SCLN is just as boring and frustrating as CHINA was, but unlike china, this one is holding above technical support at $4.50 (CHINA never really broke through support at $2.70 in any convincing fashion)…this makes SCLN a potential buy, but volume needs to get up to try to break the previous high of $4.84, or else there’s risk of a double top here in the mid $4s.
VG I gave time for a morning panic, but when it cracked through the other day’s low of $1.82, I thought there wasn’t much to fall due to the big buy blocks beneath…well, I coulda shoulda would stuck to my original goal of covering my short from $2.27 between $1.25 and $1.50, the mean of those two numbers being the EXACT closing price (weird coincidence)…but I took a solid profit and didn’t risk it being a fakeout breakdown at $1.80, $1500 profits makes me feel not so bad…possible more downside, but also possible spiking so it’s on watch for another short, ideally into a fakeout breakout low-volume spike
BONU is a stock promoter baby…50 cents/share to $1.50 in a few days, it’ll end up like other pump & dumps, UOMO, CVRG, NENE, gotta find shares to short!
YMI has a lot of TIMalert subscribers shorting it, but I don’t like shorting stocks only up from $1 to $2, especially biotechs…chart looks good for a 15-25 cent/share drop, but then there’s some technical support…not worth the risk/my time on such a boring stock…find my the anti-boring stocks like VG!
DRJ is a company with a horrific longterm stock chart whose stock has just tripled from 50 cents/share to $1.50 on the backs of several fluffy press releases naming big names brands in a similar vein to my old friend CYGT…CYGT did have those big name contracts, but went bankrupt due to management incompetence/skeletons in the closet…I have little doubt DRJ is in the exact same boat and on the upcoming PennyStocking.com to be launched in October, I’ll be writing huge research reports for situations exactly like this…potential short
SPNG keeps uptrending, up a penny/share to 21 cents/share, but the volume is fading despite rabid stock promotion by suckers and manipulators…don’t believe a word this company says, premium TIMresearch will be an option on the new PennyStocking.com and we’ll have massive reports on exactly why companies like this are such scum, for now this is just my opinion backed by my ridiculous track record…I’ll be looking to short this if the stock ever does anything but bore me and anyone else not drinking the Kool-aid
IMMU dropped below the key $6 support from the other day in the morning on Friday, but it was just a fakeout (as often happens in the morning), but later succeeded in the afternoon, closing at $5.77…nice technical breakdown, but like Greeks bearing gifts, beware of Friday afternoon breakdowns…they are often manipulated to appear perfect…potential short, but be careful of spikes
AIG kept going, confirming the breakout, coulda woulda shoulda bought when it broke above $45…risky, but given my increased account size, I can afford to take on a little risk…next time, now the stock is in no man’s land (not a buy or short since the signals are conflicting)
DLYT is a sketchy OTCBB stock that has jumped form 20 cents to 70 cents/share in 2 days on news of a $200 million Chinese nanotech contract…do I believe the news? Hell no! Even after the runup, this is just a $13 million contract, penny stock promoters would have you believe this is a revolutionary company, I know the odds better than that…obviously, there’s a chance that this is real, but I’d put those odds at under 5%…just watching, not up enough to short such an illiquid sketchy stock.
