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Stock on my Radar Thur July 29

@copperstl — Thu, 29 Jul 2010 2:11:36 GMT

follow up from July 28 post (see below)for Thursday July 29DSCOEntry still valid .23 to .34 for target to .28 -.29 and target 2 with volume into .30+price under .23 would reject set-upABKBooked at 1.05reloaded .91I will continue to load under .93 for another potential swing back to 1.05 and then to 1.19price under .90 would reject set-up______________________________For Wednesday July 28DSCOI am in this swing at .20 and .21.Break-out w/ a continuation pattern is emergingTarget 1: .32 to .39Trigger Break of .41 could sign Target 2: .43-47Price below .25 rejects this particular signalFYI --this is a cash rich company with money to spendThey are digging out of their grave.I've made plenty of money on this stock before with this same set-up emerging.It's NOT a long-term hold.ABKI am in this swing in the low .60s.Break-out w/ a continuation pattern is emergingTarget 1: .97 was hit todayTarget 2: 1.11- 1.17Trigger Break of 1.19 for Target 3: 1.23 - 1.29PNX1-4 day swingClose: 2.31I need a break above 2.37 for entry on volumeTarget 1: 2.49Trigger break over 2.53 for Target 2: 2.67 - 2.71

Cashed OUT

@kunal00 — Tue, 27 Jul 2010 17:50:42 GMT

we have had a nice run up here from the bottom with the marketing rocketing in tune of +10% or so which means even the biggest bozo's on the street probably made 20% plus in their ports the last 2 weeks or so.2day i went from being grossly exposed on the longside fully invested (i was even on a bit of margin yesterday for daytrades) to now 80% cashIm a momo trader...when I see an edge I go balls deep and all in..and when i dont see it i weasel my way out.The last few days has been a total shit carnival with all pennies on teh bottom running. usually that froth is when the market gets fun as all the crack addled aDD traders start piling in for the last of the scraps. We seen that which is usually my clue to go all in..ride it out for a few days then bounce. hit and run.Coupled with the market getting extrememe overbought and near all types of resistance zones. there is not much edge here. can the market fly higher ?? u bet...but if it does its not because u made a brilliant call its just luck or news. When the market gets overbought all it takes is 1 piece of bad news to send it falling down. this market is different than a few years ago when 1 macro event would control the ups and downs whether it was interest rates or oil.Right now the crosscurrents in the global markets are too immense to describe.... Right now some egyptian named kevin could cross the border into ghana and drop a load into some famous imams organic tilapia farm and it would cause a methane cloud to float across europe leaving acid rain droplets on the prime minister of spains favorite orchid garden causing him to nationalize their biggest bank causing the euro to get waxed. See what a mean...now thats some crazy stuff. and when market gets real overbought and near resistance zones..something like that can dump us hard. i dont anticipate teh dip to be very long or strong....heck we might even go sideways..im just waiting for market to recharge.. for in the end the whole goal of the stock market is to DEBall all its participants. since i like mine..i shall chill for a while.Today I sold out of my PEIX-----made 35% on itNLST----12%FBC-------13%LNG-------10%HAFC-----lost 9%OXGN----lost 1.5%MPG------3%FBC-------sold flatJMBA----- 2%SATC-----7%URRE ----9.5% gain oh yeah and i bought all these stocks except fbc in last couple days....

25 momo stocks 7/27/2010

@kunal00 — Tue, 27 Jul 2010 13:20:56 GMT

I am seeing momo stocks come back on my scans for the first time in a while. When market rips these are the most powerful plays as they tend to breakout for days and can make huge runs. You really want to see the market breakout if ur gonna load up on a ton of these.Here are 25 of the top momo stocks I see in the marketABRAKRXAPKTARNAARUNAVIICPXCRUSDTPIDVAXENTRIDTKEIKEMLCCLEINBIXOVTIPWERSNMXSPRDSURGTIEUXGVGI run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips.Its been quite some time since MOMO stocks were making a run. These stocks can be punished during market dips. This is the first time in weeks I have seennumerous stocks show up and see multiple breakout patterns from the list.This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. Lot of tech plays etc This is a composite momo screen so not every stock is in the same mode some are near breakout some are near pullback, many are flagging. Lots are actionable So there are different setups in this group.How to use this list?Highlight the tickers. Paste them into finviz. All the charts will show up on 1 page with all their fundamental data and news! That easy people. Then narrow it down to what interests you and voila. This list is very powerful.Few days ago? $NXTM it was huge. Everyday something will breakout on this watchlist if not multiple. It was flagging for days: then boooooooom Depending on your style of trading you can buy it in anticipation of breakout (with tight risk controls) or set some alerts and play the breaksOne thing I like to track is the changes in this list. New additions and also stocks that stay. The stocks that keep showing up on this list are showing continuous strength. That is a plus and something that should be watched closely. Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe. Notice stocks that fall of this list. They can be great short candidates.What do you notice? How many posts have I done on $vg or $kem ? Lots! Heck a lot of these stocks I find them before they even make it on the momo list (I got a great feel for what will become momo) So that is what I focus my list on first. Also new additions. See $spu showed up for the 1st time. So this is a stock if im a trader I watch closely as it probably is ready to btfo over and over for the next couple weeks (and boy has it). There will be many seperate and different trades in it as it will move up, pullback, flag, breakout, pullback etc etcIf you track my twitter posts you will see me continuously play these stocks for daytrades, swingtrades, scalps. $vg $entr $kem $akrx $dvax $pwer I will play them till the momo is over. Multiple times i will keep playing them till they fall off the listI even take the stocks that have gotten ahead of theselves and are fading and put them on a "short list". Past few weeks I have shorted like $idt numerous momo stocksA lot of these stocks can be swung as they are sitting on support many are ready to bounce if you dont trade breakoutsHere are some favs that look like they are going to breakout again. -- These stocks will mostly like breakout today or tomorrow:$abr $lcc $aptk $avii $nbix Many of these like $kem $pwer will be ready in a day or 2 to buy on pullback and make excellent swing candidatesType: candle | line | technicalTimeframe: daily Page 1/2Page 2/2

Jr Trader Virtual Summer Camp Orientation

@copperstl — Tue, 27 Jul 2010 2:11:48 GMT

Orientation July 26Free Summer CampAges: 15 - 20No emails from minor please Info and/or Free Registration Link: leigh@bullson.wsAll Classes: 6:30 PMSession 1 Mon Aug 9Session 2 Thur Aug 12Session 3 Mon Aug 16Session 4 Thur Aug 19NO LIVE MoneyCOURSE OUTLINE Week 1: Personal Finance, Budgets, and Investing Week 1: Intro to the Stock Market Week2: Understanding Investing Instruments (Stocks, Options, ETFs) Charts, News, Research Week2: Practice Trades with Virtual Simulator. Learn to set up/monitor charts. Week3:Continuation of Class projects Live session during market hours this week Last Class is Virtual Graduation REQUIREMENTS [Enrollment accepted only by Parents/Guardians] Students will need: 1. Anonymous student name for security/privacy2. Free Gmail(for email and shared Google docs for class and project work) • No personal information may be shared without express written permission by Parent or Guardian • Parents will be on all email correspondence via CC and permitted to view all class/project work on Google docs • NO LIVE MONEY allowed period • Parents will need to open any virtual simulator accounts unless student is over 18 • Sessions will be recorded for on-demand review.

Trade Review 7/26/2010

@urbanryno — Mon, 26 Jul 2010 22:01:43 GMT

Here is a recap of my morning trades. I didn't participate this afternoon, so gains were limited to a few positions. CNAM - sold for 5.5% gain on overnight hold. I left a little on the table, but wanted to secure gains before lunch since significant volume wasn't moving in.MPG - I liked this chart early for possible swingout ofconsolidating triangle and support on SMA50. I took an entry at 2.97 and sold just before lunch at 3.11 average (4% gain).ACAS - bought some this morning, but volume never came in so exited for small gain.AEZS - sold for.CIGX - this was mybest tradeof the day. Check out the chart. That's it from my trading desk. See you all tomorrow in the boom factory.

25 MOMO stocks MOMO monday

@kunal00 — Mon, 26 Jul 2010 13:19:21 GMT

I am seeing momo stocks come back on my scans for the first time in a while. When market rips these are the most powerful plays as they tend to breakout for days and can make huge runs. You really want to see the market breakout if ur gonna load up on a ton of these.Here are 25 of the top momo stocks I see in the marketABRAKRXAPKTARMHARNAARUNBVFCPXCRUSDVAXENTRIDTINTTKEMLCCLSCCMBLXNRNXTMPWERSNMXSPRDSPRTSURGUXGVGI run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips.Its been quite some time since MOMO stocks were making a run. These stocks can be punished during market dips. This is the first time in weeks I have seennumerous stocks show up and see multiple breakout patterns from the list.This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. Lot of tech plays etc This is a composite momo screen so not every stock is in the same mode some are near breakout some are near pullback, many are flagging. Lots are actionable So there are different setups in this group.How to use this list?Highlight the tickers. Paste them into finviz. All the charts will show up on 1 page with all their fundamental data and news! That easy people. Then narrow it down to what interests you and voila. This list is very powerful.Few days ago? $NXTM it was huge. Everyday something will breakout on this watchlist if not multiple. It was flagging for days: then boooooooom Depending on your style of trading you can buy it in anticipation of breakout (with tight risk controls) or set some alerts and play the breaksOne thing I like to track is the changes in this list. New additions and also stocks that stay. The stocks that keep showing up on this list are showing continuous strength. That is a plus and something that should be watched closely. Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe. Notice stocks that fall of this list. They can be great short candidates.What do you notice? How many posts have I done on $vg or $kem ? Lots! Heck a lot of these stocks I find them before they even make it on the momo list (I got a great feel for what will become momo) So that is what I focus my list on first. Also new additions. See $spu showed up for the 1st time. So this is a stock if im a trader I watch closely as it probably is ready to btfo over and over for the next couple weeks (and boy has it). There will be many seperate and different trades in it as it will move up, pullback, flag, breakout, pullback etc etcIf you track my twitter posts you will see me continuously play these stocks for daytrades, swingtrades, scalps. $vg $entr $kem $akrx I will play them till the momo is over. Multiple times i will keep playing them till they fall off the listI even take the stocks that have gotten ahead of theselves and are fading and put them on a "short list". Past few weeks I have shorted like $idt numerous momo stocksA lot of these stocks can be swung as they are sitting on support many are ready to bounce if you dont trade breakoutsHere are some favs that look like they are going to breakout again. -- These stocks will mostly like breakout today or tomorrow:DVAX, NR, LSCC, ENTR, BVF, SNMX, SURGMany of these like $kem $pwer will be ready in a day or 2 to buy on pullback and make excellent swing candidatesType: candle | line | technicalTimeframe: daily Page 1/2Page 2/2 Type: candle | line | technicalTimeframe: daily Page 1/2Page 2/2

7/19/2010 Morning Wood!

@kunal00 — Mon, 19 Jul 2010 13:09:50 GMT

Morning....Futures slightly positive this morning amid some decent earnings reports, m&a activity. OIL is running flat right now. Overseas markets in Europe were up half a percent or soThe next couple days will be huge to see if Fridays meltdown was some options expiration related foolery or something deeper. We do have IBM and TI earnings out today followed by later this week $aapl $gs and a host of others.Remember last quarter we had a big sell the earnings news reaction to some pretty decent earnings. So we need to keep an eye out and see if thats still the case. There is a good shot we get a light bounce that gets sold aggressively unless there is a news event that comes out of left field and surprises us in a good way.I will be staying light keeping min 50% cash in my accounts as just hit the top of the trading range a few days ago and Friday was the first real down day. Right now we are in no mans land as we are not att the top or the bottom of the trading range. A dip to the SPY 104-105 range will cause me to deploy some cash. A dip to the 102 and I will be be 90% invested. In the meantime Ill be mostly daytrading.Cypb has a 4.00 buyout offer on the table..watch its friends..it could spark a huge momo run in similiar names.tslLooking to add on a strong break of 22. Lots of upside potential on a break of 22., as there is no real resistance until 26-27 area. Ideally as its ultra overbought Id like to see a break of 22 and then a pullback to support so that it can work off its overbought condition. But I will probably trade it both ways.Jaso looks good on pullback to support or on strenght as its in a makeshift flag thingieMON is a beast. It needs to pullback lightly for a day on low vol but should setup a decent swing.also like $kem $lub $gsb on the smallcap side.. thes are hard to trade if the market is soft so make sure you are careful or trading with someone who knows how to..

Options Trading for Income Course

@copperstl — Wed, 14 Jul 2010 17:35:31 GMT

Income Options Trading with Bulls Black Pass Practical Applications Market StudyFor more info/cost email: leigh@bullson.wsVisual Quick vid:http://www.bullsonwallstreet.com/blog/post/WhatistheBlackPassTradingFloorforOptions.aspxCourse is designed to: 1.Teach aspiring Career Traders 2.Produce daily/weekly/monthly income 3.Take years off individual learning curve 4.Provide 12 months of market cycles study 5.Build Life Skills, not just follow the Leader 6.Offer self-paced, individual, situational education 7.Minimize mistakes, learn advanced timing strategies 8.Help build individual Trading Business for growth/income 9.Learn and earn simultaneously (after initial learning period) 10.Create wealth, build with leverage, preservegains/working capital 11.Provide Part-time /Full-time Traders opportunities to learn and earn 12.Provide education /experience along side professional options trader 13.UtilizeStarter Account: $2000 - $2500 to create potential 6-figure income 14.Provide realistic opportunities to advance and perfect market timing/skillsInstructor: Leigh JonesOver 12 years of trading experience Stocks,Options, FOREX, and Futures Trader/Educator Holds degrees in: Business, English, Manufacturing Mgmt, Marketing, Health Care Mgmt Auditor/Trainer/Implementer: Six Sigma, ISO 9000 and derivatives: AS9100 Aerospace,TS 16949 Automotive,17025 Labs and 13485 Medical Devices As a corporate consultant/auditor/educator, Leigh has educated adults in a variety of technical topics. During her career, she developed a proprietary system which she now teaches, in part, to Black Pass students utilizing short-term options trading. On the road 48 weeks per year, Leigh was forced to build a system that could be traded without staring at charts all day. Built on high probabilities, she intertwined specific charting techniques that can be utilized for part-time and full-time traders. Understandably, the quality management system components of corrective/preventive actions, repeatability/reproducibility, process improvements, and data trending seemed an easy migration into the markets to create a system with precise entries/exits, metrics, and feasibility within definitive criteria. Students will learn one strategy, with variables,to produce income as long as they trade the markets in any market condition.Leigh feels rather than charge for a 2 or 3-day class, students can increase their success rate by trading with a pro for a year. This isn’t about making money; it’s about giving back to the community, further evidenced as the basis of the course cost structure via quarterly payments to help keep working capital freed. Disclaimer: Neither Bullsonwallstreet or Leigh Jones are investments advisors or registered brokers. Investing is not suitable for all individuals.Education and set-ups are not intended to advise buy/sell recommendations, but are for real time trade opportunities or informational purposes, should not be misinterpreted as trading advise andare not warranted with any guarantees, express or implied. Individual results will vary. Investing can result in loss of principal. Past results may not represent future results. Strategies and techniques do not guarantee profit and are taught to provide information to make independent decisions.

Manic Monday

@kunal00 — Mon, 12 Jul 2010 13:04:42 GMT

My bias going into the week is slightly "negative" if you can say that. As you can see we are getting very overbought and the market has entered a zone of resistance. the $spy 108-110 area has some pretty strong price congestion. Even though the price action has been quite strong the volume has been week ( i discount that a tad due to a myriad of reasons). As i look at the market now the reward to risk ratio has changed dramatically. As you can see right now we have maybe 3 points in potential upside with 8 points of downside as we are range bound. My bias will change of course if we break through the moving averages as that will change the trend for me into an uptrend.If move up higher through mid afternoon....I will start unloading some of my longs and move my cash position to greater than 50% maybe even 75%. Till we pull back to $spy 104-105 area or break above the major moving averages I will just daytrade and scalp instead of adding major swing trades.beware of the afternoon fade...if ur trading breakouts today they will have shat the shower if the market fades in the afternoon. here is the rest of my watchlist that i am eye balling for the week..enjoyACPWAONEARBAAVIIAXASBAABVFBWENCPECPXCRXXCVVTDEARDVAXENTRFAZGAMEHNRHOKUJAZZLEIMCCCNGBNLSTPACRPSUNSOLFSPRTSQNMTCUXGVISNVXXXIN

7/6/2010 gameplan

@kunal00 — Tue, 06 Jul 2010 13:06:50 GMT

Morning folks. Looks like market is gapping up a bit. about 1%. Overseas markets were especially strong running about 2-3% between the different countries in eurozone. Oil is settling around 73 dollars ($uso up 1 dollar). its been butt ugly the last few weeks so a bounce is too be expected at some point. Very rarely does the market just go down 10 days in a row. When trading always measure your reward to risk ratio's. Whats the point of entering short swings after the market has been roasted for 8-9 straight days. Your better of just staying in cash. The sentiment has gotten pretty nasty of late. I had a dear friend just tell me last week " I dont understand why people just dont buy $tza everyday, then your guaranteed to make money" After watching me trade all this time and even trading breakouts and making money last week he still says that!Im going to be putting some more money into work this week. A 3-5% rally is not out of the question. By looking at the charts it will be fast and shortlived. There is a load of sellers in pretty much everyzone right now in the market. Any rally will be faded fast unless there is some terrific news out. In the end news always trumps a bunch of lines on a chart.Even with the market bleeding: Dow: -4.51% last week S&P 500: -5.03% last week Nasdaq: -5.92% last week Russell 2000: -7.15% last week even with this nonsense there was money to be made in the boom factory we had nearly a 7 out of 10 hit ratio for the week and winners everyday. On friday alone I had $joez $avnr $arna all go 5-14% gains for 1 day holds. Overall though we have been making money but the key has been using proper position sizing (going 1/2 size) and moving from a momo/swing trading system to scalping/daytrading. This has reduced our risk and kept us out of trouble in our trading accounts. Just a couple weeks ago I had posted on our premium blog"As i mentioned yesterday a couple times... I believe we are drip drip dripping our way downward into a break of the Flash Crash lows. In my opinion it is imminent. Except for Friday where I was doing some heavy daytrading in an oil run I have been 80% cash for weeks. @urbanryno has been basically 100% cash for over a month. heed those warnings. Use smaller position sizes for the time being. there is no excuse to be losing money here. We will daytrade if we must take losses we will make sure they are small"_________________________________________________________________________In the end im preparing to play a bounce this week. Judging by the charts im going to post the odds are it will be shortlived.RealEstate looking shaky tooNow to play devils advocate with myself. Anytime you are on the bottom of any range all the charts will look like crap. So we need to be aware of the support levels and play bounces and shorts accordingly.Here are some longs for the week.I also like $dcth $srz $intt for bottom bounce plays the charts suck and its impossible to figure out how to play them right so just wait for my word on when to buy them...later folks.

DEATH CROSS

@kunal00 — Thu, 01 Jul 2010 3:27:08 GMT

What a day...we chopped around all day till the last hour when the bears finally put a little sac into their game and pushed us down. But still no knockout blow. Needless to say its been a rough month, few months for many traders so a fresh start will be welcome.This is not a good environment to trade for 99.999% of traders. Im seeing many traders that i follow and respect getting smoked. Your basically pissing in the wind everytime you go long for a swing. Unless your following someone who knows what they are doing..this market is designed to slowly bleed your money. Hell I was hotter than a hooker in a baptist church the last 3 weeks..and ive been flat to slightly negative the last 3 days. just drip drip drip till ur commisions start draining you.Looks like we are getting very close to the old "death cross" thats when the 50dma crosses with the 200dma which is very bearish in nature. Look at the velocity in which it happened..that shows you the true selling power behind this dump. That tells you what we already have been feeling. The bear is back. We've been telling our guys in the premium rooms for many many weeks to stay at least 80% cash and cut your position sizes in 1/2. Thats really the only way to make it out of this type of market. Just because we got a death cross in the making doesnt mean you go all John Rambo and start shorting the market. These are all lagging indicators. The easy "boats n hoe's" money has been made on the short side already as the QQQQ's have been down 7 days in a row. My guess is that we bounce in the next couple days the nature of it will be very important but its just a prelude to a next leg down.Ill be looking at the nastiest most beat up foul stocks in the market with large short interest and play the bounce. I see many sectors that are so oversold the stochastics are sitting at 0. Department stores, specialty retail, restaurants are a few on my radar. Then ill prob short those same stocks as we get ready to leg down.do to market conditions and my crazy boredom..im gonna start blogging much more!! enjoy! p.s. I had a contest with @johnwelshphd last month for stock gains. that mother trucker was up 30% last month and made 31k. Now thats unreal he beat me up like a toothless stripper at least 3x percentage gains..might be 4x once i get home and get on my other computer.

The big Turn 6/9/2010 market recap

@kunal00 — Wed, 09 Jun 2010 21:46:38 GMT

Much like previous limp dic$#@ attempts at the 200dma today we tried to attack the 1070 level with authority to only peter out to the whims of moustached men wearing pink fanny packs. With their eggregious shorting of the Euro and aggressive bidding of the $fxy yen they can twist this market at their leisure. Even though we held 1040 to not even be able to mount a simple sissy 10 day moving average is. Today was tricky as people got giddy at the news in the morning. local twitter folk were celebrating a possible double bottom off the 1040 area buying commodity stocks hand over fist...fist pumping "the situation" style at their UCO rocketing up. Finally they got their money back so they decided to even throw a few more on for good measure as when things bottom oil runs. It was a nice feeling for a hot morning...i could see the twitter folk about to dust of the bags of "angel dust" but in the end it was all as mythical as the fabled "donkey show" Right now this is a sell on all pops market.. the only good time to buy is on big red days..then sell for pops. Unless you are trading these bizaro 3x etfs. Then you can find things to buy everyday, you just might blow up ur account in the midst of taking out the trash or some other domestic endevourIn the end this is a scalpers market.... i highly believe an at least 50% cash position is a must. Chillout make watchlists or use that cash for quick daytrades. But i warn you there are maybe 5-6 good daytraders around (3 of them are here) so be careful The big sign we are looking for is when the market starts shrugging off bad news. When it no longer cares as the assumption is that everything is bad. Once that happens we bottom.

6/08/2010 Market Recap...

@kunal00 — Tue, 08 Jun 2010 23:08:30 GMT

Well we held 104. It was a bit of a drunken slopfest chopfest. But we held. usually when a stock or market is on support and we hit oversold levels the risk to reward favors going long even if your gut says no. In the end if your wrong you're risk is minimal as you can always dump when market breaks.The main positives are that we closed with a rally instead of hurling our lunches the last hour of trading and we held 104. My one suspicion is that the QQQQ 's and Russell did not participate and without those 2 any rally is suspect. We still might pop for a day or 2 as we are still very oversold and on the bottom of the $spy 110-104 trading range. This market is nearly untradeable as even with the solid close today you would have been whipsawed out of any position you bought earlier today as market went from red to green to red to green. In that even best thing to do is sit back and scalp for 2-3% gains or build positions to trade the extremes of the market. Today I traded $fcx $dndn (2x) $cpwm all for basically 1.5-2% gains. i miss saying booooooooooooooooooooom. but u take what the market gives you or just sit back and make watchlists and domestic gay shit like mow the lawn. Or you can do what i do and look for summer love!!! Ponder upon the important things of life such as the potential reunification of the 2 koreas, or if that funny mark on Gorbechev's head had hair growing out of it. These markets never last too long. We've been in this downtrend now since May. Soon enough there will be a time where the probabilities turn in your favor and good opportunities present themselves. Till then chill and trade fast.

What Happens in Vegas Stays in Vegas?

@copperstl — Wed, 02 Jun 2010 1:45:21 GMT

I have had a change of heart regarding our workshop in Las Vegas over Labor Day. Several people already have plans that week-end anyway.Let me propose this out to the group:1. We change the weekend (would after Labor Day work better or before Labor Day?)2. I would like to change the location to Chicago. I can arrange a tour at the CBOE, as part of our education, with a cocktail hour post the market close.3. We could come in on Thursday, have workshops on Friday, with our field trip to the CBOE, then have dinner, etc Friday evening.4. Saturday we could do further workshops in the late morning, followed by sight-seeing, fellowship and dinner/entertainment.5. Leave on Sunday....Now....thoughts?

News analysis on NEP

@stockgod — Thu, 27 May 2010 16:56:29 GMT

Let's talk about NEP. I don't need to go in the history of this stock, as many of you know we rode it from $4 all the way to $11.50 and took profits between $10-$11.50. The trouble is many of us, including me, bought it in the 9's and all the way back down until the halt. We finally got some clarity today, and the data I have received so far is not horrible at all, in fact it's probably more good than bad when you drill into the details. So let me help us do that; As the Company disclosed in its current report on From 8-K filed onApril 16, 2010, AMEX required that the Company submit a plan of compliance byApril 29, 2010with the action the Company has taken, or will take, to file the 10-K for 2009 and bring the Company into compliance with the listing standards no later thanJuly 14, 2010(the "Plan"). As AMEX required, the Company submitted its Plan onApril 29, 2010, which the Corporate Compliance Department of AMEX currently is evaluating. As stated in the current notice from AMEX, the Company may supplement its Plan untilJune 8, 2010. The Company intends to submit such supplement byJune 8, 2010. This basically means the company has until June 8th to submit a supplement to their plan if they choose to do so. The plan is there only for the exchange, so the exchange can approve NEP to remain listed on the exchange. I don't see this as being a problem, as stated previously by investor relations, it's fully expected that NEP will meet the requirements of the exchange to stay listed. The Company also previously disclosed in a press release issued onApril 16, 2010and as an exhibit to its current report on From 8-K filed onApril 16, 2010, that, in the process of the Company's 2009 year end audit review, the Company identified potential internal control deficiencies over financial reporting in connection with certain expenditures relating to business development activities and the accounting treatment of certain of the Company's accounts payables. In response, onApril 15, 2010, the Board of Directors directed and authorized the Audit Committee of the Board of Directors (the "Audit Committee") to conduct a thorough review of the situation and to determine what corrective action, if any, should be taken. So this basically means that someone in the company had an expense account, and made some expenses to the company which need to be reviewed. OnApril 19, 2010, the Audit Committee retained the services of John Lees Associates Limited ofHong Kong("JLA") to conduct a forensic audit of the Company's bank accounts with respect to the expenditures relating to business development activities in question. This is great news: John Lees Associates are an accounting firm in Hong Kong that deals with some large companies, they do work for the bank of China, they are not a fly by night group. The forensic audit preliminarily found that in 2009, cash transfers occurred between the bank accounts of the Company and its subsidiaries and the personal bank accounts of Mr.Hongjun Wang, the Company's chief executive officer, and Ms.Guizhi Ju, a Company director and mother of Mr.Hongjun Wang. The forensic audit has confirmed that some of the transferred funds were used to pay the Company's expenses. To date, there is no indication that any of the funds were used for personal purposes. The forensic audit is ongoing. In other words, the CEO and his mom had created expense reports to the company. No, I don't think it was for coke and whores, considering these guys are big shareholders of the company and certainly don't want to hurt their share position. That said, those of us who understand the culture in China - this type of thing happens all the time. This was once a very small company, they would treat it like their own company - but as it grew their lack of controls were apparent and they likely made some mistakes as to how they draw money from the company. They also mention there is no indication that the money was used for personal purposes. They probably had big expense accounts, the accountant is very thorough. The good news is they were accounted for as expenses, some sort of expenses. So it should likely not affect the income of the company. The other good news, if the CEO removed money for personal reasons he will then in turn owe it back to the company. The potential bad news is if they drained the company of all its cash, well that would make it difficult to run their business. Highly unlikely considering the company is still running, the CEO is a major shareholder, he is apparently very upset - and he has not been arrested. So this scenario is likely not the case, I just wanted to throw it out there just incase you run into a forum full of haters :-) Immediately following the JLA preliminary report, onMay 6, 2010, the Board of Directors adopted a specific policy that none of its assets, including cash, should be transferred or paid to any officer or director of the Company or its subsidiaries for any purpose without the approval of the Audit Committee other than (i) payment of transfers pursuant to service agreements between the Company and its officers and directors duly authorized and adopted by the Board of Directors or its committees; or (ii) reimbursement of reasonable expenses not exceeding$10,000in any given week. More good news! New accounting controls shows the board actually cares, the board is effectively running the company and making sure this never happens again. After an update of the preliminary report by JLA, the Board called a special meeting to discuss the situation onMay 21and 22, 2010. As a result of these meetings, onMay 23, 2010, the Board through unanimous written consent took the following corporate actions: (i) Accepted the resignation of its chief financial officer, Mr. Yang Zhang, and appointed Mr. Andrew Kan from JLA to serve as interim acting chief financial officer until a permanent chief financial officer is duly appointed. Good news, how did the CFO not know this happened? Or maybe he did and didn't think it was a big deal. Either way he has to go - and the new CFO is a rockstar. (ii) Accepted the resignation of Ms. Ju as a director of the Company. Bye mom! Good news. (iii) Accepted the resignation of Mr. Hongjun Wang as the Chairman of the Board but allowed him to continue as a director pending the outcome of the current forensic audit. This tells me he really wants to stay on with his company. He knows he made a mistake -- and if it was huge he would have been fired completely. This is a SARBANES/OXLEY audit, get your shit together, and get this CEO out. (iv) Appointed the Company's independent director, Mr. Edward Rule, as Chairman of the Board. Good news. This guy is one of the people leading the charge to get NEP back to a clean reporting standard. (v) Placed Mr. Hongjun Wang on administrative leave as chief executive officer pending the outcome of the current forensic audit. Good, need to get some people who understand the capital markets and know how to run a large company. (vi) Appointed the Company's independent director, Mr. Jingfu Li, as the interim acting chief executive officer. Anyone know who this is? Jingfu Li has worked with Petro China for years, he has a good relationship with them - and likely why he's with NEP to begin with! (vii) Directed that all expenditures of the Company and its subsidiaries over US$10,000 be approved in advance by the Chairman of the Audit Committee. Great, no more mom and pop expense reports. The Company believes that these remedial measures will prevent further failure of the Company's financial controls and procedures and preserve the assets of the Company. As the forensic audit continues, the Company is treating this serious matter with the utmost urgency. Upon further findings of the forensic audit, the Company will continue to implement measures as the situation demands. About China North East Petroleum We will hear more disclosures over the coming weeks. The good news is the stock will NOT resume trading until we get full disclosure as to what's going on. We will have to see a 10K, and the exchange will obviously have to approve their plan. The best case scenario is we start trading in June with a 10K. The worst case scenario is we start trading sometime in late July. Either way, I view this part as very good -- because the last thing we need is a panic, not to mention a bunch of bears coming in to short the shit out of your fear when you don't really know what's going on. Overall I'm happy to have some clarity here, and I was once a shareholder of Tyco. I don't think this is anywhere near a Tyco style situation, but I do know Tyco recovered and I did very well on the trade. Good wishes to all, and screw the haters, ignore them. They are running out of ammo on this one. There's a saying I love and I live my life by it, it's oftenattached to afableof a great king who is humbled by the simple words: This too shall pass. ps: I HIGHLY recommend you read the biographies of the people involved :-)

Get Back in the Saddle!

@copperstl — Thu, 27 May 2010 2:39:33 GMT

If you find yourself scalping a few cents here and there each day during these market conditions, you are not alone. Most people have lost a wagon-load of money these past few weeks, actually since February. There will be safer days. The market is re-acting to so many outside influences, it perplexes even the most seasoned traders. I am not convinced even the floor traders are in agreement as to this market's status: a correction, a bear move, or what! If you find yourself gun shy, you're not alone in that regard either. Trading has such a psychological impact on the individual. Without understanding just how much of a "head game" trading really is, one may as well just tossthe working capital out the window. A point to understand: this time last year, it was easy to make money in the market. We were in a bull rally that took us into winter basically. Since February of this year, one has had to rely on skills.....ahhhh.......and not many people had developed skills. What the heck do we need skills for? We should be able to place a trade and it should work, right? These conditions will make you a better skilled trader. Unfortunately, those that "rode" the bull rally last year, have given all their gains back (and then some) this year due to their lack of experience and skills. I learned to trade in a bear market; I believe it gave me a competitive edge. I learned how to scale my positions, size my positions smaller and perhaps make more smaller trades to reach my goals. I am desperately trying to teach you this concept. You see me scalp off .10 here, .07 there, .20 on another. Yes, I'd love to have the big 1.00 plus trades; we all would. And if it was that easy, everybody would be zillionaires. Don't let this market whip you! You are stronger! If you have found yourself almost paralyzed by the thought of making a trade, let's examine how to get your game back!Those that trade live with me in the trading rooms, watch me trade real-time, posting my moves to help build their skills. I tease them constantly that I feel like the middle ring of the circus as I jump in to "perform." That said, it's not easy to trade under a microscope.However, it's such a great learning experience to watch a real trader, build trades, trade the trades, and watch the same charts the trader is monitoring. Some days, I get myself all silly. Our Black Pass is a family of people from all over the country all working together to become career traders with the leverage of options. The class is closed right now; I am one person and I need to focus on this family. However, I am still here to help people outside our family. You are our extended family, and I extend the invitation to advise how I can help you.You can do this!

Developing Your Personal Trading Skills

@copperstl — Sun, 23 May 2010 22:58:16 GMT

I've thought about our Team all weekend.May we agree to the following?1. I am building criteria with specific rules, as applicable to MY situation. 2. I have a specific agenda for my trading career.3. I must stay on the sidelines until it is safe to enter the market live.4. I do not BUY the news.5. I cannot make decisions when I am trading out of desperation.6. I must determine root cause of my failing trades for trending/tracking to implement corrective actions.7. I cannot let emotions trade my account.If you can't answer a few of those with solid answers, it's time to have a self-evaluation.You can't trade on a whim. One must know their limitations - whether it's time, money, or knowledge.Some of you simply need to watch away from the screens during certain days/times, and/or stop trying to force trades.This is all part of becoming a skilled trader. Luck will get you only so far.Part-time traders: your criteria should already be outlined and ready for modification. If you are trading on danger days when you cannot watch/monitor trades, don't expect me to get you "out" of that trade. If you chase, (even virtually) you are building habits that will be difficult to break when you go live.We'll continue to build rules which are applicable to you. I like to call how I teach the grocery store method: roll your buggy up and down the aisles for a look-see. It doesn't necessarily mean you need to place everything in your buggy. Some of us need low-fat/low calorie items (scale in or undersize your postions), others have allergies to certain food (tickers?). Perhaps, you need to "purge" (I said that politely....smile!) Well you get the picture.I can't build your rules/criteria. I can, however, guide you to building your rules.Add a tab in your workbook for Criteria so we can begin to outline your "style".Don't trade in the past; tomorrow is a new day, week and expiration month. Let's don't make the same mistakes; we must learn from them.I'm here Team...I'm here.With love,Leigh

S&P Intraday Watch

@copperstl — Wed, 19 May 2010 18:13:07 GMT

Team, we've been watching the S&P and the DJI under a microscope as of late. Today, we traded to both of ratio numbers as penned on last night's .pdf. The first support was 1113 - 1114 with the 1103 as the secondary.We did well this morning with both long and short positions with the volatility we were given. I sound like a broken record: smaller positions - higher cash. Remember with options and trade mgmt of said positions: we don't buy dips unless there is strength. Do not load on weakness!

My trading desk --per requests

@copperstl — Mon, 17 May 2010 20:31:08 GMT

I get requests everyday about my set-up. So, here it is. Nothing fancy from my 6th floor loft.I traded off one laptop until the first of the year since I stayed on the road. Having a trading desk is not what makes one successful, by the way. I can still trade off my laptop. This was taken Sunday afternoon so all the monitors are not on. There's one key item I can't do without. Those that trade live with me probably know what it is....you think?

Watching the S & P this week

@copperstl — Mon, 17 May 2010 2:09:28 GMT

I wanted you to see how the market failed (or rejected) the 50-day moving average during our "crash week" in May and has struggled to get above it since (notice the retests last week).Glance back to February to see a mirror action. Sellers wasted no time to step in at the hint of weakness with either event.Please note this is a key area we need to monitor. If we can get a close above that level, we could see some potential upside. How much upside? We'll use ratio numbers to build anticipation levels. If we can't get a break over the 50-day moving average, it's likely we'll get another leg down. It's still possible we can see more consolidation, (sideways action) as we did in March for a few days or even a few weeks.Please stay in high cash, keep positions smaller, and book profits when they present. It's difficult to stomach as one watches profits evaporate with quick swings triggered by any news.

Summer Love

@kunal00 — Wed, 12 May 2010 17:53:57 GMT

Every young man or even old man should use the summer for it does best to the human spirit. Love! In th midwest people are quite ornery for a majority of the year due to the Detroit Lions, 20% unemployment, 1 foot snow falls in the middle of the night. But come summertime there is a perk in the step of my fellow people. The girls start wearing dresses guys hit the gym and the drinks and activities are flowing!! Even Ben Bernanke himself puts on a smile in the summer. The most important part of the summer is the summer love. No summer can go without a true 3 month romance (hopefully longer!) So that is your mission for summer of 2010 otherwise known as THE SUMMER OF LOVE recipe for "the summer of love" It must be young love: The kind of love you have when your in highschool or college These are the things you will need: A girl (someone new, different than what your used too) A hammock (for taking naps and laying around in the sun) A convertible (for the all important roadtrip adventure you must take) A mixed tape- Mixture of Debbie Gibson, Britney Spears, and numerous other 80s pop songs A summer drink (maybe Iced Tea Vodka with Lemonade) An EPIC road trip --- must be through multiple states, involve a beach, possibly some trouble with the police! Tons of handholding...throughout the day and night. Make out parties. Tons and Tons of Make Out parties. actually make out all the time. PDA is a must! dont be shy fellas.

Where's The Market Headed?

@copperstl — Tue, 11 May 2010 2:22:16 GMT

I thought I'd take a minute to look at these charts again. As stated in the Market Recap, we had a great gap up today. However, post that morning gap, the market was quite uneventful. These charts show the market stayed in a complete sideways motion -no volatility whatsoever!!If the market can hold these numbers, it's highly likely it can go back up and retest the highs around the 1200 for the S&P and the 11200 for the DJI. It's not that far anyway. (the S&P chart is identical to the DJI)If it can't hold, the next leg down could be ugly. The volatility is still our friend in the mornings. Stay focused on your overnight builds, as applicable, to book the next day and/or build partials slowly allowing ample adjustment time/cash.We are at critical levels here.

May 5th, Blood on the Streets

@stockgod — Wed, 05 May 2010 20:38:01 GMT

On April 16th China North East Petroleum announced FY09 revenue increased 10% to a record $64.7 million. They also announced their output increased by 41% TO 908,126 barrels...however the company has been plagued by an ugly overhang as they had to restate earnings for non-cash warrant issues and how they accounted for depreciation on their properties. NEP was $9 just a few days ago, then yesterday the market tanked - and today on CNBC they showed the Greek "siren" over and over again. The market took a hit, and is in the process of correcting. Oil took a wicked dump, and NEP sold off. In my opinion NEP sold off because of oil, panic & fear, and stops getting hit by retail investors, not to mention margin calls - and most notably the UNCERTAINTY of NEP's earnings since they have not released a 10K. At the same time it looks like one of the major shareholders of NEP took some shares off the table (that's an understatement, the stock traded 2m+ shares today on a wicked selloff). I spoke with Investor Relations in detail. They said to expect a material release sometime this month. This means we will see the 10K which is what everyone is waiting on for NEP. In the meantime the stock will flounder, and as panic sets in like it did today we'll see the ugliness that mother market can bring. So why did I buy more NEP yesterday and today? Well, first off I made over 4X what I'm currently down on the stock last year. I would never dump this kind of cash into the company unless I did the research and actually made money on them up until now.I am a big believer in this company. I believe the stock will eventually go up as a result of the following (quoted from their press release directly); Preliminary revenues for 2009 increased 10% to $64.7 million from $58.6 million in 2008 due to increased oil production and revenue generated by the Company's newly acquired contract oil drilling entity, Tiancheng. In 2009, forty two new oil wells were drilled in the Company's oilfields, bringing the total number of producing wells to 289. Total oil production in 2009 was 908,126 barrels, a 41% increase from 645,856 barrels in 2008. Oil prices in 2009 averaged RMB 2,824 per ton (USD$55.97 per barrel), a 41% decrease from 2008 levels of RMB 4,845 per ton (US$94.29 per barrel). Yet oil prices this year are much higher - and in the last quarter much much higher. Tiancheng contributed $13.6 million of the revenue in 2009, all of which was booked in the fourth quarter, as the acquisition of Tiancheng was completed on September 27, 2009. "Global oil prices have rebounded from the low levels experienced in late 2008 and early 2009, and we anticipate that oil prices will remain relatively stable or trend higher in the rest of 2010. Consequently, we will continue to drill new wells and expect that cash flow from operations will be sufficient to allow us to meet all of our growth targets this year." - in other words, their growth plans allow them to continue through 2010 without visiting the capital markets again. Read: no dilution in 2010. "We are on plan to drill approximately 60 wells in 2010, excluding acquisitions, and believe we have the ability to drill more than 320 new wells within our existing fields over the next 3-5 years, excluding any potential benefit we could receive from new oilfield leases which we continue to actively pursue." I remain convinced that NEP is a great long term buy. Though the volume on the selloff today was a little disconcerting, I am still bullish on the company. Good luck to all longs, shorts, whatever, wish you all well.

A Blog about Greece

@stockgod — Wed, 05 May 2010 15:06:06 GMT

Regarding Greece, I have spoken with a few people about this. As many of you, I knew about the Greek debt issue months before it happened. They should probably let Greece go out of the EU, let it return to its own currency (so they can devalue it and/or go bankrupt and reorganize) and be done with it...I also realize that this may not be the most popular decision but it is the right one. Now if Spain needs $500B (much larger economy than Greece) we are in some deep trouble......again, but I really believe this is a terrible rumor - and on top of what we're seeing now, it's a massive manipulation to bring the market down. President Obama supports putting up as much $$ as needed to bail them out (not his fault - seeing as though the US represents 40% of the international monetary fund its no wonder a bailout pkg has been put together). My broker mentioned all of this to me last year sometime, the system in Greece is messed up, education is free & corruption is insane (black market) and civil servants are eligible for a pension sometimes as early as age 45. What a life.Tax evasion is a way of life and deep rooted in the historical lack of trust in the corrupt socialist government. I believe, as we do here in North America, that you should pay taxes or go to jail. It may seem insane that people are protesting... On the other hand all the citizens see is a corrupt government who has done them wrong, a strong currency (Euro) which spells more trouble for the general public in a recessionary environment and the inevitable raising of taxes in a country that is not accustomed to a normal tax system in the first place.When I said Greece should sell Corfu I was half joking, but really - it's a great idea. Corfu is beautiful and could be viewed as a strategic asset to Greece. It's their fault they're in this mess, no one else's.My broker told me about an article he read: Greek government officials when asked by the EU how much land the government owned and where it was they did not have a good answer..... They actually answered "We don't know exactly".....unbelievable!! Government officials line their pockets and the public finds a way to survive by having no choice but to participate in the same corrupt game; it is now so ingrained and has become a way of life for many many years. It will take huge and drastic measures in order to implement change in that country and for it to actually take effect on a wide scale.Greece actually booked 10 years of forward lottery revenue the year they applied to be a part of the EU and pretty much lied to the EU about the state of their balance sheet (as this was not re-occuring revenue and the very next year that revenue was not on the balance sheet.... obviously nor would it be for the next 9 years!!). Lottery revenue is something like 20% of Government revenue there....!! Talk about fudging the books.. Greece is sort of like Enron from that standpoint. So yes! I think the Eurozone should break up, if there is no power to devalue your currency then the EU, along with the other countries and IMF, has no choice but to bail them out. Even with that much of an aid package. The only reason the U.S. will come out of this crisis is because it has the ability to devalue its currency via huge injections of cash (pay back debt in the future with dollars that are worth less than they are today) of which will inevitably create inflation......when, who knows, but it will happen. I look at it as a capitalist. It is my hope that the tax system will get restructured eventually but in the meantime there may be amazing properties selling for cheap. We may even go shopping for a property there in a couple of years.....even though it will take much longer than that to sort this mess out. It is my belief that most of Greece in 50 years will be owned by foreigners anyway."

5/5/2010 CINCO DE Mayo Watchlist

@kunal00 — Wed, 05 May 2010 13:13:05 GMT

this is what we had in the blog yesterday as kind of what we expected.We now have had 3 major distribution days during the past two weeks. While the market has been resilient, it's tough to ignore what's going on in this consolidation range. See the big nasty red down days..they are followed up weak up days.. Thats a distribution pattern.My guess today would be for a down days since we had an up day yesterday. Thats been the pattern.Days like this there is no need to get heavy and trade big positions.. We will load up on stocks near support if the opportunity presents itself and just daytrade or trade breakouts.___________________________________________________________________________________Well the market did what we expected but strenght of the selling took me by surprise a bit but that has been the pattern. On these type of days its important to stay tight and trade a bit lighter an tighter.Unfortunately I was a victime of the overtrading jinx yesterday. With the big gaps up in $pnx and $ship I really should have taken the huge profits and called it a day.Instead mother market teabagged me and my rabid stock libido with 8 blows to the cock and a slashing of the scrotum as all the "deals" that were presented got the best of me. But im a firm believer in you buy when others sell so I stuck to my guns and thats what I do. Its work for many of years for me and during the present moment the intraday unrealized losses can be quite uncomfortable. but this is the thing. Right now we have a market structure for the past 1 year and 1 month that all dips are defended. So I am not going to fight that trend. Now if I see a confirmed nasty breakdown (and it looks like we potentially might have one) Then I will take my losses and reorganize and go short. No big deal. But i never change my thesis after 1 or 2 days of losses as I have a whole years of exponential gains to sit on.P.s. Im an idiot of epic proportions... in my other account i had 5k of pnx that i bought at 3.22 after earnings...and i sold not a single share at 3.80 and rode it back down! i used no stops or trailers! i just forgot.....uggggggggggggggg. talk about taking one up the keister with a serrated kebab knife____________________________________________________________________________This is the look today. We are gapping down again. A break through 50dma. The good thing is market is getting a bit oversold. Breakdowns tend not to have a high probability when mkt oversold. Im giving it a bit of Leeway as the $spy 116 mark is my threshold of pain. Now we got 4 confirmed distribution days... This adds to the probability of a breakdown. Im still not there as i was fool by this in January. But i give it a 50/50 shot.In the meantime I will be building lists. Dip lists and Short lists. if the market turns higher keep an eye on this. VG been testing the 1.80 mark forever. Im not adding it just yet as I noticed everybreakout i tried to trade yesterday failed and some where picture perfect setups ...setups that i have nailed for years for 30% gains in 1 day but they failed.One easy way to trade in this market.. Look for stocks That are sitting on 2 layers of support. Price supprt and moving average. That typically will make a super support. If u swingtrade thats the best way to go as ur risk will tiny as u stick a stock under support.

My thoughts on RINO

@stockgod — Mon, 03 May 2010 15:47:22 GMT

I started buying RINO in the $8 range when they first came to market. I prematurely sold all of my stock by $20, and the stock blasted over $30. Since then I've traded it, but I haven't tried to take down a new position, until last week. The stock has been getting destroyed as of late, the chart is extremely ugly. So normally you'd run away from a stock like this, but I'm convinced that clean water and water treatment is a massive problem in the world, especially in China. Their last CFO had very little experience dealing with U.S. markets and I always questioned how they dealt with their cashflow. That said, the last conference call was a disaster. It was clear that the company needed to do something. They needed to hire the right people with the right expertise to deal with the U.S. market and cater to U.S. investors. Not to mention the fact they need to manage their communication appropriately. Their website sucks, etc. Well, the news today is extremely bullish in my opinion as it shows the company recognizes the importance of the U.S. stockholder base. I grabbed the following quote from an online forum - I completely agree with the poster. "There were THREE important personnel changes announced today. I have shown the changes below with why they are important to U.S. holders: 1)New CFO - Former Brean Murray analyst and CFA. This means he knows not only what to do, but what it means for the U.S. investor and how to communicate it. 2) New CSO - American, rolling out RINO's U.S. strategy. 3) New CEO Assistant - "extensive experience in the U.S. capital markets and will assist with all shareholder and corporate communications". This means a real emphasis on understanding the stock price and investors. I cannot imagine anything more positive for the stock. The is a huge step for any Chinese company." I tend to agree, it does appear that RINO is committed to building a real company with real shareholder value. ..and believe me, if you've been following the company, their communication is horrible - and moreover the last CFO needed to leave the company, I'm glad they transitioned it appropriately. My current position is average at $17.54... I could have bought a little later, but whatever, I'm sure it'll be fine.

Oh My Goodness CYCC news is awesome!

@stockgod — Sat, 01 May 2010 2:07:56 GMT

Oh my goodness! I'm sitting outside right now enjoying the mountains. I just cracked open a fine ass Barolo and I'm enjoying reading the news, when suddenly I came across this crazy press release that I somehow missed earlier today: "Cyclacel Receives Complaint Filed by Celgene Seeking to Avoid Certain Cyclacel Patents" I cannot believe how awesome this press release is for long term shareholders on CYCC! So I search Yahoo Finance and Twitter to see the reaction and I found that some people actually sold their shares on this news! To make matters funny, some knob who is constantly bashing my picks from NEP, to LIWA, to CCME, (to everything I made money on) said CYCC is going to 10 cents on Monday! HAHAHAHAAHAHHAHAHAHAHAH!!!!!!!!!!!!!!!!!!!!!!!! LOL!!!! How do I type in enough HA's to show you how hard I'm actually laughing? Okay. Now that I got that off my chest, let's go through this press release so I can explain. "BERKELEY HEIGHTS, N.J., April 30, 2010 (GLOBE NEWSWIRE) -- Cyclacel Pharmaceuticals, Inc. (Nasdaq:CYCC - News) (Nasdaq:CYCCP - News), a biopharmaceutical company developing oral therapies that target the various phases of cell cycle control for the treatment of cancer and other serious disorders, today announced that it received a complaint filed by Celgene Corporation seeking a declaration from the court that four Cyclacel-owned patents, which claim the use of romidepsin injection in T-cell lymphomas, are not infringed by Celgene's products and are invalid. Cyclacel and its counsel have not had an opportunity to thoroughly review these filings. The four patents cited in the complaint do not involve Cyclacel's clinical development candidates nor its commercial products." First, you should know my background already I think. I have filed many patents in my career, helped to develop major intellectual property which helped change an industry. Having been through this before, when a big company asks a court to register a small incumbent company's patents as invalid you know they are worried about a potential lawsuit. This is not bad news for CYCC, on the contrary, this is good news! The company wants to ensure that CYCC patents are invalid so they don't get sued down the road. CYCC is *not* infringing here, CELG is potentially infringing on CYCC. The funny thing is Cyclacel have not had an opportunity to review these filings! To put it in perspective...it would be like Apple creating an iPad, while some dude in Florida is sitting on patents for the iPad design and interface yet didn't raise an issue. Apple would be "alerting" this guy of the patent. So funny. That said, Cyclacel has many patents, another reason I love this deal. CYCC has patents for each and every form of CDK inhibitors, and for almost every form of disease type. ..and apparently they have patents that Celgene is worried about. It's a ridiculous portfolio! This news doesn't even effect the existing pipeline or research for CYCC. It also shows that CYCC has some seriously killer intellectual property that the "big guys" are concerned about. Anyone who sold their stock on this "news" should not be investing, sorry to say, but I bought your shares. Read again. CELGENE is worried that they MIGHT be infringing on CYCLACEL'S patents! HAHA HAHAHAH!!! HAHAHAHAHAH!!!!!!!!!!!!!!!!!!!!!!!!! Hey CELGENE, go F yourselves, instead of complaining to the court pony up some cash. Either buy us out, or pay the royalty. You won't get away with this. ..and thanks for the publicity, once your shareholders figure out what we do I'm pretty sure we'll get some new shareholders in the mix.Okay I'm done, have a great weekend! SHARE THIS POST EVERYWHERE!disclosure: my latest position is average under $2.40. I will not pay more than $2.40, and don't advocate people chase any stock at any time.

Turning $5000 into $100,000 tax free this year....

@stockgod — Fri, 30 Apr 2010 19:30:54 GMT

Okay guys here it is. I'm planning to take two fresh accounts, put 5k in each account. Through very aggressive and risky trade management I hope to turn 5k into 100k (or 10k into 200k). It's not going to be easy, and may require some serious patience, sometimes the accounts will be up, other times down. If you're Canadian we're going to do this tax free. How? First you need to setup a Tax Free investment account. You can do this as long as you don't have a tax free savings account. In Canada, if you're over 18, you're allowed to deposit 5k into this account and trade the heck out of it with ZERO tax liability. You are ONLY allowed ONE account, so if you have one at a bank you might see about moving that to a trading account instead. So if you make a million bucks, it's all yours to keep. IF you lose it, you lose it. My goal is not to lose it. I'm starting this exercise next week, and I will share the progress with the premium members of BULLS. I will share specific trades and blog screen shots of the progress as we go. I may not trade it everyday -- and I will probably do very few DAY TRADES, it'll be mostly swing trades as I'm better at them. I recommend you open this account at Questrade (if you're Canadian). It's easy to do and will take a few days for them to confirm. Get your $5k deposited and we'll make our first trade next week. MAKE SURE YOU OPEN THIS UP IN U.S. DOLLARS! Even though we may play some Canadian stocks, we want to settle in USD. Now if you're American I don't know how you can do it tax free, but you can certainly follow along - nothing wrong with turning 5k into 100k. BTW, I am opening one for my wife and one for me, might even do one for my mom. So to recap - what is required?- 5K in a USD trading account at Questrade (a registered tax free trading account)- Big patience, do not expect to trade everyday, don't keep asking for other stocks, don't over trade. - A Premium membership at Bulls, GOLD preferred you can chat with us in the Boom Factory and look for other trading ideas.- Don't deviate and take your 5k account and plug it with other stuff. I'm staying on course with this, not going to mess around too much.- This must be money you can afford to lose. If we lose it all, it was better than blowing $5000 at the casino.- We may not make the 100k mark, but it'll be fun to try.

Oil Sands are awake!

@stockgod — Sat, 24 Apr 2010 18:29:54 GMT

Well guys, I promised you months ago that when the oil sands started boiling I would post a blog. Last week I pointed out a stock that I have owned for awhile called Excelsior Energy. Months ago I said it was a good long term buy when it was under eight cents. Last week it was in the twenties, and now they have had two competing offers bringing the tick up near its 52 week high. As I am tempted to sell, I keep asking the smart people around me what they think and I keep coming up with the same conclusion. Excelsior is quite possibly one of the most undervalued oil sands stocks out there. I've heard rumors of takeovers and other b.s., but none of this sounds too far fetched. The company did make a deal with one of the best penny stock Investors/promoters out there. This guy is like a Rodman of Canada and he can certainly make a stock move. That is less interesting to me than the competing offer that came last week for almost double the price with potentially less dilution. The company already has a binding agreement in place, and perhaps there are other things afoot that caused them to decline it. Whatever the case, the oil sands are hot and few people know the junior Canadian oil and gas plays and players like my circle of friends. I will be sharing some of that knowledge soon, we plan to host a webinar for our premium members this coming Thursday or Friday with Kunal, Ryan and myself (possibly Leigh) on whatever charts or companies you want to speak about. In the meantime, watch Excelsior, I think it's a great buy under .30. Their assets alone are assessed at over three hundred million big ones - I would encourage you to check the press release. I'm not sure abouttheir American pink sheets listing, I preferdealing on the CanadianVentureexchange when possible. disclosure: iown a pile of ELE.a giant whoppingpile.

Breakout Stocks 4/22/2010

@kunal00 — Thu, 22 Apr 2010 11:59:28 GMT

The market is gapping down a tad if it regains strength after the open these are some of the stocks I expect to breakoutreits are still catching a bidme likesRAS pretty strong stock..I actually prefer accumulating this a tad before the breakout in anticipation of it. I will continue to add on dips and double up on the break of highs.I bought CPF in the boom factory in end of day 2.63 in anticaption of a gap up and breakout. Still looks goodZZ been trading funky....faked out a couple times but if it breaks highs of 4.00-4.05 it could run up to the next level. No longterm resistance till the 5s. If you notice the action and the size of the candles lately. This stock you might get stopped out a few times before you nail the b/o OR you can just give it a much longer leash and keep your stop loose.QLTY, SFN, POZN, PIR are all right there too.Keep an eye on the rest of the REITSMPG, BEE, ABR all bouncing off 20dma and should continue higher.Ive been trading fast lately...I will give a position update a bit later.

4/14/2010 Watchlist/ Position UPDATE

@kunal00 — Wed, 14 Apr 2010 13:12:10 GMT

My original plan was to shave off a bit of my positions as the s&p was struggling at 1200 coupled with overbought conditions and earnings on the way my feel was one bad report and we take a good 3-5% haircut. But the moustached men at JP Morgan have decided to jerry rig their earnings for a nice beat to keep this rally going!! So today if we hold this level on the gap up I shall be buying. The market keeps finding support on prior intraday lows which is what happened yesterday as we continue our slow upward grind low volume grind up 10 points a day...10 points a day. Kind of like dry humping a really hot girl in high school. Sure it feels good and its better than nothing....but it just doesnt leave you fullfilled. Im dying for a nasty swing here or there up or down. _______________________________________________________________________ Regardless the BF factory has been a redhot income generating machine as we can adapt to any environment. Some of the Big Gainers of the last few days from yours truly CT buy 2.07 (sold 1/2 2.12) still holding up 8% HEPI buy .99 sold 3/4s shares 1.15 avg up 15% TOPS 1.17 out 3/4s 1.23 TSFG buy .79 holding full pos AGEN buy .79 sold in the .9s for 15% gain HEB buy .80 sold .868 1/2 stopped out other 1/2 at .80 still holding JOEZ TSFG RPRX (1/2) GRAN and a host of others. Mr. @urbanryno had quite a day for himself too went long SNV at 12:20 at 3.49 - touched 3.69 PARDat 12:30 . went long 1.23. Touched 1.39 went long FBP at 1:30 at 2.81. Toched 3.06 ____________________________________________________________________ Finnies should be in play today..... also you should see some deadcat bounces in some of the stocks that had big blow off tops yesterday like $abk $rnn and others.. Keep an eye on TSFG CT GRAN Looks like BIOMEDs is repumping RNN as we speak causing a big gap up....this should ignite some of the other bios. Keep an eye on NBS and RPRX these both are set to fly. time your entries perfectly or you will lose 20% in a matter of minutes but if you nail it you could be making some huge gains. GRAN this is a low risk setup as you can stick a stop right under support (mental stop) as its a bit thin and the mm's will takeyour shares out if they see a hard stop

4/12/2010 Watchlist

@kunal00 — Mon, 12 Apr 2010 12:58:44 GMT

Looks like the funny men in moustaches aka "europeans" have saved the greeks even after years of being subjected to nudist male statues and silly things such as philosophy and mathematics....Looks like we melt up today.Things in play REITS, finnies near the bottom, all things energy as the funny business that was done this weekend will stomp on the dollar throwing commodities Im throwing some charts up.... Some are breaking out/near breakout. Others look strong but are extended and need to pullback.If you need help with entries ping me real quick...im in a weee bit of a rush as I do the work of many men. Or just buy stocks that are breaking our buy stocks that have pulled back to support and stick a stop underneath. (in strong mkts momo stocks will often pullback to 20dma) 1 2 next prev 1 2

Bulls Black Cards are running out...

@stockgod — Wed, 07 Apr 2010 15:47:38 GMT

When we launched Bulls Black Card Service we wanted to ensure that we delivered a premium product that our community would be happy to support. We didn't realize how popular and wildly successful it would be. This isn't a "stock picking" service. This is a complete learning tool, where you get regular training webinars, premium blogs, and at least 2-3 days a week to trade along side a professional options trader (lately it's been 5 days a week but we simply aren't charging enough to be able to maintain this and handle all the demand that's coming in). Other competing services charge over $1000 a month and you still don't get to trade as often as we do with a professional trader. The returns that our more experienced students are making are very impressive, and if you log out of the site and check out the front page of BullsOnWallStreet.com you'll see a list of testimonials that are piling up. Most of these people started with under $5000, and some are ready to quit their day jobs. These types of returns require disipline, education, and patience... because believe me when I say, if you just come in guns blazing and start loading up contracts without taking any of the course material you'll blow up your account. This is exactly why we're setting a ceiling on our membership base. To avoid further disruptions we are capping our "classroom" size. We simply want to make sure everyone is trading on a similar level -- we cannot have new users jump into the boom factory without taking the course material, and *all* new users must trade VIRTUALLY for between 2-6 weeks using a trading simulator before they use real money. So to make our service better we will be halting orders on Black Card memberships on April 12th midnight. We will not re-open it until someone leaves and/or our infrastructure allows it. Think of it like the golf coursethat everyone wants to join.Membership does have itsprivileges, and for those of you who are currently holding a Bulls Black Card membership, welcome to the family, we're running out of seats.As of April 12th the doors will be closed, no exceptions.

Market Recap/ Position Update

@kunal00 — Tue, 06 Apr 2010 22:58:09 GMT

Grind Grind Grind the market goes.Booooom Boooom booooom We go....40 points a day 40 points a day...till the big shocker today....the market was flat. everybody was waiting to read the fed minutes and the poooooooooooooooooooooof nothing happened. The world wanted "burrito Ben" to say he will keep rates low and its sounds like he will but still just grind grind grind. Without any nearterm catalysts and overbought conditions the violent swings in the market are just not present. Its a slow meltup With $uso (OIL) breaking out....there has been a madash to find commodity plays that are on its bottom causing a mad bullrush in commodity stocks... Mother market and her merry band of inflation groupies led by "burrito ben" are slowly reflating the market tick by tickthe banking sector got a lift from positive analyst comments today causing a run on the any bank that was near a bottom. You could see money just flowing into the filthiest most bankrupt of banks. You could see huge runners in many smallcap banks like $cpf $pcbc following some of the other finnies that ran last week ala $pmi $mgi $kfs etcIm not sure what to make of the market as im seeing a divergence between the indexes and individual stocks. Indexes flat..... Kunal00 bank accounts growing exponentially. how many days am i gonna kick mother market right in the baby maker before she stabs my scrotum throws me down a rusty elevator shaft and pecker stamps me on the face (yes mother market is probably a tranny). to be honest i dont know or care. When we pullback it will be hard but who the f really knows when that is so trade what you see and look for the "snap"______________________________________________________________________I was trading fast and furious today as there were b/o after b/o happening. These are the days you push the envelope and really grind out some big profits. I had to "heatcheck" myself a few times just to see if i was as hot as I thought I was.I didnt get to update all my positions on twitter as we were moving fast in the boom factory and i often wont/dont/cant get those on the regular twitter stream. Here are the trades from the last 2 days by yours truly..... I must say i am creating quite the masterpiece here.ACLS BUY 1.88 SELL 2.06 +++10% GAINPCBC BUY 1.86 ....... AT 2.15 (holding 1/2) +++++ 16%CRUS buy 8.21 at 9.33 (holding 1/4) ++++++SPIR buy 3.58 out 4.28 +++++ 20% gainRAS buy 2.02 at 2.25 (holding 1/2) +11% gainPNX buy 2.54 at 2.88 (holding 1/2) + 14% gainBBX buy 1.90, 1.95, 2.01 still holding got 1.95 avg ++ 3%KAZ buy 1.00 out 1.06 +++ 6% gainANO buy 1.60 out 1.68 ++++ 5% gainSHIP buy 1.19 closed at 1.34 (holding 1/2) +++ 10% gainCPF buy 1.80 closed 2.05 (full pos) +++14% gainLEI buy .879 closed .92 (ful pos)JOEZ buy 2.69 avg closed 3.30 (holding 1/4) ++20% gainCERS buy 3.10 out 3.29 8% gainB0000000000000000000000000000000000000000000000000000000000000000000000Msee guys thats what you get in the boom factory... you get these picks live. you think you would have made your subscription back??adios BBP

4/5/2010 MOMO Stocks

@kunal00 — Mon, 05 Apr 2010 13:02:42 GMT

ANOBEEBSETCIGXCPEFRGGRTHRPICGEJOEZKLICLABMHRMPGMSPDNFPPCBCPCYCRNNRUTHSFISMTXTUESWAVXI run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips.This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. This is a composite momo screen so not every stock is in the same mode some are near breakout some are near pullback, many are flagging. Lots are actionable So there are different setups in this group. 2 main things you will see in a strong market is tons of stocks right near a big breakout on this list. the other setup to be wary of is stocks that are pulling back to 20dma. In a huge momo markets stocks that are trending strongly will pullback lightly to the 20dma before taking off again. Many of the stocks on this list today if they are not at the b/o spot are right at the 20dma for a swingtrade.One thing I like to track is the changes in this list. New additions and also stocks that stay. The stocks that keep showing up on this list are showing continuous strength. That is a plus and something that should be watched closely. Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe.Notice stocks that fall of this list. They can be great short candidates. I use this list for daytrades, swingtrades, and breakout trades. Its a one stop shop.Stocks that could breakout today: CIGX JOEZ MHR FRG ICGEStocks on support that could be swung: WAVX MPG SFI PCBC NFP GRT MSPD 1 2 next prev 1 2

CPWM

@kunal00 — Fri, 26 Mar 2010 12:56:39 GMT

adfsaCost Plus is a beaten down retailer. If you notice over the last year from REITS, BANKS, autoparts companies. Any of these high rev high debt plays once they return to profitability an exponential move starts in them.Think of the moves in DTG, PACR, KFN, SRZ, BEE, MPG, GGP, DAN, and so many of the same. They all traded under 100m market cap but had billions in revs but big debt problems. The first earnings that come out when they return to profitablility sends them on huge runs.Now CPWM is gapping up. WE have been adding since 1.80 all the way to 2.20. Ive unloaded some shares here in the 2.580-2.60 area. If we get get a gapfade on this stock, I will load the boat.It has many of the same characteristics as PACR. PACR had very similiar numbers small mkt under 100m, over 1 billion in revs. When PACR showed they were profitable (a very small profit) then they showed they wont be going bankrupt a huge crack started. Shorts will cover and when the chart breaks there is a good shot of a squeeze.My plan is too add on pullback more shares in the 2.40 area (if vol is light on pb). The chart looks great.Cost Plus, Inc. Reports Fourth Quarter Net Income and Fiscal 2009 Results, and Provides Outlook for the First Quarter of Fiscal 2010...Press Release Source: Cost Plus, Inc. On Thursday March 25, 2010, 4:05 pmOAKLAND, Calif.--(BUSINESS WIRE)--Cost Plus, Inc. (NASDAQ: CPWM - News) today announced financial results for its fourth quarter and fiscal year ended January 30, 2010 and provided financial guidance for the first quarter of fiscal 2010.Fourth Quarter Highlights:$21 million in net income, a $39 million improvement over the prior year$11 million in income from continuing operations before interest and taxes, a $22 million improvement, compared with an $11 million operating loss last yearSame store sales increased 0.3% for the combined fis! cal November-December holiday periodSame store sales decreased 2.5% for the quarter due to significantly less clearance activity in January than a year agoGross profit rate for the quarter increased 340 basis points versus last yearCustomer count increased 2.7% for the quarter$13 million tax benefit for the net operating loss (NOL) refund was received in February 2010Fourth Quarter and Fiscal 2009Net sales for the fourth quarter ended January 30, 2010 were $320.0 million, a 4.6% decrease from the $335.4 million in net sales for the fourth quarter ended January 31, 2009. Same store sales for the fourth quarter decreased 2.5% compared to a 6.1% decrease last year. As previously announced, same store sales for the nine week holiday period increased 0.3%. Customer count for the fourth quarter increased 2.7%, offset by a 5.1% reduction in the average ticket per customer. Net sales for fiscal 2009 were $869.5 million, an 8.6% decrease from $950.9 milli! on in fiscal 2008. For fiscal 2009, same store sales decreased 7.1% dr iven by a reduction in the average ticket. Customer count for fiscal 2009 was flat compared to last year.Barry Feld, President and Chief Executive Officer commented, â€œWe are pleased with the return to profitability in our most important quarter. The Companyâ€™s core competency in unique and affordable seasonal gift-giving and entertaining products, augmented with a new customer acquisition campaign, reversed the negative trend in customer count and drove significantly more profitable sales in the quarter than a year ago.â€Mr. Feld continued, â€œDespite a 7% decline in same store sales for the fiscal year, we reduced our loss from continuing operations for the year (EBIT) by 32% from fiscal 2008 during one of the toughest retail periods on record. Fourth quarter EBITDA of $17 million compared to an EBITDA loss of $2.7 million last year clearly demonstrates that the recent changes to our merchandising and marketing strategies are the right ones to deliver po! sitive cash flow in fiscal 2010.â€Gross profit rate for the fourth quarter of fiscal 2009 increased to 27.4% from 24.0% for the fourth quarter last year. Last year, the fourth quarter gross profit rate included a $9.0 million charge to write-down slow moving inventory which, as a result of improved inventory management, was not repeated in the fourth quarter of fiscal 2009. Excluding the $9.0 million inventory write-down last year, gross profit rate increased 80 basis points.The gross profit rate for fiscal 2009 was 26.4% compared to 26.0% for fiscal 2008. Reductions in the cost of merchandise were offset by promotional activity required to compete with aggressive discounting among other specialty retailers, particularly in the furniture category. Additionally, sales in consumables which have a lower margin rate continued to outperform home furnishings putting pressure on the overall margin rate. Occupancy costs for fiscal 2009 increased 90 basis points ove! r last year primarily due to decreased leverage on lower same store sa les. To date, the Company has executed or obtained agreements in principle of $15 million in rent concessions under its rent abatement program, of which $4 million was realized in fiscal 2009. Negotiations with landlords will continue for the foreseeable future.Fourth quarter selling, general and administrative (â€œSG&Aâ€) expenses include charges for the following:$0.3 million non-cash impairment charge to write-down property and equipment net of deferred rent and tenant improvement allowances for five stores that closed during the first quarter of fiscal 2010 compared to a $0.8 million write-down last year related to the eight continuing operations stores that closed in the first quarter of fiscal 2009.$0.4 million severance charge in the fourth quarter of fiscal 2009 compared to a $1.2 million severance charge for the work force reduction in the fourth quarter of fiscal 2008.$0.4 million non-cash impairment charge to write-down property and equipm! ent net of deferred rent and tenant improvement allowances for two underperforming stores that we do not plan to close compared to a $0.9 million write-down last year for seven underperforming stores that we do not plan to close.Excluding the items listed above, SG&A expenses as a percentage of net sales were 23.9% for the fourth quarter of fiscal 2009 versus 26.4% for the fourth quarter of fiscal 2008. The decrease in SG&A expenses as a percentage of net sales for the fourth quarter and fiscal year were due to the Companyâ€™s cost-cutting initiatives, including store closures, which resulted in lower payroll, advertising and other controllable expenses. Excluding the items listed above, SG&A expenses as a percentage of net sales were 31.1% for fiscal 2009 compared to 32.7% for fiscal 2008.Store closure costs related to closing the eight stores classified within continuing operations were a gain of $0.5 million for the fourth quarter of fiscal 2009 and an expens! e of $5.8 million for the year. The $0.5 million gain in the fourth qu arter is the result of favorable lease buy-out settlements. There were no store closure costs in fiscal 2008 relating to closed stores that were classified within continuing operations.For the fourth quarter of fiscal 2009, the Company reported earnings from continuing operations before interest and taxes (or â€œEBITâ€) of $10.7 million. The following table provides comparable EBIT and EBITDA results on a GAAP and non-GAAP basis:Fourth Quarter Full Year(Dollars in thousands) FY09 FY081 FY09 FY081Income/(loss) from continuing operations before interest and taxes (EBIT) $10,677 ($10,867) ($48,046) ($70,659)Excluding impact of: Property & equipment impairments, net 680 1,670 1,142 1,902Store closure costs (518) _5,799 _Corporate workforce severance 383 1,160 383 1,160Permanent write-down of inventory _ 9,005 _ 9,005Rev! iew unsolicited offer from Pier 1 _ _ _ 2,800Non-GAAP EBIT $11,222 $968 ($40,722) ($55,792)Less impact of depreciation and amortization 6,414 8,187 28,549 32,847Non-GAAP EBITDA $17,636 $9,155 ($12,173) ($22,945)1. Amounts for fiscal 2008 have been restated to remove the impact of the discontinued operations related to the 18 stores classified within discontinued operations that were closed in fiscal 2009.Net income on a GAAP basis for the fourth quarter of fiscal 2009 was $21.1 million or $0.95 per diluted share versus a loss of $18.3 million or $0.83 per diluted share for the fourth quarter of fiscal 2008. Net loss for fiscal 2009 was $63.3 million or $2.87 per diluted share compared to a net loss of $102.7 million or $4.65 per diluted share last year. In the fourth quarter of fiscal 2009, the Company had an income tax benefit of $13.1 million primarily as a result of a rec! eivable that was recorded for a tax refund that was received in Februa ry 2010. The tax refund was related to the Worker, Homeownership, and Business Assistance Act of 2009, which was signed into law on November 6, 2009, that allows taxpayers to elect to carry back net operating losses for additional periods.The Company ended the year with $48.5 million in borrowings and $12.9 million in letters of credit outstanding under its asset-based credit facility compared to $38.5 million in borrowings and $13.5 million in letters of credit last year. The revolving credit facility is asset-based and expires in June 2012. At the end of fiscal 2009, inventory levels had declined 18.8% year-over-year. The reduction in inventory is the result of store closures, planned decreases in SKU (stock keeping unit) count and lower weeks of supply.As a result of its credit agreements, inventory reductions and minimal capital expenditure requiremen

3/24/2010 MOMO stocks

@kunal00 — Wed, 24 Mar 2010 13:22:55 GMT

These are some stocks that look to be cutting loose that are either sitting on support or near breakout levels. The key when trading these is the entries. Buy only on the break of resistance or if its a pullback trade get the stock as close to support as possible with a tight stop underneath (to limit risk)BEECPECYCCGNVCIDTJOEZLABLTXCMRTPACRPEIXSMTXWAVXXFN 1

I Actually Have a Passport

@stockgod — Wed, 24 Mar 2010 4:50:11 GMT

Human nature by default is not very encouraging. The majority of people would rather watch a train wreck then beautiful scenery. The majority of people would rather watch you fail than watch you win. This is a fact, sad but true.One thing that you should always remember: Winners love to see people win and will always be winners... Losers love to see people lose and will always be losers.You'll find as you get more successful the "losers" come out of the woodwork and try to take you down to make themselves feel better. I promise you though there are many good people out there, you just have to find them. When you find them, learn from them and share ideas. There are no gods or gurus out there.Let's talk about China for a bit. I received a number of tweets in the last few weeks, many of you have noticed some of the hatred coming out of nowhere. Some of the most ridiculous tweets I receive are on China. One of them was from a guy who I actually respected, until he openly attacked me basically saying I knew nothing about China. ...yetI travel to China at least once a year (at least), and I've been investing in foreign markets for years. I've also consistently booked returns over the last decade investing in the market.We caught the bottom of the market, including China. We rode it all the way up. For example, I bought $PUDA at 30 cents, he shorted it at $7, and it went to $10. Out of spite? Who knows, he shorted $NEP at $8 calling it a book cooker... Sweet. I think the list of wins we've had this last year are countless, many of them China based.Another anti-China tweet: "Chinese Lotto: Any and all Chinese stocks. Most are nothing more than card tables in a fetid Mandarin alley."Brilliance I tell you! I know it sounds harsh, but guys like this are a dime a dozen. I bet he watches Fox News, he doesn't own a Passport, he gambles, he's unemployed, he may believe Iraq has weapons of mass destruction, and he still believes the U.S. is the #1 economic power in the world. Get out of the bubble guys. You're wrong about China. Not all China stocks are scams and not all Communists are evil. You need to get your heads out of your arses, or not, your choice. Not ALL China companies are good either. In fact I would venture to say that most of the China IPOs that are coming out now are garbage, I've seen many, I get calls all the time from all the major firms who help build awareness for these new China companies. So far, touch wood, I've been pretty good at sifting through the garbage and finding the winners.Keep in mind, most American IPOs are garbage too. Yeah, that's right, I said it. MOST IPOs in general are garbage. I was looking at my RRSP today. I found my MEE is still there. I bought this stock at $12.35, and Massey is now around $50. That's nearly 5x from where I bought it less than a year ago, and it's American. My point is we saw a bottom like we've never seen in 2009 on all stocks -- but especially American ones, we'll probably never see it again... So where do you think some of the China stocks we're buying will be in a year? I guess we'll see. People are just catching on! Jim Cramer isn't there yet, but he will be... and when he is the herd will follow. BTW, I do believe there is risk in investing outside of North America. It's always the case, that is why 30% of my portfolio is China. It's always best to mitigate risk.. but mitigate risk does not mean wearing blinders and being ignorant to what's happening around you. Wake up, put the beer down, broaden your news beyond the bubble.. Invest in a satellite dish and maybe watch CNN Asia or the BBC. There are things going on outside of the country that you should be paying attention to.As I always say, luck is for losers, so I won't wish you luck... but I will wish you well. Take care, and thanks to all of you who continue to support us regardless of the noise!disclaimer: I am long many China stocks, but I am also long some great American and Canadian stocks as well. While it may seem as if I'm generalizing on the people who are bashing China, it's sort of a joke - sort of not. I truly believe ignorance is one of your biggest enemies when you're investing. Other very big enemies are pride, hate, and ego. Put all of that BS aside and you may improve your swing. I watch Fox News sometimes too.

The Day That Went BoooM: Market Recap

@kunal00 — Tue, 23 Mar 2010 21:49:09 GMT

Oil flat.Gas flat. Dollar up a tad. Normally that would tell me that we are due for a dip on the day.Mother market and its merry band of reinflation groupies have kicked up the market for the 16th time this month.Why the market goes everyday jeee if I know. The volume is anemic but the volume tell has been not a good tell in this market the last 6 months. The dang Russell 2k is up 19% from its feb low. Ive got 6 brains and eyes on the back of my eyes (if that makes sense) and even I cant figure it out.But in the end who cares! We are drunk and loving it!!My guess would be that there is no other place to go for returns.What are you going to do go into FidBank ($dear) and give them 5k and stick in a CD yielding nothing? Are you going to trust the Gigantic circle jerk we call “the European union”? that seems wise!! You can watch the Greeks beg the germans for reperations for subjecting the world to sauer kraut and that whole world war 2 thing and in retaliation Germany sends their top secret agent Hanz Franz Kraut to commit espionage but he ends getting drunk on Humus and Uzo and gets caught peeing on the Parthenon. In the end this is still a long only market.The best way to hedge ur bets or use proper risk management is to increase/decrease the size of your positions when you see a potential dip or a run coming. Regardless of my very very wary stance on this rally and its merits.We are enjoying the fruits of the run as we trade what we see not what we feel.The last 2 days have been so hot I bet 99% of money managers or mutual fund guys couldn’t do it in a year. We make picks everyday. Its not easy putting it out there for the public. Now you have a record that people can track.Sometimes they bomb like EGMI. But hey we own up to it and know that its a 1 out of 1000 instance. CCME 14.68--- We were adding in the 8s.And even yesterday adding it at 12.20!!! nice nice. Multiday runner. PALMdaytrade 3.77 to 4 bucks in 1 hour CPWM loading huge at 1.80close at 2.45 for a 30% 1 day swing JOEZ 2.54 to 2.80 +++ 10% (heck I gave it to you 1st at 1.55!) SNSS .75-.85 ++++++++++10% gain ona daytrade AEN caught the breakout ppppppppppperfect at 1.25 sold some 1.31-1.32 and last part flat at 1.25 Do I get some dogs yep…PESI a stinker right now. KFS stinker But the advantage of being on BOWs is you get 4 traders and all our picks. You’re not subjected to the hot and cold of one trader who a whole service is built around. We got 4 traders, 4 styles but everyday we are hitting them. One of us always always has a hot hand.@urbanryno is even hotter than me the last month.That’s what you pay for and that’s what you get. Sure there are a ton of freebie 3rd rate chatrooms where people just throw out endless babble and its basically a talk forum with a pick here and there.The boom factory is a room where you are bombarded with winner after winner. DD after DD on stocks.Twitter has an endless number of places where you can go and get “ideas”.There are wannabe traders with Fancy twitter names claiming they “chop wood”watch them.There are so called “money managers” or hedge fund guys whowill Pecker Slap each other off shorting a China name for a 5% gain wooooooo wooooooooo.Only prob is they shorted a dip in the stock that we rode from 6 dollars to 10. hmm. Sounds a bit better than getting lucky on a 5% trade. That’s what you get on twitter. People hiding behind avatar’s and fancy names calling out abstract ideas, picks with no entries, and never mentioning their losses.We are a bit diff. See that face on my avatar, that’s me.You know my name.You know Stockgods, ryno’s, coppertl’s.You know who we are, how we trade, and what we stand for. No hiding here. My name is KUNAL. I live in Michigan. I DON’T MANAGE MONEY PROFESSIONALLY…..I MAKE MONEY AS MY PROFESSION.

MOMO stocks 3/20/2010

@kunal00 — Fri, 19 Mar 2010 13:20:57 GMT

Here are some stocks with momo AEZ,APKT,BEE,CIGX,CPE,CYCC,ENT,FSII,GNVC,GSL,HAFC,HSNI, HUSA,JOEZ,LCC,LF,LTXC,MERC,MHR,MSN,MSPD,NLS,OCLR, PACR,PCYC,PEIX,RNN,RXII,SANM,SOMX,SRZ,TEAR,TUES, UAUA,VHC,WAVX,WNC,ZANE,ZQK I run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips. This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. This is a composite momo screen so not every stock is in the same mode some are near breakout some are near pullback, many are flagging. Lots are actionable So there are different setups in this group. One thing I am noticing is that the composite of the screen has totally changed. Most of the china momo stocks are off the list. Also the number of energy stocks has dipped too. But the big flag Ive noticed is that before it was 50/50 the split between under 5 dollar stocks and above 5 dollars. Now the list is pretty much junk stocks. some of the major momo names like CAGC. Thats a Potential sign this rally is long in the tooth. the other sign i look at is the fact that many of the names on the list now are junk stocks like ZANE but also a good junk of them are breaking down or pulling back hard. When market is making new highs you want to see a majority of the stocks on this screen near breakout or flagging for a breakout. You want those names to be huge growth stocks that have had earning surprise or some other type of growth/earnings catalyst. This tells me I might need to trade a bit less, shorten my timeframes, and lessen position size by 1/2. 1 2 next BSWT8DDR5C8T

EGMI ... The mistakes I made and what I learned

@stockgod — Fri, 19 Mar 2010 2:11:58 GMT

So as many of you know I bought $EGMI sometime earlier in the year when I saw it dip down below $1.30. I bought it between $1.08 and $1.29, and sold 10% at $1.45. I then watched in horror as the stock dipped to $1.14, I added some, then to $.90, I waited, and to the .80's where I said "okay I'm adding here... " --- I made so many mistakes in that trade, I don't even know where to begin. My biggest mistake was buying the stock when I knew management was shady from day one. I always said I never trusted the management team, they were incompetent, the pending Poken deal sounded like a joke, etc. The one thing that kept me coming back was the numbers/value, and the hope that management would get their assess kicked and a new team would be formed. I can't blame @iancassel for me buying the stock. Anyone who blames him is looking for a cop-out for their own loss, rather than owning up to the fact that what we do is risky. We are trading, investing, and collaborating. We need to recognize there's risk in every trade, especially the ones with a shitty management team. Ian was very open and honest with me the entire time, I knew his open market position in the company, and even knew when he took some off the table. He wasn't pulling punches on the management team either. He even supported the stock when it needed support. First: The tale of the tape and listen to Kunal Who knew what was about to happen? Well, for one the tape knew. Had I paid more attention to the stupid tape I would have seen the sudden volume bombs near the end. The stock was dropping fast because people were dumping their shares. Obviously someone heard something, and as I understand it one of the ladies on the inside, Anna Houssels, started dumping her shares as low as sub $1. While this lady was dumping I wasn't paying attention. Kunal (kunal00 on twitter) told me to stay away from it, he hated the company in general, but he also didn't trust the "pumper" side of the stock. Second: Google the insiders If I knew I was taking a larger position in the company I should have really researched the insiders. Go to Yahoo Finance, look at the insiders, and start to do some Google searches and you'll understand. One of the insiders, Lee Cole, was supposed to be the guy who could save the company. He was the previous CEO and he apparently single handedly created all the business for the company pre the new CEO Kevin Donovan. The problem is Lee Cole has been involved in a number of failed companies, all of them ended up in sub-penny land. Whether it's his fault or not, doesn't matter, his track record isn't exactly solid. Third: Trust your gut, and always mitigate your risk on a spec stock (don't be a hog!) The next thing I did wrong, my gut was telling me NOT to add when the stock went under .90. ..but like an idiot I saw people on Twitter buying shares down there, so I decided to double down. I went from a comfortable 50k position to 125k in a matter of two days. My biggest mistake was increasing this position. A position that I had little belief the management knew what they were doing, a position that was a falling knife. I just was completely enamored by the numbers. Now the position was still less than 4% of my daily trading account, but it's still a great deal of money. I know making it back wouldn't be hard.. but no one needs a loss of $125,000 (assuming the stock went to 0). Fourth: If the numbers are too good to be true, they probably are. The numbers are actually amazing on this company, assuming they were not fake. When the company got halted by the SEC I could not believe it. I immediately contacted the CEO Kevin Donovan who assured me the company was working on it. Email after email, I received very little back. Come D day when the stock re-launched with NO NEWS I watched as the stock dropped down to .10. I tweeted out that buying EGMI under .15 might be a good gamble (and it was). The stock shot up, and I basically liquidated my entire position at .35 --- but 2 minutes later the stupid company FINALLY launched news saying they are certain the assets won't change. What?! You mean to say you IDIOTS waited for the stock to open, so innocent traders would dump their positions down to .10 and then you'd announce you had the money? Well that was the final straw for me. The stock went up a little, but now it's back where I sold it. ..and good riddance. As I understand it the only reason the press release was late was because they could NOT find Kevin Donovan to sign the PR. Look at it and you won't see his signature. Want to know where he was? Rumor has it that he was drunk in bed. That's right. The I heard from a reliable source that the CEO of this company let the shareholders lose their shirts while he was drunk in bed. The SEC should have a field day with these guys, and I hope they do. and the Bitter Conclusion... Now that's a bunch of shitty circumstances. I took a big loss, roughly 80k --- but considering I thought I lost 125k I say I did pretty good. It hurts to think that I could have bought a 911 Turbo and driven it into a tree, I would have had a much better time than babysitting this bag of paper. A big loss indeed, but again I did do a pretty good job of making it back quickly -- but it did take many large trades, and I also had to lose some of my swing trades to make it happen. It actually took me awhile to understand what I did wrong -- because it's hard to find fault in good numbers, crooks are crooks (assuming they are indeed crooks) - they could just be that stupid. I don't know.. and while I never like to see anyone lose money, I wish all longs well, I would say there are better ways to repair your trade then to sit in this pool and hope they'll come around --- especially with all of these lawsuits.Either way, never again. I will not invest big positions in speculative stocks unless it meets the criteria above. Tape, Google, Gut, Numbers. TGGN. Last thing I'd like to say. I feel bad about anyone who followed me blindly into this trade. Although I was clear on the risk, and always made it pretty obvious that I didn't trust the management -- I never wish ill on anyone (not even my haters! - I secretly wish well for them every day). I am developing a number of strategies that will help make it back. As I said above I already made mine back, even before the stock re-opened. I just hope you learn from my mistakes above!

Crazy BULL

@stockgod — Wed, 17 Mar 2010 19:02:17 GMT

What happens when you get a stock that has no coverage, mostly retail investors, and great earnings with some uncertainty? Well, you get stocks like $LIWA, and $CCME, and $NEP (when it was in the 4's and 5's). When coverage begins, and analysts start due diligence on a company you usually notice a trend. The float gets smaller, the retail investor base gets smaller, and the stock upside grows. This is, in a nutshell, how great companies are made and bad companies are exposed. This is why $CCME is starting to explode. Some people refer to these stocks as "pump and dumps" because of the volatility, but they are no more pump and dumps than Apple from $190-$215, and back to $190, now at $225 again. There are too many new traders on Twitter that just don't get it, and that is why 95% of all retail traders always lose money.That is also why people make up fake Twitter names just to bash us... they don't get it.. they see me buy $NEP at $4, the stock runs to $11.50, and they end up buying it at the top. ..and they get mad at people like me.. Their fault, not ours. Most of the companies I buy are undiscovered, until they are discovered. $LIWA is full of retail investors, and therefore the volatility is nuts. People read one article, and they go nuts and start dumping shares. $FUQI crashed today on a serious accounting error. The first thing I see on Twitter are certain people automatically associating $FUQI with the rest of China, as if Madeoff and Enron were from Mars. Here's the bottom line. $LIWA has very little coverage for the moment. One analyst wrote a report on it and gave it a $20 target. Here is a link to that report. These guys spent the time to visit the company, kick the tires, go through the books ... and it's all there. That said, I am not a "full BULL" on $LIWA as I am $CCME. I like $CCME for four reasons; Good business, Good Auditors, Good Cash position, and Good Growth. Notice GOOD AUDITORS. $NEP is going through a transition now, and they will hire a good firm - because they are simply a good company. Many of these Chinese companies got caught with their pants down on minor to major accounting issues, and now we'll see the good companies will rise to the occasion. I will go full BULL on $LIWA once I clarify some issues regarding their SEC filings -- but I am still trading the stock because I like the company, the management, and the long term potential. I also like the growth with the ten additional production lines. by "full BULL" I mean I'm not betting the house on $LIWA, and I usually don't do this anyways. So we have ONE analyst covering $LIWA now with a "DOUBLE" target, around $20. We have earnings around the corner, with clear guidance that we'll beat. We have possibly two press releases, one saying when earnings are coming, and one with earnings. We then have our conference call, where I'll have many questions. the stock is sitting at $8.08 because of $FUQI and another stupid article from Chimin Sang. Remember this is the guy who said to buy $GAME at and after the IPO!! He has made many mistakes in the past, yet people tend to believe the stuff he writes. He said to short $LIWA when it was $8 and it went to $14. He has been wrong on more than one occasion, he's a guy with a blog and a computer. Don't let people like him scare you --- do the research, find the holes, and mitigate your risk accordingly. We also have Rodman throwing a $20 target on pre-annouced and FY 2010 guidance below. With Rodman you have to take it with a grain of salt, normally. They are bullish on any stock they are involved with - however their track record lately on China has been very good. So what am I doing with $LIWA? What I always do. Buy it when everyone is scared, and sell it when everyone is bullish. I set buy limits, you've all seen them, and I tell people when I sell. I sold my entire position at $10 - twice - in the last month, and starting scaling in my position over the last 3-4 days. Anyone selling their stock at $8 should stick to a real job, that's about all I can say. With $LIWA I sell 80% of my position on the runs and keep 20% due to the insane volatility. The volatility will subside as less retail investors buy into it. Remember $LIWA is a raging bull, it's not an easy stock to trade, certainly not easy to hold. It makes you very queezy.... It's a real company though, with real earnings, and a real management team. Reiterate Outperform and $20 Target on Pre-Announcement and FY 2010 Guidance Today, March 2, 2010, Lihua International announced preliminary FY 2009 results, that came in above our estimates, and offered FY 2010 guidance. The company expects FY 2009 revenues of approximately $161.5mm, gross profit of $36mm and non-GAAP net income of $25.5mm (non-GAAP net income excludes ~$9mm in non-cash charges related to changes in fair value of warrants), which corresponds to Y/Y growth of 223%, 114% and 118%, respectively. We were expecting the company to report revenues of $155.7mm, gross profit of $35.1mm and net income of $23.3mm. The strong Y/Y growth was driven by the introduction of scrap copper recycling and cleaning facility, which expanded the company’s product lines to include copper wire and copper rod, capacity expansion undertaken in Q3 FY 2009 and a growing domestic demand for Lihua’s CCA and copper products, resulting in an ~50% increase in the company’s customer base. In addition to providing preliminary FY 2009 results, the company offered FY 2010 guidance, stating that it expect gross profit to grow 30 – 35% and non-GAAP net income to grow 35 – 40% Y/Y. Based on the preliminary FY 2009 results, this translates to approximately $48mm in gross profit and $35mm in net income, somewhat below our estimates. However, we believe that these numbers are very conservative and hence, we are making only slight tweaks to our prior estimates. During FY 2010, the company plans to add 10 new high-speed production lines, which should increase total capacity by about 40% to 35,000 tons. Six of these lines are expected to be completed in the first half of FY 2009, raising total copper wire production capacity to 25,000 tons, in line with its current total copper refinery capacity. This should also result in the gross margin expansion, since the company should be able to process its entire copper rod into wire, without having to sell the excess rod to smaller copper wire manufacturers for further processing. The other four lines are expected to be completed by year-end and should increase the total CCA wire capacity to 10,000 tons from the current capacity of 7,200 tons. The company plans to fund these capex plans with current cash on hand and operating cash flow. Reiterating Market Outperform Rating and $20 Price Target We are reiterating our Market Outperform rating and a twelve to eighteen months Price Target of $20 at this time. At today’s intraday price of $8.96 the stock is trading at 6.7x FY 10 and 4.8x FY 11 on a P/E basis, significantly below the peer group averages of 18x and 12.1x, respectively. On the EV/EBITDA bases, Lihua is trading at 4.2x and 3x for FY 10 and FY 11, based on our estimates, which represents a significant discount to peer group multiples of 7.6x and 5.8x. Our peer group consists of profitable Chinese companies operating in the industrial sector, as well as US and international companies operating in copper smelting and wire businesses (excluding outliers from the peer group average calculation).

Well I'm switching gears...

@stockgod — Tue, 16 Mar 2010 20:48:55 GMT

I've been trading using Twitter for the last year. As more and more people join the site, I've noticed an increase in the number of followers that I've gained. Needless to say you do not earn 3000+ stock-related followers by making stupid moves. I think most of my followers will agree that I have done everything I can on creating successful research for long term investing. Some of our best wins for the year include: AAPL, ARMH, BAC, BCS, CCME, CENX, CELM, CHOP, CYCC, DDRX, GRO, LLEN, MEE, NXG, PCX, PUDA, LIWA, NEP, RINO, RNWK, SPU, SRZ, TRIT, VVUS, and the list goes on and on. I remained bullish throughout 2009 while many challenged me along the way, no doubt about it we made the right moves and aligned with some very smart people. I'm still holding many longs that I'm very excited about. I find the increasing traffic and questions on Twitter to be overwhelming. I have a number of personal projects, not to mention work research that I've been developing. I wanted to start the Twitter trading thing to see if good people could help others do great things, and based on the mostly positive feedback we've received I think we have done pretty well. That said, my time is of the utmost importance to me. I am still always happy to help people, if you want to ask me questions join me in the Boom Factory, or ask questions in the premium blogs. Whatever questions you have I'll be here to help everyday. In the meantime you likely won't see me tweeting my trades on Twitter anymore. I may comment on large trades, or companies that interest me.. but I just feel it's time for me to put more focus on my research. @copperstl has also made a similar decision awhile ago, you may notice she pulled back on her setups and tweets, but it's helped her stay focused in the black room and we all appreciate her for that. Her focus has inspired me to make a few changes to help with my research. So again, I'll still be here, but if you have questions on trades or fundamental research on companies then join us on BULLS Premium so we can continue to build the site and add value to our premium subscribers. ..and sincerely, for those of you who have followed me since the beginning -- thank you for all your support. I especially want to thank Leigh @copperstl, Kunal @kunal00, and Ryan @urban_ryno for making this so much fun! I have had an incredible year.. and I promise you we will continue to slay the market as we did in 2009 going into 2011.

banks banks banks

@kunal00 — Thu, 11 Mar 2010 14:29:01 GMT

with those knob gobblers at $c finally breaking out its seems many of the banks are preparing for a run or are running currently here are som favs snv breaking out over multiple layers of resistance...Looks good pnx really needs to clear 3 i might add a starter pos on a dip and then go balls deep on a break of 3 but looks pretty good...its gearing for a big run KFS is near cutting loose..im adding on dips close to support in the 1.7s and 1.6s with stop under and i like $dear it keeps fading on pops but you can buy close to support and keep selling the pumps and then buying back near support stop underneath

Daughter's Starter Account 1 month update

@copperstl — Sat, 06 Mar 2010 23:33:55 GMT

Starter account update.pdf Reminder: she's a student that trades before class in the mornings when she can. This is all she is allowed to start this account with ($1994.00) on Feb 5. The goal is to pull a consistent paycheck. The market value of current positions is the 424.00. She's high cash so she can day trade. And yes, she day trades this account. She's made classic new options trader mistakes: got excited, forgot to kill an order during a run, and was filled too early, entered the wrong month, missed an exit. She must learn too; we've all been there! This is a normal starter account amount. She'll place tax money in another vehicle to generate revenue a bit safer, while allowing the account to grow and provide her income concurrently. I added Mar 9 update here. Note the amount of trades today. Jocelyn's update Mar 9

Jim Cramer will be late on China

@stockgod — Sat, 06 Mar 2010 16:59:04 GMT

I always try to watch Jim Cramer on CNBC. I know, you're probably wondering why, but to be honest he has some good strengths & weaknesses and I like learning from others successes and failures. The one thing I'll say about Jim is he has a very unique way of digging into the fundamentals of a company, and if you listen to his reasoning it's actually not bad. That said, he is almost always late to the punch. I have been watching him for years, and though we all have hot & cold streaks, Jim Cramer is not riding the edge like many of the people who use new media are, including Team BULLS. I can point out many examples where Jim has been wrong and right, but when it comes to emerging trends he's usually late. Being late is okay for someone with decades of time to build their long term retirement portfolio, but if you're like us at BULLS we like adrenaline - and therefore we tend to stay far ahead of the trends. Jim was way late on coal this year. We were buying coal when it hit the bottom last year, and his reasoning was "Obama doesn't like it so coal is dead." - bad reasoning, and that is one of the many reasons I went bullish on coal. Jim was late on Apple, wrong on Palm - but then switched on it, and if I recall correctly he switched back again which really confused me... Jim claims to have been early on Bank of America. I remember buying the heck out of BAC and BCS at $4 each while Jim was bearish on banks. He claims he put it as a buy on his speculative portfolio but I never recall him doing this - perhaps I'm wrong, I just remember he was incredibly bearish on it. Jim DID call the bottom of the market in March, and I too was very bullish around that time. Credit to Jim for sticking with his bullish sentiment throughout the year, you can't fault him for that! We've all been wrong or right on some things, it's just important to understand how to mitigate your risk - also equally important is to get out of your comfort zone and think outside the box! The latest macro trend that Jim is sorely wrong on is China. He does not want you to invest in any Chinese companies, and prefers that you find American companies first. What's more, his reasonings are so outlandish I simply don't get it. What Jim hasn't figured out is American companies are investing HEAVILY in China, so using his logic of fundamental breakdowns, why would you invest in China via large American companies when you can find smaller component companies in China that work backwards into American firms? Whatever the case, call me a fool if you will - but mark this post. Jim Cramer will go bullish on China sometime this year. It'll start with one or two companies, and he'll make it pretty obvious that he's switched camps again. Along with Jim, many of the funds and traders that you and I know will all start digging harder on China. I wouldn't be surprised to see Jim decorate his studio red, and praise China for their government actions. He might even say "Communism in China actually works". Who knows. Maybe he'll pull out the gong. Rest assured when Jim is bullish on China we will be working on the next big emerging trend, which I'm already exploring. Travel starts soon! Anyways, this week check my ranges on a number of stocks I posted in the Boom Factory, they're all on fire - and there may still be an opportunity to buy on Monday.

CCME vs VISN

@stockgod — Thu, 04 Mar 2010 4:14:19 GMT

I've done a great deal of research on CCME. Both Kunal and I have owned the stock since it was TMI, we traded our stock out multiple times. Lately I've been building a massive position of the stock, and I usually don't like to get in too deep on any play - but this company seems to have a great deal to offer. After watching IDI fall significantly since my initial purchase, I felt I needed to dig deeper on CCME. So I did - I went through their numbers and business models AGAIN in detail, and it almost seemed as if IDI was in a completely different planet then CCME in terms of their business. That said, IDI numbers were not that bad, and the stock is still worth $10, trading at 5x earnings, so I continue to hold out for the long run. So like any good investor I continued to buy CCME on the dips and trade stock out on the rips, but lately I've just been adding, and adding, and adding. Yesterday VISN came out with their earnings and it was a disaster. The company was way overvalued to begin with, but obviously people are concerned that this may have an effect on CCME. So I know the two companies are different, and I know that VISN did an acquisition recently that they paid too much for - they aren't aligning properly, and their sales team seems broken. I found two great posts on Investors Hub that are accurate, saves me time from having to re-type them. From Redman_2014 From Super-Man I also found an interesting article from Chimin Sang, who I don't hold in high regard due to his brutal analysis of LIWA - in which he tried to take down the company when it was at $8, then went to $14 and he lost his shirt. Well he's back at it again, but this time he wrote an article on VISN, and it's actually pretty good. If anyone understands how an accretive acquisition should work it's me. These guys overpaid, it's that simple. How do I take him seriously though?

3/3 Kunal00 Buys & Sells

@kunal00 — Wed, 03 Mar 2010 20:43:42 GMT

As I had stated earlier i was going to 75-80% cash this morning on gap up as I a pullback was nearly certain and I was sitting on a mountain top of profits that would make ur local twitter trader blush.....Took nearly all morning but I liquidated numerous holdings in my swing accounts as the market had become shorterm overbought. Now this is nothing to fear as I trade on 5 day timeframes so overbought/oversold for me can change in few days. A light pullback in the indexes towards the 50dma's will be very healthy and a great buy opportunity. So I shall wait just daytrading/scalping very small (1/2 positions) till I get that. Many of the "locals" ask me "arent you afraid of missing out on the rally?" Ummmmm Ive just participated in it in the utmost way. See when people talk double dip recession, gloom and doom, Kunal00 is buying stocks. When you see Dr. Doom (roubini) and the Black Swan guy Pecker Tapping each other low fives over EuroPean debt worries the BBP starts buying stocks. The last 2 weeks I have traded like a Crack Addled CokeHead (if thats possible). Ive launched volkswagon sized grenades at my enemies. You know the funny men in non-descript chatrooms who lure the unsuspecting retail investor into their schemes. The last day and half in my daytrade/swing accts all $ipg in the 8.1s (7.62 buy ) 7% 3/4 $xtxi 9.7s (8.12 avg) 20% 2/3 $mpg 1.7s (1.53 avg) 12% gain 3/4 GSL 1.9 (1.7 buy) 1/4 ZSTN 8.9 (8.25 buy) 7% gain KOG 2.53 (2.47 buy) 2% MERC 4.5 avg (4.02 buy) 20% PLX 7.54 (7.10 buy) 6% FTK 1.35 (1.27 buy) CRIS 3.3 (3.37 short) booooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooom Just remember if your taking losses and nothing turning these bullruns into big cash you need to stop taking the advice from fat bikers rocking mutton chops who use fancy twitter names to lure people into there lair I did add JOEZ today at 2.11 GNVC at 2.6 holding 1/3 MPG CDII (1/2 pos) GRO SPU (all 3 flat) and down on a mega position of CCME (12.15 avg) This CCME situation has me slightly annoyed as BOWS own candy peddler shamed me into buying so much of this stock! I commited in eggregious error while Gchatting with my bows crew like a bunch of highschool girls last night. I noticed there was some light dumping in this name after hours. So kept throwing in low bids. Low and behold my luck was so great as everbid I threw was getting hit. 12.45, 12.20, 12.10, 12.05. b I just had no clue whats going on till one of our own heroic bows# folk let me know that VISN busted their earnings..... NEVER double down....its as useless as watching midgets hump a doornob later BBP maker of Booooom Master of Baaaaaaaaaaaaaaaaaaalllllllliiiiiiiin

MOMO Stocks 3/3/2010

@kunal00 — Wed, 03 Mar 2010 4:20:04 GMT

30 stocks with some serious MOMO behind them.AEZ,AHD,AMR,APL,BEXP,CAGC,CFI,DAL,DAN,EXXI,HUSA,ISSI,KEI,LCC,LIZ,LYV,MMR,MNI,MSPD,MTG,NEP,PACR,PCYC,RDN,RICK,SPU,TUES,UAUA,VCI,XTEX,XTXI,YUIStocks that could Breakout:AHD, EXXI, MTG, AMR, LIZ, MSPD, YUIIStocks that look great on pullback to support XTXI, XTEX AMRStocks that are flagging: MSPD, MTG I run scans all the time. Here is a scan I run to find find momentum stocks. EDV7FP7D36Z5

What is the Black Pass Trading Floor for Options?

@copperstl — Mon, 01 Mar 2010 23:16:50 GMT

Black Pass Quick vid overview:http://screenr.com/fCh

May I show off my "shorts"?

@copperstl — Mon, 01 Mar 2010 16:27:53 GMT

Part-time traders did very well last week (any full-time traders that played these set-ups did too). These set-ups were traded on my "auto-pilot" trading --here's how they worked out. Don't we love weeks like this? Shorts week of Feb 22

Free Bronze Set-ups for week of March 1

@copperstl — Sun, 28 Feb 2010 17:29:28 GMT

Bronze Set-ups Week of Mar 1 (download set-ups on .pdf) Hi Team! I sound like a broken record with my " high cash, smaller position sizes, shorter time frames" slogan. However, I am of the firm belief if one is to make it thru this period with working capital intact, this is the strategy. This last uptrend looks too weak to continue at this point; please be CAUTIOUS about opening new positions. Many reports are out this week --which could pull the market lower, keep us in this congestion period, or send us sailing higher once we reach key/critical support levels. I have to believe at some point the US dollar will retrace, allowing our commodities to bounce --boosting the US markets slightly higher. The volume or market strength remains lighter which compounds our sense of market direction chaos. Usually in March/April/May we see the markets pick up which allow us to move full steam ahead.....this year the question remains.....will we be steaming ahead on the long or short side of our trades. Low market strength, volume, and volatility makes it difficult to build solid swing positions. Many part-time traders are begging for swing set-ups (stock and options). I hear you; however, if I am not willing to place my dollars in a swing trade, I can't with conviction, build them for you to place your dollars on the line. The first page of the .pdf presents what I must see to build long positions relative to the S&P/ DJI levels. If we remain in this consolidation period this week, I will adjust targets to lock in gains and move to another trade. Growth positions update: $HYTM - I will evaluate this week whether to hold this position or swap out for a mover. My position isn't large....I practice what I preach (small position sizes) during this market period. I am certainly not adding. $CRXX - I will see how the FDA news plays out this week. I don't trade the news, but I don't ignore it either. Again, the position isn't my normal size build. $ETRM - still accumulating in small increments as opportunities present (still a relatively small position size) Remain cognizant of growth vs income set-ups/positions. Growth can take some time. If you need income, I must remind you that growth builds are not the criteria. If you aren't sure about a set-up from one of the BULL$ traders, ask! Determine if it is a growth or income trade to help you determine if the set-up meets your criteria. Facebook: copperstl Leigh Jones (my BULL$ trading page) www.bullsonwallstreet.com

Money Quotes from Syntroleum

@stockgod — Sat, 27 Feb 2010 0:27:29 GMT

I wanted to talk a little about one of my favorite companies. As many of you know I've been a long investor on $SYNM. I only traded out one full position once, but since trading it out in the $3's, I've reacquired my entire position back and then some. Syntroleum has had an interesting history. Many people dislike the fact that they are very conservative, don't pump their stock, don't care about day to day fluctuations, don't spend money on promotion, or a good website... etc. Let me just say, this company at one point used to be like many other American small caps. They did pump their stock, they made promises they couldn't keep, their last CEO was a great story teller... but over the years they developed, changed CEO's, and they now operate like a company should. No b.s., and that's a big reason I got behind them. Not to pick on anyone in particular, but RTK is a good example of a company that puts out needless press releases --- because quite honestly they need to raise cash, and they have a long road ahead. RTK could very well work out, but it's going to take a long time ... and they are nowhere near as far as SYNM. They just filed their 10-K, and the numbers were nothing short of awesome. That said, they did also mention the cost of the delays on their plant which amount to 20 million dollars, however 10 million of it will be fronted by SYNM and the other 10m by Tyson. It's important to understand the reason for the delay, and why the cost of 20m is associated with it. The delay was likely weather related. All major pieces of equipment and reactors have been installed, but the project encountered construction delays (of which we all knew about last quarter). The primary construction delay has been the installation of piping to connect the installed plant equipment. The cash impact of the delay added $20 million in costs to the total project of which Syntroleum contributes 50% (and Tyson the other 50%). This $20 million is not for "piping", but rather the increased working capital for operations staff, and financing costs that were previously expected to be funded by operations. Both parties have committed to funding the cost overrun in the second quarter of 2010. That's the "bad" news. ..but that's not really bad news when you go through the numbers. ..not to mention the fact that all the long term investors knew about the delay. Some financial highlights from the 10-K: Cash position of $25.0 million compared to a cash position of $10.1 million at December 31, 2008. Receivable balance of $3.3 million compared to a receivable balance of $0.5 million at December 31, 2008. Net cash provided by operating activities was $12.6 million for 2009 compared to net cash used in operating activities of $2.8 million for 2008. Total revenue of $27.4 million for the year ended December 31, 2009 compared to $4.9 million for the same period last year. Total net income of $5.0 million for the year ended December 31, 2009 compared to a loss of $4.1 million for the same period last year. Net income per share of $ 0.07 versus a loss of $0.07 for the year ended December 31, 2009 and 2008, respectively. The company generated $12.6 million in cash flow from our operating activities, which are derived primarily from the execution of key business transactions, for the year ended December 31, 2009 compared to using $2.8 million in cash flow from operations for the same period last year. Their current receivable balance is $3.3 million from current executed contracts and delivery of technology and equipment. They made a $6.0 million investment in Dynamic Fuels on April 1, 2009. So in a nutshell the company needs to come up with $10m to fund the delay, and they have $25m in the bank. Okay let's go to some money quotes that should make some of you long term traders smile. "This project continues to progress forward. Plant start up is scheduled for the first half of 2010 and full rate operations are expected during the third quarter of 2010." Full rate operations means 75m gallons of fuel will be scaled to produce yearly beginning in 2010. I fully expect their production to be under contract assuming the company continues to execute. "We continue to operate with 19 employees, of which 13 are engineers." In other words, they're running their business very efficiently. They don't spend money on b.s., they don't promote, they don't pump & dump, they don't spend money on un-necessary areas, not until they start making money. "Unlike conventional biodiesel and ethanol fuels, our Bio-Synfined™ fuel products can be used as a finished product and do not require blending to be used in existing engines." This means they could be blended or not. It's really up to the vendor/process. Thus if they are mandated to use a certain amount of "green diesel" in their fuel, they could blend Syntroleum in. If not, they could go 100%. "Our products can also be blended with petroleum-based fuels in any ratio. Our products can be transported through existing distribution infrastructures and used in existing automotive diesel engines and jet engines without modification." Jet Engines without modification. You hear what I'm saying? "The life cycle greenhouse gas emissions for our fuels are on average 75% less than for petroleum diesel." Yes, this is green fuel we're talking about, and we're starting to see major government mandates on green fuel technologies. "We expect demand for products created via Syntroleum®Technologies to result from government legislation." This is a huge statement. People need to understand that besides tax credits, there are mandates that will be put on major refineries that a portion of their refining will have to include GREEN fuel technology like SYNM. So that's basically it. I own a very large position of SYNM, I don't plan on selling for awhile, my average is now under $2.40. My previous average was under $2, I sold all of it over $3. This latest position is *not* a short term trade for me, and this stock has a longer term horizon. Please don't view this as a pump in any way, do your homework, read the history, read the 10-K, etc.

A Note On HLCS

@urbanryno — Fri, 26 Feb 2010 21:54:20 GMT

This is a quick response to the tweets and emails I've been receiving concerning the pain people have experienced in HLCS this week. It all started Monday night.I sent out a premium blog to the members of Bulls featuring HLCS. I called it 'my favorite setup' for Tuesday. I was looking for a 'long scalp or swing IF it gets to 1.10'. On Tuesday, it did just that, so I took a position at 1.10. I ended up holding overnight because of the volume strength AND it finished above SMA50.On Wednesday, it gapped up and I took 1/2 off the table.... before long, it started to pull back WITH volume. The second it fell back below SMA50, I sold the remaining balance. There is no reason to assume it will reverse back up when the downtrend is supported with volume. Also, HLCS has had numerous problems breaking and holding SMA50. Look at this chart - http://stockcharts.com/h-sc/ui?s=HLCS&p=D&b=6&g=0&id=p10832091529You can see the SMA50 fails in the past. The pullback Wednesday was time to exit and STAY out until it pushes through SMA50 again. Yes, we have support here, but I don't like it until it shows it really wants to turn out of a brearish decline. This means over SMA50 and staying there.Hope this note helps.

Busy Economic Calendar Day Tomorrow

@urbanryno — Fri, 26 Feb 2010 1:50:36 GMT

GDP: 8:30am ETdetails prior consensusrangeReal GDP - Q/Q change - SAAR5.7%5.7%5.4%to6.0%GDP price index - Q/Q change - SAAR0.6%0.6%0.6%to0.7%Chicago PMI: 9:45am ET details prior consensusrangeBusiness Barometer Index - Level61.560.055.8to64.3 Consumer Sentiment: 9:55am ETdetails priorconsensusrangeSentiment Index - Level 73.773.773.0to75.0 Existing Home Sales: 10am ETdetails prior consensusrangeExisting Home Sales - Level - SAAR5.45M5.500M5.340Mto5.750M

Check your OIL

@kunal00 — Mon, 22 Feb 2010 14:12:38 GMT

OIL been rip roaring with recent market runup. Our moustached frenemies overseas are padding their coffers last 2 weeks on oversold technicals, US market roaring back, Israel/Lebanon tensions (whats new) Lot of oil/gas stocks broke out already. Numerous others are near breakout or right on their bottom. I will play oil strenght in 2 ways. Stocks that are about to breakout or stocks right on bottom (near support in case oil turns). Word of Caution oil is shorterm overbought. Be swift Out of these stocks IOC and CRR are shorts if oil turns. Both are "Bear Flagging" right under resistance 1

Bronze Set-ups for week of Feb 22

@copperstl — Sun, 21 Feb 2010 23:29:59 GMT

Bronze Set-ups Week of Feb 22 This week, I hope we see more volume pour into the market. China was closed last week, as I mentioned, noting that we may see less volume--and we did. Well, China the country wasn't closed, their markets were closed for their Year of the Tiger celebration. (that came out wrong!) I have a few swings on the radar that aren't on the .pdf as I trade these frequently. If you notice I am "accumulating" under a certain price, that should be a first indication this is an intermediate swing. ("accumulating" would be the operative word here...I need time on my side to "accumulate") It's a growth strategy. If you need income, don't trade growth strategies! ETRM: 1.00 plus target HYTM: 1.00 plus target CRXX:1.47 plus target Let's review the market action. My late January and early Feb blogs noted I was anticipating a 300 point bounce (DJI) or 10225 to 10275 approx. I updated when this move was complete approx9 trading days ago. Thursday/Friday Feb 12, noted I was looking for an additional150 point bounce. I realized yesterday that is complete. If I take the mid number of 10250 (mid numberof the 10225 - 10275 set) and add 150 points, that brings us to 10400. Friday the market closed at 10402. (on low volume, but still reached nonetheless) What does this mean? It translates into my consistent strategy of remaining high cash with shorter time frames. If/when this market retraces, it can be substantial. I refuse to be caught in losing long positions when that happens. The first part of this week, I'll be looking for some sideways market action --which quite frankly can continue several weeks. I am a baby bear basically. As a day trader, I don't care which way the market goes. I trade what it presents. Flat market days, I may have to work harder, but I can usually pull out some day trades. Good job to the new options students who are learning the 1k strategy (called "proteins").My kid made approx $525.00 last week trading a few hours around school. Her account is 2 weeks old and up approx 50% with options trades. She started with 1994.00 --it's worth over 3200.00. You can do this. Many have commented how nice it is to go to bed with cash in their trading account and no worries about which direction the market will go....we'll simply trade what the market gives us. Many emails inquiries have come in last week, most conveying that you'll want to join in the options education/trading when you have learned to trade stocks. With love, let me tell you that you'll learn to trade stocks, along with options. Postponing on that basis isn't a valid point.Additionally, you won't be able to make the money we make trying to trade stocks without the leverage we have. So, if you want to learn how to make money with less working capital, I suggest you hustle with options eduation. Starter options accounts are around 1k to 2k. You will not be live anyway for several weeks or months. Please don't be left behind. This system works. And right now, I am willing to teach it. Happy Trading ! Leigh

EGMI... Too Good to be True?

@stockgod — Sun, 21 Feb 2010 16:48:53 GMT

When I make a mistake in an investment I usually spend hours reflecting on what I did wrong. As you all know, EGMI shares have been temporarily halted by the SEC. Without getting too far down into the details of the release (you can all read it on the SEC website), it seems to me that there is more to the story than we know. First, what did I do wrong? No one in their right mind could look at the numbers and say it was a bad bet. Indeed it was speculative, and I never once said the management was on point. I was really hoping the board would kick out the current management, go back to their core, and start focusing the business in China for growth. Here are the current numbers which are accessible to anyone. Unless the company hired a chef instead of a CFO right from the get-go these should have been accurate. - They have 12m+ in the bank - They have a debt / equity ratio of 0%. In other words they have no debt - Their return on sales is roughly 46% - Their return on equity is over 35% Whatever the case, there has long been a struggle for power at EGMI, I'm not sure of the exact details, but I imagine that the board & management are at odds based on the lack of execution over the last few months. I think this power struggle lead up to the events of last week. I believe there is a chance that they do have the 12m cash that they always claimed to have. We have no choice but to wait, and hope that there is something brewing internally and we'll hear all about it next week before the stock re-opens. Whatever the case, even if they have a glowing story and "it was all just a big misunderstanding" the stock will likely drop before it moves back up. If anything, I learned to stick to my core principals. I hate 99% of all American Small Caps. If it looks too good to be true, it probably is. This is why I like TRADING stocks like CYCC, and INVESTING in stocks like SYNM which is no hype, no b.s., just facts and assets that you can actually go out and touch. So what did I do wrong on EGMI? I can't be sure I did anything wrong yet. I won't say I did wrong until I hear the final outcome of this story, because it's simply not over yet. ..and I have little choice but to wait and find out the outcome. Usually these outcomes aren't pretty, but when it's all over I'll write a follow up blog.

WED 2/17/2010 Watchlist

@kunal00 — Wed, 17 Feb 2010 14:27:23 GMT

Well what a difference a week makes. It seems like yesterday people were ready to call it a day. 2 weeks ago people stopped trading and sold their positions and were ready to start new. Now the markets has swung in a big way and people are starting to put money into work. Looks like a sucker signal to me. We have had a fantastic run of late. Buy on the dip play still works just the dip was bigger this time. bottoms are a process even shorterm bottoms. I dont expect us to just run straight to new highs (even though its possible) Typically you have to hit resistance a few times before breaking though. Sentiment has really approved. People are getting giddy again. The market is nasty cheating whore and will always break your balls when you least expect it. Be wary of the trap. This would be a great time for her to roll over trapping everyone. Ironically if you want to see a real lasting rally we will need a slgiht pullback as another gap up today will unleash some overbought readings which couple with overhead resistance can lead to nasty snapbacks. Think of the market as a rubberband. The more you stretch in a particular direction the harder the snapback. ______________________________________________________________ As my style goes. when mkt gets overbought and near resistance I raise cash. Im at about 50% cash now in my trading accounts for some very eggregious boooooooooms. I will add positions on dips. In the meantime I will shorten my timeframes and trade quick breakouts. 1

Above 5dollar MOMO stocks 2/16/2010

@kunal00 — Tue, 16 Feb 2010 2:43:55 GMT

AMR, APL, CAGC, CFI, CGX, DPZ, EXXID, HZO, ICOC, INCY, ISSI, KTCC, LCC, LYV,MAPP, MEI, MMR, MNKD, MSPD, NEP, NOA, PIR, PRXL, RICK, SANM, SGI, SHE, UAUA, VLTRI changed the sorting on the scan as the market is still in precarious position and I am keeping mytimeframes very short. Im not building large swing positions but trading fast breakouts.Stocks that should cut loose tomorrow$amr $dpz $exxid $incy $mmr $noa $pir $sanm $she $vltr I run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips.This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. Lot of Airlines and Tech Plays. This is a composite momo screen so not every stock is in the same mode some are near breakout some are near pullback, many are flagging. Lots are actionable So there are different setups in this group.How to use this list?Highlight the tickers. Paste them into finviz. All the charts will show up on 1 page with all their fundamental data and news! That easy people. Then narrow it down to what interests you and voila. This list is very powerful.Few days ago? $issi or $mspd it was huge. Check the airlines. One of them is making a run everyday. A few of them look ready again to break out.Everyday something will breakout on this watchlist. $ivan last week It was flagging for days: then boooooooom Depending on your style of trading you can buy it in anticipation of breakout (with tight risk controls) or set some alerts and play the breaksOne thing I like to track is the changes in this list. New additions and also stocks that stay. Airlines has been a mainstay. Stocks like $lcc get played over and over as momo stocks Breakout. Then consolidate, then flag, then breakout again. This can happen over and over in a span of months. The stocks that keep showing up on this list are showing continuous strength. That is a plus and something that should be watched closely. Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe. Notice stocks that fall of this list. They can be great short candidates.What do you notice? How many posts have I done on $nep ? How many times have you seen airlines in these or @copperstl Watchlist. Lots! Heck a lot of these stocks I find them before they even make it on the momo list (I got a great feel for what will become momo) So that is what I focus my list on first. Also new additions. See NEP showed up for the umpteenth time. So this is a stock if im a trader I watch closely as it probably is ready to btfo over and over for the next couple weeks (and boy has it). There will be many seperate and different trades in it as it will move up, pullback, flag, breakout, pullback etc etcIf you track my twitter posts you will see me continuously play these stocks for daytrades, swingtrades, scalps. I will play them till the momo is over. I even take the stocks that have gotten ahead of themselves and are fading and put them on a "short list". Past few weeks I have shorted $biof $hpj numerous momo stocks. When market turns they fall hard. Many of the stocks that were on the momo list for months fell off when the market pulled back last 2 weeks and NEW MOMO leaders emerged. Keep an eye on those that are just showing up.

Bronze Set-ups for week of Feb 15

@copperstl — Sun, 14 Feb 2010 18:05:39 GMT

Hi Trading Family, Bronze Week of Feb 15 Reminder: the market is closed Monday Feb 15. I still expect that 300 point bounce to help give me direction in the market--another leg down, or another leg up?? That places the DJI around 10225 to 10275 from my start point. This can take a day to a few weeks. Until then, expect choppy seas! Lighter market volume, as we've had of late creates volatility that is dangerous, yet a blessing. Any move by an institution or news event, as examples, can swing the market either direction. Don't get lost at sea!! I sound like a broken record, as this week is still a repeat of weeks past in my warnings. This market environment is still not conducive to build positions. By the time I post a build today, it will be obsolete in 36 hours it seems. Many of you want me to build swing trades which, under normal conditions I would have no problem constructing.However, until I have a very clear market direction for the week, I still remain high cash, trading smaller positions, and onshorter time frames. It's a day traders dream. The swing trader --not such a dream. I am providing a few tickers I will be watching this week.....it doesn't mean Tuesday.If the trade hasn't triggered or rejected during the trading session Tuesday, I review Tuesday night, adjust my potential entries, and go again Wednesday. I repeat this process each evening until the trade has clearly been rejected. (My criteria/review process is in this .pdf) Quite frankly, once you learn how to confirm/reject set-ups, it will begin to provide a nice income. The beauty of this process: it can be used for any time frame. In the Black Room, we have brand new options traders. The market forced my hand the last week of January to pull out my 1k strategy that we now call "proteins." These are day trades using 1k or less to create consistent income. We don't worry about holding overnight; we trade what the market gives us each day. The market can be down 100 points; we are still making money. If I have 1k in a starter account, I can trade 2 or 3 proteins ....approx $300 to $500 each. It's difficult to do this trading stocks, yet with the leverage of options, it's quite workable. Some in the Black room are doing quite well; others area combination of virtual/live but arelearning life skills to build income for the rest of their life. Yet another group won't even give them a chance. They want swings dadburnit; they want the market to mold around them. Oh brother! (Smile) I opened an account for my daughter,a student, now learning options. I post her progress on the days she trades as an example for the team to learn how to take a starter account and build. It alsocreates a weekly paycheck, while building the account for growth. She can only trade around school; even she's learned to trade during the morning hours when the market isfull ofthe volatility she needs to succeed. As the accounts and confidence of the trader grows, more may be placed on the trades. It's easy to make money with 50k; however, it takes true skill to build a 6-figure income starting with 1kor 2k. That skill is what traders are learning in the Black room....and it's not easy. It's not pie in the sky. It takes practice, education, and it's frustrating. If it was that easy, we'd all be zillionaires. I prefer noreal dollars are used for the first several months. Mostdon't wait that long; (smile) I rarely have students that will wait that long without dipping their toes into live trades. Incidentally, statistics indicatethat 95% of traders will lose their initial investment within 24 months. Let's don't allow you to be one of those statistics. I said all of the above to say this: it's a difficult trading environment right now. Cash is a trade too. Preserve capital, stay focused on bigger picture, and don't be afraid to sit on the sidelines if you aren't completely sure of a trade. Evaluate your goals again. Is your intent for growth or income? If it's growth, you have a little time to "wait" perhaps a few more days/weeks to ensure it's safe to go back in. However, during that wait, please practice virtually.Try strategies you haven't perfected. Use a simulator to practice shorts or scalps. Make use of these conditions tocontinue your education. It will help you down the road as themarket is not predictable. For those that need income,again, I cannot stress enough to keep tight stops (not so tight that you are continually stopped out-need to learn the balance), hold cash, learn howto repair and adjust positions. The key to being a successful trader is "market timing" --you can have the right build, but the wrong timing. It still produces a loss to the pocketbook. Thank youfor sharing yourlife with me, Leigh Facebook: copperstl Leigh Jones (my BULL$ trading page) www.bullsonwallstreet.com

+ 5 dollar MOMO stocks

@kunal00 — Fri, 12 Feb 2010 13:15:18 GMT

Here are some some stocks with momo.AMRASPSCAGCCFICGXCYTXEWBCEXXIDICOCISSIKTCCLCCLUVLYVMAPPMMRMNKDMSPDNEPPRXLSANMSEEDSGISMODUAUAXRAToday on breakout watch is. $amr $cfi $luv $mmr $prxl $sanm $sgi 1 I run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips.This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. Lot of alt- plays, ethanol, biodiesel. This is a composite momo screen so not every stock is in the same mode some are near breakout some are near pullback, many are flagging. Lots are actionable So there are different setups in this group.How to use this list?Highlight the tickers. Paste them into finviz. All the charts will show up on 1 page with all their fundamental data and news! That easy people. Then narrow it down to what interests you and voila. This list is very powerful. Few days ago? $issi or $mspd it was huge. Check the airlines. One of them is making a run everyday. Everyday something will breakout on this watchlist. $ivan last week It was flagging for days: then boooooooom Depending on your style of trading you can buy it in anticipation of breakout (with tight risk controls) or set some alerts and play the breaksOne thing I like to track is the changes in this list. New additions and also stocks that stay. The stocks that keep showing up on this list are showing continuous strength. That is a plus and something that should be watched closely. Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe. Notice stocks that fall of this list. They can be great short candidates.What do you notice? How many posts have I done on $nep ? How many times have you seen airlines in these or @copperstl Watchlist. Lots! Heck a lot of these stocks I find them before they even make it on the momo list (I got a great feel for what will become momo) So that is what I focus my list on first. Also new additions. See NEP showed up for the umpteenth time. So this is a stock if im a trader I watch closely as it probably is ready to btfo over and over for the next couple weeks (and boy has it). There will be many seperate and different trades in it as it will move up, pullback, flag, breakout, pullback etc etcIf you track my twitter posts you will see me continuously play these stocks for daytrades, swingtrades, scalps. I will play them till the momo is over. I even take the stocks that have gotten ahead of themselves and are fading and put them on a "short list". Past few weeks I have shorted $biof $hpj numerous momo stocks. When market turns they fall hard. Many of the stocks that were on the momo list for months fell off when the market pulled back last 2 weeks and NEW MOMO leaders emerged. Keep an eye on those that are just showing up.A lot of these stocks can be swung as they are sitting on support many are ready to bounce if you dont trade breakouts

Stay Bullish on China

@stockgod — Wed, 10 Feb 2010 0:16:02 GMT

So we've watched the markets drop significantly in the last few weeks, and we had a little bit of a bounce on Friday and today. ..but as I said yesterday the market is undecided on a direction, after this correction. So when this happens I focus on finding extremely undervalued plays and I take very large positions in the stocks. (I suggest you read my blog from yesterday!!) I also watch for sentiment, though it rarely sways my decision on long term investing, I do appreciate when everyone goes extreme bullish or bearish in one particular area of the market. It seems right now it's cool to go bearish on China. Everyone is still talking about a bubble in China, the government is pulling back, blah blah blah. Yet with all of this bearish sentiment it makes me wonder why certain funds are still taking large positions in China stocks while talking out of their ass on how crappy China is. These guys are about as subtle as a bull in a China shop. Na, it doesn't make me wonder "why", it just makes me laugh. Even though $NEP and $CCME are *still* higher than they were when we started buying them after/before this recent correction, they are still off significantly from their highs. $LIWA fell from like $12 down to $7 and change, and *nothing* has changed fundamentally with the company. I sold all of my previous positions of $LIWA and took some profits from $NEP at the high, but I continue to add on the way down. I'm now rebuilding a position of $LIWA -- a mega position -- and I have faith the numbers should continue to roll in strong. I don't understand why people have such short memories in this market. You will remember, soon enough, why you should buy undervalued companies when no one else is looking. The DOW was up like 200 today and $LIWA and $CCME barely moved!! haha ha ha ha haha! That said, I welcome you, my fellow Americans and Canadians, to travel to China. Go look around, and do your research. This country has the most tremendous emerging and economically responsible middle class I've ever seen. ...ever!! Yes, they have challenges, but take off your American "democracy rules" hat and understand that China is run by a very focused and controlled government. It's important to respect the way the government can combine a communist society with democratic ideals. Here are some reasons to remain long term Bullish on China in particular: Practically everyone in China has a job They don't like or carry much personal debt The middle class are earning more money year after year They are exporting more product than they can physically ship in some areas They are consuming more oil than they produce, yet they are producing and acquiring more oil properties than most countries. The government is controlling the growth, but making responsible decisions in infrastructure that directly affect the income and growth of business in China. Read the last point again next time some idiot on CNBC says "the China government is pulling back!" They are buying homes, but the government is concerned about a real estate bubble so they are forcing developers to control price inflation. Right on! They should do this! They are a communist nation with capitalist ideals. We must respect the fact that China has a giant population and sometimes ruling with an iron fist is the only way to effectively run such a nation. Comparing China to Dubai is flat out stupid. You read right, stupid. Dubai is made up of rich people and slaves. China has a middle class -- Dubai has NO middle class. Because the 21st Century does indeed belong to China. Because they got Jackie Chan. Jackie f*@#ing Chan man! So before you go worrying about how your $LIWA you bought a week ago for $8.46 is down, I personally would say chill the heck out. This is what I do best -- and I've been doing it, year after year after year. I have been fortunate enough to turn thousands into millions by investing in the right areas at the right time. The difference between my investing this year and two years ago is thanks to social networking I'm able to share a little of what I know, here and there. I actually like the collaboration that BULLS and Twitter brings to the table.I enjoy helping others and paying it forward. I take risks because my balls are bigger than most. I trade and invest because I can and I love it! Remember, take advantage of these opportunities, they rarely present themselves multiple times in one year. Fear no man, and don't ever let anyone tell you China is on the brink of screwedville. Some foolish investor told me (roughly 2-3 weeks ago) that his Chinese friend told him the average Chinese company goes broke after 7 years. I'm still laughing at that comment for so many reasons --- there simply are no averages when it comes to China. The world has changed fool! If you haven't traded for long you really don't know how lucky you are. Making money in 2009 was easy -- and so far making money in 2010 could also prove to be easier than I thought it would be. We'll see if I'm right over time. ;-) By the way, I will be posting a follow up blog with my favorite China picks, reasons, time frames, and ranges for Gold and Black members --- should have it up sometime on Sunday if I'm lucky. disclaimer: while the size of my balls may or may not be anatomically larger than most, the context of this blog is real. the tone may come across as arrogant or humorous depending on your perspective -- but in no way should you take anything personally. smile, your face won't break, i promise.

Seasonality & Fear

@stockgod — Tue, 09 Feb 2010 3:54:22 GMT

It's been a little while since I put out a blog, and for that I apologize. I've been a little busy, and I haven't done much trading lately. Though not all traders look at seasonal trends, I can tell you that what I'm seeing this month is a combination of seasonal selling and fear being put into the market. ..but when you break it down, we're looking at a market that neither wants to roll over or make a bull run.I make money in down markets and up markets, but in a market like this I get very bored - very quickly. I can scalp for dollars, but it's just not as fun as making larger gains. Since this pullback the market is sort of in limbo - for swing traders it can be challenging to find a trade. ...and while most people expect to make trades on a daily basis, I would caution you that this shouldn't be your mission. Don't force a trade when there isn't one. So until the market chooses a direction (which I imagine we'll know real soon, typically mid-late February we start to see an upward movement in certain sectors) my secret to making money is to open a smaller trading account for short term scalps only. So for example, on Friday I bought a bunch of $TRIT for around the $13.40 range... Today I sold it between $14.30-$14.80. I have also traded $CHLN a few times, while adding a small amount to my long term positions. Heck, I even acquired some $PUDA for a short term sale. There are also repair strategies that you might consider. Take $IDI for example. I know many of you are stuck in a long position, and although there is nothing wrong with the company (they're doing everything right from what I can see), your patience is probably wearing thin. One might consider a repair strategy of selling their stock for the $5 range, and finding another $5 stock to replace it with. ...or find a $2.50 stock and buy twice as much. The key is to find a stock that's MOVING so you can make a quick in and out trade and move on. There is nothing wrong with taking a loss and moving on. Think of your stocks like inventory. Sell some $5 product that's out of style, and replace it for another $5 product that's in style. Remember, instead of whining that one of your stocks is down, look around you - every stock is basically down or undervalued in some way, so take advantage of the situation! The ideal scenario would be to find a $1 stock that's moving to $5 and buy 5X that. Of course we all wish we knew which stocks were moving like that -- but you get the point. So the bottom line is you can make money in this market. It's just a little harder --- and if you follow closely you too will find a rhythm that works for you. Just don't force it --- because you will kill your bankroll if you do. Hope that helps! See you in the morning! sg

MOMO stocks 2/8/2010

@kunal00 — Mon, 08 Feb 2010 14:00:11 GMT

AACACLSACORACXMAEZAPKTASFNASYSCAGCCGXCPEEWBCFSIIIGLDISSIIVANKTCCLCCLYVMAPPMEASMSPDNEPNLSTPEIXRXIISANMSPUUAUAxtexI run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips.This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. Lot of alt- plays, ethanol, biodiesel. This is a composite momo screen so not every stock is in the same mode some are near breakout some are near pullback, many are flagging. Lots are actionable So there are different setups in this group.How to use this list?Highlight the tickers. Paste them into finviz. All the charts will show up on 1 page with all their fundamental data and news! That easy people. Then narrow it down to what interests you and voila. This list is very powerful. http://bit.ly/9DGrSq Few days ago? $issi or $mspd it was huge. $PEIX has crazy volatility. Almost everyday it makes a run. Everyday something will breakout on this watchlist. $ivan last week It was flagging for days: then boooooooom Depending on your style of trading you can buy it in anticipation of breakout (with tight risk controls) or set some alerts and play the breaksOne thing I like to track is the changes in this list. New additions and also stocks that stay. The stocks that keep showing up on this list are showing continuous strength. That is a plus and something that should be watched closely. Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe. Notice stocks that fall of this list. They can be great short candidates.What do you notice? How many posts have I done on $nep ? Lots! Heck a lot of these stocks I find them before they even make it on the momo list (I got a great feel for what will become momo) So that is what I focus my list on first. Also new additions. See NEP showed up for the umpteenth time. So this is a stock if im a trader I watch closely as it probably is ready to btfo over and over for the next couple weeks (and boy has it). There will be many seperate and different trades in it as it will move up, pullback, flag, breakout, pullback etc etcIf you track my twitter posts you will see me continuously play these stocks for daytrades, swingtrades, scalps. I will play them till the momo is over. I even take the stocks that have gotten ahead of themselves and are fading and put them on a "short list". Past few weeks I have shorted $biof $hpj numerous momo stocks. When market turns they fall hard. Many of the stocks that were on the momo list for months fell off when the market pulled back last 2 weeks and NEW MOMO leaders emerged. Keep an eye on those that are just showing up.A lot of these stocks can be swung as they are sitting on support many are ready to bounce if you dont trade breakoutsHere are some favs that look like they are going to breakout again. $uaua $spu $xtex $mspd $IVAN -- These stocks will mostly like breakout today or tomorrowhttp://bit.ly/9DGrSq

Bronze Set-ups Week of Feb 8

@copperstl — Sun, 07 Feb 2010 0:06:24 GMT

Hi Trading Family! Bronze Set-ups Week of Feb 8 Anybody feel seasick from last week's market action? The market gain a fraction of a percent on Friday. At one point, I was wearing my "shorts" as the DOW was down over 170 points. Before I could zip up, I am shedding my shorts for a pair of "longs"!!! Days like this make my life as a day trader a dream come true. That being said, the market isn't done with its games yet. Most of you know, I don't make predictions. I build ratios based of "what-if" so I am ready for anything the market tosses out. I am too protective over your cash this week-end to release a huge watchlist until I have more time "at sea" on Monday. Repeatedly since Jan 20, I have urged new or unsure traders to stay high cash and on the sidelines unless you know what you are doing. Those same people should be active "virtually" for lessons learned. If you can trade in this environment, you will be a better trader for it. Some of you think this is still easy -- you believe you have found the miracle system. I thought that too at one point, but I've learned to respect Mother Market and her Marketeers! Others watch me move around in trades and decide to follow without knowing how to manage said trades. That is a dangerous and costly lesson. Jan 20 was a turning point for the market --that places me in a different mode as trader/investor. My position sizes are smaller, my time frames are shorter and for valid reasons. Forgive me if I don't shout the banner of the bulls or the bears this weekend. I have my suspicions; however, it is of no matter, I will still trade each day with what the market gives me. Facebook: copperstl Leigh Jones (my BULL$ trading page) www.bullsonwallstreet.com

Bronze Set-ups Evening Feb 2

@copperstl — Wed, 03 Feb 2010 1:31:22 GMT

Hi Team! Bronze Set-ups Evening of Feb 2 Two nice up market days! Can we have a few more please?! Ideally, I would like to see the S&P above 1100 early in the session tomorrow to provide me a bit more confidence there's potentially enough steam to go a bit higher. I am watching carefully for any signal of another leg down ----I believe we'll likely see one. I am a cautious trader, holding smaller positions for shorter time frames. Thursday may be a lighter day due to the fact Friday is the jobs number. Happy Trading! Leigh facebook: copperstl

Kunal00 Buys & Sells 2/2/2010

@kunal00 — Tue, 02 Feb 2010 20:01:48 GMT

Mother market has given us a reprieve from the nonstop spanking we endured for the 7 previous days. As happy as I am that mother market has stopped sending her legions of French Soldiers dressed in pink fanny packs sporting thin wispy mousatches to attack our way of life and beliefs. I just dont trust this rally for some reason. Maybe its the not so distant memory of Kunal00 and his band of misfits the Boomettes getting hamboned last week via their excessive positions in China Ding Dongs. The crusty frenchman flossing the butt tight jeans shorts attemped to rob us last week. Never again! Shame upon the house of kunal for even letting such nonsense to go on. Never again! For the last few days Ive changed my strategy in terms of my timeframes. I will be trading on much shorter time frames with much tighter risk parameters. My buying and selling has bee fast and furious. Havent had time to update all the picks on twitter. $apwr out 1/3 12.9s from 12.20 $trit In 14.56-14.70 sold out 1/3 15.12 and other 1/3 15.32 $ivan In 3.27 Out 1/4 3.44 (still holding rest) $xtxi In 8.05 (yesterday) still holding $ccme Out 1/4 shares 12.55 (from 10.60 avg) $achn Out last 1/2 shares 2.58 (form 2.36 buy) $nlst Out 3.6s taking 9% loss from 3.93 buy $armh In 9.72 still holding (its a dog though gonna dump if it turns ) Oh yeah and got a monster short on $cnlg from 4.33 (covered 1/2) holding rest for 3 bucks! p.s. $scss breaking out hardcore.... (guess whose premium blog that was on!) im out. Buck Bass "the name you know"

Set-ups for Week of Feb 1

@copperstl — Sun, 31 Jan 2010 22:46:30 GMT

Well here we are ......trying to get some direction from the market. Bronze Set-ups for Week of Feb 1 This week's set-ups were difficult regarding the decision making process. Oh, there are plenty of set-ups; I must remain cognizant of the fact that we have many different trading knowledge levels in our community. So...in that respect ....I had a hard time. Please remember, I am sharing my week's watch. If the market doesn't confirm the set-up, I review it Monday night for adjustments and/or complete rejection. How do I perform that process? It's right at your fingertips in my confirmation criteria. I am more CASH during this market environment. My positions are smaller and on shorter time-frames. Many of you have asked for long-term trade set-ups.....well.....good luck with that. I can't provide them if they aren't presenting with certainty. Ideally, I'd like to see a small gap down at the open Monday morning to let the bulls step in later and take control after the bears try to show-off...again. No doubt the sellers have been having a party these past 2 weeks. I expected a small bounce last week before Wednesday, then a retrace. OK..wish granted. Now what? I am still expecting a bounce and each day the market goes down, the bigger the bounce numbers grow in my calculations. We are due a bounce before the next leg down...or up. We are extremely oversold. (and my criteria list for market direction is telling me something v-e-r-y interesting) Please, please- stay on the sidelines if you don't know what you are doing right now. I'd rather you have your capital intact when we do get a directional confirmation rather than have you dog-paddle in this tight trading range. Have a great week!

Bronze Set-ups for Jan 25 week

@copperstl — Sun, 24 Jan 2010 17:06:45 GMT

Happy Trading! Brief market commentary is in the .pdf file. Set-ups week of Jan 25 Facebook: copperstl Leigh Jones (my BULL$ trading page) www.bullsonwallstreet.com

Laser Focus

@urbanryno — Sat, 23 Jan 2010 18:26:10 GMT

Kaboom.. Errr. More more kerplat. It happens folks. The market gives and takes. Personally, I don't care which way the market goes (of course I do in the macro, but as a very short term trader, I'm not overly concerned). Thursday was a sell-off and Friday showed obvious continuation with a boost in stop loss takeouts and nervousness. Are we in a market reversal or a healthy sell-off in an overall up trend? I have the answer (currently peering into my magic ball)...the answer is, HELL IF I KNOW. Scanning the news this morning you see all kinds of scary headlines like "flirting with a correction", "Obama vs Wall St", "where will the next crisis hit", etc. etc. If you read for long enough, you will probably convince yourself that the market and the economy is about to crash and flush down the toilet (note: consumer spending over the last 3 days is at the lowest levels we've seen as far back as my charts show..3 years). It could continue to flush, but trading with that fear hanging over you can really mess with your mind and ultimately become the demise of your trading profitability. You've heard it before, but it doesn't hurt to say it again - Stop being emotional. The market destroys the emotional trader. So, don't be freaked out about Friday - trade your setups, stick to your rules, set your stops, etc. Think of it as just lines on a chart. You can play the market either direction and it doesn't hurt to wait until the setups fit your style. Don't force a trade. If you're investing for the longer term, then you care about the fundamentals and less about the technicals - so, Thursday and Friday likely didn't upset you too much, right? As a matter of fact, my boy Kunal took Friday as an opportunity to load up on some swing/long investment opportunities. A few thoughts headed into next week (remember, I'm wearing my very short term trading hat - I'm not talking investments here)... The market is nervous, so I'll stand on the sidelines Monday morning and likely not trade heavily until the afternoon (if I have time). I want to see if the sell-off continues or if we start seeing some support. Obviously, news changes everything. Obama, Bernanke, banks, China, earnings - all kinds of crap in the news right now. Way too much to follow. Time to focus like a laser on setups.. block out the noise... leave my emotions away from the trading account... and protect my cash. Existing Home Sales numbers could set the tone Monday, followed by Consumer Confidence, New Home Sales, Durable Goods Orders, JOBLESS CLAIMS, and finally GDP and Consumer Sentiment on Friday. Needless to say, we'll know a lot this week. If you're a day trader or scalper, following stocks that move with these news events can pocket you some quick profits. It is all about your trading style and what works for you. Don't let Cramer, CNBC, or anyone else tell you what and when to trade. You know your schedule, risk tolerance, etc - understand yourself/learn/improve. If you're a technical trader, then why do you care what Cramer says? In the Boom Factory (bullson.ws active trading room), we're talking short term trading opportunities all day - it is a great place to cut through all the noise and target a limited number of stocks. This collaboration allows you to easily determine if a stock currently trades within your comfort zone and offers an opportunity to capitalize. Side note.. If I'm too busy to trade throughout the day, I look for different types of setups than I would if I was actively trading... more swing style vs scalp. I'll set strict buy rules and always set stops. The stocks must have one of these three characteristics - significant support, significantly oversold, or breakout volume. I'll set automatic buys based on these ideas and then immediately followup with strict automatic stops (often trailing). Then I can walk away and do whatever else I need to do for the day. As a technical trader, I don't fall in love with stocks. I let the swing rules play the game. If I'm actively trading (scalps and day trades), it is a different story. I may look for similar setups, but I increase risk and do a lot more scaling in and out of positions intraday. OK - back to this week... Since I'll likely be very busy with my day job Monday, I'm going to focus my attention on one area - support levels (this could change depending on my schedule). Of course, everyone is talking about support levels in the overall market, but I'm talking about sector and individual stock support levels... back to laser focus. On Friday, 9 of the 16 companies that hit 52 week lows were in the Financial sector. Ok. time to load up a watch list of oversold financial stocks near or at support. When/if we get a bounce, I'll pull this list out and look for volume strength reversals. I'll also filter this list to only include financial stocks that are actively traded (over 400k shares, generally, for small cap). Check out this site and run some screens yourself - I use it over the weekend when I'm looking to group setups together, etc. http://finviz.com/screener.ashx. My point is this - when there is a lot of anxiety in the market, you gotta focus on what works for you - make your watch lists, stick closer to your trades, set stops, and leave your emotions out of it. You could buy a stock at 10am and sell at 10:30am for a small loss because your stop was taken out. That's ok. On to the next trade. Don't take your failed play to bed with you and have to pray that it doesn't gap down in the morning. This is supposed to be fun, remember? There are many ways to trade and invest. Some see these pullbacks as great buying opportunities - this is true if you know why you're buying the pullback - good fundamentals? Pulled back to significant support? Before you buy, know why. That's all for now. I'll be back Sunday in the Premium blog with a few stocks I'm watching for Monday. Focus like a laser.

KUNal00 Buys & Sells 2010-Jan-22

@kunal00 — Fri, 22 Jan 2010 16:36:31 GMT

Enoughs enough.....yes we got a nasty nasty dip last few days.. Does that mean u tuck ur sack between ur legs and pretend to be a french soldier circa (well any war they ever fought!) What do we do?? toss the women and chilren in the line of fire and run for the hills? Or do we man up, put on our finest of gold chains, strap on a loincloth embroiderred with a large American Flag and go hunting for some BEARS. Today I laugh at Bob the Bear and his merry band of ball lickers aka Congress and Le Prez Obama. Im laughing at them prancing around in their yellow bananna hammocks thinking they got the "banks". Populism is bullshit and this ruse will never work....Le Prez is throwing this out there after the healthcare fiasco......he needs to win something and he needs to do it now and what better than sticking it to "Goldman Ball Sach". Listen besides short scalps and swings this is a long only market... You started shorting large positions next thing you know large rats are burrowing up your sphincter and The Brown Bradd Pitt is launching c-4 explosives at your unsightly face. See Im an anarchist at heart so I have no care in the world what the government does. Today BBP Buys: Why?? Because if you have noticed Ive been blowing the balls off every trader on the planet this past week. Heat check! With my large cash hoard: I buy $apwr 12.74 $csun 4.11 $immu 4.37 $ncs 2.089 and you know what I might even buy some more regional banks for one last momo run. sincerely Captain Jack

Well wishers are awesome...haters not so much.

@stockgod — Fri, 22 Jan 2010 2:51:49 GMT

Earlier I tweeted this: "wish well upon others & you will be rewarded with riches, wish ill & u will forever be a loser." This is in response to some of the tweets I received today after realizing roughly $45,000 today - on a red day. I was demonstrating that it's possible to take some of your swings out for gains and buy stocks on a bloody red day, this is how successful investors typically work. ..and "unfortunately" (for the haters) I sold 5000 NEP for a massive gain - but my broker works FIFO - so even though I bought 5000 yesterday to sell today, it picks the older shares first. I believewhen you make green on a red day it's awesome ---- days like this separate the leaders from the herd. I also believethis selloff is short lived, and as such I continue to mitigate risk & pick individual stocks rather than predicting markets. Personally I think this is why I win overall. Well, today I realized that there are people on Twitter who love to see others fail, it validates their losses. Personally I hate to see others lose, and I'd rather help people than hurt them. ...and I'd rather help those who are out to help others. That said, I am no longer going to post specific trade #'s on Twitter. I will post some entries and exits. I may post the odd monthly percentage gains - but no more details. I've been posting daily wins and losses, and I'm done doing that. This doesn't mean I won't post my buys & sells, I will - but just far less detail. I think you all know we do well here, so why botheraggravatingthe haters - I don't need ill wishers...and I believe in Karma. So trust me, if you love to see people lose, you will remain a loser. Instead I will share details with the members of our silver, gold, and black card community in the Boom Factory and over premium tweets and emails. Not only will I share these ideas with you - but I will help make you a better investor -- and we will give you an edge that few people have. Quite honestly, I didn't start this thing to feed off other people's hate and envy. I would much rather help those who aregenuinelylooking for help --- and I promise you, you will not find a more committed group anywhere. There is no sweeter redemption than a positive outcome. BTW, I will continue to blog odd realized gains and losses -- as I always do... Thanks, and see you in the Boom Factory.

My Healthcare Company Blog

@stockgod — Thu, 21 Jan 2010 20:33:19 GMT

I wrote about it on my personal blog. It's called BrightSquid -- Click here to read about it!

Few Stocks on my radar

@copperstl — Thu, 21 Jan 2010 1:45:41 GMT

ATML --if this breaks out, I'm going with it. My entry: 5.39 with a target to 5.74 to 5.84 and I'm happy. SIRI --I may look to enter on breakout over .79 or.81 for a target toward .99 to 1.04. HALO I'd like to catch this when it's ready to head back to 7.58 to 7.80. Watching for entry 6.46.

MOMO stocks 1/20/2009

@kunal00 — Wed, 20 Jan 2010 14:13:40 GMT

APL ASYS BIOF BUCY CAAS CAGC CENX CMFO CNC CSKI CTEL CYD CYTX DAN EXXI F GKK GOL GPRE GSI HPJ KFN NEP NVMI ONP OSIS PEIX PHMD REV RXII SEED SHE SMOD SNIC SORL SPU TSL TSTC UAUA WSII XRA XTEXI run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips.This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. Lot of alt- plays, ethanol, biodiesel. This is a composite momo screen so not every stock is in the same mode some are near breakout some are near pullback, many are flagging. Lots are actionable So there are different setups in this group.How to use this list?Highlight the tickers. Paste them into finviz. All the charts will show up on 1 page with all their fundamental data and news! That easy people. Then narrow it down to what interests you and voila. This list is very powerful. http://bit.ly/8LUPYTFew days ago? $asys it was huge. Everyday something will breakout on this watchlist. It was flagging for days: then boooooooom Depending on your style of trading you can buy it in anticipation of breakout (with tight risk controls) or set some alerts and play the breaksOne thing I like to track is the changes in this list. New additions and also stocks that stay. The stocks that keep showing up on this list are showing continuous strength. That is a plus and something that should be watched closely. Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe. Notice stocks that fall of this list. They can be great short candidates.What do you notice? How many posts have I done on $nep ? Lots! Heck a lot of these stocks I find them before they even make it on the momo list (I got a great feel for what will become momo) So that is what I focus my list on first. Also new additions. See $spu showed up for the 1st time. So this is a stock if im a trader I watch closely as it probably is ready to btfo over and over for the next couple weeks (and boy has it). There will be many seperate and different trades in it as it will move up, pullback, flag, breakout, pullback etc etcIf you track my twitter posts you will see me continuously play these stocks for daytrades, swingtrades, scalps. $sorl $exxi $spu etc. I will play them till the momo is over. I even take the stocks that have gotten ahead of theselves and are fading and put them on a "short list". Past few weeks I have shorted $biof $hpj numerous momo stocksA lot of these stocks can be swung as they are sitting on support $rev $gol many are ready to bounce if you dont trade breakoutsHere are some favs that look like they are going to breakout again. $nep $nvmi $hpj $xtex $exxi -- These stocks will mostly like breakout today or tomorrow:

There is no such thing as an Oracle

@stockgod — Wed, 20 Jan 2010 0:15:53 GMT

People always ask me what are the best investment books - specifically what I read to get the returns I get. There are certainly great books out there, but not one book will teach you how to be a great investor or trader. Only time and very expensive private lessons (read losing money) will teach you how to do it right. There is a difference between a "trader" and an "investor". There is a slightly different strategy for trading, most traders don't care about the fundamentals of a company - therefore they treat everything as speculative. However, those traders are only part of the puzzle in my books. The most successful people are the ones who balance the technicals with the fundamentals -- and it's really hard to know everything. In the immortal words of @urban_ryno, you can date technicals, you can marry fundamentals. That's a pretty awesome statement, and very applicable to our day to day trading. In our case I like to balance both - so what better way to do it than to find the best of the best and sift through the b.s.? The best investors have the following traits; they have ice running through their veins they understand investment grade stocks vs speculative ones they enjoy red days sometimes as much as green days they never dump an investment grade stock unless the story has changed they have both "red" and "green" positions in their portfolio they don't jump from stock to stock like a lotto they know how to balance their own personal fear & greed while managing their money when people are running away they are usually looking for blood when they smell blood they pounce, and go in for the kill they never follow the herd, they usually lead they're usually loading while you're dumping they pay it forward when they're making money (please don't forget this - give back when you can) The best leaders surround themselves with incredibly smart people, or stars, and let them shine in their respective areas. There are no Oracles or Gods. Why is BULLS so awesome? Why should you join? ..because quite honestly, there are thousands of websites out there you can use - you could hire a broker - you could visit Twitter and decide who you want to follow on your own..... or, you could join BULLS where there is a team of experienced traders and investors who work together to cut out all the noise and B.S. you see on the internet. We trade everything, from speculative stuff, to the best investments out there. We don't offer "investment advice" -- we simply make trades, full exposure, and give you a number of great learning / following tools. When the markets go down, we support one another, reassure on the long investments. Take CCME, for example, need I repeat what happened there? ...because you know I'll just make most of you sick with the returns we made on it - especially on the mega dip day. There is no better alternative than BULLS, I've been doing this for 20 years, and I've never seen such an awesome way to collaborate and share investment research. ..and even though some of you are great on your own, believe me you'll be exponentially stronger if you put your ego aside and collaborate with other experienced people in real time. This site may have been created by accident, or as @meatstack said "Hubris created a competitor" -- whatever it is.. We love helping people -- and if you haven't had an opportunity to experience our premium blogs and Boom Factory you'll simply never know. So next time you ask me what book you should buy to be a great trader - Nevermind, you'll never find it. BULLS is a great short cut across Wall Street though, it's hard to argue that. I invite all our members, Bronze, Silver, Gold, Black to leave a testimonial here about what we mean to you - and whether we're worth it or not. Thanks!

Free Bronze Set-ups for week of Jan 19

@copperstl — Sun, 17 Jan 2010 2:56:10 GMT

Hi Trading Team......these are a few on my watchlist for the week. Remember --US markets are closed Monday Jan 18 I'll be taking the day off....ME time! Bronze Jan 19 week Leigh facebook: copperstl (my BULL$ trading page)

First video interview since I "came out" of hiding

@stockgod — Fri, 15 Jan 2010 20:56:12 GMT

Check out the interview with me since I came out of hiding.... Business Tips via Mixergy, home of the ambitious upstart!

1/13/2009

@kunal00 — Thu, 14 Jan 2010 14:37:51 GMT

Quick watchlist today....... Tax Loss Sellin Poppers in play: (sold out of $cbc and $abcw (both ++30% gains) New ones $pcbc $ibcp $pacr Breakout Watch: $lcc $gkk (thanks tradermarket) and $rpc _________________________________________________________________________

Bronze Set-ups for Jan 14

@copperstl — Thu, 14 Jan 2010 2:02:30 GMT

Weekly update and new releases! Have a great week---- Premium BRONZE Set-ups Jan 14.pdf This is only a fraction of picks provided by team BULL$ every trading day. Kunal, Urban Ryno, and Stockgod's all come with GOLD stocks /BLACK options premium, along with the live trading floor with BULL$ traders. Facebook: copperstl Leigh Jones (my BULL$ trading page) www.bullsonwallstreet.com If you don't know where you are going, chances are, you are already there.

Tax Loss Selling Plays January

@kunal00 — Wed, 13 Jan 2010 23:00:10 GMT

Many people have asked lately where we find all these plays on the bottom that look or are ready to jump. One of my main focus every January is finding tax loss selling plays. You've seen it huge this January with REITS, small finnies, many beaten down stocks are popping.You look at companies like $cbc or $fbp that we been playing that was teh strategy on them. Look at CBC last week its hotter than a hooker sitting in a baptist church.Here is a post I wrote for the premium subscribers in DECEMBER to get them ready for the month of Booooooooom._____________________________________________________________________________ January is a frigging nutty month for trading beaten up small cap, penny, china ding dog stocks. (except for last year when the market was in freefall).What you will see is with the aftermath of spring 2009 a lot of big caps, smallcaps become microcaps! There can be great opportunity in these names as January starts.See many hedge funds, mutual funds, index funds don’t trade or cant hold smallcap stocks.But they do hold midcap and large stocks.What you have seen this year is many funds liquidated huge amounts of holdings either from deleveraging, margin selling, or just the liquidation of the fund itself essentially driving down many stocks below the 5 dollar threshold.Once it goes below that level many traders will also start to dump the stock as numerous brokerages wont let you hold these type of stocks on margin.Then months later when the Russell or any other index ore even an etfdoes its rebalancing it drops the stock out of its collection which then starts more forced selling.Next a mutual fund that is supposed to mirror said index will also have to sell….which means more forced selling.It’s a never ending cycle of selling. This type of forced selling can make a stock excessively oversold.Just when these type of stocks rebound slightly comes tax loss selling. As this was a great year for many investors many will unload their dogs to offset their ridiculous gains for the year.People will sell their biggest percentage losers to offset their capital gains this year. Short sellers themselves this time of year will prey upon these stocks as they know that many longs have to unload them.If they can apply pressure on many of these weak stocks the volatility of the drop can be tremendous These stocks can pop for a few different reasons Shortsqueeze:You can get short interests data from shortsqueeze.com it will give u the interest and the days it takes to cover. This is all you need to see how much gas is in the burner.As they have pushed down the stocks for the last quarter January is a perfect time for them to cover their positions since the tax loss selling is over.A big short position can really magnify the gains and make a small cap stock go Parabolic (your getting double the buying pressure).The second force involved in this is the guys like us. The momo traders. Once somebody like me sees the squeeze he goes in and starts buying blocks, other traders see this too and get in for the fun.Now with twitter you get a viral action since people relay the information to each other in real time. The squeezes are much harder and stronger due to the advent of social networking.This squeeze could potentially go on for a week. Also all the tax selling has subsided. No overhang or dark cloud over the stock.Overtime you will see the stocks drift back towards their natural range and valuation. As over time the fundamentals do play out and stocks will slowly and naturally drift to that level of equilibrium. You will also get the buying pressure from the guys who were dumping for tax reasons but now they want their stock back to get back their money ( most people are frigging banana blowers and cant just let a stock go and take a loss. 90% of traders) So they start buying. Now you got a booooooooom baaaaaaaaalin scenario. The banana biters who want their stock back, the short sellers covering, the momo traders jumping in for the epic squeeze, the twitter leaches who miss the first 10% of the move but see so00000 many posts on it that they chase the squeeze. And bam there you go a big punch in the nuts to anybody who is still short. Its already happening look at some of the stocks this week $pip $etrm $ftk $gtxi $rprx $banra whole host of them are already starting to pop. They got the secret sauce that I listed above. I have below a list of small caps that could. ( I narrowed it down as it was too long)I have in order from the stocks that experienced the biggest losses for the year on down. No. Ticker Performance (Week) Performance (Quarter) Performance (Year) Average Volume Volume 1 CORS 0.00% -55.56% -96.40% 552.47 0 2 HRZB -17.86% -72.29% -95.15% 167.83 87675 3 PCBC -9.01% -39.88% -93.92% 1529.91 688252 4 RPRX 1.49% -26.88% -93.54% 1503.57 1795779 5 STSA 0.00% -70.44% -93.18% 1538.27 471840 6 FTBKD -15.32% -67.02% -91.38% 145.45 0 7 CACB -17.86% -44.80% -89.78% 222 141635 8 FRP 0.00% -9.76% -88.72% 702.51 0 9 CPF 9.09% -49.03% -86.85% 1137.52 380604 10 MDTL -14.29% -80.65% -86.67% 340.19 0 11 CIGX 15.25% -28.42% -82.25% 1163.1 791385 12 TONE 9.52% -79.09% -81.60% 130.21 59490 13 BOFL 24.24% -66.12% -80.52% 103.91 113418 14 CTZN -8.33% -44.30% -79.05% 131.97 46473 15 SQNM 3.67% 22.54% -78.63% 4901.51 945452 16 FBP -11.45% -22.92% -78.54% 1286.21 1228159 17 BUSE 1.08% -20.59% -78.47% 300.41 366407 18 BBX -1.54% -57.19% -77.78% 384.01 158800 19 BEAT 0.86% -13.93% -76.19% 686.11 363205 20 ABCW 4.76% -47.20% -76.09% 261.08 52103 21 GTXI 12.53% -68.75% -76.01% 746.88 1107787 22 UCBI 2.21% -35.71% -75.77% 1048.17 918283 23 DPTR -14.39% -33.52% -75.00% 9138.67 5639052 24 SNV 0.98% -44.20% -74.73% 19313.16 7021434 25 MTXX 3.17% -26.18% -74.35% 417.68 169524 26 JTX -23.18% -22.32% -73.17% 722.43 1822009 27 PVTB 0.44% -63.15% -72.07% 2017.72 436489 28 MBHI 2.56% -47.37% -71.43% 115.6 95566 29 BANR 14.53% -4.29% -71.24% 312.84 186679 30 CBC 13.00% -22.60% -70.76% 150.87 289636 31 PACR 2.90% -14.25% -69.42% 715.8 278157 32 AMFI -27.39% -29.63% -68.51% 476.88 551736 33 RZ 11.32% -23.87% -68.36% 730.01 5146220 34 CATY 4.21% -7.02% -67.17% 1256.98 567517 35 CTBK -2.82% -34.85% -66.92% 109.63 72317 36 SMTB 7.36% -55.33% -65.99% 114.77 128841 37 IBCP 4.17% -59.68% -64.62% 165.01 79776 38 CHB 0.00% -58.33% -64.29% 1531.67 0 39 YRCW 15.73% -77.80% -64.11% 9038.14 4860930 40 CT 15.93% -58.81% -63.61% 412.14 248930 41 OSIR 2.46% 2.17% -63.10% 247.89 183139 42 FCF 0.22% -18.39% -62.26% 510.37 337786 43 MBRK 5.56% -51.69% -62.00% 370.17 378999 44 WAL 3.69% -40.99% -61.05% 696.77 278671 45 SUSQ 4.31% 0.83% -60.43% 905.46 797091 46 HURN 5.56% -8.31% -59.53% 545.21 155070 47 HNSN 13.96% -17.03% -58.17% 470.02 682072 48 ENER -3.64% -11.02% -58.03% 2595.38 1910405 49 NPBC 4.96% -4.67% -57.65% 1586 962620 50 PGNX 1.85% -19.08% -57.23% 158.67 70339 51 CHP -8.11% -36.74% -56.55% 210.84 166842 52 HNBC 2.37% 18.86% -54.36% 208.69 116009 53 PNFP 7.90% 13.67% -51.46% 265.8 150773 54 STC 10.47% -10.17% -51.24% 286.29 131504 55 HBAN -1.34% -15.95% -51.13% 20907.28 6343774 56 DRL 25.00% -1.06% -50.00% 167.5 136005 57 QCOR 9.32% -15.34% -49.62% 691.08 646856 58 ESLR 7.28% -17.77% -49.22% 3004.18 4505581 59 RAS -2.19% -56.35% -48.46% 746.69 1447906 60 STBA 2.20% 35.09% -48.33% 135.7 66148 61 PCS 2.12% -19.85% -48.08% 8848.28 2216861 62 EBS 8.00% -23.12% -47.80% 340.66 143085 63 ZION -3.48% -29.87% -47.66% 6244.31 2791898 64 LDK 0.43% -21.71% -46.42% 4712.92 1805508 65 ABMD 3.51% -11.16% -46.16% 237.3 181399 66 FTK 34.31% -32.51% -45.63% 568.81 730663 67 NWBI -0.27% -51.17% -45.13% 559.95 1999643 68 GMXR -3.90% -7.38% -44.51% 1174.94 347871 69 VLNC 10.99% -44.51% -44.51% 797.3 8321605 70 DRYS -1.17% -12.92% -44.37% 20981.83 7099190 71 FMBI 1.18% -2.63% -44.06% 542.55 244422 72 ASBC 5.18% -0.09% -43.83% 1795.44 795014 73 DSCO -4.55% -43.24% -43.75% 4940.19 2216707 74 FNB -1.84% -1.84% -43.69% 728.72 425913 75 BBI 2.90% -39.32% -43.65% 2426.3 1105550 76 WL -0.32% -11.60% -41.81% 761.04 384809 77 WTNY 1.31% -4.33% -41.75% 1230.41 287874 78 HAFC -1.61% -26.06% -40.78% 400.62 300762 79 JAKK -1.69% -15.96% -40.77% 344.76 182254 80 LAB 4.03% -20.67% -40.71% 393.47 121739 81 CUZ -1.29% -11.84% -39.89% 1059.44 694608 82 SUN -1.62% -8.05% -39.16% 2880.98 1665066 83 WNR 0.00% -26.77% -38.66% 3316.02 1398237 84 SPTN 3.86% 1.06% -37.80% 158.89 57358 85 WINN -0.50% -29.27% -37.70% 420.2 322613 86 LCC 5.43% -0.41% -37.26% 9749.65 8448132 87 MATK 4.87% -17.72% -36.72% 406.38 201617 88 AOB -1.14% -11.59% -35.94% 1003.52 2016246 89 VPHM 0.72% -15.15% -35.48% 1073.86 405248 90 ABK 5.00% -52.81% -35.38% 17183.4 4003341 91 CCRT 0.66% -23.94% -35.38% 211.88 173298 92 SPWRA -2.04% -21.12% -35.11% 2467 1341832 93 EK 0.00% -12.93% -34.50% 6834.25 1574814 94 LEAP -1.07% -11.13% -34.36% 4002.14 1130018 95 IMN -1.11% -7.36% -34.12% 286.81 220443 96 FLWS 12.00% -28.21% -34.03% 188.56 107982 97 UBSI 5.76% 6.31% -34.02% 321.06 347812 98 ABR 16.07% -33.45% -33.90% 145.84 80471 99 LPHI 2.70% 23.15% -33.29% 100.92 125041 100 DAC -1.09% -6.19% -32.69% 179.65 71691 101 RST 0.00% -26.82% -32.32% 194.35 514157 102 ALY 7.18% -14.06% -32.18% 467.25 187143 103 HOTT 7.11% -17.47% -31.72% 1324.93 561611 104 MGM -1.16% -24.54% -31.61% 26961.43 10566678 105 AVD 2.69% -8.13% -31.10% 100.62 91357 106 TRST -3.09% -1.26% -30.56% 263.91 225987 107 RF -2.19% -16.77% -30.48% 30219.44 10357782 108 CONN 5.36% -47.70% -30.42% 294.85 222896 109 LMNX 2.95% -14.27% -29.68% 326.3 113181 110 CXM 0.00% -70.06% -29.33% 1464.74 2696966 111 STI -3.16% -8.78% -29.15% 8506.59 3490376 112 FR 5.11% -9.17% -29.14% 1032.89 459928 113 CMED -0.50% -15.03% -28.54% 514.58 389421 114 KNDL 3.82% 8.07% -28.11% 189.49 75975 115 ONB 3.80% 14.57% -28.07% 951.26 928686 116 FTEK -4.13% -31.97% -27.67% 180 428699 117 SUF -10.53% -53.42% -27.66% 427.98 394956 118 ISYS 5.95% 23.86% -27.63% 124.4 49468 119 MBFI 3.34% -3.18% -27.39% 452.89 155549 120 AMR 1.70% -2.88% -27.18% 15568.31 7841384 121 ALNY 4.71% -22.29% -27.13% 282.58 103191 122 XNPT 7.25% -14.95% -26.28% 357.23 279427 123 PFS -0.28% 4.23% -26.23% 359.98 140683 124 TBSI -2.37% -15.33% -26.22% 273.27 186020 125 EGLE 1.20% -2.50% -25.81% 2770.69 1075396 126 PRKR 5.14% -55.88% -25.51% 309.46 453306 127 GB 1.65% -13.38% -25.40% 197.16 144622 128 COGT 5.70% 1.29% -24.83% 671.63 298288 129 GBCI 1.92% -6.18% -24.81% 737.52 283423 130 ZLC -6.99% -66.62% -24.02% 973.49 3177037 131 ACAS 4.60% -24.24% -22.84% 4745.13 4624702 132 BLUD 5.91% 16.52% -22.50% 582.99 263170 133 TLT -1.20% -7.94% -22.45% 3520.95 1919066 134 PSYS 0.14% -18.51% -22.41% 1223.78 353290 135 JBLU 0.36% -6.59% -22.11% 6642.96 6527411 136 CVBF 7.77% 14.29% -21.76% 1117.38 1078253 137 ISIS 10.76% -25.02% -21.58% 1465.4 823199 138 VLY 2.98% 16.69% -21.43% 917.94 317324 139 GMR -1.40% -8.32% -21.23% 948.53 447316 140 CMTL 3.23% 8.60% -21.21% 292.91 251792 141 AKRX -2.67% 30.00% -20.87% 440.6 168684 142 CBST 2.03% -6.36% -20.82% 820.21 297407 143 PACW 10.88% 5.29% -20.59% 290.08 226762 144 BRNC -2.84% -23.74% -20.43% 336.12 138464 145 VMC 4.51% -1.49% -20.42% 1123.71 652703 146 GVA 4.05% 14.94% -20.38% 691.16 205405 147 APOL 5.52% -15.96% -20.36% 3351.2 1166411 148 JEC 1.99% -17.24% -19.98% 2261.3 1093426 149 REG 3.58% -4.26% -19.85% 1464.76 514732 150 TRE 10.65% 20.77% -19.29% 428.78 214170 151 BKC 2.15% 11.82% -19.27% 1750.51 694240 152 UMBF 1.94% -3.03% -19.18% 160.89 123942 153 CEPH 4.25% 7.16% -19.15% 2256.35 902273 154 TPC 4.45% -8.87% -18.73% 257.32 165155 155 AVAV 3.06% 6.24% -18.61% 160.8 100161 156 KIM 5.16% 4.45% -18.43% 8055.72 3083379 157 TGIC -11.43% -76.87% -18.42% 171.67 0 158 AF 0.95% 13.66% -18.29% 1081.2 718395 159 TITN 5.20% -4.86% -17.92% 213.85 168523 160 PMTI 4.64% -41.03% -17.87% 172.33 192052 161 EMKR -1.83% -20.15% -17.69% 679.41 2245486 162 TASR -2.03% -9.75% -17.61% 447.75 388919 163 MIR 0.58% -6.37% -17.49% 1604.9 596123 164 WTI -1.44% -1.77% -17.42% 721.42 384581 165 SGMS 0.00% -9.48% -17.27% 1182.07 345595 166 CVA 3.64% 6.00% -17.08% 1110.85 930007 167 ALJ -0.80% -24.24% -17.00% 183.51 1085561 168 THOR -1.28% -11.79% -16.65% 845.97 556191 169 HAWK 2.45% -31.62% -16.42% 129.08 64794 170 TWGP 4.50% -5.49% -16.05% 305.96 138370 171 DCGN -11.11% -68.63% -15.79% 3889.96 1777191 172 COCO 3.92% -25.42% -15.76% 2731.04 1299442 173 BEBE 2.84% -19.05% -15.62% 704.59 495937 174 ARNA -5.88% -21.43% -15.59% 2311.05 2637792 175 CYPB -2.53% -29.82% -15.35% 341.53 356794 176 BPFH 0.88% -13.25% -15.17% 661.05 468520 177 RRR -0.14% -0.68% -14.91% 578.62 190844 178 EPIQ 5.32% -3.59% -14.72% 289.71 105560 179 ONXX 2.60% -8.76% -14.37% 1154.31 428041 180 CBU 1.69% 7.48% -14.27% 167.78 97953 181 PVA 2.04% -5.01% -14.26% 524.97 284581 182 ELY 1.94% 4.10% -14.18% 1102.71 479861 183 ASTE 3.82% 4.54% -14.08% 197.31 83259 184 NLS -6.40% 11.76% -14.03% 111.54 142052 185 MBLX -2.32% 6.73% -13.92% 165.13 142557 186 GDP 2.58% 1.02% -13.82% 914.46 605838 187 MMR 12.67% 10.17% -13.78% 1810.37 2332246 188 PNX -3.40% -13.94% -13.15% 1458.14 554634 189 USU -4.18% -18.75% -13.14% 1638.14 1117145 190 SONC 2.81% -4.33% -12.82% 600.35 424504 191 MYGN 8.49% -4.34% -12.75% 1459.2 314254 192 KSWS 3.52% 10.50% -12.28% 119.63 80211 193 TOL 2.39% -5.71% -12.18% 4268.49 1170936 194 HW -1.66% 49.37% -12.15% 1194.7 2245220 195 VIVO 0.79% -14.04% -12.02% 221.6 179353 196 ECHO -3.19% -11.52% 214.54 16028 197 AGP -0.11% 15.85% -11.38% 721.73 711553 198 STXS -4.88% -13.33% -11.36% 299.57 248451 199 ESE -1.78% -9.64% -11.18% 228.52 105023 200 WTR 0.62% 4.05% -11.12% 1407.06 899892 201 IBOC 5.11% 14.86% -11.08% 386.1 308191 202 WBS 0.00% -2.48% -10.81% 718.25 403830 203 HAIN 9.64% -12.56% -10.63% 497.2 361099 204 IAT -0.38% -0.05% -10.53% 157.03 47033 205 CRK 0.33% 4.32% -10.52% 658.32 326231 206 OPTR -2.43% -20.82% -10.49% 184.92 274189 207 ALKS 2.03% 1.16% -10.23% 919.13 1061760 208 JACK 0.91% -3.30% -9.78% 765.39 287892 209 AFAM 3.86% 34.70% -9.74% 162.31 100399 210 SVU -0.24% -15.91% -9.59% 4228.5 1829728 211 ERII -3.38% 14.91% -9.50% 357.91 291690 212 SKH 1.46% -7.62% -9.48% 139.01 58115 213 LNG -0.77% -13.13% -9.47% 554.02 485837 214 UCO 14.35% 22.34% -9.20% 4866.17 3475178 215 SRDX -3.69% -5.90% -9.18% 139.92 56269 216 EXM -5.19% -3.47% -9.09% 2001.61 696890 217 INWK 3.83% 24.63% -8.85% 156.07 112326 218 CMLS 0.00% 29.71% -8.84% 150.86 48825 219 SMBL 5.98% 1.47% -8.82% 539.87 319212 220 PHM 5.84% -12.31% -8.78% 7747.32 4039398 221 SBIB 5.05% -26.29% -8.46% 989.18 922290 222 APEI 3.99% -0.73% -8.17% 173.04 143384 223 MHGC -4.04% -25.04% -8.15% 301.74 122373 224 SWY 1.85% 8.77% -8.06% 5600.74 1829357 225 OPEN -0.97% -3.50% -7.91% 135.84 53013 226 HOMB 3.97% 12.23% -7.73% 111.63 76859 227 CNVR 0.00% -4.00% -7.69% 106.76 8400 228 CCC 2.21% -6.47% -6.77% 735.01 1063645 229 PARD -5.26% -75.94% -6.74% 3233.05 1953737 230 HEV 8.46% -3.75% -6.71% 749.21 1450982 231 PQ -2.77% 1.12% -6.66% 1623.84 572120 232 CLH -0.79% 4.57% -6.51% 169.21 108589 233 AOL 0.73% -6.46% 3940.56 1714166 234 FORR 4.25% 0.88% -6.13% 101.71 50513 235 UMPQ 4.72% 26.38% -6.13% 1066.33 1077714 236 IRM -0.73% -14.50% -6.07% 1236.54 901020 237 FCEL 29.89% -14.92% -5.93% 774.15 7465936 238 STEM -0.78% -22.42% -5.88% 2834.13 1041782 239 WMGI 2.67% 6.83% -5.82% 390.3 130691 240 FULT 1.25% 20.76% -5.82% 1308.1 517270 241 NUVA 7.05% -18.64% -5.37% 1088.79 462842 242 FTO 3.25% -14.17% -5.24% 2806.01 1797449 243 ROYL -2.21% 26.67% -5.00% 370.3 102886 244 NAL 0.99% 14.51% -4.90% 901.32 336241 245 GTIV 2.54% 9.30% -4.82% 224.98 109371 246 WIBC 12.77% 12.92% -4.77% 137.25 86490 247 MRTN 0.33% 8.13% -4.64% 134.95 55639 248 ALGT -1.66% 21.99% -4.61% 376.39 188326 249 FRED 2.73% -19.29% -4.60% 331.81 259877 250 GAME -0.19% -10.61% -4.37% 2265.13 584078 251 NITE 2.45% -29.66% -4.27% 2190.06 1650567 252 PBI 0.53% -7.55% -4.23% 1751.13 1778812 253 LXK 1.21% 19.63% -3.72% 2137.32 525727 254 NAT -1.44% 2.97% -3.55% 504.28 266783 255 LHCG 2.12% 15.68% -3.50% 151.24 78807 256 RGLD -0.25% 5.03% -3.17% 731.15 574588 257 ALSK 3.16% -10.61% -3.08% 454.89 796008 258 TWI 4.43% -5.76% -2.79% 666.29 380067 259 BJ 0.36% -7.25% -2.51% 1191.39 1119352 260 CAL -0.40% 6.60% -2.49% 7229.1 5168750 261 MLM 1.89% -0.71% -2.24% 464.24 376346 262 IDCC 4.71% 15.05% -2.15% 863.31 416315 263 BRKL 0.92% 0.71% -1.88% 340.83 144020

Balls of Steel

@stockgod — Wed, 13 Jan 2010 18:28:56 GMT

I keep taking for granted that new followers are joining all the time. I tend to assume that people understand you don't "dump" companies who are scheduled to earn over $2/share, display incredible growth, fundamentals are strong, etc. Why then, would I wake up today only to open up my Twitter to see all these questions on $CCME. Like what happened? Apparently CCME did a bit of a financing. An experienced investor would look at it and say for the most part it was a good deal, however the warrants did look a little desperate. Whatever the case, you simply cannot raise 30 million dollars in today's economy without a plan. I'm guessing, very much like $NEP, that CCME has a plan to make a financially responsible acquisition which should add significant value to the company. The bashers are out in full force, they don't care about "scaring you out of your shares", but they do care about shorting the stock on any sign of weakness. These guys don't read spreadsheets/numbers, they don't care. From the looks of thing most of these guys couldn't read a balance sheet or income statement anyways. They look at a chart, hunt for weakness, and as soon as they smell blood they pounce and say ANYTHING to make the stock fall. So, instead of panicking and dumping, like many people did, I placed "stink bids" between $9.30, and $9.45 for my kids trust accounts. I got filled for roughly 30,000 shares, and now as I sit the stock is trading at $10.31. Guys, let this be a lesson to you - don't panic! If the story hasn't changed, and the company has strong fundamentals then why on earth would you dump the stock!? This is a totalamateurmistake. No one expected a secondary, especially during a warrant overhang. There is nothingamateurishabout accumulating the stock yesterday... So I am now holding just under 150,000 shares in total. My trading account has 50,500 shares. This morning my trading account was down $50,000 on CCME, and now it's only down around 20k. Not a big deal relatively speaking, let's see what happens with the stock. If you have any doubt on the size of balls required to be a long term investor then I suggest you read the blog I wrote "DO NOT OPEN UNTIL CHRISTMAS" -- find that blog on NEP and SYNM, and you'll get a very quick education on how things really work. ..and to the bashers, keep up the good work. We need your negative energy to create a larger short position, because when the numbers are revealed one of us will be right. Assuming it's the longs, you'll have given us enough rocket fuel to jump past $13. FYI, by my calculations the stock is still worth over $20. BTW some loser is posting as "st0ckgod" on the yahoo finance forums. I post as "stockg0d" if there is any doubt. I have friends that work there, and they are dealing with it. If you see this guy pumping any stock (including this one!!) it's not me. Be very careful what you buy and what you read on a message board. Here is an image of my trading account position:

1/13 2009 MOMO stocks

@kunal00 — Wed, 13 Jan 2010 14:21:54 GMT

ADES ANX APL APWR ASPS ASYS BIOF BUCY CAAS CAGC CSKI CTEL CTHR CYD DAN EONC F GOL GPRE HPJ IDN IGLD NEP NEXM NLST NVMI ONP OTIV PEIX PHMD ROIA RXII SEED SMOD SOLF SORL TSL TSTC UAUA WSII XTEX ZSTNI run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips.This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. Lot of alt- plays, ethanol, biodiesel. This is a composite momo screen so not every stock is in the same mode some are near breakout some are near pullback, many are flagging. Lots are actionable So there are different setups in this group.How to use this list?Highlight the tickers. Paste them into finviz. All the charts will show up on 1 page with all their fundamental data and news! That easy people. Then narrow it down to what interests you and voila. This list is very powerful. LOOK at $anx or $seed, $biof (nice breakouts) few days ago.http://bit.ly/7ssMVH2 days ago? $seed it was huge. Everyday something will breakout on this watchlist. It was flagging for days: then boooooooom Depending on your style of trading you can buy it in anticipation of breakout (with tight risk controls) or set some alerts and play the breaksOne thing I like to track is the changes in this list. New additions and also stocks that stay. The stocks that keep showing up on this list are showing continuous strength. That is a plus and something that should be watched closely. Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe. Notice stocks that fall of this list. They can be great short candidates.What do you notice? How many posts have I done on $SORL ? Lots! HOW many posts have I done on $ZSTN ? dozens! Heck a lot of these stocks I find them before they even make it on the momo list (I got a great feel for what will become momo) So that is what I focus my list on first. Also new additions. See ZSTN showed up for the 5th time. So this is a stock if im a trader I watch closely as it probably is ready to btfo over and over for the next couple weeks (and boy has it). There will be many seperate and different trades in it as it will move up, pullback, flag, breakout, pullback etc etcIf you track my twitter posts you will see me continuously play these stocks for daytrades, swingtrades, scalps. $sorl $trit $zstn etc. I will play them till the momo is over. I even take the stocks that have gotten ahead of themselves and are fading and put them on a "short list". Past few weeks I have shorted $biof $hpj numerous momo stocksHere are some favs that look like they are going to breakout again. $ctel $ades $nvmi $smod -- These stocks will mostly like breakout today or tomorrow:

Bronze Set-ups for week of Jan 11

@copperstl — Sat, 09 Jan 2010 19:40:28 GMT

Hope you all are getting settled into a new year of trading! Let's make 2010 the bests ever. Bronze Set-ups for week of Jan 11.pdf Note: there are several charts on the charts page that our Silver/Gold will be trading. Our Black Pass trading floor is now open which focuses on options, with options education included in the membership. Black Pass members trade both stocks and options. This options room is for brand new options traders that can't spell option yet! **I'll post a weekly Bronze set-up as you may note during this upcoming week. Silver/Gold/Black watchlists are posted nightly.

The Creation of Bulls....

@stockgod — Thu, 07 Jan 2010 23:34:09 GMT

It's 2010, and the year has started off with some major Booms. @copperstl nailed a great options play in the last 2 weeks in the black room worth 1000% - not to mention many other ones along the way. @kunal00 and @urban_ryno have had more hits than Michael Jackson, and I've managed to squeeze some great winners out as well. When we first started this concept, I had no desire to get into a new business. I sold my company in 2006, and I really wanted to chill out for the rest of my life. Spend time on the water, do things I enjoy doing like riding a bike, driving fast cars, playing with my kids, being with my wife etc... For better or for worse I was almost "forced" to do it. I'm sure many of you know the history, for those who don't, it doesn't really matter anymore. The point is we came together as a group and we did it because we actually enjoy helping people! We didn't want to make Bulls about individual accomplishments. Rather, we wanted to get the best of the best people and work together to cut through the noise, and disseminate the information to give you guys the best ideas we could come up with. That said, it's not about @kunal00, @copperstl, @urban_ryno, @stockgod --- it's about YOU, our community, and our community is represented best by @BullsOnWallSt. There are many people behind the scenes, and at some point all will emerge. We have some *very* exciting announcements coming in the future. We're here to stay. I know a few months ago many of you were almost "scared" to join us for fear that you'd get banned from a certain other website. I don't believe it will happen, I think over time people will realize that community building requires bridging relationships and keeping doors open. For those of you who have supported us since the beginning, we will always appreciate what you did. For those who are now realizing we're for real - welcome! If you feel like we've done a good job, and you've become a better investor because of Bulls, then I would ask you to take one minute out of your day and vote for us! We love the community, love to help, and would love your support!

Bronze Set-ups for Jan 6

@copperstl — Wed, 06 Jan 2010 3:08:29 GMT

Happy New Year trading family! Let's get busy....we've got some money to make! Tweet me with any questions. Watch the market as we are trading at key levels. Bronze Set-ups Jan 6.pdf

Cutting out the noise!

@stockgod — Tue, 05 Jan 2010 23:18:20 GMT

Hi everyone, we're making some changes to the site. For the past few months we have been aggregating all the trading data on Twitter, disseminating the information, rating the people, and disseminating further. The four of us then combine our thoughts, and make picks collaboratively or individually. We're going to limit what's displayed on the stream live now. We'll show only those who follow @bullsonwallst. If they don't and you would like to see them on the stream please tell us by emailing info@bullsonwallstreet.com who you think should be on the stream. This is the best thing we can do for our users.. We simply don't want our users buying junk picks, and this will help us eliminate a ton of noise. Thanks! sg

Silver and Gold... and Black?

@copperstl — Tue, 05 Jan 2010 23:07:23 GMT

I had to take just a minute to thank all of you for your overwhelming support of our trading groups. Each day is filled with intellectual dialog, opinions, questions, and humor in each of the Boom Factory rooms. What a pleasure to spend time with you daily Trading Family! Let's continue to learn and earn! We will celebrate with your successes --it's great to see! What a blessing! Go BULLS$

MarketRecap/1-5 Watchlist

@kunal00 — Tue, 05 Jan 2010 4:26:26 GMT

No matter how you want to word it mother market kicked off the new year with some sass rolling on Bob The Bear and his unsightly friends. While most of the gains rolled in the first hour or too there wasnt too much to be displeased about the action today. Looks like the dip to end the year gave the market just enough of a breather to to work of its overbought conditions and put some gas in tank.It seems that most of the market and many traders took off the last two weeks to celebrate their first year of victory in many years (see most people are not in a constant state of victory as myself) Its probably been many of moon since Harry the local Fidelity Magellan peddler has been able to go home and night strut into his bedroom and tell his pretty wife that Peter the PoolMan is no longer the man of the house (and in her heart!) ....you could see the mad dash to put some cash back in the game hence the China Ding Dongs, independent oil & gas, small/micro caps and high beta names off running. Im interested to see if that continues. If you were making money you were probably rolling in these sectors. 1-Day Gainers Chinese Auto Parts Stocks 9.70% Chinese Agriculture Stocks 9.00% Agricultural Chemical and Fert... 9.00% Chinese Online Gaming Stocks 6.90% Data Centers, Colocation, and ... 6.00% Platinum and Palladium Stocks 5.90% Chinese Solar Stocks 5.50% Industrial Metals and Minerals... 5.20% Coal Stocks 5.20% Video Game Stocks 5.10% View A I personally didnt trade too much as I wanted to observe the action and see how the action would be for the new year. I did take small positions in $csgh $best, $ngas, short $kndi I did make a very eggregious mistake in trade management today in $cdii a stock I have traded for years and have held for 5 months now and sold it premarket 10 minutes before it started a 55% percent move. It cost me some big money......But we are never going to speak of it again! The market still looks in strong shape. We worked off the overbought condition and lot of sectors breaking. The charts look the same in most of the sectors. Everything is breaking out of near breaking out.Oil & Gas stocks all have similiar charts that are about ready to go or at that breakout spotfor Small Cap Oil: $gst $mpet $pdc $rame $exxi $bexp $keg $nog ---all these look goodMid/Large Cap : $str $atls $bry $kwk $geo $oii $cnx $spn -----could cut loose tomorrow KEGAll the charts are pretty much the same....Oil is super overbought so trade quickly the breakouts instead of swingtrade a stock.________________________________________________________________Other than that I have a bunch of stocks on my radar that look like they could bounce back from tax loss selling that also have big short positions like $ncs. I will slowly start adding to when I see some movement.

I totally screwed up today...

@stockgod — Mon, 04 Jan 2010 22:28:30 GMT

What happens when you know what you're doing, but you doubt yourself? You make a stupid mistake. If you don't stick with your convictions and strategies, and you overthink stuff, you WILL LOSE MONEY. Today was a bittersweet day. I fully expected $CDII earnings to be terrible, and I was hoping for a bullish outlook. What I didn't get from the call was actual number guidance -- and that put some doubts in my head. As I said on Friday I still liked the company long term, and if I could scale out some or all of my position I at break even or better for now I would. The stock went up 60% today on some crazy short covering and it looks like some people are realizing that the MG business will do well in the future. I had 38,400 shares with an average of $1.40 ish. Had I just waited a little longer I would have made over $15,000. Not only did I put doubt in my head, but I put doubt in @kunal00's head and cost him $2000. Instead I made $5000 because I doubted myself after surfing a few forums on the weekend. Not that you should feel sorry for me, I don't expect your sympathy. I made over $13,000 today in realized gains, and added to a number of positions. Stick to your convictions, and what you know best. If you don't know then find the best people who do, drop the ego, and follow them. Let this be a lesson to you, don't over research stuff on the weekend. Unplug. I should have listened to @hedgieguy when he hinted we should stay away from stocks this weekend.

What's in your wallet?

@copperstl — Sat, 02 Jan 2010 20:53:09 GMT

Surely I am not the only trader excited about 2010! Fact is, everyday, I can't wait for the trading day start and I certainly don't expect my sentiment to change simply because we rolled into a new year. BULL$ has been a blessing in 2009. When I sent my firsttweet, the end of May 2009, I had no clue I'd be so honored to be involved with such a remarkable trading community. I remember following Stockgod and Kunal as one of my first follows. And honestly, I was tickled pink when they both answered one of my tweets! Oh my goodness, it was like rock stars had signed my CD! I was intimidated by UrbanRyno -so I didn't tweet him until much later and braver. Besidesmy brothers, theBULL$ traders, I have met so many wonderful people --all over the globe. Each with varied interests, backgrounds, and goals, yet somehow, we all migrated to bullsonwallstreet tobuild a cohesive mix of like-minds. Some can't spell stock market yet,others are pros, while those in-between are like sponges soaking all the knowledge they can absorb. Amazing! People ask why I give my "secrets"--- For goodness sakes, I am not KFC. While I may not provide all my "formulas" I do provide ample knowledge and strategies that anyone with any background, education, and pocketbook can start building a secure future....right now. My "formulas" are not for new traders anyway. One must walk before they run. I spend more time with new traders, by choice. It's my calling, if you will. I am a technical consultant by trade accustomed to teaching adults technical material. I have 2 choices: impress you with what I know by speaking over your head or break it down into components and compartments to allow students to grasp the concepts then let them soar~! Which one do you think is win-win? Some of you may outgrow meas Icontinue to focus on new traders without the patience to provide me time to get my act together. This grew fast quickly...I need a bit of time to assimilate the education levels and materials. (Doesn't mean you will outgrow me in knowledge....I'm arrogant and competitive enough to let you know that upfront! )Nonetheless, you will take my concepts and move on. Others will take my "free" information (which Ihappily give "freely") build from it, then find others on twitter offering "free" information and continue on that path forever.Good for you! But the ones that get focused, organized, disciplined and educated will be the true winners. There is so much info on twitter, I can't begin to process it all. Most of it is useless for me. Whilesome of it is good information, some of it is simply incorrect. I see charts posted; I see all the "technicals" and articles people post...oh brother. (that's another discussion..suffice it tosay one best watch who they listen to or expect to lose on many trades) If you want to be a successful trader or investor, find the traders that draw you and stay with them. It may be our BULL$ traders or not, the point is...cut down on the noise. Stop jumping around (see Jumping Bean Strategy blog) Get focused. And whether a BULL$ trader or not, if you are trying to solicit free advice and information without compensating the professional (and I use that word loosely) you are "milking" - shame on you. Find a way to give back! Tweets, thank yous and testimonials cost you nothing. (Some of you are following other new and inexperienced traders orpeople not even in live trades, thinking they are pros....be careful...I am tired of helping people repair trades because they are listening to the wrong people.) I will always help people for free. It's how I operate. But there isa difference between answering a few questions and reallyteaching someone a new vocation. That's whereyou step into a different realm of the education.You can dabble around, make a little play money, maybe increase your portfolio a bit, or you can decide to learn a new career or add to your existing career..and go back to school. BULL$ University is on its way. Those of you wishing to learn options concurrently while learning stocksshould join the Black Pass. I am not "selling you" --it is what it is. (and yes, I ended that sentence with a preposition.) You have asked how to become full-time successful traders. BULL$ created this service for you..it's called the Black Pass, designed for serious individualsseeking to be career traders --walking in as beginners. Concurrently, you will learn stocks in the gold room and options in the black room. The Black Pass includes options education (calls/puts/covered calls). Weopened the Blackroom Monday Dec 28th -one week ago--really a few months earlier than expected. But our community requestedit....we listened. Classesare held in the evenings-ongoing during the month.The courses are included in the membership as I needed to be able to "call a webinar" when I see the need as well as following the course curriculum. Part-time traders, this is also for you. I traded options while on travel 48 weeks per year. (it's where I make the big money) The set-ups for options are swings -which are perfect for part-timers. If you wish to learn how to day trade options, join us in the Black room during your availability. I will copy/paste some of our dialog to a blog in the evenings to keep you updated. Experienced optionsand complex options traders -- we will be able to accommodate you as well. However, I feltI needed to reach out to the beginners first. Beginner stock traders will benefit from both the gold and black rooms -may as well make money while you are learning. In the gold room, you will be privileged to trade with some of the top traders on twitter, our very own Stockgod, Kunal and Ryan. Do you know how much it should cost to trade with live traders everyday? Guys, you better have another look at this. I paid $1500 to sit down witha live trader many years ago. Wall Street isn't cheap. So, Happy New Yeartrading family. I am privileged to be part of your lives. Step up to the plate and start swinging the bat. Join other "like minds" in Gold (stocks) and/or Black (options). Beginners, I am speaking to you. Intermediates...jump in and learn foundational elements you've missed. If you're already making a hefty 6-figure income from trading, maybe you don't need us (unless you are losing more than you make) If you have the foundational knowledge, but still aren't as successful as you'd like, this is your chance to change your life. I believe in what I am doing. The fact thatwe charge doesn't bother me. People pay me for what I know. It's how consultants make a living. I get to see the benefits: people taking control of their finances people witha new hope and excitement quality of life enhancements for their families the ability to leave stressful, unfulfilling, or underpaid jobs flexibility to control their time (be their own boss) the money to be able to take that dream vacation, build college funds, pay back debts, or help others building skills to teach their children I am not money hungry, but it takes money to live in this world. I've been with it and I've been without it (when starting companies as example) and I'd much rather be with it! We'll be helping each other this year as we build our community. Please, join us. You are a blessing, Leigh

Meet @rahulsood!

@stockgod — Fri, 01 Jan 2010 9:23:59 GMT

In my travels I sometimes come across interesting trends or concepts that I take a personal interest in. You should probably read the rest of this blog over here...

Dec 29 BuyList/Market Recap

@kunal00 — Tue, 29 Dec 2009 2:54:33 GMT

drip drip drip chop chop chop not much action going on today. Stocks ended a sloppy session higher today, with the Dow, S&P 500 and Nasdaq managing fresh 2009 highs on some semi-hoopla about a recovery in retail sales. Stocks have risen for the last 6 days rising to levels we havent seen since the good ole George W Bush days!!I always refer to these days during hanukkah to New years as the "shit carnival" all the rebalancing and tax loss selling nails a lot of the under 5 dollar stocks but then the craft scalpers come in and bid them back up. Due to the low volume you can actually have some good volatility in these stocks as there are not too many buyers or sellers to keep things orderly. Even without any real action the Good folks at BOWS# were still in safe hands due to frothy action in $nep and $synm. The Boom Factory was jumping today with big trades on $ahd short, $srz long (gracias urban_ryno) , and numerous other trades that all went from 5-20%.As you can see the market is very overbought (anything over stoc 90) we are due for a small pullback. Ideally we get a pullback to the breakout spot..have a nice retest (work off the overbought situation) and bounce from there.2 sectors Im liking right now are tech and oil. But both are very overbought. Typically when we hit extreme readings I wont swingtrade any of these type of stocks. I will shorten my timeframe and trade breakouts. That way if market pullsback my losses are minimal.As always when market is overbought I raise large amounts of cash. Right now Im about 60% cash 20% short and 20% long. ______________________________________________________________a few of the tech names I like$trid$simga little bit more consolidation in this and it will be ready to go. I think this is one of the hot tech stocks of 2010. Great volume pattern. This stock has a good chance to run to 3s.checkout $dram $issi $smod all these companies have made big runs.I like $gsit on a pullback_________________________________________________________________________Oil & GAsAlso am looking at $kog and $ent for evidence of a breakout.Short $rigtags: RIG, KOG, ENT, SPY, QQQQ, IVAN, SIMG, TRID, SRZ, NEP, SYNM

Another update on $NEP and $SYNM..

@stockgod — Mon, 28 Dec 2009 22:20:00 GMT

Okay if you haven't read my history on $SYNM and $NEP the blog links are below. If you have ever found yourself in a position of fear -- one where you feel like dumping a stock because of a minor dipI highly recommend you read them. I *never* recommend taking losses on companies with great fundamentals unless you are a day/swing trader and you're purely trading for income. If anyone recommends otherwise then I suggest you get a second opinion from someone smarter. Read these blogs first: Blog One Blog Two Blog Three Blog Four Next, let's provide an update. Today I sold 10,000 $NEP from my trading account, so you'll notice the position is slightly lower, but I can't argue with a $44k+ profit. I still hold a full position of roughly 140,000 in my long term accounts. I continue to hold $SYNM and as you can see I'm into the green now! My overall position on $SYNM remains very high, higher than my $NEP position. Amazing how patience pays off when you're holding a great play! The "herd" has not found $SYNM yet, but I'm almost certain they will, just as they found $NEP $4 later... On my next blog I'll talk about the next stock that I'm building a very large position in....and the reasons why I like it.

Bronze Set-ups for Dec 28 and Market Hours

@copperstl — Sat, 26 Dec 2009 20:12:43 GMT

New Year's Eve and New Year's Day Thursday, 12/31/20099:30AM - 4:00PM EST Friday, 01/01/2010CLOSED Another lighter and volatile trading week with the approaching holiday. I will resume teaching information in January. Bronze Set-ups Dec 28 New Year's Eve and New Year's Day Thursday, 12/31/20099:30AM - 4:00PM EST Friday, 01/01/2010CLOSED Another lighter and volatile trading week with the approaching holiday. I will resume teaching information in January. Premium set-ups Dec 28 cover more stocks and price ranges, including opportunitiesfor shorts, longer swings and investments. The Black Pass is now available. (see Bullsonwallstreet.com > Premium> scroll over to read descriptions) This is the separate trading room focused on options and education. Reminder: I am a live trader. I will be live in this room during the week as much as I can. Education will be after market hours in the evenings duringeach month-- ongoing. (calls/puts/covered calls strategies) We'll still trade stocks as well in the active trader room; however, we'll be all about set-ups, with a faster pace relative to trades, and not teaching or answering questions on stocks or how to trade them. If you arenewer stock trader, you'll wish to focus stocks in the New Trader room (our current room). If you are a newoptions trader,the Black Pass is the right place to start if you are serious. Education, webinars, etc.are included in the membership. We expect to answer options questions in the (Black) or active trader room. To make it practical for traders to stay in the room, we'lltoss out stock trades as well. So...less stock dialog and assistance, but plenty of options discussions. RECAP: Black Pass provides access to both rooms. Optionstrades and education, along with stock picks, will befocus in the Black or "active trader" room. We will continue to practicea virtualoption set-up each month in the current room and will help new traders with stocks will Silver and Gold memberships.

Do Not Open Until Christmas Update

@stockgod — Thu, 24 Dec 2009 18:50:49 GMT

Hi there guys! Some months ago I wrote a blog about my unrealized losses in $nep and $synm. Remember this blog? Over the last months I have been patient, thinking that these things are going to fly. I added to both positions, both in my short term and long term accounts. I'm basically at 2x in my long term accounts on both positions, but if you take a look at the following screen shots you'll get the idea. In total the portfolios are up over $700k on $nep, and down roughly $55k on $synm. Not worried about $synm. ..but you'll also notice I added to both. Part of the strategy. If you would like to learn more from us, we are more than happy to help. This coming year will be a very big year for the Bulls community. Think of it like a gathering of traders... except instead of following the herd, so far we've been leading them. We're like the matadors of Twitter. Do not open until Christmas? Merry Christmas....

Thank you for believing in us in 2009!

@stockgod — Tue, 22 Dec 2009 21:53:55 GMT

Thank you for believing in us in 2009! I apologize in advanced for 2010! We had a great year this year. I've been trading for years, and never has there been a convergence of technologies that helped to create the most effective crowd sourcing tool for traders. Combine that with the biggest dip in our lifetime on the markets, and you've got the ultimate opportunity to take control of your finances. It has been amazing, and I wanted to take a moment to thank all my followers, and all the supporters of Bulls On Wall Street. On behalf of all of us - your support has been overwhelming and we will continue to deliver into 2010 and beyond...! I especially want to thank @kunal00 for believing in me when things got rough, and of course @copperstl and @urban_ryno for joining us on this epic trip! I wanted to take a moment to apologize to many of you. I sometimes come across as arrogant or uncaring -- and the fact is I'm not like that in real life. Stockgod is my alter-ego, and it gives me an opportunity to vent like I never could before. I don't identify with liars, I don't like crooks, and I call it like I see it. Although sometimes a few good people got caught in the crossfire. I may come across aggressively and if I offended you in the process I'm sorry. It seems that the more successful one gets, the more haters one generates. That's okay, I can live with that. ...just know I wish well on all of you, and wish you nothing but the best in 2010! Remember, what goes around comes around, so be a good person, sleep well at night, and your life will be enriched. So before I sign off, I wanted to apologize in advance for 2010! The dickishness may or may not continue, I'll try to be more sensitive to the pumpers and liars who post nothing but garbage calls and/or fake gains. Take care ya'll! I'll be around, but I just wanted to wish you the best of the holidays! Enjoy them while you can, because next year we're going to be putting out fires everywhere!

Set-ups for Wednesday Dec 23

@copperstl — Tue, 22 Dec 2009 3:11:57 GMT

Continued watch encouraged for set-ups on .pdf for week of Dec 21Remember if the market or the stock gaps down, we must adjust entries.I am in Boom Factory to help when possible to guide with entries.Reminder to trade with caution these next 2 weeks with holiday market conditions.I would trade only if I can monitor screens during these 2 weeks -unlessI amtrading options.See if the format in the table helps and advise. Recap from previous night is below the charts for reference.Post the holidays, I will add stocks in the $10 to $25 price range.(per requests) Sc = Scalp Sw = Swing IntSw= Intermed Swing LgSw = Longer swingShort = Short Date Of Watch Symbol Strategy Close Entry Target 1 Trigger Break Target 2 Notes Dec 22 21-Dec FNM Sc/Sw 1.08 1.14 1.24 to 1.29 1.33 1.44 21-Dec KOG Sw 2.28 2.34 2.51 to 2.54 2.37 -2.29 2.64 to 2.69 21-Dec CPF Sc/LgSw 1.37 1.47 1.94 TBD looking for possible retrace KOG CPF Highlighted changes from tonight are below for easy reference. Tuesday Dec 21 Watchlist LCC (break-out quick swing strategy) We got out break out!! Watching for any steam left tomorrow. Still waiting for LCC to go .....well.....somewhere! Close: 4.60 Entry: 4.67 Target: 4.94 to 4.99 GBG (Scalp) Volume played out but no momentum to confirm. May watch Wed/Thur Trading Range Strategy Practice (remind me to teach moreabout this on a free webinar to premium) Close: 1.67 Entry: 1.69 Target: 1.79 to 1.84

Bronze Set-ups for Dec 23 and Market Hours

@copperstl — Sat, 19 Dec 2009 18:17:04 GMT

Remember....next 2 weeks are normally lighter volume weeks. These set-ups should be traded with caution. ...no volume....no trade. I will be trading Monday - Wednesday (probably not during the middle of the day) Market Hours: Christmas Eve and ChristmasThursday, 12/24/20099:30AM - 1:00PM EST Friday, 12/25/2009CLOSED New Year's Eve and New Year's Day Thursday, 12/31/20099:30AM - 4:00PM EST Friday, 01/01/2010CLOSED Bronze Set-ups Dec 21 Sc = Scalp Sw = Swing IntSw= Intermed Swing LgSw = Longer swing Short = Short Symbol Strategy Close Entry Target1 Trigger Break Target 2 Notes FNM Sc/Sw 1.08 1.14 1.24 to 1.29 1.33 1.44 KOG Sw 2.28 2.34 2.51 to 2.54 2.64 to 2.69 CPF Sc/LgSw 1.37 1.47 1.94 TBD looking for possible retraceI am trading CPFas swing to 2.00ish (will scalp on the way)

MOMO STOCKS 12/18

@kunal00 — Fri, 18 Dec 2009 14:10:55 GMT

AMD APWR BEXP CAAS CACA CMFO CYTX DAN DSW EWBC FMCN GOL HEAT HGSI HL HTCH ICOC IO IOC JASO KNDI MED MFW NLST NTRI REV RINO ROY SCSS SEED SKX SNIC SORL TAM THM TRIT TSL TSTC TTM UAUA UFS WSII XRA XTEX ZSTN I run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips. This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. This is a composite momo screen so not every stock is in the same mode some are near breakout some are near pullback, many are flagging. Lots are actionable So there are different setups in this group. How to use this list? Highlight the tickers. Paste them into finviz. All the charts will show up on 1 page with all their fundamental data and news! That easy people. Then narrow it down to what interests you and voila. This list is very powerful. LOOK at $visn and $bexp (nice breakouts) few days ago. http://bit.ly/8FeMAT Yesterday? $snic it was huge.Everyday something will breakout on this watchlist. It was flagging for days: then boooooooom Depending on your style of trading you can buy it in anticipation of breakout (with tight risk controls) or set some alerts and play the breaks One thing I like to track is the changes in this list. New additions and also stocks that stay. The stocks that keep showing up on this list are showing continuous strength. That is a plus and something that should be watched closely. Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe.Notice stocks that fall of this list. They can be great short candidates. I nailed a huge short in $hpj the other day. What do you notice? How many posts have I done on $SORL ? Lots! HOW many posts have I done on $ZSTN ? dozens! Heck a lot of these stocks I find them before they even make it on the momo list (I got a great feel for what will become momo) Was just speaking about $visn yesterday (Broke the heck out) So that is what I focus my list on first. Also new additions. See ZSTN showed up for the 2nd time. So this is a stock if im a trader I watch closely as it probably is ready to btfo over and over for the next couple weeks. There will be many seperate and different trades in it as it will move up, pullback, flag, breakout, pullback etc etc If you track my twitter posts you will see me continuously play these stocks for daytrades, swingtrades, scalps. $sorl $trit $zstn etc. I will play them till the momo is over. Here are some favs that look like they are going to breakout again. $nlst $uaua $seed $io $zstn $cytx Some that are on the list that seem very extended and when they turn could fall like $hpj: $dan $caca $rev

Kunal00 Buys & Sells

@kunal00 — Wed, 16 Dec 2009 20:52:03 GMT

Market is at resistance here and its overbought. As Im playing the range I have been selling off some shares and taking profits. I will reload at the bottom of the range in the SPY or the 50dma. I still have a feeling the breakout is coming as Im seeing nice setups in the TRAN SOX and some other indices. But since we are overbought the probability of a sustained a breakout lessens slightly. If we do breakout I will reload accordingly I have taken profits in many longterm swings. added numerous scalps today. I have traded the last few days like a lunatic as the market has been choppy but its been a downright "shit carnival" with AMEX pennies on fire, biomania and the china dingdongs breaking. To watch me trade the last few days has been a thing of beauty like a threesome between Mandy Moore and Rachel McAdams (they are sooooooooo bubbly!!) I have liquidated 3/4s of my $acad all of my $arna (both gains were above 10%) Daytraded yesterday $arry 3x yesterday for cumulative (+10%) $eonc today (+8%) Sold off $sutr $uco (+4%) Took a small loss on $idi selling out for 8.05 today (--5%) $eds (-2%) out of my trading accounts. Still have them in my IRA's. Having volumeless China DingDong stocks in your trading account is like dating a transvestite without a cock just pointless Covered my shorts in $biof $hpj (both nice ++15%) gains _________________________________________________________________ I have added a quick swing in $bee today 1.87 added a short in $fcx 79.45 (will add more at 80.00) with a stop at 80.40 Also $zstn 8.16 in my ira. _________________________________________________________________ As you can tell its been a pretty fucking good time in the Boooooom Roooooom "where all the magic happens" BUT IT HASNT BEEN ALL COKE AND WHORES But I must admit I have made a very eggregious error as im getting jack hammered in the DONG every 10 minutes with a rusty nailgun via $yong (pun intended!) This thing has got me basted and i have a decent size position in. Lesson: hmmmmmmmmmmm DONT FRIGGING DOUBLE DOWN LIKE A Pakistani gypsy playing UNO. How am I supposed to be the "cockgod" standing side by side with my bestfriend "stockgod" if my balls have dismantled and stabled on the flag pole as a lesson to double downers... Not sure but looking for an exit plan! Or I might just add some more!! Top Pick: $zstn Tags ZSTN BEE YONG SPY ACAD ARNA EDS IDI UCO

MOMO Stocks Watchlist 12/16

@kunal00 — Wed, 16 Dec 2009 14:14:33 GMT

AMD APWR BEXP CAAS CMFO CYTX CYD DAN FMCN GCI GOL HEAT HGSI HL HPJ HTCH ICOC IO IOC KNDI MED NANO NEP NLST NTRI REV RINO ROY SANM SCSS SEED SKX SNIC SORL SWSI THM TMI TSL TSTC TRIT TTM UAUA UFS VISN WSII XRA ZSTN I run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips. This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. Lots are low float, chinese etc. I see Airlines in here that have moved huge. This is a composite momo screen so not every stock is in the same mode some are near breakout some are near pullback, many are flagging. Lots are actionable So there are different setups in this group. How to use this list? Highlight the tickers. Paste them into finviz. All the charts will show up on 1 page with all their fundamental data and news! That easy people. Then narrow it down to what interests you and voila. This list is very powerful. LOOK at $visn and $bexp (nice breakouts) http://bit.ly/4RneQz One thing I like to track is the changes in this list. New additions and also stocks that stay. The stocks that keep showing up on this list are showing continuous strength. That is a plus and something that should be watched closely. Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe. What do you notice? How many posts have I done on $SORL ? Lots! HOW many posts have I done on $ZSTN ? dozens! Heck a lot of these stocks I find them before they even make it on the momo list (I got a great feel for what will become momo) Was just speaking about $visn yesterday (Broke the heck out) So that is what I focus my list on first. Also new additions. See ZSTN showed up for the 1nd time. So this is a stock if im a trader I watch closely as it probably is ready to btfo over and over for the next couple weeks. There will be many seperate and different trades in it as it will move up, pullback, flag, breakout, pullback etc etc If you track my twitter posts you will see me continuously play these stocks for daytrades, swingtrades, scalps. $sorl $nep $zstn etc. I will play them till the momo is over. Here are some favs that look like they are going to breakout again. $nlst $io $nano $snic $hgsi $caas

12/15 Recap/Top of the Range

@kunal00 — Wed, 16 Dec 2009 2:18:49 GMT

range, range, range, range, range, range range. The last couple weeks has been some of the easiest trading a swingtrader could ever imagine. Bounce between support and resistance.......holy moly! you know what thats called. Swingtrading. Today the market neared the top of the range. As we have known for weeks to get our breakout we were going to need some news. Since I've been playing the range I decided to go back to 50% cash and add a few tasty shorts on some bloated ladies courtesy.The market took a dip today but it was warranted. We were getting overbought and near resistance. We got some semi-bad news on the PPI front, the men in funny pants sold banks on dilution fears , the dollar was up and boooooooooooooonzai were down 600 points! oh wait 60 points on the DOW. Overall I saw that as a positive even with the dollar $uup rising we stayed even the whole day. You would have the thought with the inflation data the "Gold buggers" and the "dollar whores" would have stood side by side hi fiving each other in the nutsacks (they like it like that) while phoning "Bob The Bear" via a Motorola Startech plotting to take down the market. Not yet......the idea is sound but their will is weak for now.All in all a good day a decoupling of the dollar carry trade is good in the long run. Oil finally snapped back after a big losing streak. Gas, alt-e plays firing. Amex pennies, BioMania back in action. On the trading front the shorts were working, the longs were working, the options were working. Almost every BOWS pick from the boooom rooom was on fire and I was up green in a most uncivilized manner.In conclusion...Play the range. Very simple. Load up and scale out...Load up and scale out.

Watchlist for Wed Dec 16

@copperstl — Wed, 16 Dec 2009 1:56:35 GMT

If the market gaps down, I must adjust. If the market gaps up, don't chase. Practice scalps. They are not easy to trade. I am trying to provide potentials before they move. GBG (day and swing) I waited for GBG to pull back for a possible pop back to 1.80 to 1.90. It looks ready to go. The question is when? Close: 1.64 Entry: 1.64 to 1.69 Target: 1.84 to 1.89 NLST (day and swing) I started to place this on last night's watchlist, but didn't. I traded it today with good gains. It is still poised for more upmove. NLST has formed a very nice bull flag. I can day trade it when it moves or set this up as a swing trade with Target 1, take some off the table and re-set for Target 2. Close: 5.72 HOD 6.04 Entry: 5.72 to 5.79 Target 1: 6.24 to 6.29 if break of 6.34 triggers target 2 Target 2: 6.94 to 6.99 if break of 7.03 triggers target 3 Target 3: 7.29 to 7.39 YRCW (day) If this confirms on momentum, it could pull a nice quick return in a day or two of holding the position.Only trade if this confirms! If you don't know how to confirm, review my confirmation criteria on one of my blogs. Learn this! Maybe I need to offer classes?? Close: .829 HOD: .94 Entry: .87 Target 1: 1.09 to 1.19

How a Secondary Offering Should Work...

@stockgod — Tue, 15 Dec 2009 2:23:40 GMT

I can't believe all the "whiny"comments on $NEP today (no disrespect if you were whining... read on). It was driving me crazy, so much so that I had to post this blog to explain to many of you how a proper secondary should work (and usually does). Let me start by saying there are secondaries that are good for the company, and secondaries that are good for the shareholders. Then there are secondaries that are good for just the management team to line their pockets with cash (usually open shelf offerings). There are also those that are good for both the company and the shareholder, I call these "Grade A secondaries" and you really need to take the time to understand them. Not that I'm calling this guy out, but someone today said: "$NEP and $C the Nikkei are lessons in dilution. As a common shareholder nobody cares about you. $SEED, $NSLT and others will teach too." This is about the most incorrect comment I've read in awhile. It reminds me of some of the garbage on Yahoo Finance Forums which is why I had to write this blog. I'm keeping this short and bulleted for ya'll to digest in pieces; When a company does a secondary offering they usually do this for a specific reason. Unfortunately in the last year most secondaries were created to save the company fromimminentdeath, and thus the shareholder has become used to thinking "they're screwed". Some of the justified reasons for a secondary are to pay down debt, or make a major acqusition. NEP did a secondary a few months ago at around $4.80 for approximately $18M. The short term traders freaked out, as if NEP did this to screw them. Instead the company went ahead and made a 13M cash acquisition of a drilling company that adds about $5M to their books (at that time). Do the math and you'll see that the return from the acquisition is more than worth the secondary offering. NEP recently bought another rig and they're fully booked throughout 2010 with 30 more Petro China holes... NEP has run up from $4.70 ish to $6.90 on Friday. It hit $7.50 today before the stock was halted. I suspect they halted it because thefinancierswere already oversubscribed for the next offering, and they did not want the stock to run too high or the offering would have to be bumped up to a higher value. Whatever the case the company pulled a miracle and closed a financing for $13M at roughly $6.90! They just closed at that price on Friday! It was an all time high close for them, pretty incredible feat. I repeat, this offering is at the all time high closing price, with warrants priced much higher at $8.10! The company plans to pay down debt with this latest secondary, plus add additional working capital. I suspect the next step will be to either acquire more drills or sign new leases with $PTR which may require some up front cash. Whatever the case, before you go jumping off a bridge think about this. NEP has had an incredible run the past week or so, it needed a correction. Today it correct on a secondary with incredible volume! Do you think Walmart or Nike or Apple or Exxon has the same float they did when they first started? The answer is NO! All these companies raised money at opportune times, and they did this for the better long term value for the shareholders. The most recent example I can site is $RINO! Remember this stock @kunal00 and I were buying this thing up at $8-$9. I sold my position at $20, which I regret. I should have held more... but you will recall RINO did a major secondary on the run up and everyone thought it was lights out for them. Wake up guys, these aren't $HEB class biotechs running unlimited shelf offerings to screw their shareholders. These companies aren't Greek shippers who could give a shit about you, America, or how much you have invested in them. These are growth companies with long term growth strategies. So, you're either in for the long haul, or you're a day trader. Either position is respectable, just remember when you buy into a company like this you're investing in an incredible long term opportunity. Every "grade a" secondary always leads to higher share prices. Some rise faster than others. Invest wisely. I would sign off with "good luck" - but as I always say, luck is for losers. Good investing.

Monday Market Review Dec 14

@copperstl — Tue, 15 Dec 2009 0:32:37 GMT

Afternoon trading was a sideways let down after watching positive openaction that didn't get off the ground to sustain an afternoon push. This shows me the buyers that stepped in this morning remained cautious. No problem - we'll trade around that! We noticefinancials received their boost from Citigroup's release of confirmation they would repay back the government life supportloan (approx 20 billion) a few days after Bank of America Corp released news of repayment to taxpayers of their life support loan (approx 45 billion). Exxon's take-over news, the overseas uncertainty (Dubai), and other factors are still in buyers' minds, but seemed to ease -slightly- to allow major stock indexes to new highs for the year. Gold rose while oil fell. The US dollar fell against other currencies which usually boosts commodities. (Remember, when our dollar falls, commodities are less expensive to foreign buyers.) This week, we still have economy and interest rates updates, which should be interesting to watch. Those of you in $RIMM options (virtually or live) remember earnings is Dec 17th. We have planned to exit that trade prior to that date.

Bronze Teaching Set-ups Dec 14 Groups 1 and 2

@copperstl — Sat, 12 Dec 2009 20:14:55 GMT

Bronze Set-ups and Education Groups 1 and 2 Dec 14 Please see commentary regarding last week's set-ups which are still valid this upcoming week. DSCO update Most of you know I trade DSCO constantly; but haven't made any recommends or comments of late.NASDAQ delist letter went out recently. I will hold my position and most likely accumulate more; however, I won’t tweet or post my movements, giventhis news, to avoid risk for new traders.You are certainly welcome to ask questions! I love delists and trade them aggressively with certain criteria presented and confirmed. Right now, I am in a holding pattern but certainly not "dumping" ~

Update on $SYNM Syntroleum

@stockgod — Fri, 11 Dec 2009 22:07:09 GMT

As pretty much everyone knows, I'm a big bull on $synm Syntroleum. There are many blogs I've created on Syntroleum and $nep Northeast China Petroleum. I suggest you take the time to search for them, they're well worth the read. So for awhile we have seen Syntroleum do nothing, but perhaps pull back to around $2 and it's sitting here doing nothing. It's weak, the volume is drying up, and there's no action. In the meantime we see companies like $biof and $rtk running like crazy. Let me say I've done a ton of research on these companies --- all of these companies, and I have started to add to my excessively long Syntroleum position at these levels. There are a couple of things that makes stock run. One is b.s. news, and the other is fundamental numbers growth. Clearly it's better to have the latter than the prior, however there are CEO's out there who love to pump their stock. They usually do this because they are desperate for cash, and they want to pump the stock to a certain level so they can raise some quick bucks to keep things going --- so in the long term they will survive. I'm going to keep this blog real short and sweet, a few points to consider; Syntroleum does not require cash currently to complete their current plant. Syntroleum will have their plant online sometime in January, and they'll be running full production of 75 million gallons of high grade biodiesel every year. Syntroleum will be miles ahead of their competition, by at least 1 year. That's being generous. Syntroleum's input costs are a fraction of their competition. Thus their fats cost less. The government just extended their bill on the bio-diesel tax credit of $1 per gallon, they go through this almost every year, and they always extend it by about a year. Even if the government decides to cancel the tax credit Syntroleum is the *only* company of their competitors that could possibly survive due to the speculation that their feed stock costs will go down. Bottom line, Syntroleum is in a powerful position being that Dynamic Fuels is 50% owned by Tyson. Rentek $rtk is known for pumping their stock. They will put out news whenever they can, at least for now. They need to build their stock price to raise money. They have no plant, they haven't broken ground, they don't have enough cash to even start a project. No plans, no drawings, nothing. Rentek recently put out a couple of press releases on potential partnerships, deals, etc. None of these have numbers, positions, strategies, etc. They are just press releases. You must take the time to read them. Rentek is at least 2 years behind, at least. The only chance Rentek has to catch up is if by some miracle another company with biodiesel plant decides to license something from them? Being that I studied their IP I'm not exactly sure what they can offer. Now compare the market caps of Rentek to Syntroleum and the story gets more interesting. Dynamic Fuels will be producing 75 million gallons of diesel a year starting in 2010. So maybe next year they do half that. Do the math. Syntroleum gets half. Syntroleum will require more money down the road to create another plant --- knowing the CEO they will not do a raise at a low level. They can sustain part of it with the revenues they'll be producing from theirLouisianaplant. After that they may need to raise money, and by then the institutions will be all over this thing. Syntroleum is my favorite American small cap company. Last thing. Syntroleum will *not* pump their stock for the sake of pumping it. Their CEO is all about nuts and bolts, focussed on realtangiblenumbers growth. No bullshit, no pump and dumps, just fundamentals. Don't expect this stock to spike like or with RTK or BIOF. The only way we see this stock go is if people keep talking about it, OR they put out good news. I expect both to come in the near future. ..and as experienced traders will tell you, there's nothing more beneficial to long term shareholders than when fundamentals meet technicals. Look at $nep for proof of that.

MOMO Stocks 12/11/2009

@kunal00 — Fri, 11 Dec 2009 13:34:33 GMT

AIXG AMD APWR BEXP CAAS CATM CMFO CYD CYTX DAN DSW EWBC FMCN GOL GPRE GSIT GY HGSI HL HPJ IO IOC KMGB KNDI LIWA MED NABI NANO NEP NLST REV SEED SNIC THM TMI TRIT TRGT TSTC TTM UAUA VISN UFS I run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips. This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. Lots are low float, chinese etc. But they have behaved differently the last week. So there are different setups in this group. Some are flagging, some are pulling back to support, and others are in the process of breaking out again! How to use this list? Highlight the tickers. Paste them into finviz. All the charts will show up on 1 page with all their fundamental data and news! That easy people. Then narrow it down to what interests you and voilahttp://bit.ly/7prj09One thing I like to track is the changes in this list. New additions and also stocks that stay. The stocks that keep showing up on this list are showing continuous strength. That is a plus and something that should be watched closely. Also I like to track the nature of the list to see what types of stocks are working in this market as I scan the whole stock universe. What do you notice? Lots of chinese stocks also lot of low float plays. So that is what I focus my list on first. Also new additions. See NEP showed up for the first time. So this is a stock if im a trader I watch closely as it probably is ready to btfo.If you track my twitter posts you will see me continuously play these stocks for daytrades, swingtrades, scalps. $gsit $nep $tmi etc. I will play them till the momo is over. Here are some favs$ttmSee the low volume consolidation? That is good! It could break anyday Im trading $gsit a little different. I have a smallcore pos and then Im scalping back and forth a 1/2 pos as it continues back towards its highs.$tmi you know the story we have been talking about it since the 8s. Now its technically setting up also.$visn Same stock as $tmi the fundies are not as good but it is much more liquid. This should follow $fmcn. Lot of traders in twitterland are watching this which should give it some liquidity and a little extra juice.

Dec 9th Market recap

@kunal00 — Thu, 10 Dec 2009 0:02:52 GMT

The S&P 500 (SPX) rose 0.4%, led by a 1.3% gain in its basic-materials sector. The Nasd Composite Index (COMPQ) rose 0.5%. The Russell 2000 (RUT) closed up 0.1%. Range Range Range Range its seems we have been drifting forever. Ive been sitting around 50% cash for the last week or so we are starting to get close to a point where its good to deploy some cash. $spy 108-109 was my area.I was getting giddy like a school boy as we were approaching my buy area and whaap! the knob gobblers at citi investment upgraded 3m reversing the market. That magical 50 point gain that made you sport wood well almost 1/2 of it was from 3m. In the end we were just basically even. OIL $uso layed a big nasty on all its holders, down for the 6th day in a row. This is a very rare occurance I can only recall one other time this happening last 6 months.I did tip my toes lightly into $uco as a proxy for oil. Usually a break through the lower bb and a stochastics reading under 10 we can get a decent 2-3 day snapback. If we get another drop in $uso close to 35. I will go balls deep into it and add a large amt of capital via $uco with a stop under support.I have a feeling the lack of volume and volatility is just all the so-called proffesionals staying on the sidelines nursing their gains of the year. EVERYBODY made money in 2009. Porn stars, moustached midgets, fat frenchman rocking mutton chops riding around on their scooters were making 50%+ gains for the year. I mean I havent heard the word tax loss selling this year from 1 person. Nobody had losses.In the meantime make watchlists for either range trades, breakouts, and breakdowns. There are still good shorterm setups that are showing. You just have to be content playing "just the tip" and keeping your positions small getting ready for the big move. Now take some of your winnings and be patriotic and go spend eggregious amounts of money on things you dont need and really cant afford!favorite picks. $zstn (on all dips) $tmi, $yong, $xrtx (on pullback)

Bronze Set-ups for Dec 9

@copperstl — Wed, 09 Dec 2009 2:23:10 GMT

$SPF Scalp or Swing (depending upon your style) Target 1: 3.99 to 4.04 Target 2: 5.00 to 6.00 (intermed term possible) $BBI (swing/scalp) Target: .80 to .90

Tuesday Market Review Dec 8

@copperstl — Wed, 09 Dec 2009 0:06:10 GMT

Tuesday Dec 8 The market ended on a negative note as the US dollar still climbs. I wonder if this dollar rally is a short-term up move and will monitor closely to provide new trade opportunities. A market carpet view, post the close, showedsectors took a beating during today's trading session, but not before showing traders they can move up and down and all over the board ina trading day. http://finviz.com/map.ashx?t=sec Reminder: red days (or down market days) present numerous trading potentials.Begin building position (few weeks to few months or longer) or swing (few days to few weeks) trades on these days. When stocks tumble, it isn't uncommon to see investors shift to the Treasury or dollar instruments. Note: a stronger dollar hits our commodities by making overseas buying costs greater.Shake up our commodities and expect it to ripple to materials, energy, and financials. Filter in the market's over-all gains this year as we continue into the holiday season, and it's not uncommon to see investors seek a safe place to protect their gains and wait it out until a clear market direction can be determined. Swing and day traders have no problem booking profits in any market condition, including today. Ensure you are not caught with one strategy of buy, hold, and hope or your portfolio will vomit back any gains at some point. Stay alert; share information; study, learn and earn. We arethe BULLS community .....live traders .....all day..everyday.

How to increase your Bulls Influence..

@stockgod — Tue, 08 Dec 2009 21:44:11 GMT

I have been meaning to post on the Bulls Influencometer. It's a feature that we have on our site where premium members can see the "influence" of a user via a graphical representation. The questions I receive are "how do I increase my influence?". @cpruette just asked me the question again, reminding me to post this blog. So here's how YOU can increase your influence; - Get more followers By posting great trades, especially live trading entries and exits you can easily generate more followers. People who simply post "bought $appl today" add little value to the stream. Whereas if you post "bought $aapl at $190.60", then others can follow your trades. If you're good you'll generate more followers and this will help your influence. - Focus on who you follow Follow people who add value to the stream. Don't follow Lindsay Lohan, for example. Save her for your personal Twitter account. The key is to follow a few people who add value to your trading. Remember you can still view all the people on the stream at BullsOnWallStreet.com. You also can't (and shouldn't) follow everyone and anyone! - Follow @bullsonwallst You automatically get a major boost on your influencometer by following bullsonwallstreet. We can then determine your trading style and it can help boost your score. - Get Testimonials If people click on your name on BullsOnWallStreet.com and post a tesminonial for you, your influence will go up! If the person who posts the testimonial has a higher influence than you it will go up even higher! - Post on the Bullpen! The more you post, and the more people like your posts the higher your influence rating! Just remember, your influence isn't re-calculated until the middle of the night so don't be discouraged! Wait until the next day to see how it adjusts. All of these things will help, and as you use the service more you'll start to see your influence grow over time.

Monday Market Review

@copperstl — Tue, 08 Dec 2009 0:35:22 GMT

Monday brought low volume and low momentum to the market as itremained up and down in atrading range the entire daily session. A flat market prompts skilled traders to pull out strategies for day trades that may be complex, while swing and position traders usually can remain in holding patterns and book profits on any movers. This afternoon, Federal Reserve Chairman Ben Bernanke commented the economy would see moderate improvementsresulting from unemploymentand other issues, confirming rates are are likely to remain low. The dollar stayed in flux movement from last night thru this afternoon's session, with a drop post Berneake's statements, which allowed the US commodities a slight chance to bounce. *Remember, a weaker dollar allows US companies servingoutside market (overseas) to book profits....and usually, we see the market react with rising stock prices during the period. This type of volatility is still a trader's friend. Embrace it, educate yourself regarding how to trade it, or at a minimum, follow BULLS for profitable trades and insight through-out the day. We are live traders .....live trades.....all day....everyday. Leigh

Timeless Investing.. Is there such a thing?

@stockgod — Sun, 06 Dec 2009 19:07:09 GMT

Unfortunately I can't find the blog I created last week on long term investing. Does matter I suppose, perhaps I'll re-write it in another way. Many people ask me "are you still holding $synm? or $blahblah", and I guess it's probably a good time to remind you guys why my trading style has been successful, and continues to be so. Here are some rules / comments on my investing rules; I invest in equities with roughly 20% of my overall net worth. I keep 20% cash on the side plus additional margin within the above 20%. I find great long term investments and 80% of my invested portfolio goes into long term positions in these stocks. I never average down a long term investment unless it's *significantly* lower & moving up. I'd rather not tie up capital, even though I'm confident that in the long term it's a great investment, I would much rather add when it's moving up. I usually start taking profits after at least a double, but I hold a continued long term position in a stock. So if I bought 10k $rino at $8, I would have sold most of it by now, but kept roughly 10% in my RRSP (Canadian IRA). I take 20% of my portfolio for trades and speculative bets. So for example I may own $aapl long term from $75, and $120, and now $190 - but I also trade the stock. I demonstrated over the last month how one can basically make a living trading $aapl with enough equity. I am now messing with the options, thanks @copperstl, and it seems as if I can do the same thing with a fraction of the equity. There is big risk associated with options and we will share more of this in future webinars. I do take losses, but not often. I mostly *only* take losses on the speculative stocks. So last week I took a 5k loss on $bcon as many of you know, but I still hold a core position. On long term investments, when I fully understand the fundamentals I never take losses. I will sit on an unrealized loss, help the company get to where it needs to get, and eventually I'll make a big boom from it. In the case of $synm and $best, I have already made significant profits on these stocks, but I also re-bought long term positions. Both are down, but I am certain they'll go up eventually. In the case of $cycc I have said over and over again it's highly speculative, but I hold a core position under $1, and scalp every time it runs. I then re-load my position. I keep a trading account and a couple of brokered long term accounts. So those are just general comments on my personal investing strategies. I always tweak them, continue to learn from other smart traders. My positions are usually large, even on the speculative plays - so you have to be very careful when following - make sure you understand the time frame, level of speculation, percentage of position, etc. Remember, there is no such thing as "timeless investing" in a volatile market. Rules are meant to be broken, strategies change, and the world events are a huge factor on how I invest. Even Warren Buffet tweaks his strategies, although keeps very close to his core beliefs. There is no place for arrogance when investing. You aren't the smartest person in the room, I guarantee it. Many people on the "stream" act as if they're oracles and they know everything ---- I highly recommend you read what everyone says and tread carefully when you pick and choose who to follow. Always do your own duediligence. By the way, I may rub people the wrong way sometimes, although my intentions are solid. I tend to go after liars, perhaps that's something I should work on. I find it entertaining when someone can claim gigantic gains when they prove themselves a liar over and over again. The danger of Twitter is there's no way to know if the person is full of crap unless you've been watching them for awhile. Usually takes about 1 week to figure it out. I love using BullsOnWallStreet.com because I can surround myself with incredibly smart people and share & collaborate on ideas. The "InfluenceOMeter" works really well generally speaking.

Confirmation Criteria Notes from Copperstl

@copperstl — Sat, 05 Dec 2009 21:35:04 GMT

Check the news! Remember, this is merely a glimpse into what I have on the radar; the trade must confirm before I enter.I adjust targets to reflect market conditions --(if market gaps down, obviously, I may not get the day target)I monitor for about 5 to 6 days -if no confirmation, I remove from list or re-eval.I've added different price points this week per requests.If I list scalp/swing, it provides me the opportunity to determine if volume and other conditions are present to get the swing play. If not, I scalp it, and move on.I am pretty conservative with this list right now given market conditions.Each week I start clean to minimize the amount of symbols to monitor; it does not negate last week's list.Swings can take several days to several weeks to materialize. ** Comments/Notations: A quick strategy to confirm upside move and perhaps the retrace is complete to help time entry: Ensure the stock stays above the previous day's closing price (could use HOD if you prefer) I usually go by close price.If it drops, I don't enter. I review at the close and repeat the next day.If I have plenty of growth room, am very bullish, and simply want entry at the best price, I may not use the above criteria. Many new traders have questioned how to trade off the watchlist. Here's my process: 1. DD (due diligence) re: the watchlist potentials (news, fundamentals, volume, preferred technical indicators)2. I ensure the price for the next day is going my intended direction. (in this case up)3. As a part-time trader: I may set my buy order for .10 or .14 cents higher (as applicable) than the close price to ensure upward move. I could use the HOD (high of day) as well. (ensure there is enough target potential for this strategy or no trade)4. If I can watch screens at points during the day, I can determine if pre-market action is upward. (don't let pre-action fool though - it's very volatile)5. If the market gaps down, I may not be filled; which is fine. I want control of the trade and my criteria met.6. If the market gaps up; likewise, I can miss the trade - which is fine. Again, I want control and my criteria met.7. As soon as I am filled, I set my sell limit (or buy stop) order. (no exceptions) I may leave money on the table if the price goes up past my order, but at least I lock in profits. 8. Adjust my sell limit (or buy stop) order after market close for any buy fills I had during the day. In some cases, I may exit a trade the same day. However, most of these are swing set-ups which can take a few days to a few weeks. I am trying to time these precisely to get the "few days" rather than few weeks, but at times, I must let my thesis play out.

Bronze Teaching Set-ups Dec 7 Group 1 and 2

@copperstl — Sat, 05 Dec 2009 20:54:05 GMT

BRONZE Teaching Set-ups Groups 1 and 2. Dec 7.pdf

Momo Stocks

@kunal00 — Fri, 04 Dec 2009 14:25:38 GMT

AIXG BONT CAAS CYD CYTX DAN DSW EWBC GOL GPRE HEAT HGSI HL HPJ IO KFN KGN KMGB KNDI LNY MED MGPI NANO REV RINO RVI SEED SNIC SVM TRIT TSTC UFS VISN XRAI run scans all the time. Here is a scan I run to find find momentum stocks. The list is dynamic as 1 dip in the market (like yesterday) can change the whole nature of the list. See stocks with momo go up the fastest when market runs and drop like a bag of terds when market dips.This is a great place if your a swingtrader for a watchlist. If you see the stocks many of them share the same characteristics. Lots are low float, chinese etc. But they have behaved differently the last week. So there are different setups in this group. Some are flagging, some are pulling back to support, and others are in the process of breaking out again!How to use this list?Highlight the tickers. Paste them into finviz. All the charts will show up on 1 page with all their fundamental data and news! That easy people. Then narrow it down to what interests you and voila!have a good daybrown brad pitt

Trading Right At Resistance

@kunal00 — Wed, 02 Dec 2009 17:39:55 GMT

Just churning a little here the market is sitting right at resistance and without some good news there is a good shot we just float back towards to bottom of the trading range. Till the market either breaks out and punches some people in the face or breaksdown and kicks us in the balls. Just play the range. Right now the risk to reward favors just floating back down to the bottom of the range. When buying or trading stocks ranges are important. Even the great fundamental traders that never look at charts like sg always have an eye on ranges. So for now I will reduce my position size in 1/2, I will scale in buys to 1/3 position sizes (which I have been doing) , and spend the rest of my days building watchlists and looking up Ukranian mailorder brides for @jweaving . Its a great time to relax a little bit and enjoy profits. in the meantime I have added a small amt of $dsco $simg and $mpet $simg Check the chart its rounded and ready to go. Finnies: $simg Income Statement Revenue (ttm): 174.45M Revenue Per Share (ttm): 2.339 Qtrly Revenue Growth (yoy): -52.20% Gross Profit (ttm): 160.69M EBITDA (ttm): -27.84M Net Income Avl to Common (ttm): -57.16M Diluted EPS (ttm): -0.77 Qtrly Earnings Growth (yoy): N/A Balance Sheet Total Cash (mrq): 153.22M Total Cash Per Share (mrq): 2.036 Total Debt (mrq): 0 Total Debt/Equity (mrq): N/A Current Ratio (mrq): 5.543 Book Value Per Share (mrq): 3.102 Oh yeah I like $sorl on pullbacks to......The boom factory was buying it 7.40-7.50 we have unloaded most of ours around 8 bucks. I still have 1/4 pos left will rebuy lower. Look at $caas $watg $sorl a now brainer and its chart says Im getting liquored up and ready to get loose.

Wed Dec 2 Watchlist Bronze

@copperstl — Wed, 02 Dec 2009 2:12:35 GMT

Shoot me an email if you need the confirmation criteria to enter a trade: leigh@bullson.ws Remember, I choose different price ranges. Stocks over $7 - $8 I will likely trade the options. I don't trade options on stocks less than $7 - $8. Potentials: Scalp/DayTrade GBG target: 1.73 to 1.75 Swing PIR target: 4.50 to 5.00

Monday 11/30 Watchlist

@kunal00 — Mon, 30 Nov 2009 5:50:36 GMT

Well foreign markets are ripping tonight after the nice folks from Abu Dhabi have thrown their support towards their cousins in Dubai. I guess in hindsight it should be no surprise since the 2 are so intertwined and Abu Dhabi has a sovereign wealth fund in the hundreds of billions. In the scheme of things 60 billion is a small price to pay for the right to "own" your neighbor. Im sure over the years the people in the middle east have not been fond of the ongoing "modernization of Dubai. Dubai is going to have to make some concessions to get that cash my guess is there will be some financial and social changes. 6 months from now the Ukrianian prostitutes will even be wearing burkas in Dubai.In the end the market will shake this off but it does raise some questions. When I look at the charts of the many indexes I follow I am seeing divergences across the board. Small cracks are starting to show. Having 1 piece of bad news we can shrug off but another one and your going to see the those cracks turn into waterfalls.Tomorrow should be a good day for those that bought stocks Friday. Bob the bear and numerous others we shorting like crazy on that gap down on Friday. A lot of people will be caught with their pants down if we have nice opening.Keen an eye on OIL or $uso its due for 2-3 day run along with the producers.$lzb $nabi and $pwer look good for some quick trades$crnt $cmfo decent swings$sonc and $dtg setting up on the short side

Dubai the House of Cards we saw coming...

@stockgod — Fri, 27 Nov 2009 4:13:00 GMT

Never has there ever been a bigger house of cards than the city of Dubai. The vision of creating a giant business oasis with false land masses, ostentatious spending, ridiculous architecture, lavish luxuries, and not a lick of natural resources made very little sense to many people. You can't gamble in Dubai, and drinking alcohol is basically done in the privacy of your own home. Dubai is an odd incompatible mix of Western materialism with strong middle eastern religious ideology. Too make matters even more interesting, Dubai is built with slave labor from Pakistan. These poor souls are driven in and out daily on dirty "jailhousebuses"from the old city to the new - if you understood the extreme wealth difference between the rich and the poor you'd be somewhat shocked. The infrastructure is terrible, poorly planned. One must take a visit there to understand, the traffic in Dubai makes L.A. gridlock seem like a walk in the park. There are cranes everywhere, incomplete projects --- it's generally a mess. People are slow there. You want something done? Forget about it - it'll get done when they want it to get done. The kids are lazy, and somewhat spoiled. Oh, and if you plan on doing business there and you're not Arab then get ready to sit at the back of the line on pretty much everything. So in the whirlwind of excess and greed these guys forgot about one major thing. Where's the middle class? I'll give you a hint, there isn't one. Dubai was meant to be a playground for the obnoxiously rich, where RussianOligarchsand Swiss Bankers buy "islands" and putter around on their yachts. Unfortunately when the world economy collapses even the rich are careful how they spend their money. Woops. I guess they never considered that a possibility. So first, I'd like to say that anyone who understood Dubai likely knew this thing was on thevergeof collapse approximately two years ago. Ask anyone who has worked there! Brand new cars were being abandoned at the airport as people fled the country to go back home. Companies were shutting their doors, shopping was dying, and real estate development basically halted. Next thing to go? The Saudi's haven't been honest about their oil reserves. In my opinion they have overstated their numbers significantly. Yes, I think they're running out, faster than anyone expects. The Saudi's need something, other than oil to maintain the future of their economy. Perhaps that's why they invested heavily in Dubai, not to mention multiple businesses including Global Foundries. So my friends, you all know I love oil. I'm long $NEP (Northeastern China Petroleum), I'm bigBioDieseland coal. I'm also heavily invested in a number of oil sands plays. Alberta Oil Sands is heating up. There must be a reason that companies like Petro China are investing. You watch, even though the oil sands seem "dirty", they are as close to black gold salvation as we'll get. The oil reserves in Alberta are estimated by some to be 7 times that of the middle east. You read that right. One of my favorite oilsands deal is private, it's called Sunshine Energy, and I own a massive position. I'll let you all know what happens when it happens. Whatever the case, oil will continue to go up - and that's probably a good thing for everyone. ..as long as it stays around $90-$100 I think we're okay. So relax, smoke some hookah, and watch what happens over the next few days in regards to Dubai. Don't panic. These guys are very smart, they just need a little time and creativity to fix this mess.

Chop Chop Chop

@kunal00 — Wed, 25 Nov 2009 2:51:05 GMT

Well we got blown with all sorts of data...none of it conclusive on anything. Along with that our local tax collectors were flooding some rumors of trader tax. In the end all the data and all the rumors led us right where we started a low volume day with no movement. Really without a big dump in the dollar or some unexpected news I doubt we push to new highs. I usually love this week and Christmas time. I used to refer to it asPenny Pumperweek as the only action is usually in low volume stocks where the message board crowd gangs up together and runs up no name stocks. But since I missed the spectacular "crack" run in $seed and got stuck with her fat friend with great personality $feed I no longer feel the love. I wasnt really feeling the action so I spent most of the day making new watchlists. Longs, shorts, momo, swings. As SG keeps telling me "you dont got to f*cking trade everyday, pick your spots" ( i added the F*cking hehe) The one thing that is obvious is the market is no longer in fullblown meltup. Ive learned the lesson the hardway the last 2 weeks as Im not every ten minutes earning the right to say "booooooooooooom" they are coming harder and tactics have to be adjusted. The market is going higher that im pretty sure of but stockpicking is coming back into play. I know personally Ive been a little lets say cavalier in taking on risk but my 50/50 results of the last 2 weeks have shown me I need to make adjustments. But rest assured I have a plan in place that will be perfect heck Ive been lighting my neighbors cat on fire for years in celebration of my eggregious victories and I will be back at itin within the week. Im going to be adding alot more partime trader type swings as many readers have asked how they can trade with big gains and not have to be at the computer all day. To be honest I make similiar returns in my swingtrades as I do momotrading smallcaps. Here are a couple I like for breakoutpullback plays that actually based on their earnings could run for couple weeks strong A nice low volume pullback close to the bottom of the breakout bar should give you a great low risk entry. Stopa little under 36. 1st target old high, 2nd...who knows For a spec retailer play I like $hott it looks like its been crushed due a declining of same store sales and estimates going to be lower than previously thought. This is all true and not very good. But it looks like it has bottomed and after its beatdown company is pretty cheap. Company has over 700m in revenue with 0 debt and 80m cash on a 200+m market cap and oh yeah it makes money!. Looks like it wants to fill that gap. Income Statement Revenue (ttm): 760.46M Revenue Per Share (ttm): 17.275 Qtrly Revenue Growth (yoy): -3.90% Gross Profit (ttm): 273.31M EBITDA (ttm): 67.01M Net Income Avl to Common (ttm): 18.06M Diluted EPS (ttm): 0.41 Qtrly Earnings Growth (yoy): Balance Sheet Total Cash (mrq): 91.42M Total Cash Per Share (mrq): 2.064 Total Debt (mrq): 0 Total Debt/Equity (mrq): N/A Current Ratio (mrq): 3.24 Book Value Per Share (mrq): 6.052 Cash Flow Statement Operating Cash Flow (ttm): 51.10M Levered Free Cash Flow (ttm): 27.86M i like this one too!!! if you can tell me why I will give you a surprise

Economic Data Gone Wild

@urbanryno — Mon, 23 Nov 2009 0:34:49 GMT

Ok, everyone. It's a short week with lots of economic news. Time to stick closely to your trading rules and don't take your eye of your positions. Remember, I'm a short term trader and prefer to scalp intraday when I can. When I'm unable to participate throughout the day (yup, I have a day job), I'll look to position myself into swing trades. Swing trading can be very profitable if and only if you stick to your rules. For me, that means setting strict stops and only holding as long as the technical setup is still intact. Let's get started:Monday:Existing Home Sales data will be released in the morning and could very easily move the market. Higher than expected is a positive sign for the economy, of course, and could move all stocks up.. including those related to home improvement, home builders, mortgage lenders and home furnishings companies. If you have an opportunity to scalp, check these sectors for some fun plays on Monday. $LOW - breakout confirmed if moves over 22. that would be my swing entry.Tuesday: GDP data hits the street and will definitely shape the direction of the markets on Tuesday and beyond. Knowing that, I'll likely try to be as cash heavy heading into Tuesday. Imagine the opposite - if I am heavy in stocks Tuesday morning, they could all take a hit... that doesn't support the style of a day / swing trader. Let the news come out, then make your move - it's safer and more predictable. The four major categories of GDP -- personal consumption expenditures, investment, net exports and government -- all reveal important information about the economy and should be monitored separately. I'll be interested to see the personal consumption number and how that looks against expectations. More spending, the better. When looking for plays specifically tied to GDP, find out how the four pillars performed against expectations (personal consumption, investment, net exports, and government). From there, build a list of stocks and industries that you expect to move if one of these areas reports well. Example: Take personal consumption:This is broken down into 3 parts - Durable goods (TVs, cars, appliances), non-durable(short life expectancy - food, clothes, shoes) and services (medical, insurance, haircuts). If the GDP report shows a drop in auto sales and the overall durable goods category, then it's time to possible short Ford, or Best Buy or something along those lines. Summary - GDP will likely move the markets on Tuesday... but understanding what happened in certain industries or subcategories of personal consumption is key to better trading. Put a list together of your favorite durable goods, non-durable goods and services stocks.. watch how they move together on PCE numbers.. your play will become more obvious and you'll be focused. Wednesday:More reports than should be allowed are released on Wednesday. With all of this data.. and the fact that it is the last full trading day of the week, I will stick strictly to scalp plays. I want to get in and out of the news movers and be cash heavy for Friday. New Home Sales data released:Home builders have been hit really hard lately, which means a nice report could bounce them up for a few days. Nice swing / scalp opportunities. But, for swing trading, I need confirmation of a technical setup and move before I take a position. I don't take a position hoping that I'll beat a stock to the breakout. I join the breakout. So, for home builders, I'm not about to buy anything (charts are generally bearish) unless the report is good and we see volume buys coming into the entire sector. If all builders are moving up, I'll look for the laggards for scalps, and industry leaders for swings. Watch $PHM and $KBH for industry direction. $SNH is one of my favorite real estate plays. Chart is generally strong and we saw a nice move through 20 on Friday. This is more of a long hold for me and I will wait for a better price for that hold position. $HOV - building on an ascending triangle, but be careful. HOV turned bearish Friday and would be a nice short if it the report is bad Wednesday (Monday's report will influence, as well). Good report, I might swing long and hold with a tight stop under wedge. Ideally, looking for a 4.45 breakout with legs.Consumer Sentiment:This, to me, is one of the most important numbers released this week. Without a confident consumer, this economy falters. Good numbers here and you scalp pretty much anything and have a good trading day. Focus on stuff that people can buy and less on stuff they can't.. like clothing and not biotech startup.Other important reports released on Wednesday: Durable Goods Orders8:30 AMET Personal Income and Outlays8:30 AMET Jobless Claims8:30 AMET

The soon to be Infamous $CHOP earnings call.

@stockgod — Fri, 20 Nov 2009 14:50:11 GMT

I hate using the phrase "American arrogance", because my wife is American, and I'm Canadian - and we're proud to be living on this side of the pond. However, the reaction from two of the investors on the $CHOP conference call in regards to the use of the term "seasonality" wasembarrassing - not to mention the guy who said "next time youz guys come over here to raise money you better get your facts straight" (or something like that). There is no better way to describe the way these people reacted than complete and utter arrogance. Whether or not the company refers to their 4th quarter guidance of "40-50 million, though we'll likely make it near the high end of that range" as seasonal or lumpy shouldn't matter. Smart investors are looking at the year over year growth, and the fact the company is guiding roughly 4x earnings per share in 2009, and even more growth in 2010 I have to laugh at the short term traders reaction! It seemed like most of the people asking question couldn't get over the 4th quarter guidance. Get over it fools, you bought the IPO at $5 and now you're dumping at $4.70 because you don't understand how to read a speadsheet.Focusingon topline growth for 1 quarter is idiotic. Everything the company has promised is accurate. Show me one company who's quarterly guidance is higher than 2008 quarter, by quarter, not to mention more profitable in every which way possible? You will have a tough time finding one. Now take all this and add the fact that the company is going upstream and thereby increasing their margins further and you get a pretty good idea of where they're going. The company has been very clear that they reached a ceiling of growth due to their production capacity, not their customer demand. The investors on the phone should probably get out more. They sold their stock as low as $4.70's, and Ipickedup a bunch in the $4.80's. I wish them luck, but I suggest they get their degree from a real school and not a box ofcereal. Sometimes when investing arguing aboutsemanticsis meaningless. See you at $10. Find $CHOP earnings here.

Get your BullsOnWallStreet Desktop Backgrounds!

@stockgod — Thu, 19 Nov 2009 15:05:43 GMT

Did you know you can customize your Twitter avatar by visiting your profile at BullsOnWallStreet.com? Click on your name on the top right of the screen, and in there you can download a custom Bulls avatar! As well here are some background images for you. Bulls Background 1600x1200 (4:3) Bulls Background 1900x1080 (widescreen) Enjoy!

The BOOM Factory Rules & Thoughts

@stockgod — Tue, 17 Nov 2009 4:41:30 GMT

Rules of the Boom Factory during trading hours we will keep general chatter on the BullsOnWallStreet Dynamic Stream, and outside of the BOOM Factory so we can focus on the BOOOOOOOOOOOOOMS only! the primary intent of the BOOM Factory is momentum trading, day trading, 1-2 week swing trading, scalping, and income we will trade everything from investment grade to speculative stocks, but our goal is to get in and out as quickly as possible (could be as little as 1 day, or a few day swing trade) we will go long and short stocks, depending on the setup we will decide the entries and exits, and tweet those calls out. we will work as a team, any ideas for trades can also be discussed and shared amongst the people in the room we will respect one another we will also bring on options we may not be able to answer questions in there, lots of things going on during the trading day, please ping us on Twitter if you need a question answered just incase we miss is. we may not have time to provide detailedexplanations, this is not a live trading classroom, it's a place to share picks and it's fast moving.

11/16 Recap/Tuesday Watchlist

@kunal00 — Tue, 17 Nov 2009 1:36:19 GMT

While it looked like we might over for a quick second or stay rangebound the bulls led by their feisty leader Big Willy Bernanke took charge and gave us new recovery highs. We gapped up this morning taking out a series of lower highs since last week, bob the bear and his wiley friends were ready to get another beat down.Bob the Bear once againhas gone into hiding he fully escapedthe firing squad today,meekly throwing his twin brother Samir into the line of fire while he waits in exhile plotting his return.All the indices participated today...the good part was the Russell2k was backin action nearly doubling the gains of the S&P. The risk trade might be back on now which is good to see. We did get a slight pullback due to Wallstreets most famous ball juggler Queen Merideth Whitney trying to breakup the party via silly sobering talk ofthe banks returning back to book value and the chopping of consumer credit. Listen folks Queen Merideth is not a trader she is a silly analyst. She has no understanding of the mechanics of the market or what makes it move today. The market will pay no heed to her and her kind. And shame on her for trying to ruin our drunken viagra fueled orgy. Sure what she is saying will come into play but just not today or tomorrow! Party on!!!!! BOWS was completely rocking today. how many of our damn picks just exploded. $tmi $fbp $prgn $s hellllllllllo $nep Not to mention all the momo trading going on in the boooooom Factory. Multiple members today told me that by 12pm theyhad already made backtheir subscriptions. Anybody see $tmi after hours. Put it in the search box me and the socalled Cockgod oh wait @stockgod have posted at least 50x about this stock. If your on bows everyday and you had none...you deserve to have Richard Simmons spank you for being bad......unless your into that!! I did make a slight error last week selling off numerou holdings going to 50% cash...Boy talk about a near murder death kill of myself...That cost me some money today but it was worth it because it was apart of my risk management strategy. I did reverse course on the $spy breakout and put some of the cash back to use. I really got to remember that this market everytime i think it dips it runs and stays strong. In a market like this overbought really is a sign of strenght not a necessary sign to sell. Lesson learned. The market brokeout today. Volume was a step up which is good...We still got some room to go. If we get a pullback to the breakout spot. You can play $sso and put a stop right under. $cski I like this on breakout/pullback. Its overbought which needs to work itself out. Strong levels of support underneath.. A Buy in that area and this thing has a good chance to rocket back Also like $ald $stsi $tgb and looooooooooooooooooooove $idi

3 Minute Market Look

@copperstl — Mon, 16 Nov 2009 0:28:06 GMT

Just a quick look into my world for the week ahead. !

Bronze Teaching Set-ups Nov 16

@copperstl — Sun, 15 Nov 2009 20:16:57 GMT

Bronze Teaching Set-ups Nov 16

BullsOnWallStreet Premium Features Explained

@urbanryno — Sat, 14 Nov 2009 8:24:26 GMT

BullsOnWallStreet is quickly becoming a top online destination for traders and investors from all experience and portfolio levels. That's what makes BULLS what it is today and what it will continue to be - a valued community that welcomes everyone and encourages open communication and collaboration.As with all communities, BullsOnWallStreet will continue to evolve and move in a direction that best supports its members. This evening, Bullsonwallstreet.com got a face-lift and a boat load of new features. We hope you enjoy version 2.0 of our site and encourage you to provide feedback and offer suggestions for future releases. The Bullpen (forum) is a great place to post questions and suggestions for the BullsOnWallStreet team. Below is an overview of the latest Premium features and how we've taken what was a simple Twitter application and truly customized it for traders. The following tools and enhancements were all created with a purpose - allow our members to more efficiently and effectively Research, Learn, Collaborate, and Succeed!Dynamic Stock Stream ( silver and gold members)The second you log in to Bullsonwallstreet, you will notice two significant enhancements to the primary twitter feed (see image below).... both, of which, do not alter your 140 character limit. 1 - Bulls InfluenceOMeter Simply put, this is a rating system for Twitter profiles. The higher the rating (taller the green bar), the better. So, what does this mean to you?Most likely, you don't know the majority of the people behind all of those tweets. This features gives you more to work with and helps you answer simple questions you ask yourself every day.. should I follow this person? Do they know what they're talking about, etc.?Every tweet will have a rating, whether that person is a BullsOnWallStreet member, or not. However, for those who are members of the community, this rating can be heavily influenced over time through testimonials written about that person or how respected their opinions are by other members in the Bullpen. This will strengthen the community and enable you to make better trading decisions. Example: If I have thousands of followers, great testimonials on my Bulls profile page, and my Bullpen posts have high ratings, I'm going to have a great InfluenceOMeter rating. 2 - Sentiment Icons This is a great feature for all Premium members. By using these icons, you're able to say more without cutting into your 140 character limit. Only Premium members will see and are able to use these sentiment icons. Each represents a different opinion ( SC - scalp, LT - long term, SW - swing, SP - speculative, and OP - option play). Example: Let's say I'm a Gold member and I want to talk about a chart setup for $DELL. At the end of pasting in a chart and writing about the setup, I would just click on 'SC' then 'update'. This would push out the tweet and subscribers would see that you're interested in $DELL as a scalp. Example 2: Maybe you like to trade Options. Well, as a Premium member, you can quickly see which tweets are geared towards option plays (see first image above for example of how sentiment icons show in the Twitter Feed). Private High Speed Messages + Email (Silver and Gold members) Want to get closer to the Bulls team and what we're trading and watching throughout the trading day? With Premium Private Messages, you will receive Twitter messages when someone on the Bulls team has a breaking trade idea, news, or announcement. Only premium members will get this tweet. At the same time, an email will be sent to you with the same message just in case you're away from bullsonwallstreet.com. See the below screen shot for an explanation of how to identify Private Messages from the Bulls team. BoomFactory Trading Floor (Gold members) Share real-time information with fellow members and the Bulls team throughout the day in the Gold level chat room (see screen shot below). In the Boom Factory, you'll be able to see who is actively chatting or temporarily inactive (Away From Keyboard). After a while of inactivity, the profile will drop off the list of active chatters. Jump in the Boom Factory and let's talk trading! The other Premium features do not require screen shots, but are just as equally important to you as a trader. The Bulls team will be filling the Premium Blog section with detailed setups, stocks to watch, market analysis, and more. You won't want to miss out on Premium blogs or Premium TV shows (coming soon). Thank you for taking the time to learn a little more about the BullsOnWallStreet Premium features. If you have any questions, visit the Bullpen or send us a note. See you on Bulls.

China's all the Rage...

@stockgod — Sat, 14 Nov 2009 5:02:40 GMT

Turn on CNBC or Bloomberg these days and you'll see China is slowly becoming all the rage. Some of us have been saying for months that China is going to be huge in the next few years (in fact, I've been waiting on this for a few years), and there's no denying it now. No longer should we wait on the American consumer to "get jobs" to buy into this market when we see what's happening in China (and even India, but this is a totally different ballgame which I'll discuss in another blog). Some China based equities are incredibly undervalued compared to their U.S. peers, and really there's no good reason for it. Of course there is a risk discount, but the discounts are far too significant to ignore -- not to mention the political environment is more stable than the political environment in the U.S.! So either the U.S. was/is way overvalued or China was/is undervalued. Whatever the case, I believe there are certain Chinese gems out there that have presented undeniable value, and that is why I like so many Chinese deals. Now that the mainstream media is all over it, I believe we'll start to see a flood of investments in China. For those of you who missed the "March Lows", then you should probably start looking to China for deals that are still considerably undervalued. ...because I believe that while the market may run sideways to slightly up, we'll start to see some Chinese companies pick up the pace due to this sudden fascination --- and if there was ever an opportunity to invest in them it's now! So I want to be clear about one thing. My portfolio is only 35% China now. I say "only", but that's a very significant chunk. Even though it's politically stable, there is still a chance that the government will give investors the middle finger if they "feel like it". I highly doubt something like that will happen, but the fact is it's *not* the U.S. or Canada and things do work differently over there. The bottom line, I love the deals we're playing in China currently, and as many of you have witnessed we're pretty much on fire over here at Bulls because of our foresight. While others have openly discounted China, they have also lost out bigtime as a result (you probably already know who they are). So there you go, happy trading, go visit Taipei sometime and fly on over toBeijing, Hong Kong, or Shanghai. It's good to get an internal view of how business works over there. I make a point of visiting at least once a year.

Market Thoughts

@copperstl — Wed, 11 Nov 2009 2:29:03 GMT

I thought I'd answer a few emails in one place tonight. 1. What do you see coming in the market and how do you trade the uncertainty? Kunal loaned me his crystal ball since Stockgod's is broken. Urban_ryno says he uses the rock/paper/scissors methodology, and I can't do that withjust me as the single participant.However, it's clear the DOW is still rising to new highs. It could easily hit 10300 in the near term. The shorts are not really stepping into play with us right now; I suppose they grew tired of losing. BUT...that's not to say the market isn't in for a consolidation or retrace from "the top".It'smoved up nicely since mid-summer; therefore, I do expect some pullback...the question is... when? I trade with that in mind to ensure I have cash ready to take advantage of the "sales." Welcome to the stock market! It's always full of uncertainty! That being said, I am loading smaller positions or scaling in to full positions as I monitor volume and other indicators, almost like sticking my toes in the water to test. 2. The small capsseem dead right now. Why? Several reasons -specifically, when I see theuncertainty with buyers, Inotice money flow to the "safe havens" of large caps....GOOG, AAPL, BIDU, RIMM, etc. It's merely a flow of money in the market that runs on cycles. Get used to it! (smile) 85% (don't quote me) of stocks aren't moving right now. As market conditions change, you will see the influx of cash from the sidelines and/or a shiftback into small and mid caps while the large caps consolidate. Learn to understand the flow. Just an FYI -noteI trade many small and mid caps listed on the RUT. I don't just blatantly go out to Tiny Town and draw stock drunks from the town saloon. 3. What happens to the market during the holidays? Generally, the day after Thanksgiving is such light volume, I take the day off. After fake cooking a turkey, I need a rest. The stores open early on Friday! The following week thru Christmas has normally provided great opportunities.As we can all attest to the fact the market, like Twitter, has a mind of its own, we'll continue to remain open-minded and alert to canvas for high-probability trades. 4. When is it time to kill a trade? Now that's a loaded question. What's wrong with killing a trade that makes you nervous? Nothing! You can always buy it back. If I don't see a trade progressing, I quickly determine how to exit either with or without profit. Often times,one quick average is all I need to scalp andget the heck outta Dodge. It doesn't bother me to take a smaller loss now, give the stock time to settle or signal, then re-enter at a better time. Trading and investing is still all about market timing. If you are counting shares instead of sheep to get to sleep, get out of the trade! Some people prefer % stops; others prefer points; still others prefertweet mania or what the psychic network says. **I have noticed, since distributingthe watchlist in the evenings, as opposed to the early morning vitamins, many of you are making wiser decisions and confirming before entry. Perhaps the extra time has benefit?? It appears, we are taking our vitamins in the evenings now. Who the heck cares? Our "one-a-day" works anytime of day. Suggestion: if you call the psychic network, ask for trader-psychic! She'll give you a discount. Leigh

So was I right about Halloween or what?

@stockgod — Mon, 09 Nov 2009 23:50:25 GMT

Regardless of my investments I always keep cash on the sidelines. They say you should keep at least 25% cash on the side ready to trade. That said I believe it's important to separate trading cash from investing cash. In other words, when the market falls you shouldn't exhaust all of your cash averaging down your long term investments. This is why in the past couple of weeks I wanted to demonstrate how I would trade using a certain amount of cash for short term gains. I used $AAPL as my stock of choice, and I traded the heck out of it, sometimes six times a day. I've been long Apple since $75, and $120, and I understand how to find a daily range in it very quickly. I also picked up new positions of TMI, EDS, AGM among others. I made over 50 grand+ in the last two weeks in realized gains. This while my position on SYNM was down roughly 90k, and NEP was way up and near break even. I never worry about my long term investments unless there is a serious change in the fundamentals. I will average down SYNM as needed, but I won't do that until I see a major move. Whatever the case, I own SYNM at under $2.60, so it's really pointless to average down unless I see the $1.60 range. I know we all don't have, what seems to be, unlimited cash. ...but that said, if I take my entire net worth I only have 20% tied up in the market, including the cash I keep ready to trade + average down. I suggest you all work on a similar formula no matter the size of your bankroll. I also recommend you be *very* careful of investing in stocks you don't understand. Don't be afraid to take losses, and don't go all in - ever - in any one stock. I was very disappointed to hear one of our community members buried himself in a shitty stock that I told him a few times to dump (in fact Kunal00 and I both were pretty clear, suggesting that, if it were us holding that garbage, we would dump it and buy PUDA instead). I knew it was a garbage play, and he was only down 20% at one point. I believe there was a point when he was slightly up too & he still held on! Earlier this year he paid off his debts - and now he's left in the hole as this stock has shuttered into bankruptcy. He's probably looking for a job, and he'll likely quit trading as a result. I can't tell you how many times I've seen people quit trading and come back another day. Every time they come back they lose more money after making a little. Why do they keep coming back? You have to ask yourself this question --- "How many times have I quit trading?" --- If the answer is more than twice then you have *not* learned your lesson. Patience only pays off if you're holding a winner. So... in conclusion... Learn your fucking lesson... and don't ever give up. Good luck trading team!

New Trader Education and Set-ups Archive

@copperstl — Sat, 07 Nov 2009 20:19:12 GMT

Charting Basics Video Part 1 and Part 2 New Trader Education Set-ups Nov 2

EndOfWeek Recap/All is fine in Lala land

@kunal00 — Sat, 07 Nov 2009 2:20:02 GMT

Last week Bob the Bear undeballed himself (if thats possible) and came back with a vengeance. He left the house for the 1st time in months wearing his finest suit, waved good bye to his wife and kid, telling them he is going to work. But this time for real since all he had been doing is hanging out at the local Barnes Nobles the last six months reading resumes for Dummies while his family thought he was at work. Inside his suit he had his favorite two weapons dusted off. A brilo pad and rusted spoon.....(dont ask me for what...just know he was out and DAngerous). Bob was out to do some damage to dent the pysche and gentitals of the bulls andall their little friends.There was a toxic smell in the air one of fear and Chinese smog (brought to us by the jet stream). Funny little men in abandoned midwestern towns stayed awake all night lurking on message boards using the twitter search on BOWS# for all their stocks. It was grim....boy was it grim..... In the end Bob the Bear got un-undeballed (if thats possible) .......and we are right back were we started. The fall the rise...the fear the happiness. It has been quite a roller coaster last couple weeks. This week s&p up +3.2% Dow up +3.2% NasDaq +3.3% Russell2k +3.12% Pretty even strenght across the board. Basic materials, silver, internation all ran hard this week. No real economic reports coming out so we should be able to just trade the tape instead of cowpies thrown at our grills all day. The market shook off the bad news today which is very healthy...but then when it also shook off the good news last week on GDP and tanked so what the heck do I know. Rest up this weekend. I will get a good list together on Sunday for the week. shalom Master of Booooom @kunal00

We Gots Our Moneys Back/Thursday Recap

@kunal00 — Fri, 06 Nov 2009 1:26:01 GMT

Well we are right back at the exact same spot we were last week. The S&P has regained its 50dma with some thunder today. The buy the dip trade is still intact. A little more sloppy this time with a lot more panic but we are right back where we started pretty much. It seems the moustached men in NY aka the federalies led by their fearless leader helicopter ben. I personally was hoping for a litte more mayhem some real panic, destruction. That typically is when the biggest gains are made. But Im glad we made a comeback, a lot of accounts in twtterdom needed some serious repairing. Most people have probably made their money back and hopefull some extra. I think last weeks dip in hindsight will be a good lesson for most on risk, overconfidence, greed. A lot of people were caught with their pants down and incurred huge losses due to an abundance of risk and overeliance on penny stocks radiating through portfolios.I could feel the panic just from watching the feed on BOWS and the latenight emails I got.When people are daytrading their retirement accountsyou are asking for a very large drawdown.We are gonna look back at that dip last week as a positive. When accounts are down 20% while the market is down 5% that means things got out whack. The good thing about todays tape was the rally in the Russell2k. Smallcaps had led the breakdown and have incurred some serious technical damage that will take time to heal itself. All last week we had heard the risk aversion trade was back on the table and the boners on CNBC started using their fancy terms "flight from risk" "risk appetite is weaning". As you can see the Russell2k still has a ways to go to repair itself. But we are on the way. My only worry was the level of the snapback in the indices was accentuated due to extreme oversold conditions. Now that those conditions have worn off what will be the next catalyst. Obviously the next potential catalyst is the jobs data. I have no urge to try to game this which is why I sat pretty tight today. As a technical guy I view a lot of the snapback this week due to an oversold rally. Now we need a forward catalyst. Tomorrow could provide that or it could be another overhyped jobs report. adios

I need better sell rules...

@stockgod — Thu, 29 Oct 2009 17:34:43 GMT

...yesterday Goldman Sachs lowered their GDP #. Was it a corrupt move or did they get duped? I want to start this blog by talking about the differences between @kunal00, @copperstl, @urban_ryno and myself. You know that we're all quite active on Twitter. We all have different time frames and styles, and generally if you find a combination of us that works for you then you should stick with our rules and understand our strengths and weaknesses. I'm going to take it upon myself to give you my strengths and weaknesses, then I would ask @kunal00, @urban_ryno, and @copperstl to do the same. @stockgod Strengths and Weaknesses as they pertain to trading and investing (I say this because I fully expect @kunal00 to start off on how good looking he is otherwise...): strengths: more right than wrong - very good at digging through numbers and spotting the flaws of a company - very good at finding the next big thing - no fear at all - can stomach all dips. weaknesses:no sell rules, would be much richer if I would stop being so greedy, would love to be a better swing trader, sometimes I fly off the handle and I have a potty mouth. trading style: long term fundamental trader - my positions are typically huge in certain companies - my time frames are much longer than most people on Twitter. In the last few days you completely witnessed my greatest weakness. My greed tends to get the best of me sometimes. I could have sold NEP for a massive profit and bought it all back for lower than my average, but I really didn't expect quite the pullback we received. What's my point? No one likes 100% retracements, especially me. I could have near doubled down on my position had I sold higher and re-bought it all yesterday on the fear of others. When Goldman downgraded their view on the GDP numbers and started buying PUTS I knew there was something wrong. Yesterday I tweeted that the GDP numbers would likely be a blowout and we were being setup. So either Goldman was tipped off by someone who hates them and thus got screwed, or they lowered expectations, bought a ton of stocks on the dip, and prepared for a killer month end. So that said I went on a buying spree yesterday, sold a few positions in the green reluctantly - but picked up more of my long term plays on the cheap. No matter how the market swings, when you buy fundamentally good companies you are in a much stronger position long term. If you're buying gamble/scalp plays be ready to lose that money. Today I lost 10k on GETA - but I bought a whack at .13 and sold at .24 and made $14,000. So the net gain was $4000, but it was a huge risk to play the bounce. Anyways, it has happened to me twice this year so far - where I get stuck holding a stock that ran up and it drops back down. Eventually it runs back up again. Take for example PCX. I started buying this at $3, $6, $9, and sold only some in the 10's. It crashed back to $5 before a violent bounce. You could imagine my disappointment when it dropped, but eventually I sold all of it at $14. I usually learn from my mistakes, but it takes a couple of times before I get the lesson. Even though I made a shit ton on PCX I could have doubled my earnings by simply having better sell rules. I am going to create some better sell rules for myself as long as the market remains questionable. I'm going to meet with the Bulls On Wall Street team and discuss this. I always joke with @kunal00 that he's a premature seller and I could buy everything he sells and still get rich (which is, funny enough, true) - however he makes fun of me because of my time frames. If somehow we could combine our styles on our sell rules we would have something pretty awesome. Good luck guys, if you held on white knuckled yesterday good job. I wasn't really worried, but I'm never satisfied either.

MidDay Update/KunalBuys

@kunal00 — Wed, 28 Oct 2009 17:20:16 GMT

Today is a bloodbath...bulls are getting deballed right and left. But this is why we take profits and raise cash when the market gets frothy and overbought. In hindsight this dip was obvious the level of carnage has totally caught me off guard and surprised me. In @copperstl 's weekly email report she mentioned the dollar was so oversold it should reverse and it would take down the markets...which is exactly what is happening. Commodities, smallcaps, low float plays, china plays all getting ransacked.But this is why we take profits and always keep cash on hand to buy step into the madness when everybody else is panicking. But I haveaplan for this year which is long the market, china, small caps, low float plays with 50%+ earnings growth AND IM STICKING TO IT.... Do I like having my balls stuck in a vice. NO. DO I likelosing all this damn money I havethe last week (down 6-7%) NO!But I will stick with it till it stops working. Or I will fail, grow a moustache, move to France and live in shame like their men do. I know when i start getting pannicky emails asking if they should dump all their stocks its time to buy. The good traders always buy when the idiots are thinking about selling. Many people had chances to take 20-30% profits on a lot of their positions last week and got greedy...now they are down and asking to sell. Now that is not a proper way to conduct business. As a trader I analyze risk to reward everyday. When the market was overbought the reward basically was even with risk. A gamble. Now we have pulled back to support and put on an oversold situation which increases our reward lowers are risk. Ive been waiting sometime to use up some cash. By end of today I will go from 55-60% invested to 75%... I expect a bounce from here. the odds of breaking through support when market is soo oversold are less than 50%. Ill take that and buy some good cheap stocks here. USE stops though..if spy breaks below support with some volume...all hell could break loose Today I bought a whole host of stocks. $acls 1.01 $puda 6.05 $ncs 1.75 $yrcw 3.68 $txic 8.9s I am looking to add $bee on a snapback play For longerterm swingers $trit is looking good if you can handle a little volatility. It was just 20 bucks

Play it cool!

@stockgod — Wed, 28 Oct 2009 0:17:48 GMT

Without a doubt the last few days have been rough. It's October, it's month end, and we're witnessing a wicked sell-off. I'm not one bit worried about buying fundamentally cheap companies with great stories on the dip. I see many people getting stopped out of their positions, while I continue to dollar cost average down on my red positions and stay ahead of my green positions. What drives me crazy is when people ask us "should I dump NEP at $4.80?", and a week ago they asked "is it too late to buy NEP at $5.70?" --- Seriously guys, this is just not how you invest. That tells me that there are still people out there in our community that invest with their emotions first. Until we all have collective ice flowing through our veins we can not all be successful. I will continue to be, and you can always live vicariously through one of us - but that defeats the purpose of this site right? Take it from someone who knows, there is no greater enemy to an investor than fear. If you paid attention to some of the news today you were probably freaking out by the end of the session. Try walking away from your PC for a bit. Play some video games.. Go on a bike ride, or a run. Do whatever it takes to keep yourself from getting consumed by the everyday bullshit that happens on such days. As long as you're buying fundamentally great companies things usually work out in the end. Although it's harder to make money in this market than it was in March - it rarely fails to go back to the fundamentals. I am still hoping November will be a good month, I knew October would have a sell-off or two, as it usually does. November and December are usually pretty good months. The big deal for me will be the October GDP numbers on Thursday. Until I see those I'm just going to chill. On a negative note I sold my ARM for $200+ profit (yay big woop) and still holding a long term position which is under water. However, on a positive note, I sold half my CNOA position (long term account) for roughly .85 ish a share profit. A significant 6 figure realized gain turned it into a sweet day considering how much red we're experiencing. ...but you'll notice over time that there will be green days and red days, just make sure you take your profits on the green stocks when the time is right.

MidDay update 10/26/2009

@kunal00 — Mon, 26 Oct 2009 17:50:14 GMT

well the selling is fast and furious here. Investors are moving their money from smallcaps to the "safe havens" aka $goog and other crap like that. There is no way to spin the action on a technical level. Its ugly and the vol pattern spells trouble. I think the only positive thing is that dollar rising today is causing much of the selloff its not some terrible earnings report or economic news. @copperstl had pointed this out me yesterday that the dollar was shorterm bottoming and oversold, it was due for a snapback pulling the market down with it. Even with 2 very succesfull trades in $lbix and $yrcw I am still having a drawdown.....thats how nasty the tapeis. Id rather have Roseanne sit on my face then get nailed like this but Im willing to sacrifice that shorterm pain for a chance to smack mother market right back in the baby maker. The spy 105-106 area should provide good support and we should a shorterm oversold condition to bounce off. In the meantime im selling my dogs and raising some cash. Im at about 25% Id like to get to 30% while nibbling on some select chinese names.The $spy has broken down through its breakout spot which means its time to get defensive. Get nimble people $rut already resting on its moving avg Tread carefully if you dip here make sure to watch the indexes for a break..... I will be nibbling on some stocks here $yrcw in 3.5s-3.6s $tmi $eds (10s) $best low 1.5s The key is not to go all in.............SCALE IN 1/3S OR 1/4S nibble and watchout smallcaps getting their faces blown off

Ready for Monday, Cash in Hand.

@urbanryno — Mon, 26 Oct 2009 0:43:54 GMT

After Friday's sell-off with fairly significant volume, I can't help but be a little pessimistic heading into Monday's trading session. A quick look at the DOW on the daily doesn't do much to comfort me as the sideways consolidation we're experiencing has resulted in strong pullbacks at least 5 out of the last 6 times this pattern has setup since May. Check out the chart below - there are only a few technical indicators, but they are quite telling. Everyone knows we've been channel trading up for some time now.. that's the easy first view. However, a quick look at Full STO, MACD, and RSI14 show a few patterns that are too obvious to ignore. First, Full Sto - The black transparent boxes represent when Full Sto was maxed out over 80. Notice the price action in all of these areas, excluding the nice bull run in late June. All of the action was sideways - including the pattern we're currently experiencing. Every single one of these consolidation periods with Full Sto maxed out and price near the top of the channel resulted in significant sell-offs. Long term, who cares.. we're in the channel. But, short term traders like me need to take notice. Want support of the Full Sto prediction above? Take a look at MACD. The bearish cross (simplified explanation as black line crossing under blue line) marked the beginning of the fall as indicated with the transparent red boxes highlighting the cross and price action. Notice that MACD remained strong in June when Full Sto was indicating over bought.. It wasn't until the crossover in mid August that the price move down finally happened. Outside of that example, all other patterns fall in line over the last 6 months.Check out the MACD on Friday... ohh, so close to crossing south. Last note - RSI14 - 70 has marked the top over the last three price attempts to move north out of the channel. A pullback to at least 50 is more likely than a move over 70 in the short term. Summary - chart is short-term bearish and long-term bullish as long as the channel holds. What now? As a primarily short term trader, this means that I'll likely increase my cash position (heavily in cash already) and wait to see what happens in this consolidation pattern. The market wants to pullback and if it does, I'll look for the bargains and load up again. If it breaks out thanks to GDP numbers or some other stimulus , then I'll load up on more breakout positions. Either way, it is important to prepare. In every market, there are scalp opportunities, so that's likely where I'll spend time on Monday. However, I may cautiously select a few swing plays - only the best setups with volume momentum will do. Be careful this week and don't fight the market - join it. Earnings and major economic data reports can fling this market all over the place... be ready. As for me, I'm holding $SYNM and cash into Monday. Here are a few charts setup long worth watching.. any one of these could breakout for a scalp or possible momo swing trade.. CACB - I'm watching this one for possible scalp if some volume blocks come in to play - target 1.08 COBZ - Big day on Friday - nice relative volume. Interested in seeing how it handles MA200 resistance. DNE - Risky penny. Setting a volume alert and watching for a run through .15. I'm not interested under. HYTM - Desperately trying to hold MA50. If we get a bullish turn out of MACD, I might consider a swing long here. ZHNE - Another potential long swing at MA50. Concerned about MACD and Full Sto. Staying cautious here, but I think we see upside in ZHNE soon. WAVE - If it holds .70 support and MACD shows some bottoming out, I like this one long. Careful, however, for a drop to MA100. I'll need to see volume confirmation that .70 really is support before I go long. CPF - Might be ready to bounce off horizontal support. YONG - Tends to hold MA20. Watching here for long swing. SEM - Watching for possible scalp. GOVX - Risky penny, but coiling up triangle. PMCS - I think this one was oversold on Friday and may look to swing long. WNR - Playable long above 7

Confirm Direction before Entering Your Trade

@copperstl — Sat, 24 Oct 2009 19:13:02 GMT

Hi Everyone! The weekly teaching set-ups were distributed Saturday afternoon. I included a weekly watchlist as well. This is valid for the week so if you're reading this past Oct. 24, you are still welcome to join us. leigh@bullson.ws Don't forget our avatar Halloween costume party! Get your costume on and tweet me! I will be consulting this upcoming week and willpop by during breaksorthe live trading rooms sessions I'm teachingnext week. Outlined in the watchlist arefew of my basic criteria points to ensureproper timing of my trade entry. I urge you build your checklist before you pull the trigger. Ifbuilding a long-term trade and knowthe target, then obviously get the best price you can. However, for swings, scalps, day trades, it is importantto build buy signals, for without them, the trade can go south in a hurry. We are studying market timing - primarily building our candle and chart reading skills. You can't shortcut your education; don't even try it. BOWS will be offering more educational components coming soon. We'll build our mock trading plans for starter accounts, study in-depth charting, and ramp up our options study. FOREX is also on the radar. Stay focused and we'll trade together next week. For the set-ups and watchlist: email leigh@bullson.ws

GamePlan Friday 10/23/2009

@kunal00 — Fri, 23 Oct 2009 13:07:29 GMT

Well all the scared little children were proved wrong again. The put your balls on the block buy the dip trade still is working. Its crazy how we have 1 or 2 small small down days and everybody gets freaked out... You hear crazy shit like "i see topping formation" "wow look at those divergences" Remember when you hear that type of stuff to just throw your shoe at person. I know of 10 people on twitter who even know of that speak AND I AM ONE OF THEM!!!. Now granted I was a little worried not about the market but about my nasty foray into $liwa . This was a big big mistake on my part. Instead of waiting for a setup to emerge I used my jedi powers and just picked a spot. Well the spot was the fucking top........then like a crack addled viagra popping Fed Official I started throwing all sorts of cash at it trying to repair my strategy. NEXT time something like this happens and you guys see me do this remind me pleeeeeeeeeeaase that Im a trader not some sissy value investor who builds positions and sit on them. for god sakes I AM THE GODFATHER of BAAAAAAAAAALIN. Master of Booooooooooooooooooooooooom. I sit on a gold plated throne in the clouds called the Boooom Factory. I cant be doing stuff like that. Lesson learned!!! The market had an incredible bullish reversal yesterday and we have worked off the extreme overbought condition. The dollar is laying a blumpkin on all its holders, OiL is on a straight up heat check, and the market looks to go higher. Look at the chart of the $spy we are right near highs and we are no longer overbought. I will selectively put money on the table with some good setups. kee an eye on $uso if we see another run there are still many smallcap oil and gas stocks on its bottom but ready to breakout good eye from @nalsus who brought this to me.. $cmz looks like it could make a move anyday Keep an eye of $royl I like this one at 2.80 ish. They just announced a private placement for sale of common stock at 3.23 and warrants in the 3.50s. This was just a few days ago. Around 2.80 you are buying at a pretty significant discount. It looks like it could march right back up. $tgc looks ready too. Careful with this one since its pretty volatile. I would look at the other ones if your not in front of the computer all day Also a lot of Chinese stocks are having some crazy action. Get this list ready and stalk these stocks for entry. Action on $tmi is nuts and its dirt cheap on a valuation basis. But not at this price. its gone parabolic when it drops back in the 9s add some. (beware not to trade this if you have ameriturd) $txic Love this one also 2 ways to play this one depend on your type of style. Either a pullback close to support to limit risk (that will also give an oversold situation which increases the probality of succesfull trade) Or you can scalp this on breakout since there is some gas left and its worked off its overbought condition

What the Heck Happened to My Trade Today?

@copperstl — Wed, 21 Oct 2009 23:24:44 GMT

Don't panic Traders.....days like this are part of being involved in the stock market. The bears are screaming; the bulls are screaming - and nobody can hear either one! Personally, I am in the hallway - watching which partyroom to enter. Bulls Party Here!BearsParty Here!Losers Party Here! (OK - I made that room up!)Most new traders join the party room that shouts the loudest. Please be cautious if you trade that way....it's dangerous. Crude seems to be all the rage but the US dollar continues to tank (which isn't bad for the stock market). One traders says buy; another says sell! Oh dear me, I can't determine which way to go. With Halloween around the corner, don't get spooked. Strong sellers will rattle weak buyers. The tug-of -war is endless. You knew when you started trading you'd have to learn lessonsvia on-the-job training. Today was one of those days. My suggestion: learn enough strategies to come out a winner. Many know one way to trade...buy, hold, and hope. That's old school - and out the door. As we'vediscussed before: make your plan, build your trade --then trade it. Be ready to modify, adjust and repair. Most of all, stay plugged into the BOWS community for the latest in information, discussion, trading strategies, and friendships. One thing you can do --get out of the hallway and come into the BOWS Party Room! Take a deep breath. We're all still here and will be at our trading desks tomorrow!

Update on NEP Trading Account Position #3!

@stockgod — Thu, 15 Oct 2009 20:33:59 GMT

Okay so a week or so ago I posted a blog on my NEP & SYNM positions, and why I wasn't worried about being down a mere 20 grand. I did that to prove to the well wishers out there that even in the reddest of days there is light at the end of the tunnel. I don't buy stocks because they look pretty, I buy companies that I believe are totally undervalued for good reason, and I hold them until others catch on. Then I move on to the next one. Right now I'm playing a number of stocks - as many of you know. So many undervalued and potentially awesome companies out there. I basically buy juniors about to be giants. On NEP I am holding 2X my trading account position in my long term accounts. Obviously today was a great day, I'm now up over $130,000 in one day on NEP. It's all funny money of course, until I sell... so for now I can sit on a big paper win ... I have confidence in the company, so much so that I have not sold a single share. My personal buy limit was $5.72, but my overall average is just under $4.60. Remember, patience pays off on fundamentally cheap companies. I believe the best vindication are good numbers. To all the well wishers out there, I promise you Bulls On WallStreet will only get better with your help. Keep coming back, and tell your friends. I'll continue to update you on these positions as time goes on. I hope that by sharing with you my actual positions on some of these plays you'll understand the value of patience as it relates to trading fundamentally cheap companies. ..and to all the haters out there (the few that are left).... I think I won this round. Last thing, there is nothing wrong with taking profits and day trading, don't think otherwise. However there are better suited stocks for such plays, and then there are those better suited for "buy and hold". You'll learn the difference over time. Disclaimer: Just like PUDA, I am laying out my disclaimer. I own a shit ton of NEP, more than you can imagine. I am so deep in this stock that it makes me sick to think about the potential loss and/or gains down the road. If I were to bid dump this stock it'd end up on the floor, although after today it probably wouldn't because the volume was so awesome. Soooo awesome. That said, do your own duediligence, don't trust me - trust yourself. Good luck!

Update on NEP Trading Account Position

@stockgod — Wed, 14 Oct 2009 22:42:22 GMT

So about a week ago I posted an article called Do Not Open Until Christmas. In there I posted a picture of my NEP position in my daily trading account, which is about 1/3rd my long term account position. The image is shown here: As you can see I was down roughly $20,000, but I wasn't worried. In fact, I added a few thousand shares since then in the same account, and this is the updated view. Notice now, I'm back up to near break even --- and I believe I have significant upside from here. I just read the news from LPIH, another China Oil play (and yet another @bullsonwallst pick from .90ish) and they look great. I think NEPs numbers have potential to really surprise based on my own personal due diligence. I'm showing these images to convince people that you'll *never* win trading on fear. If I was freaked out I would dumped all my shares a week ago for a 20k loss. I trade with my balls, not my emotions. Disclaimer: Just like PUDA, I am laying out my disclaimer. I own a shit ton of NEP, more than you can imagine. I am so deep in this stock that it makes me sick to think about the potential loss and/or gains down the road. If I were to bid dump this stock it'd end up on the floor, and you'd all have margin calls up the ass. That said, do your own duediligence, don't trust me - trust yourself. Good luck!

Watch List for Oct 14 (Wed) Small or Mid Caps

@copperstl — Wed, 14 Oct 2009 4:47:13 GMT

Experienced traders please bypass commentary for potentials. Orange highlights indicate tonight's comments from Oct. 13 watchlist Sorry, not enough time tonight to pretty this up! Confirm in the morning - check news! Adding ACAD (plenty of room for upside with breakout) 3.00ish RTK 2.00 -2.50ish ABK2.00ish DSCO may try to make another move this week 1.70ish Tuesday Oct 13: Buys onlyif my criteria is met (upward individual stockmoves confirmed tomorrow) CNOA (@stockgod call that showed up in my space tonight) I'm already in...so.....I will add this to my starter accounts close: .80 target: 1.50 (intermediate-term swing) DCGN close: .45 targets: .61 .77 .91 (has not confirmed with volume) DNN close: 1.98targets: 2.31 to 2.49 2.75 plus with a break-out FTWR close: 1.41 I may not even enter unless this stock breaks 1.51 target: 2.00 plus with break-out Don't forget rebound plays: AVNR target back to 3.99ish (hold or wait) RPRX target back to 2.50ish to 4.79ish w/ breakout (still may pull back before reversal) Many new traders have questioned how to trade off the watchlist. Here's my process: 1. DD (due diligence) re: the watchlist potentials (news, fundamentals, volume, preferred technical indicators) 2. I ensure the pricefor the next day is going my intended direction. (in this case up) 3. As a part-time trader:I may set my buy order for .10 or .14 cents higher (as applicable)than the close price to ensure upward move. I could use the HOD (high of day) as well. (ensure there is enough target potential for this strategy or no trade) 4. If I can watch screens at pointsduring the day, I can determine if pre-market action is upward. (don't let pre-action foolthough - it's very volatile) 5. If the market gaps down, I may not be filled; which is fine. I want control of the trade and my criteria met. 6. If the market gaps up; likewise,I can miss the trade - which is fine. Again, I want control and my criteria met. 7. As soon as I am filled, I set my sell limit order. (no exceptions) I may leave money on the table if the price goes up past my order, but at least I lock in profits. 8. Adjust my sell limit order after market close for anybuy fills I had during the day. In some cases, I may exit a trade the same day.However, most of these are swing set-ups which can take a few days to a few weeks. I am trying to time these precisely to get the "few days" rather than few weeks, but at times, I must let my thesis play out. Perhaps, practice this virtually or on paper before you go live. IMO- if you don't have a virtual account to practice strategies, you really aren't serious about this.Trading takes practice, skill, and experience. One can't short-cut the education. Trust me, luck will last only so long. I hope this helps. Leigh

Premature Stockjaculation Sucks...

@stockgod — Tue, 13 Oct 2009 20:52:07 GMT

I preach patience everyday. I've been trying to master the art of patience for years, and sometimes I just forget to follow my own rules. Take for example OPTT. Kunal told me about the stock when the technicals showed a base, and I immediately started accumulating after a bit of research.. I was accumulating OPTT in the low to mid 4's. I sold all my trading shares in a mad rush in the mid 4's a few weeks ago. Although I did hold a long term position. I *knew* this stock was undervalued, the company had big potential and it was sitting at the bottom. I could have made three times as much on the stock had I not sold those stupid shares, not to mention I sold all my long term position in the 6's. My own rules for "long term" were completely destroyed by my own excitement. I felt a little sick when I saw the stock beating the shit out of the bears in the 8's. Either way I made roughly $26,000 on this play. Anyways, I go back to my original rule of investing in undervalued plays. Patience patience patience. I personally believe that NEP and SYNM will have their day, and those days will bespectacular. That doesn't mean I'm going to dump NEP at $6, or SYNM at $4. No chance.. not this time, I'm holding out for the big score. Of course I am still holding a number of other longs which I also expect huge pay days from. BEST is probably one of my favorites for the moment. If you thought we played RINO and TRIT well, you best look at BEST. Water is important in China, but so is food safety - and it's becoming such a major issue that the Chinese Government is getting involved and granting money. BEST will likely sign a deal with a major company like Tyson Foods one day.. At least I hope so. ...back to the topic at hand, there's nothing wrong with taking profits... until you realize what a loser you are for selling way less than you could have. That's about how I feel right now, but don't feel sorry for me... I realize what I have and what I don't, and I thank God everyday for both. :-)

China got Wood!even better STeel

@kunal00 — Tue, 13 Oct 2009 17:22:27 GMT

As our favorite commies to the east have decided to cut taxes for Chinese Steel companies. this should lead to all sorts of funny business by the local steel companies. Expect some of the little guys to get bought out..some consolidation..and some big gains by the end of the year. Kunal buys $gsi 3.82 $sutr 3.20 both of these sitting on the bottom and dirt cheap $sutr (copied from yahoo finance) Sutor Technology Group Limited engages in the manufacture and sale of steel products primarily in the People?s Republic of China. It offers hot-dip galvanized steel, prepainted galvanized steel, acid pickled steel, and cold-rolled steel products. The company sells its products to customers who operate primarily in the solar energy, appliances, automobile, construction, infrastructure, medical equipment, and water resource industries. It also exports its products to Europe, the Middle East, South America, the United States, southeast Asia, and Hong Kong. The company is based in Changshu, the People?s Republic of China Market Cap (intraday)5: 123.20M Enterprise Value (13-Oct-09)3: 229.41M Trailing P/E (ttm, intraday): 6.61 Forward P/E (fye 30-Jun-11) 1: 6.01 PEG Ratio (5 yr expected): 0.95 Price/Sales (ttm): 0.36 Price/Book (mrq): 0.81 Enterprise Value/Revenue (ttm)3: 0.67 Enterprise Value/EBITDA (ttm)3: 7.291 Income Statement Revenue (ttm): 341.49M Revenue Per Share (ttm): 8.997 Qtrly Revenue Growth (yoy): -12.40% Gross Profit (ttm): 32.81M EBITDA (ttm): 31.47M Net Income Avl to Common (ttm): 18.63M Diluted EPS (ttm): 0.491 $gsi General Steel Holdings Inc., through its subsidiaries, operates a portfolio of steel companies serving various industries primarily in the People?s Republic of China. The company manufactures hot-rolled carbon and silicon steel sheets for use in the production of tractors, agricultural vehicles, shipping containers, and in other specialty markets; spiral-weld steel pipes, which primarily serves customers in the oil, gas, and petrochemical markets; and integrated steel, pig iron, crude steel, reinforced bars, and high-speed wire for the construction industry and infrastructure. It sells its products primarily to distributors. The company was founded in 1988 and is based in Beijing, the People?s Republic of China. Market Cap (intraday)5: 171.41M Enterprise Value (13-Oct-09)3: 589.10M Trailing P/E (ttm, intraday): N/A Forward P/E (fye 31-Dec-10) 1: 6.72 PEG Ratio (5 yr expected): 13.57 Price/Sales (ttm): 0.12 Price/Book (mrq): 2.39 Enterprise Value/Revenue (ttm)3: 0.42 Income Statement Revenue (ttm): 1.40B Revenue Per Share (ttm): 38.06 Qtrly Revenue Growth (yoy): 5.70% Gross Profit (ttm): 7.93M EBITDA (ttm): -5.56M Net Income Avl to Common (ttm): -13.70M Diluted EPS (ttm): -0.37 these companies are ghetto cheap but got no cash...but fuck its china who needs cash when you got Mao Zedongs disciples throwing around funny money!!!!! Both these plays are in my longterm account. 6 months down the road both are doubles.

Chillaxin/Kunal00 raises cash

@kunal00 — Fri, 09 Oct 2009 18:19:30 GMT

Everything has played out just the way I expected. I told you all you to raise cash weeks ago then deploy it when we hit the 50dma on the pullback.Now have had a low volume bounce back to resistance forming what potentially could be a "double top' for you pattern pikers. I see this as a good time to raise some cash if your a swingtrader: Look at the chart of $spy Its getting to an extreme overbought level while we approach resistance. Also look at the volume on the updays since the pullback to 50dma. Its lower than the downdays on the way to the 50dma. Trading Lesson for different styles of traders 1. Breakout traders buy above resistance: $spy 108 or short a break of support. 2. Swingtraders short at resistance (108) and buy at support(which was the 50dma) Thats one of the tough parts of deciphering whats on twitter. Styles, entries, and exits. Why does one person buy low on the bottom and others buy so high but they both make money. On stocks above 5 dollars I almost always swingtrade which means im looking for stocks sitting on a strong support that are starting to get oversold. ________________________________________________ Summary: I see no big edge at this level or chance of big breakout over 108 since we are overbought. Raise cash...chill out....dont be "that guy" you know him...the kind of guy who blows wet farts at a funeral thinking its funny (it totally is). I am going back to 50% cash till we see a pullback. Today I have added $spy short at 107 area with stop above resistance Short $x 43.74

It's Thanksgiving in Canada!

@stockgod — Thu, 08 Oct 2009 20:27:57 GMT

BTW, in no way am I calling the above people "stupid" by including this picture, I just thought it was funny, and appropriate seeing as it's Thanksgiving in Canada. So now that that's over with, let's start the weekend reading blog. I don't know about you, but I had a pretty good day. I started thinking I'd try to day trade Vonage VG, but I didn't anticipate all the profit taking. I started with a position in the 1.85 ish range, and the thing kept coming down. I caught it at $1.71 and loaded up, I then sold my position at the $1.79 range losing about $185. no big deal, looks like a good swing perhaps for another day. I took some LIWA trading shares off the table, and re-bought in the 9's again, re-sold in the 10's. Then it started to crash down to about $9.50.. While it was there an alert came to me about a possible "9M dilition". I thought it was plausible, but certainly not credible. I then searched the internet, found a forum where people started bashing the stock and piling on the shorts and/or sales and fear. I put a quick warning on Twitter (check the timeline, it's unreal how fast this all occurred) ---- I said that short term traders be aware, there may be a dilution, still looking into it. In the meantime the stock fell to about $9.40... I was reading through this document, thanks to @MicrocapTraderfor responding so quickly and sending me this document. If you read carefully you'll see there is no dillution, no secondary, nothing crazy. In fact it was a private sale of an existing 200,000 shares to "institutional shareholders" - and all they wanted to do was unlock those 200k shares. Big freaking deal. So I started buying the stock. By the time it was over I added another 15,000 shares into my short term account between $9.40-$9.55 and the stock is now at $10. This is what we in the trading world call an interim day short squeeze. It usually only happens when stupid people with money read a headline, don't understand English, and promptly short and/or sell and bash a good stock at the same time. This happens once every so often. So there you have it - I made money on MNKD and LIWA today, and I also added to some positions. I really appreciate the power of Bulls on Wall Street and how our community came together *very* quickly to help solve this problem. I asked for help, someone responded quickly, I read the doc, made the call, and we all made money. Great job, love this stuff, hope you had a good day too. ...and this year I'd like to thank God for making stupid people with money, so I could capitalize with my LIWA trade.

Build A Trading Plan! New Trader Discussion

@copperstl — Thu, 08 Oct 2009 2:06:01 GMT

I need some feedback please. I wonder if it will help new traders:could we build a "mock trading plan" if you are gearing your trading career to generate income? It appears the set-ups and watchlists are helpful (thank you for your kind words). However, it seems also apparent, thatmany new or aspiring day/swing traders don't actually know where to start. I have numerous emails articulating your desire to create income. Yet, when we break it down, you have a hit here, a miss there, hope to end up positive at the end of the month, but still have no real direction. The same questions convey the same tone: which set-ups or strategies do I choose? how do I choose them? what the heck do I do with them and when? when should I cut my loss? will it come back from the dead? how much should I buy? One needs to evaluate several factors: a. how much capital do I have? b. am I seeking growth or income? c. how much time can I devote to trading education? d. who do I follow? I thought perhaps we could build a trading plan based around 10k or 5k.(I believe we could createa guide that could be translated for any size wallet.) Suppose we build a strategy that you could utilize (perhaps in textbook or checklist fashion)over and over? Perfect that strategy, build your market timing skills, minimize losses, and gain confidence. I believe many of you need assistance in choosing criteria that will meet your objectives, and most of all, preserve your pocketbook. While there are no guarantees, we may be able to point some of you in the right direction, Am I on the right track Trading Family? Thank you for allowing me a place in your busy lives, Leigh

Watch List for Oct 7 Small or Mid Caps

@copperstl — Wed, 07 Oct 2009 2:00:22 GMT

I can't send these everyday, but will try to update as time permits in hopes that any pre-action can assist us capture more profitable vitamin plays (my "one-a-day")Please check the news!!!ANAD - will start to accumulate pos based on pre earnings chatter (end of month 27th)JASO - will confirm tomorrow and open starter position if presentsPossible movers:UCBH FNMVGZVTROStill on the radar: ZHNEAVIIAdvanced Strategies:Both of the following must get shares > 1.00 per Nasdaq- if I see buyers, vol, andprice action upward, I'm on that trainNENGMBRX (same strategy pulled CTIC play from .05 to 1.31ish)

Watchlist for Oct 6 Small, Mid and Large Cap

@copperstl — Tue, 06 Oct 2009 0:28:25 GMT

I crunch my numbers in the evenings after the market data has been populated. See if there are any potentials for you; perhaps, this will confirm positions you are already holding or contemplating.These are swing trades which can take a few days to a few weeks to materialize. Watch the news!My criteria: volume over 1 mil market flat or slightly higher open minimumSmall CapsConfirmed buys for me (already in these positions and will add if conditions present):MPGMESA (I do not have pos - I just don't care for this stock! yuck)RTK (hold core trading shares - swing trade the moves)DPTR (not a hold - trade the move only -risk is medium)Confirming tomorrow during the session:(I need to see price above today's close or price above the open price tomorrow if the market gaps down or is flat)RAD (have position) long-term core plus trading sharesFNM (have position)long-term core plus trading sharesTMRCRBC (have position)EPEX (risk -high - will trade only if it moves for daytrade) UCBH (have position) Mid to Large Cap confirms: (check the news!!) LVS (have options position) PRU ACI

Don't Fall in Love.

@urbanryno — Sun, 04 Oct 2009 16:24:23 GMT

Did you feel that? If you held on to your speculative stocks last week, then you likely got kicked squarely in the frank and beans and find yourself wondering what to do with these positions. Sure, some bucked the trend, but most gave back a lot of their recent exuberance. The market doesn't take prisoners and it definitely doesn't play patty cake with anyone like me - the speculative day/swing trader. Speculative Stock A general term describinga stock with high risk relative to anypotential positive returns. Speculative stocks are often purchased by those who believe the stock will appreciate in value withoutperforming a detailed analysis. In the wonderful world of speculating, it really upsets me to witness traders get their ass handed to them on days like Thursday and Friday because they held a spec stock all the way down through a 10% drop, or more. Why would you do that? It's a spec play, right? It would take a 20% move to the upside just to get your money back. You didn't fall in love, did you? There are,however, good arguments for holding speculative stocks. For example, if you've done your research on a company and believe it has boomin upside potential, then you're likely to accumulate more at a discount. This is more of a long-term approach and requires that you do some digging to truly understand the company so you're not tossing more good money at a bad investment. BUT, this is not speculative trading - You are now investing and should be treated differently. SG discusses his opinions on SYNM, for example, after doing extensive research. I rarely know all the details of a individual company and am a short-term trader. So, I only hold a spec stock as long as it is still technically supportive of the original setup... hell, the company might be going bankrupt for all I know. As a swing/day trader, there isn't such a thing as 'hoping' a spec stock will recover - formula for disaster and an ugly divorce. Few thoughts on long scalp/swing trading in bear markets (again, all speculative trades): I don't know enough about the company to hold them as their price drops, just to blindly hope it will bounce back.The more bearish the day, the less time I intend to hold long trades. If I position myself long in a spec, I'm looking for an intraday move so I can scalp that bad boy. If it doesn't move, I will likely not go to bed with it and I'll try something new tomorrow - highly speculative stocks can have an entirely new face in the morning (reminds me of college).I spend more time looking for support levels in stocks (daily and weekly charts) and less time on breakout setups. For the few stocks I'm willing to swing long in bear markets, I make sure that I'm entering on strong support and reduce the exposure to stocks with high volatility.Tighten up the stops.Increase cash.Scalp more, swing less. Rules applied to how I played Friday: Bought CNO on the way up at $4.72 after it held horizontal support near 4.50.. Sold at MA20 (resistance, previous support). Scalp. 7.5% profit. Had it moved down from my entry, I would have sold near 4.50Bought GKK after it held horizontal support on the volume move up past Thursday's close. Overall chart remained generally bearish, so I quickly scalped a nice profit of 8%. Ultimately, GKK finished down. Again, spec plays on down days reduces my hold time - quick profits.Mid-day I bought RFMD for my longer-term trading account. This was a horizontal support buy on a chart that has been trending steadily up for months. Tight stop under 4.50, but swinging up from here is the goal. That's it - that's the extent of my trades from Friday. I do have some other positions exposed into Monday, but I'm heavily in cash and comfortable with RFMD. Good luck next week and don't forget... don't fall in love unless you really know her. Otherwise, keep the tight stops on those spec trades and don't go to bed with her unless you're comfortable waking up next to her (she might look like a bear in the morning).

Don't Open until Christmas

@stockgod — Fri, 02 Oct 2009 19:07:08 GMT

Overcoming the fear of a down day, or a down series of days in a bull market can be somewhat difficult for most people. Just know, that in a bull market, as in any market, I study the fundamentals of the companies which interest me. -- When the market is fundamentally strong, like this year, I seek and invest in undervalued companies and I hold them long term. I am about to share some images with you - for no other purpose than to explain to you how I deal with the psychology of fear on a bearish week like today. I'm not full of shit, I don't make up large positions to "look cool" - and I'm human. None of us can predict the market, so why bother trying? I don't... So as many know I started adding $SYNM, first cycle, between $1.68-$2.60. I sold my entire position in the 3's and I felt naked without Syntroleum in my portfolio. I had around 45k shares at the time, made well over $40,000. I know this company well, and I believe it has huge potential in the future. So I've been rebuying this stock from $2.50-$2.85. I currently hold a fairly signifcant position in my long term account, and also in my trading account. Below is an image from my trading account, be warned if you have a weak stomach you may not like this position :-) Needless to say I tend to hold more in my long term accounts. A similar story with $NEP, I've been buying this stock from the high 3's to mid 4's. I sold some in the $6 range but kept a long position. I also added a bunch into my trading account as you can see by the image below. Now, how on earth can I sit on positions that are down some $24,000 without worrying? Simple. I am a long term investor, I don't buy on margin unless I can afford to cover. I keep around 80% cash on the sidelines (which includes my long term/retirement and trading portfolios). If I need to add cash I can, but I usually don't have this problem. Take today, for example. Some time ago I bought $YGII/$YGYB in the 5's, and eventually $YONG (same company, series of uplistings, etc). I put the position from the 5's in my long term account, then on September 9th (less than a month ago) I added 15,000 trading shares of $YONG at $7. It went up and down, sometimes red days, sometimes green. Overall I held strong until today. I sold the entire trading share position only (keeping my long term position) in the 9's. I made over $45,000 in less than a month in a realized gain. So I view my trading account as a Christmas Tree. I have red and green lights on it - obviously we prefer all green all the time, but this is never the case. The only difference between me and most people is I don't trade in my red lights for money --- I usually add to the strong positions on red days like today. Today I added $NEP, $SYNM, $AGM, $TRIT, $CYCC (more risk on this) into my long term portfolio. I also took another new position of $SWHC under $4.50 in my trading account. Today was like Christmas for me all over again. Remember, if you don't let the fear of "red lights" consume you, you'll do just fine. If I dumped $NEP and $SYNM today I'd likely hate myself in the future. By the way, I'm also holding my position of $BEST in two accounts - full on - we'll see how that turns out next "Christmas". Good luck guys, hope this makes sense.

ThursdayReCap/Return of BobTheBEAR

@kunal00 — Fri, 02 Oct 2009 1:06:57 GMT

The fat moustached man finally got his day. Months lurking in dark alleys whispering sweet nothings.In public they wear their Sundays finest and speak about unemployment, deficits, Public Option. But we know who they are. Often when Im leaving the night club and hopping in the cab I hear them snickering in a smokey basement reeeeeeeeking of Drakkar Noir playing with their Ouija boards. You know this guy every neighborhood has one. He is the snooty fucker who hangs out at dinner parties and talks about U6 numbers when a neighbor says he lost his job.He laments on how the Federal Reserve is going to soak up all the excess money supply out of the system.. When you ask him what he does he replies "I'm a consultant" aka (My wife works fulltime.I blow sell side analysts for 6 sheckels so I can keep up my coke habit) Bob the Bear you know who he is. Bob the Bear finally got his day after months of getting his grotesque face rearranged today he came out looking sheen and happy(Obviously partaking in some fairy dust to celebrate). Today he will go home to his wife and kids like a MAN. Bob the Bear will tell his wife that Peter the Poolman is no more. Bob has got his mojo back. Bob and all his "special friends" will eat shit soon enough(and I mean literally since they are "consultants and are not gainfully employed)my guess within next couple days. ____________________________________________________________________ Today Kunal00 sat back with his immense cash position of 45%. I pounded the table for over a week. "raise your stops, protect your balls, and raise cash". $SPY showing some decent distribution over last 10 days. SO is today. Yes I took losses but I was ok with them as I am not fully invested. I made 2 very eggregious trade management errors today. #1 I bought loads of $trit yesterday at 13.50ish area. Today it hit 15.41 yet I sold none trying to squeeze out a booom while the market was tanking. Yes even I am prone to foolish and greedy behavior.#2 My second biggest position $best ramped up to 1.49 which finallyput me in the black. Instead of following my rule of selling 1/2. I did nothing wanting to go for an account busting 5%+ day while everybody took a bath in their bullshit stocks.Im an idiot plain and simple. Oh well On too business. Soon enough maybe tomorrow or 2 days from now the market will be at a level that will sustain fresh buying interest. Look at the chart of $spy everytime we violate the 20dma the downside selling is non-existant. If the bears are going to break this rally they need another big down day tomorrow.They need to kill the "buy the dip" mentality. If there is a weak low volume bounce they need to break it with a higher volume distribution day to follow it. Break us down through that 50dma. But let me tell you this. Todays action says that the market is expecting a terrible jobs report. By the time the report actually comes out the market has already priced in the news. My plan on weakness is to play for an oversold bounce. If the volume is weak on the bounce then I know the distribution was real and I will go short somewhere between 105-106 SPY. Volume is strong I go guns blazing into every bullshit garbagio stock possible. Understood?Good! Remember we are in an odd position as the Russell, Nasdaq, and S&P are sittingnear support. The odds of a fullblow breakdown and it holding lessen if the market is oversold.

For Puda Longs...

@stockgod — Thu, 01 Oct 2009 2:50:53 GMT

...As per my previous blog on Puda Coal...

Get your $OIL checked

@kunal00 — Wed, 30 Sep 2009 16:48:41 GMT

The day started of ugly but mother market has been clawing its back. $uso is out teabagging all the recession bears out there. As I said before in the AM blog$spy 104 would be when I go back in the market and deploy my nasty drug dealer sized cash hoard. So daddy did. How did I know SPY 104 would be the spot??!!! Kunal00 buys $trit and $hban in size today. You see $rino today almost 22 bucks. While every joker is out there trying to squeeze out the last 5% in the move I am buying $trit. How do I know will work????? Because I put my balls on the line when $rino was 8 bucks and trading 30k shares a day. Its tripled time to move on. Now that $uso has reversed for now its time to start looking at some of these oil stocks and find the next boooooooom. $apl could get moving soon. Look at this chart if breaks up you could get a nice strong move $pds also $gmxr I like this for a swingtrade. it broke out strong now has consolidated around support. Buy as close to support as possible to limit risk and only if $oil is still strong

GamePlan HumpDay 9/30/09

@kunal00 — Wed, 30 Sep 2009 13:20:56 GMT

My thesis to go to 50% cash has played out just the way I imagined. Most smallcaps last couple weeks have wilted like a moustached frenchman at the first sight of battle. As you know the SPY is what I use to get a gauge of the overall strenght of the market. We have seen some distribution the last week or so on the volume side. But price is holding up.An interesting divergence that gives me really no idea or edge on where we go next. On the big upday on Monday we had the holiest of holy days so volume was light so this is a tough read. I will still wait for a pullback closer to SPY 104 to deploy In the meantime I am slightly bored farting around on twitter all day making fun of stupid people who trade $spnge which should be named from this day on $masterdingleberry so I am going to deploy 10% more cash in some sectors I see promising. and of course on all dips I will buy more $puda $trit and $srz (my favorite names) Shippers and Batteries been running. On the battery side Im already in $abat Shippers yesterday were running hard....hotter than a hooker sitting in a baptist church $drys $gnk $rams all running yesterday. I have been buying $free and $sblk. Keep an eye on $prgn too. Their dilution has ended last block of shares gone at 4.11. This could run hard also $free getting past some resistance. I expect this to run if shippers do. I have allocated some sheckels to $hban. Take a look at the chart it is getting past some resistance in this area and if it does it could go. Also it is starting to get a series of upgrades which should provide the gas to get it through.

The Politics of China, it's not that complicated

@stockgod — Tue, 29 Sep 2009 3:34:03 GMT

Hey Puda Longs, Chill Out Big panic today on Puda Coal it seems. I feel really good about this investment since I’ve been in at .30+ (roughly $2.10 pre-reverse split). I continued to buy the stock up to $6. So why the panic today? Because fresh investors do not understand the politics in China, the geography, and apparently how to read a news report. Lucky for us we have a great group of traders on Bulls that work together, notseparately, and this makes us ever so deadly. The news headline was: “Shanxi's Nationalizing of Coal Mines Riles Zhejiang Investors, Government” China's "coal capital," announced it would nationalize 2,840 registered coal mines and finish signing the agreements with newly nationalized mines by the end of September, retaining only 1,000 open mines by 2010. And Zhejiang Province is not happy about it. Yeah, of course they aren’t happy about it. Good thing Puda Coal is based in Shanxi, and this is simply the next step before Puda likely goes into the coal mining business. I’m going to keep this real short; -Puda is currently *not* a coal miner. They are a coal washing company, preparing coking coal for steel manufacturers. They have a very low margin, and they have been working to increase their margin by expanding their business. -Puda took an 18% interest of a coal mine in the Shanxi Province back in May. Remember, they are based in Shanxi, the coal capital of China. -Puda is now working to get approvals on future mines, whether they get them approved by the government or not is yet to be seen. - The article reads "and finish signing the agreements with newly nationalized mines by the end of September, retaining only 1,000 open mines by 2010." - Puda is based in Shanxi Province, while I won't get into China Politics, I will say that the internal protectionism is there for a reason. It's how they operate, and I'm pretty damn sure that the government does NOT want to put on a bunch of hard hats so they can go mine these fuckers themselves. They will likely award contracts to existing companies within the Province. - Puda has had a strategy of becoming a coal miner since 2007 in Shanxi... The CEO is a genius, he knows how to run a company, and understands "shareholder value". I don’t know what it is about investors on this side of the pond – but the minute they read the words “Nationalization” or “Government Intervention” they lose their lunch, and their wallets. Back in the day, prior to Twitter, I would enjoy taking money from the faceless few --- but now that people are actually following me I feel as if I have a responsibility to point out the obvious. I do my research, I personally feel comfortable on this play – but that does not mean taking profits is a bad idea. It’s always good to take profits, but in the case of Puda I am *personally* holding out for the long run. So for those of you who keep asking if I'm "still holding Puda", yes I am, now it's up to you to decide if you are... I'm simply stating the facts as I read them. Disclaimer: I own more Puda Coal than you do. I am so long on this stock it's crazy. If I dumped all my Puda today it would have covered the entire days volume and then some.. So don't trust a word I'm saying about this stock - always do your own due dilligence and good luck!! read the china article here...

Few Stocks I'm Watching Tomorrow Morning

@urbanryno — Mon, 28 Sep 2009 1:50:48 GMT

After last week's bearish finish, I find myself heavily in cash, but still holding a few small positions. Day trading / scalping / and short term swings are my gig, so I approach the market with a 'what can you do for me now' mentality. On Wednesday, we saw a spike in the DOW up over 9900 as bulls begged for the psychologically beneficial 10000 mark. However, like many nights I spent hitting on ladies in dark smoky bars, the bulls were slapped down and told to take a seat somewhere else. Bullish or bearish Monday? I won't dare try to predict. I would much rather get ready for what the market gives me and play accordingly. First things, first... what's on the economic calendar that could punish or boost the overall market sentiment? From the trusty Bloomberg Calendar, I see quite a few reports that could rattle some cages. The big nasty being Consumer Confidence at 10AM ET on Tuesday. The other monster number will come out of the GDP and Chicago PMI reports on Wednesday. All of these reports are in the morning and as a trader of very volatile securities, I will likely be very heavily positioned in cash Monday and Tuesday nights. As the reports release, I'll take what I'm given. Ok, enough about the calendar -let's talk about Monday setups. Here are a few stocks I'm eyeballing Monday: ARIA - fairly oversold and now sitting on MA50 support. INO - Another stock that's been hit hard lately sitting on support. Could fall through the gap or find some stability here for swing long. TTEK may have found some love on MA200. ONTY - Watching trendline support. Possible swing long. AOB - Sitting on horizontal support. SCLN may have found some support on $4.00 CYTR - Watching for move above 1.21. PTN - bottom of channel, possible long swing. GSAT sitting on .79 support with very tight bollinger bands. could go either direction. CMZ - nice bounce off MA50 on Friday with volume. NVD - Watching against horizontal resistance at .28 with improving volume. Happy trading tomorrow - careful, the bears are gaining some confidence.

Set-ups Oct 5 Tweet and Trade

@copperstl — Sat, 26 Sep 2009 19:22:52 GMT

We are continuing our study of market timing with set-ups. Per requests, I will keep charting links in this post for another week. email leigh@bullson.ws for inclusion (.pdf format) New Trader Charting Basics Live Webinars links: We should have something for every type of trader:Group 1 Trader Education Set-up TradesGroup 2 New Trader Set-ups (Small and Mid Cap Companies) Full or Part-time TradersGroup 3 Options (Mid and Large Cap Companies)Group 4 Swings/Scalps (Small and Mid Cap Companies) More Experienced TradersGroup 5 Micro Cap Companies Group 6 Short Set-ups (Small and Mid Cap Companies) Experienced/New TradersGroup 7 Long-term Investor, Full or Part-time Longer Swing Traders (Small, Mid and Large Caps) Email leigh@bullson.ws for inclusion on the email distribution to receive set-ups and updates. My pleasure, Leigh

My Oil Haikus

@stockgod — Fri, 25 Sep 2009 16:28:41 GMT

My oil Haiku's; satans tea runs out iran loves nukes oil goes up winter near brrrrrr.... fuck. canada has oil bomb canada? no Bush...lol..... watching oil sands perk china has oil nep looks good to me fuck you bears fuck you

Thursday Midday Update/Buys

@kunal00 — Thu, 24 Sep 2009 17:11:40 GMT

This is very eeeeeeerie.Summer ended 9/22/2009. Being that I am a gentleman and always in fashion I gave up the white pants. For 2 days the market has caught unsuspecting bulls with their pants down throwing 50 year old battery acid at their exposed margin loving skin. Smallcaps getting thrown in the dumpster beaten on like members of your high school chess club. But if you had read the blog yesterday I had IMPLORED YOU TO SELL, raise stops and chill. For me I have been spending my day getting my watchlists ready for i am in 50% CASH. Listen the market cant go up for ever I know many people are giddy on the gains of their smallcrap stocks of the last few weeks. Any jobber with a dialup could went on yahoo finance picked something out of the bin and it would have went up 50%. Just remember over the years all those times the market kept creeping up for weeks at a time and all the times soon after how mother market dragged you face down in its Chevy Silverado around your local Walmart parking lot (unpaved ofcourse). Well this time is different for you have the BOWS crew to guide you through all this. This is my gameplan: Just chill, Im going out drinking every night. Making watchlists by day cruising the local talent pool at night. I think we bounce a little today but the highflyer smallcaps still have some downside. I will scalp some quick momo trades/daytrades etc but small positions and I will be like Fred Astaire dancing around back n forth. 2 Buys today on AONE momo. this IPO has already ran up +50%. Unreal. This battery stuff is hot last 2 days. Kunal00 buys $hpj $abat HPJ this thing is cheaper than a @jweaving date on a Friday night. Market Cap (intraday)5: 33.50M Enterprise Value (24-Sep-09)3: 37.28M Trailing P/E (ttm, intraday): 17.15 Forward P/E (fye 31-Dec-10) 1: 8.82 PEG Ratio (5 yr expected): N/A Price/Sales (ttm): 0.51 Price/Book (mrq): 1.82 Enterprise Value/Revenue (ttm)3: 0.57 Enterprise Value/EBITDA (ttm)3: 8.271 I like it under 2.40. Dont chase it. $ABAT bought at 4.14. I will NOT take losses I got a stop at 4.03. If there is no battery momo just dump it. Its sitting close to support

Jumping Bean Trading Strategy

@copperstl — Thu, 24 Sep 2009 4:11:36 GMT

Don't be angry....but I must say a new strategy has developed on Twitter. I call it the Jumping Bean Strategy and many of you are guilty! I need some of you to look me in the eyes for a serious discussion. Presenting eyes in pic below. Criteria: following too many tweet trades closing one position quickly to jump on a "newly" tweeted mover trading with emotions which confuse the play fear of being left behind on a momo (momentum) trademover defines "swing" trade lengthas 2 hours and 2 minutes constantly watchingthe tweet stream to see what you are missing takingconsistent losses rather than allowing the set-up to work following too many traders without realizing their style continually entering the right trade - wrong timing Shall I continue or have I made my point? loving smile Trading Team, get focused. You simply cannot catch every trade...won't happen. Accept it and adjust accordingly. Stop jumping around like a handful of jumping beans! This strategy is a loser....LOSER! So muchis tossed outregarding trade tweets; it's easy to become side-tracked. You spend so much time trying to digest the tweets that you are not successfulwith even one trade at the end of the day, week, or month. (depending upon your trading style/commitment) Find a few traders that you trust. Explore their style and experience. Then jump in their back pocket and and zip it shut so you can't go anywhere. I don't mind helping people repair at trade, but I am quite tired of assisting a clean-up behind traders that have followedinexperienced traders into a live trade. This market is so crazy; if you are following,seeking advice or answers to questionsfrom a trader with less than 8 to 10years experience....don't ask me to helpyou. You've heard me say this: it's easy to make money when the market is going up, but an entirely different story when the market is going down or consolidating sideways. Many tweets sound impressive...but most are full of hogwash. There...I said it. Andif you allow me to follow you --andI see you tweeting crap or erroneous information, be prepared to get a DM from me to call you out. This is real...the people and thepocketbooks are real. Our community should be held accountable for this reason. Half the blogs I read are so erroneous and full of junk that won't pass even an elementary trading lesson. I don't propose to know it all, but come on ...!!! If you are not profitable, your trading plan needs help. And you need to align yourself with YOURSELF, the market/conditions, and your plan. If you say you have no plan, then plan to fail. It's that simple. Determine which trades coming across tweetville look promising and focus. STOP trying to catch the next one. Turn off some of the noise generated by following so many traders that you can't seem to pick one decent trade from the dozens people are tweeting. Turn off the noise, turn on the knowledge....NOW....your trading career depends upon your educated decisions, applications and executions -not your emotions. There will be Another Trade Another Day! ATAD!! Leigh leigh@bullson.ws

HUMPDay/Gameplan 9/23/2009

@kunal00 — Wed, 23 Sep 2009 13:20:05 GMT

Yesteday was good day for all from what I could see on the stream. There are bigtime breakouts happening in numerous sectors. Finnies, Basic Materials were on steroids yesterday. Big runs happening in the smallcaps in both those sectors. As I guzzled numerous cups of coffee and celebrated my the last day of summer and the wearing of my white pants. I booked gains in 1 day that many of you will not see for a year. TRIT ABK RINO PUDA KAZ SRZ(if only that mole on the fat ladies ass named UEC had gone, I could have been happy) most legendary performance even for my self. But summer is over the white pants are retired. I plan on selling many things raising my cash position to 50% and going on a two week bender of miller lites, blondes, and some serious catching up of general hospital. Fun Fact: The two-foot long bird called a Kea that lives in New Zealand likes to eat the strips of rubber around car windows! Market analysis still hasnt changed. We are overbought so Im not adding any big swing trades. Shorten timeframes and trade quick and easy. I use the indices to give me direction on allocation of my capital. As a swingtrader I use overbought/oversold signals to provide me with "edge" As the market as stayed overbought forsometime I have shortened my timeframes considerably. Over the last few days the boooom factory has been booking considerable gains. Everychubby chaserwith a dial up connection and a schwab account is making money...time to chill. Today is fed day so be careful. Any hint of raising interest rates in near future and we got a surefire boner buster for the market. Plan.....Buy dips big...Sell rips till i see otherwise..simple and sweet. I am watching EDAP again...Could be setting up. Happy Birthday Skip Weiler!! big 50

Set-ups Sept 21 Tweet and Trade

@copperstl — Sun, 20 Sep 2009 2:18:17 GMT

The next few weekswe are studying market timing. Please email leigh@bullson.ws for inclusion on the email distribution for complete set-ups with charts, target, and my commentary (oh brother!) By the way, Ihave a degree in English and business, so forgive me if my typos and math numbers get tangled up in drafts of each group and make to you unintentionally when pulling it together. Often we have the right trade, but we are on the wrong timing of the trade. We want to choose high probability trades; therefore, I look at several things to help me decide. Given the varied levels of trading knowledge, I thought it would be helpful to create the charts/targets on another document, with commentary in the email. This will provide a cleaner document to print to work with this week without all my notes. This will allow experienced traders to by-pass commentary as well.New traders, perhaps, stay with Group 1 or 2 only to avoid confusion. I am providing choices...choose a set-up you like and focus...let the others go. The last 5 years, I have traveled 48 weeks per year and still maintained my portfolio with over 100 positions. I know how to do this with limited time, trust me! Review previous Tweet and Trade Set-up for other topics. Thank you Trading Family!

Numbers Don't Lie. Liars Do.

@stockgod — Fri, 18 Sep 2009 18:17:54 GMT

I received a DM yesterday from @TryTheWine basically asking how I was able to value these stocks so quickly, specifically the TRIT IPO. The answer is pretty simple, I start with a small position. Depending on your scale that could vary, but I usually like to hold positions in the 30k-80k range depending on the play. In the case of TRIT I picked up some in the $8.60 range, I then had my broker at Wood Gundy grab me all the details he could find including the prospectus. If I don't like the deal after doing all the research (like all of it) then I'll sell for a little profit. It's very rare that I have to sell, I usually pick stocks based on my gut - it's served me well so far. If I do like it then I build my position pretty quickly, keep a little on the side just so I can average down if necessary. One thing I know for certain: Stare at the numbers long enough and the truth will come out... I have a knack for numbers, I'm very good at finding the odd skeletons in the closet. No matter what some pumper or dumper or loser tells you, the numbers don't lie. Ever. If you get a good feel for a stock then it doesn't matter how it swings, at the end of the day fundamentals will catch up with the stock price. In China catching the uplisting wave is an incredibly easy way to make big returns. @kunal00 and I have been buying PUDZ since it was PUDC in the .30 range. In other words my lowest entry after their reverse split was $2.10. I continue to accumulate this stock, I have a 6 figure position now. While people kept asking questions "What's going on with PUDZ?" we held on and tried to grab as much as we could as often as possible. I knew that PUDC was uplisting at some point, I knew about the reverse split, and I know they are trying to finalize a deal with the Government of China on 6 more mines. They are also going upstream in their margins -- even though last quarter was weak they *still* made money. These guys don't do the same accounting tricks that some of the U.S. coal producers do... To me, this is the real thing. Patience is everything on stocks with good fundamentals. As long as the story doesn't change who cares about the dips? I sure as fuck don't. Granted it's nice to build a war chest so you can do this while playing momentum plays. Eventually you'll know what I mean if you're just starting out. So, PUDZ is now $5.35 today, way up on low volume. If you watch the pattern, RINO, TRIT, PUDZ, they all trade 50-100k shares a day. They get listed on the NYSE Amex and they get slightly more volume. They get noticed by the late bloggers and pumpers and it gets viral - then all of the sudden you see $10. Everyone makes money, institutions pick it up, and we all get richer. Well, most of us anyways. Some of you still have some learning to do. Like the 22 year old Biggie Small fan who tweeted me today. Look Sonnnnnn...Biggie would be rolling in his grave if he saw you was representing.

Shippers-Charts

@kunal00 — Thu, 17 Sep 2009 13:29:18 GMT

Lot of people asking me about shippers. I shall be quick. They do look good. Mostly all them have same pattern. Solid break to upside crossing major moving avgs. They can be bought on low vol pullbacks to support. Here are a few of my favs. $free any pullback to 1.8s you can pull trigger on. tight stops of course $Drys needs to pullback. Its overbought needs to work that off. Pull the trigger as close to m.a. as possible. $gnk Good vol pattern. Nice move. Needs to pullback to support then lock and load. overbought condition needs to work itself out. $sblk Can be played 2 ways. Looks like it might break out. In my experience when a stock is overbought the odds of a strong breakout diminish but in this market last 2 months its been quite the opposite. Or you can swingtrade on a pullback to support.

Ready to go to the next level?

@stockgod — Wed, 16 Sep 2009 21:35:52 GMT

Hi guys, BullsOnWallStreet is growing faster than we expected. Our overall returns have been incredible. We are ready to go to the next level. What this means is we're working on adding premium services to the community as soon as possible. Now we know that we have touted we offer a free service, and we will continue to do so. We also feel that we've proven ourselves to the community over the last few months, and since Bulls On Wall Street has started we have not charged and/or asked for a dime for merely "making picks". Rather, we want to build this into a viable business where we can continue to add valuable features to the site and increase our collective returns. As you can imagine, our time is very tight. We simply want to help fund the site to allow for bigger and better things down the road. Currently I'm funding the site myself. I am now at the point where we're taking on more developers to add the features we desperately need. We want to add more tools, education, and bloggers to the site. We're growing nicely, but we still have lots of work to do on the site as many new traders will tell you. That said, we're currently working on some of the features for our premium members. We're curious, what do you think of the idea of Bulls On Wall Street offering a premium service, and what would you expect for your money? Have you made good returns with us? Tell me your thoughts privately, if you want, sg@bullson.ws - or feel free to comment and share here as well. Take care ya'll - we had some great days behind us, but I'm certain there will be even greater days ahead. with many returns,@stockgod and the @bullsonwallst team...

GamePlan Wednesday 9/16/2009

@kunal00 — Wed, 16 Sep 2009 13:11:31 GMT

Yesterday was a day to remember. i am sure to write a blog this weekend on the day kunal00 made the world go booooooom. The kind of boom that makes people fall out of their chairs and rip the dentures of old ladies. Pretty sure I had my best day of the year. Unlike most people when I say best day Im not talking about 4% port gains. Im talking big dicked hairy indian gains. But thats a whole another story. For today. market still over bought. Would not add swingtrades to the longside here. Any longs will be on shortenened timeframes. As you can see the S&P is hitting extreme overbought levels we are approaching some resistance. If you want to take a low risk quick short. You can short here with a stop above resistance. p.s. I dont recommend shorting if you are a liberal, french, short, or have a thin wispy moustache (orlando bloom style) since you are destined to be poor and probably want to be. Since most traders lose money and have no patience and find the need to always buy something here ya go!(fun fact 92% of all traders have p.e.) GKK might go if the REITS are running. It retraced its whole move and fell back to support and is starting to reach oversold nature. This is my bread and butter pullback move. If REITS run I will trade this very very very quickly. OPXA-little more dangerourous. I might buy on the low end of this new range for a quick scalp. Very tight stop under the support. A lot of bigbreakouts in natgas sector last couple days. Will post later for breakoutpullback on them. Still Short POT, INFA, LAYN I am very very busy today so if anybody asks what Im buying I promise I will light @celtsfan on fire and we will enjoy no more music.

Solar Stocks and MA50

@urbanryno — Wed, 16 Sep 2009 2:23:46 GMT

Have you been on the same emotional roller coaster ride lately that I've been on? You know, the one where you think you've figured out how to swing trade solar stocks just to get your ass kicked the next day as it spirals down to your stop loss. The ride wasn't even long enough to make you vomit. Don't get me wrong, the nice, smooth climb up from March to May was quite exhilarating with few twists and turns along the way. However, once we reached the summit, the laws of gravity quickly pulled us down through numerous hair-pin turns, drops, and loops. Is the downward spiral finally over...at least temporarily? Ten trading days ago, most solar stocks found support and have been trending up ever since. Not a lot of attention has been made to this, but look at the daily charts from many in the industry and you'll wish you had taken at least a small position in your favorite solar because the support was segment wide. Now we've reached a new milestone. Ten days ago it was was industry wide support. Now we're looking at resistance. More specifically, we're looking at MA50 and a handful of solar plays banging against it WITH volume. Is it time to climb comfortably back in our seats for another smooth ride back up to May highs? Or, does big, bad MA50 have other ideas? Here are my top MA50 resistance solar stocks that I'll be watching Wednesday. I'll likely pick my favorite to position long in if MA50 gets broken. Check out these daily charts: Gotta start with FSLR since it is still the industry pulse.. JASO SOLR STP SOLF - nice LDK ESLR

MidDay update/ Buys

@kunal00 — Mon, 14 Sep 2009 17:21:42 GMT

Market kind of chilling today. Technically we are overbought and not a big or any edge in adding longs here till we get a pullback. As a swingtrader I like to buy and sell at support/resistance using oversold/overbought indicators. As we are overbought and at the top end of the range I am adding swingtrades on the short side. Due to persistant nature of bulls the past few months overbought levels have tended to stay overbought so as I add swings on the short side I will be trading n scalping breakouts on the longside intraday. Get the strategy??? Dont? Dont worry about it....kunal00 has enough brains for both us. Still Short $POT $SNDA added in a short $INFA 21.00 Added $abk 1.60-1.61 (sold 1/3 at 1.80 yeeeeeeeeeeha) added $ct and $pnx for quick scalps Sold of 1/3 $trit 10+ (16%gain) will rebuy in the 8s.

Tweet and Trade Set-ups Sept 14

@copperstl — Mon, 14 Sep 2009 2:04:24 GMT

This week's set-ups went out to the email distribution. To be included please email: leigh@bullson.ws Review last week's set-ups for in-depth candle and trade criteria discussion. (some of those plays are still valid) Please remain cognizant of our objectives for the Groups.Group 4: Scalps, Day and OTC PlaysGroup 3: Options Practice Group 2 set-ups are more complex than Group 1 and listed after Group 1 set-ups. If your skill level isn't conducive to trade with Group 2, stay with Group 1. Objectives:I build criteria to create high probability trades. Hopefully, you will see the common denominators.Trades are less than $5 to $7 purposely to learn trade management/market timing. Swing trades can day 3 to 10 days to materialize.Position trades take up to a few months; we do take profits along the way.

Treading Lightly This Week

@urbanryno — Mon, 14 Sep 2009 1:17:40 GMT

I'm not a pessimistic person, but I do believe this week deserves a cautious approach to trading.. especially for those of us who have been dabbling in highly volatile stocks under a buck. Why nervous feet? For one.. it's options expiration week - basically means increased levels of volatility are likely and I personally think, a small sell-off.This is also a week packed with economic news - any of which could move the markets. Check out the busy calendar on Bloomberg. But, don't just look at it, create some trades around it. There are numerous stocks you could position into based on the housing starts report (Thursday) or the retail sales report (Tuesday)... if you have time to trade the momo. I wouldn't buy before the news unless have you big balls or a crystal ball.. play the short term moves after - that's my approach, at least.I, however, will not be spending a lot of time trading the next few days thanks to my lovely day job. If I was able, this would be a scalping week (intra-day momentum) with few positions held overnight. Limiting my exposure is key for the next 5 days.Having said that, here are a few stocks I'm watching for possible scalps/swings if we see momentum to the upside (these are all long setups).. I will only take positions in those that breakout and not until then. I'm not buying the setup.. I'm playing the move only. URRE - Of course we'll have to see commodities move to the upside to offer segment strength, but I like the chart. Nice triangle with test against MA50.MI - On a strong move through MA200CEGE - Give me a move out of this triangle and I'll go long (close stop, as usual).WAVE - Time to catch the wave? Again..only on the move out of pennant.SONS - I'm watching for action against 2.15. Over would signal a horizontal resistance breakout.CHINA - Looking for continuation move through MA20 Monday.Have a great week, all, and don't forget to stay close to your trades - volatility will likely be up and there are a lot of nervous trigger fingers ready to sell right now. I'll be one of them if any of my positions fail to move (CYCC and PVX).

New Features Coming Right Up

@copperstl — Fri, 11 Sep 2009 23:02:01 GMT

Good Grief! What kind of expression is that? Blackmail material, I tell you!I am not reading a script; I am watching my chart screens....so my apology--but a girl's gotta trade what a girl's gotta trade! BOWS is ramping up every week with new features. Kunal is drunk on the golf course or he would be blasting to us~! (smile) Upon his sober return, we anxiously await his attempt. And of course, Urban_ryno is behind the scenes as the moment with the other BOWS techies (and they are good!) making this thing materialize. Now, Stockgod....where are you? Suppose you should show us some of those bull parts your boast? Hmmmm....I suppose it's because of those bull parts we have a unique community called Bullsonwallstreet (BOWS) and what you see is only the beginning. Ahhh...what a great (global) community we are becoming....BOWS. ATAD!

GamePlan Friday

@kunal00 — Fri, 11 Sep 2009 13:10:23 GMT

Yesterday was a decent day. The indexes were up slightly and the S&P made new highs. I wouldnt technically call it a breakout out since it just barely passed new highs and the vol was week. Regardless there was booooooooooooooooooom all around for I am not beholden to any index except the one that the big man carries upstairs. Regardless careful of adding too many longs here. Even the S&P made new highs the vol was ok and the stochastics are getting overbought which traditionally will lower your edge. Doesnt mean go out and sell everything but its a good time to treat yourself to a little profit ( or in my case biiig profit), tighten up all your stops, and be more patient and selective on any new buys longer than a 1 day timeframe. Thats what seperates the geeky amatuers from the big hairy men with gold chains. I saw it all around on twitter people feeling like they missed on a lot of boooooms. Most traders will always scramble and chase market performance while the booooom makers such as myselfsit back drink some beers and kick it laughing at all the strange little men in fanny packs scrambling to catch the last tenth of a run. Couple swingtrades. I have added a Gold Short via DZZ at 18.22 avg.My stop is 17.85Gold failed to break its highs once again. I went short via the reverse etf. I have sold out of most of my small cap oil and gas companies as TEC, QRCP have all run up 100% in the past week. I still have a host of them in my other accounts like NEP which I will keep till 6. You can still daytrade those as they have volatility but if you are looking for longer term swingtrades that will make you big percentages you need to find the ones that havent moved. Go on Google Finance type in a company thats had a big run and start looking at its competitors. BioMania is still going. Americans are still have impotent chubby chasers who will need drugs. I checked out the presentation on cycc via @stockgod. Its got some support in the .9s. Any price along .95-1.02 might be decent for a starter position. Small though dont put your balls in a vice here watch it see how it trades for a couple days to geta feel for it then add some more. Keep an eye on EDAP low float play. Had big big breakout. Its been consolidating its run and could be setting up a huge move soon. I will be morning drinking then golfing all day. Its always good to enjoy yourself once in a while and since I aman of excess I will be slamming whiskeys shortly and doing donuts on the greens. I will be posting some buys and sells but I would not trust them! But I must say last time I was getting slammed in the a.m. I called a 40% boom on CROX. Rest assured I will be back on Monday giving double titty twisters to unsuspecting french tourists drinking large vats of coffee and gifting you my 6 brains, two hands, and general stock market commentary.

overnight lotteries are fun...but..

@stockgod — Wed, 09 Sep 2009 15:06:32 GMT

Everyone wants to get rich quick. The quickest way to get rich is to buy a stock at $2 and watch it go to $20 a day later right? Ummm, sure.. except it rarely happens. So I've been buying & trading VVUS for many months. It's the one biotech that I actually believe in, and I've done a ton of research on it. I have a number of doctor friends who have looked it over for me and I did some in depth research before plunking down the coin to buy 60,000 shares in my long term account. Watching the stock has been interesting. I watched my long term account go up and down - and I never flinched because the story never changed. ...and like every stock I play I got the feel for it --- and yesterday when I noticed some unusual bids popping I decided to add 10,100 shares into my trading account. Well behold, that stock went to $12.49 today, and it's currently trading under $12. I sold my trading shares in the 11's, and 25% of my l/t position at $12.40-$12.43. A great day right? So now what? I have received countless "congratulation" tweets from a number of followers who knew I was long on this stock (thanks guys!). I even ignored my overnight winnings on Smith & Wesson (which continue to grow). Many tweets coming in saying "I wish I had followed you on vvus..."... wellguys, slap yourself across the face and think about what you're saying. Everyone is looking for the next "overnight win". Let me tell you, there's no easy way to make money overnight. I am a fundamentals guy. I dig deep into the company and when I'm looking for momentum or day trades I usually run my ideas by @kunal00, @copperstl or @urban_ryno. ..but that said, there are some winners on my roadmap (assuming no unforseen circumstances, like a plant fire or some shit). Once my picks explode everyone wonders why they didn't buy it in the first place. I am long Syntroleum SYNM and North Eastern China Petroleum NEP (to name a couple of my faves). I continue to buy them on the dips, I know the stories well. I am particularily excited about SYNM's future. I'm a big oil and gas guy - and although "green gas" has never really paid off, I thnk we're getting to a point where you'll see biofuel companies succeed. Are they overnight wins? Probably not -- but SYNM will announce the completition of their facility sometime in the near future - and at that point there will be some major press around it, and I am guessing we'll see an immediate spike. Those guys will be producing 75,000 gallons of high grade jet fuel per month. They'll split the proceeds with Tyson Foods (who happen to own 10% of SYNM) and they'll probably start on their second plant. You can either wait for that day, or be like me and accumulate the dips... I never trade for income - many people do and I respect that. If you're trading for income it can be difficult to make money unless you keep a seperate long term account. Good luck!

I'm feeling kind of bullish...

@stockgod — Mon, 07 Sep 2009 18:53:10 GMT

Did you have a good weekend? Good, because you better get ready for this week. I'm feeling bullish and unless some crazy unforeseen event occurs I'm pretty sure we're going to see some nice action this week. Hoo haaa Guns Guns Guns! I picked up Smith & Wesson SWHC at $5.10, which I believe is close to the floor. This company recently did a dilution, but at the same time they made a major strategic acquisition in the perimeter security space. As a shareholder of Smith & Wesson nothing excites me more than when assholes like Glen Beck and Sean Hannity rile up the extreme right wing into buying guns and ammo. There has been a massive shortage on ammunition; as such I really like Olin Corporation OLN. I’m trying to find a decent entry on this stock, haven’t found one yet. In the meantime I watch it climb as I continue to kick myself for not investing in this thing at $9. Oh and did I mention background checks are up over 12% since August 2008? Yep, check it - bang bang! Q3 Caution on Commodities, but not worried about Oil & Gas One thing I’m watching very closely is next quarter numbers on commodities, such as coal. I am not entirely convinced that we're out of the woods yet, although a flat bottom is neither a problem nor a positive for me. As many of you know, I'm not a day trader, and I don't mind holding undervalued positions for the long term. U.S. coal companies still have some problems to work through (inventory buildups at utilities, legacy contracts, etc); As such, Patriot Coal being one of my favorite “underdogs” continues to face major challenges. Unless some corporate event takes place it’s likely that Patriot will be forced to do another dilution somewhere in the 10’s. Be careful. We could see another wave of dilutions this winter with many companies. In the long term these dilutions should pan out okay, but for those of you who play these stocks for income you have to time things very carefully. Still buying Puda Coal anytime I see it under $4. Remember, I started buying this stock in the .30 range, which pre-r/s is about $2.10+. Oil is safe and healthy between $63-$85. While I appreciate the artificial price manipulation in oil, it makes me nervous that gas continues to fall – I suspect a floor somewhere in the high 1’s.Being from Calgary gas prices falling isn't necessarily a good thing. We are close to a bottom, so if you have any suggestions as to how you would play gas I'd love to hear it (I hate ETFs, I'll stay away from UNG and HNU.TO). I’m still long bullish on Northeastern China Petroleum NEP, -- whatever swings may occur in the short term, oil long term will bust past $100. Not sure where it will end up next week. Biofuels make me randy I dropped most of my mega position of Verenium VRNM after the news of the r/s was announced. Long term I think it’s a no brainer, but this reverse split seems like a good way for them to raise further funds and run another series of dilutions down the road. I’m not interested in holding this stock right now, lots of other plays to make money on. My number 1 pick for a biofuel company which makes money is Syntroleum SYNM. I continue to buy it regardless of the swings. When their plant goes online they’ll be soon ready to product 75,000 gallons of high grade premium fuel a month. ..and it’s all thanks to chicken fat. Online Gambling in the U.S. will be legalized You have witnessed as I rode World Poker Tour Enterprises WPTE from $1-$2. I sold some near $2, but I have a mega position with an average of around $1.19. I’m not suggesting that any of you follow me on this; it’s really up to you. While I was certain there would be some corporate events taking place it seems as if the market is not happy with the deals they cut with Party Poker. I personally like it, so I’ll wait it out. The only thing I like about Greece is the Souvlaki and the potatoes After China stopped hoarding the shippers stopped shipping. The boats are collecting barnacles as they wait for massive world trade to resume. When I start screening low p/e ratios the big trend I keep seeing is the shipping companies sitting near bottom. While I don't mind holding undervalued positions for the long term, I don’t like Greek shipping companies. The Greek shipping companies don't give a shit about you or I as investors. They seem to be purely focused on income and not share growth. Their share structures are all about dilution and more dilution. The insiders hardly own any shares of their shitty companies, and they pay themselves huge incomes. After making out big on OCNF and PRGN once, I’m not about to play with dynamite again. So please, if you ask me about any stock, let it not be a Greek shipper. Biotech I'm getting back into full Drug Dealer mode here. Stay tuned for some money plays I'm working on. So that’s about it for now, some random babblings.

Tweet and Trade Set-ups Sept 7

@copperstl — Mon, 07 Sep 2009 17:02:19 GMT

Experienced traders: please review for any potential trades you see. I will send out potential break-out trades via email. (posted after Group 2)leigh@bullson.ws should you wish inclusion Please remain cognizant of our objectives for Group 1 and Group 2. If you need access to my quick course (for beginners) please advise. If you need the criteria Excel set-up worksheet as a guide, please advise. leigh@bullson.ws Group 2 set-ups are more complex than Group 1 and listed after Group 1 set-ups. If your skill level isn't conducive to trade with Group 2, stay with Group 1. I build criteria to create high probability trades. Hopefully, you will see the common denominators Trades are less than $5 to$7purposely to learn trade management/market timing.We open 1/3 to 1/4 pos, if the price drops, (sale price) we add to our position, and repeat until we are fully loaded for a break-out or attain target. (scale in)We are learning how to scale in and scale out of positions. Remember to lock profits along the way. Shave off 1/2 or 1/3 position to take profits. (scale out)Swing trades can day 3 to 10 days to materializePosition trades take up to a few months; we do take profits along the way.Sell the Rips - Buy the DipsUse Finviz.com to pull the daily chart for a quick viewNotice the candle formationsLook at the 7, 20, 50, and 200 moving averages for direction/cross-over/tapsPull the RSI, STO, and MACD for confirmation (begin to chart which indicator is the most accurate and pinpoint timing) To pull charts: Pull 5 year weekly and 9 month daily to get a roadmap of the stock movement.Zoom into the 3 month daily to view the candles.Be prepared to view Historical Quotes (in OX under Quotes) for vol and price movement dataLower Studies:Add the MACDAdd the STO (stochastics)Add the RSI Group 1 AEZS Pattern: Bullish Engulfing Line Close: .935 Vol: 907,498 Price Targets: 1.75 to 2.00 intermediate term 2.50 to 3.00 secondary targets Friday's candlestick is a white (green) spinning top (indecision between bulls and bears). However, added to Thursday's candlestick, we now have a Bullish Harami pattern signaling a potential reversal to the upside. You can see the downward gap looking at the chart. My strategy is to trade the gap back up. Criteria confirmation on Tuesday to open position: 1. if market gaps up - benchmark will be the opening price. If price stays above the opening price, I can go long. 2. if market opens flat, I will use Friday's close of .935 as the benchmark. If price stays above .94 I can go long (still need vol present, confirm STO, news) I can load 1/2 or 1/3 pos as example. 3. I may wait until the complete formation of Monday's candlestick for further confirmation to open or add to position. Confirmation would be a white (green) candlestick above Friday's close -.94. ASTM BullishContinuation Triangle Intermediate-term Bullish Close: $0.43 Volume: 2,571,982 Target Price Range: $0.57 - $0.61 Pattern Duration: 19 days I like this pattern for a swing trade. Friday's candlestick is a white (green) candlestick with almost equal upper and lower shadows. This represents normal buying pressure. I opened 1/3 position Thursday, but the play is still valid foropening/adding as the price stayed in consolidation. To avoid tying up my dollars too soon, I will wait for further confirmation to open another position or add. Tuesday, Iwill be watching to see how this pattern plays out.I need to see price above .43 and inching upward. Tuesday's bullish white candle could confirm as well. ESLR Bullish Continuation Wedge Intermediate-Term Bullish Close: $1.68 Volume: 3,605,815 Target Price Range: $2.45 - $2.60 Pattern Duration: 26 days Friday's candlestick is a black (red) spinning top which is complete indecision between the bulls and the bears. Thursday's candlestick was bullish (white) long candlestick. I need to see moves up during the week. I am looking for entry at the best possible price upon confirmation of the upward move. If price stays above Friday's close 1.68, I can go long. IVAN Bottom TriangleIntermediate-Term Bullish Close: $1.64 Volume: 3,071,612 Target Price Range: $1.95 - $2.03 Pattern Duration: 39 days Still one of my favorite chart patterns (bottom triangle) I need to see how this set-up materializes this week. Friday's candlestick (long white/green) confirmed my buy from Thursday's candlestick (short white/green) both of which are bullish signals. As long as price remains above Friday's close of 1.64 I can open (or add had I elected to open Thursday) to my position. RTK Close: 1.99 Volume: 3,367,256 I've traded this since winter. It's time to pick it back up for another swing. Friday's candlestick is a black (red) spinning top, preceded by 2 bullish days (white bullish candlesticks) I pulled Fibonacci numbers (which will be new to some of you) to demonstrate this classic bull pullback pattern. Simply stated the chart is trading at a 62% retracement (it has pulled back 62% from the break-out high @ 2.93ish and is poised for another leg up. The question becomes...when? I will look for price above Friday's close 1.99 and several bullish candles on the 60 minute chart before entry. PWAV BullishContinuation Triangle Close: 1.24 Volume: 1,149,485 Target Price Range: 1.75 to 1.85 Again, similar to the diamond bottom pattern, this pattern signals a potential reversal. I want the best price possible with confirmation of an upwardmove. Friday's candlestick is a White Marubozu (basically a solid white/green candle with NO shadow) The Marubozu is a very bullish/bearish if it was black/red candle. In this case, it is bullish ...which shows the buyers remained in control of the entire Friday's trading session. I need to see this continue. Profit-taking (sells) may place me in a hold or wait mode, butI want the jump start ahead of other buyers on this trade for the best return. Tuesday, should I see a black candlestick with a downward gap, a black candlestick closing below the previous close (1.24) ora long black candlestick with a big upward gap I will NOT enter the trade. I need all indicators bullish. I will monitor each day for potential entry. Group 2 Group 2 provided limited commentary. This week, I chose bullish short/intermediate-term potentials. ACAD Short-Term Bullish Close: $2.03 Volume: 4,063,631 Target: 3.40 to 3.90 short/intermediate term 6.00 long-term This has been a good swing trade last week; I plan another attempt this week. Friday's candlestick is a Black Spinning Top added to Thursday's which creates a Bullish Matching Low. This pattern can indicate a reversal which allows me to monitor for quick entry. You can see the downward gap looking at the chart. My strategy is to trade the gap back up. Criteria confirmation on Tuesday to open position: 1. if market gaps up - benchmark will be the opening price. If price stays above the opening price, I can go long. 2. if market opens flat, I will use Friday's close of2.03 as the benchmark. If price stays above .2.03 I can go long (still need vol present, confirm STO, news) I can load 1/2 or 1/3 pos as example. 3. I may wait until the complete formation of Monday's candlestick for further confirmation to open or add to position. Confirmation would be a white (green) candlestick above Friday's close 2.03. DNN Bullish Continuation Wedge Intermediate-Term Bullish Close: 1.47 Volume: 711,692 Target Price Range: $2.80 - $3.10 Pattern Duration: 88 days Friday's candlestick is the White Opening Marubozu. Again,I provided this information just to impress you. Basically, this shows that prices continued to go up all day longafter the open.Price did not fall below the opening level forming a long white body. Note however, that price did not close at the high of the day - we see an upper shadow. I do not wish to keep my money tied up while I determine which way this stock is headed before it makes its upward move. I may set my buy limit at 1.57, for example, to ensure the move is upward with strength. I may give up a little profit (1.47 to 1.57) but I confirm the move and lessen my chances of a slight upward move to 1.49 and then back down. MDOR Intermediate-Term Bullish Close: $1.17 Volume: 2,996,136 Target Price Range: $2.10 - $2.30 Pattern Duration: 89 days This chart has several patterns simultaneously, which creates another potential high probability scenario. Friday's long white (green) candlestick further confirms this as a potential. I may set my buy limit order at 1.24 to 126 to confirm the upward move. MERC Flag (Bullish) Event Date: Opportunity Type: Short-Term Bullish Close: 3.19 Volume: 793,721 Target Price Range: $5.10 - $5.60 Pattern Duration: 7 days This has been a good swing trade last week; I plan another attempt this week. Friday's white (green) candlestick indicated normal buying pressure. Added to Thursday's bullish candlestick (with small upper shadow), I see a potential. OTCBB and Small Cap Break-out/Scalp Potentials DNE Small cap playing off the oil moves from last week (Did anyone else play EXXI with me?) looking for 75% to 100% potential Friday's long white (green) candlestick is bullishafter consolidation period Close .15 Target: .25 to .30 EPEX another play on oil US futures are up today Close .50 We have our 50 SMA tap with Friday's long white (green) bullish candlestick Target for scalp: .60 plus LEHMQ Friday's black candlestick - not quite a doji but I can see potential. The stock has already gainedapprox 173% in the last 10 trading sessions. This is the classic bull pullback pattern. (trading around 62% retracement) Some consolidation is still to be expected. Target is .24 and .32 (short-term resistance levels) and beyond should it break above resistance. I have several ways to trade the next break-out (set my buy limit at .23 GTC - monitor each evening to adjust) or scalp/swing it while in consolidation if the ATR (avg true range) permits enough margin for profit. Confirmation of buy: 1. white (green) candlestick on upward gap 2. white (green) candlestick closing Tues above Friday's close (.142) 3. vol remains or increases XOMA I have maintained a small position for about a month Am looking to add this week they have several conferences this week - if news leaks out, this stock likes to run We have a nice symmetrical triangle This stock is poised to move Target: 1.20ish

Wait-Watch-Wonder-Wail

@copperstl — Thu, 03 Sep 2009 2:45:15 GMT

We all know the market doesn't do what we "wish" it would! How manywere caught on the high side of the low days this week? I hope it wasn't you. Historically, the September sell-offs create awesome buying opportunities. However, if you're without cash, all you can do is wish you had played trades differently.I have continually remindedtraders to maintain some cash on the sidelines these past few weeks in our Tweet and Trade/email set-ups and commentary. The marketgenie doesn't grant us three wishes SO be prepared. Many times, I am asked how to determine when to take profits.New traders are so often optimists, believing their stock will go back up, as they helplessly watch their gains decline. You can pray to the stock gods (no pun intended @stockgod), talk to them, wine and dine your broker or your Mother-in-law, but trust me, it won't help. Shortof rubbing the magic lamp, traders wait, watch, wonder, and wail. (I don't know, @celtsfan348/Music Man we may be able to turn those into dancesteps? wait-watch-wonder-wail...gotta be a song for that!) Understand our US market is rewriting history its way. Times are different; the markets are different; today's traders are different. Learn which signals to watch for direction to offer you the cutting edge for the next trading session. Monitor the futures; watch the US dollar.For example, a stronger US dollar can indicate a weaker market open; conversely,a weakerUS dollar can signal a stronger market opening session. Stay in the pocket of traders you trust. Manypeople are following and recommending traders that haven't been been through the seasons of the stock market. It is both costly and dangerous. Find out how long someone you are following has been trading. Don't stash your cash on the "picks" from someone that's hit a few home runs. Bypass experience and you'll need a by-pass. The stock market is real; it doesn't care how experienced or new you may be as a trader. Nor does it care that you are trading your retirement, your house payment, or your last dollar. If I could make one wish, it would be to combine education and experience into one software package a trader could purchase NOW. No, utilize free!It's my wish, let's make it free! Don't re-invent the wheel with the experience and knowledge you have access to in our community. Do understand your due diligence, andrecognize the top traders are top traders for a reason. Tap into that knowledge stream. Other community members bring research to the table - take a serving from some of ourtop researchers:@jweaving @Urbane-gorilla @MarketNut @BigD7007. They will help you findfurther information. Yet other members blow the trumpet of the calvary alerting us to quick movers or potential break-outs: @docking @TryTheWine @joe_555555 @Trophykw. Each of you may participate. Itrequires knowledge, experience, research, watching the markets, andmonitoring the news to make profitable trades. This community brings people together with various talents to assist in these areas. Get involved! Stay focused Team! We can be successful together. On a personal note,thanks for your support thisweek! ATAD! (Another Trade Another Day) Leigh

HUmpDay

@kunal00 — Wed, 02 Sep 2009 13:29:36 GMT

Yesterday was an intersting day. Like so many times in my life I was caught with my pants down. After the silly report yesterday I was for sure we were going guns blazing........WRONG. Dow: -1.96%Nasdaq: -2.00% S&P 500: -2.21% Russell 2000: -2.45% I took losses at the end of the day for the first time in 6 weeks. I almost had forgotten what it was like to lose. Not because bad stop picks though for I do not make mistakes. I took losses because of ego, bad trademanagement, and an untimely #2. Let me take you into the mind of messed up trader: Kunal00 buys $scln at 4.95----scln goes to 5.35 in 10 minutes. My risk on the trade was 5 cents. So I had a 7:1 r/r ratio which is very very good. Kunal says to himself "thats only 7% i cant say boooooooooom" so I keep it and and up selling for ten cent profit. Not good trade management Kunal00 buys $edap 4.35 for a little scalp. Goes to 4.55 in 10 minutes. Kunal says tohimself "thats only 5% I cant say boooooooooooooooooooooooooom" Now Im down a couple pennies on this thing. Dont even let me tell you the story of how I forgot to set a stop loss and went to take a piss and my number 1 turned into a number 2 and I sat around reading vogue for ten minutes. All in all I sold some $heb $yrcw for some decent gains but took losses on $luv(-6%) and some other b.s. names. Oh well....you slam your dick in a drawer your bound to get bruised. Im not a big buyer here at this level as I see no huge edge. At least for swingtrades. We get another big down day and I will start making moves. Keep an eye on $uso it is very stretched traditionally when it gets this oversold the last 6 months there has been a nice snap back.

The Bears are Girly Men

@kunal00 — Tue, 01 Sep 2009 2:51:54 GMT

Well the market ran into a death spiral of a big honking .8% I must admit while i watched tv this morning from mydiamond studded porcelian throne I took much glee in seeing the minor meltdown in China (even though I own a host of chinese bunk names). From watching the news you would have thought that the Chinese gave up their newfound lives of transfats, bmw's, and hi-rise living to go back to feudal living.Our dear Chinese friends are down damn near 25% in their markets in 2weeks which is a slight cause of concern except for one fact. I dont live in China and Im Kunal00(2facts). Think about this market for the last couple months.Every dip has been bought. Why change the gameplan till its necessary. I got giddy thinking about all the FAZfuckers ready to bolt the country at the first sign of weakness probably to the north into the arms of a moustached mountee (not that there is anything wrong with that). Bull/Bear these are all just silly labels. Just know this before you go to bed......that in the face of darkness Kunal00 bought stocks like a man. For he is the defender of truth and embodies all that is good about this nation. $etfc 1.64 $heb 2.05-Sold 1/3 at 2.21 Sold 1/3 at 2.32 $nep 4.78 Also covered my 1/2 my$snda Short 47.80 from 51.75 wooohoo wooohooo $yrcw sold 1/3 2.56 sold 1/3 2.68 from 2.06 buy aaaaaah but my near perfect day was ruined AGAIN by a nasty little penny stock named MESA. For now the 3rd time in 2 weeks Ive been "CORS"d. At the closing bell I was down 10% but intraday this sad sack stock had me down 14%. I very nearly wished amoebic dysentary on the two yokels who kept mentioning it to me(but i didnt since they are both my good friends). I wont mention any names but @gitterdnn and @forevercaroline might be the culprits!But I did not sell as I think I have found out how this stock trades so I will attemp a houdini like move tomorrow and see if it works. In the end my ego got the best of me in MESA but as always I came ahead

Tweet and Trade Aug 31

@copperstl — Sun, 30 Aug 2009 20:24:34 GMT

Comments for this week are on the first tab of the workbook. I am not focused on merely giving out "picks"...I feel my calling is education. You will see me narrow down the stock field to teach HOW to trade. Please email leigh@bullson.ws if you need: the Excel workbook emailed to you access to my quick course (for beginners) need to be added to the email distribution route needme topaste the worksheets in your email (for those without Excel, etc) Set-ups Workbook Week of Aug 31For those just joining:Group 1 - you now have ongoing Trade Management and New tabs to work.Group 2 - you have Group 1 plays with Group 2 Trade Management and New tabs.Please let me know if you have any questions or if I need to email you the tabs in the body of an email. I'll build an email route as we go to help those without Excel. If you have gmail, it can be opened as a google document.Group 1 Reminder: for our exercises we choose stocks less than $7/$8. We choose stocks that meet the strategy criteria per the spreadsheet. If one piece is absent, I don't enter the trade.We want high probability trades.This week, I encourage you to study and note the patterns I describe. If you are building a spreadsheet, note the pattern with the set-up and result. If you chart these patterns and outcomes, you will notice the patterns you are more drawn to as a trader.**As a stats person, I am all about repeatability and reproducibility (Gage R/R) for any of you Engineers, Six Sigma, Quality or Math people.For example, I like bull flags for swing trades and continuation patterns for positions plays.You must understand these basic patterns before moving to Group 2 as we will add advanced charting as we progress. Although I am providing these basic patterns and criteria which work as strategies, I have many advanced components filtered in my number crunchin' on the backside to ensure even higher success rates of high probability trades. We'll add those as well.Group 2Group 2 trades are less than $5 purposely to learn trade management/market timing. We choose momentum plays.We open 1/3 to 1/4 pos, if the price drops, (sale price) we add to our position, and repeat until we are fully loaded for a break-out or attain target. (scale in)We are learning how to scale in and scale out of positions. Remember to lock profits along the way. Shave off 1/2 or 1/3 position to take profits. (scale out) Swing trades can day 3 to 10 days to materializePosition trades take up to a few months; we do take profits along the way.Sell the Rips - Buy the Dips Use Finviz.com to pull the daily chart for a quick viewNotice the candle formations Look at the 7, 20, 50, and 200 moving averages for direction/cross-over/tapsPull the RSI, STO, and MACD for confirmation (begin to chart which indicator is the most accurate and pinpoint timing)Market Timing is the key to trading. Leigh

Another great post from a follower of Bulls!

@stockgod — Fri, 28 Aug 2009 20:57:21 GMT

We received this heartfelt letter from @RavenIl - I thought it would be some nice weekend reading for you all. See you next week, hope you had a great one this week!I remember always wanting to get into stocks, but was always too scared…especially with all the horror stories you’d hear…”Man I’ve lost TONS of money in the market…What do you think? You think you could do better?”…so I never jumped in.Well, I got canned from work (by my cousin…yeah) in April of 08. Tried applying EVERYwhere I could think, and couldn’t get a damn job (still haven’t gotten one). I had some money saved up (not much at all mind you), and I asked my pops to match me, so I could dive in head first into the stock market…this was in February of 09.I got in with FRE and FNM at the time…and man did they do a number on me. I had our 2500 in, now keep in mind, I had NO CLUE as to what any thing was. Bull, bear, chart, long, short, trend, stops, entry, pullback, margin, etc etc…all the basic stuff a trader should know, was simply NOT in my vocabulary, or in the reference section of my brain…andddd because of that I was down to half of our money in ONE WEEK. Needless to say, I was shitting bricks. I just lost a bit of money, and I was thinking, “shit! I should pull what’s left out, and give it back to my pops”. I didn’t.I’m glad I didn’t too! I did a few side jobs and saved a few more bucks up, put more money in and I was at 5300 (after I broke even on FNM and FRE, I was in both @ .96). I started messing with FAZ thanks to Faztwats….wait, did I say that? Sorry, I meant StockTwits and again, had NO CLUE as to what an ETF or a bearish/bullish ETF was. I just put money in because everyone was talking about it…Luckily, I somehow managed to catch the eye of the one who is commonly known as “StockGod”, and was urged to get the hell out of FAZ because it’s not for those who don’t know what they’re doing…and so it begins.Being a new trader…I thought “well, I have no clue as to what I’m doing, maybe I should listen to this guy”, which is a risky thing to do…just listen to someone that could be eating a can of baked beans, sitting in a raggedy assed lazy boy in his stained to shit boxers…advising me what to do with what could potentially be my future. Butttt…I’m glad I listened! I still remember he said, “Get the hell out of FAZ and put money into something like PCX”…I’ve been up and down. In the first 2 months of trading I got that 5200 up to 9100, but never took profits because of my inexperience with Fear and Greed. Didn’t know what to do when, exits, entries, pullbacks, bull runs…etc. None of that stuff meant anything to me. Luckily, we all got banned one by one from StockTwits…and while it might be wrong for someone to say what they think sometimes…I say (edited: forget sw).The only good that came out of it was me meeting StockGod, ForeverCaroline, and Kunal00…legends in my book, and of course afterwards, the outcome of some of the bigger players getting banned, was BullsonWallStreet.com, which brought us even MORE people that aren’t just tweeting bullshit, but actually trying to help…Like CopperSTL and Urban_Ryno, I mean come on, where else could you meet people that actually take time out of their lives to help others understand what they’re getting into? In closing, the best I could tell anyone that is just getting into trading is, read…read, read some more, and if you can’t take it…breathe, don’t rush into anything.Fear and Greed will rob you of ALL OF YOUR HARD EARNED MONEY!!! Read some more after you’ve taken a breather, and read some more after that. Understand that what is happening right now with the markets isn’t normal. Set goals, know what you want out of a stock (be realistic), understand that you could sell at a desired point and it could sky rocket right after (put greed aside though). People are seeing %40, %50, %60 percent gains in minimal time. Don’t expect this from the future…at least that’s what I understand. Be patient. Learn as much at a pace that is efficient, absorb all that you can…and remember, in the wise words of CopperSTL (Leigh), ATAD (Another Trade Another Day)…

Position update-Kunal00 moves

@kunal00 — Fri, 28 Aug 2009 17:14:52 GMT

Been an active little morning.....This market just doesnt seem to want to give in an inch. As I search for some intelligable(if that even is a word)conversation about the markets I turn to the one brilliant man I know who will always give me the right answer. I say to myself what are the forward catalysts to take us the next leg up?.( I will touch on this in the coming weekend) The Brown Brad Pitt replies "who the fuck cares, go buy some stocks" So I did. Kunal00 adds $yrcw 2.06 $ct 2.81 $free 1.74and shorts $snda 51.70 Added in my intermediate swing account $rino 12.60 $pudz 4.30 I also sold out of my $ldk 9.30 (basically broke even. wasnt moving) Even though this has been a most majestic week and I have showered you numerous picks that have gone on to rocket 25-50%, I have made one eggregious error. Today Im getting "Cors"d by TEC. It is an evil little stock who took me too second base but never waved me home. As I sat on a 25% gain yesterday a certain evil evil canadian(who is also my best friend)whose name rymes with CockGod told me that I sell things too soon and I need to chill. So as TEC went up 35% in 1 day Isold a small amt and kept some for the homerun. Now Im down 11%. There is a cute little assistant here who is getting curry powder dusted into her eyes for watching this go down without saying anything. In the end the market is not going down.....there are fat hairy men wearing large square plastic glasses in NYC controlling every aspect of our lives. They have decided that the market will keep trucking so I keep buying the dips. For now......unless I change my mind.

Beginner Trader Webcast - Charting Basics

@copperstl — Wed, 26 Aug 2009 16:12:30 GMT

Wow! Thanks for the unexpected, yet exciting and supportiveparticipation Monday evening. Apparently, I didn't plan so well !! We filled up the first few minutes. Rest assured, we are dedicated to ongoing stock trading support and education. I'll try to have more availabilities for the next one.There are 2 parts for the session: Beginner Charting Basics Part 1 Part 2 Thank you again,Leigh.