Nailed GGC short today, played the long a little bit but was stalking the whole time for the short. Didn’t play large but the $9 and $10+ per share doesn’t really need real size to make a worthwhile play. We had some SERIOUS winners in chat today, TCK short, WTWO at .014 from Fugu in chat (congrats Fugu you’ve been on FIRE) and again on the .02 test from Muddy before running up HUGE past .04 into the close! CENX went to double digits as expected and MDTL swing from .38s hit .55 today, DVAX that I was swinging from $1.95 I sold out after hours at $2.30.

We doubled up on BEHL today — pissed I didn’t play bigger but its not every day you can make $750 in less than 10 minutes by risking $750 bucks. Lots played so congrats to everyone.

[Aug 4, 2009 11:08:19 AM PDT] InvestorsLive im s/s again GGC

[Aug 4, 2009 11:08:19 AM PDT] Iglue That’s nut..

[Aug 4, 2009 11:08:27 AM PDT] InvestorsLive give it a buck and a half wiggle room

[Aug 4, 2009 11:08:49 AM PDT] realbigdeals Are you doing that on IB?

[Aug 4, 2009 11:09:12 AM PDT] mindstatements come on down

[Aug 4, 2009 11:09:27 AM PDT] InvestorsLive Speedtrader has 5000

BBX awesome move $6 area of interest potential short.. but not until the market gives back some serious gains.. if this holds $6 should have another day in it, watch at $6.50 I’ll look for a fade off it

CDII keep an eye here for $2 break and hold, potential swing

CAEI another nice alert in the chat room today settled right about where it did last time – watch for $2.25 to hold (otherwise not interested)

CENX said on Friday I expected double digits before we knew it.. sure enough here we are over $10 – great trade off all dips so far, this reminds me of TCK when we were playing it in the $5-6 range.
If you haven’t pulled it up intraday you should.. its been a GREAT trade every day for the past 3 weeks.

CIRC on scan tonight subber… they have been hot obviously.. just watching for potential dips and continuation, no way I’d use the same size as I have in IDOI since the volume simply is not there – keep an eye for continued momentum

ORS this may have some more in it, kinda like CRXX that I bought at .92 the other day and said I was swinging it.. this may float towards the $1 range

OWW if this holds green should re-test $4+ and may get going again, if it fails at $4 watch for s/s

GGC going to be on watch all day, SpeedTrader had great borrows all day hope they have them again, heard Interactive Brokers didnt have any

GGC closed right at $4.50 up 5%, slight dip and squeeze into close

RAMR did exactly as anticipated testing $3 and giving back nearly all gains from both Thursday and Friday

TGIC presented many trading opportunities throughout the day both long and short. Tested mid $3s without any issues and squeezed through $4

GBE had no continuation at all but instead proved to be a great short. It’s unfortunate I covered my GBE at $4.41 from as high as $4.88 as that would have been a great score

CHFI slowly churning along appearing to be very controlled trapping shorts along the way

PENC a nice grab at $1.15 headed back even on the day (or a dime gain).

ABK still a great day trade for the .10-.30 flips all day – support still there could squeeze again next week if it holds mid 8’s

Scan for Monday to come tomorrow (Sunday)

GGC broke out of the channel today, triple top at $4, has room to run here towards $5

RAMR great spike today, hoping it test $3 tomorrow and presents a decent shorting opportunity

TGIC nice squeeze tomorrow might squeeze towards mid 3’s tomorrow – watching for weakness

GBE crumbled in the past 5 minutes today this may have some continuation towards $5 tomorrow – this is a great trade

CHFI over a double now from this post, watching for continuation towards $5 doesn’t look weak by any means…