0 Trades Recap for 11/17/2009 Posted by shawn | at 1:33 PM

Excellent day today due to NASDAQ:NLST, it went up 700% in 4 days and stocks that go up supernova like this usually will be followed by days where it trends down.  Today happened to be a nice downtrend and I shorted when it went went green to red ( dropped below the opening price of $5.65) The green to red or red to green are important psychological pivot points. I'm holding the current short of 5000 shares overnight and possibly selling into the market open tomorrow.

0 Trades Recap for 11/13/2009 Posted by shawn | at 3:31 PM

Well looks like pennystock prophet's run has possibly ended or is ineffective for the time being.  The last few picks haven't been running up that much or at all to warrant any attention.  I'll continue to monitor his picks which are free by the way, no need to sign up his 97$ subscritpion.  He provides his picks on twitter here as soon as the market opens at 9:30AM. I recommend twitter streaming service like stocktwits

On with the recap, NASDAQ:NLST was uptrending since monday. Take a look at the 5 day chart.  Volume really started to pour in since thursday.  I scalped 10, 20 cent blocks thursday and friday.

OTCBB:IMGG had a huge sell off mid-afternoon losing 0.50 cents looking at the 1 day chart below.  This is a great opportunity for bounce plays and I caught the bottom as soon as I got the green candle.  It went up in choppy fashion and I wanted to sell into strength as you should always do with OTCBB stocks.  Scalped easy 15 cents.

0 Trades Recap for 11/03/2009 Posted by shawn | at 4:41 PM

Pennystock Prophet announced that his picks will be released Mon, Wed and Fri only. I have played his past 15 picks and made money on all of them. I say that is a excellent streak. He claims he finds stocks that are greatly under-valued  using his 'secret formula' but in reality he has built enough subscribers that when his alert gets out, the stock shoots up when all of them buy in at a massive scale. It's called the PSP alert effect, very similar to Tim Alert effect and Cramer Alert effect. If you have enough subscribers and the stock is low float, you would be surprised how fast they shoot up. Keep in mind, I trade these alerts for quick scalps only.

Speaking of Tim Alerts, he sent out a alert today:

NYSE:COT was alerted by Tim Sykes. Nice uptrending chart. As per Tim,

Reuters has a story that they sold $215 million worth of debt up from an expected $200 million at 1:30Pm ESt today...I expect a press release later today or tomorrow...stock is 10 cents off its 52-week highs, methinks the press release will spike it over $9 and then potentially momentum traders can push this up to $10 as it'll be a perfect breakout.

BUY +5,000 COT @8.72 LMT

SELL -5,000 COT @8.89 LMT

0 Trades Recap for 11/02/2009 Posted by shawn | at 1:29 PM

AMEX:NVD was today's Pennystock Prophet's pick.  You have to be really quick to pull this trade off.  I have auto-send triggered with active trader on ThinkorSwim platform and makes executing trades quick.  As you can see, I got out of the trade right at top when It was getting toppy.

BUY +10,000 NVD @.26 LMT
SELL -10,000 NVD @.32 LMT

NASDAQ:YRCW was halted pending news at 9.30AM.  As soon it opened at 10AM the stock fell hard from 3.50 to below 2.  I tried to catch the bottom for bounce play.  This is always a risky trade but results can be nice.  Quick 0.22 cents scalp.

BUY +5,000 NVD @1.78 LMT

SELL -5,000 NVD @2.00 LMT