Still holding HAUP short, and sitting on a decent UNrealized profit at this point. Probably should have covered into the drop to $2.80, but I was AFK when a certain high profile trader shorted it and by the time I got back to my PC it was back to banging around the $3 mark. I still like the short and barring any big news I think it continues to slowly fade back into oblivion. My biggest concern is the buyers seem determined to keep it above $3. Every time it cracks, it bounces back above. I’m trying to be patient but if it shows any strength I will cover and book my profits.
I’d like to think if I was at my PC when it cracked $8 I would have shorted this, but by the time I got back it was climbing back up. So considering my timing glad I didn’t play it. But bummer I wasn’t around when it dropped.
Dropped right out of the gate fast and hard. Nice to predict it but tough to play a falling knife like that. Especially a bankrupt pinksheet. Kind of like SEED, it sucks I missed it, but tough to play at the same time.
Looks to be another big down day today, and of course considering the heavy selling yesterday not a ton on my list again. Since I look to primarily short high flyers, and its obviously tough to get high flyers in a market that just keeps selling off. I’ll just watch and keep my powder dry. I did make a trade yesterday that I was not crazy about at first, but my comfort level increased as the day went on. Of course it pretty much went sideways most the day and only went down at a decent rate when the market sold off last minute. So not sure if I will get huge downside in this hyped up stock or maybe just pennies as it follows the market. Oh well, up decent unrealized and optimistic at this point.
Very “pumpish” looking electric car company. If Tesla Motors had an alcoholic screw up brother who had been hit in the head to many times this company would be it. Only a few shares available pre market, if they stick around I may go after this aggressively, if my morning isn’t over the top busy. SHORT
Another holdover from last week. Every time it looks to crack it bounces though. I’m fairly certain it will shit the bed at some point, but not sure if I have the patience to wait. And considering the lack of plays today, I may be fishing on this one. SHORT
Perennial short watch, I think I have looked to short this 10 times over the last few years, but don’t think I ever have. Big pop and a fade yesterday, and a decent amount of borrows. But its a day traders favorite so the predictability is tough. SHORT
I hate trading Q’s especially short, but its hard not to keep an eye on this one. 50 cents to 2 bucks in two days. But its a brain dead auto supplier on bailout watch. Tough to ignore, very tempting… SHORT
Timeshifted the Lost final episode so I wouldn’t have to watch any commercials but by the time we were done watching it, it was 12:30AM. So I’m to damn tired to put together a full list. Not any really great setups anyway.
Starting at 4:45am I have been swapping modems on my DSL connection trying to get it to stabilize. I think I have a whole pile of bad gear. At this point I have it operating but at such a crappy data rate trying to flip through screens to build a watchlist is infuriating.
If the markets weren’t constantly making new lows and offering up some decent short setups I would probably fight through the speed hassles. But considering I saw nothing particularly interesting on the limited screens I ran screw it…