Pennystocks to look are here
pennystocks
Showing posts with label pennystocks. Show all posts
Showing posts with label pennystocks. Show all posts
Tuesday, May 26, 2009
Tuesday's preperation
I think time came, for what I wrote in the middle of March. Crowd follows after the promises of government. But now Fed changed its view to an economic and decline their forecast for this year. They expect lower GDP, higher unemployment. The same did Russian goverment. They expect big whole in a budget for 9%. This rally also was supported by a good earning from US companies, analytics upgradets, but its over already. Big possibility that we will see GM bankrupcy soon, banks will not be able to increase their results. On the technical view all is simple. Now we see double top on the major indexs and i expect that major support region 880 @SPX will be broken today. Now we have very interesting situation with North Korea. In which measureas the conflict of world public with them serious? Maybe they just joking with their misseles? :-) . Maybe we have possibility to by Korean stocks and this all is just a panic? Big hegde fund i think must have nice geopolitic for this situation :-) . Maybe we have arbitrage possibilities to short american soldiery companies and buy korean stocks?
17:00 - CB Consumer Confidence can give some impulse for market.
My stocks to look and trades look via twitter. Link to my page at left side of the blog.
Wish you luck today!
17:00 - CB Consumer Confidence can give some impulse for market.
My stocks to look and trades look via twitter. Link to my page at left side of the blog.
Wish you luck today!
Friday, May 22, 2009
Friday's preperation
As I am writing this words (14-55 Kyiv time) , S&P index climbed more than 1.5%. This growth explained by good accounting from Sears, rumors that GM can have another offers for their Opel and Vauxhall. Today we dont have more events, news , etc , that can be economic drivers. Only Ben Bernanke will have speech @21-00 Kyiv time. Will see hows US market will open. But now we can expect that trend could change only after 21-00. Todays market character could be range as on Monday we have US holiday . So traditionaly we see low volume on day like this.
First lets look for pennystocks
MRM - growth expleined by earnings. Its not the best pattern to play in pennystocks but lets just keep on mind this stock. Pennystock which reported good earning more often just keep its growth. We could by it on strong market plus if we have possibility to pot small stop loss on high breakout. Or on weak market we can look for sidemove to identify key level and short on its breakout.
NMTI - This stock grew, but had bad earning report + analyst upgrade. So no question that it is nice short. Look for 1.9 lvl breakout with good volume to short.
OGXI - we had news about drug of this pharmaceuticals company last week. Its nice short, but we still didnt see sidemove.
NGSX - this stock is some dangerous due its thin but fundamentally its nice pattern for sell. 4.5$ breakout.
Other stocks
Today we saw bad accounting from British Airways. We can expect that airways will weak today. CAL and DAL - maybe the weakest from this sector.
Another pennystock list to look pennystocks
First lets look for pennystocks
MRM - growth expleined by earnings. Its not the best pattern to play in pennystocks but lets just keep on mind this stock. Pennystock which reported good earning more often just keep its growth. We could by it on strong market plus if we have possibility to pot small stop loss on high breakout. Or on weak market we can look for sidemove to identify key level and short on its breakout.
NMTI - This stock grew, but had bad earning report + analyst upgrade. So no question that it is nice short. Look for 1.9 lvl breakout with good volume to short.
OGXI - we had news about drug of this pharmaceuticals company last week. Its nice short, but we still didnt see sidemove.
NGSX - this stock is some dangerous due its thin but fundamentally its nice pattern for sell. 4.5$ breakout.
Other stocks
Today we saw bad accounting from British Airways. We can expect that airways will weak today. CAL and DAL - maybe the weakest from this sector.
Another pennystock list to look pennystocks
Thursday, May 21, 2009
Thursday's preparation
As i am some busy with construction more long term portfolio, for today i brought next article from this blog . I cheked it . This guy prepared nicely. Today I will use his picks.
Wednesday, May 20, 2009
Tuesday's review
Looking for the gainers of premarket, i found an idea - to make basket from the top 5-10 gainers and short it due trading hours. :-) . Ofcoz , to do it , market have to weak or at least neutral. Maybe someone wanna to do statistical calculations to know is it work or no? Today again, stocks, which had positive background, gained on premarket, was trading in minus zone all day on mixed market. One of the exception - MS, which announced about money back to TARP. I traded nice on it. Here is screenshot.
And at once daily chart
I longed MS @29.04 when S&P was on way to the high board of the range. But we still had lunch time at US so havent enaough powerfull to brekout higher. Before the entering a position i saw that MS making my favorite pattern for daytrade - an ascending triangle. When lunch time ended, S&P was on the bottom of a range and began to growth. Then as we expected we saw a breakout on MS on large volume. S&P began to trade on high board of a range and MS grew higher and higher. I was not very happy to see this. Then S&P breakout key resistance, which pushed MS to 29.86 high. Next i saw this things. We made on MS small red candle with a big volume. This was good signal for potentional reverse. And as on every breakout i refreshed Dr. Bret tweeter and saw this "steenbab1:58 PM CT - Highs in ES not confirmed so far by IWM, XLF, XLV. We continue to see absence of signif selling in TICK.". So we could expect that this breakout was false. And really we saw this on market and traderfeed's twitter - "steenbab2:40 PM CT - Once again we see how the non-confirmed moves tend to reverse, continuing the range trade. Back l8r today.". I saw that MS made support @29.5 lvl, so changed stop loss order to 29.45. In really, when i expect false breakout i should close MS with a big profit. But i hoped, just hoped, that this non-confirmed breakout will push market higher. I put stop loss on MS in the way - if S&P will break support, only on this situation my stop loss will execute. Maybe this was not ideal from me, but even on this i am satisfied with this trade. I made another 41 pips of profit.
I had another small trade during a day, but it was not intersting. Just came a victim of false breakout @USB.
Also had new ideas on pennystocks. Wait for tommrrow udpates.
Also we made began to make speculative portfolio with active managment. I will also write some info on it.
Good night!
And at once daily chart
I longed MS @29.04 when S&P was on way to the high board of the range. But we still had lunch time at US so havent enaough powerfull to brekout higher. Before the entering a position i saw that MS making my favorite pattern for daytrade - an ascending triangle. When lunch time ended, S&P was on the bottom of a range and began to growth. Then as we expected we saw a breakout on MS on large volume. S&P began to trade on high board of a range and MS grew higher and higher. I was not very happy to see this. Then S&P breakout key resistance, which pushed MS to 29.86 high. Next i saw this things. We made on MS small red candle with a big volume. This was good signal for potentional reverse. And as on every breakout i refreshed Dr. Bret tweeter and saw this "steenbab1:58 PM CT - Highs in ES not confirmed so far by IWM, XLF, XLV. We continue to see absence of signif selling in TICK.". So we could expect that this breakout was false. And really we saw this on market and traderfeed's twitter - "steenbab2:40 PM CT - Once again we see how the non-confirmed moves tend to reverse, continuing the range trade. Back l8r today.". I saw that MS made support @29.5 lvl, so changed stop loss order to 29.45. In really, when i expect false breakout i should close MS with a big profit. But i hoped, just hoped, that this non-confirmed breakout will push market higher. I put stop loss on MS in the way - if S&P will break support, only on this situation my stop loss will execute. Maybe this was not ideal from me, but even on this i am satisfied with this trade. I made another 41 pips of profit.
I had another small trade during a day, but it was not intersting. Just came a victim of false breakout @USB.
Also had new ideas on pennystocks. Wait for tommrrow udpates.
Also we made began to make speculative portfolio with active managment. I will also write some info on it.
Good night!
Tuesday, May 19, 2009
Tuesday's preperation
Due to TraderFeed's statistical analyses we can expect trend down to day. article . Also Dr. Bret said that guys from quantifiableedges and markettells to the similar conclusion due their statistical analyses. As i wrote some below, yesterday we saw strong trend up on light volume. So we can suppose that instutionals investors wasnt on the market yesterday and this up move wasnt important for a market in more long perspective.
Its came more realistic when todays market drivers were publicated. "U.S. Housing Starts Unexpectedly Fall to Record-Low Pace; Permits Decline"
Tim Sykes saying: "No trades on Friday due to my moving apartments…lots of potential plays due to stock promoters being back in the game biiiigtime…" So we really can expect a lot of good patterns in pennystocks for short.
LBAS - potentional short. Look for sidemove. This stock was up clear on manipulations.
BCRX, LBAS - pennystocks for short, but no good technical patterns do it now.
Stocks which are today's drivers. Positive news background before the marekt:
GS, MS, MGM
Negative news background - MXB, IVZ
When market will open, try to evaluate in what measure news in the market and if they have possiblity to move this stocks more up
Its came more realistic when todays market drivers were publicated. "U.S. Housing Starts Unexpectedly Fall to Record-Low Pace; Permits Decline"
Tim Sykes saying: "No trades on Friday due to my moving apartments…lots of potential plays due to stock promoters being back in the game biiiigtime…" So we really can expect a lot of good patterns in pennystocks for short.
LBAS - potentional short. Look for sidemove. This stock was up clear on manipulations.
BCRX, LBAS - pennystocks for short, but no good technical patterns do it now.
Stocks which are today's drivers. Positive news background before the marekt:
GS, MS, MGM
Negative news background - MXB, IVZ
When market will open, try to evaluate in what measure news in the market and if they have possiblity to move this stocks more up
Tuesday's night minds
I wrote a Monday's review below and now want to write some minds too.
A TraderFeed's quote: "Several traders that I interacted with today were not able to participate on the long side despite the fact that the stock market was strong throughout the day. When they explained their selling bias, they said things like, "I just don't believe we should be trading up here" and "There's no way we are going higher"". During US trading hours, trend dont change often. Maybe even better to say wave. We have maximum 3 waves in trading day. Often we have just one wave - good trendive day. So, why we trieng always to catch a reverse? My expirience saying that i have better results when i just trading on the past direction.
Another problem of daytraders - they make trades too often. Its hard to make new deals every day , but more hadder to make it a lot due trading day. Its not to hard to do analyses, to click on keys "buy" or "sell" . Its hard to keep realized good and to perceive patterns correctly, as you can do it not in trading hours.
A TraderFeed's quote: "Several traders that I interacted with today were not able to participate on the long side despite the fact that the stock market was strong throughout the day. When they explained their selling bias, they said things like, "I just don't believe we should be trading up here" and "There's no way we are going higher"". During US trading hours, trend dont change often. Maybe even better to say wave. We have maximum 3 waves in trading day. Often we have just one wave - good trendive day. So, why we trieng always to catch a reverse? My expirience saying that i have better results when i just trading on the past direction.
Another problem of daytraders - they make trades too often. Its hard to make new deals every day , but more hadder to make it a lot due trading day. Its not to hard to do analyses, to click on keys "buy" or "sell" . Its hard to keep realized good and to perceive patterns correctly, as you can do it not in trading hours.
Monday's review
Lacking any economic catalysts to begin the week stocks started the day off gapping higher. Volume tracked lower for much of the day indicating institutional players were sitting on the sidelines staying away from the action. It appeared the action was driven by short-sellers covering their positions. It was certainly disappointing to see volume come in lower on such a large percentage move on the indexes. At this point, a day with gains is nice but at some point we need accumulation to support this uptrend.
For my surprie, Ford was one of the weakest stocks in today's market. It closed only with +0.18% gain and traded for a long time in minus day during a day. Hmmm.. If u can explain this, write in the comments please.
My other pick to look for today was COT. I suposed that this stocks is much stronger then market. And really, we saw +8.31% gain but we didnt see good patterns to enter.
HEB - its really my winner. Gained +48%. Still waiting announcement about their drug which is expected this week.
VNDA - was another big gainer but we didnt see trading it @10$ region, so we didnt enter long on it.
Today i made a mistake with MGM. News was focused today on this stock. I entered @8.5 range breakout (for long position) but this breakout was false and MGM traded in downside range with small angle. Only after lunch it began to go with market and closed for +13.95%. Sounds horriblle but i didnt estimate, when i was enetering a position, that news about JP morgan upgrade, Kerkorian purchase all in market already. Stock gained for that moment 10% already. Even strong market couldnt to push it higher for a long time.
Today world perceived very good the victory of N party on elections in India. If i now mistaken Indian Stock Index gained nearly 20%. We have intersting situatin in Indian bank which trading on NYSE - IBN . No question that this was very tasty short on 30$ breakout. But even on weak market this level hold good. I waited for 30$ breakout to enter short and after lunch of it entered it and we could close this position on 29.29 in last minutes of market. But why we didnt do this thing during trading day. Why we did not buy at 30$ and sell at 30.5 region? We could profit doing this many times today.
We would have no troubles today with this powerfull up trend if we would just to listen to this expirience man on twitter - TraderFeed or to his indicators. Even looking to a simple tick we could made nice daytrading profit. Tick always indicated uptrend today. And today's moving up was confirmed good with sectors, indexes.
For my surprie, Ford was one of the weakest stocks in today's market. It closed only with +0.18% gain and traded for a long time in minus day during a day. Hmmm.. If u can explain this, write in the comments please.
My other pick to look for today was COT. I suposed that this stocks is much stronger then market. And really, we saw +8.31% gain but we didnt see good patterns to enter.
HEB - its really my winner. Gained +48%. Still waiting announcement about their drug which is expected this week.
VNDA - was another big gainer but we didnt see trading it @10$ region, so we didnt enter long on it.
Today i made a mistake with MGM. News was focused today on this stock. I entered @8.5 range breakout (for long position) but this breakout was false and MGM traded in downside range with small angle. Only after lunch it began to go with market and closed for +13.95%. Sounds horriblle but i didnt estimate, when i was enetering a position, that news about JP morgan upgrade, Kerkorian purchase all in market already. Stock gained for that moment 10% already. Even strong market couldnt to push it higher for a long time.
Today world perceived very good the victory of N party on elections in India. If i now mistaken Indian Stock Index gained nearly 20%. We have intersting situatin in Indian bank which trading on NYSE - IBN . No question that this was very tasty short on 30$ breakout. But even on weak market this level hold good. I waited for 30$ breakout to enter short and after lunch of it entered it and we could close this position on 29.29 in last minutes of market. But why we didnt do this thing during trading day. Why we did not buy at 30$ and sell at 30.5 region? We could profit doing this many times today.
We would have no troubles today with this powerfull up trend if we would just to listen to this expirience man on twitter - TraderFeed or to his indicators. Even looking to a simple tick we could made nice daytrading profit. Tick always indicated uptrend today. And today's moving up was confirmed good with sectors, indexes.
Monday, May 18, 2009
Monday. Preparation
Today we have monday and lets make a great trading week!
We begin with pennystocks picks
VNDA
- i wanted to short this stock with new drug on friday @11$ breakout. Technically it was very good, but i didnt understand fully a growth on new drug and also TimSykes , pennystock guru, here is his site was bullish on this stock. If we were short this stock, we could close with nearly 90 pips profit on 10$ region, but.. This stock was really stronger then market, it closed @11.15 and market , in general, were weak. So i think TimSykes were more right about this stock. As i understand we have a smooth process of promoting companies drug.. I am not sure really but i will try to enter long if we will have pullback to 10$ again.
COT - still stronger then market after earnings. Earnings changed from 0.28$ loss to 0.30$ profit. In general this is still strong stock. Lets just looking for it.
HEB is awaiting FDA approval on the drug Ampligen which is in orphan status. Investors seem to be buying in before the announcement which is expected in the next week.
Now market dont give us many good patterns in pennystocks.
F - Ford is looking strong after stock offering. This is potentional buy. Can find good entry point on monday. But more better i think to find weak stock with the same volatility to make hedge deal.
I am pretty satisfied how my hedge deal with shorting CSCO and buying MSFT are working. Now have profits in this deals.
Wait for updates!
We begin with pennystocks picks
VNDA
- i wanted to short this stock with new drug on friday @11$ breakout. Technically it was very good, but i didnt understand fully a growth on new drug and also TimSykes , pennystock guru, here is his site was bullish on this stock. If we were short this stock, we could close with nearly 90 pips profit on 10$ region, but.. This stock was really stronger then market, it closed @11.15 and market , in general, were weak. So i think TimSykes were more right about this stock. As i understand we have a smooth process of promoting companies drug.. I am not sure really but i will try to enter long if we will have pullback to 10$ again.
COT - still stronger then market after earnings. Earnings changed from 0.28$ loss to 0.30$ profit. In general this is still strong stock. Lets just looking for it.
HEB is awaiting FDA approval on the drug Ampligen which is in orphan status. Investors seem to be buying in before the announcement which is expected in the next week.
Now market dont give us many good patterns in pennystocks.
F - Ford is looking strong after stock offering. This is potentional buy. Can find good entry point on monday. But more better i think to find weak stock with the same volatility to make hedge deal.
I am pretty satisfied how my hedge deal with shorting CSCO and buying MSFT are working. Now have profits in this deals.
Wait for updates!
Thursday, May 14, 2009
Thursday's stock list (some adds already here)
I see that majority of my picks for short are trading in good down move for 1,2,3 even 4 days. Maybe it coz good falling market (but pennystocks dont much correlate with market overall), but anyway lets try not only daytrade but and holding more long term portfolio of my pennystocks short.
FITB - will not repeat again. This is old stock from last stock list's. We already know factors which moved this stock. Short 7$ breakout, target - 5,5$.
BAC - last 5 days this stock trading in nice smoth down trend. We can expect such style moving to 10$. Short 11$ breakout. Dont forget about market confirmation.
USB - our old friend :-) . This stock can show some strength in short term. It's CEO told that USB will be ready to move out from TARP program. Expect sidemove. Then can trade range breakout.
VNDA - be attentive for news on it. Especcialy about their new drug. Look for sidemove on it.
ETC - think stock. We can try to build 500-1500 shares position using limit orders. But wait for sidemove at first.
F - can expect filling range from 5 to 5.25 lvl on Ford. This autobuilder already attracted capital from own stock offering. F sold own stocks @4.75$. We could expect lower supply for short term period.
CLWR - look how it will be trading at 5$ lvl. POtentional short.
CCE - have to be stronger then market today.
CVLT - look on what price it will open. Potentional short on 10$ breakout.
SNE, WMT - will be weaker then market today.
FITB - will not repeat again. This is old stock from last stock list's. We already know factors which moved this stock. Short 7$ breakout, target - 5,5$.
BAC - last 5 days this stock trading in nice smoth down trend. We can expect such style moving to 10$. Short 11$ breakout. Dont forget about market confirmation.
USB - our old friend :-) . This stock can show some strength in short term. It's CEO told that USB will be ready to move out from TARP program. Expect sidemove. Then can trade range breakout.
VNDA - be attentive for news on it. Especcialy about their new drug. Look for sidemove on it.
ETC - think stock. We can try to build 500-1500 shares position using limit orders. But wait for sidemove at first.
F - can expect filling range from 5 to 5.25 lvl on Ford. This autobuilder already attracted capital from own stock offering. F sold own stocks @4.75$. We could expect lower supply for short term period.
CLWR - look how it will be trading at 5$ lvl. POtentional short.
CCE - have to be stronger then market today.
CVLT - look on what price it will open. Potentional short on 10$ breakout.
SNE, WMT - will be weaker then market today.
Wednesday's review
Today made hedge trade with buying MSFT and selling CSCO. MSFT - 1st time in history decide to offer own bonds and money from selling boonds MSFT will be use to buy own stocks. CSCO - not far ago reported bad earnings and as all technology are weak now. I entered when saw good technical entry points. The hedge was good and now this 2 trades are in plus zone.
DISH, CIEN, FITB - still holding this shorts. Closed NCS.
Today i saw an interesting situation on BBT. All day BBT trading up on a weak down market. It just was filling gap from 20.2 to 20.2. At 22.15 Kiev Time we saw a big divergations between falling market and our psychological indicators. We were waiting for up reverse. On chart of BBT we see 22.6 level wich formed during trading day. I decide to long from this level and was waiting for pullback. Also i needed confirm from our indicators on overall market. I was looking attentively on openbook to see if we have real support @21.6. The support was real , stock was strongly supported on 21.5-21.6 region. I entered @21.65. In 2 5min candles i saw 21.84 price but even didnt think to close. OVerally market was really oversold and BBT moved large up after even some up ticks on s&p. But then market made some down move and BBT closed only at 21.5$. I decide to close on this price on last trading minutes.
HPQ - trading on reverse. All stocks with big capitalization i trading only with market confirmation. On HPQ we saw downmove with lower and lower angle. HPQ was strongly supported all below 34$ . We could saw it on openbook. It was easy to play reverse trade. If u would be enough quick , you could enter @34.1 with targe nearly 38.2% from down move - 34.4. On this wave we saw only 34.35 high but anyway u could close with easy 20-30 points of profit.
DISH, CIEN, FITB - still holding this shorts. Closed NCS.
Today i saw an interesting situation on BBT. All day BBT trading up on a weak down market. It just was filling gap from 20.2 to 20.2. At 22.15 Kiev Time we saw a big divergations between falling market and our psychological indicators. We were waiting for up reverse. On chart of BBT we see 22.6 level wich formed during trading day. I decide to long from this level and was waiting for pullback. Also i needed confirm from our indicators on overall market. I was looking attentively on openbook to see if we have real support @21.6. The support was real , stock was strongly supported on 21.5-21.6 region. I entered @21.65. In 2 5min candles i saw 21.84 price but even didnt think to close. OVerally market was really oversold and BBT moved large up after even some up ticks on s&p. But then market made some down move and BBT closed only at 21.5$. I decide to close on this price on last trading minutes.
HPQ - trading on reverse. All stocks with big capitalization i trading only with market confirmation. On HPQ we saw downmove with lower and lower angle. HPQ was strongly supported all below 34$ . We could saw it on openbook. It was easy to play reverse trade. If u would be enough quick , you could enter @34.1 with targe nearly 38.2% from down move - 34.4. On this wave we saw only 34.35 high but anyway u could close with easy 20-30 points of profit.
Wednesday, May 13, 2009
Wednesday's stock list
*now i am using InvesterTech.com as a screener, coz dont filter for me stocks that have large gains/drop not on the last day period.. bug or what? doesnt matter.. using investertech now
IRF - company which announces bad q1 earning at 7May after market close. Now trading in range 13-14$. 13 or 14$ breakout of range. Trade with market confirmation.
DISH, CIEN, FITB, NCS - holding shorts from tuesday.
MNKD - This company had earnings on 4th May after market. Big sidemove and bearish pattern on D chart. Short 6$ breakout.
USB, BBT, COF - some of the weakest in financials.
F - will look for good enter point. Target 4$.
VNDA - we dont know is their new drug is so cool as stock perfomance. Look for potentional short.
BKUNA - news about acquireing company. Wait for real deal and look for news on this company.
TEN - stock from old list. Still have potentional to move to 5$ . Look to 6$ lvl.
CNO - 2.9$ breakout short. Reason of last grew - earnings.. so.. not very good pattern.
IRF - company which announces bad q1 earning at 7May after market close. Now trading in range 13-14$. 13 or 14$ breakout of range. Trade with market confirmation.
DISH, CIEN, FITB, NCS - holding shorts from tuesday.
MNKD - This company had earnings on 4th May after market. Big sidemove and bearish pattern on D chart. Short 6$ breakout.
USB, BBT, COF - some of the weakest in financials.
F - will look for good enter point. Target 4$.
VNDA - we dont know is their new drug is so cool as stock perfomance. Look for potentional short.
BKUNA - news about acquireing company. Wait for real deal and look for news on this company.
TEN - stock from old list. Still have potentional to move to 5$ . Look to 6$ lvl.
CNO - 2.9$ breakout short. Reason of last grew - earnings.. so.. not very good pattern.
Saturday, May 9, 2009
Building stock list for Monday
Think about the future, but live in real time :-) Anyway lets work and prepare some good patterns for Monday! Here some pennystocks for Monday. List will be upgraded with stocks for other trading styles.
MNKD - already posted a chart. This company had earnings on 4th May after market. It already hit all possible highs :-) , so lets look for a short. Ofcoz, when it one more time will hit 6.94 high thinking buy is not be good for this stock. So looking for 6.27 level breakout to short.
NCS
We closed on NCS at 7.5 high made by earnings. Now this stock in a good range. Lower board of range is 6$ level.
FITB
This stock had speculative growth after publicing stress test results.
Look to 8$ breakout for short.
AHD
Growth on 5th May due to earnings. Short breakout @2.75. But profit potentional are not high. Will see.
AXL
Grew 170% after DeutcheBanks upgrade. Short @4$ breakout.
HEB - grew after their medical preparat were approved. But do we have good potentional to go down?
TVL
Grew without news
HBAN
Grew with now news. Breakout @5$ short
LMIA
Last trade day earnings were realesed. Trading breakout of range.
COT
Grew 250% after earning relalesed on 1st May. Look for breakout @3.9 . Daily chart for better seeing here.
MNKD - already posted a chart. This company had earnings on 4th May after market. It already hit all possible highs :-) , so lets look for a short. Ofcoz, when it one more time will hit 6.94 high thinking buy is not be good for this stock. So looking for 6.27 level breakout to short.
NCS
We closed on NCS at 7.5 high made by earnings. Now this stock in a good range. Lower board of range is 6$ level.
FITB
This stock had speculative growth after publicing stress test results.
Look to 8$ breakout for short.
AHD
Growth on 5th May due to earnings. Short breakout @2.75. But profit potentional are not high. Will see.
AXL
Grew 170% after DeutcheBanks upgrade. Short @4$ breakout.
HEB - grew after their medical preparat were approved. But do we have good potentional to go down?
TVL
Grew without news
HBAN
Grew with now news. Breakout @5$ short
LMIA
Last trade day earnings were realesed. Trading breakout of range.
COT
Grew 250% after earning relalesed on 1st May. Look for breakout @3.9 . Daily chart for better seeing here.
List of a top pennystocks promoters
Global post
Found usefull sites about pennystocks
itradepennystocks
pennystocker
smallcapnetwork
thestockhound
collegestock
InterectiveBrokers should be the best broker for trading pennystocks as bloggers, newsletters write. There is a big list of pennystocks to borrow.
From Monday you can follow me on twitter, where i will write real time my trades and ideas - http://twitter.com/DmytrenkoArtem
Yesterday technology tradings
As last week technology was really weak by bad earnings from NASDAQ bigget companies, I looked to technology companies - AAPL, CSCO, HPQ. I saw nice level on AAPL @128 and decide to short it. Here you can see chart.
I had nearly 150 points of profit but didnt fix it. I saw a reverse at 126.20 region but didnt fix. I thought that AAPL will go again to 128 lvl and after that will move down again. But 128 lvl was broke. I must to fix in 126.5 region but didnt look to how market was strenght yesterday. Ofcoz, to trade big companies like AAPL need to compare real time market strength and AAPL price moving. If we looked to the S&P at that moment we should close this position with a nice profit. Its baby mistake. Should to build trading proccess more strictly to shut out this again.
Trading proccess
We have 2 trading styles running every day in one time.
1st - PennyStock trading
2nd - Trading stocks with intersting chart patterns
At 1st will describe PennyStock trading style
With finviz help we are screen stock with most % gain or loss. Better it works for gain, as pennystocks with big gain can be mostly good candidats for shorts but also we can find some good long daytrade opportunities.
If pennystock have big gain we research "why" this gain was made.
If the reason is really true and we didnt see very large move up before we can long this pennystock on breaking new high.
If the reason is false or we saw that this stock growth a lot with speculative money we looking for sidemove and short on the range breakout.
2nd trading style
For this trading style we are using 2 persons. We are looking as more charts as we can before the market to find interesting technical patterns (mostly its nice support and resistance). For this research we are using two timeframe charts. 5min and Daily (using for see what move potentionaly can make this stock - looking for daily level, patterns, etc).
Other resource of trading ideas is blogs. I still didnt find good resources were i can find nice trading ideas. Have only some like SMB trading desk and StockTwits.
One person looking for informative background for S&P during a day and looking to Dr. Bret indicators. So this person know all about current market conditions, levels, etc. 2nd person look through the stock list which was made before the market and waiting for good opportunities to enter. When 2nd trader see good opportunity to enter he asking 2nd trader about market conditions. The same on close position.
This what we do in briefe. Now i want to write it fully for ourself as logical structure.
itradepennystocks
pennystocker
smallcapnetwork
thestockhound
collegestock
InterectiveBrokers should be the best broker for trading pennystocks as bloggers, newsletters write. There is a big list of pennystocks to borrow.
From Monday you can follow me on twitter, where i will write real time my trades and ideas - http://twitter.com/DmytrenkoArtem
Yesterday technology tradings
As last week technology was really weak by bad earnings from NASDAQ bigget companies, I looked to technology companies - AAPL, CSCO, HPQ. I saw nice level on AAPL @128 and decide to short it. Here you can see chart.
I had nearly 150 points of profit but didnt fix it. I saw a reverse at 126.20 region but didnt fix. I thought that AAPL will go again to 128 lvl and after that will move down again. But 128 lvl was broke. I must to fix in 126.5 region but didnt look to how market was strenght yesterday. Ofcoz, to trade big companies like AAPL need to compare real time market strength and AAPL price moving. If we looked to the S&P at that moment we should close this position with a nice profit. Its baby mistake. Should to build trading proccess more strictly to shut out this again.
Trading proccess
We have 2 trading styles running every day in one time.
1st - PennyStock trading
2nd - Trading stocks with intersting chart patterns
At 1st will describe PennyStock trading style
With finviz help we are screen stock with most % gain or loss. Better it works for gain, as pennystocks with big gain can be mostly good candidats for shorts but also we can find some good long daytrade opportunities.
If pennystock have big gain we research "why" this gain was made.
If the reason is really true and we didnt see very large move up before we can long this pennystock on breaking new high.
If the reason is false or we saw that this stock growth a lot with speculative money we looking for sidemove and short on the range breakout.
2nd trading style
For this trading style we are using 2 persons. We are looking as more charts as we can before the market to find interesting technical patterns (mostly its nice support and resistance). For this research we are using two timeframe charts. 5min and Daily (using for see what move potentionaly can make this stock - looking for daily level, patterns, etc).
Other resource of trading ideas is blogs. I still didnt find good resources were i can find nice trading ideas. Have only some like SMB trading desk and StockTwits.
One person looking for informative background for S&P during a day and looking to Dr. Bret indicators. So this person know all about current market conditions, levels, etc. 2nd person look through the stock list which was made before the market and waiting for good opportunities to enter. When 2nd trader see good opportunity to enter he asking 2nd trader about market conditions. The same on close position.
This what we do in briefe. Now i want to write it fully for ourself as logical structure.
Some situations from friday's pennystocks list
On this pictures in wrote only the main thesis. Also i look to fundamentals - "reasons of last move", "daily chart", "sector of this stock".
Friday, May 8, 2009
Pennystock list for 8th May
Potentional shorts
VNDA - just look how this stock will be trade today.. if we will see activity potentional short on the low breakout @7.39
LEA - closed powerfull after earnings realesed. Waiting for sidemove.
SPPI - short on the breakout @3.4. Target 3-3.2$
GCA - waiting for activity.. if.. breakout @7.27. Target 6.5-7
MNKD - growth without events, news or etc. Will see how it will be traded @6.
ODP - looking for sideway bearish pattern
THQI - if breakout @4.5 short with target 4.2
ARM - look how it will be traded @3$.
TEN - 6.5 breakout, target 6$
ATRC - look to 3$ level. If nice breakout , target 2.5$.
VNDA - just look how this stock will be trade today.. if we will see activity potentional short on the low breakout @7.39
LEA - closed powerfull after earnings realesed. Waiting for sidemove.
SPPI - short on the breakout @3.4. Target 3-3.2$
GCA - waiting for activity.. if.. breakout @7.27. Target 6.5-7
MNKD - growth without events, news or etc. Will see how it will be traded @6.
ODP - looking for sideway bearish pattern
THQI - if breakout @4.5 short with target 4.2
ARM - look how it will be traded @3$.
TEN - 6.5 breakout, target 6$
ATRC - look to 3$ level. If nice breakout , target 2.5$.
Thursday, May 7, 2009
Pennystock list for 7th May
Potentional pennystock shorts for 7th May
APAC - leading provider of customer care service and solutions for market leaders in healthcare, business services, publishing, communications, etc. Strong earnings on Wednesday. Waiting for bearish technical pattern to short.
ARM - growth on strong earnings. Not very good pattern, but will see.
CTIC - today crowd was crazy about this stock. On StockTwits it was the most popular stock. A lot of speculative money are there. Closed at 1.27 after high @1.85. So not much potentional to go down.
DAN - to be honest, I dont know why this stock is growing up :-). Trading now at resistance region @1.95.
DTG - growth from 2 dollars to 5.45. Had earnings on 6th may. Waiting for bearish sidemove to short.
AHD - tuesday growth on earnings expectation, wednesday sidemove. Ready to short? Target - 2.5 region.
APAC - leading provider of customer care service and solutions for market leaders in healthcare, business services, publishing, communications, etc. Strong earnings on Wednesday. Waiting for bearish technical pattern to short.
ARM - growth on strong earnings. Not very good pattern, but will see.
CTIC - today crowd was crazy about this stock. On StockTwits it was the most popular stock. A lot of speculative money are there. Closed at 1.27 after high @1.85. So not much potentional to go down.
DAN - to be honest, I dont know why this stock is growing up :-). Trading now at resistance region @1.95.
DTG - growth from 2 dollars to 5.45. Had earnings on 6th may. Waiting for bearish sidemove to short.
AHD - tuesday growth on earnings expectation, wednesday sidemove. Ready to short? Target - 2.5 region.
Wednesday, May 6, 2009
Stock list for 6 May
Potentional shorts
DAN (Consumer Goods - Auto Parts) - no reasons for growth from 0.9 to 1.43 .. Sidemove afternoon and evening.. Ready to short? Potentional down move to 1 dollar.
CAR - growth on earnings expectation which will be realased 7th May. Waiting for realase, then sidemove, then potentional short.
ABD - officce products, earning on 6th May at the morning.
ALD - moved up from 2$ to 4$ in 4 days.. Earnings will be realesed on next Monday. Can be shorted with low risk after breakout base in 4$ region.
ECPG - side move after good earnings realesed 29 of March
COT - sidemove after earning realased 1st of May
BGFV - bearish pattern after big gain after earnings realased.
ATRC - agiotage after earnings, 5th may
No stocks for long today for this strategy
DAN (Consumer Goods - Auto Parts) - no reasons for growth from 0.9 to 1.43 .. Sidemove afternoon and evening.. Ready to short? Potentional down move to 1 dollar.
CAR - growth on earnings expectation which will be realased 7th May. Waiting for realase, then sidemove, then potentional short.
ABD - officce products, earning on 6th May at the morning.
ALD - moved up from 2$ to 4$ in 4 days.. Earnings will be realesed on next Monday. Can be shorted with low risk after breakout base in 4$ region.
ECPG - side move after good earnings realesed 29 of March
COT - sidemove after earning realased 1st of May
BGFV - bearish pattern after big gain after earnings realased.
ATRC - agiotage after earnings, 5th may
No stocks for long today for this strategy
Wednesday, April 29, 2009
Example of how Tim Sykes making money
I like this guy very much - Tim Sykes
This is a example of how he making money
Description
...because BCRX was up 100% on news of the swine flu, despite the CEO saying they don’t have a product even close to being ready to help at all.
This why he is trading pennystocks only :-)
And chart
This is a example of how he making money
Description
...because BCRX was up 100% on news of the swine flu, despite the CEO saying they don’t have a product even close to being ready to help at all.
This why he is trading pennystocks only :-)
And chart
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