Hot Stocks: 7 Solar Stocks To Day Trade aka How I Will Short Them!
(SOLF)—up 50% in 5 days, solid resistance at $15, but solid earnings today means the short side is limited, although it’s tough to be bullish either…let’s see how the pattern plays out, I’ll update tomorrow
(SOL)—another 50% gainer within a few days, solid earnings gainer today, nice sideways action between $11.50 and $12, that’ll either turn out to be nice support or resistance, tough to be short until that breaks
(AKNS)—now up 75% off its lows, today the shorts got squeezed by a magazine article mention, now this is some news to short into—financial journalism is a total joke! Nice short into resistance at $8
(ASTI)—up nearly 100% now, got a nice investment form blah blah blah today, squeezed the shorts…until the last hour. Ideally it bounces tomorrow, but either late tomorrow or Monday, it’ll be a great short when it goes negative under $14
(CSUN)—put in a nice bottom just over $6, but the strongest solar rally and it only goes up $1, P A T H E T I C…not volatile enough for me
(SPIR)—up 60% off panic selling—in actuality, up 30% off solid sideways price action at $12…much less liquid than these other guys, resistance at $18, not sure it’s worth touching either way here
(JASO)—the realest of all these companies, up 4 days in a row, but only 20% (sucks to be real, seriously!) (volatility-wise) I’ll leave it alone, I prefer fake/fraudulent/hype-filled stocks, say hello to the social security-earning investors for me!
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 23 | MKTY | $4.73 | $5.40 | $187 |
| July 22 | MKTY | $4.10 | $4.28 | $240 |
| July 21 | ZYXI | $3.03 | $3.18 | $130 |
| July 15 | MNLU | $6.37 | $6.73 | $340 |
| July 11 | IDAE | $2.27 | $2.49 | $630 |
| July 8 | ERII | $11.29 | $11.00 | $162 |
| July 3 | TGC | $2.14 | $2.39 | $471 |
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| July 2 | TGC | $3.44 | $3.49 | $80 |
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1Steven
March 27th, 2008 at 8:56 pm
Tim,
A solar trading idea for tomorrow.
Steven
http://simpletrader.wordpress.com/
EMKR: Insider buying reported today
March 28, 2008
EMKR was recently mentioned negatively by StockLemon aka http://www.citronresearch.com/. The stock has taken a beating in the past few days. Because of CitronResearch’s report the stock likely has developed a big recent short interest.
Late in the day today, a director reported a big insider buying. http://finance.yahoo.com/q/it?s=EMKR
RUSSELL THOMAS
Director 59,200 Direct Purchase at $5.95 per share. $352,240
That is a big insider buy and will *likely* cause some shorts to cover. So EMKR will likely be a speculative ultra short term long trade. Longs will have more ammo especially if more insider buying gets reported. The stock is extremely volatile of late so be careful with your trades.
Disclosure: I have no EMKR shares and likely won’t trade it as I don’t quite understand the fundies. EMKR is touted of late as a solar play. So it is a volatile stock, but the odds look to be in favor of a short term long trade.
2timsykes
March 27th, 2008 at 9:09 pm
emkr is not a buy, don’t try to catch falling knives
3Noname
March 27th, 2008 at 10:22 pm
ahaha
4Noname
March 27th, 2008 at 10:23 pm
How is your butler doing? Haha…karma is good…
5Mike
March 27th, 2008 at 10:42 pm
Didn’t AKNS release earnings today?
6Noname
March 27th, 2008 at 10:48 pm
i’m a jerkoff spammer!
7MikeG
March 27th, 2008 at 10:51 pm
Booo Tim-hater. Stop wasting your life tearing him down. First of all, he’s not hurting anyone. Second, ya he’s failed before, but Tim doesn’t give up. And third, he’s just out there trying to have fun. SO please, find something else to do with your time.
8Mike
March 27th, 2008 at 11:06 pm
The original TIM, http://www.wired.com/wired/arc.....money.html They had a webcam on the trading floor, message boards, commentary blogs, posted all trades realtime, etc.
9timsykes
March 27th, 2008 at 11:17 pm
thanks for the link mike, too bad it didnt last very long!
http://www.bizjournals.com/san.....ily32.html
problem is they wanted to raise $ and i’m sure the SEC wasn’t too happy, i’m just fine with my own $, taking my fees through product sales
10Steven
March 28th, 2008 at 6:20 am
http://simpletrader.wordpress.com/
CRUS: Gets an upgrade
March 28, 2008
1)Today, CRUS gets an upgrade to BUY from Thomas Weisel.
Thomas Weisel upgraded shares as they believe Wolfson Microelectronics’ contract bid loss with a major tier-1 customer signals potential share gain for CRUS in the portable media player segment. They raised their target to $8.00 from $5.50 on the news
2)Yesterday, Jefferies came out with following report on CRUS.
After Wolfson said its audio solution will not be used in a nexgen Tier I portable audio player expected to be released in Q3, Jefferies’ checks suggest CRUS likely won the audio sockets in the nexgen Apple iPod nano and touch. They estimate this opportunity conservatively adds $10M-15M in incremental revenue for 2H08. Shares remain Buy rated
Story: CRUS is a value stock with no debt and has almost 3$ per share in cash. Stock traded down to 4$ earlier this year as it slightly missed revenues & options backdating issue was on overhang. However, despite tough market conditions, stock is now in a strong uptrend likely because :
1) Company is executing aggressively on its announced 150m$ share buyback.
http://blogs.barrons.com/techt.....od=BOLBlog
2)Options backdating issue was resolved without any penalties.
http://blogs.barrons.com/techt.....hoobarrons
3)Insiders bought a boat load of stock.
http://finance.yahoo.com/q/it?s=CRUS
4)Famed investor George Soros took a big position in CRUS.
http://seekingalpha.com/articl.....rrus-logic
Recommended Action: Add CRUS to your watchlist and trade on any pullbacks.
11Steven
March 28th, 2008 at 6:25 am
Hi Tim
CRUS gets an upgrade. I have a writeup on CRUS on my blog site.
Steven
http://simpletrader.wordpress.com/
12Tony Ellis
March 28th, 2008 at 8:12 am
REED squeeze potential!
13timsykes
March 28th, 2008 at 8:13 am
REED up 40 cents premarket, gotta love the squeeze, gotta have more balls to buy into the close on such strength even if it is a micropumper
14lmsmith
March 28th, 2008 at 8:16 am
I am on the same wave with you TIM… these stocks will eventually turn sideways and go down……. I use to be one of those solar longs wondering what the hell was going on, when I bought the damn stock when it was up- hoping the next day it will go up even more, Only to disappoint and go down……It is such a trend….just waiting for the perfect time to Short these stocks, especially AKNS
15timsykes
March 28th, 2008 at 8:18 am
reserved shares of REED and ASTI, no AKNS…goood I’m sleepy I dont want to have to short all these plays same day….big lunch meeting also gonna be interesting to fit this all in!
16Tony Ellis
March 28th, 2008 at 8:21 am
you read my mind…I’ve reserved all three also.
17tsa
March 28th, 2008 at 8:25 am
I am short in premarket on REED at $4.80
18Jay
March 28th, 2008 at 8:30 am
How could you leave ESLR off this list…This one is easy.
Take a look at an apparal stock…JOEZ. It seems like something you would have a comment or two on.
19Tony Ellis
March 28th, 2008 at 8:33 am
damn…should went long REED at 4.6
20timsykes
March 28th, 2008 at 8:44 am
short 1,000 REED at 4.75
21tsa
March 28th, 2008 at 8:54 am
Covered on REED, wait for another spike to short again
22timsykes
March 28th, 2008 at 8:55 am
out at 4.45, gotta take advantage of the morning dump, especially with a lunch meeting, nice and easy $300 profit
23Al
March 28th, 2008 at 8:58 am
BPAX - how about shorting this?
24timsykes
March 28th, 2008 at 9:01 am
yeahhhh tsa, how great is this game, also watch BPAX, if i wasn’t gutless, i’d be long that pumper!
25tsa
March 28th, 2008 at 9:01 am
BPAX increased yesterday, today again, I won’t short it today, wait for another day
26timsykes
March 28th, 2008 at 9:02 am
haha yeah Al, i’m doing something right u guys know where the plays r at!
27Tony Ellis
March 28th, 2008 at 9:18 am
ASTI, may have to raise my sell short limit order @ 20.
28tsa
March 28th, 2008 at 9:21 am
Hard to be filled on REED now, very few lots exchanged, I am obliged to hide mines and to play few at each time.
29Gary
March 28th, 2008 at 9:25 am
Hey guys SYBD taken the DUMP!
30Gary
March 28th, 2008 at 9:27 am
OH…maybe NONAME should learn how to cut and paste!!!!
31timsykes
March 28th, 2008 at 9:41 am
reshort REED at $4.50-ish, too tough to stay green/go up big on the 3rd day of a big runup, fading volume, big sellers all above…Friday squeeze still possible, but I like my chances here for a 1-2 day hold
32Al
March 28th, 2008 at 9:44 am
WH - three day double top
33timsykes
March 28th, 2008 at 9:46 am
no WH is still up on the day, a double top when a stock goes down! thats like somebody calling a doubletop on BPAX yesterday and look what happened there…gotta short into weakness on strong stocks, not strength on strong stocks cuz they go further than u think
34Al
March 28th, 2008 at 9:48 am
Tim,
That was me yesterday. Thanks again for the lesson
35Davey
March 28th, 2008 at 9:49 am
How many shares did you reserve this morning, I’ve been trying all day to get shares of REED but TOS says they have none today.
36lmsmith
March 28th, 2008 at 9:49 am
Any one still holding their REED Short? Looks like it’s tanking
37NeilTheRealDeal
March 28th, 2008 at 9:50 am
tim, around where are you looking for an exit point with reed?
38timsykes
March 28th, 2008 at 9:54 am
gotta get up early and reserve your hard-to-borrows, i got mine around 8am…
just covered half at $4.29, lunch meeting, cant risk it
39Gary
March 28th, 2008 at 10:01 am
Timmy’s got the in on shorts. Good call on REED…wish I could find shares to short! This rate your on your way to 25k :)
40timsykes
March 28th, 2008 at 10:04 am
Covered other half of REED at $3.88!!! AWESOME AND PREDICTABLE
$17,360
suck on that haters!
41lmsmith
March 28th, 2008 at 10:18 am
Covered Reed as well……… Tim… I am waiting for you to hit 25k, patiently…..
42Sequoia
March 28th, 2008 at 10:25 am
Sorry if my question is stupid but what is all that fuss about the 25K barrier ?
Thnks
43Gary
March 28th, 2008 at 10:41 am
This is cut and paste off my fav site (execpt your timmy, your the best): http://en.wikipedia.org/wiki/Daytrading
“Pattern day trader is a term defined by the SEC to describe any trader who buys and sells a particular security in the same trading day (day trades), and does this four or more times in any five consecutive business day period. A pattern day trader is subject to special rules. The main rule being that in order to engage in pattern day trading the trader must maintain an equity balance of at least $25,000 in a margin account”
Really what this means is, until you have 25K you can not buy and sell stocks the same day as many times as you want…or your account will be freezed!
44tyler
March 28th, 2008 at 10:46 am
would you re-short REED again if it spikes a little more or would you not touch this stock again.
45Sequoia
March 28th, 2008 at 10:50 am
Thanks Gary !!!
That rule is amazing. Here in France we can do whatever we want. And I read Tim saying that he was borrowing titles to short them later in the day. In France we have a list of about 170 stocks which are authorized to shorting. Yes, that’s a “short” list to short :-)
Very instructive here about trading the US market.
PS : ordered my Tim Sykes Hedge Fund book this morning on Amazon.
46lmsmith
March 28th, 2008 at 11:04 am
SOLF Down trending….so like itself
47tsa
March 28th, 2008 at 11:26 am
I did a good move, short on HALO 4,000 sh at $6.51 but covered to early because it decreases again….
48Joseph
March 28th, 2008 at 11:30 am
Tim,
How come you don’t get in trouble for breaking the rule? I don’t know how many times you’ve been breaking that rule, man. I’m not hating but I just don’t understand how the rule doesn’t apply to you
49manhack
March 28th, 2008 at 11:31 am
short from 6.69 yesterday. May cover on any big dips since I have to leave the house.
50lmsmith
March 28th, 2008 at 11:56 am
anyone followed suit and shorted SOLF??? It’s going down lovely… at least another .50