Watchlist 8/11/2010

Still brutal trying to put together an interesting watch list. A few with decent charts but no great stories to comment about. So I’ll go with another no comments list today. All potential shorts.

Full list from Yahoo Finance

ARNA

Attempt number 1,232,343,334 to crack $7.30 – $7.20. SHORT

EFOI

LQMT

There is no way in hell I will short this, but fun to watch.

RMX

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

SOLR

Crack $8 already… SHORT

WWWW

ZSTN

Chinese cable tv supplier, SHORT

Watchlist 8/9/2010 – August doldrums continue. $atml $crox $nano $onsm $rjet $solr $wwww

Since it was the weekend, nothing really to recap. I went over my most recent trades in this video Friday night. Nothing crazy interesting on the screens, and futures are more or less sideways, looks to be shaping up to be another boring August day.

Also of moderate interest, I have the rough draft of part 2 of a chapter of my Pennystocking ebook posted here, please offer any comments or criticism.

Full list from Yahoo Finance

CROX

Ugg, I hate picking “real” companies like this to short, but the runup just seems way over done for some ugly plastic shoes that seem to make my kids trip and fall down whenever they wear them. SHORT

NANO

Strong chart, strong earnings, but I can’t buy in. Highly doubt I will trade it but I still foresee it fading back once the volume dries up. SHORT

ONSM

This is my best pick for sure. Not that its a great pick, its just the best out of the bag of trash I have today. Up huge on some sort of “virtual kiosk” technology. Sounds very 1999’ish. And I am almost forced to short ANY company that has auto playing music when you visit their website. SHORT

RJET

Ugh, an airline, another segment I try to never touch. But the chart doesn’t look too bad and it showed up on my faders scan. For lack of better tickers to watch I’ll keep an eye on it. SHORT

SOLR

Perennially good short. And all of these bottom tier solars seem to pop and fade over and over again. Easy borrow so I’ll watch. SHORT

WWWW

Same old boring story, still holding and still waiting. Basically sitting at flat. SHORT

Summary:

Sorry for the extra brief comments today. Not that my commentary is ever that in depth or useful, but really hard to come up with anything to say about these lame picks…

Watchlist – 8/6/2010

Odd day yesterday, made a trade right in the morning on WWWW and ended up basically flat after stupidly holding through a predictable morning spike.

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.

Very little on the watch list today, though I break the rule from time to time I pride myself in NOT trading. Any moron can hit buy, buy, buy, and sell, sell, sell, but it takes an actual “trader” to only make solid risk/reward trades. Idiot “retail investors” and bag holders can trade all the crappy setups they want. I refuse.

Full list from Yahoo Finance

ARNA

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

ISTA

This came up on my “faders” scan, probably not worth playing but a mildly interesting chart. SHORT

NBIX

Basically the same as ISTA, no great reason to short, just showed up on the same scan. SHORT

WWWW

I rambled incessantly about this stock in my video recap yesterday. No new developments since then. SHORT

Watchlist – 8/5/2010 – Post vacation abbreviated list.

Running late, getting back into the post vacation routine, so just a list of tickers and charts, no comments. I’ll be back in the groove tomorrow.

Per usual all selections are on short watch.

Full list from Yahoo Finance

ARNA

BDR

FTLK, FTLUF

No matches on stockcharts.com?

SMTX

WAVE

WWWW