Kabam!

Watchlist 11/29/2009 – Nothing outstanding to short today, but who knows?!?

Posted on 19. Nov, 2009 by tim in Daily Watchlist, Finance

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AENY

Lot of guys buying this breakout, and I was alerted to it, but I was away from my computer and even if I was ready, I doubt I would have bought it. Like I have mentioned hundreds of times I’m just not that good at buying breakouts. Its a real piece of trash company that just changed its name so in my opinion this runup is entirely momentum based. I don’t see anything that they are doing different to justify a 600% pop. No borrows out there so it would be great to see this run to $4 or $5 and squeeze out all the shorts so I could get in. But being a new issue, who knows, borrows will probably be tough to find forever. SHORT

ALKS, NABI

Couple crappy biopharmas that popped yesterday. Doubt I will play unless they completely fall apart late afternoon. Mostly watching out of curiosity, ideally learning something. SHORT

NLST

I tend to really get annoyed when stocks continue to linger on my watchlist, like drunks that won’t leave a party, I tend to want to throw them out on the street. My only thoughts are that if it weren’t for an early short squeeze yesterday morning this stock would have cracked $4 and fell to pieces. Right about 11AM it rolled over and started to look very nice but then held up in the $4.80’s. I’m confident it will fall over at some point, but much like the drunks in my party analogy, it seems to be awfully resilient. SHORT

QMM

Probably not enough downside on this crappy exploration company, 10 employees, based in Vancouver etc. etc. But there are shares out there and it is the type of chart I look for. SHORT

SALM

I had this as a short yesterday, much like NLST it squeezed hard in the morning then settled right back under $5, support all over the place, but I would be interested to see what it does late day if it lingers under $5. SHORT

Yesterdays Review:

IMGG

Nice drop out of the gate, but then a bounce, if you held all day it ended up on the low of the day. But awfully slow.

irog.ob

I had this as a breakout/promoted play, it went up, but mostly gapped then a meager 5 cents or so. NO THANKS.

PXLW

Dropped just a smidgen, I do like the daily volume drying up, but from the looks of it this is just going to be boring. Off the list.

ZOOM

I REALLY wanted to play ZOOM yesterday, in review I’m somewhat pleased I didnt, while shorting it at $8 was a decent play, it was so choppy, it would have been very tough to pick an exit spot. I do like how it stayed under $8 pretty much all day. So had I taken a position I probably would have held into today. Curious to see where it goes from here.

Tags: aeny, alks, gnv, irog, nabi, NLST, qmm, salm