Hot Stocks on Watch for the 10th of March

Posted Tuesday, March 9th, 2010 9:18 PM in DailyRead, DailyScan by InvestorsLive

The Q’s continue to rock out portfolios, Lehman Brothers Holdings Inc. (LEHMQ.PK) called for a gapper last night had 200k at .165 avg sold it all over .20 today… nice stack of cash there …. Washington Mutual Inc. (WAMUQ.PK) we already know… IndyMac Bancorp Inc. (IDMCQ.PK) super sick another gapper for us… left a lot on table had 279k over night sold .07-.085 and only had 25k left by the time it crossed .10 WTF … better than losses but seriously leaving a ton of profits on table!

If you guys aren’t making money in the chat room please let me know… we gotta tweak it because this is one of those hot streaks that….. shewwwwww can supercharge your portfolio’s

Washington Mutual Inc. (WAMUQ.PK) just craaaaaaaaaaaazy!!!!!!! Lot’s to say about this one:

1. We woke up with a HUGE gap, congrats to everyone to held it over with me
2. Great call on the fade, and read test
3. First bounce play I was early, scalped out as stated in chat on failed bounce -.015 ish and THEN
4. We watched like a HAWK, straight down and absolutely nailed the bounce, had huge shares sold a ton out way to early,… but that’s life big big big big profits there
5. Nailed the 2nd bounce for .05-.06
6. Nailed the next bounce for red/green move that ALMOST happened came .015 short…

No position, will watch dips for tomorrow and see what happens all around just awesome day today lotta folks banked in chat!

One note on bounce plays:

In chat most people like to know what I am thinking, I get like 20 PMs on big drops like this “Where is bottom, what do you think it will bounce at… etc etc” Only makes sense to put what I am playing in chat so I don’t have to answer 20 individually HOWEVER I do not feel if you have to ask, “Where do you think it bounces, where should we buy” and this is no offense to anyone, I don’t think you should be trading it most times because it’s one of the riskiest but yet most rewarding plays.

When I’m trying some as I did earlier, not much size.. I will post when I play size as I did today where I am confident such as today:

[Mar 9, 2010 9:44:56 AM PST] InvestorsLive.3421 I got bigly this time so hope it turns

Regardless this stock is still in play, still scalp mode … and still a trading machine

Americas Energy Company (AENY.OB) got a nice short off at 3.4999 pre market today, saw Reaper followed as well, turned out to be the best short spot of the day Covered that batch on the fall for $700-800 then reshorted the pop (see below) covered most before close still short 4k shares with a 3.415 average from Monday in swing account.

[Mar 9, 2010 5:47:45 AM PST] InvestorsLive AENY is shortable at SpeedTrader

[Mar 9, 2010 5:47:47 AM PST] InvestorsLive holy moly !!!!

[Mar 9, 2010 5:48:33 AM PST] InvestorsLive im on offer

[Mar 9, 2010 6:08:58 AM PST] InvestorsLive 09:00:41 AENY SS 3.4999 3000

Reshort

[Mar 9, 2010 7:44:03 AM PST] InvestorsLive shorted some AENY again

Mesa Air Group Inc. (MESAQ.PK) beautiful move today … just about the whole chat room nailed this one (by the looks of it, PMs and comments in chat) sold some into the close, holding rest over looking for gap

Smurfit-Stone Container Corp. (SSCCQ.PK) great mover these stocks are insanely fun, you can play size on each and every move the volume is there… sold some into the close holding rest over great moveeeeeeeeer

Biovest International Inc. (BVTI.PK) on scan yesterday ” watch for tomorrow $1.50 + break may speed up and breakout .. then profits – then we hope for a drop so we can play the bounce” man oh man just take a look at the 1 min chart from today, the move… the drop… the bounce… the recovery, closed HOD over night a bit

[Mar 9, 2010 12:51:03 PM PST] InvestorsLive BVTI 1.90s up

[Mar 9, 2010 12:51:19 PM PST] InvestorsLive probable gapper possible $2ish

Centerline Holding Co. (CLNH.OB) huge from scan again yesterday … we bought at .20 … very nice move today… after a little morning shake re-broke highs and off it went

Teltronics Inc. (TELT.OB) old former runner, one Muddy used to like, trades very thin hit scan early… closed near highs, looking for $1.75+ break continuation

Achillion Pharmaceuticals, Inc. (ACHN) possible bottom reversal – keep an eye for volume

Cerus Corporation (CERS) possible breakout on green hold – watch late day red/green if it doesn’t – $2.75 will speed it up

CBL & Associates Properties Inc. (CBL) short watch, let it run tomorrow see what happens

Star Scientific, Inc. (CIGX) nice breakout today, watching for red/green action tomorrow for the long

CHINA CARBON GRAPHIT (CHGI.OB) big time breakotu was on scan all day – looking for a gapper again and profits if it doesn’t hold green out of the gate

China Yongxin Pharmaceuticals, Inc. (CYXN.OB) nice trend … missed this one otherwise I would held over, thinking this may have some legs keep an eye on it

Minco Gold Corporation (MGH) nice alert in the chat room today just a regular Muddy runner … nice move looking for potentially more if it opens red – watch for red/green and $1.50 break

[Mar 9, 2010 6:08:26 AM PST] doug777 MGH pop on gold find news – running

[Mar 9, 2010 6:43:13 AM PST] Muddy MGH pre, 1 cross

[Mar 9, 2010 6:56:38 AM PST] Muddy MGH more over 1

[Mar 9, 2010 7:08:33 AM PST] doug777 MGH looking nice -slow mover

[Mar 9, 2010 7:15:19 AM PST] Muddy MGH 1.19 off 1