is Loving China.. considering learning Mandarian
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Everybody is going to short it, it will be like a herd. Keep in mind the stock was already shorted due to the Shelf Registration. Today's news caught many shorts by surprise and some may have come home to margin calls while others may have averaged up their short.
I do believe there will be a sell off, however, there are a lot of nervous shorts after today who are going to be fighting each other to cover. Just go read the Yahoo forums lol.. its obvious the intent.
The denial by the CFO was a given, what was he going to say? "Yes, we won a contract with Google, we are so excited!" A leak like that gets the SEC breathing down your neck. Did you notice how many newsletters carried the news? My god the whole market knows lol.
18M in volume.. that was not retail jumping on a rumor.. something else is afoot.
Tomorrow will be interesting.. very interesting. I'm looking forward to the confusion and insanity.
CBAK think for a minute...
Consider a few things..
1. Whether it's a Politician getting caught with his mistress, an actress denying drug addiction, or a CFO denying a contract. Does it really mean anything? Interestingly, Google has "made no comment". Also, don't you think something like this getting leaked would be heavily frowned upon by management? That breaks every SEC rule known to man. However, a leak coming from Google is believable. Damage control?
2. Look how many newsletters picked up the story, Barrons, Wall Street Journal, Bloomberg.. this has circulated every corner of the market. Where there is smoke, there is normally a fire.
3. 18M in volume.. on a rumor? Is there really that much dumb money in the market? Could the "rumor" just be a way to hide an insider leak and buying?
4. Yahoo message boards. It is a bash fest. It is like every known cockroach as crawled out of the woodwork telling "longs" how screwed they are. Do people really want to see others suffer and loose money? Why the hate and spiteful tones?
5. Shorts, we know the stock had been heavily shorted due to the Self Registration. I'm sure many were caught by suprise today and were forced to average up their short.. thus increasing their need to cover. Just as there will be those who flee the stock in the morning, the shorts will also be hammering away. Those shorts have to cover though and with so many short, I believe it will be very interesting to say the least.
6. Company valuation, they are trading less than a 1 P/S. The P/E ratio is not to high either considering they should be profitable in mid 2010. Fundamentally the stock is not that overvalued even at today's close. Not enough to warrant a huge sell off by any means.
I'm sure I could think of more. I do plan to short some at the open, but only as a hedge for the shares I bought A/H. I'm positive the volatility will be so great that I will end up profitable by the end of the session.
Whatever the case.. this is going to be a wild ride tomorrow..
Well it will be volatile.. that much is true.
Gotta take a loss every now and then lol!
Ah don't say that lol..
I grabbed 8K for giggles A/H.
Dang, well I work better under pressure anyway haha!
The reason folks loose money day trading is because they try and do so with to little money, without enough discipline and they exaggerate the problem by using margin.
Day trading can not be taught, it has to be discovered. It is more about discipline and controlling emotion than it is about technical savvy. It is a game of averages.
A good trader, well capitalized, in a liquid stock, rarely ever looses. I dug myself out of a $5,800 hole today after making a lazy mistake and loosing $0.48 on a 12,000 share trade.
SBAY am I reading this right?
$5.32 EPS? These guys need to do a forward split.. the liquidity sucks.
CBAK relatively robust AH trading. It's always a gamble chasing momo on rumors, but this one might have enough hype building up behind it to have an explosive run tommorrow. Lets not forget short squeeze too.
Only reason I'm holding SIAF is because I bought it at $.05, made a ton of money on it already and I'm holding free shares.
I'm not an investor..
CBAK picked up 8K at $3.54 AH
They are all pretty comparable. The market is competitive.
You can avoid ECN fees if you add liquidity (buy on bid, sell on ask). Trades are like $7.95.
http://www.nobletrading.com/commissions_fees.php
If your feeling really ballsy, you can do 10X leverage with these guys..
http://www.wtctrading.com
Sometimes, but not often.
YONG? (edit)What caused the gap down on the 17th?
never mind I see the 8K with the $7.50 8M offering.. gonna put in watch list.
Penson clears my trades http://www.penson.com but I use an ECN through http://www.nobletrading.com
I trade the exact same stocks most you guys go long on. When it pulls back intraday you are not making money.. I am.
A good example is NEP.. down 1% and yes I did get caught in a sell off. If I was long NEP today I would not be up $196 either. If I had just started trading 30 mins later I would have missed the sell off and been up considerably on a down day..
Different strategies all together.. I make more money than a long over the same period, but I pay more taxes and commissions.
YONG... hmmm
Someone convince me to start trading it..
You don't need a much as you think.
You use margin or leverage. I use 4X leverage, there are some trading firms that will give you up to 10X leverage.
I do believe one should have $50K, double the minimum needed to day trade if you want to be successful.
NEP $5,800 loss to $196 profit..
What a day... I'm done folks. I got caught in the 10:20 AM sell off. What a putz whoever sold all that stock into the bid like that. Probably some young hotshot hedge fund trader..
Anyways, had to work for my money and recovered. For those interested in learning trading, never panic, always trade with enough money and don't be afraid to sell, the trend is your friend.
Time,Symb,Side,Price,Qty,Route,Broker,Account,Type,Cloid
10:10:12,NEP,B,9.45,100,EDGX,,18138834,Margin,L091229000292
10:30:27,NEP,B,9.32,700,EDGX,,18138834,Margin,L091229000357
10:30:39,NEP,B,9.32,1300,EDGX,,18138834,Margin,L091229000357
10:32:22,NEP,B,9.23,2000,EDGX,,18138834,Margin,L091229000372
10:34:57,NEP,B,9.17,300,EDGX,,18138834,Margin,L091229000390
10:34:57,NEP,B,9.17,400,EDGX,,18138834,Margin,L091229000390
10:34:58,NEP,B,9.17,300,EDGX,,18138834,Margin,L091229000390
10:34:58,NEP,B,9.17,1000,EDGX,,18138834,Margin,L091229000390
10:38:12,NEP,B,9.05,1000,EDGX,,18138834,Margin,L091229000407
10:38:12,NEP,B,9.05,100,EDGX,,18138834,Margin,L091229000407
10:38:12,NEP,B,9.05,800,EDGX,,18138834,Margin,L091229000407
10:38:12,NEP,B,9.05,100,EDGX,,18138834,Margin,L091229000407
10:38:25,NEP,B,9.01,270,EDGX,,18138834,Margin,L091229000400
10:38:25,NEP,B,9.01,300,EDGX,,18138834,Margin,L091229000400
10:38:25,NEP,B,9.01,1000,EDGX,,18138834,Margin,L091229000400
10:38:25,NEP,B,9.01,400,EDGX,,18138834,Margin,L091229000400
10:38:26,NEP,B,9.01,30,EDGX,,18138834,Margin,L091229000400
11:14:48,NEP,B,8.59,1100,EDGX,,18138834,Margin,L091229000535
11:14:48,NEP,B,8.59,100,EDGX,,18138834,Margin,L091229000535
11:14:48,NEP,B,8.59,100,EDGX,,18138834,Margin,L091229000535
11:14:48,NEP,B,8.59,600,EDGX,,18138834,Margin,L091229000535
11:14:49,NEP,B,8.59,100,EDGX,,18138834,Margin,L091229000535
11:17:36,NEP,S,8.7,300,EDGX,,18138834,Margin,L091229000537
11:17:36,NEP,S,8.7,100,EDGX,,18138834,Margin,L091229000537
11:17:38,NEP,S,8.7,100,EDGX,,18138834,Margin,L091229000537
11:17:39,NEP,S,8.7,100,EDGX,,18138834,Margin,L091229000537
11:17:41,NEP,S,8.7,1400,EDGX,,18138834,Margin,L091229000537
11:23:14,NEP,B,8.65,2000,EDGX,,18138834,Margin,L091229000542
11:24:57,NEP,S,8.7,100,EDGX,,18138834,Margin,L091229000564
11:24:58,NEP,S,8.7,2000,EDGX,,18138834,Margin,L091229000564
11:25:03,NEP,S,8.7,100,EDGX,,18138834,Margin,L091229000564
11:25:04,NEP,S,8.7,100,EDGX,,18138834,Margin,L091229000564
11:25:11,NEP,S,8.7,1700,EDGX,,18138834,Margin,L091229000564
11:30:14,NEP,B,8.65,200,EDGX,,18138834,Margin,L091229000569
11:30:15,NEP,B,8.65,1000,EDGX,,18138834,Margin,L091229000569
11:30:16,NEP,B,8.65,1000,EDGX,,18138834,Margin,L091229000569
11:30:16,NEP,B,8.65,1000,EDGX,,18138834,Margin,L091229000569
11:30:17,NEP,B,8.65,800,EDGX,,18138834,Margin,L091229000569
11:38:03,NEP,S,8.72,4000,EDGX,,18138834,Margin,L091229000596
11:42:08,NEP,B,8.66,100,EDGX,,18138834,Margin,L091229000606
11:42:10,NEP,B,8.66,300,EDGX,,18138834,Margin,L091229000606
11:42:12,NEP,B,8.66,900,EDGX,,18138834,Margin,L091229000606
11:42:12,NEP,B,8.66,2700,EDGX,,18138834,Margin,L091229000606
12:27:55,NEP,S,8.82,2500,EDGX,,18138834,Margin,L091229000728
12:27:55,NEP,S,8.82,1200,EDGX,,18138834,Margin,L091229000728
12:27:55,NEP,S,8.82,300,EDGX,,18138834,Margin,L091229000728
12:49:17,NEP,S,8.86,100,EDGX,,18138834,Margin,L091229000770
12:49:17,NEP,S,8.86,500,EDGX,,18138834,Margin,L091229000770
12:49:17,NEP,S,8.86,100,EDGX,,18138834,Margin,L091229000770
12:49:18,NEP,S,8.85,2000,EDGX,,18138834,Margin,L091229000770
12:49:18,NEP,S,8.85,100,EDGX,,18138834,Margin,L091229000770
12:49:18,NEP,S,8.85,3900,EDGX,,18138834,Margin,L091229000770
12:49:18,NEP,S,8.85,200,EDGX,,18138834,Margin,L091229000770
12:49:18,NEP,S,8.85,26,EDGX,,18138834,Margin,L091229000770
12:49:18,NEP,S,8.85,20,EDGX,,18138834,Margin,L091229000770
12:49:18,NEP,S,8.85,180,EDGX,,18138834,Margin,L091229000770
12:50:18,NEP,S,8.85,974,EDGX,,18138834,Margin,L091229000770
12:59:54,NEP,B,8.9,1155,EDGX,,18138834,Margin,L091229000799
12:59:54,NEP,B,8.9,1345,EDGX,,18138834,Margin,L091229000799
12:59:54,NEP,B,8.89,400,EDGX,,18138834,Margin,L091229000799
12:59:54,NEP,B,8.89,100,EDGX,,18138834,Margin,L091229000799
12:59:54,NEP,B,8.9,400,EDGX,,18138834,Margin,L091229000799
12:59:54,NEP,B,8.9,600,EDGX,,18138834,Margin,L091229000799
13:04:29,NEP,S,8.94,1000,EDGX,,18138834,Margin,L091229000800
13:05:36,NEP,S,8.94,100,EDGX,,18138834,Margin,L091229000800
13:05:36,NEP,S,8.94,1000,EDGX,,18138834,Margin,L091229000800
13:06:16,NEP,S,8.94,800,EDGX,,18138834,Margin,L091229000800
13:06:26,NEP,S,8.94,900,EDGX,,18138834,Margin,L091229000800
13:06:26,NEP,S,8.94,200,EDGX,,18138834,Margin,L091229000800
13:09:10,NEP,B,8.95,86,EDGX,,18138834,Margin,L091229000826
13:09:10,NEP,B,8.95,300,EDGX,,18138834,Margin,L091229000826
13:09:10,NEP,B,8.95,1200,EDGX,,18138834,Margin,L091229000826
13:09:11,NEP,B,8.95,100,EDGX,,18138834,Margin,L091229000826
13:09:11,NEP,B,8.95,200,EDGX,,18138834,Margin,L091229000826
13:09:11,NEP,B,8.95,2100,EDGX,,18138834,Margin,L091229000826
13:09:25,NEP,B,8.94,14,EDGX,,18138834,Margin,L091229000826
13:11:27,NEP,B,8.9,386,EDGX,,18138834,Margin,L091229000818
13:12:12,NEP,B,8.9,3614,EDGX,,18138834,Margin,L091229000818
13:53:01,NEP,S,8.97,400,EDGX,,18138834,Margin,L091229000966
13:53:01,NEP,S,8.97,100,EDGX,,18138834,Margin,L091229000966
13:53:08,NEP,B,8.96,800,EDGX,,18138834,Margin,L091229000935
13:53:08,NEP,B,8.96,600,EDGX,,18138834,Margin,L091229000935
13:53:08,NEP,B,8.96,200,EDGX,,18138834,Margin,L091229000935
13:53:08,NEP,B,8.96,100,EDGX,,18138834,Margin,L091229000935
13:53:09,NEP,B,8.96,300,EDGX,,18138834,Margin,L091229000935
13:53:09,NEP,B,8.96,200,EDGX,,18138834,Margin,L091229000935
13:53:10,NEP,B,8.96,1800,EDGX,,18138834,Margin,L091229000935
14:03:45,NEP,S,9.05,85,EDGX,,18138834,Margin,L091229000999
14:03:45,NEP,S,9.05,4000,EDGX,,18138834,Margin,L091229000999
14:03:45,NEP,S,9.05,600,EDGX,,18138834,Margin,L091229000999
14:03:45,NEP,S,9.05,100,EDGX,,18138834,Margin,L091229000999
14:12:50,NEP,S,9.11,300,EDGX,,18138834,Margin,L091229001021
14:12:50,NEP,S,9.11,100,EDGX,,18138834,Margin,L091229001021
14:12:50,NEP,S,9.1,150,EDGX,,18138834,Margin,L091229001021
14:12:50,NEP,S,9.1,150,EDGX,,18138834,Margin,L091229001021
14:12:51,NEP,S,9.1,50,EDGX,,18138834,Margin,L091229001021
14:12:54,NEP,B,9.08,500,EDGX,,18138834,Margin,L091229001019
14:12:57,NEP,S,9.09,100,EDGX,,18138834,Margin,L091229001021
14:13:42,NEP,B,9.08,500,EDGX,,18138834,Margin,L091229001019
14:14:56,NEP,B,9.08,3000,EDGX,,18138834,Margin,L091229001019
14:22:34,NEP,S,9.24,1200,EDGX,,18138834,Margin,L091229001038
14:29:32,NEP,S,9.2,500,EDGX,,18138834,Margin,L091229001057
14:29:32,NEP,S,9.2,1500,EDGX,,18138834,Margin,L091229001057
14:29:32,NEP,S,9.2,100,EDGX,,18138834,Margin,L091229001057
14:29:32,NEP,S,9.2,200,EDGX,,18138834,Margin,L091229001057
14:29:32,NEP,S,9.2,2000,EDGX,,18138834,Margin,L091229001057
14:30:02,NEP,S,9.15,1202,EDGX,,18138834,Margin,L091229001059
14:30:02,NEP,S,9.15,200,EDGX,,18138834,Margin,L091229001059
14:30:02,NEP,S,9.15,100,EDGX,,18138834,Margin,L091229001059
14:30:02,NEP,S,9.15,100,EDGX,,18138834,Margin,L091229001059
14:30:02,NEP,S,9.15,800,EDGX,,18138834,Margin,L091229001059
14:30:02,NEP,S,9.15,1600,EDGX,,18138834,Margin,L091229001059
14:30:02,NEP,S,9.15,363,EDGX,,18138834,Margin,L091229001059
NEP $.05 spread.. wowsers.. talk about nervous traders..
I'm gonna need a Valium after today..
That's one reason why I'm trading it lol!
Got that ave down from $9.15 to $8.80 on 12K, looking like I might actually make a profit today lol!
I didn't short either..
I don't short stocks like that.. not enough liqudity.
I'm pinched in NEP right now.. and not on a short.. but I'm making up losses pretty quick..
Won't have to worry bout me much today..
I'm having to trade my way out of a $6K loss..
So.. I'm cracking open red bulls and cranking up rock n roll music! lol..
I will post EOD.. show ya how its done! I hope haha
Oh I did.. but I'm still down $.12 on my long..
Might have to do some agressive trading to work my way out of it if the rally stalls..
NEP don't panic chad.. lol.. calm..
More $9.17 might get my clocked cleaned on this one lol
More $9.22
NEP there is the big blocks I'm looking for..
Taking initial entry $9.32
Looks like I was right.. nice long red candle on 2 min..
She is resilient.. but not sure I'm ready to play..
Covered paper short though at $9.35 lol..
Yeah watched YONG.. It isn't liquid enough either..
NEP paper short $9.48 .. couldn't get shares. :(
NEP $9.50 intraday break and big money not slapping it.. Need to see big blocks before I come in. Want to know the big fish are biting this AM.
Looks like NEP might be topped.. wonder If I can short it!
Whats HOT this morning?
Give me some ideas... NEP considering a $9.50 break scalp here.. but nervous it might be a bit overextended like you said..
SIAF yeah, looks like "stockgod" picked it up.
I had never heard of the guy until just the other day. I guess he is a "market mover" lol.. He has a ton of followers at any rate..
But no.. I'm not stockgod lol.. I wish I had his following.
I'm not much into energy.. someone else will chime in I'm sure.
EVSO, I think I make more money trading stocks than these guys do selling clean energy.
I like the fact that they have an independent CPA report, but they don't look very appetizing in the least.
Yep, I'm going to be building a new watch list soon. I'll be adding that one.
I post most my buys real time.. obvious not my sells though lol.
NEP is looking tempting for another trade, but I'm debating pushing my luck lol..