Suck On That You Naively Optimistic Investors!

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These are the days when my quick trading strategy really gets ahead and why even with my severely flawed trading, I’m still better off than long-term investors, all of who are losing their shirts today. Gotta stay conservative, me thinks there’s a ton of downside.

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(AMEX: NG) – sold my 500 shares for a 9 cent gain (got the best bid of all pre-market!), then the company announces news (already reported by Reuters yesterday) at 9:30am today, stock spikes 50 cents to $11, falls back down and then goes up $1.50…sure, I was right, but gold was iffy, the market was way down, I took no chances. Good low risk trade and I get $40 as a prize! TIM Lesson: You can’t predict news, so don’t try.

(Nasdaq: AKNS) – what can you say, solar is hot, this is the play of the week, expect the unexpected. I shorted 300 shares into the morning spike at $14.86, risky, but I gotta start taking some risks, timing was off, but I figured I’d be okay since the Dow was down 200+, covered in a nerve racking 3 hours at $14.55 for a nice $90 gain (it was a day trade shhhhhh, let’s see if my account gets restricted), too volatile for me, definitely couldn’t risk a late day squeeze, aka why it’s so necessary to wait for the afternoon fade – gotta remember, TIM Lesson: The hottest plays move independently of the market, don’t short until they fade to negative on the day because anytime before then they are prime short squeeze targets. (Validated for covering with a late day squeeze, probable strength on Monday)

(Nasdaq: SYNA) – ouch, that’s the worst, right when you think the stock is bottoming, it breaks down to a new low…uh yes, that’ll be one order of short sellers delight, please!

(NYSE: IHP) – remember I featured them here a few days ago, ohhhhh, that’s right, you guys saw their restaurants empty, now it’s bounced 20% before fading in an ugly market. TIM Lesson: Business reality is irrelevant, perception matters more and when that goes out the window, all you have left are chart patterns!

(Nasdaq: NEON) - thought about buying for probable gap up on Monday – good PR today about them introducing their new touch screen phone at CES next week and in the US sometime this year, could run fast, but can’t risk a nasty market open on Monday.

(NYSE: CC) – another one I wanted to buy at the close on strength, but can’t risk Monday open.

(Nasdaq: SEED) – different stock, same story as CC and NEON.

(Nasdaq: DSTI) – shorted 700 shares at $6.50 right before the close, yet another crappy solar play up a ton over the past few days, volume fading/first down day, target $6, can’t believe these solars are holding strong, c’mon Black Monday!

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