Kabam!

Watchlist 11/24/2009 – A real hodge podge of odds and ends.

Posted on 24. Nov, 2009 by tim in Daily Watchlist, Finance

Full List With Yahoo Quotes

ABIO

Up on positive drug news, so dangerous to short, but big pop in the morning then a nice afternoon fade. Had it not been for a little tape painting late in the day the chart would have been near perfect for a short. Lot of chatter on the message boards on this one, you can feel the desperation emanating from the longs. More fading could really induce some selling, especially if it cracks back under $4. Short

CRIS

A lot of the sites I follow are calling this as a long. As terrible as I am at playing them I can at least spot the setups from time to time. While there is about a 5% chance I will play this, it is indeed a breakout over all kinds of timeframes. LONG

CWST

I’ve tried playing this trashy company, in the past and never had a good point to enter. No shares to borrow, but I’m curious to follow it. Popped around a dollar in one day on no news I can find. SHORT

DRAM

Since I have finally decided to move on from NLST, I decided to go after this bastard cousin of it after a prominent newsletter put out an alert. I was not going to play it until it trickled sideways most the day and I was able to get in at a decent price. Not feeling super confident, but it may be good for a scalp. SHORT

GRO,SEED

I’ll put these two together, but SEED had real positive news, and GRO probably was just propped up by that. Attempted a fade of SEED but it was just waaaay to strong, it may continue to run today since it finished very strong. GRO is on watch for short since it really started to fade late day. SHORT

Review from yesterday:

GGR

I’ll call GGR an “ok” short, it opened at $2.80 and quickly dropped like a stone to $2.2, so would have been very difficult to trade. But volume really dried up and it finished more or less on the lows of the day, so good chance for some continuation today.

GGWPQ

There was no play here at all, good thing is it never had any sort of fakeout either, so at no point should a short position have been taken.

NLST

Finally this stupid thing had the big down day, to bad I was not there to enjoy it, shares were dried up yesterday but if you had held a position from late Friday you would have been rewarded nicely!

SOLF

Technically this did go down intraday, but no clear play, waaay to choppy to even bother. I had actually forgotten it was even on watch till just now.

TTIL

While not a huge win, I’m pretty bummed I didnt play this, when it cracked $2 it went down and faded real nice and easy all day. Not huge percentage gain but would have been a total auto pilot short.

Tags: ABIO, cris, CWST, DRAM, GRO, SEED