Watchlist 7/19/2010 – Mediocre shorts and overpriced stocks. $$

I really have no idea why I am bothering with putting together this watchlist. NOTHING that fits my style is coming up on screens. But I’m up at 4:30am at my scheduled watch list building timeslot and I’ve run countless screens to try and find a decent setup so I might as well post what I found. No matter how pathetic and worthless.

Since the market was crushed again Friday, there just are not any good pennystocks to short. My only trade on Friday was closing out my IDiotic trade on ID, which I somehow managed to magically make a profit on?!?! Of course I will give all the credit to a pathetic “crashy” market on Friday. Any other day and I would have most likely taken a loss.

Full list from Yahoo Finance


Considering the profits I’ve made on this stock, I highly doubt I will touch it again. But it did have a decent bounce day, and I will NEVER believe in fat loss pills. Probably not up enough either, had it REALLY popped I would be much more interested. SHORT


Bunch of shenanigans here, a merger and a reverse stock split it looks like? I didn’t really dig very hard but anytime the AMAZING MAGICJACK! is mentioned I’m interested. If there were shares to borrow I would spend the time to research more, but since there are no shares I’ll just watch and let someone else figure it out for me… SHORT


Probably should have shorted this last week. It looks to really crack then fade, but at the same time somewhat boring. A few shares out there, so maybe it would be a good longer term holding? SHORT


A very “realish” company plus way out of my usual price range. But still up over 3X from a few months ago. Really doubt I will trade it but I think it could be the best short out there right now. SHORT


Again, way out of my price range, but I’m very skeptical of electric cars. This is more and more looking like a failed IPO, but any sort of magical flying car news, or government sponsored battery plants can make this pop so risky. SHORT