NEWSFLASH: WSJ Reporting
Mark Cuban gets charged with insider trading on Mamma.com, now Copernic Inc.
(CNIC) Hahaha, this is my territory with the sketchy PIPEs and volatile
stocks–anybody remember good ole MAMA? Methinks he better settle, I remember his
involvement was weird….
GENT has the typical horrific chart I look for in potential shorts and has
tripled off its 30 cent/share lows, but the $15 mil marketcap is too low,
there’s no real resistance until $2 and its illiquid…Uhhhh, I want more
strength/downside potential before I short it
FCMC jumped 150% in the last hour Friday after barely trading for the past
month…probly due to this confusing quarterly
report…I’ll watch from the sidelines for now
FNDT has a chart only the mother of a falling knife could love..a business
(software for financial institutions) that could literally fall off a cliff and
has bounced a bit off its $6 lows to the mid $8s…I’m definitely going to try to
reserve shares to short if there’s anymore strength or an afternoon fade
setup….oh wait, it’s easy to borrow, reminds me of HSNI so be careful
FONR jumped from under $1/share to $3.5 on Friday, some loser offered
$5/share for the company and got no replies…good way to pump up a piece of crap
stock, very smart people… They better hope they didn’t
sell/sell shares short into this PR or else there’s gonna be busted by the SEC
quicker than I’m getting TIMalert
signups…I’ll try to reserve shares to short
FRD has a falling knife chart and one up day, but its probly due to
earnings…I’ll sit on the sidelines for now
FUQI broke through one year support, but reported good enough earnings to
break back above that key level of $6…if it dips below it again, I’ll consider
shorting
MRN has bounced form 40 cents to 70 cents…not a big enough jump to make me
short…yet
NAEN is the latest blatant manipulated stock, finally! Let’s see what these
pumpers can do, so far, it’s been pretty boring.
OPTR is bouncing back to its recent surge highs, validating why I don’t short
these in the first place…good news does matter and I’m not a good enough timer
to short something that doesn’t stay down.
WMG was my #1 potential short Friday, I had almost all morning to short when
it was only down 30 cents on the day, hesitated, wanted afternoon fade…stock
dropped $1/share…
I shorted WMG today, holding until tomorrow, up $850 so far.
Excellent play.
Thanks for the tip.
-wilbr
DFT is a hardhit bugger that has had its first up day, jump more and I may
get interested, but not yet
PERY tumbled Thursday on poor earnings guidance, but rebounded on Friday due
to bottom fishing…whom to believe, the trend says down, but gotta respect
spikes…I’ll look to short into further strength
