During an interview while promoting his upcoming movie “The Expendables” , Sylvester Stallone said that the movie  Batman featuring Micheal Keaton was the death of the true action hero. Stallone said nobody wants to see macho muscular hard core men kicking tail, they want to see special effects and Velcro muscle outfits . I have always liked Stallone but I […]
Trade Recap for 7.22.10
Video is of DSTI. Text Watchlist below of  IDT PWER ISLN IDT Yet again this thing is destroying shorts like the liquid terminator guy. Deceitfully sucking them in and crushing them without mercy. There will be a day that shorts will drive this stock down but who knows when. As it stands IDT is right at a […]
DSTI is up 65% and is currently stable in the 2.30’s. Most defiantly a carcass of a company but this is just the first up day and could easily spike more. I have a short limit order at $3. Like to see it get there. If perhaps this afternoon’s action begins to fade I will […]
Overbought- yes. Unjustified-yes. Crappy company-yes. None of that seems to matter as IDT is running up massive. I wouldn’t chase it up here in the 16.60’s but I wouldn’t be surprised if it made a run at $17. Most likely not a short today unless you are brave, I mean real brave. [wikichart align=”center” ticker=”IDT” […]
For 2 days now ARNA continues to struggle crossing 5.20. This is still a good risk to reward short with an entry at the 5.15 area with a cover stop a 5.24. Wonder if if will finally go below $5. [wikichart align=”center” ticker=”ARNA” showannotations=”true” livequote=”true” startdate=”22-01-2010″ enddate=”22-07-2010″ width=”570″ height=”365″]
An “Unusually Uncertain” Penny Stock Watchlist for 7.21.10 Video is of VVUS. Text is of CRUS ARNA HAUP YONG CRUS Followed the watchlist perfectly. Set a bottom in the first hour retested it 20 minutes later and ramped up all the way until Bernanke freaked people out and the market got flushed. I still think […]
An “Unusually Uncertain” Trade Recap for 7.21.10- ARNA
CRUS has been highlighted in the last few days watchlist, Maintaining it’s gap up of 4%. CRUS has bounced off of 18.60 area support three times today and so far that looks to be the bottom. Watch the important 19.10 area for an upside breakout. Safe long entries in the 18.80’s with stops below 18.60 […]
VVUS which has been a dead trade since the reject of their weight loss drug has suddenly perked up 8%. After 70 minutes of upward action VVUS is holding steady in the high 5.40’s off the high of 5.65. May be too early for a short. Watch the next upward move, if there is one, […]