Penny Stock Briefing 10.7.10 The Day VHC Died. It was imminent that VHC like all other over blown stocks would fall out of the sky. As highlighted in yesterdays video http://thelincolnlist.com/penny-stock-watchlist-and-why-you-shouldnt-short-vhc-yet/ my bearish entry was 17.85. No way was I going to get in at that price. As you know VHC went from 18.80 to 16.50 in about 5 minutes sometimes you get them and sometimes you don’t. Welcome to stock trading.
Watchlist: BIOF ABK IVAN TSYS AUMN
BIOF
Nice late day breakout to finish up 17%. I didn’t realize this was the second day of a BIOF run up. This stock is notorious for not being able to hold on to gains. This was actually a LincolnAlert trade last month and I have shorted BIOF many times. I do not expect a $3 print on this if it gets close I will short right away providing no fluffy PR is published. Good short play.
IVAN
I totally messed this up. There was a 1 million buy block order at $2.17. Unfortunately by the time I checked back in on the stock it was at $2.30. I’ve been around long enough to know better. When that happens something is definitely going on. I have been browsing around and have yet to find out anything. This stock is on top of the list a big upside move could be brewing.
ABK
Another old pig flying high. I have shorted this stock tons in the past and now I most likely will short it again. I also may buy this tomorrow because I think it goes to $1 before settling down that is also a double top area of resistance. I like this play because ABK never disappoints. Short sellers know this.
TSYS
This was a nice little short yesterday for subs and myself. It wasn’t my favorite kind of short because TSYS was up on good legitimate news. The only reason I shorted is because it was up over 40% at one time. I didn’t expect huge downside but the trade was perfect timing. I will watch this one from the beginning of trading and i may buy it because when the contract news settles in it will most likely bounce in the a.m
AUMN
This was going to be on the top of my short list but an after hours financing deal sent this stock to the morgue. Only play now is a scalp long off a morning panic