http://www.bullsonwallstreet.com/blog.aspxThe latest posts from our professionalsCopyright 2009 BullsOnWallStreet.com. All rights reserved.Wed, 10 Mar 2010 23:05:04 GMTWed, 10 Mar 2010 23:05:04 GMTen@copperstlhttp://www.bullsonwallstreet.com/blog/post/DaughtersStarterAccount1monthupdate.aspxhttp://www.bullsonwallstreet.com/blog/post/DaughtersStarterAccount1monthupdate.aspxSat, 06 Mar 2010 23:33:55 GMTStarter 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  @stockgodhttp://www.bullsonwallstreet.com/blog/post/JimCramerwillbelateonChina.aspxhttp://www.bullsonwallstreet.com/blog/post/JimCramerwillbelateonChina.aspxSat, 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. @stockgodhttp://www.bullsonwallstreet.com/blog/post/CCMEvsVISN.aspxhttp://www.bullsonwallstreet.com/blog/post/CCMEvsVISN.aspxThu, 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?  @kunal00http://www.bullsonwallstreet.com/blog/post/33Kunal00BuysSells.aspxhttp://www.bullsonwallstreet.com/blog/post/33Kunal00BuysSells.aspxWed, 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       @kunal00http://www.bullsonwallstreet.com/blog/post/MOMOStocks332010.aspxhttp://www.bullsonwallstreet.com/blog/post/MOMOStocks332010.aspxWed, 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 @copperstlhttp://www.bullsonwallstreet.com/blog/post/WhatistheBlackPassTradingFloorforOptions.aspxhttp://www.bullsonwallstreet.com/blog/post/WhatistheBlackPassTradingFloorforOptions.aspxMon, 01 Mar 2010 23:16:50 GMT                                                                                Black Pass Quick vid overview: http://screenr.com/fCh                                                                                                                                                                                                                                                                                                                                                                                                                 @copperstlhttp://www.bullsonwallstreet.com/blog/post/MayIshowoffmyshorts.aspxhttp://www.bullsonwallstreet.com/blog/post/MayIshowoffmyshorts.aspxMon, 01 Mar 2010 16:27:53 GMTPart-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 @copperstlhttp://www.bullsonwallstreet.com/blog/post/FreeBronzeSetupsforweekofMarch1.aspxhttp://www.bullsonwallstreet.com/blog/post/FreeBronzeSetupsforweekofMarch1.aspxSun, 28 Feb 2010 17:29:28 GMTBronze 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 @stockgodhttp://www.bullsonwallstreet.com/blog/post/MoneyQuotesfromSyntroleum.aspxhttp://www.bullsonwallstreet.com/blog/post/MoneyQuotesfromSyntroleum.aspxSat, 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.      @urbanrynohttp://www.bullsonwallstreet.com/blog/post/ANoteOnHLCS.aspxhttp://www.bullsonwallstreet.com/blog/post/ANoteOnHLCS.aspxFri, 26 Feb 2010 21:54:20 GMTThis 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=p10832091529 You 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.   @urbanrynohttp://www.bullsonwallstreet.com/blog/post/BusyEconomicCalendarDayTomorrow.aspxhttp://www.bullsonwallstreet.com/blog/post/BusyEconomicCalendarDayTomorrow.aspxFri, 26 Feb 2010 1:50:36 GMTGDP: 8:30am ETdetails prior   consensusrangeReal GDP - Q/Q change - SAAR5.7 %5.7 %5.4 % to 6.0 %GDP price index - Q/Q change - SAAR0.6 %0.6 %0.6 % to 0.7 % Chicago PMI: 9:45am ET   details prior   consensusrangeBusiness Barometer Index - Level61.5 60.0 55.8  to 64.3   Consumer Sentiment: 9:55am ET details priorconsensusrangeSentiment Index - Level               73.7 73.7 73.0  to 75.0   Existing Home Sales: 10am ETdetails prior     consensusrangeExisting Home Sales - Level - SAAR5.45 M5.500 M5.340 M to 5.750 M  @kunal00http://www.bullsonwallstreet.com/blog/post/CheckyourOIL.aspxhttp://www.bullsonwallstreet.com/blog/post/CheckyourOIL.aspxMon, 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  @copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforweekofFeb22.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforweekofFeb22.aspxSun, 21 Feb 2010 23:29:59 GMTBronze 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 approx 9 trading days ago.   Thursday/Friday Feb 12,  noted I was looking for an additional 150 point bounce. I realized yesterday that is complete. If I take the mid number of 10250 (mid number of  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. <smile>     Happy Trading !   Leigh     @stockgodhttp://www.bullsonwallstreet.com/blog/post/EGMITooGoodtobeTrue.aspxhttp://www.bullsonwallstreet.com/blog/post/EGMITooGoodtobeTrue.aspxSun, 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.           @kunal00http://www.bullsonwallstreet.com/blog/post/WED2172010Watchlist.aspxhttp://www.bullsonwallstreet.com/blog/post/WED2172010Watchlist.aspxWed, 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      @kunal00http://www.bullsonwallstreet.com/blog/post/Above5dollarMOMOstocks2162010.aspxhttp://www.bullsonwallstreet.com/blog/post/Above5dollarMOMOstocks2162010.aspxTue, 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, VLTR   I 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 breaks  One 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 etc  If 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.     @copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforweekofFeb15.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforweekofFeb15.aspxSun, 14 Feb 2010 18:05:39 GMTHi 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 on shorter 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 are a combination of virtual/live but are learning 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 also creates 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 is full of the 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 1k or 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 no real dollars are used for the first several months. Most don't wait that long; (smile) I rarely have students that will wait that long without dipping their toes into live trades.  Incidentally, statistics indicate that  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 to continue your education. It will help you down the road as the market 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 how to 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 you for sharing your life with me,     Leigh    Facebook: copperstl Leigh Jones (my BULL$ trading page) www.bullsonwallstreet.com               @kunal00http://www.bullsonwallstreet.com/blog/post/5dollarMOMOstocks.aspxhttp://www.bullsonwallstreet.com/blog/post/5dollarMOMOstocks.aspxFri, 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 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.  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 etc  If 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 @stockgodhttp://www.bullsonwallstreet.com/blog/post/StayBullishonChina.aspxhttp://www.bullsonwallstreet.com/blog/post/StayBullishonChina.aspxWed, 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. @stockgodhttp://www.bullsonwallstreet.com/blog/post/SeasonalityFear.aspxhttp://www.bullsonwallstreet.com/blog/post/SeasonalityFear.aspxTue, 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          @kunal00http://www.bullsonwallstreet.com/blog/post/MOMOstocks282010.aspxhttp://www.bullsonwallstreet.com/blog/post/MOMOstocks282010.aspxMon, 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 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.  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 etc  If 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 Here are some favs  that look like they are going to breakout again.  $uaua $spu $xtex $mspd $IVAN -- These stocks will mostly like breakout today or tomorrowhttp://bit.ly/9DGrSq@copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsWeekofFeb8.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsWeekofFeb8.aspxSun, 07 Feb 2010 0:06:24 GMT Hi Trading Family!   Bronze Set-ups Week of Feb 8    Anybody feel seasick from last week's market action?  The market gain a fraction of a percent on Friday. At one point, I was wearing my "shorts" as the DOW was down over 170 points. Before I could zip up, I am shedding my shorts for a pair of "longs"!!!   Days like this make my life as a day trader a dream come true.   That being said, the market isn't done with its games yet. Most of you know, I don't make predictions. I build ratios based of "what-if" so I am ready for anything the market tosses out.   I am too protective over your cash this week-end to release a huge watchlist until I have more time "at sea" on Monday.    Repeatedly since Jan 20, I have urged new or unsure traders to stay high cash and on the sidelines unless you know what you are doing. Those same people should be active "virtually" for lessons learned. If you can trade in this environment, you will be a better trader for it.   Some of you think this is still easy -- you believe you have found the miracle system. I thought that too at one point, but I've learned to respect Mother Market and her Marketeers! Others watch me move around in trades and decide to follow without knowing how to manage said trades.  That is a dangerous and costly lesson.   Jan 20 was a turning point for the market  --that places me in a different mode as trader/investor.  My position sizes are smaller, my time frames are shorter and for valid reasons.   Forgive me if I don't shout the banner of the bulls or the bears this weekend. I have my suspicions; however, it is of no matter, I will still trade each day with what the market gives me.   Facebook: copperstl Leigh Jones (my BULL$ trading page) www.bullsonwallstreet.com              @copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsEveningFeb2.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsEveningFeb2.aspxWed, 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    @kunal00http://www.bullsonwallstreet.com/blog/post/Kunal00BuysSells222010.aspxhttp://www.bullsonwallstreet.com/blog/post/Kunal00BuysSells222010.aspxTue, 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"       @copperstlhttp://www.bullsonwallstreet.com/blog/post/SetupsforWeekofFeb1.aspxhttp://www.bullsonwallstreet.com/blog/post/SetupsforWeekofFeb1.aspxSun, 31 Jan 2010 22:46:30 GMTWell 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! @copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforJan25week.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforJan25week.aspxSun, 24 Jan 2010 17:06:45 GMTHappy 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@urbanrynohttp://www.bullsonwallstreet.com/blog/post/LaserFocus.aspxhttp://www.bullsonwallstreet.com/blog/post/LaserFocus.aspxSat, 23 Jan 2010 18:26:10 GMTKaboom.. 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.@kunal00http://www.bullsonwallstreet.com/blog/post/KUNal00BuysSells2010Jan22.aspxhttp://www.bullsonwallstreet.com/blog/post/KUNal00BuysSells2010Jan22.aspxFri, 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@stockgodhttp://www.bullsonwallstreet.com/blog/post/Wellwishersareawesomehatersnotsomuch.aspxhttp://www.bullsonwallstreet.com/blog/post/Wellwishersareawesomehatersnotsomuch.aspxFri, 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 believe when you make green on a red day it's awesome ---- days like this separate the leaders from the herd. I also believe this 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 bother aggravating the 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 are genuinely looking 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.   @stockgodhttp://www.bullsonwallstreet.com/blog/post/MyHealthcareCompanyBlog.aspxhttp://www.bullsonwallstreet.com/blog/post/MyHealthcareCompanyBlog.aspxThu, 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! @copperstlhttp://www.bullsonwallstreet.com/blog/post/FewStocksonmyradar.aspxhttp://www.bullsonwallstreet.com/blog/post/FewStocksonmyradar.aspxThu, 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. @kunal00http://www.bullsonwallstreet.com/blog/post/MOMOstocks1202009.aspxhttp://www.bullsonwallstreet.com/blog/post/MOMOstocks1202009.aspxWed, 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 XTEX  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. http://bit.ly/8LUPYT Few 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 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.  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 etc  If 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 stocks A lot of these stocks can be swung as they are sitting on support $rev $gol many are ready to bounce if you dont trade breakouts Here 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: @stockgodhttp://www.bullsonwallstreet.com/blog/post/ThereisnosuchthingasanOracle.aspxhttp://www.bullsonwallstreet.com/blog/post/ThereisnosuchthingasanOracle.aspxWed, 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! @copperstlhttp://www.bullsonwallstreet.com/blog/post/FreeBronzeSetupsforweekofJan19.aspxhttp://www.bullsonwallstreet.com/blog/post/FreeBronzeSetupsforweekofJan19.aspxSun, 17 Jan 2010 2:56:10 GMTHi 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)@stockgodhttp://www.bullsonwallstreet.com/blog/post/FirstvideointerviewsinceIcameoutofhiding.aspxhttp://www.bullsonwallstreet.com/blog/post/FirstvideointerviewsinceIcameoutofhiding.aspxFri, 15 Jan 2010 20:56:12 GMTCheck out the interview with me since I came out of hiding.... Business Tips via Mixergy, home of the ambitious upstart! @kunal00http://www.bullsonwallstreet.com/blog/post/1132009.aspxhttp://www.bullsonwallstreet.com/blog/post/1132009.aspxThu, 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 $rpc   _________________________________________________________________________               @copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforJan14.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforJan14.aspxThu, 14 Jan 2010 2:02:30 GMTWeekly update and new releases! Have a great week---- Premium BRONZE Set-ups Jan 14.pdf This is only a fraction of picks provided by  team BULL$ 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. @kunal00http://www.bullsonwallstreet.com/blog/post/TaxLossSellingPlaysJanuary.aspxhttp://www.bullsonwallstreet.com/blog/post/TaxLossSellingPlaysJanuary.aspxWed, 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 etf does 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 $banr a 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               @stockgodhttp://www.bullsonwallstreet.com/blog/post/BallsofSteel.aspxhttp://www.bullsonwallstreet.com/blog/post/BallsofSteel.aspxWed, 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 total amateur mistake.   No one expected a secondary, especially during a warrant overhang.  There is nothing amateurish about 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: @kunal00http://www.bullsonwallstreet.com/blog/post/1132009MOMOstocks.aspxhttp://www.bullsonwallstreet.com/blog/post/1132009MOMOstocks.aspxWed, 13 Jan 2010 14:21:54 GMTADES 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 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.  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/7ssMVH 2 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 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.  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 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.  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  Here 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:    @copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforweekofJan11.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforweekofJan11.aspxSat, 09 Jan 2010 19:40:28 GMTHope 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.@stockgodhttp://www.bullsonwallstreet.com/blog/post/TheCreationofBulls.aspxhttp://www.bullsonwallstreet.com/blog/post/TheCreationofBulls.aspxThu, 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! @copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforJan6.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforJan6.aspxWed, 06 Jan 2010 3:08:29 GMTHappy 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 @stockgodhttp://www.bullsonwallstreet.com/blog/post/Cuttingoutthenoise.aspxhttp://www.bullsonwallstreet.com/blog/post/Cuttingoutthenoise.aspxTue, 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@copperstlhttp://www.bullsonwallstreet.com/blog/post/SilverandGoldandBlack.aspxhttp://www.bullsonwallstreet.com/blog/post/SilverandGoldandBlack.aspxTue, 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$ @kunal00http://www.bullsonwallstreet.com/blog/post/MarketRecap15Watchlist.aspxhttp://www.bullsonwallstreet.com/blog/post/MarketRecap15Watchlist.aspxTue, 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 spot for 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  KEG  All 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. @stockgodhttp://www.bullsonwallstreet.com/blog/post/Itotallyscreweduptoday.aspxhttp://www.bullsonwallstreet.com/blog/post/Itotallyscreweduptoday.aspxMon, 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 $13,000 today in realized gains, and added to a number of positions.     Stick to your convictions, and what you know best.  If you don't know then find the best people who do, drop the ego, and follow them.  Let this be a lesson to you, don't over research stuff on the weekend. Unplug. I should have listened to @hedgieguy when he hinted we should stay away from stocks this weekend.            @copperstlhttp://www.bullsonwallstreet.com/blog/post/Whatsinyourwallet.aspxhttp://www.bullsonwallstreet.com/blog/post/Whatsinyourwallet.aspxSat, 02 Jan 2010 20:53:09 GMTSurely I am not the only trader excited about 2010!  Fact is, everyday, I can't wait for the trading day start and I certainly don't expect my sentiment to change simply because we rolled into a new year.    BULL$ has been a blessing in 2009.  When I sent my first tweet, 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 Urban Ryno -so I didn't tweet him until much later and braver.     Besides my brothers, the BULL$ 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 to build 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 me as I continue 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! <smile>)  Nonetheless,  you will take my concepts and move on.  Others will take my "free" information (which I happily 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. While some 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 to say 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 or people 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 is a difference between answering a few questions and really teaching someone a new vocation. That's where you 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 stocks should 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 individuals seeking 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). We opened the Black room Monday Dec 28th -one week ago--really a few months earlier than expected. But our community requested it....we listened.  Classes are 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 options and complex options traders -- we will be able to accommodate you as well. However, I felt I 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 with a live trader many years ago. Wall Street isn't cheap.   So, Happy New Year trading 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 that we 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 financespeople with a new hope and excitementquality of life enhancements for their familiesthe ability to leave stressful, unfulfilling, or underpaid jobsflexibility 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 othersbuilding 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    @stockgodhttp://www.bullsonwallstreet.com/blog/post/Meetrahulsood.aspxhttp://www.bullsonwallstreet.com/blog/post/Meetrahulsood.aspxFri, 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...  @kunal00http://www.bullsonwallstreet.com/blog/post/Dec29BuyListMarketRecap.aspxhttp://www.bullsonwallstreet.com/blog/post/Dec29BuyListMarketRecap.aspxTue, 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   $simg a 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 & GAs   Also am looking at $kog and $ent for evidence of a breakout. Short $rig  tags: RIG, KOG, ENT, SPY, QQQQ, IVAN, SIMG, TRID, SRZ, NEP, SYNM @stockgodhttp://www.bullsonwallstreet.com/blog/post/AnotherupdateonNEPandSYNM.aspxhttp://www.bullsonwallstreet.com/blog/post/AnotherupdateonNEPandSYNM.aspxMon, 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 dip I 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.                      @copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforDec28andMarketHours.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforDec28andMarketHours.aspxSat, 26 Dec 2009 20:12:43 GMT New Year's Eve and New Year's Day                                 Thursday, 12/31/2009 9:30AM - 4:00PM EST                                     Friday,  01/01/2010 CLOSED   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, 12/31/2009 9:30AM - 4:00PM EST                                     Friday,  01/01/2010 CLOSED   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 opportunities for 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 during each 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 are newer stock trader, you'll wish to focus stocks in the New Trader room (our current room).   If you are a new options 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'll toss out stock trades as well. So...less stock dialog and assistance, but plenty of options discussions.   RECAP: Black Pass provides access to both rooms. Options trades and education, along with stock picks, will be focus in the Black or "active trader" room.   We will continue to practice a virtual option set-up each month in the current room and will help new traders with stocks will Silver and Gold memberships. @stockgodhttp://www.bullsonwallstreet.com/blog/post/DoNotOpenUntilChristmasUpdate.aspxhttp://www.bullsonwallstreet.com/blog/post/DoNotOpenUntilChristmasUpdate.aspxThu, 24 Dec 2009 18:50:49 GMTHi 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.... @stockgodhttp://www.bullsonwallstreet.com/blog/post/Thankyouforbelievinginusin2009.aspxhttp://www.bullsonwallstreet.com/blog/post/Thankyouforbelievinginusin2009.aspxTue, 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! @copperstlhttp://www.bullsonwallstreet.com/blog/post/SetupsforWednesdayDec23.aspxhttp://www.bullsonwallstreet.com/blog/post/SetupsforWednesdayDec23.aspxTue, 22 Dec 2009 3:11:57 GMTContinued 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 -unless I am trading 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 more about this on a free webinar to premium)     Close: 1.67 Entry: 1.69 Target: 1.79 to 1.84              @copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforDec23andMarketHours.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforDec23andMarketHours.aspxSat, 19 Dec 2009 18:17:04 GMTRemember....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 Christmas                                                          Thursday, 12/24/2009 9:30AM - 1:00PM EST                                       Friday, 12/25/2009 CLOSED                                                     New Year's Eve and New Year's Day                                 Thursday, 12/31/2009 9:30AM - 4:00PM EST                                     Friday,  01/01/2010 CLOSED Bronze Set-ups Dec 21   Sc = Scalp Sw = Swing IntSw= Intermed Swing LgSw = Longer swing Short = Short   Symbol Strategy Close Entry Target 1 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)               @kunal00http://www.bullsonwallstreet.com/blog/post/MOMOSTOCKS1218.aspxhttp://www.bullsonwallstreet.com/blog/post/MOMOSTOCKS1218.aspxFri, 18 Dec 2009 14:10:55 GMTAMD 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   @kunal00http://www.bullsonwallstreet.com/blog/post/Kunal00BuysSells.aspxhttp://www.bullsonwallstreet.com/blog/post/Kunal00BuysSells.aspxWed, 16 Dec 2009 20:52:03 GMTMarket 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         @kunal00http://www.bullsonwallstreet.com/blog/post/MOMOStocksWatchlist1216.aspxhttp://www.bullsonwallstreet.com/blog/post/MOMOStocksWatchlist1216.aspxWed, 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@kunal00http://www.bullsonwallstreet.com/blog/post/1215RecapTopoftheRange.aspxhttp://www.bullsonwallstreet.com/blog/post/1215RecapTopoftheRange.aspxWed, 16 Dec 2009 2:18:49 GMTrange, 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.   @copperstlhttp://www.bullsonwallstreet.com/blog/post/WatchlistforWedDec16.aspxhttp://www.bullsonwallstreet.com/blog/post/WatchlistforWedDec16.aspxWed, 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   @stockgodhttp://www.bullsonwallstreet.com/blog/post/HowaSecondaryOfferingShouldWork.aspxhttp://www.bullsonwallstreet.com/blog/post/HowaSecondaryOfferingShouldWork.aspxTue, 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 from imminent death, 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 the financiers were 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.   @copperstlhttp://www.bullsonwallstreet.com/blog/post/MondayMarketReviewDec14.aspxhttp://www.bullsonwallstreet.com/blog/post/MondayMarketReviewDec14.aspxTue, 15 Dec 2009 0:32:37 GMTAfternoon trading was a sideways let down after watching positive open action 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 notice financials received their boost from Citigroup's release of confirmation they would repay back the government life support loan (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.@copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeTeachingSetupsDec14Groups1and2.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeTeachingSetupsDec14Groups1and2.aspxSat, 12 Dec 2009 20:14:55 GMTBronze 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, given this 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" ~@stockgodhttp://www.bullsonwallstreet.com/blog/post/UpdateonSYNMSyntroleum.aspxhttp://www.bullsonwallstreet.com/blog/post/UpdateonSYNMSyntroleum.aspxFri, 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 their Louisiana plant.  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 real tangible numbers 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.  @kunal00http://www.bullsonwallstreet.com/blog/post/MOMOStocks12112009.aspxhttp://www.bullsonwallstreet.com/blog/post/MOMOStocks12112009.aspxFri, 11 Dec 2009 13:34:33 GMTAIXG 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/7prj09 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? 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.         @kunal00http://www.bullsonwallstreet.com/blog/post/Dec9thMarketrecap.aspxhttp://www.bullsonwallstreet.com/blog/post/Dec9thMarketrecap.aspxThu, 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, $xrtx (on pullback)              @copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforDec9.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeSetupsforDec9.aspxWed, 09 Dec 2009 2:23:10 GMT$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      @copperstlhttp://www.bullsonwallstreet.com/blog/post/TuesdayMarketReviewDec8.aspxhttp://www.bullsonwallstreet.com/blog/post/TuesdayMarketReviewDec8.aspxWed, 09 Dec 2009 0:06:10 GMTTuesday 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, showed sectors took a beating during today's trading session, but not before showing traders they can move up and down and all over the board in a 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 are the BULLS community .....live traders .....all day ..everyday.      @stockgodhttp://www.bullsonwallstreet.com/blog/post/HowtoincreaseyourBullsInfluence.aspxhttp://www.bullsonwallstreet.com/blog/post/HowtoincreaseyourBullsInfluence.aspxTue, 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. @copperstlhttp://www.bullsonwallstreet.com/blog/post/MondayMarketReview.aspxhttp://www.bullsonwallstreet.com/blog/post/MondayMarketReview.aspxTue, 08 Dec 2009 0:35:22 GMTMonday brought low volume and low momentum to the market as it remained up and down in a trading 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 improvements resulting from unemployment and 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 serving outside 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      @stockgodhttp://www.bullsonwallstreet.com/blog/post/TimelessInvestingIstheresuchathing.aspxhttp://www.bullsonwallstreet.com/blog/post/TimelessInvestingIstheresuchathing.aspxSun, 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 due diligence.   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.  @copperstlhttp://www.bullsonwallstreet.com/blog/post/ConfirmationCriteriaNotesfromCopperstl.aspxhttp://www.bullsonwallstreet.com/blog/post/ConfirmationCriteriaNotesfromCopperstl.aspxSat, 05 Dec 2009 21:35:04 GMTCheck 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.  @copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeTeachingSetupsDec7Group1and2.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeTeachingSetupsDec7Group1and2.aspxSat, 05 Dec 2009 20:54:05 GMTBRONZE Teaching Set-ups Groups 1 and 2. Dec 7.pdf@kunal00http://www.bullsonwallstreet.com/blog/post/MomoStocks.aspxhttp://www.bullsonwallstreet.com/blog/post/MomoStocks.aspxFri, 04 Dec 2009 14:25:38 GMTAIXG  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 XRA 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 (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 day brown brad pitt @kunal00http://www.bullsonwallstreet.com/blog/post/TradingRightAtResistance.aspxhttp://www.bullsonwallstreet.com/blog/post/TradingRightAtResistance.aspxWed, 02 Dec 2009 17:39:55 GMTJust 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.                         @copperstlhttp://www.bullsonwallstreet.com/blog/post/WedDec2WatchlistBronze.aspxhttp://www.bullsonwallstreet.com/blog/post/WedDec2WatchlistBronze.aspxWed, 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/Day Trade   GBG  target: 1.73 to 1.75   Swing PIR          target:   4.50 to 5.00    @kunal00http://www.bullsonwallstreet.com/blog/post/Monday1130Watchlist.aspxhttp://www.bullsonwallstreet.com/blog/post/Monday1130Watchlist.aspxMon, 30 Nov 2009 5:50:36 GMTWell 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    @stockgodhttp://www.bullsonwallstreet.com/blog/post/DubaitheHouseofCardswesawcoming.aspxhttp://www.bullsonwallstreet.com/blog/post/DubaitheHouseofCardswesawcoming.aspxFri, 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 "jailhouse buses" 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 Russian Oligarchs and 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 the verge of 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 big BioDiesel and 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.  @kunal00http://www.bullsonwallstreet.com/blog/post/ChopChopChop.aspxhttp://www.bullsonwallstreet.com/blog/post/ChopChopChop.aspxWed, 25 Nov 2009 2:51:05 GMTWell 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 as Penny Pumper week 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 it in 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.  Stop a 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 @urbanrynohttp://www.bullsonwallstreet.com/blog/post/EconomicDataGoneWild.aspxhttp://www.bullsonwallstreet.com/blog/post/EconomicDataGoneWild.aspxMon, 23 Nov 2009 0:34:49 GMTOk, 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 AM ET Personal Income and Outlays8:30 AM ET Jobless Claims8:30 AM ET@stockgodhttp://www.bullsonwallstreet.com/blog/post/ThesoontobeInfamousCHOPearningscall.aspxhttp://www.bullsonwallstreet.com/blog/post/ThesoontobeInfamousCHOPearningscall.aspxFri, 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" was embarrassing - 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. Focusing on 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 I picked up 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 of cereal.  Sometimes when investing arguing about semantics is meaningless.  See you at $10.  Find $CHOP earnings here.  @stockgodhttp://www.bullsonwallstreet.com/blog/post/GetyourBullsOnWallStreetDesktopBackgrounds.aspxhttp://www.bullsonwallstreet.com/blog/post/GetyourBullsOnWallStreetDesktopBackgrounds.aspxThu, 19 Nov 2009 15:05:43 GMTDid 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! @stockgodhttp://www.bullsonwallstreet.com/blog/post/TheBOOMFactoryRulesThoughts.aspxhttp://www.bullsonwallstreet.com/blog/post/TheBOOMFactoryRulesThoughts.aspxTue, 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 detailed explanations, this is not a live trading classroom, it's a place to share picks and it's fast moving. @kunal00http://www.bullsonwallstreet.com/blog/post/1116RecapTuesdayWatchlist.aspxhttp://www.bullsonwallstreet.com/blog/post/1116RecapTuesdayWatchlist.aspxTue, 17 Nov 2009 1:36:19 GMTWhile 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 again has gone into hiding he fully escaped the 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 of the 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 they had already made back their 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@copperstlhttp://www.bullsonwallstreet.com/blog/post/3MinuteMarketLook.aspxhttp://www.bullsonwallstreet.com/blog/post/3MinuteMarketLook.aspxMon, 16 Nov 2009 0:28:06 GMTJust a quick look into my world for the week ahead.   !  @copperstlhttp://www.bullsonwallstreet.com/blog/post/BronzeTeachingSetupsNov16.aspxhttp://www.bullsonwallstreet.com/blog/post/BronzeTeachingSetupsNov16.aspxSun, 15 Nov 2009 20:16:57 GMTBronze Teaching Set-ups Nov 16 @urbanrynohttp://www.bullsonwallstreet.com/blog/post/BullsOnWallStreetPremiumFeaturesExplained.aspxhttp://www.bullsonwallstreet.com/blog/post/BullsOnWallStreetPremiumFeaturesExplained.aspxSat, 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.@stockgodhttp://www.bullsonwallstreet.com/blog/post/ChinasalltheRage.aspxhttp://www.bullsonwallstreet.com/blog/post/ChinasalltheRage.aspxSat, 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 to Beijing, 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.  @copperstlhttp://www.bullsonwallstreet.com/blog/post/MarketThoughts.aspxhttp://www.bullsonwallstreet.com/blog/post/MarketThoughts.aspxWed, 11 Nov 2009 2:29:03 GMTI 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 with just 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's moved 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 caps seem dead right now. Why? Several reasons - specifically, when I see the uncertainty with buyers, I notice 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 shift back into small and mid caps while the large caps consolidate. Learn to understand the flow.   Just an FYI - note I 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 and get 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 prefer tweet mania or what the psychic network says.    **I have noticed, since distributing the 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      @stockgodhttp://www.bullsonwallstreet.com/blog/post/SowasIrightaboutHalloweenorwhat.aspxhttp://www.bullsonwallstreet.com/blog/post/SowasIrightaboutHalloweenorwhat.aspxMon, 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! @copperstlhttp://www.bullsonwallstreet.com/blog/post/NewTraderEducationandSetupsArchive.aspxhttp://www.bullsonwallstreet.com/blog/post/NewTraderEducationandSetupsArchive.aspxSat, 07 Nov 2009 20:19:12 GMTCharting Basics Video Part 1 and Part 2   New Trader Education Set-ups Nov 2@kunal00http://www.bullsonwallstreet.com/blog/post/EndOfWeekRecapAllisfineinLalaland.aspxhttp://www.bullsonwallstreet.com/blog/post/EndOfWeekRecapAllisfineinLalaland.aspxSat, 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 and all 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 @kunal00http://www.bullsonwallstreet.com/blog/post/WeGotsOurMoneysBackThursdayRecap.aspxhttp://www.bullsonwallstreet.com/blog/post/WeGotsOurMoneysBackThursdayRecap.aspxFri, 06 Nov 2009 1:26:01 GMTWell 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 accounts you 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   @stockgodhttp://www.bullsonwallstreet.com/blog/post/Ineedbettersellrules.aspxhttp://www.bullsonwallstreet.com/blog/post/Ineedbettersellrules.aspxThu, 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. @kunal00http://www.bullsonwallstreet.com/blog/post/MidDayUpdateKunalBuys.aspxhttp://www.bullsonwallstreet.com/blog/post/MidDayUpdateKunalBuys.aspxWed, 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 have a plan 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 like losing all this damn money I have the 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     @stockgodhttp://www.bullsonwallstreet.com/blog/post/Playitcool.aspxhttp://www.bullsonwallstreet.com/blog/post/Playitcool.aspxWed, 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.  @kunal00http://www.bullsonwallstreet.com/blog/post/MidDayupdate10262009.aspxhttp://www.bullsonwallstreet.com/blog/post/MidDayupdate10262009.aspxMon, 26 Oct 2009 17:50:14 GMTwell 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@urbanrynohttp://www.bullsonwallstreet.com/blog/post/ReadyforMondayCashinHand.aspxhttp://www.bullsonwallstreet.com/blog/post/ReadyforMondayCashinHand.aspxMon, 26 Oct 2009 0:43:54 GMTAfter 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 @copperstlhttp://www.bullsonwallstreet.com/blog/post/ConfirmDirectionbeforeEnteringYourTrade.aspxhttp://www.bullsonwallstreet.com/blog/post/ConfirmDirectionbeforeEnteringYourTrade.aspxSat, 24 Oct 2009 19:13:02 GMTHi 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 will pop by during breaks or the live trading rooms sessions I'm teaching next week.   Outlined in the watchlist are few of my basic criteria points to ensure proper timing of my trade entry.   I urge you build your checklist before you pull the trigger. If building a long-term trade and know the target, then obviously get the best price you can.   However, for swings, scalps, day trades,  it is important to 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@kunal00http://www.bullsonwallstreet.com/blog/post/GamePlanFriday10232009.aspxhttp://www.bullsonwallstreet.com/blog/post/GamePlanFriday10232009.aspxFri, 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      @copperstlhttp://www.bullsonwallstreet.com/blog/post/WhattheHeckHappenedtoMyTradeToday.aspxhttp://www.bullsonwallstreet.com/blog/post/WhattheHeckHappenedtoMyTradeToday.aspxWed, 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 party room to enter. Bulls Party Here!Bears Party 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 lessons via 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've discussed 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!          @stockgodhttp://www.bullsonwallstreet.com/blog/post/UpdateonNEPTradingAccountPosition3.aspxhttp://www.bullsonwallstreet.com/blog/post/UpdateonNEPTradingAccountPosition3.aspxThu, 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 due diligence, don't trust me - trust yourself.  Good luck!   @stockgodhttp://www.bullsonwallstreet.com/blog/post/UpdateonNEPTradingAccountPosition.aspxhttp://www.bullsonwallstreet.com/blog/post/UpdateonNEPTradingAccountPosition.aspxWed, 14 Oct 2009 22:42:22 GMTSo 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 due diligence, don't trust me - trust yourself.  Good luck! @copperstlhttp://www.bullsonwallstreet.com/blog/post/WatchListforOct14WedSmallorMidCaps.aspxhttp://www.bullsonwallstreet.com/blog/post/WatchListforOct14WedSmallorMidCaps.aspxWed, 14 Oct 2009 4:47:13 GMTExperienced 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 ABK  2.00ish DSCO may try to make another move this week  1.70ish   Tuesday Oct 13:     Buys only if my criteria is met (upward individual stock moves 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: 1.98  targets: 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 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 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 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.     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   @stockgodhttp://www.bullsonwallstreet.com/blog/post/PrematureStockjaculationSucks.aspxhttp://www.bullsonwallstreet.com/blog/post/PrematureStockjaculationSucks.aspxTue, 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 be spectacular.  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.  :-)    @kunal00http://www.bullsonwallstreet.com/blog/post/ChinagotWoodevenbetterSTeel.aspxhttp://www.bullsonwallstreet.com/blog/post/ChinagotWoodevenbetterSTeel.aspxTue, 13 Oct 2009 17:22:27 GMTAs 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. @kunal00http://www.bullsonwallstreet.com/blog/post/ChillaxinKunal00raisescash.aspxhttp://www.bullsonwallstreet.com/blog/post/ChillaxinKunal00raisescash.aspxFri, 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    @stockgodhttp://www.bullsonwallstreet.com/blog/post/ItsThanksgivinginCanada.aspxhttp://www.bullsonwallstreet.com/blog/post/ItsThanksgivinginCanada.aspxThu, 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 @MicrocapTrader for 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. @copperstlhttp://www.bullsonwallstreet.com/blog/post/BuildATradingPlanNewTraderDiscussion.aspxhttp://www.bullsonwallstreet.com/blog/post/BuildATradingPlanNewTraderDiscussion.aspxThu, 08 Oct 2009 2:06:01 GMTI 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, that many 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 create a 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@copperstlhttp://www.bullsonwallstreet.com/blog/post/WatchListforOct7SmallorMidCaps.aspxhttp://www.bullsonwallstreet.com/blog/post/WatchListforOct7SmallorMidCaps.aspxWed, 07 Oct 2009 2:00:22 GMTI 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 presents Possible movers:UCBH FNMVGZVTRO Still on the radar: ZHNEAVII Advanced Strategies:Both of the following must get shares > 1.00 per Nasdaq- if I see  buyers, vol, and price action upward, I'm on that trainNENGMBRX (same strategy pulled CTIC play from .05 to 1.31ish)@copperstlhttp://www.bullsonwallstreet.com/blog/post/WatchlistforOct6SmallMidandLargeCap.aspxhttp://www.bullsonwallstreet.com/blog/post/WatchlistforOct6SmallMidandLargeCap.aspxTue, 06 Oct 2009 0:28:25 GMTI 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 minimum Small 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  @urbanrynohttp://www.bullsonwallstreet.com/blog/post/DontFallinLove.aspxhttp://www.bullsonwallstreet.com/blog/post/DontFallinLove.aspxSun, 04 Oct 2009 16:24:23 GMTDid 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 describing a stock with high risk relative to any potential positive returns. Speculative stocks are often purchased by those who believe the stock will appreciate in value without performing 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).@stockgodhttp://www.bullsonwallstreet.com/blog/post/DontOpenuntilChristmas.aspxhttp://www.bullsonwallstreet.com/blog/post/DontOpenuntilChristmas.aspxFri, 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. @kunal00http://www.bullsonwallstreet.com/blog/post/ThursdayReCapReturnofBobTheBEAR.aspxhttp://www.bullsonwallstreet.com/blog/post/ThursdayReCapReturnofBobTheBEAR.aspxFri, 02 Oct 2009 1:06:57 GMTThe 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 finally put 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 sitting near support. The odds of a fullblow breakdown and it holding lessen if the market is oversold.      @stockgodhttp://www.bullsonwallstreet.com/blog/post/ForPudaLongs.aspxhttp://www.bullsonwallstreet.com/blog/post/ForPudaLongs.aspxThu, 01 Oct 2009 2:50:53 GMT...As per my previous blog on Puda Coal... @kunal00http://www.bullsonwallstreet.com/blog/post/GetyourOILchecked.aspxhttp://www.bullsonwallstreet.com/blog/post/GetyourOILchecked.aspxWed, 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   @kunal00http://www.bullsonwallstreet.com/blog/post/GamePlanHumpDay93009.aspxhttp://www.bullsonwallstreet.com/blog/post/GamePlanHumpDay93009.aspxWed, 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.   @stockgodhttp://www.bullsonwallstreet.com/blog/post/ThePoliticsofChinaitsnotthatcomplicated.aspxhttp://www.bullsonwallstreet.com/blog/post/ThePoliticsofChinaitsnotthatcomplicated.aspxTue, 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, not separately, 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... @urbanrynohttp://www.bullsonwallstreet.com/blog/post/FewStocksImWatchingTomorrowMorning.aspxhttp://www.bullsonwallstreet.com/blog/post/FewStocksImWatchingTomorrowMorning.aspxMon, 28 Sep 2009 1:50:48 GMTAfter 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. @copperstlhttp://www.bullsonwallstreet.com/blog/post/SetupsOct5TweetandTrade.aspxhttp://www.bullsonwallstreet.com/blog/post/SetupsOct5TweetandTrade.aspxSat, 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@stockgodhttp://www.bullsonwallstreet.com/blog/post/MyOilHaikus.aspxhttp://www.bullsonwallstreet.com/blog/post/MyOilHaikus.aspxFri, 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 @kunal00http://www.bullsonwallstreet.com/blog/post/ThursdayMiddayUpdateBuys.aspxhttp://www.bullsonwallstreet.com/blog/post/ThursdayMiddayUpdateBuys.aspxThu, 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 @copperstlhttp://www.bullsonwallstreet.com/blog/post/JumpingBeanTradingStrategy.aspxhttp://www.bullsonwallstreet.com/blog/post/JumpingBeanTradingStrategy.aspxThu, 24 Sep 2009 4:11:36 GMTDon'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) trade mover                defines "swing" trade length as 2 hours and 2 minutes                constantly watching the tweet stream to see what you are missing                taking consistent 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 much is tossed out regarding trade tweets; it's easy to become side-tracked. You spend so much time trying to digest the tweets that you are not successful with 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 followed inexperienced traders into a live trade.   This market is so crazy; if you are following, seeking advice or answers to questions from a trader with less than 8 to 10 years experience....don't ask me to help you. 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. And if you allow me to follow you --and I 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 the pocketbooks 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      @kunal00http://www.bullsonwallstreet.com/blog/post/HUMPDayGameplan9232009.aspxhttp://www.bullsonwallstreet.com/blog/post/HUMPDayGameplan9232009.aspxWed, 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 for sometime I have shortened my timeframes considerably.   Over the last few days the boooom factory has been booking considerable gains. Every chubby chaser with 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   @copperstlhttp://www.bullsonwallstreet.com/blog/post/SetupsSept21TweetandTrade.aspxhttp://www.bullsonwallstreet.com/blog/post/SetupsSept21TweetandTrade.aspxSun, 20 Sep 2009 2:18:17 GMT The next few weeks we 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, I have 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!    @stockgodhttp://www.bullsonwallstreet.com/blog/post/NumbersDontLieLiarsDo.aspxhttp://www.bullsonwallstreet.com/blog/post/NumbersDontLieLiarsDo.aspxFri, 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. @kunal00http://www.bullsonwallstreet.com/blog/post/ShippersCharts.aspxhttp://www.bullsonwallstreet.com/blog/post/ShippersCharts.aspxThu, 17 Sep 2009 13:29:18 GMTLot 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.   @stockgodhttp://www.bullsonwallstreet.com/blog/post/Readytogotothenextlevel.aspxhttp://www.bullsonwallstreet.com/blog/post/Readytogotothenextlevel.aspxWed, 16 Sep 2009 21:35:52 GMTHi 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...                        @kunal00http://www.bullsonwallstreet.com/blog/post/GamePlanWednesday9162009.aspxhttp://www.bullsonwallstreet.com/blog/post/GamePlanWednesday9162009.aspxWed, 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.@urbanrynohttp://www.bullsonwallstreet.com/blog/post/SolarStocksandMA50.aspxhttp://www.bullsonwallstreet.com/blog/post/SolarStocksandMA50.aspxWed, 16 Sep 2009 2:23:46 GMTHave 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 @kunal00http://www.bullsonwallstreet.com/blog/post/MidDayupdateBuys.aspxhttp://www.bullsonwallstreet.com/blog/post/MidDayupdateBuys.aspxMon, 14 Sep 2009 17:21:42 GMTMarket 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.        @copperstlhttp://www.bullsonwallstreet.com/blog/post/TweetandTradeSetupsSept14.aspxhttp://www.bullsonwallstreet.com/blog/post/TweetandTradeSetupsSept14.aspxMon, 14 Sep 2009 2:04:24 GMTThis 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.@urbanrynohttp://www.bullsonwallstreet.com/blog/post/TreadingLightlyThisWeek.aspxhttp://www.bullsonwallstreet.com/blog/post/TreadingLightlyThisWeek.aspxMon, 14 Sep 2009 1:17:40 GMTI'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).    @copperstlhttp://www.bullsonwallstreet.com/blog/post/NewFeaturesComingRightUp.aspxhttp://www.bullsonwallstreet.com/blog/post/NewFeaturesComingRightUp.aspxFri, 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!@kunal00http://www.bullsonwallstreet.com/blog/post/GamePlanFriday.aspxhttp://www.bullsonwallstreet.com/blog/post/GamePlanFriday.aspxFri, 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 myself sit 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 17.85 Gold 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 get a 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 a man 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.   @stockgodhttp://www.bullsonwallstreet.com/blog/post/overnightlotteriesarefunbut.aspxhttp://www.bullsonwallstreet.com/blog/post/overnightlotteriesarefunbut.aspxWed, 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..."... well guys, 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!      @stockgodhttp://www.bullsonwallstreet.com/blog/post/Imfeelingkindofbullish.aspxhttp://www.bullsonwallstreet.com/blog/post/Imfeelingkindofbullish.aspxMon, 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.        @copperstlhttp://www.bullsonwallstreet.com/blog/post/TweetandTradeSetupsSept7.aspxhttp://www.bullsonwallstreet.com/blog/post/TweetandTradeSetupsSept7.aspxMon, 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 $7 purposely 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 Dips Use 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 data Lower 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 Bullish Continuation 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 for opening/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, I will 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  Bullish Continuation 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 upward move.   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, but I 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)  or a 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 of 2.03 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 long after 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 bullish after 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 gained approx 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     @copperstlhttp://www.bullsonwallstreet.com/blog/post/WaitWatchWonderWail.aspxhttp://www.bullsonwallstreet.com/blog/post/WaitWatchWonderWail.aspxThu, 03 Sep 2009 2:45:15 GMT We all know the market doesn't do what we "wish" it would!   How many were 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 reminded traders to maintain some cash on the sidelines these past few weeks in our Tweet and Trade/email set-ups and commentary.  The market genie 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. Short of 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 dance steps? 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 weaker US dollar can signal a stronger market opening session.   Stay in the pocket of traders you trust. Many people 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, and recognize 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 our top researchers: @jweaving @Urbane-gorilla @MarketNut @BigD7007. They will help you find further 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. It requires knowledge, experience, research, watching the markets, and monitoring 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 this week!  ATAD! (Another Trade Another Day) Leigh              @kunal00http://www.bullsonwallstreet.com/blog/post/HUmpDay.aspxhttp://www.bullsonwallstreet.com/blog/post/HUmpDay.aspxWed, 02 Sep 2009 13:29:36 GMTYesterday 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 to himself "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.    @kunal00http://www.bullsonwallstreet.com/blog/post/TheBearsareGirlyMen.aspxhttp://www.bullsonwallstreet.com/blog/post/TheBearsareGirlyMen.aspxTue, 01 Sep 2009 2:51:54 GMTWell the market ran into a death spiral of a big honking .8%  I must admit while i watched tv this morning from my diamond 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 @copperstlhttp://www.bullsonwallstreet.com/blog/post/TweetandTradeAug31.aspxhttp://www.bullsonwallstreet.com/blog/post/TweetandTradeAug31.aspxSun, 30 Aug 2009 20:24:34 GMTComments 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 need me to paste 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@stockgodhttp://www.bullsonwallstreet.com/blog/post/AnothergreatpostfromafollowerofBulls.aspxhttp://www.bullsonwallstreet.com/blog/post/AnothergreatpostfromafollowerofBulls.aspxFri, 28 Aug 2009 20:57:21 GMTWe 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)…@kunal00http://www.bullsonwallstreet.com/blog/post/PositionupdateKunal00moves.aspxhttp://www.bullsonwallstreet.com/blog/post/PositionupdateKunal00moves.aspxFri, 28 Aug 2009 17:14:52 GMTBeen 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 1.74 and 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 I sold 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.@copperstlhttp://www.bullsonwallstreet.com/blog/post/BeginnerTraderWebcastChartingBasics.aspxhttp://www.bullsonwallstreet.com/blog/post/BeginnerTraderWebcastChartingBasics.aspxWed, 26 Aug 2009 16:12:30 GMTWow! Thanks for the unexpected, yet exciting and supportive participation 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.@kunal00http://www.bullsonwallstreet.com/blog/post/GamePlanTuesday8252009.aspxhttp://www.bullsonwallstreet.com/blog/post/GamePlanTuesday8252009.aspxTue, 25 Aug 2009 13:21:33 GMTNothing changed much yesterday after the unexpected breakout on the SPY (unexpected on my part). We gapped up and everything started running but the day was basically even on the indexes. But yesterday was a great example of how a good trader can make some big nuts returns playing individual setups and market volatility. And as we know I have the biggest nuts of them all. Huge breakouts in CT, PNX, and EPEX(thanks urban_ryno)  kept the coffers full and my chest hair thick.   Much to my chagrin as I was counting my sheckels I saw an unusual red position in portfolio. A most unsightly ticker named CORS......as i sat there thinking about it, I realized as I was strutting around in my wife beater/loin clothe combo  in a euphoric coffee buzz on Friday that I may have pushed my luck and went balls deep in this p.o.s. much like a drunken gambler.  These type of .35 cent stocks are trouble and bunk and rarely should be played unless you are a total degenerate.  But its one thing when you a degenerate gambler who looks like Steve Buscemi its a whole another world when your the Brown Bradd Pitt. Regardless I took a steel toed boot kick to the gonads and it hurt but it barely dented my confidence. SwingTrades: Nothing changed waiting for a pullback to enter some.  Some nice BreakoutPullback setups emerging though that im watching very carefully.  I am thinking about dipping my toes back in PACR.  It broke out bigtime, had a nice consolidation and is looking to breakout again.  Instead of buying the breakout I will make a play in the bottom of the range in anticipation of the breakout.  In todays market you can be a little anticipatory and buy before the move in expectation that if market holds up it will cut loose.  Nice vol accumulation too. My good friend from downunder @ragincajun loves Hero. I try not to trade breakouts on stocks above 5 bucks i prefer to swing them.  Keep an eye on it. When a stock is getting overbought the chance of a breakout failing increase but watch in a few days it might be ready. Keep an eye on some of the small Ag stocks like FEED.  MOO was making some highs yesterday and if strength continues these little guys can run bigtime. Check this out too. Ive been watching it for sometime. It might be ready to go. Thinking about adding a starter positiona and add more on the breakout @stockgodhttp://www.bullsonwallstreet.com/blog/post/LetstalkaboutOnlineGambling.aspxhttp://www.bullsonwallstreet.com/blog/post/LetstalkaboutOnlineGambling.aspxTue, 25 Aug 2009 4:29:25 GMT   I am pretty close to online gambling.  I have a very good friend and business partner who started one of the largest payment engines for online gambling sites.   Shortly after taking his company public the market cap hit 2 billion dollars and he sold his position.  I have been watching over the years as the industry went through some amazing trials and tribulations, most notably the illegal ban by the U.S. government of online gambling in the U.S.  Let me start by saying that I think Elliot Spitzer is likely one of the dirtiest politicians to ever grace the face of the earth.  He’s dirty, and not only does he loves himself a good prostitute; but rumor has it he also loves taking bribes from casino operators.  It’s no secret that Elliot Spitzer made it his mission to lobby against and go after anyone associated with online gambling. The rumor is Elliot enjoys taking rides on private jets that do not belong to him, apparently he was taking rides on the jet of one of the largest casino operators in Vegas who happened to be lobbying against online gambling prior to the illegal ban.  Yes the story continues that Elliot was taking bribes from Vegas Casino Operators in the form of hookers and cash.  It became his personal mission to put his extra tiny man parts into anything that walked and his sweaty bulbulous head into places that it didn’t belong.  As the rumor goes, it was because of Elliot Spitzer and the lobbying (read bribing) by this large casino operator that online gambling in the U.S. was banned. In the process they went after everyone, including the payment providers that enabled U.S. gamblers to collect and make payments online.   Oh boy, did these guys get burned, some of whom are friends – and they all lost some big cash as a result (in the end it was merely a flesh wound, but still a significant amount of cash for most people). Interesting that a few months ago Harrah’s hired one of the chief architects of Party Gaming, the world’s largest online casino operator.    Now why would Harrah’s hire a guy capable of building an online casino if they know that online gaming in the U.S. is illegal? Is it because Barney Frank has a brain and under Barack Obama the government is likely to overturn the illegal decision that was ramrodded through the system?  Perhaps it’s because the European Union has rightfully accused the U.S. of breaking international laws by banning online gambling and politely asked them to reverse this stupid decision.  Maybe it’s because Barney Frank knows that the taxes that could be collected will far outweigh the costs of going after the individuals who make a few bucks playing Blackjack online.  Or could it be because that shithead Elliot Spitzer has already embarrassed the U.S. enough as it is and it’s time to do the right thing. I know of at least two books being written on the above subject.  I think they will reveal much more. It was at that point that I started researching and finding undervalued companies that I needed to invest in, and it was then that the speculation games began. I had been searching for a company that’s based in the U.S., that trades publicly, and is associated with online gambling.  WPTE (World Poker Tour) was my stock.  I have been aggressively buying this stock; my average is now very close to $1.  Recently they had some incredible news.  Follow along if you can;  In a nutshell the company agreed to sell all their assets (except cash) to some no name company for 9 mil + a share of the revenue.  Even though they’d end up with $1.40’ish in cash and a future revenue stream the investors didn’t like it and neither did their clientele (loyal poker players). The stock dropped down to .90. It was at that point the company announced they received another offer.  The stock jumped in anticipation…   This offer is much better, first it's from Party Gaming, and it's roughly 12 mil cash + 5% of revenue + a guarantee of 3 mil revenues over the first couple of years.  In other words they will have roughly $1.55 in cash, + a 5% revenue of a potentially booming business + another 3 mil in cash guaranteed. So what would the booming business be?  In a game of chess you must anticipate your opponents next 3 moves --- or generally be a master of the game.  In my mind the U.S. protectionist laws would still make it very difficult for a foreign company to introduce online gambling to U.S. consumers (once it becomes legal again).  Party Gaming was burned huge by the ban and they have everything to gain for the U.S. to lift their illegal ban on online gambling.   So assuming Party Gaming does a deal with a U.S. company they will likely create a World Poker Tour branded gambling site for U.S. customers.  This is huge news, in my opinion it will entitle WPTE to receive huge ongoing shared revenue… Therefore, the next piece of the puzzle is for Barney Frank to get his ass in gear and legalize this thing that should have been never illegal in the first place. When that happens I expect this stock will do extremely well. Of course this is just my opinion.  What the fuck do I know?  I am not suggesting you chase this thing down – if you can buy it for close to $1 it’s, as always, a pretty good gamble.  …but for now I like the cards I’m holding.  ..as a wise man once said, you got to know when to hold 'em, know when to fold 'em, know when to walk away, and know when to run... great. now I have Kenny in my head.  @copperstlhttp://www.bullsonwallstreet.com/blog/post/TweetandTradeAug24WeekSetupsandTradeMgmt.aspxhttp://www.bullsonwallstreet.com/blog/post/TweetandTradeAug24WeekSetupsandTradeMgmt.aspxSun, 23 Aug 2009 20:04:29 GMT  Group 2 set-ups are listed after Group 1 and are more complex than Group 1.   If your skill level isn't conducive to trade with Group 2, stay with Group 1.If you wish to be on my email distribution, please shoot me an email request:  leigh@bullson.ws I utilize an Excel workbook which I can forward via email.   Leigh's Workbook Week of August 24th.    Remember, we want high probablity trades..we don't gamble.   For those just joining:Group 1Reminder: 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 2   Leigh's Workbook Week of August 24th. Group 2 trades are less than $5 purposely 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 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.  @urbanrynohttp://www.bullsonwallstreet.com/blog/post/MyMondayWatchList.aspxhttp://www.bullsonwallstreet.com/blog/post/MyMondayWatchList.aspxSun, 23 Aug 2009 17:49:54 GMTThis weekend, I've added a good number of stocks to my Watch List that are technically setup for possible short term pops to the upside. If you don't know my trading style, the basic idea is that I like to participate in moves as they happen (momo plays) and focus on technicals to find stocks poised for that move. I look at indicators such as RSI, MACD, Full Stochastics, bollinger bands, volume, and MA20/50/ 200). That's about it.. there are lots of other tools and technical chart overlays, but I find these to work the best for me. I fist look at the daily charts, then recent intradays, followed by weekly. Ok, with that background, here are the stocks I'm watching Monday. Keep an eye on my tweets - I'll publish my moves throughout the week. LVLT - Improving RSI, Full Sto and now testing key horizontal resistance levels. I'm ready for a pop. PWER - Might take a long swing position on move above top trendline resistance with volume. IMMU - I have a target of 5.30 with Full Sto and MACD improving. POP? DPTR - Let's break through trendline resistance, shall we? MACD is crossing zero with a Full Sto bullish crossover. If we get some volume and opening bollinger bands, I might go long here. Nice move through RSI(14) 50 on Friday, as well. HMA - Ascending triangle hitting against 6.90. I might consider a long position over with volume. Chart is struggling, however, so no need to enter before the move. CYTR - I mentioned CTYR on a tweet last week. The .90 consolidation on improving MACD and Full Sto has me interested. Worth watching. PEIX - I don't like the company, but it is a possible scalp above .40 (scalp only). I can't imagine holding this one over night. EPEX - Big volume Friday and now testing MA50 and horizontal resistance with tight bollinger bands. ACXM is just toying with my emotions. I'm VERY ready to go long on any move through 10.25. Tight bollinger bands. CVG - Tight bollinger bands looking ready to break this one out long over 11. GTE - Moving up through recent highs on good volume Friday and opening bollinger bands. Worth watching to see if $4.00 support holds and builds. XRM - bouncing off horizontal support. High risk scalp on chase to top trendline resistance. TSTR - Risky trendline support bounce opportunity with stop just under. PZG - Great looking support on this descending triangle. Indecision leading to possible breakout? Others I'm watching from a distance: sva, exxi, ahr, alti, aiq, pwav, cpwr, oxgn, lava, mtsn, htm, stem, pkd, tivo.@stockgodhttp://www.bullsonwallstreet.com/blog/post/Niceletterfromamemberofourcommunity.aspxhttp://www.bullsonwallstreet.com/blog/post/Niceletterfromamemberofourcommunity.aspxSat, 22 Aug 2009 19:17:18 GMTHere's a nice letter I received from Rich AKA @Celtsfan348Stockgod, I have been thinking about this whole experience of mine lately and I needed, for me, to just get it all out. If you think it would be helpful to new traders and people wondering how to get started you can use this on bows. If not that's cool I just needed to get it out.Thanks again for everything.Rich @Celtsfan348After having watched my IRA and 401K loose approximately 40% I knew I had to do something. It was the Fall of 2008. My employer was struggling to remain in business, the writing was on the wall.I switched all my mutual funds into brokerage accounts and started buying stocks and managing my money myself. I had some experience with  from trading stocks in the go go 1990's when everybody had a "Hot Tip" and stocks were the topic of conversation at all family functions. I did fairly well. Anyone remember APCC American Power Conversion? That stock put a swimming pool in the ground and a new car in the driveway. I sold all my stocks and put the money into mutual funds in 2000 and concentrated on helping my employer expand his flooring business.By 2009 because of over leverage my employer shut down all locations and I was out of work. I decided to learn to trade stocks. I began by researching on MSN. I came across these great videos from Wall Street Media that introduced me to Kunal, Doug, and Todd Sullivan who then introduced me to Twitter. Once on Twitter this wonderful thing happened, I began to learn from and got help from some great people. stock god Mdabbles, copperstl, jweaving, Urbane-Gorilla, aaahhhmmm etc .etc. just to name drop a few. I was very skeptical, what was their angle? Soon I realized they weren't selling me a newsletter or pumping a stock. The last two months have been great and I have done very well by following these people and finding my way. With the addition of Bullsonwallst to our arsenal the sky is the limit. Using Bullsonwallst by a newbie trader is educational, and I believe, absolutely necessary. It offers the tools you need to hone your skill and learn. By reading Tweets from such a diverse range of people Bullsonwallst allows you to pick and choose what's right for you and find you own style.Thanks to stockgod for this great site.Rock on from Rich aka the music man@stockgodhttp://www.bullsonwallstreet.com/blog/post/TwitterTheUltimatePolygraph.aspxhttp://www.bullsonwallstreet.com/blog/post/TwitterTheUltimatePolygraph.aspxThu, 20 Aug 2009 18:31:49 GMT   I am not one to pull punches as many of you have seen on Twitter. I usually call it like I see it & I always put my money where my mouth is.  Since I started researching and sharing stocks using Twitter, my overall portfolio is up significantly this year.  One might argue that the bull market has something to do with it, but I would say that based on the number of bull markets I’ve been through there is no doubt that Twitter has significantly improved my game.What I like about Twitter is you can follow the people that you believe add value. Twitter is also the ultimate lie detector: it doesn’t take long to catch the bullshitters as they fabricate big gains (and no losses) usually late. It also helps that such bullshit is being broadcast so others can read it real time.   Not that I want to give these guys any more publicity than they deserve, but I’m debating whether we should start the ultimate bullshitter list.  Maybe we’ll flag them on Bulls On Wall Street with a pile of shit next to their avatar.   Today I called out one such bullshitter. This guy is so full of shit that I wonder if he drinks a bottle of Listerine a day so he can mask the smell. He claims to have shorted a stock at the ultimate high (PUDC on the OTC), covering it after a reverse split (PUDZ), then after realizing that he was caught in a lie he said hackers used 15 different IP addresses and hacked into his accounts just to make the claims on that one stock.  Yeah right.  He did this at least twice in the last week. He then pretended to BE the hacker to keep it real.  He ain't keeping anything "real", I can guarantee you that.  Why would I call this guy out?  Why should I care? Well for starters @jweaving inspired me to call this guy out without directly asking me to. I probably shouldn’t care, but because there are so many new traders on Twitter (and so much freedom) I feel like we as a community need to pull together to help weed out those who are dishonest.  Remember you are playing with other people’s money when they follow you – and you should take a moral responsibility to ensure that you are putting your money where your mouth is.Quite honestly I found this guy very entertaining. His bullshit made me laugh, then @jweaving had to ruin all the entertainment for me by doing the right thing. What goes around comes around, don't forget it, and good luck!  @kunal00http://www.bullsonwallstreet.com/blog/post/GamePlanThursday8202009.aspxhttp://www.bullsonwallstreet.com/blog/post/GamePlanThursday8202009.aspxThu, 20 Aug 2009 13:19:30 GMTWell the action on the SPY yesterday was nothing special.If anything just looked like a low vol deadcat bounce. The bulls couldnt up enough courage to do some real buying. I have this eerie feeling something big is going to happen. not sure what but I know. Kind of like that feeling when one of your not so good looking nice friends has a really hot girlfriend. You just kind of know that she is getting tagged by some tatooed NBA shooting guard. My gameplan for swingtrading is to just chill till we pullback to some support levels or we get so overbought I must short. In the meantime I am looking at some quick hitting plays in China and I am seeing a couple interesting bullflags for some quick scalps. If you look at a lot of the Chinese smallcaps they have pierced their lower bands and are starting to hit some extreme oversold levels.  I will use small positions and be  in an out quickly. Check out some of the chinese solars or ag stocks. Been pummeled they are due for a couple day snapback. The odds on these plays arent good but I will keep my risk small by trying to find some near support.  Once again there is a good chance I just get stopped out but the loss will be minimal YGE has the same setup if you can get 10-10.50. JRJC too. Keep stops tight. Tight Tight. Dont be stupid and if hear a horror story I possibly might shoot you. Or ask your for a dollar to make pennance. Or make you babysit @jweaving for a night while he drinks scotch. Oh yeah for you weenie daytraders and flagfuckers. Here is one for you. HRZ----some nice volume kicking in also. @kunal00http://www.bullsonwallstreet.com/blog/post/GamePlanWednesday8192009Afaztasticvoyage.aspxhttp://www.bullsonwallstreet.com/blog/post/GamePlanWednesday8192009Afaztasticvoyage.aspxWed, 19 Aug 2009 12:41:22 GMTFor the hyperactive a.d.d. trader im probably boring the crap out of you.  This is the least Ive traded in two years. Im not seeing the easy money right now for swingtrading. I know a lot of the chunky munky yuppie traders were ecstatic about our weak bounce yesterday as confirmation that Monday was just some fluke astrological event.  Take a look at SPY.  See the volume???? Once again the dip buyers stepped in but they did not as men but little elves they could barely muster up an volume or bravery. yesterdays bounce was much weaker than the brutality afflicted by the bears the day before.   I was looking the 98 level on SPY to add some longs for swings but yesterdays action negated that. But there is no big edge in shorting right now since we are not near any resistance and the mkt is getting short term oversold. For added pleasure our Asianese friends to the east in two weeks went from the short men with deep pockets who were slowly buying up every asset in the world to now they are just a billion people riding around on bicycles with funny hats who have an unusual addiction to McDonalds.  Which is it?? Who knows. The Shanghai plunged another 4% yesterday and is officially down 20% from its bull market high.  Loads of Chinese stocks are looking like shorts on bounces. Check out SNDA or WH. Bigtime distribution and can be good shorts on low volume bounces. GamePlan:  I will wait for SPY to get down close to 50dma before buying in bulk. If we get a low vol bounce I will short some of the China stocks. I typically use 25-30% of my port to play small cap momo stocks If i see any about to breakout I will post on twitter. Keep an eye on RTK if it bounces bigtime again watch for the fade, you might see Tim Sykes make the call and have all his minions short the thunder out of it.@copperstlhttp://www.bullsonwallstreet.com/blog/post/SurfsUp.aspxhttp://www.bullsonwallstreet.com/blog/post/SurfsUp.aspxWed, 19 Aug 2009 8:45:12 GMT   Anybody care to join? The best way to describe my trading style is surfing. The best way to describe my surfing is trading - 'cause I don't do cold water ....or sharks.  Well, I do swim with sharks on Wall Street, but that's different.     Early in my trading career, I cultivated my knowledge of chart and candle patterns. Watching the price movement began to take the form of waves as my visual. Admittedly, I fell off my board in disbelief as later I studied Elliot Waves with Fibonacci and realized I didn't invent these waves! Well, I never!     Time fractals are the core of my trading strategies. I simply mirror strategies within different fractals. For example, swing and position plays are determined by daily charts. My intra-day plays are determined relative to the 60-minute and 10-minute charts for direction and momentum coupled with the 3-minute and 1-minute charts to precisely time entries/exits.     I live by candles bouncing off support and resistance as they tread water. Price waves become crystal clear by watching candle formations. I surf price movement up, price movement down, come up for air, sometimes dry off, and go again. This strategy can be played as day trades, swings or intermediate/long-term position plays as well.  I simply line my board up with the direction (define trend) and jump on with confirmations from other indicators such as ADX, MACD, STO, DMI. Moving averages play an integral part of my timing.     Market timing is an acquired skill. It comes with experience, time, knowledge, and learning from mistakes. Position sizing, scaling in, scaling out, average down, average up.... these are experience components of trading. One learns it the hard way or by watching other successful traders. I suggest the latter should you wish to accelerate the learning curve.     One more thing to consider: as a swing trader, I strategically select stocks that I am comfortable holding for 3 to 10 days. I simply open enough positions to ensure one "pops" each day or every other day. It's steady income; I don't get sunburned.     Before you jump in, test the water (fundamentals, sentimentals), load up with sunscreen (if there is no volume, don't get in the water!)  Momentum plays are a safe way to start. I look for stocks with significant price % move up or % move down an hour after the open, and repeatedly through-out the day.  Usually, I can see some type of play. These are the movers/shakers I mention. I must have volume (ideally 700k -1 million) or the set-up rarely materializes. Additionally, I set volume alerts to help locate these daily movers/shakers. Increased volume trades make a nice ride!     Some of you are jumping in without being able to swim! If that's you, sit under the umbrella on the beach and observe a bit longer. Your pocketbook will thank you. If you are anxious to stand up on your board, take a little wave. If you keep falling off your board, it's more study, watching successful traders, and practice.     You can do this, but it isn't easy. If it was, everybody would do it.     We can't surf them all. ATAD = Another Trade Another Day!     Leigh leigh@bullson.ws  @urbanrynohttp://www.bullsonwallstreet.com/blog/post/LittleInvolvementToday.aspxhttp://www.bullsonwallstreet.com/blog/post/LittleInvolvementToday.aspxTue, 18 Aug 2009 3:29:05 GMTOver the last few weeks I've been waiting for a market correction.. and I haven't been alone. The July move was definitely getting top heavy and quickly showed signs of slowing once we stampeded into August on the backs of bulls. Today, finally, the market gave back some of July's profits. Is there more to come? Well, in my opinion, yes. But, I try to focus on one day at a time - play what is given to me and not attempt to predict the future. If I had a crystal ball, I would be retired amongst other things I can't mention here. Asian markets foreshadowed the gap-down this morning, so there was no surprise there. As with most gaps at the open, I sat on my hands. More often than not, there are back-filling opportunities before lunch if you have the time to sift through the overreactions and watch the plays develop. I didn't have that kind of time today. If you're like me and have a day job, you may only be able to visit the charts a few times during trading hours. So, how did I get involved today? 8:30am CST Watched the gap down. Was there a bottom being put in? Panic selling? Quick rebound? Checked out the tweets. Scanned for the action and the sentiment. Went through the stocks on my Watch List (all were long setups). Obviously, they all gapped down (ARIA did manage to gap up). The objective here was to confirm which long setups stayed in their original pattern despite the drop. In other words, did any drop below support trendlines, etc. The charts that stayed technically sound remained on my intraday list for possible swings or scalps. I did a few quick sector scans to look for any strength.. nothin. So, the obvious question was 'why force the issue'? Yes, I could look for stocks that tanked at the open and were regaining volume and strength into the recovery back to previous day's close. However, it was time to go to work, so playing a somewhat passive role was the right approach for me. At this point, I was armed with the stocks that looked the most promising from my morning Watch List review. Lunch I came back during lunch and looked for many of the same things from earlier in the day. The market hadn't moved - very tight trading range. Again, I didn't want to be overly active when watching long trades with the market very down. I'm usually a momentum trader and am looking for the technical setups to be satisfied before I go long. There wasn't going to be much of this happening today. Quick look at my Watch List showed 2 stocks worth digging into - ARIA (still up from the morning, but stuck there) and OCLR. OCLR, despite low volume, was looking pretty good and the key for me was the .70 horizontal resistance range. As it moved through, I went long (small position). The intraday chart showed good volume on this move, so I was confident enough to take a chance on a long swing in a market down over 160 points. That's it. Nothing else looked good from the Watch List and I wasn't going to go hunting ( I had to get back to my day job). Close When I could, I watched the sectors, overall volume and general market strength. OCLR didn't finish extremely strong and I'm actually down a penny as we speak. However, I'm holding overnight and will treat this as a swing trade with .70 range as support. I will not hold much below... today could have been a false breakout and I'm not about to marry a stock just to try and prove myself right and watch my position poop on itself. Sentiment - still bullish OCLR. Keeping trading simple - that's how I manage a day job, a passion for trading, and those other things like eating and sleeping. This evening, I'll take a look at my Watch List (add or remove) and get ready for tomorrow.  Thus is the circle of life.Click for larger view: @copperstlhttp://www.bullsonwallstreet.com/blog/post/TweetandTrade3.aspxhttp://www.bullsonwallstreet.com/blog/post/TweetandTrade3.aspxMon, 17 Aug 2009 16:17:12 GMTGroup 2 set-ups are listed after Group 1 and are more complex than Group 1.If your skill level isn't conducive to trade with Group 2, stay with Group 1.If you wish to be on my email distribution, please shoot me an email request:  leigh@bullson.ws Group 1 Please look at these carefully.Remember, we are searching for high-probability trades...we don't gamble.     HLCS Close: 1.15Target: 2.60 to 2.80Diamond Bottom This is a sleeper stock that appears to be "waking up" ----let's monitor I need to see volume remain with this chart.On the daily chart you will see the last few days have formed bearish candles, but are signaling a possible reversal to the upside. The bearish retracement or pullback is normal selling pressure. I would like to see price above the previous day's high before considering entry. You can set your buy order to see if you are filled provided your criteria is met.  (price over 1.17 or 1.19 to confirm it is indeed going the right way!)  ****************************************************************************************************  GY  Close: 4.40Target: 6.00 to 6.40Long-term Bullish Double Bottom (duration of pattern 200 days) I will probably look to go live with a starter position if Monday continues to show bullish signals. Pull up the daily chart (I like to do 9 month -daily)This pattern is not one you may have reviewed. It's technically called "White Opening Marubozu" and I simply told you that to impress you. (Most of us hardly use these terms.) The last candle simply demonstrates the opening price was not breached during the trading day.Price continued to go up, but didn't quite close at the high of the day...so we have a slight upper shadow...still a bullish indicator. I have some room here with the target (don't know how long it will take to hit the target)Position traders can wait it out.Swing traders may take profits on the surf up and reload on dips.  **************************************************************************************************** ICO Close: 3.33Target: 5.10 to 5.50Intermediate BullishBottom Triangle This is a monitor stock. It has excellent growth potential, if bullish signals become stronger.The daily candle pattern is a Bearish Harami formed by normal selling pressure.I need volume maintained. For a valid set-up to materialize, I will watch AH (after hours) trading Monday if I am not live, and futures (this is an oil play) Monday morning.  Watching the market and the price movement of this stockIf the market gaps down (bearish sentiment) I will not open a position until further confirmation. (watching price movement of this stock)If the market opens at the same level of the previous close 3.33 and stays below 3.33, I will not open position.If the market gaps up on Monday, I will monitor volume (prefer over 500k) and watch the close. If it is over the previous day's close of 3.33, I will review the same rules for Tuesday. If the play doesn't materialize by Thursday, I will wait.   ****************************************************************************************************  PSUN Close: 4.05Target: 9. 25 to 10.50Long-term BullishHead and Shoulders Bottom I love the opportunity to double my money! This stock could do that.....but, I must watch for confirmation.Daily chart:  technically called a High Wave with the 2 previous days forming a Bearish Harami. The High Wave suggests indecision of direction. Therefore, I look at the days prior and see bearish signals. Remember, we want leading indications to beat the crowd into the trades. This is where study comes in.... I want to see volume present (500k)If the market (and stock) gaps down, no entry.I would really like to see this stock move to the upside by .30 points or so to play this to 9/10 level.Next resistance is 4.90. A break over 4.90 and I'll definitely consider. **************************************************************************************************** WRES Close: 2.64Target: 4.00 to 4.30Bottom Triangle I love to trade bottom triangle when confirmed for entry.I need to see volume present.I need to see the price above the previous day's close of 2.64. I want to ensure price is moving up, so I will look for entry around 2.84.  ****************************************************************************************************   Group 2 Ongoing Trade Mgmt: BBI - no fill this week (set-up didn't materialize)FNM and FRE - WOW! awesome profits this week and last week (am still looking for dips)DSCO - took profits this week (open new position .50ish)  I normally provide limited commentary with Group 2.This week I wanted to ensure you could add indicators.I also wanted to start walking through my thinking process regarding the trade, set-up and trade mgmt.I am looking for high-probability trades: I like to see confirmation with all indicators.  Group 2 trades are less than $5 purposely 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 Dips Use 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)You should be working in Group 2 Workbook now with the Group 2 pages on my website.leigh@bullson.ws should you need me. Remember options expiration is this Friday.  It is possible the market will retrace some this week to take out the option calls (long positions) The market makers are having a field day right now --let's see how they play. 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 data Lower Studies:Add the MACDAdd the STO (stochastics)Add the RSI   ****************************************************************************************************  CTIC   Close: 1.61 Target: 2.15 to 2.25 Candle Pattern: White Spinning Top (indecision)Indecision between the bulls and the bears, but I like the 5 previous days candle patterns....all bullish.The chart pattern is a break-out and triangle...both bullish.MACD is very bullish  (this is still my least favorite indicator, but I teach it)STO is neutral on the short term, but still edging upRSI is bullish for the intermediate term I will most likely go live with 1/3 to 1/4 position Monday.I will accumulate under 1.61 to a full position over the next few days. You determine your position size.It could be a dollar amount or shares. Example: I wish for my full CTIC position to be approx 2000 shares.               I will add 500 shares (1/4) on day 1 to see how the price moves (we can't pick the exact top or bottom)               I will continue to add shares up to my 2000 shares as the price dips. (average down)               We could do that same if the price moves up...average up.               I average up only with the potential for bigger returns.               I average up on runners!  (those that shoot up past my target, or have large price increases)           ****************************************************************************************************     CEGE  Close: .34Target:  .95 to 1.10Continuation Wedge Huge room for return on CEGE, if the set-up materializes.The breakout chart pattern from the ascending channel is bullish.The candle patterns represent normal selling pressure.MACD is bullishSTO is neutral --need to watch for confirmationRSI is bullish for intermediate term...looks a bit neutral for nowMoving averages are starting to turn upward I will probably open a starter position on Monday  (1/3 to 1/4 position)I will accumulate under .40.Resistance (R) is around .60 and .80...so this one is abit tricky to play.    ****************************************************************************************************    CORS Close: .36Target: .62 to .68  (long-term target: 1.25 plus)Bottom Triangle Another chart favorite: bottom triangleHuge vol increased Friday....I need to see if it holds or dwindles.The price doubled the last 10 days or so....I don't want to enter too high.A retracement after this little run may pull the stock back to a retrace level of S (support) around .41If it taps .41 (or a few cents lower to pull out the stocks from those shorting the stock) I may look to enterIf it breaches the .41 it could go back to a secondary retrace level of S (support) of .21 to .24I don't want to watch my money go backward, so timing is critical.We have a target of .62 to .68 so I need to ensure I get the best price.If the price is above the previous day's close at the open of .36, I may add 1/3 position to see if it continues .If price continues upward, I will add. MACD is very bullish.STO still a little bearish to me, but will watch  (another reason I am not definitely opening a position)RSI bullish for intermediate termI like the candlestick patterns of the previous days and the long bullish candlestick for Friday.The long shadow is a positive to me (show strong buying pressures: the prices advanced significantly from open to close, but didn't close at the high of the day...so we need to monitor) Any backward price movement will cause me to maintain a holding pattern for opening a position.  ****************************************************************************************************    QTM  Close: .99Target: 1.65 yo 1.80Continuation Triangle I will go live if further confirmation is present. Chart pattern: break-out (W) and triangle are my alertsCandle pattern: black spinning top (indecision) with previous days bullish candles* If Friday's candle been more bullish, I would be prepared to open a position tomorrow.I may wait to see how Monday plays to provide the bullish confirmation. MACD and MA (moving averages) are bullish.STO neutral to bearishRSI  neutral to bearish but long-term bullish I may still enter if:I see 2 or 3 bullish candlesticks open gap up Monday. (I use 10 minute candles) A bullish candlestick above Friday's close on Monday's close (above .99) That could signal my entry on Tuesday.  @kunal00http://www.bullsonwallstreet.com/blog/post/GamePlanMonday8172009.aspxhttp://www.bullsonwallstreet.com/blog/post/GamePlanMonday8172009.aspxMon, 17 Aug 2009 12:35:01 GMT  As I woke up and checked my computer the scene is in Asia was even more gruesome than when my great uncle Eduardo Phillipe Ghandi had unleased Godzilla many of years ago B.K.(before Kunal) The Nikkei fell 3.1% to 10,289. The Hang Seng was down 3.5% to 20,169. The Shanghai Composite was off 5.8% to 2,871 Our own S&P is gapping down 2% which has not happened in months.  Today poses an interesting issue. The dip buy has been the most profitable way to operate. Ill watch the volume closely today. This type of gap down is not an orderly way to open so I wont be buying but I will watch the nature of the day to see if this is a low vol pullback or there is something more meaningful happening behind the scenes. In the meantime I will spend the day eating large quantities of red meat preferably pepperoni drinking coffee getting watchlists ready in case for the need to deploy some cash@copperstlhttp://www.bullsonwallstreet.com/blog/post/ATADisNOTaTickerSymbol.aspxhttp://www.bullsonwallstreet.com/blog/post/ATADisNOTaTickerSymbol.aspxSun, 16 Aug 2009 0:16:19 GMTI'm a bit serious today. Reflecting at this past week, I suffered withdrawals while on business travel. By Wednesday, I was ready to "stop the week" so I could get off. I missed Trader-verse! Who knew several months ago, when I stumbled upon Twitter, I would become so ADDICTED to the fellowship it provides? We are indeed a true community, sporting a variety of real people behind the fancy avatars, stock talk, research, and tinylinks. Your tweets draw me into a virtual trading world. While working a hectic week, it was so nice to see tweets from @keith589, @lukerockstar @ManahorRoy @BigD7007 @vulcan77 @docking, @ljjones1967, @crshburn, and the tinysongs from our own Music Man, @Celtsfan348. I can't list everybody! But thank you! People pleasers unite! I have worked as an independent consultant for years, and even today, I still over-promise and over-deliver. I suppose there are many of us in that group. However, I am at the point that even part-time consulting costs too much money as it pulls me from the trading desk. As a trader, I make more money than I could imagine.......so why do I pack up and travel each month? Because I gave my word to complete these projects years ago.   Enough about me - let's talk about you!  You are busy too, with demanding jobs, family obligations, and financial goals. I urge you to take time to educate yourself each week. If you are too busy to allocate quality time to master your trading strategies, this time next year, chances are - you will still be trying to ascertain why your portfolio hasn't grown, or why you haven't become a more effective trader. Busy people can undoubtedly operate as profitable traders with the proper network and skills. More trained eyes on the market ensure increased opportunities. For years, travelling 48 out of 52 weeks, rushed and exhausted, I still made time to back-test strategies, study the markets, and perform trade set-ups for the next day. I documented mistakes, celebrated successes, traded during breaks, and searched for more knowledge. (FOREX comes in handy on those long nights in airports.) I was able to "work" less and trade more as the successes grew more frequent.  I encourage you to do the same. Explore strategies and tactical plays for busy people. I was a successful trader on the travel circuit because I chose to make it a priority. I urge you to stay focused, chart your progress, build your tool box, and let go of failures. We have no room for them here. Each day is a new day, and with it, new opportunities. ATAD (that's not a ticker symbol).  It's an acronym for my motto: Another Trade Another Day. Your tweets have become a part of my day, my trading profession, and my life..... I thank you.Thank you Stockgod, and of course, Kunal for bringing our community together. Now, let's trade!Leigh@urbanrynohttp://www.bullsonwallstreet.com/blog/post/SayHellotourbanryno.aspxhttp://www.bullsonwallstreet.com/blog/post/SayHellotourbanryno.aspxSat, 15 Aug 2009 4:33:07 GMT     Hello, trading world. My name is Ryan, but acquired the nickname Ryno long, long ago for reasons I can't recall.  Not sure if being called Ryno is a good thing since rhinos have very poor eyesight, easily panic, and often run into trees during traumatic attempts to escape whatever the hell scared them.  Seems quite opposite of how I play the markets, but the name stuck.  Running, panicking and not seeing what the market puts right in front of our faces can be very painful - going broke can feel like running into trees. I've been trading, and more importantly, managing my own portfolio, since the late 90s and of course, I thought I was the stud of Wall Street OFF Wall Street at that time (I grew up and live in Austin, Texas).   Then, to my astonishment, I discovered that everyone else was making money during the tech boom, too. Duh.  What I didn't comprehend at that time is I had no idea what I was doing  - I was riding the wave. When did I come to this epiphany?  Well, the markets gave up on the dot-coms and the tide of money went back out to sea.  Being heavily invested in anything with a URL,  I was left standing naked on the shore holding empty money bags next to a bunch of other young guns with empty money bags. In the big picture, I made a lot of money between 1998 and 2001, but then gave almost all of it back. It was time to learn what the hell I was doing.  My trading account was almost empty, but my determination to make it work was overflowing.   I spent the next year reading and educating myself while, at the same time, staying away from trading. My schooling is in advertising (Graduated from the University of Texas back in '96) and my career is in marketing - currently an Online Project Manager for a Fortune 50 tech company.  My day job is all about understanding people - buying habits, trends, consumer money flows, etc..  A perfect marriage actually - I feel that consumer sentiment has a larger role in macro economics than often credited. I often trade by economic calendars and trend data gathered by gallup.com. Can the market really sustain a large bull move with decreasing consumer confidence?  I setup short plays when the divergence grows. These days, I spend most of my hours holding down a career while fitting in time for my true love - day and swing trading.  I primarily focus on momentum breakout setups.  I study the charts and even dream about them - yeah, that's sick, I know. Since I rarely hold a stock more than a day or two, I spend little time in the fundamentals.  It's all about volume trading for me - satisfies my addiction.  I often look for segments/industries on the move and then search for the laggards with the best setups within that industry. My goal is to leave the corporate lifestyle some time next year so I can trade full time with nothing but a swimsuit on and a cold beer within inches of the keyboard. If you ever want to talk about weather (I'm a weather freak), college football, cold beer, best places to listen to good music, or macro economics - ping me.   The stock market can be intimidating with all the CNBC talking heads (clutter in my book), money scandals, and fancy suits.  But, we have BullsonWallstreet to sort through the clutter. I'm here to be part of a team that brings education, encouragement, and excitement to the individual investor.   Enough talk - let's make some cash-money.@stockgodhttp://www.bullsonwallstreet.com/blog/post/TradeforYourselfandWin.aspxhttp://www.bullsonwallstreet.com/blog/post/TradeforYourselfandWin.aspxFri, 14 Aug 2009 20:56:40 GMTMany years ago I worked closely with this loser broker when I held a position in a tech fund. He constantly tried to give me investment advice while I was running my own plays. I always wondered why the guy who was trying to give me investment advice was wearing a fake Tag and I was wearing a Patek.  Call me a pompous prick if you want, but I assure you it wasn’t because he didn’t like watches.  This guy was full of himself; he wore fake brands, bought his girlfriend a fake diamond ring, and drove a maximum leased 911 turbo. This guy was only interested in his commissions and himself.  He was not interested in helping me or anyone else.  The watch thing made me realize that I was better at his job than he was.  Over the years I gained confidence in my “uneducated” trading discipline. Probably the key to breaking free from a broker is to gain confidence in your own ability to manage your own money. Twitter has honed my abilities and helps me stay disiplined.  You new traders have no idea how good you have it!  It was a great week this week, depending on your perspective.   I was way up earlier this week on $NEP, $PUDZ, $SYMN, $YGII, etc and so forth (so many you all know what they are!).  I sold a bunch of my $SYNM in the 3’s even though I love this company.  I now feel uncomfortable because I was holding a “mega” long position with a very low average.  Now it’s time to regain that position, but it’s not easy as I’m not a momentum type of trader.  More on that in a minute. $NEP and $PUDZ both put out their numbers.  Overall I thought both companies did pretty good – and considering Puda doesn’t do funny accounting tricks like some of the American coal companies I was impressed.  Needless to say I continue buying the dips, but I was very surprised to see it hit $4.05 today.  That’s like .57 pre-reverse split.  Seems very unreasonable, the typical “reverse split” mentality is affecting the stock.  Puda has a good thing going; they are a profitable company in an industry that’s at the very bottom.  Their biggest problem is their marketing sucks.  The conference call was terrible, the CEO can’t speak a word of English, which I really have no problem with, but when you’re trying to get investors excited about the future you need to have a good presenter.  Laby Wu stepped in, but even she couldn’t excite the people on the phone.  Then again the people on the phone were nobodies as far as I could tell.  They asked stupid questions like “when are you going to the amex?” --- bottom line is Puda needs to get the word out, and they just are starting to figure this out.  …but regardless, nothing tells a great story better than good numbers.  Stare at a spreadsheet long enough and the numbers tell the truth.  That’s a fact.  Now $NEP, on the other hand did incredibly well.  They just uplisted and they’re doing a tour across NYC.  They have a good management team who seem to always deliver.  Again, I’m buying this on the dip, not in the 6’s, but certainly in the 5’s.  Look forward to their first conference call next quarter. Let’s talk about the core position issue.  Why on earth should one feel uncomfortable selling a mega position of $SYNM when the price they sold it at is higher than what they could buy it at?  I guess that’s what makes me unique.  When I sold a big chunk of my $SYNM I was left with very little.  Today I picked up some at $2.85 even though I anticipate the stock could go as low as $2.50.  Why did I do this? – it’s the “Fuck You Surprise Factor”.  In a stock like $SYNM where the fundamentals are all their, where they continue to deliver and update their shareholders on the progress of their plant – where the department of energy, at any time, could make a major announcement and flood them with cash… well it’s a pretty obvious scenario that any bit of positive news could send this stock up and a big “Fuck You” to all those who are short and/or missing the bus.  I’m not prepared to wait or chase.  Instead I bought some at $2.85, and I will continue to buy all the way down to $2 if I have to.  Next quarter could be very interesting.   Sure I could have bought my mega position all in at $2.85 over the last few days, but that’s never good either, better to buy over a quiet period and get a low average before the next spike.   This type of buying probably surprises most of you short term traders.  Those of you looking to make income from day trading will only get heartburn from following me in a bear market.  On the other hand, when the market turns around I usually win huge from all the bets I place.  There are far superior momentum traders out there.  @Kunal00 has always been a favorite of mine – he’s simply incredible, and @CopperSTL is proving she can hold her own.  She makes some risky bets in comparison to me – she offers full disclosure – and if you look at the performance of her picks overall they have performed well. Take $RTK for example.  She was playing this thing at the bottom, and I sat there waiting.  I finally participated after a 100% move – starting to buy at $1.15-$1.23.  It’s blew through $1.50 today. Unreal.   The other thing about Leigh is she’ll take the time to talk to you and teach you what she knows.  She has no heirs about herself; she’s a total package with incredible southern charm. We have more bloggers joining us soon, stay tuned. Anyways, that’s enough rambling for today.  Hope you get the difference – I am a long term investor, I seek out heavily undervalued companies and dump a bunch of money in them until I am satisfied with the number of 0’s after my position.  While I may not always agree with Kunal or Leigh or anyone else, it has to do with time frames and different trading styles.  The beauty of Twitter is you can follow who you want, when you want. Next week it’s re-investment week. Between this week and next week I am adding more cash into the market, even though I know we could see a pullback, I’m buying this pullback as I am anticipating a run in some of the plays I’ve been buying over the next quarter. Good luck ya’ll, have a great weekend!    @stockgodhttp://www.bullsonwallstreet.com/blog/post/Ishankedabeartoday.aspxhttp://www.bullsonwallstreet.com/blog/post/Ishankedabeartoday.aspxWed, 12 Aug 2009 21:45:18 GMT   While I'm busy making money and shanking bears I caught a few people on our stream buying $FAZ today.  One of you had the nerve to ask me if you should buy it!   Seriously guys, just who is "investing" in $FAZ right now? Do you hate money?  $FAZ, folks, is NOT an investment. It's a shitty day trading vehicle that you simply cannot trade unless you pay attention to the macro trends, major news, and combine that with technicals, a bag of coke, a bottle of rum, and some seriously stupid money.  Unless you are @aiki14 (and even he has a tough time trading this shit some days, but not nearly as bad as the rest of you), you simply cannot win!    If you believe we are going bearish short some real stocks, don't buy $FAZ assuming you know what you're doing, because you have no idea what you're getting into. You're better off roasting marshmellows with your money. On that note, can someone please find that tweet I sent to that dude sometime last month.. It was in response to his $FAZ tweet saying it looked "delcisious" - I asked him how that shit tasted at $34. I can't find the tweet, I want to tweet him again.   ...the bears are fucked for the time being. We continue to win on our bullish positions, you know what they are, hang tight and enjoy the ride!  Do keep in mind that this ride won't last forever, the bears will get their days in the sun, this is why I prefer to invest in heavily undervalued companies with strong balance sheets & strong stories/income. Take profits, often, but there's nothing wrong with leaving some on the table.Anyways, next time you think about buying $FAZ, follow this formula;    Total Faz Shares I'm thinking of "investing" in x Current Faz Share Price=X   X / Current Trading Price for what @stockgod or any of the bloggers on @bullsonwallst suggests to buy instead=what you should be buying instead.   Good luck!@kunal00http://www.bullsonwallstreet.com/blog/post/GAMEPLANMidDayupdate.aspxhttp://www.bullsonwallstreet.com/blog/post/GAMEPLANMidDayupdate.aspxWed, 12 Aug 2009 13:29:23 GMTEarly AM:Many of you must be wondering what my gameplan is.........ABSOLUTELY nothing. I got nothing to do today except count my winnings for the last month as I guzzle dark black vats of coffee and laugh at people on twitter who are trying to find a trade. I am finding interesting stocks but not in the range or the setups that i prefer so I will wait with the patience of Mother Theresa's boyfriend.....just waiting and waiting for that special moment! ill post some charts at lunch so you all have something to munch  on besides that transfat laden food youve been shoveling.Captain Jack is sitting on 50% cash and ready to blow12:30---- tick tock tick tock tick tock I love these days.Even as I decide to sit on my firmly toned butt and do nothing I experience winnings. Well Mr. Market roasted the nutsacks of all the bears who were expecting this to be the their first shot at redeeming their silly lives. Nothing pleased me more as I read posts circa 3am "omg China getting torched, Japan in a freefall" Listen the Japanese Prime Minister could commit Seppuku for funneling money to Al-Qaeda and it would barely dent our market.  The drunken fratboys on WallStreet have determined that are market must go up and there is nothing you can do about. I am a swingtrader I like to buy pullbacks in oversold conditions and vice versa. Unfortunately in this market there is little I can swing since the market wont pullback and I dont see an edge in chasing up this high.  I think SPY 98 is a semi decent place to dip back into multiday swings So I will trade breakouts on small dumpy companies that generally add no value to the world and shit on 99% of its shareholders. Also look at some of these little finnies. Some of them look coiled for some moves. Heck with CNO,AIG all these guys making monster moves last month take a look at ACAS, PNX, CT.   @stockgodhttp://www.bullsonwallstreet.com/blog/post/GetSomePerspective.aspxhttp://www.bullsonwallstreet.com/blog/post/GetSomePerspective.aspxTue, 11 Aug 2009 0:46:15 GMTThanks to all of you who sent the great letters and comments I received this week on the stocks.  I had some great picks no doubt, probably too many to list.. but it's time for a little something different. Believe it or not I have a grasp on reality, although my sense of humor may not reflect as much.As I sit here wondering what I'm going to say next I'm sipping on a really nice Amarone and puffing a Cohiba Especial Cuban. This cigar is the exact one that Fidel Castro used to give to his Generals as a reward.  It's a killer cigar, been aging it for 8 years now in my humidor. How much better can life get? We are all so fucking lucky. I travelled to India for about six weeks some time ago. We did the typical tourist thing for awhile, but then I got bored. I decided it was time to go through some of the villages of Hyderabad just to see what life was like on the other side of reality. I have travelled the world, been to all sorts of places, but to be perfectly honest I have never been to a place quite like the villages surrounding Hyderabad.  The first thing we saw when we pulled up to this place was a giant rock with "shell shaped" cow pies all over it. Ya, the kids play with shells, grab some cow shit and create a shell form of cow shit on the rock. I guess you could say there isn't much to do out there. The kids all go to a tiny one room school, where they also hold community events. We were invited into someone's home where they served us cold drinks in mildly dirty glasses. Their house was a mud hut, they had 18 people living in the place and it was the size of my master bathroom. The kids were standing there in awe of us, watching every move we made intently. I noticed in the distance the trench that was dug along all of the huts in the back, that would be the washroom.  They were extremely happy that we were visiting, ever so generous. I quietly insisted to my family that we sit down and finish the drink before we got up to leave. I was with my father in law who happens to own the farm that this community lives on. I offered the family some money as a wish of good luck, certainly not much to write home about - but about a years worth of income for four of them.I'm married, I have kids. You'd never guess from my Twitter persona, but I'm a dad. I’m a fucking good dad, but I’m also a guy who came from nothing and learned the value of money at a very early age. I wanted my kids to understand that money doesn't grow on trees. They were shocked that the kids of the village had never seen a DS before, let alone an iPhone. My kids learned a great deal from travelling to India, unfortunately memories are easily forgotten, so it’s probably time for us to go back again in the near future. The most eye opening thing about our visit was the incredible perspective that these villagers have about life. Even though these kids had absolutely nothing in terms of toys, they were all smiling, laughing, and playing. They all seemed very content with life. If you've seen Slumdog Millionaire yet you'll get the idea, these kids dressed and looked no different. The parents only wish is that they make enough money to send their kids off to the big city for a higher education. con·tent [kuh n-tent] adjective satisfied with what one is or has; not wanting more or anything else. If you were to die today would you be happy with what you left behind as your legacy? In other words, would your wife and kids be okay?  Would there be any question that you lived a full life or not? If you are unsure you might want to re-think your life and plan like you've never planned before. I'm certainly not saying that I'm content, but I'll tell you what; I have never seen a place like this before. Those kids were happy playing with piles of shit. What would you need to be content with life? Is it money? Trust me when I say, no amount of money will not make you content. It'll help, and it's a step, but it's not the holy grail.Think about what would make you content, write it down on a white board. Keep it on an easle if you want in your office. Stare at it everyday, and use that as your ultimate goal in life.  Remember, no matter how much money you're making or losing at this point in life you're still better off than most of the people on this earth.Good luck in finding your perspective. @copperstlhttp://www.bullsonwallstreet.com/blog/post/TheresaLadyintheHouse.aspxhttp://www.bullsonwallstreet.com/blog/post/TheresaLadyintheHouse.aspxSat, 08 Aug 2009 17:52:37 GMT   After reading Stockgod's commentary ...surely, there is no Stock Nazi?? and Kunal's story of getting caught with his "twitter" down, I thought I'd chime in to remind the Big Boyz - there is a Lady in the house! And I mean that with the greatest respect. These two crazy traders hit home-runs and rack up RBIs. While, I may be donned in lipstick and high-heels, I'm running those bases right their with them.   Now, "femaley" speaking, I see trading in the same sense. (yes, I made that word up too). The intentional flirtatiousness of the trade, the heat of the market passion, the romantic candles of the chart before me, and soundtrack of Twitter Tweets. Ahhhhh.....the ambiance at the trading desk.   Kunal touts his bowling balls. Well in the name of Ladyship, I tout my "galls"...some of you have heard me say, I don't have what the guys have 'cause I'm a girl! Someone tweeted this week a request to send over any remaining ice water from my veins his way. He, as with many traders, is dealing with the emotional componet that surrounds the live trade. But he's correct, I am not moved by anything when I enter and manage a trade.   Some of you have watched me long enough to know I am in and out of a trade, often before you can read the tweet. I don't often post everything to minimize confusion. But as a dancer, to quote @cpruette, I am light on my toes. Some of you are not ready to day trade, either lacking in skills, the bank account, or the emotional control. So start with longer term trades - with our own Stockgod. Then move into the "swingers" club with the Brown Brad Pitt.   The main point: leave the emotion out of trading! Trade what you see....remember to remove noise....and focus. I can trade any chart, anytime, anywhere....with the right strategies. However, I CHOOSE to trade only the best charts....in my opinion.   Use your due diligence and instincts before you try on Stockgod's bull facade, Kunal's white pants, or my high-heels and follow in a trade. If you don't like what you see on your side of the trading desk, make it right....for you!   Thank you Twitterverse for bringing our trading community together! So, pick up your bowling balls, slip on your princess slippers (and you know who you are) and let's get to trading.   BOWS has a few things to bring to the party, and it's merely the beginning.   Lady Leigh @kunal00http://www.bullsonwallstreet.com/blog/post/SomeWeekendReadingfromtheBrownBradPitt.aspxhttp://www.bullsonwallstreet.com/blog/post/SomeWeekendReadingfromtheBrownBradPitt.aspxSat, 08 Aug 2009 2:26:31 GMT   The death of Kunal00, French Govt send Hacker Croll for termination     Thursday August 6th forever will be a day that lies deep in my big heart. It was Kunal gone wild..... I had woken up extremely early that morning (much earlier than you i can assure).Had my usual breakfast of 6 egg whites, 6 pieces of sausage, 6 pieces of ham, you know a mans breakfast. I remember feeling quite jolly and proud of myself as i drove to my office flicking off unsuspecting drivers with ohio license plates.     Little did I know that an evil little Frenchie named "hacker Croll" was out to ruin my day. As I got to the office to run my premkt scans guzzle 3-4 cups of coffee and make my lazy employees do their Calisthenics japanese style circa 1986 i had noticed something very peculiar to my twitter. fucker didnt work.     At first I was slightly saddened not being able to read @jweaving s incessant ramblings on random topics that make no sense or the random songs that get sent every few mintues by @celtsfan348. But then I percolated and got giddy like a school boy. One that was about to get to 2nd base for the first time. This could be magical without anybody watching or following me I could have some actual fun and do some real trading. Being a great trader on twitter is equilivant to being a Class A Porn Star. its just not for everybody unless you got a pair of bowling balls between your legs. Thats why you see so many jokers post all those damn articles and charts but never any fucking picks. For the first time in 9months I could be that big pansy, the guy who just links articles, I could freewheel buy and sell stocks like a coked out Bear Stearns broker on margin. No remorse no repercussion, nobody will see my mistakes like spring break 2008! w00t w00t.     well that was a fucking mistake.Seeing the big premkt gap on many of my stocks like CT, PACR, YRCW...I unloaded a massive load of shares(for big profit) and was sitting on 90% cash. As soon as mkt opened they faded back to my original buy prices so without even looking at the charts I started my positions. As the day continued All 3 stocks were down in excess of 10%.So i bought some more like a little kid reading his first porno i just couldnt get enough.And down down down they went like a toilet seat. So like every self respecting man who is not being watched, i removed my stop losses and tried to trade my way out of the mess.The mkt even made a minicomeback but unfortunately all my shares of these three p.o.s closed near their lows. My first down day in almost a month it was an ugly scene our 60year marketing director's appendages were seen all over the conference room in a bloody heap while gunned a pack of Cowboy Killers on his carcass. I took off my cape for a moment and seriously almost had a glimpse of how mortal men live. You know the type: the guys that have 4 door domestic cars,a boss at work, and drink Budweiser products.     All those times I said "beware of the Frenchman with the lazy eye" man....who knew that he would be so pissed about it and come out to get me on such a fine thursday morning. That the frenchie would try to teach me the ultimate lesson.......losing....Probably the only ballsy thing a frenchman has done since the French Revolution. Well I did lose that day and learned a very important thing. The bozos on twitter who ask me the same question a thousand times, the jackass who questions my most brilliant trades, my dear friend skip weiler(i love this man...not in a gay way) asking me whats the gameplan everymorning. These are the guys that are making me rich. They hold me accountable, i hate being responsible for other peoples losses.Like every good pornstar I will never fail in front of crowd. I will always "get up" for i am "the man in white pants".     In the end I didnt learn any lesson, all the stocks rocketed up bigtime today making my account up over 5%.The only lesson I learned is that when your young, brilliant, and ridiculously good looking there can be no losing. Well that and a good bull market will mask a lot of stupid mistakes like it did mine. Twitter has been a good thing for me.....reigning in all my excesses holding me accountable.You guys are awesome. Bullsonwallstreet is going to take that concept to the next level and we all are going to make some huge cash even enough for @jweaving to finally get those implants he has wanted the last year. @BullsonTechhttp://www.bullsonwallstreet.com/blog/post/Suggestions.aspxhttp://www.bullsonwallstreet.com/blog/post/Suggestions.aspxFri, 07 Aug 2009 20:37:46 GMT   Hi everyone! We hope you're enjoying the beta on BullsOnWallStreet so far, we've had an incredible time developing the site and the feedback has been very positive thus far. We have received an incredible number of suggestions and decided it would be best to setup a suggestion email address so we can put them all in one place.  Please email any and all suggestions & feedback for the site to suggest at bullson.ws. Thanks, and happy trading!  @stockgodhttp://www.bullsonwallstreet.com/blog/post/NoStocksforYou.aspxhttp://www.bullsonwallstreet.com/blog/post/NoStocksforYou.aspxFri, 07 Aug 2009 5:06:32 GMT   Fear is an interesting emotion.   When we first started BullsOnWallStreet we did it because we wanted to offer a site where people could openly communicate & research any stock.   We wanted the site to be open and free to all. We also wanted to make sure that we had some of the best traders dedicated to offering help to our community. Traders like Kunal aka @kunal00, and Leigh aka @CopperSTL --- and there are more who will be joining us as we push forward to help us all succeed at becoming great investors.   It seems that our competition is doing everything they can to marginalize us. It started in May when they banned me for no good reason. Much to their chagrin people on their site kept thanking “stockgod” for my ability research stocks that deliver a fantastic return, so at some point they actually banned the word “stockgod” from their site.   The impetus for creating BullsOnWallStreet occurred when they banned me in May, then they accused me of being a stock promoter, they tried to discredit me. It took about two days, but most intelligent people figured out that they made a serious mistake. There is a damn good reason my followers keep growing.   So we just launched our beta, and it has been incredibly successful. People are emailing, twittering, etc, telling us how awesome the site is. It seems as if our site is getting stellar reviews thus far. Apparently the higher ups at over there are now telling people to not use BullsOnWallStreet to tweet about stocks or they will be removed from their site.   I would encourage anyone who is interested in making money and learning about the stock market to do what feels right to them. Use all sites and all forms of research. Don't let someone tell you how to invest, ever.   Rest assured, no matter what happens we'll keep going, and our site will only get better. I’d still like to wish our competitors good luck. Keep in mind that this is Twitter, and no matter what they say and do they cannot stop the open source real time micro-blog movement from Twitter.    In business, as in life, don’t ever let anyone push you around, and don’t let a bully get in your way. @kunal00http://www.bullsonwallstreet.com/blog/post/Herecomethemonkeys.aspxhttp://www.bullsonwallstreet.com/blog/post/Herecomethemonkeys.aspxTue, 04 Aug 2009 17:09:39 GMT  Judging by the moves in KFN, BEE, SRZ, DTG etc America is baaaaaaaaaaackkkkkkk.  Hi debt plays are exploding.  All is well in the world. Consumption is back. Cash for Clunkers!!!  Soon enough you will see Americans using their credit card to have trysts with office coworkers and farmers daughters at the W Hotel. You will see them smoking cherry smelling cloves at the local brewery since only cretons smoke marlboros.  You will Californian bikers with thick handlebar moustaches taking sabbaticals in the French Riviera copulating on the beaches laughing at the French for their thin wispy moustaches, buttery foods, and high taxes(oh wait I know another country with high taxes)……   As the market is being run by chimpanzees in pink fanny packs all swing trades to the longside are pretty much negated.  We need to see a nice orderly pullback for anything on my focus list to be in play.   Next couple days “the man in white pants” will strictly trade breakouts, earnings breakouts, and scalp high debt plays that look to run.   Todays only buy is YRCW at 1.55. Me like under 1.60. They are getting a debt deal and are currently negotiating with their unions for lower wages. If that happens the stock will run just like the auto’s, auto parts suppliers did. P.S. the company is in some real trouble so trade the momo if it dumps below 1.38 area sell it.@BullsonTechhttp://www.bullsonwallstreet.com/blog/post/HelpwiththeSite.aspxhttp://www.bullsonwallstreet.com/blog/post/HelpwiththeSite.aspxTue, 04 Aug 2009 6:21:59 GMTWelcome to Bulls On Wall Street, or as we like to refer to it BOWS. The first thing you'll want to do is follow @bullsonwallst on Twitter so you can participate on the site at a deeper level. The BOWS site offers a central point of research for all stocks on most exchanges. You'll notice the integration with Twitter allows you to follow some of the best traders on Twitter, watch their history, and make decisions based on their knowledge.  On the right hand column you'll see various research areas including the Yahoo Finance and Google Finance forums.  Both of those forums are notorious for pumpers - but the smart people know there is great information to be found on these forums even if it requires a little digging.  There are links to other research tools as well, and as you become familiar with them you'll start to understand how some of the best traders make their star picks. You'll also notice that some of the tweets show up in various colors, yet some have a bull image and some don't.   In a nutshell this is how it works:  anyone with a bull on their tweet is following the @bullsonwallst site and you'll be able to rate that user and offer testimonials and other cool features. anyone without a bull is just someone trading on twitter, no guarantees that they know what they're talking about - be careful!  any tweet with a green background is mentioning YOU.  any tweet with an orangish background is DMING YOU.  if you want to tweet a commentary and want it to appear on the bullsonwallstreet stream and other streams use $$. if you want to tweet a commentary and want it to appear on the bullsonwallstreet stream use #bows . you don't have to use $ with #bows. You may use one or the other.  if you want to en