Saturday, May 31, 2008

PUMPS

This is what I said in last Saturday's post:

I also checked out UNCL seeing that the volume went from 44k Thursday to 2.5 million Friday!
Only news I could find was a seemingly fluff PR a few days ago and found it's in the business of student loans.
Kinda a shaky business it seems now with all the loan defaults.
IB has about 100,000 shares available to short.
I'll be in line.
Disclaimer,if it starts to run Tues I'll be on that train by going long first, then will try a short later when it does eventually turn red.
The volume Friday says it should be an "in play" stock.

Glad I put that disclaimer in cause UNCL zoomed this past week from 2.04 to 2.80 and it hit a high Friday of 3.05.
The point is as I said, this was an "in play" stock that means it should give way above gains either to the long side or the short side.
I (or nobody else ) knows for sure, no matter what they say that these kind will definitely go up, just put them on watch and see which direction they take. If you aren't comfortable with shorting just go long on an upbreak or just move on and sit it out.
I was aboard for some of the run but still have it on watch, especially for a short, it should fall pretty hard once it starts .
Speaking of falling hard I also in that post previewed KYUS,I said this:

Speaking of "pumps" KYUS, from what I hear a no business company,that's paying for pump is not coming down ( yet ).
It just keeps going and going and going with surging volume coming in now with 4.5 million shares traded on a long weekend Friday

This trash got taken out this week, it has fallen from Friday close of 3.97 hod of 4.47 to a close this Friday of 2.50!!

Keep sending me all those SPAM emails and faxs pumps.
Most folks hate that stuff, cause most fall down hard, me I say bring it on, I use it to my advantage.

Latest one I got is PTPE, a real junker, research shows it was a medical company until about 18 months ago, now they "dabble"in petroleum, hehe
They are "on the verge" of finding huge profitable oil fields.
Hmmmm,ok, something tells me this company ain't no Jedd Clampett
Hope it gaps up huge Monday, I'm gonna reserve short shares when the "OIL pump" ( sorry couldn't help that ) dries up :)

HDSN a stock I actually am holding, one of very very few, has gotten alot of chatter on the boards about a buyout and have seen a few folks say they have gotten faxes on it.
It closed within 10% of it's 52 week high Friday.
Maybe good one to watch when/if it does get closer to it's 52's

Here's some ones I'm seeing being pumped by promoters in the last few days, anybody see others please feel free to leave a comments.

BWEN KYUS TAYD UNCL DTCT PTPE HDY GTXO NPHC CYRX DPDW GNMT HYBR XMDE CHDO ENVI UBHI MFXD XRIT YTBLA JYHW MMGW MMPI HYHY NNVC VOYT FOUR FORC UOMO AKRX AUSE SWTX IDGI

Please understand many of these have fallen HARD since the pump,a few I caught that I could get enough shares or any at all to short.
Basically I'm putting these up for anyone interested to check out their charts and see if you can spot the pump/dump on your charts.
A few are still in play but most have already had their run and have been hit to the downside.
Also please note if you are NEWER to trading and don't understand how this P and D game works , and it is a game, just ignore these kind.

1 comment:

Laura said...

You said re: PTPE

"They are "on the verge" of finding huge profitable oil fields.
Hmmmm,ok, something tells me this company ain't no Jedd Clampett"

No, I'm in agreement here, pretty sure they ain't Jedd!