Watchlist – 7/13/2010 – 6 potential shorts. $$

Disappointing miss on VVUS yesterday. Oh well beauty of the market is everyday there is a fresh batch of opportunities. Actually my entire list ended up being fairly solid, just no trades so whats the point in bragging about it? Another busy day for me, so not sure how high the likelihood of making a trade is, but here come the shitty picks!!

Full list from Yahoo Finance

DEAR

Nothing new to say from yesterday. Just tough to pick a spot to short since the spike is still pretty low volume. Probably worth taking a small position and holding on for the ride. SHORT

DSTI

Wow!! Now this is a niiiice looking short setup!! Technical and really even more so fundamental! If I was smart I’d gobble up whatever shares I could find before they disappear. But odds are you’ll check back in a few days to find me crying about missing this sweet ass setup!! SHORT

IFLG

EVERY spike this year has been a great short. Scary thing is this stock can run like few others I’ve seen. If you go in to heavy it could be a widow maker in minutes! SHORT

SILA

Nice looking chart and a total POS, but under a dollar so I will avoid. Going to be a killer short at some point though. SHORT

VVUS

I’ve talked about this damn stock enough, I’m moving on… Worst part is, not only was it a great short yesterday, it could continue to fade for days and weeks. Tons of potential downside. But I feel I blew the high risk to reward play, just watching and crying now. SHORT

Watchlist – 7/12/2010 – Looking like another non trade day. $$

Sheesh, after taking Thursday afternoon and Friday off, I was hoping for a decent list this morning… And was very disappointed. This might be the most worthless list of shorts I’ve ever built. Most days like this I would just not even bother to post, but I’m up at 4:45AM and into the routine, and just spent a half hour digging so I might as well post the worthless charts I found. What setups I did find that were not absolutely horrendous I was unable to locate borrows. So all I can do is hope for some crazy ridiculous market jump to setup some fades this afternoon and some setups going into tomorrow.

Full list from Yahoo Finance

CPRX

Its almost embarrassing to admit, but this might be the best looking chart on the list for today. Bummer is, just not really enough potential downside to get excited about.. SHORT

DCTH

Nasty, nasty looking biopharma. Not sure what the reason for the pop is though. Plenty of shares to borrow so I will watch closely. I’m afraid it will drop fast at the open, ideally it will run some more then fade in the afternoon. If it follows that pattern I may trade it. SHORT

DEAR

A lot of these regional banks have been popping lately. I don’t think I have EVER traded any of them and will probably not break that streak. But this was a huge runner and great short last time so I feel obligated to at least keep an eye on it. SHORT

NEXMD

As mentioned last week, I probably would have shorted this had I been able to find shares. Somewhat glad I didn’t find any at this point since it really did nothing and I probably would have been stuck watching it while I had a couple days off. Would have been very annoying checking in on it while trying to ignore the markets. So somewhat a blessing in disguise. Shares are out there now, but I’m conflicted since it has held support at $3. Hmm, tough call at this point whether to trade it or just ignore it. If it cracks $3 it could fall fast and hard though. SHORT

VVUS

Another losing trade prevented by taking time off! I tweeted this as I walked out the door and was feeling pretty cocky about a great short call! I think it was around $11.60 at the time and it squeezed all the way up over $12. Although it did fade late day nothing great. I’ll still watch but its stubborn, I think I’m just determined to trade it because of the fat loss pill tie in. Not sure thats a great thesis. SHORT