Sooo many plays its scary—I traded 3 times yesterday, made a cool $600, all good trades, if too impatient, so I gotta watch out for Osama bin SEC’s misguided freedom-hating ideology, aka the pattern day trading rule, biting me
What’s in play? Well, these 7 oil/gas stocks are on just about everyone’s radar and of course the old gang (FPP, PDO, MXC)…none of which I’m looking to short anytime soon…okay, well maybe SSN (reserve shares), it’s the biggest pile of manure (just look at the chart filled with bitter long-term shareholders!)
I do wish I’d held TGC overnight as I’m getting emails from several TIMalert subscribers who bought in at my alert at prices ranging form $1.69 to $1.72, although it is a commodity play (so you could have the best setup in the world, which you do right now, but if oil is down, stock’s headed lower too), not a fraud pump and dump that are so clearly/overwhelmingly my specialty
and then lesser potential buys:
LOCATION BASED TECHNOLOGIES (LBAS) This spammer could/should be the next MXFD…who has the balls to hold? You with that Scottrade account?
Cubic Energy, Inc. (QBIK) will today be the day it finally breaks out big past $4? Watch it!
Ahhh my precious, the spammer HYHY, on which I’m short overnight—a truly ideal play I’ll look forward to covering into a morning panic…
and even some lesser short plays:
Advanced Battery Technologies, Inc. (ABAT) up on heavy message board rumors, none credible…further reversal likely, wish we could more of a spike (reserve shares just in case)
New Oriental Energy & Chemical Corp. (NOEC) nice pile of dung, but already reversed gains—too many bitter shareholders!
South Texas Oil Company (STXX) got mentioned by newsletter with big big price target…reserve shares just in case
BLUE EARTH SOLUTIONS INC (BESN) as I mentioned yesterday, this could be a CNEX…another big up day, reserve shares to short if u can
MORGAN CREEK ENERGY CORP (MCKE) careful kids, it might be a shady little oil play, but its spike from $2 to $16 before, here’s hoping for a repeat!
Cardima, Inc. (CADM) As I mentioned yesterday, tough stock to short…let it do its thing, reserve share just in case
No positions other than HYHY, stalking the rest like a Tiger
