$ISR – tbohen.com

Wachlist for 5-22-2015 – $AVEO, $NBS, $HNR, $MNGA, $ISR

Today’s Plan:

Ok day yesterday, no conviction though. I made good trades but never let them work. For some odd reason I was just feeling gunshy. And was flat out too conservative. That being said with it being a Friday before a holiday. I plan to be very selective today.

Today’s List: Full list from Yahoo Finance

AVEO Pharmaceuticals, Inc. (AVEO) -NasdaqGS

Ideally this spikes hard to give a short entry.

Neostem, Inc. (NBS) -NasdaqCM

I’m interested in a push towards yesterday’s highs.

Harvest Natural Resources Inc. (HNR) -NYSE

Shorting pops

MagneGas Corporation (MNGA) -NasdaqCM

Almost tried the fade several times yesterday, but never felt right. Glad I stayed away, hoping for a pop.

IsoRay, Inc. (ISR) -NYSE MKT

Basically the same as AVEO, this is dead meat, will short spikes.

Watchlist for 5-21-2015 – $PBMD, $ISR, $MNGA, $BSQR, $ONTY, $AMCN,$MNKD

“Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.” ― Dale Carnegie

Today’s Plan:

Interesting day yesterday, I lost money, but I traded well IMHO. Sure the wise man in me says I should have just left $PBMD alone till later in the day. Then at that point there would have been no temptation to short it.

But mid morning it was a juicy setup for sure. As you see below, I waited for my entries, none of them were rushed. And in hindsight I shorted basically the only two weak points it showed all morning. Then covered as soon as it didn’t work. I did not get stubborn and did not add.

But that being said I’m a little rattled mentally, I think more because of reading all the tweets from a lot of guys that I greatly respect. I’m going to REALLY be patient this morning and just watch/plan/think. If I make a trade today it will only be a late day fade/crack style setup.

Today’s List: Full list from Yahoo Finance

Prima Biomed Ltd. (PBMD) -NasdaqGM

Let it do its thing, may be at $10 may be at $2, but while I’m interested its on ignore till after noon.

Target: Late day reassess

IsoRay, Inc. (ISR) -NYSE MKT

Same plan as PBMD, I’m short biased but not in the morning.

MagneGas Corporation (MNGA) -NasdaqCM

They keep pumping out PR’s hoping this gets crazy but waiting for topping.

Target: $1.75

BSQUARE Corp. (BSQR) -NasdaqGM

Hoping for one more push then a fade off.

Target: $6.50

Oncothyreon Inc (ONTY) -NasdaqGS

Shorting any pops, even small ones.

Target: $2.50

AirMedia Group Inc. (AMCN) -NasdaqGS

Traded this ok yesterday, covered into a small crack because of watching PBMD, thought it was poor at the time, but this ended up grinding all the way back.

Target: $6.20

MannKind Corp. (MNKD) -NasdaqGM

Been fighting this here and there all week, it seems to be holding this $4.70 level, if it can spike to $5+ I’m interested.

Target: $5

Watchlist 8-8-2014 – $ISR, $PLNR, $DANG, $TKMR, $VGGL, $GTAT, $RIC

Watchlist 8-6-2014 – $HTCH, $GTAT, $PLNR, $ISR, $MVIS, $JMBA

Watchlist 6-26-2014 – $ACHN, $HIMX, $STEM, $ISR, $GRH, $ONVO

Watchlist 5-13-2014 – $PGFY, $DRL, $ISR, $NLS

I’m intentionally scaling back my trading per my trading rules. I got in the mode recently of overtrading and while it was profitable, it was just barely profitable. When I get into the full on “hardcore day trader” mode I invariably enter too many bad setups and give back the profits on the good setups. Not sure why I forgot the rule of only taking 0-3 trades per day but I did….

Trading 10 times a day makes it hard to review trading logs too, plus its hard to make a recap video on tons of trades. I think its more informative and more profitable to just focus on 0-3 GOOD setups a day. And avoid the mediocre setups, less “hope and pray” too.

Today’s List: Full list from Yahoo Finance

DRL

Traded this yesterday and I’m currently holding a loser. Was to early on the short, should have waited for the big move in the afternoon, as opposed to trying to short the fade early on. I’ll be cutting this loose early unless it consistently fades away.

PGFY

I never shorted this last week because of the lack of borrows. Still no shares at $IBKR but I want to watch it, interesting story of resigning executives and potential investigations etc. I’ll also be ALFSS.

ISR

I’ve made piddly profits on this here and there, but I gotta believe some day there will be a big crack. From what I can tell they just keep recycling the same news over and over and over again.

NLS

I would loooove to short the maker of that stupid ass bowflex… This looks to be ready to fade back, but it is a real company so that makes it a pretty mediocre setup.

Watchlist 4-16-2014 – $SUNE, $WAVX, $BAS, $PBR, $MNKD, $ISR

Finally back into my morning/daily routine post vacation. Took a couple days to get back into the mode of getting up early and running screens. My trading this week has been ok, but its amazing the difference preparing makes. Made solid profits Monday, but then yesterday was all over the place because I had a morning meeting and hit the markets right at the open totally unprepared/out of tune.

For what its worth, even if there is nothing coming up I highly recommend getting into the habit of building some screens and running them every evening or morning. It really just helps dial you into what is moving. And for me the simple act of taking the time to prepare makes me feel like so much more of a professional. And because of that my trading on days I prepare is consistently better and more profitable.

Today’s List: Full list from Yahoo Finance

SunEdison, Inc. (SUNE) -NYSE

Blegh after trading solidly all morning, I told myself to take mid day off. What did I do instead, shorted this fucking thing and proceeded to waste all afternoon watching it squeeze me. Turned an ok day into a bad day. I’m pretty much in hope mode now, if this goes down or fades all day I’ll hold it. If it spikes I’m out. BAD TRADE!

Wave Systems Corp. (WAVX) -NasdaqCM

Tried shorting this mid day and “nailed the top” in the $1.80’s. To bad $IBKR had no shares at the time I tried shorting. Frustrating like always but that being said recently $IBKR has consistenly had shares of every stock I try and short. So oh well. Not to mention though this one would have worked its been slightly ironic lately that when $IBKR has no shares it has kept me out of trouble on bad shorts. Probably no play on this for me now, if it cracks I’ll miss it, and if it spikes I hate buying bounces. My only setup would be if it really spikes hard and goes batshit crazy, than I will look to short again. $IBKR has a few shares this morning, but will probably run out again.

Basic Energy Services, Inc. (BAS) -NYSE

Thought about shorting this several times yesterday but never did. For some reason it never felt right. Of course it would probably make more sense to blame the distraction of $SUNE. I like this setup and at this point its my number one short watch.

Petr (PBR) -NYSE

Did trade this yesterday for peanuts (couple hundred bucks), but was way to quick to cover. It was right after the open and I had three open trades and all of them green. One of my biggest flaws is I gobble up profits like a fat kid eating cheeseburgers. I decided to close out all three trades bam bam bam, right in a row. Then all three of them ended up fading almost all day. $PBR would have been the best one. I guess the old saying goes “You will never go broke taking profits” but still frustrating to lose out on much bigger games simply because I’m impatient. Should have let me winners run and not closed them all simply because one was starting to move back up.

MannKind Corp. (MNKD) -NasdaqGM

This chart is pretty messy, but I think at some point this cracks $6 and then its full on party time!

IsoRay, Inc. (ISR) -NYSE MKT

I was short this from way back into last week. Finally decided to cover out of boredom yesterday. In hindsight that was rather foolish. If I was willing to hold it for a week why not wait for the big crack. Again I think it was more my lack of patience as opposed to any other reason. But now that I have covered it looks really week and could fall all they way back to $2, and then if it cracks $2 this could be a huge short.

Watchlist 4-14-2014 – $ISR, $MNKD

Back at it after a couple weeks off for spring break in Florida.

Pretty thin on the scans this morning, but I’m also feeling a little “out of it” after the time off. I’ll start building more of a solid list as things move into the open.

After the big pulls in the market last week, I’m looking for it to pick a solid direction today. Probably gonna be a good day to play bounces (which I’m not very good at). So I’m assuming I’ll be doing a lot of watching early. Then ideally some solid short setups in the afternoon.

Today’s List: Full list from Yahoo Finance

IsoRay, Inc. (ISR) -NYSE MKT

MannKind Corp. (MNKD) -NasdaqGM

Watchlist 3/24/2014 – $MNGA, $ISR, $PEIX, $ASTM

Today’s pic is the bane of my existence. I try as much as possible to take the middle of the day off and do some thinking and get in some moderate exercise.

Lot of missed trades from Friday, I should have done a recap then. Ended up missing the last couple hours of the day to record a podcast with a buddy. By the time I got back I flat out just forgot to do a trading recap. I’ll be back this afternoon.

Today’s List: Full list from Yahoo Finance

Magnegas Corporation (MNGA) -NasdaqCM

I did not realize this fought all the way back at the end of the day! I had assumed this play would be dead by today. Almost shorted a couple times Friday morning, but ended up skipping. There were for sure long and short opportunities both. Be nice to see some crazy spike today to short into later in the day.

IsoRay, Inc. (ISR) -NYSE MKT

This one is probably done for for me. While there is still some downside the easy short is over with. I mainly added it to watch just as a reminder to check in on it at the end of the day to see where its at.

Pacific Ethanol, Inc. (PEIX) -NasdaqCM

A little too high priced for me, plus it’s such a slow mover. My thoughts are its a complete POS, but I’m really struggling with picking an entry. Usually when its not clear to me its best to just avoid.

Aastrom Biosciences, Inc. (ASTM) -NasdaqCM

Annoyed at myself, I swore I almost shorted this Friday, but I see this ticker no where in my notes/tradelog. Looks like it was a solid short in the morning, then like most pennystock shit burgers had a late day short squeeze into the close. Lesson for newbs, its very dangerous to hold shorts into the close on Friday’s, the almost always squeeze.

Watchlist 3-21-2014 – $ISR, $MNGA, $BIOF

Small and mediocre list today. While all three of these will most likely pan out as shorts, I don’t think any of them will be solid today. More like next week.

Today’s List: Full list from Yahoo Finance

IsoRay, Inc. (ISR) -NYSE MKT

I shorted small size the other day and have held on with a death grip. My price is ok, but I was mainly entered because I saw shares evaporating at $IBKR. I think this ends up a good short, but who knows it may take WEEKS, which I despise, I hate looking at the some ticker day after day.

Everybody in the world is short this, so it may hold up a long time. And any follow up news could really spike it, VERY dangerous short.

Magnegas Corporation (MNGA) -NasdaqCM

I had this on watch as a short the other day and it played out nicely. I never shorted it, I can’t remember if I was watching other things or if there were no shares. Today there are borrows and its spiking on a Seeking Alpha article. I just entered an order a minute ago and chose to cancel it. I will be watching this closely into the open though.

BioFuel Energy Corp. (BIOF) -NasdaqCM

I’m perennially short biased on all these shitty alternative fuel companies, this had a nice close and I almost took it long overnight. Now I’ll look to short into any spikes.