Lots Of Fish In The Sea But Only Toro For Me
Posted by Timothy Sykes on Mon 28th of Jan, 2008 04:06:42 AM
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TIM $14,027, Down $13 on the Day, Short 300 BJRI @ $15.46ish.
Shorted 300 BJRI at $15.46ish around 3pm because it fell back down perfectly after its predictable mid-afternoon bounce to $15.75. That bounce only occurred after it broke the key $15.50 level (after failing 4 separate times), so imagine my relief that even with all the late day buying and the market surge, the stock finished below this key intra day level.
That’s right kiddos, this is a solidly bearish close and I’m looking for a retest of today’s lows ($15.15) If it can take that out and maybe get enough panic selling near the open tomorrow, we might be able to take out the hugely important $15 level, a price where there’s sure to be plenty of stop loss orders and there’s no support until $14. I doubt it’ll get that far tomorrow though, for all its solid price action, this is def. not a perfect play—it’s too expensive, not volatile enough and it’s not up enough off its lows. Cover if it holds past $15.80, but the probable profit of $100 (at $15.15ish) doesn’t even make it worth my time—I wish there was some $1-5 stock acting right, but I didn’t see any.
And no NYNY, despite all the message board chatter about a buyout—which is possible, but not very predictable, kind of like seeing a unicorn—does not qualify because its price action sucks.
Big Percent Gainers, all of which are nicely lined up here:
ACOR is an oh so solid 2-year breakout (some exponential FDA movers never come back down, at least not for a while), I like the intraday bottom at $26, not liking the intraday double top at $27.50ish/slightly negative afterhours action, until it breaks that price, I’d avoid it, buy only on the breakout and be careful/weary of fakeout breakouts.
NOVA is looking like a good short soon, I want more upside first though, if possible.
CBLI broke its chart wide open today, up big, no resistance until $6, so even though it’s doubled, I’m long biased, probly will buy some if it breaks the high at $4.83 if the volume is there as it could then take out $5, where lots of shorts stop losses are (remember stupid investors use big fat round numbers, just like $15 on BJRI) and we could get a quick morning surge to $5.20ish a nice $400 gain on 1,000 shares. Or it’ll go negative without any news. Or it’ll be a little negative with an intraday spike and I’m not sure how powerful that’d be, so I’ll probly only buy on a morning or late day spike.
WSCI continues its hard fought breakout, shorts or longs will give up soon, just gotta wait for a break in sideways action, if it ever comes, to tell us which one.
WCI at $4.50, now triple where it was a few days ago and resistance is at $5. Scary to short a loan/finance stock.
CWTR and SPC, I’m gonna short you, you little retail bitches…soon, gotta make it worth my while and go slightly negative first, gotta be careful you aren’t bottoming like your brethren CHRS and PIR, which are breaking trendlines, shameful! (If I wasn’t such a cynical idiot, I’d have bought into PIR’s breakout today at $6, wow what a sweet monthly breakout, didn’t even see it coming, pathetic, gotta stop working so much on my new site!).
Remember good ole’ QSC, getting close to breaking trendlines, oh, but not with today’s strength.
Don’t short beaten down banks like FBC and BPOP, it’s painful.
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 19 | AENY | $2.80 | $3.02 | $1148 |
| Nov 18 | NLST | $4.16 | $4.40 | $947 |
| Nov 18 | IMGG | $1.42 | $1.64 | $2094 |
| Nov 17 | NLST | $5.04 | $5.59 | $2195 |
| Nov 13 | VRMLQ | $21.50 | $22.97 | $2901 |
| Nov 11 | EONC | $2.61 | $2.80 | $687 |
| Nov 10 | EONC | $2.74 | $3.36 | $9784 |
| Nov 6 | QXM | $4.31 | $4.80 | $1936 |
| Nov 4 | COT | $8.66 | $8.88 | $642 |
| Nov 4 | QXM | $4.61 | $4.89 | $822 |
| Oct 30 | DDRX | $25.70 | $26.53 | $812 |
| Oct 29 | CTDC | $4.00 | $4.42 | $781 |
| Oct 26 | AWSL | $3.24 | $4.10 | $2516 |
| Oct 23 | RODM | $5.27 | $5.23 | $301 |
| Oct 22 | AMLM | $2.69 | $2.97 | $820 |
| Oct 22 | USEG | $6.12 | $6.09 | $85 |
| Oct 20 | CBOU | $8.93 | $9.06 | $243 |
| Oct 16 | VRMLQ | $16.79 | $18.65 | $2773 |
| Oct 13 | YONG | $11.05 | $11.66 | $1202 |
| Oct 13 | NPHC | $0.59 | $0.71 | $583 |
| Oct 12 | IMGG | $0.60 | $0.70 | $682 |
| Oct 9 | ZAGG | $5.50 | $6.10 | $2380 |
| Oct 7 | GVBP | $0.03 | $0.27 | $702 |
| Oct 1 | NPHC | $0.70 | $0.85 | $1482 |
Total: $98,094 (681%)
