Agreed (RE IWSY) - my thoughts on the day and going into tomorrow are below.
As soon as IWSY showed weakness, I sold. Just lost around $500 on the trade; don't plan to trade it again for now.
Overall, I had another solid green day. I also took a small loss on PSON, but did well with FICFD, BIZM, FNMA and on the Nasdaq, with CYTK and AMCC (traders should watch these at open for a potential gap and run; as a matter of disclosure, I hold large positions in both with unrealized profits and will sell at any sign of weakness).
I dumped NEWL at open for $.33 for a nice gain; that is a good ticker to keep on anyone's watch list. Lately, I have been making money by trading the best volume/charts on the daily Nasdaq Top list. I sell if momentum dies, avoid tickers up over 30%, avoid tickers trading on news, and target tickers with no or a small gap up and a slow climbing chart all day. I buy around 3:00 and dump the next day as soon as momentum reverses.
I sold FMAR, TALK and TQLA today at my ACB - as I noted yesterday, I felt I was holding too many OTC tickers and wanted to weed out the weakest ones to get down to 3.
I also own CETC at close, which I picked up today at $1.46. I have an unrealized loss at close. I regret this purchase as I bought it despite my normal trading rules; I will take the loss in the morning - I only picked up 7k so no big deal.
Regarding BIZM and FNMA, I will sell when we see weakness and take my profits.
I will continue to hold FICFD as I think it will continue to rise for now. As I posted on the FICFD board, I think we can get to $7-$8 on this one. I have taken some profits but will leave a $20K position for now. Note that this one is getting into riskier territory - I always consider this to be the case after a ticker doubles from the initial breakout price.
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Penny Stock Blog - I like their idea on Norx and will keep a close watch on that one tomorrow:
Hi Everyone & Welcome New Subscribers,
BIZM continues it's move north in a big way, breaking $4.00 today, and is closing in on the $5.00 mark. Our profiled alert VHGI continued higher today as well, closing up slightly over 3%, and up over 18% on the week so far. We believe shares could see a significant jump in price again, should the Company update shareholders after being silent over the past two months, which could happen as early as this week.
VHGI - Potential Breakout/Trade Alert - (VHGI Holdings, Inc.) - closed up 3.47% today, at .0745c a share, on 415,379 shares traded today. Shares created a new high over Monday's high of .0761c, at .081c a share, and are now up 18.25% on the week. With a lack of news for nearly two months, and annual and quarterly filings that are overdue and expected at any time, we believe VHGI could still have plenty of gas left in the tank from today's close. Remember, shares were trading over .13c in April when the Company was regularly updating shareholders, and as high as .75c at times last year, which gives further insight to just how much upside could be left here. With production picking up at the Company's Landree Mine in Jasonville, Indiana going into Q3, which has a potential annual revenue stream of over $100M/year at full production capacity and more than $1B in coal resources (24 million tons), the most exciting days could be right around the corner. VHGI remains our top pick and will be one to keep a close eye on.
NORX - Potential Continued Bounce - (Norstra Energy, Inc.) - closed up 11.43%, at .78c a share, on over 3.87 million shares traded today. After closing down the previous six days, following a new 52 week high of $2.06, shares of NORX closed up for the third day in a row, and look strong again into tomorrow. Most of today's volume trading above the stock's 50 day moving average, and shares closed above that level, which could lead to a breakout up to test .90-1.00 over the coming days. After it's move over $2.00 less than two weeks ago, there is plenty of room to bounce. Keep it on close watch.
BIZM - Continued Watch - (Biozoom, Inc.) - closed up 15.41%, at $4.27 a share, on over 9.5 million shares traded today. Shares saw another 52 week high of $4.32 today, breaking $4.00 just after noon, and rallied nicely off that level to close not far off today's high. There is no doubt BIZM has been one of the biggest, most talked about movers over the past two weeks, and for the right reason - it's produced some serious percentage gains with great liquidity. This has been a big winner for followers of our blog. Don't forget to take profits! Keep it on close watch for a potential test of $5.00 tomorrow.
AI
