Watchlist 1-17-2014 – $ARNA, $GALE, $NLST, $ELON

Not seeing a ton on scan today, but I’ll admit I’m not putting my full effort into it either. I’ll be AFK most the day after 10AM or so.

Made a nice solid profit on $PLUG yesterday, kind of a risky play, but I decided to hold into the conference call. Lots of spiking in the morning but as soon as the call started it pretty much collapsed instantly. In the end happy with the profit though the risk to reward might not have been that great.

I’m currently short $VG overnight, I watched $ARNA all day long and never saw a good entry, so for some random and stupid reason I shorted $VG out of boredom. I’m basically flat right now, ideally I get out for a small profit or flat. This trade is annoying for sure. Pisses me off when I make decisions like that.

Full list from Yahoo Finance

ARNA

Comments above, still stalking for a short entry.

ARNA

GALE

Made money shorting this last week, and thought about re-entry this week. Looks like it got crushed overnight so a tough miss.

GALE

NLST

I think this has solid positive news, but also a long history of spiking and failing.

NLST

ELON

ELON

Watchlist 7/8/2010 – Back with another crappy watchlist.

Bummed to a certain extent that I havent posted any watchlists, but for once it has nothing to do with available time. Its simply due to the fact that I have seen NOTHING really solid to trade. There have been setups sure, but nothing great and nothing worth detailing in a premarket watchlist. Considering my #1 trading rule is to not trade out of boredom when the setups are not there, I have stuck to my discipline. I did make a trade the other day on ARNA, but really probably lucky on that one, I just could not resist shorting a company with a magical fat loss pill. So since this is supposed to be a blog with some Finance/trading info, here is a watchlist, but don’t bother trading any of these stocks…

Full list from Yahoo Finance

ARNA, VVUS, OREX

Three fat loss pill peddlers. I’m sure they are all shit, but I’m primarily watching VVUS after trading ARNA the other day. It appears that ARNA made some sort of deal to license their anti fatass magical potion to somebody so VVUS and OREX are up as well. OREX is lame and totally boring, I’m justing watching it because it is mentioned with ARNA and VVUS all the time. My only solid watch out of the three is VVUS, I almost shorted into the big spike late day yesterday around $11. It “could” have been a good quick trade since it dropped like a stone right at the close. A bounce after hours, so again timing would have had to been perfect. Plus I had no idea what the spike was about, who knows how high it could have ran?? Also FYI, VVUS is an easy borrow at Thinkorswim and Interactive Brokers. SHORT

NEXMD

I tried shorting this multiple times but could never find shares at my brokers. I had my eye on it already but considering Tim Sykes has been trading it, I have tried particularly hard to find shares. No dice. Its still an OK watch, but pretty solid multi day support at $3. Starting to look like it could get boring or even go up slowly. SHORT

NLST

Ick, look at that nasty choppy chart! I think I’m only watching this becuase its one of three stocks on my screener. If it were a normal day with ten to fifteen stocks I don’t think I would even pay attention to it. Also up on some pretty lame news, “qualified for use in Dell systems”. I’d be happier if it spikes more, at this point I probably won’t trade it. SHORT

VRS

I swear I have traded this in the past, but I can’t remember when.. They do appear to be a “real” company so that is kind of a bummer, plus the spike is nothing huge. But from what I can tell its up simply because they are reconfiguring a plant in Michigan’s upper peninsula to run on biomass for energy.. Whoop de do! Short

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