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.