I thought Chairman MaoXian was nuts jumping in IDSA this morning since it was already up around 500% this month. Silly me… now it’s up about 700% for the month. He caught a nice 10 point ride in that bad boy today. (You da man Chairman!) I’ll be kicking myself all weekend [...]
Currently holding:
Long - BIIB, NKTR, NTAP, OVTI, PXLW, SLAB, VIP, WEBX, WWCA
Short - None
Here’s the list for Friday:
The NASDAQ and the SOX continue to float upward towards their 50-day moving averages on light volume. That kind of action is not very inspiring. It’s been pretty boring this week except for the drama in the education stocks (ESI) and all the biotech action. There’s been a lot of good news [...]
We got a little bit of a bounce yesterday, but the volume was severely lacking. The market, especially the NASDAQ, has felt real heavy the last few days. It certainly seems like this is going to be a bounce that does nothing but provide upticks to be shorted. I think we’ll get [...]
Currently holding:
Long - IMCL, NKTR, NTAP, OVTI, PXLW, SLAB, VIP, WWCA
Short - None
Here’s the list for Thursday:
There were lots of hammers made yesterday so you know I’m looking long.
Currently holding:
Long - IMCL, NTAP, OVTI, SLAB, VIP
Short - None
Here’s the list for Wednesday:
Currently holding:
Long - VIP
Short - CEGE
Here’s the list for Tuesday:
After today’s thrashing the NASDAQ is basically flat for the year. So far this year it’s been up 150 points and now is 146 points off of the high. It seems like my concerns about the NASDAQ were correct, it just took a couple of weeks to play out. The NASDAQ is [...]
After the choppiness last week, I see very little in the daily charts that I’m excited about trading today. It looks like *they’re* gonna gun the Chinese Internet stocks today (see SINA and NTES) so I may try to jump on one of those for a quick intraday ride. I guess that makes [...]
Once again I have a lot of shorts on the list. I’m really not moved to initiate any new positions ahead of the 3 day weekend, so I doubt that I’ll make any moves today.
Currently holding:
Long - AMTD, GLBC, HYSL, ORBZ, ROV
Short - None
Here’s the list for Friday:
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