The market tried to go lower yesterday, but the dip buyers were out in full force…really wish they’d just let this thing go, below 7500 on the Dow and we could see 5000 or 6000, that’ll be capitulation…not this crap. After weeks and weeks, of steady opportunities, there’s not one single great setup today…that’s fine.

Don’t force opportunities when they aren’t there. That’s the secret to successful PennyStocking. Take a day off and do something with your kids/friends/mates…seriously, you don’t get many days off in this business, cherish it.

Here’s what I’m watching:

CLWRD was a nice double from $4 and I thought about shorting it, but it broke above prior resistance and the overall market being the way it is, no thanks…dropped 25% proving me wrong for my worrying ways, no guilt here, dropped too quick for an alert anyway.

PRFT is a first day winner from $3 to $4, I’ll be watching for further strength to short into.

RMBS finally went red on the day, faded perfectly, broke the morning bottom, but I wasn’t tempted in the least because it’s not a true pump and dump and its chart is choppy. No thanks, too many shorts circulating, makes me think there’s one last short squeeze

CRMT is up but its on earnings, makes it irrelevant to me

SAH just keeps going higher, making me happy I got out…really gotta learnt o exit if a stock can’t take out support…because now you see what a short squeeze for those stubborn shorts looks like.

SRI is an even better example of what happens when a breakdown attempt fails, tried taking out $3.50, bounced higher…mini-short squeeze.