SCLN continued its "breakout" attempt, hanging around the $4.30-$4.40 range ALL day…boooooring, amazingly its even more boring than CHINA when it was trying to break down a few weeks ago, you'll see this happen a lot in August, and especially on real companies, still a potential buy if it can ever get over $4.50
SPDE re-announced more of their same news…this company is such n obvious scumbag, when the stock spiked form $2.75 to $4+ before 10am yesterday, it was good for a quick short, but since it hung around $3 all day, I didn't want to be bored to death like SCLN and try to make only 25 cents/share, not worth my time/the risk…ALWAYS look to short this stock into quick spikes from now on
RTK continued fading to $2.10, but only down a few cents/share on the day, boooooring, maybe this is just healthy consolidation until their next hype-filled press release…question is how long until that day, methinks this stock will trade like HEB, lots of fading price action permeated by a few quick spikes, tough tohld for any long period of time, next!
JEDM tanking 25%+ to 13 cents/share is not a surprise at all…it just stinks that there were NO shares to short or else this would be easy $…remember this pattern, this is the ideal one to short, obviously just gotta find shares to short and yes, it can happen, just not every time…please adjust your expectations, next!
Reddy Ice Holdings, Inc (FRZ) is most certainly not boring, it was a great buy mid-day on the breakout at $5, I just didn't think it would actually do it (stock is up from the mid-$1s in July)…goes to sow you need follow the chart/price action and not have any pre-conceived notions…now at $5.73, it's still a potential buy for the brave (not me), no real resistance until mid $7s
BioNeutral Group, Inc. (BONU) is a pure pump & dump, up from 25 cents/share to 75 cents/share in just a few days, miracle technology yeah right…I've heard it a million times before, this is a huuuuge potential short, but lets pray company insiders pay more stock promoters before the inevitable end to get this over $1/share
8×8, Inc. (EGHT) jumped 38% on 3 million shares from 75 cents to $1.05 without any recent news. Most of the move happened after 3pm, so methinks traders are trying to push this up to get out today, longterm resistance is right at $1, potential short
Willdan Group, Inc. (WLDN) jumped from the $2ish range on huge volume to $5 by 11am yesterday, entirely due to its $67 energy efficiency million contract win with ConEd. Huge news for just a $10 million company (now $27 million)…but the stock faded throughout the day to $3.75, support at $3, this is not a short nor a buy here, just a stock to watch, could be the next RTK with daily fading and quick PR-related spikes
Vonage Holdings Corp. (VG) is for TIMalert subscribers ONLY!