Psychiatric Solutions, Inc. (PSYS) turned into a great short for us mid day Friday I cleared $1,000 profit on it. You can view the trade right HERE. Some people may doubt since I listed about $5k+ of profits so far for Friday so I figured I’d just screen shot some of these trades for you guys .. everyone in chat has the calls real time anyway but for those who are just reading… you can see our Total Nutraceutical Solutions (TNUS.OB) profits or BIO-key International Inc. (BKYI.OB) profits from either of those two recaps. and I had been watching it climb the prior few days with non-stop HODs so it only made sense it was on my radar for the short. The market was in the crapper for most of the day so I alerted the short on this as soon as I saw weakness combined with another downturn in the market itself. Turned out just great for a bunch of us in chat.

Here’s from chat logs viewable HERE

[Oct 30, 2009 7:57:33 AM PDT] InvestorsLive PSYS heavy short watch today – later in the afternoon

[Oct 30, 2009 8:38:18 AM PDT] InvestorsLive shoooop on the mkts

[Oct 30, 2009 8:38:44 AM PDT] InvestorsLive PSYS nice fades so far

[Oct 30, 2009 8:38:48 AM PDT] InvestorsLive still like this for s/s

[Oct 30, 2009 8:46:46 AM PDT] InvestorsLive PSYS maybe a sub $20 move later in the day

[Oct 30, 2009 8:55:53 AM PDT] InvestorsLive PSYS re-test 20.50 to the downside

[Oct 30, 2009 8:56:05 AM PDT] InvestorsLive liking the fade so far

[Oct 30, 2009 9:02:49 AM PDT] InvestorsLive sPSYS

[Oct 30, 2009 9:03:05 AM PDT] InvestorsLive hope some of u guys caught that s/s

[Oct 30, 2009 9:15:08 AM PDT] InvestorsLive PSYS

[Oct 30, 2009 9:15:14 AM PDT] InvestorsLive anyone follow in on the s/s ?

[Oct 30, 2009 9:36:44 AM PDT] giantseaturtle vol on PSYS, whoa

[Oct 30, 2009 9:44:51 AM PDT] InvestorsLive PSYS dropped the .25 support

[Oct 30, 2009 9:44:57 AM PDT] InvestorsLive give me that $20!

[Oct 30, 2009 9:45:20 AM PDT] Ironman

[Oct 30, 2009 9:45:24 AM PDT] Laura $20 will be nice

[Oct 30, 2009 9:49:03 AM PDT] InvestorsLive PSYS

[Oct 30, 2009 10:01:32 AM PDT] InvestorsLive PSYS $20.03

[Oct 30, 2009 10:05:44 AM PDT] Fugu psys

[Oct 30, 2009 10:06:53 AM PDT] InvestorsLive BINGOOOOOOOOOOOOO $20 .. up .50 cents

[Oct 30, 2009 10:11:58 AM PDT] giantseaturtle PSYS red

[Oct 30, 2009 10:12:12 AM PDT] InvestorsLive

[Oct 30, 2009 10:12:16 AM PDT] InvestorsLive patiennnnceee

[Oct 30, 2009 10:12:23 AM PDT] InvestorsLive I hope mroe than juts a few got that PSYS s/s ..

[Oct 30, 2009 10:12:28 AM PDT] peter s/s PSYS?

[Oct 30, 2009 10:12:39 AM PDT] peter missed

[Oct 30, 2009 10:12:40 AM PDT] giantseaturtle i’m looking to flip soon

[Oct 30, 2009 10:12:46 AM PDT] InvestorsLive 11:39:10 PSYS SS 20.46 500 11:39:10 PSYS SS 20.46 500 11:39:00 PSYS SS 20.49 100 11:39:00 PSYS SS 20.49 100 11:39:00 PSYS SS 20.49 100 11:39:00 PSYS SS 20.49 100 11:39:00 PSYS SS 20.49 400 11:39:00 PSYS SS 20.49 100 11:39:00 PSYS SS 20.49 100

[Oct 30, 2009 10:12:54 AM PDT] peter nice

[Oct 30, 2009 10:12:54 AM PDT] giantseaturtle yeah, watching for support

[Oct 30, 2009 10:13:40 AM PDT] InvestorsLive covered 1k

[Oct 30, 2009 10:13:48 AM PDT] InvestorsLive +.50

[Oct 30, 2009 10:17:22 AM PDT] InvestorsLive covered rest of PSYS

[Oct 30, 2009 10:17:31 AM PDT] InvestorsLive should go south from here lol, 2k +.50ish

[Oct 30, 2009 10:47:44 AM PDT] peter PSYS bounce

[Oct 30, 2009 10:50:13 AM PDT] InvestorsLive $20 was great cover guys on PSYS

[Oct 30, 2009 12:33:40 PM PDT] InvestorsLive PSYS wow what a rebound