to the promoters, analysts, and investors, and the deal goes sour, the shares can't just be dumped back in the market. It takes some convincing. It takes... a good salesmen. Don't blame CITI. Blame the buyers. The market operates on one principle: Caveat Emptor-Let the buyer beware.
I've decided I refuse to hear anymore about politics/political candidates untill after the election. Any attempt I make to hear about Bush only confirms my decision to award him the Douchebag of the Past 8 years award, and well.... I've written about Obamo way too much already.
Read previous posts on my award presentation, and Obama at my old blog. You will also find here, an explanation of the aforementioned acronym LASM--it's not a stock symbol... its a disease, and I suffer from it. Go to my website and click "About me" www.nlak.weebly.com
Things continue to be unsettling in America. The pace at which negative economic activity is breaking records is perhaps the worse but unequivocal to what it all stems from... LEVERAGE.
Eh, no mainstream news tickling my dopamine receivers I guess. But nonetheless, Mr. Hussein and Zuckerburg have crept back into my life. Further, I think the LASM is partially derived from the onslaught of completely depressing news that fills the headline boards on my favorite news sites.
LOL Sauce. This is the first paragraph of an article about CITI
The attorney general of New York, Andrew M. Cuomo, said on Friday that he would take legal action against Citigroup, which he said misled investors about the dangers of auction-rate securities and destroyed evidence that his office had requested as part of its investigation into the company’s sales practices.
3 months ago I would have read this, frowned, and thought about if this is what Dr. Byrns my ECON 101 prof meant by greedy captitalist pigs... Now I think, well damn, I guess the general public will never know that the sales and trading rooms of IB's everywhere are legal boiler rooms. Think of it this way, everyone always talks about buy side trading: "Buy AAPL, the iPhone 3G is going to blowup sales," "GOOG is growing faster than any company ever, buy now!!" First of all, anyone that talks about GOOG and AAPL and speculates about the stock market is about as trustworthy as your friendly neighborhood methhead. Second, the guys spreading this hype are elaborate salesmen-- paid-off promoters, analysts, and investors. They'll never try to advise you to sell GOOG because earnings didn't meet expectations. Short selling is too abstract for the average American. For every buyer out there, a seller must also exist. Thus when IB's invest in 300 million shares of VISA after listening to the promoters, analysts, and investors, and the deal goes sour, the shares can't just be dumped back in the market. It takes some convincing. It takes... a good salesmen. Don't blame CITI. Blame the buyers. The market operates on one principle: Caveat Emptor-Let the buyer beware.
I've decided I refuse to hear anymore about politics/political candidates untill after the election. Any attempt I make to hear about Bush only confirms my decision to award him the Douchebag of the Past 8 years award, and well.... I've written about Obamo way too much already.
Read previous posts on my award presentation, and Obama at my old blog. You will also find here, an explanation of the aforementioned acronym LASM--it's not a stock symbol... its a disease, and I suffer from it. Go to my website and click "About me" www.nlak.weebly.com
Things continue to be unsettling in America. The pace at which negative economic activity is breaking records is perhaps the worse but unequivocal to what it all stems from... LEVERAGE.
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