Morning Outlook

Here we go! It is jobs Friday to end the first week of September. Lets see if we can continue the hot streak of into the Labor Day weekend. The real economy is jobs and paychecks, what people buy and what they sell. To do all this, people need jobs! The countdown is on to the August Employment Situation. So far in premarket action, Dow Jones industrial average futures rose 5, or 0.1 percent, to 10,314. Standard & Poor’s 500 index futures rose 0.90, or 0.1 percent, to 1,090.50, while Nasdaq 100 index futures rose 5.00, or 0.3 percent, to 1,842.25. I don’t think expectations are that high. If we can meet or beat those expectations, despite a negative number, combined with the manufacturing data this week, could elevate double dip fears.

Wow was I wrong about the action on the street this week. Traders said forget about standing still, lets make a move! Stocks rose Thursday, extending their gains from the day before, after reports on housing, manufacturing and jobs all indicated that the economy continues to grow. The Dow Jones industrial average rose 50.63, or 0.5 percent, to close at 10,320.10. The Standard & Poor’s 500 index rose 9.81, or 0.9 percent, to 1,090.10, while the Nasdaq composite index rose 23.17, or 1.1 percent, to 2,200.01.

Currencies and Commodities

The dollar rose 0.2136% at 84.4550 yen in the currency market. The euro appreciated 0.1170% at $1.2840, while the pound gained 0.0468% to $1.5408. Gold climbed 80 cents to $1254.20, while silver rose 0.14% at $19.70. Light, sweet crude for October delivery fell 57 cents at $74.45 per barrel on the NYMEX; a 0.76% decline following two days of gains.

Economic Calendar

8:30 AM
Employment Situation: The employment situation is a set of labor market indicators. The unemployment rate measures the number of unemployed as a percentage of the labor force. Nonfarm payroll employment counts the number of paid employees working part-time or full-time in the nation’s business and government establishments. The average workweek reflects the number of hours worked in the nonfarm sector. Average hourly earnings reveal the basic hourly rate for major industries as indicated in nonfarm payrolls. Analysts expect 90,000 jobs to have been lost in August, while the unemployment rate rises from 9.5% to 9.6%.The range goes as low as 160K following the disappointing private sector report.

The average hourly work week is suppose to hold steady at 34.2 hours. Once again, we would like to see an increase in the work week and in temporary help, which are all precursors to further full time employment. We are going in the wrong direction here as we enter a soft spot in the recovery, this report could be seen the as the one that sends this economy back down.

10:00
ISM Non-Manufacturing Index: A compilation from 60 non manufacturing sectors across the economic spectrum. The index helps gauge strengths and weaknesses within the economy. The composite index for the month of August is expected to have a reading of 53 ; the composite index from the ISM non-manufacturing rose 0.5 points to 54.3 in July. Most of the data leading up to the service sector report has shown month over month declines, so while we should still see a reading above 50 indicating expansion, it most likely is not as robust.

Today was… INSANE

I think based on chat comments – this was one of the biggest profit days in the chat room in a long while.

As you know I always stress selling EARLY EARLY EARLY (well some… take some off let the rest ride)  .. but I always do just that and sell way early… I still left a triple on the table but I manged to snag about 600% on some 700% on others and 500% on the rest. Just sick – this market is crazy. I think I said 12,352,521 times to lock in. I then called it a short and made a good amount on the downside and really wasn’t playing that much size.

Well here’s my alert on EcoSystem Corp. (ESYR.OB) and Camelot Entertainment Group, Inc. (CMGR.OB) (click the image below to view or here)

Please NOTE: Seminar is MONDAY night at 8PM EST. Please send questions to me as soon as you can! We will make this one a good one. We have a ton to talk about.

Concurrent Computer Corporation (CCUR) shoulda scanned this one last night… didn’t see it as you know this is a chart that I like … gap up and hold… with that sorta candle shows strength. Looking for red/green action and $6.50 break tomorrow and let it breakout… could be nice long play .. .. the volume is thin – not sure I’m interested in a short anytime soon

NetSol Technologies, Inc. (NTWK) nice cheapy – haven’t played it OTCs have been too hot but this is nearing some resistance that if it breaks it may have a multi day move in it.. watch for consolidation first around .95  – I’m a buyer on a .95 break IF it settles below it for a bit .. I won’t buy into a gap I’ll buy into a late day move .. red/green and volume

MIPS Technologies Inc. (MIPS) from scan last night… broke out beautifully – should have a bit more in it and start to speed up

SINOBIOMED INC (SOBM.PK) another one from scan last night… should have more in it… once a good pumper always a good pumper … seems relatively controlled

National Clean Fuels Inc. (NACF.PK) got the bounce this AM… but was NOT impressed … can’t believe how strong it was on the way up and then how it CANNOT bounce yet… I accumulated what I sold at .16 .165 and .17s back at .10-11 … I think overall on this batch I am down but I had a .135 average on my overnights and made about 3 cents average ..  on more than half… sold a bit more even and reloaded – we’ll see tomorrow.

Morning Outlook

Futures are heading lower int the premarket Thursday. We are seeing some profit taking ahead of the days economic data, highlighted by the premarket weekly jobless claims number. We also are getting more data on housing. The housing market got us into this economic mess, and housing well help drive us out. Of course, we can’t get housing going until we get unemployment under control. Ahead of the opening bell, the blue chips are down 23, or 0.2 percent, to 10,249. Standard & Poor’s 500 index futures fell 2.60, or 0.2 percent, to 1,079.10, while Nasdaq 100 index futures fell 1.25, or 0.1 percent, to 1,818.75. A better than expected number may get the market to move, however, I don’t expect many big bets ahead of tomorrows release of the August Employment Situation.

What an amazing session on the street Wednesday. I was quite surprised to see equities surge, despite the better than expected manufacturing data following a negative private sector job reading. Have we come to the point in the recovery where the market is expecting below par jobs numbers? By the closing bell, the DJIA was up 254.75, or 2.54 percent, higher at 10,269.47. The Standard & Poor’s 500-stock index was up 30.96 points or 2.95 percent, at 1,080.29 as all 10 sectors advanced, while the Nasdaq rose 62.81 points, or 2.97 percent, to 2,176.84

Currencies and Commodities

The dollar fell 0.2875% at 84.20 yen in the currency market. The euro appreciated 0.1796% at $1.2832, while the pound lost 0.2693% to $1.5413. Gold is up 50 cents at $1248.60, while silver climbing 42 basis points at $19.47. Light, sweet crude for October is moving lower with futures in the equity market, declining 44 cents to $73.47 per barrel on the NYMEX; a 0.60% decline.

Economic Calendar

8:30 AM
Jobless Claims: New unemployment claims for the week of August 28th , to show the number of individuals who filed for unemployment insurance for the first time. The fewer people filing for unemployment benefits, the more have jobs, the more income in the consumer’s pocket, as well as a forecast on the strength of the economy. The consensus is for an increase of 47-,000 for first time jobless claims after falling sharply by 31,000 to 473,000. It was the second largest decline of the year. Things are not looking good to this point for anything positive come the August Employment Situation. The range falls as low as 465K and north to 484K.

Last week’s number was a nice improvement over the 500K spike we had seen, however, we are still at terribly high numbers and the trend is still up. Housing, consumer spending, and pretty much everything else is based off of people having jobs and I have zero confidence heading into Friday’s Employment Situation.

8:30 AM
Productivity and Costs: Productivity measures the growth of labor efficiency in producing the economy’s goods and services for the 2nd quarter. Unit labor costs reflect the labor costs of producing each unit of output. Productivity growth is critical because it allows for higher wages and faster economic growth without inflationary consequences. The consensus change in nonfarm productivity is -1.9% quarter over quarter, with a 1.2% consensus increase in unit labor costs which is up from the initial reading of 0.2%.

The lack of a productivity increase following months of sharp increases shows that employers will have to start hiring new workers and that it is possible we have enough demand to engage in new hiring.In this case, a lack of productivity is a good thing.

10:00 AM
Factory Orders: Represent the dollar level of new orders for both durable and nondurable goods. The consensus is for a gain of 0.3% for the month of July. There was a decrease in June of 1.2%. In the grand scheme of things, this report is just a minor blip surrounded by the jobs data.

10:00 AM
Pending Home Sales Index: A leading indicator of existing home sales for the month of April developed by The National Association of Realtors. This provides a gauge of not only the demand for housing, but general sentiment on the consumer front. Economists expect the index to have fallen for the third straight month following the April 30th expiration of the home buyer tax credit which has staled the housing recovery. If you didn’t close before then, let’s face it, you aren’t in a rush to purchase. Especially in this market, we could see a double dip in prices that could actually save you more than the tax credit would have, especially if you aren’t new to the market.

Usually … gap up days like today I find myself twiddling my thumbs since I’m a bear at heart.. BUT OTCs have cranked up and going crazy. Some of the best scalpers around. Every day this week I’ve been keeping SpeedTrader in business I think with the number of tickets I’ve been pushing flipping ‘em haha.

Evergreen Energy, Inc. (EEE) I covered more of today… down to 7.1k left short (these are my lower average sorta even on them here) .. I covered my 1.991 average and will import tomorrow on profit.ly along with my MakeMyTrip Limited (MMYT).

MakeMyTrip Limited (MMYT) was another one on scan last night for the short .. very easy borrow at SogoTrade, Interactive Brokers AND SpeedTrader upon request. Last night I said into pops I consider this a short however I was already short and would be looking to add if any major pops. I’ll probably regret covering as much as I did but I can’t turn down $3k of gains .. both times I did it bit me in the ass  cough – Jazz Pharmaceuticals, Inc. (JAZZ) + IDT Corporation (IDT) – cough cough.

Inolife Technologies, Inc. (INOL.OB) was the play of the day – check out these buys of someone I spoke with earlier today… talk about a shoulda coulda woulda haha

A big big big congrats to anyone who read my scan last night – absolutely smashed it perfectly and I alerted LOD when I bought.

[Sep 1, 2010 9:45:06 AM EDT] InvestorsLive longed some IMGG to start .336 and .337

[Sep 1, 2010 9:50:38 AM EDT] InvestorsLive IMGG re-test lows – still in and will add on any bigger dip (keep in mind im in my starter)

[Sep 1, 2010 9:50:48 AM EDT] InvestorsLive I think it’ll hold LODs tho

Imaging3 Inc. (IMGG.OB) played it perfectly (minus one early sell) … not over night going to be buying the sell off tomorrow if there is one .35-.37 range imo – A  lot of people in the chat PMed and stated in chat they banked on this – good job guys

Inolife Technologies, Inc. (INOL.OB) – $INOL just another 344%-er wake me up at 1000% … sheesh every day it seems ha .. what a POS – seems like every day we have one of these… I left a ton on table I had over 200k at .012 .. yea .. took me that long to chase it but it’s all good… didn’t make much to shout about … Congrats to Matthias and domino who traded it very well. Matthias is one helluva scalper the past few days on these crazy stocks – he’s been sharing some great trades and exits. Obviously short biased… most of todays move was created by SEAB market maker short .. in my opinion. No, I don’t know for a fact but based on the action I’d say I’m 99% sure the EOD strength was related to a cover especially on the .10 break. Yes… short biased tomorrow but be careful.. it may dump in AM and come back red/green and then dump again.. but in the end this will just be another DISTRIBUTION MGMT SE (DMGM.PK) – don’t be the last one to sell.

National Clean Fuels Inc. (NACF.PK) put a 1 month chart so you can see this .. but they really sold into this today.. I started in at .16 then snagged .13s and change .. sold some .155 for profit then actually nailed the LOD for a while .. .126s and .1269 .. it had one more shake out at EOD and rebounded. I was down for a bit but like the trade.. it may have a bit more weakness out of AM but I plan to stay in the trade unless it 100% doesn’t bounce. Ideally a move to .20 would work

MIPS Technologies Inc. (MIPS) really nice breakout here on the chart watch for the over/under $7 going to watch this one tomorrow for a play

SINOBIOMED INC (SOBM.PK) not sure why this didn’t hit my radar today… kinda mad it didn’t… definitely a radar

Sunrise Senior Living Inc. (SRZ) sweeeeeeeeeeet move .. didn’t trade it I know a lot were trading it nicely in chat… I love this candle tho definitely a watcher for tomorrow watch for $4 test .. short biased for a correction and then I’ll be long biased after consolidation

Travelzoo Inc. (TZOO) nearing double top… over $6.50/share move on light volume – potential short off spikes – DO NOT SIZE INTO THIS – it’s very thinly traded.. if you trade it watch your sizes and note the volume

American Power Corp. (TGMP.OB) another day in the books this has been pretty good off dips

Liberty Star Uranium & Metals Corp. (LBSR.OB) another nice day in there that it’s held up.. short biased.. one day will crack but the more it consolidates the less it will ‘tank’ .. could actually test more 52s but still short biased on pops ..

Market Summary

Stocks soared on Wall Street Wednesday despite an extremely dreadful private sector employment report. The hope that the Fed will issue a new round of quantitative easing sent futures higher in the premarket. Stocks rallied as U.S. and China manufacturing figures showed continued strength in the sector. The boost gave major averages their best finish in nearly two months, and honestly, a surprise to many as we head into the holiday weekend.

By the closing bell, the Dow Jones industrial average was up 254.75, or 2.54 percent, higher at 10,269.47. The Standard & Poor’s 500-stock index was up 30.96 points or 2.95 percent, at 1,080.29 as all 10 sectors advanced, while the Nasdaq rose 62.81 points, or 2.97 percent, to 2,176.84.

October crude rose $1.99, or 2.77 percent, to settle at $73.91 per barrel on the NYMEX on hopes demand will pick up on the heels of the data, while a lower greenback put additional upward pressure on commodities.

Economic Rundown

U.S. manufacturing expanded in August for the 13th straight month, lifting hopes that economic growth won’t reverse into a double dip. Manufacturing in the U.S. expanded at a faster pace than the street had expected in the month of August. The Institute for Supply Management’s factory index rose to a three-month high of 56.3 from 55.5 in July. Readings greater than 50 signal growth, and the figure was projected to drop to 52.8

The ADP employment change showed that private employers in the United States shed 10,000 jobs in August, compared with the prior revised added jobs of 37,000 back in July, and opposite to expectations of 15,000 added jobs.

Elevated unemployment remains rather the major obstacle facing the economy. Conditions in the U.S. labor market are still very weak, especially since companies are still struggling amid low demand levels from consumers, and that is forcing companies to shed more jobs in a bid to cut costs and reduce expenses, and that is forcing unemployment to remain elevated, which continues to suppress the recovery process. The lone bright spot was service-producing firms, which added 30,000 jobs in August.

Morning Outlook

In a surprising move, futures are sharply higher in the premarket Wednesday ahead of a full lid of economic data. We will get our first indication on where August’s private sector employment will stand, alongside key construction and manufacturing data. If the trend continues, we could be in store for some extremely poor economic numbers on the session. But futures don’t seem to care, rather advancing on signs of growth in overseas markets. So far in premarket action, Dow Jones industrial average futures rose 98, or 1 percent, to 10,104. Standard & Poor’s 500 index futures rose 12.50, or 1.2 percent, to 1,060.80, while Nasdaq 100 index futures rose 24.50, or 1.4 percent, to 1,791.00. I wouldn’t be surprised to see a green to red move as the focus turns to the domestic economy.

Wall Street closed out a terrible August yesterday with a mixed session. Stocks traded in a narrow range as I thought traders would take a wait and see attitude and let all of this economic data flesh itself out. The DJIA rose 4.99, or 0.05 percent, to close at 10,014.72. The Standard & Poor’s 500 index edged up 0.41, or 0.04 percent, to 1,049.33, while the Nasdaq composite index fell 5.94, or 0.3 percent, to 2,114.03.

Currencies and Commodities

It is not a good morning for the greenback. The dollar fell 0.2269% at 84.0040 yen in the currency market. The euro appreciated 0.9551% at $1.2801, with the pound gaining 0.2834% to $1.5392. On the lower dollar, gold moved up $4.70 to $1255, while silver climbed 0.25% at $19.48. Light, sweet crude for October jumped 57 cents to $72.49 per barrel on the NYMEX; a 0.79% advance and reversing its trend towards $70.

Economic Calendar

8:15 AM
ADP Employment Report: The new ADP national employment report can help improve the payroll forecast by providing information in advance of the employment report. By tracking the jobs data, investors can sense the degree of tightness in the labor market. The report is a good gage of private sector employment heading into Friday’s report by the Labor Department. The current state of the economy starts and ends with job creation. Consumer spending, housing, wages, and so on are all functions of people having gainful employment.

The payroll company is expected to report that private-sector employers added 19,000 jobs in August after hiring 42,000 new workers in July.

10:00 AM
The ISM Manufacturing Index: The Institute for Supply Management surveys more than 300 manufacturing firms on employment, production, new orders, supplier deliveries, and inventories. The index gives a great look at the state of manufacturing and the direction it is heading. The cyclical nature of manufacturing could signal a further economic downturn.

The consensus figure is 53 for the month of August, down from July’s reading of 55/5. Manufacturing has led the recovery, and it is critical for the measure to hold above the 50 expansion/contraction mark.

10:00 AM
Construction Spending: The report measures the value of new construction activity on residential, non-residential, and public projects, giving a great indication of the economy’s momentum. The consensus is for a 0.6 percent decline in July after a slight 0.1 percent gain in June led by a jump in public outlays.

Market Summary

What a terrible month of August on Wall Street, with major averages having their worst August since 2001. It was a mixed finish by the closing bell, however there is most certainly a wait and see attitude with investors until the jobs data. The Dow Jones Industrial average rose 4.99, or 0.05 percent, to close at 10,014.72; a whopping gain for the blue chips. The Standard & Poor’s 500 index edged up 0.41, or 0.04 percent, to 1,049.33, while the Nasdaq composite index fell 5.94, or 0.3 percent, to 2,114.03. There was no way the S&P was closing above 1,050 to spout a new round of buying ahead of the private sector employment report in tomorrow’s premarket. The fundamentals are extremely bearish.

For the month, the blue chips lost 4.3 percent in August, while the tech heavy Nasdaq tumbled 6.2 percent. August wasn’t a particularly good month for crude either, closing out the month with a move that could test $70 on weak jobs data. Crude for October delivery settled down $2.78, or 3.72 percent, at $71.92 a barrel on the NYMEX.

Economic Rundown

Home prices rose 1.0% in June compared with May in 20 major U.S. cities according to the Case-Shiller home price index. This is the third straight increase in home prices as demand picked up due to tax incentives. More recent data point to a sharp slowdown in demand as the tax breaks ended and foreclosures continue.
Prices have moved up 4.2% in the past year, however the sharp downturn in new and existing home sales post stimulus.

Consumer confidence continues to be weak reflecting an increasingly negative assessment of the jobs market. U.S. consumer confidence rose more than expected in August, lifted by a mild improvement in the short-term outlook. The Conference Board’s index did rise 2-1/2 points from July but August’s 53.5 level is still down almost 10 points from May. The reading did beat the street’s estimates of a 0.6 point rise to 51.

So another crazy day this time was a lot more lively …

I will have some recaps and charts and all that good stuff on these OTCs – It’s awesome to see them back so fast..

A lot of alerts are coming straight off the HOD list — like Rex Energy Corporation (REXX) today

DG FastChannel, Inc. (DGIT) nice gainer today… $15.27s average .. looking for a bit more tho – this held all freakin’ day and I really wanted to give it a chance because this is down A LOT – you can’t count that out. It may take a few days but I got rid of my higher averages today and kept my low average for the swing. If it snaps $16 again … $16.25 is the real trigger spot we’ll see a lot higher… but it may not.. play cautious but long off dips if it holds trend

MakeMyTrip Limited (MMYT) short biased again.. had a big dip today and came all the way back.. typical..  the sucker is so low float… I’ll probably just play the weakness and cover bid sides.. otherwise may add to short if it pops on low volume

Evergreen Energy, Inc. (EEE) down today a bit .. I covered some just in case.. don’t feel like getting bought in without taking profits since it’s held pretty well.. will cover rest looking for $1.50 or less but again.. we’ll see. Sub $1.70 if it doesn’t crack I’ll consider covering more

Hecla Mining Co. (HL) nice mover today coming off lows… nearly a buck run .. watch for some consolidation above $5.50s … once it does and re-test $5.75s (not tomorrow probably) but 2 days consolidate below $5.75 .. I’ll be looking for the long $5.75 break

ARM Holdings plc (ARMH) like this chart set up… might have a big candle setting up if $17 cracks

Imaging3 Inc. (IMGG.OB) played it perfectly (minus one early sell) … not over night going to be buying the sell off tomorrow if there is one .35-.37 range imo – A  lot of people in the chat PMed and stated in chat they banked on this – good job guys

Revolutions Medical Corporation (RMCP.OB) spammer… one I didn’t sign up to .. but they do do ok … potential short once this pops a bit more … so far pretty damn good

Inovio Pharmaceuticals, Inc. (INO) up AHs maybe a penny runner

First .. if you any of you missed the big gainer this morning – dollar move mid day – I made a few trades in SpeedTrader with it into the close … nothing to shout about … was playing 500-1k shares… made .20 cents.. re bought made another .20 cents..  I’ll post IB’s on profit.ly tomorrow once it updates

[Aug 31, 2010 2:37:15 PM EDT] InvestorsLive CHBT maybe another EOD move… they def put in a nice bottom there today

[Aug 31, 2010 2:37:28 PM EDT] InvestorsLive actually held 52 week lows

[Aug 31, 2010 3:05:37 PM EDT] Austinhirn CHBT at 12

[Aug 31, 2010 3:08:24 PM EDT] Austinhirn CHBT nhod

[Aug 31, 2010 3:08:34 PM EDT] InvestorsLive CHBT squeezing

[Aug 31, 2010 3:08:39 PM EDT] Muddy nice move

[Aug 31, 2010 3:19:44 PM EDT] InvestorsLive CHBT ba bang

[Aug 31, 2010 3:30:59 PM EDT] InvestorsLive CHBT nHODs
So last night… as I said in my scan:

China-Biotics, Inc. (CHBT) turned out to be an awesome gainer for us today.. alerted in the chat room after hours and last night on my scan I mentioned as well. Also bought more this AM at 11.13 .. I put my trades on it below

My theory was the following….

Look I realize Citron report came out on it.. but much like when we see promo’d OTCs getting prints out of market (for example when stocks are like $1 buck and you see .70s and .80s printing pre market) you know it’s just shorties trying to toy with it. Well … When the stock crashed from $14 to $12 and then $11 .. and even more after hours … a buck more on low volume and it’s just weirdo prints to the bid side trying to make the tape look bad… that’s your chance to snag some … sure .. I took on risk but we’ve been here done that on Orient Paper Inc. (ONP) if you remember. This will have another big bounce and squeeze and will become a nice short again.. the chart is broken – longs are scared. It’s very possible a nice bounce and squeeze with a company PR saying… “No really.. we are real” .. short into that spike

As I said last night I figured it was going to $12…

——————————–

$CHBT more lows after hours Monday, August 30, 2010 5:50:41 PM

Just hit $10.98 $CHBT .. how about that from $14 alert on Citron.. for a short Monday, August 30, 2010 5:51:03 PM

$CHBT still hasn’t found a bottom .. nice Monday, August 30, 2010 7:36:17 PM

Took a gamble and went long $CHBT over night they beat it to a pulp after hours and all day.. could be a loser but highest I paid was $10.90 Monday, August 30, 2010 7:46:42 PM

unrealized +$650 on $CHBT if it opens $11.04 or better tomorrow .. about 24 hours ago

——————————–

[Aug 30, 2010 5:50:36 PM EDT] InvestorsLive CHBT wow

[Aug 30, 2010 5:51:06 PM EDT] InvestorsLive 10.98

[Aug 30, 2010 5:52:15 PM EDT] cpaul %%%%

[Aug 30, 2010 5:53:53 PM EDT] MatthiasG IL, thx for CHBT alert

[Aug 30, 2010 5:54:29 PM EDT] MatthiasG was long in roth, got out early

[Aug 30, 2010 5:55:31 PM EDT] jakeo CHBT great

[Aug 30, 2010 7:36:09 PM EDT] InvestorsLive CHBT more lows

[Aug 30, 2010 7:37:17 PM EDT] InvestorsLive might snag some CHBT for o/n gapper

[Aug 30, 2010 7:37:29 PM EDT] MilesJStoner down a nice bit

[Aug 30, 2010 7:37:34 PM EDT] InvestorsLive yea just crazy

[Aug 30, 2010 7:37:38 PM EDT] Austinhirn Iss right

[Aug 30, 2010 7:37:42 PM EDT] Austinhirn ss

[Aug 30, 2010 7:37:48 PM EDT] InvestorsLive no

[Aug 30, 2010 7:38:06 PM EDT] InvestorsLive this is a $1.00 more reaction from close

[Aug 30, 2010 7:38:16 PM EDT] InvestorsLive low vol bid hitters

[Aug 30, 2010 7:38:41 PM EDT] Austinhirn Dont think the Citron will move it down more

[Aug 30, 2010 7:39:00 PM EDT] InvestorsLive maybe

[Aug 30, 2010 7:39:03 PM EDT] InvestorsLive but 10.58 now?

[Aug 30, 2010 7:39:04 PM EDT] InvestorsLive haha

[Aug 30, 2010 7:39:06 PM EDT] InvestorsLive woo wee

[Aug 30, 2010 7:39:38 PM EDT] MilesJStoner u putting a buy on CHBT

[Aug 30, 2010 7:48:12 PM EDT] InvestorsLive up $36 on CHBT at 10.81

[Aug 30, 2010 7:48:13 PM EDT] InvestorsLive haha

[Aug 30, 2010 7:48:46 PM EDT] InvestorsLive http://www.citronresearch.com/index.php/2010/08/30/it-doesnt-take-a-microscope-to-see-whats-wrong-with-china-biotics-nasdaqchbt/

[Aug 30, 2010 7:48:49 PM EDT] InvestorsLive Miles

[Aug 30, 2010 7:48:50 PM EDT] InvestorsLive thats the link

[Aug 30, 2010 7:49:15 PM EDT] MilesJStoner so you think this is true

[Aug 30, 2010 7:49:40 PM EDT] InvestorsLive who knows

[Aug 30, 2010 7:49:52 PM EDT] InvestorsLive I just took it long in case they are beating it down AHs and freakin’ peeps out

[Aug 30, 2010 7:49:57 PM EDT] InvestorsLive if they come out with an article… wea re GOOD

[Aug 30, 2010 7:49:58 PM EDT] InvestorsLive could open 12

[Aug 30, 2010 7:50:05 PM EDT] MilesJStoner yeah

[Aug 30, 2010 7:50:18 PM EDT] InvestorsLive could open 9

[Aug 30, 2010 7:50:21 PM EDT] InvestorsLive I’ll take the risk

[Aug 30, 2010 7:50:26 PM EDT] MilesJStoner this is true

[Aug 30, 2010 7:50:49 PM EDT] InvestorsLive point is .. u know Citron short.. they are market selling AHs to the bid side

[Aug 30, 2010 7:50:52 PM EDT] InvestorsLive to make it close as low as possible

[Aug 30, 2010 7:50:55 PM EDT] InvestorsLive that’s why I had a low bid in

[Aug 30, 2010 7:51:01 PM EDT] InvestorsLive to pick up their market sells bid side

[Aug 30, 2010 7:51:16 PM EDT] MilesJStoner smart

[Aug 30, 2010 7:51:19 PM EDT] cpaul i’m a get some CHBT tomorrow

[Aug 30, 2010 7:51:26 PM EDT] MilesJStoner I like that outlook

[Aug 30, 2010 7:51:27 PM EDT] MilesJStoner IL

[Aug 30, 2010 7:51:35 PM EDT] MilesJStoner makes logicaly sense

[Aug 30, 2010 7:51:36 PM EDT] Austinhirn CHBT web site wont open

[Aug 30, 2010 7:53:31 PM EDT] InvestorsLive nice

[Aug 30, 2010 7:53:48 PM EDT] InvestorsLive Andrew Left prob hacked it

[Aug 30, 2010 7:54:00 PM EDT] Austinhirn lol

[Aug 30, 2010 7:54:10 PM EDT] tyguy351 or its over loaded cuz everyones trying to get to it

[Aug 30, 2010 7:56:36 PM EDT] InvestorsLive if 11.03 holds I’m up 476 + 135

This is just taking advantage of the opportunity given to us…  they don’t happen often enough but you don’t have to take on much risk to bank on this stuff. Much like DG FastChannel, Inc. (DGIT) .. we’ll play this today and tomorrow and we are done.

Morning Outlook

Wall Street looks to continue its slide on Tuesday, the last day of August. Stocks are set to experience their worst month since May, following poor economic data and concerns that a slowdown will occur the remainder of the year. Ahead of the opening bell, Dow Jones industrial average futures fell 47, or 0.5 percent, to 9,933. Standard & Poor’s 500 index futures are down 5.30, or 0.5 percent, to 1,039.80, while Nasdaq 100 index futures declined 11.00, or 0.6 percent, to 1,757.75. Every second that passes brings us closer to the August jobs data. You can cut the tension with a knife! Unlike prior months, we will be heading into the report in an absolute tailspin in the equity markets. So many questions, will the blue chips hold 10K, will the S&P retake 1,050?

Stocks gave up nearly all of their Friday gains on Monday, as market sentiment continued to move lower on economic concerns. The DJIA fell 140.92, or 1.4 percent, to close at 10,009.73; holding above 10K at the closing bell. The Standard & Poor’s 500 index lost 15.67, or 1.5 percent, to 1,048.92, to drop below the 1,050 resistance. The tech heavy Nasdaq composite index dropped 33.66, or 1.6 percent, to 2,119.97.

Currencies and Commodities

The dollar fell 0.2978% at 84.3670 yen in the currency market. The euro appreciated 0.0790% at $1.2672 while the pound declined 0.5047% to $1.5384. Gold lost $3 to $1236.20, while silver dropped 0.94% at $18.89. Light, sweet crude for October delivery tumbled $1.10 to $73.60 per barrel on the NYMEX; a 1.47% decline. That’s all you need to know to determine what is going on with equities in the futures market.

Economic Calendar

9:00 AM
S&P Case-Shiller Home Price Index: Tracks the monthly change in home values throughout 20 varying metropolitan regions within country. The composite indexes and the regional indexes are seen by the markets as measuring changes in existing home prices and are based on single-family home resales.
Economists forecast the home price index for the country’s 20 largest metropolitan areas rose slightly in June compared with a year ago as tax credits expired. We all know the horrific housing data we have seen since the tax credit front loaded a lot of sales in the market place.

10:00 AM
Consumer Confidence: A survey of consumer attitudes on present economic conditions and expectations of future conditions for the month of August. The consensus reading for the month is 51 after a slight decline to 50.4 in July, while the range is between 48 and 54. Let’s see if the terrible July data has effected consumer attitudes, with a falling stock market.