Today’s list is of shorts is so mediocre I’m going to really struggle to make any comments. Whoops I actually have a buy in here as well, $LQMT, is a short term buy based on $AAPL hype. I have no idea how big their partnership with $AAPL is, but if the main stream media gets a hold of it, it can pop for sure. I just hope I’m in and out today and not trapped in this annoying thing waiting for something to happen.
$ARNA, and $OSIR are still solid shorts I think, I would had hit them both yesterday but shares on both dried up mid day. Had I shorted pre market or right at the open I could have gotten in. But that is often the worst possible time to short, so I’m glad I stayed away. Would love to get a position in $ARNA at some point, but I’m afraid my passion to short a company that makes a pill to make fat and lazy people lose weight may be clouding my thinking.
Still no great picks, but I will continue with pressing on. There is money to be made in this market, just not easy money right now.
Not a whole lot new today, same list of shorts from yesterday with one new edition, GENE. Still no great shit stocks to short right now, all these picks I will not rush into taking a position considering they all look strong at this point except RMBS. I do feel confident they will be solid shorts soon, but not expecting much today.
How is Rambus still around, I remember them from 10 years ago when their memory modules were 4X more expensive then anyone else’s and worked in about 10% of the motherboards manufactured… I’m assuming they are like $EK and just sue anyone and everyone for revenue.
Sorry for the lack of watchlists, but just really struggling to find any good pre market setups lately. While my trading results have been decent recently most of the plays have been spotted mid day and not pre. Another day with nothing to great to watch. Someday maybe I’ll learn to play momemtum stocks long instead of short. But from what I read even the long biased guys are seeing a lot of boredom lately too. But that is summer and especially August, I’m sure it will pick up soon.
Same fat loss pill story, I really wish there were more stocks out there so I wouldn’t have to fall back on watching this thing.. But encouraging looking fade Friday, I wanted to short all day but held off till the very last 2 minutes. SHORT
Alt energy play, up big because Obama drove by the outside of the factory and waved as he passed. Bummer its under a dollar and shares are hard to find, otherwise this might be my number one short watch. SHORT
Really really really wanted to short this in the mid $3’s yesterday, but did not understand all the implications of their weird dividend. Important rule is if you don’t get the setup don’t trade it. Annoying that it cracked without me though. SHORT
Then made my first ever futures trade on wheat. I made several tweets pointing out about how this book, is a bad influence. Reading about all the masters of the universe trading 10 Billion of commodities and currencies starts making a ham and egger like me think he can do the same. Very foolish! The trade was successful and fun, but I doubt I will do that again anytime soon. Perhaps after tons more reading and research.
Well I was more or less proven right, they issued a stock offering today. Though it was at prices still above where I wanted to be. But whoop de do about being proven right, I want to make fricking money!! No real play now though I still don’t doubt it will end up tanking, I don’t think those fools at Deer Management know what they are getting themselves into. Nevertheless their buy will support the price so it will be a yawner. Maybe a good long term short, but waaay long term. SHORT
No trades and nothing worth watching towards the end of last week. Boredom looks to continue this week. I managed to get my ass stuck in ARNA by working on the go all day Friday. Dumb. Hopefully it was just a lame Friday afternoon short squeeze but the stock has gone from looking pretty weak to now looking strong. Something a part time trader should NEVER do is get into a position when you can’t pay it full attention. That is normally one of my primary trading rules. Hmm guess I broke that one eh? Fucking stupid… Futures were up when I went to bed but now this morning they are fading, annoying. It would be nice if the market would get decisive and go one way and stick to it instead of this chop. Well here are five stocks barely worth watching.
I’ve said enough already, now I just need to decide to hold until their drug is proven worthless and continue to get squeezed or just cut and run. Still a short in my opinion, but not right now based on the chart. SHORT
I’ve been watching this for a week and would really like to short. But everyday I hesitate and the borrows dry up at IB. They are back again today, I just need to get decisive and enter a position. This stock will almost certainly tank 30% soon. Just a bummer its right at a dollar, I would like to see it run more before shorting. SHORT