Watchlist – 11/16/2009 – Some nice setups today!
Posted on 16. Nov, 2009 by tim in Daily Watchlist, Finance
CNIC
Wow these guys are still around?!?! I think the only interaction I have ever had with Copernic Super Internet Desktop installed on E-machines about 8 years ago! Of course as I say that, I try and visit their webpage and get “Page Cannot Be Displayed” I think anytime you cannot pull up an internet plays webpage it may be a good indicator to short 
ENOC
It took a week but looks like the piece of trash will finally break down today. I took a small position on Friday, if it doesn’t tank right out of the gate I will cover. I like the longterm potential for the short, but I had anticipated a big drop through $2.50 and it didn’t happen, so this could get real boring real quick. SHORT
IMGG
Huge drop on Friday, that really looked like a crash into the ground. It actually bounced late day, but that looks to me like just a death rattle. Chart looks VERY sick.. SHORT
NLST
I shorted into what I thought was fading action Friday, but made two dumb mistakes, first it never went red and second, shorting it mid day. Either of those situations aren’t necessarily deal breakers, but combine them with a Friday short squeeze and you have a triple witch of pain. I was up on the position for a few brief moments but then quickly got squeezed. Serves me right, those are mistakes I KNOW not to make! But I’ve been on a pretty hot streak lately and hot gotten cocky. I guess that will happen from time to time, at least I cut my loss and didn’t participate in the BIG squeeze, late afternoon it completely BLEW UP! Now its for sure back on my short watch, but I will be very careful. I know it really has no bearing but when it comes to losses once bitten twice shy, I tend to try and stay away from my previous losers. I think my thirst for revenge has created more losses in the past. So I would really like to short it, but I may just watch and learn. SHORT
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