Watchlist 7/16/2010 – RIP all ye fat loss formula peddlers. $$

Well my fat loss pill thesis finally paid the bills yesterday! I’ve been yammering about the impending collapse of all of the recent hot fat loss pill peddlers. And while I didn’t expect it to happend in quite such an explosive manner, it happened nevertheless. VVUS’s latest remix of “speed” failed to get approval by some sort of FDA panel and all of the sector was CRUSHED.

Since VVUS was closed for trading I took a shot at ARNA and while risky I felt safe since ARNA was just up in anticipation of news by a competitor, they had no pending news that I knew of. While I was confident ARNA would go down, I had NO idea it would crack over a $1 in 5-10 minutes. One of those drops when you get paralyzed on the buy button wondering, “when the hell is it going to stop going down?!!?” Nice quick profit.

The dilemna is since I could do nothing but watch ARNA, I ended up getting trapped in ID overnight. I shorted ID on a huge spike based on buyout news. Afterwords I realized it was a mistake and had every intention of dumping it before close for a small loss. But again, ARNA had me hypnotized. Down a couple hundred bucks unreallized on ID right now, so nothing to terrible. Maybe I can get a little morning fade and make some money. Highly unlikely though since the buyout news appears to be real. If it goes up or sideways I will dump quickly.

Full list from Yahoo Finance

ARNA

Pretty much recapped above, but check out that scaaaary chart!! If I didn’t know what to do as a short, the longs were probably puking their guts out!! 🙂 Kind of a bummer the stockcharts.com site doesn’t show afterhours, I’ll post a chart of VVUS later, yikes!!! SHORT

HSWI

Finally a few shares of this at my broker, since the borrows are out there I will watch it. But getting pretty boring pretty fast. SHORT

ID

Mistake mentioned above, who nows maybe I’ll get lucky. But at this point thats all I can do, is hope for luck, shitty… SHORT

KV-A

Just another crappy biopharma, but wait I don’t think they make a fat loss pill, why are they up!?! Its not their turn 🙂 Easy borrow at my broker so its worth watching. SHORT

NWBO

Exact same explanation as KV-A, just a different ticker. SHORT

VRNM

I missed this yesterday, no real play now since its already down so much. But I’m curious to see if it will end up right back where it started. SHORT

Watchlist 7/15/2010 – Fat loss potions are hot!! $$

No big recent updates, I traded DSTI for a 13% gain in about 10-15 minutes the other day. But it fell to fast and I only was filled on 735 shares. Had I gotten the full 3K it would have been a VERY nice trade. Other then that not much interesting out there. NUSMF was nice but I couldn’t get any shares. I honestly can’t remember if my brokers didn’t have any or if I was to slow. If I was indeed too slow in NUSMF, and IB or TOS had shares I will be bummed. Since that is a perfect test case for my “long term short” strategy. I would have loved to get some in the mid twos and hold for weeks, maybe covering in the mid to low $1’s. DEAR was another stock I flat out missed, but I’m just to timid to short crappy banks unless I can do nothing but watch them while in the position, and I don’t have that kind of time.

Full list from Yahoo Finance

ARNA, CELH, VVUS

Fat loss plays are huge this week! ARNA and VVUS both have news, but I’m very dubious. CELH is a slower riser but still, they make sugar water that is supposed to magically burn fat.. I’m afraid I may be a little to anxious to short this industry, but next to finance, there is no business so totally loaded with charlatans, liars, ex cons, and snake oil salesman! And those are the good guys in fat loss, I don’t think I have words for the bad guys… SHORT

GRNO

Oil spill play, under a dollar and a pinksheet so not sure if I will play it. But it appears to be an absolute carcass up on total hype. SHORT

HSWI

My number one short setup for sure!! But finding shares will be about as easy as finding a unicorn or even maybe as rare as a double rainbow! Up over 100% on some lame chinese media content deal. I will dig and dig to find borrows, but not looking good. SHORT

LACO

Kind of a flyer here, but looking for one more stock to add to the list. Obviously companies need money to operate but I find it odd that your stock price shoots through the roof when you sell off what appear to be core holdings of your business. Its like Microsoft selling off Windows and Office to concentrate on the mobile market. Just seems odd to me. SHORT