Which Came First - Sykes or SYKE?

Actually it was Sykes. The famous (or infamous) Timothy Sykes stopped by our chat room this morning for a visit. Strangely enough, a few hours after he left SYKE hit a new 52 week high. 'Sup with that Timmay????? Coincidence? I don't think so.....

LOL, looks like Timmay has discovered new found powers to move the markets, influence traders, and single-handedly start a grassroots PTD rule revolt against the SEC. Wowser!

Just kidding Tim, nice to see you stop by.

Market Movers aka HOD list

Scrolls from bottom to top. Low of day on the left, high of day on the right. 52 week high and lows highlighted in green and red. This screenshot is a good example as it shows ACOR hitting 52s penny by penny.


Edit: In chat today someone asked me how to set up the Market Movers. Unfortunately you can't do ANY setup. I would love to be able to get rid of low volume and true penny stocks from the list, but no way to do it. To set it up, all you have to do is click on the Market Movers button shown in the picture below. Hope this helps.

Chat Room Rocking Again!

Nice to see so many new people here!

We used to have 30-40 peeps everyday, but what with Muddy on hiatus everyone disappeared. As most of the chat regulars here know, I have been very sick for the past few months and that has taken its toll on both of us. We are just trying to get our life back and hopefully we can get things in full swing again. Thanks go out to 13th, Muddy's (and my friend) for helping out. He and Muddy have known each other a long time and 13th's calls are right on the money.

Nice to see people getting the "red floater" thing for example, and great that 13th posted all of the methods we use in one post. Muddy is generally too lazy to post that much!

Only gripe I have dudes, you both gotta stop using me as your secretary to post the frigging charts!

I'M GONNA TRY

...to put everything that I do to prepare for the next trading day, the scans I run and the different styles I use to chose stocks to trade both long and short.
No doubt I will forget a few things and will update this post as I remember different things.
I'm gonna try to get it all in this 1 post because the last month I've been asked by quite a few a bunch of questions regarding my trading style.
Please note that very few of these ideas are mine.
Most have come from Muddy and his blog.
It took me many months but I think I'm on the track for a very bright trading future, thanks to him.

First, every weekend I run the top 40 dayrangers from last week. These are great to watch for green to red or red to green.

The stockfetcher scan:
"show stocks where the average day range(10) is above 8 percent and close price is between 1 and 10 and volume is above 300000."
With this scan I have a column added ADR(30) and I rank the top 40 in order top to bottom highest ADR(30).
For next week the list is:
DCR HYHY FPP LNG SSBX PFB WCI XRIT YTBLA TPLM SYNM KIRK SPF UNCL RTK ROIAK ICOG MMPI LCC TGC PEIX DCGN EEE UAUA XJT ENT QTWW KYUS NWA BSHF DSUP GFG CPSL BCON RCH EGR EBHI AKNS ATSG LGND

Next I scan for stocks over 8% gain from yesterday,this I run every night. This scan is long biased as the stocks may have more in them to run another day or two.
The scan:
"show stocks where close gained more than 8 percent over the last one day and price is between 1 and 20
average day range is above 3
Mondays list:
HYHY WCI KIRK UNCL ROYL EGR SWTX LGND PTEK CALC NCOC GLOB DGLY LLNW DPDW MERX MAG FRPT ALLI VITA NSU TRR JUPM ITI OZN QBIK COOL VVTV QUIK IDIX NENG EXAS HGRD TGX PLX SLTN FIRE VG SHFL MRVL

Next I scan for over 15% gainers over the last 2 days. This is run nightly too and is short biased.
show stocks where close gained more than 15 percent over the last 2 days and price is between 1 and 20
average day range is above 3
Mondays list:
HYHY SSBX UNCL MMPI DSUP PCSV EGR SWTX KOSN LGND TRX PTEK TRMP MAG FRPT ALLI TRR ITI QUIK ULBI HGRD TGX PLX FIRE SHFL MRVL TRIB WIND MESA GNTA NEXC HSOA GNLK SNUS CHTR SPSN SLTN QBIK COOL NENG

Next I run the The Combo scan which is stocks that have run the highest amount of times 10 to 19% in the last 100 days ranked in order of highest times to lowest times run. This is run on the weekend too as the watches change little from day to day. This scan is long biased.
On Stockfetcher.com it's known as the RunForestRun scan.
I then cherrypick the ones over 9% in the ADR(30) column.
EDIT:At the time of this post the average ADR(30) was lower than the average ADR(30)than now at the date of this edit,2/17/09.
Therefor I now use ADR(30) 12% and above to cherrypick.
Thus the name Combo, combo of the RunForestRun scan ( found on Stockfetcher) and Muddys high ADR(30).

Here's the SF code for the scan:
close is between 1 and 15
average volume(90) above 50000
average volume(10) above 250000
offset is 0

set{volcnt, count(volume above 50000, 100) }
set{volzero, count(volume equal 0, 100) }

set{x1, high - open}
set{Long_Profit, x1/open }

set{C1A, count(Long_Profit > .04 , 100)}
set{C2A, count(Long_Profit > .09, 100)}
set{C0010, C1A - C2A}

set{D1A, count(Long_Profit > .09 , 100)}
set{D2A, count(Long_Profit > .19, 100)}
set{D1020, D1A - D2A}

set{E1A, count(Long_Profit > .19 , 100)}
set{E2A, count(Long_Profit > .29, 100)}
set{E2030, E1A - E2A}

set{F1A, count(Long_Profit > .29 , 100)}
set{F2A, count(Long_Profit > .39, 100)}
set{F3040, F1A - F2A}

set{G1A, count(Long_Profit > .39 , 100)}


and add column daychg2
and add column C0010 {4_9}
and add column D1020 {10_19}
and add column E2030 {20_29}
and add column F3040 {30_39}
and add column G1A {40+}
and add column C1A {ttl}

sort column 6 descending

Here's this weeks watches:

SPF SYNM QTWW ABK DCR GETG ICOG UNCL RTK MBI XJT FBR NYNY FBTX EEE MMPI BDCO PKT FTWR KUN FPP ENT PFB KOG HDSN TNRO IMB WCI SSN ROIAK LGDI GFG ROYL HDY JAZ HEV GRZ NBF YTBLA LCC

Next I scan for red candles at, or even better, out of the UBB (called floaters). This of course is run nightly and is short biased. The red floater is often the kiss of death imo.
I use this for watches to short in addition to watching those to short
from the 15%+ gains in 2 day scan mentioned above. I always watch the ones with a date offset of 1 also cause these tend to go down pretty nice over a few days period.

Here's the scan:

stocks where close is above upper bollinger band(20) and close is below open and price is between .5 and 20 and volume is greater than 200000
offset is 0

Mondays watches:
WTSLA UFS CWTR COCO CKR CMGI SINO SCS NSIT STSI HRZ RDEN ITI TRMP PCSV SMRT MMSI CYBX TMM

Then I scan for the top 120 RunForestRun stocks for next week. You really need not do this but since I use 3 monitors, ONE IS ALWAYS RUNNING THE SCOTT SCROLLING HOD LIST, I can watch a bunch of stocks in seconds by flipping fast from watchlist to watchlist.

And then the morning an hour before open I begin loading the Pre-market leaders from Interactive Brokers onto a watchlist as possible long/short opportunities.

It's not as many watches as you might think because many of the stocks are on multiple lists.

Ok, now some of my thoughts on what is important to me for successful trading.

1. I can not live without the scrolling Scott hod lists.
Muddy showed me how it was possible to get 20,30,40,even over 50% profits in minutes to a few hours using this. Last week I caught MESA and LGND almost at the start of their runs.
Never had them on any lists,only saw them on the hod list,which brings me to this.......

2. KNOWING former runners and stocks that have hit these scans I run more than normal stocks do. Both MESA and LGND I knew from that way.The only way to get them in your head is to study each nights scans and either write down multiple repeaters or try to remember them.
Watching hours of scrolling hod list helps a bunch too.

3. I like to trade around even dollar marks for under $10 stocks plus .50 marks for the $3 and unders.

4. I really watch the "late hits" that appear on the pre-market leaders board, the ones in the 20 minutes before the opening bell. Many of these run longer than the ones that had been on it since 8 am EST as West coasters tend to wake up late:).

5. I really like the ones I scan for for the "red to green" and "green to red" reversal.
Red to green means going from negative to positive on the day and vice versa.
Since almost all my scans include high dayrangers I think you can see why.

6. If I can I really like to daytrade the lower float stocks.

7. I also like to trade lower volume new 52 week high stocks.

8. I love finding pump and dumps and fluff press release and/or paid promoter stocks.
You need to watch like a hawk cause when they come down they can fall super fast without warning,if you can catch the start of the fall they make great shorts.That's what I'm always looking for,the short opportunity which brings me to.....

9. I like trading with IB,not just for low commish but mainly because you can short almost any stock there regardless of price plus their premarket leader list rocks, it shows in order the amount of time the stock has been on the list,you can catch the real late hits in the last 20 minutes real easy this way.

10. Besides Muddy's blog I read only one other ( since I daytrade I really don't care which direction these other bloggers think the market is going ) Its http://www.timothysykes.com/ for pennystocking and shorts.

11. IMO Stockfetcher is the best $9 a month you can spend if you are looking for a screening service.

12. Both Muddy and I have been in the mutual fund CGMFX for a long time, good place we've found to park trading profits.

13. I like to watch for the high gap open stocks,that are NOT due to earnings, for a fade between 10 am and 10:45 especially.

14. Intraday chartwise I really like the 10/60 sma cross for entries and exits. I used it a bunch when I first started not so much now cause I trust myself a lot better knowing the symbols.
Do a search for "10/60" in the search blog box to see some charts .

15. Daily chartwise I like the "Muddy zone" on UBB pullbacks and "waiting for green " with these to bounce out of this zone.Do search blog box for "Filters I Use". Muddy explains how to use this zone.He recently has widened the zone a bit to EMA10/SMA30 for better visability.

I like to follow stocks like ROYL that had a white candle being pierced by the UBB on a vol increase,see ROYL chart 5/2/08, 5/13 the bottom shadow went right into this zone,the next day it went green at 3.32,it's now at 5.79, ironically bouncing off the EMA twice during this run.
16. Also daily chartwise I like to use RSI(2) as an indicator of STRENGTH when the white candle is being pierced by the UBB. I like to see 90+ RSI2 in this situation,the nearer to 100 the better.
Most look to short these kind and I say they are dead wrong; this is an indicator of a strong stock not a sign of weakness.

Using ROYL again as an example look at RSI2 on its price/vol breakout day 5/2
Its RSI2 that day was 99.62 about as high as it can get!

17. As mentioned in the scans I run, I love to find red candles at the UBB and especially red "floaters" above the UBB. Then I wait for red the next day to go short. As Muddy used to tell me, "Red floaters kill!"

If I think of other tips that might be useful I will update on this post. I hope this will help clarify what I've been taught and how I try to put it into play for the average person just like me.
I feel I have a tremendous edge with this stuff, hope some of you find this helpful.

Edit by Muddy 1/1/09
Here's another filter/scan written by TheRumpledOne,TRO,that I know Mike ran and that I run that I guess Mike forgot to include in his original post.
TRO graciously gave this to me after we had talked about trying to find these.
He has posted his version on Stockfetcher that can be found on the RFR forum thread,3rd page dated 11/15/07 8:44am
The version Mike and I use is a modification showing the highest risk/reward(in our opinion)stocks,ranked in order of total points for 10%+ runs plus ADR(10). This scan is for stocks $1-15. We also run it with price between .20-$1.

The SF code....


/* RUN FOREST, RUN for 1 day 8 pct loss, 2 day 10 pct loss or more */
/* and fails */

set{ DayChg1 , day change}
set{ DayChg2x , close - close 2 days ago }
set{ DayChg2y , DayChg2x / close 2 days ago }
set{ DayChg2 , DayChg2y * 100 }

set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{ClxCl , CCa - CCb}

set{ pick1 , count( DayChg1 below -7.9999 , 1 ) }
set{ pick2 , count( DayChg2 below -9.9999 , 1 ) }
set{ pickx , pick1 + pick2 }
set{ pickx1 , pickx 1 day ago }
set{ pick3 , count( ClxCl below 0 , 1 ) * pickx1 }
set{ pick , pickx + pick3 }

add column DayChg1 {Day1}
add column DayChg2 {Day2}

/* Long Profit Percent Statistics Display */

set{volcnt, count(volume above 1000000, 100) }
set{volzero, count(volume equal 0, 100) }

set{HiOp, high - open}
set{Long_Profit, HiOp/open }

set{B1A, count(Long_Profit > .01 , 100)}
set{B2A, count(Long_Profit > .05, 100)}
set{B0010, B1A - B2A}

set{F1A, count(Long_Profit > .05 , 100)}
set{F2A, count(Long_Profit > .10, 100)}
set{F3040, F1A - F2A}

set{I100, count(Long_Profit > .10 , 100)}

and add column B0010 {1_5}
and add column F3040 {5_10}
and add column I100 {10___}

pick above 0

close is between 1 and 15
average volume(10) above 250000

sort column 10 descending
set{total,I100+average day range(10)}
and add column total
and add column average day range(10)

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.

Awesome Back to Back Calls

13th was on fire this week. He called MESA on Thursday and LGND on Friday at the beginning of their runs. In fact he called them before the mass pile on really started and caused them to rocket. He picked up both moves SOLELY from watching the Scottrade scrolling high of day list. Once again, this is the power of learning stock symbols over time. The more scans you run, watchlists you follow, the better you get at seeing the "pop" on a symbol you know.


Here's MESA:

(May 29-12:03) 13th_FLOOR: MESA little pop .535

(May 29-12:05) 13th_FLOOR: MESA another pop .56

(May 29-12:09) 13th_FLOOR: MESA .58

(May 29-12:09) 13th_FLOOR: .60

(May 29-12:09) 13th_FLOOR: .61 ha

(May 29-12:10) Laura: MESA nice call

(May 29-12:10) goose: nice

(May 29-12:10) 13th_FLOOR: thanks..love the Scott hod list

(May 29-12:10) goose: did u get a position?

(May 29-12:11) 13th_FLOOR: yes ........64 weee

(May 29-12:11) 13th_FLOOR: CAL way jiggy 14

(May 29-12:11) slotmonkey: NAVI

(May 29-12:12) 13th_FLOOR: .66 MESA!

(May 29-12:12) Laura: MESA flying

(May 29-12:13) 13th_FLOOR: INGN even

(May 29-12:13) 13th_FLOOR: MESA oh man .68

(May 29-12:15) 13th_FLOOR: .69999999999999999999999999999999999999999

(May 29-12:15) Laura:

(May 29-12:15) 13th_FLOOR: bust that .70,ha

(May 29-12:15) Laura: wowser

(May 29-12:15) goose: in MESA at .67

(May 29-12:16) 13th_FLOOR:

(May 29-12:16) goose: lets see some magic

(May 29-12:16) Laura: sweet

(May 29-12:16) goose: nice

(May 29-12:17) 13th_FLOOR: .77 I'm sending Scott a few cases of beer for that one

(May 29-12:17) goose: haha

(May 29-12:17) 13th_FLOOR: .80

(May 29-12:17) goose: very nice

(May 29-12:17) goose: ur exit target?

(May 29-12:18) 13th_FLOOR: caught it at .535 on vol spikes off Scott hod list

(May 29-12:18) goose: Huge bid orders

(May 29-12:18) 13th_FLOOR: .90

Here's LGND:

(May 30-11:47) 13th_FLOOR: LGND green from red 2.50 now...pharma stock

(May 30-11:48) sheezo: LGND: buy 13th?

(May 30-11:49) 13th_FLOOR: 2.50 i think good buy on LGND

(May 30-11:54) 13th_FLOOR: LGND bit more,decent vol

(May 30-11:55) sheezo: big spike in LGND?

(May 30-11:58) sheezo: thanks for LGND 13th..

(May 30-11:58) sheezo: it's really going up

(May 30-11:58) Mac400: how much more can it go

(May 30-11:59) sheezo: i'm really happy with 5%

(May 30-11:59) Mac400: yeah

(May 30-12:00) 13th_FLOOR: don't know but trail with tight mental to take profit

(May 30-12:00) sheezo: there are coming big spikes

(May 30-12:02) sheezo: 2.73!!!

(May 30-12:02) sheezo: wooooow

(May 30-12:02) Mac400: props to 13th

(May 30-12:02) 13th_FLOOR: LGND over 2.70

(May 30-12:02) Laura: niceeee

(May 30-12:03) 13th_FLOOR: ahhh just caught off scott hod list and kwen that a a former runner

(May 30-12:03) sheezo: 2.80

(May 30-12:03) 13th_FLOOR: weeeeeeeee

(May 30-12:04) Mac400: how'd u spot this 13th

(May 30-12:04) 13th_FLOOR: (May 30-15:02) 13th_FLOOR: ahhh just caught off scott hod list and kwen that a a former runner

(May 30-12:05) Laura: scottrade hod list, stocks you know pop out at you. LGND has been in play for last few weeks, so when you see on hod list..........

(May 30-12:06) 13th_FLOOR: scott hod list i couldnt live with but you gotta understand i know a ton of potential runners from the past

(May 30-12:06) 13th_FLOOR: instead of reading stock stuff i try to remember symbols from former lists from scans

(May 30-12:12) sheezo: i guess the LGND run is over

(May 30-12:14) 13th_FLOOR: maybe not but dont know but still no cross down on 10/60 chart

(May 30-12:24) slotmonkey: wow LGND is going for 3

(May 30-12:24) sheezo: LGND is 2.94

(May 30-12:24) 13th_FLOOR: LGND more

(May 30-12:25) slotmonkey: talk about a dead cat bounce

(May 30-12:25) 13th_FLOOR: see it didnt down cross on 10/60 pretty reliable

(May 30-12:27) sheezo: this is just sick

(May 30-12:27) losing_money: too late to get in?

(May 30-12:27) Mac400: 3 dollars

(May 30-12:27) 13th_FLOOR: yes!!!!!!!!!!!!! over 3

(May 30-12:27) losing_money: trying to learn

(May 30-12:32) 13th_FLOOR: shhezo congrats 2.60

(May 30-12:32) sheezo: thanks to you 13th!

(May 30-12:39) 13th_FLOOR: wow LGND!

(May 30-12:39) 13th_FLOOR: haha

(May 30-12:39) Laura:

(May 30-12:39) sheezo: lol

(May 30-12:39) Laura: both saw on hod list I assume

(May 30-12:39) 13th_FLOOR: funny yeah

(May 30-12:39) sheezo: too early

(May 30-12:39) throbinskin: LGND

(May 30-12:39) 13th_FLOOR: yup we did see

(May 30-12:39) throbinskin: popppppppppppp

(May 30-12:39) sheezo: holy mother!!!!

(May 30-12:39) throbinskin: in 3.5

(May 30-12:39) Laura: good god

(May 30-12:41) sheezo: was this a sqeeze or a news leak?

(May 30-12:41) 13th_FLOOR: love that hod list

ENVI-ous of Anyone That Shorted

Mentioned ENVI pump and dump yesterday. Shew, what a dump. You never know the exact day or time but it's gonna happen. Almost guaranteed. ENVI dropped from 2.70 to 1.70 in an hour!

What a shame; I couldn't get shares with Interactive Brokers. :(

ENVI Newsletter Pump/Dump

ENVI in my mailbox today. Looks like a sweet short.

INGN I WHACKED YOU!!

INGN was a top Premarket leader this morning, it gapped from 2.80 to 2.93 and then crossed 3 at 3.03 AND THEN it went below 3 AND then it got CREAMED .

I immediately went short at 2.80 and it was party time!! ( I love you IB,ha )

It hit lod of 1.80, a whole buck from my entry.

$3k profit on a stock I never had on watch last night, move with the flow!

I tried to upload the chart but it won't take but look at it, a thing of beauty.

Those of you who like to short the pennies watch VOYT ,shortable on IB, I'm licking my chops for a sign of RED!
Oh and bye bye ZAAP you dog.

Gimme Some Steel

Muddy and I are looking at steel stocks as a nice place to park some bucks that we don't need for daytrading.

GTI MTL AKS GSI ZEUS are a few. Compare the daily charts of these to TRA CF etc a year ago. They may seem high priced as you see they have doubled in 4-6 months, but most of them look like the start of a huge run up. P/E on most are very attractive.

GTI also has solar exposure. Just keeps going......

KYUS ... THE DUMP PART

Of the "pump and dump" was quick and nasty, lasting an hour with 13 red candles in a row!
It took the price from over $4 @ $4.19 right through the $3's to a low of $2.88.

Notice the warning one got with the 10/60 cross to the downside on Fri @ about $4.22
http://img144.imageshack.us/img144/9195/kyusmay272008cl9.jpg

ONLY IF YOU LOVE THE UNDER $10 STOCKS

As I do,you may find this "T.V." show called LiveStock pretty informative.
Over on the left on TimSykes site ( yeah I know he's controversial,some love him ,some hate him,me I couldn't care less about his personality, although I do like him,he's even asked me to be a guest poster over on his site,it's where I find a whole bunch of info on "pennystocking" and the stocks that are "in play" at the moment ).

The link to his latest show is here:
http://www.mogulus.com/livestock

Interestingly he talked some about how companies will change their names to try to get a rise in share price and I had done some dd last night on CHTL to see what deal was on this going from 7k shares on Thursday to 365k yesterday.
Turns out they changed their name from Mortlock Ventures Inc. symbol MLVI to China Tel Group Inc.
Hmmmm, boring Mortlock to a Hot sector name , china telecommunication,nifty move!
Looking at the MLVI chart it looks as if this was manipulated by either/or spam email,fax, paid promoter pump or by "fluff" news.
17 green candles out of 19,all on a gradual rise,probably all green days the manipulators bought near the close just enough so it closed higher than the day before.
The tipoff here is there are very few top shadows on the candles during this run meaning the stock closed at or very near their high of day's.
Anyway let's see what they can do with their "new" name:)

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.

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 Friady!

Edited 6:00 pm 5/24/08
Ok, I love digging into pump and dumps, so I'm over on silicon investor HERE reading this about a company that was named K-9 concepts ticker symbol KNIE that merged/changed their name to Aussie Soles ticker AUSE.
So later I go to my p.o. box to get my mail and guess what's in it.
A 15 page report from UntappedWealth stock newsletter that says these Aussie Soles shoes will be bigger than Crocs that jumped 800% in share price in just 19 months!
No thanks but I will play the pump and dump game with AUSE
You gotta read the link above from SI, it's hilarious, vitamin C showerheads anyone? LOL

HI EVERYONE - SINO,CHECK IT OUT!

Thanks Laura and Muddy for allowing me to be a guest poster.
I've known Muddy for for quite sometime and have learned well from him.
I've been in the chatroom for about 3 weeks now and I love it!
I'm trying to put up Muddy-like watches in there and really enjoy it.
We had a huge runner yesterday right at the open with SSN from 4.45 to hod at 7.84,closing at 6.51
Myself I also like to short these high flyers when they turn red ala SSN PDO MXC FPP today and MESA SSBX GETG from the past.
So I also try to alert ones like this ( SYNM today also fell hard fast ) in addition to alerting the ones on the long side.
The last 2 days we've had up to 20 folks in the chat up from about 10-12 last week.
So it looks like we are picking up.
Come join us if you have the time.

Today I alerted this 25 minutes before the open and it turned out to be a MONSTER!
I actually got the heads up on this early this morning from Muddy who got it from a friend over at Wealth University ( the WU link is over on the right on this blog,they have turned $2,000 into,not sure of the exact figure but very close, $95,000 since starting in October )

(May 22-09:05) 13th_FLOOR: watching chinese shipper ipo SINO,really low float

SINO ran hard all day closing at 21.45 from an open of 14.71 with almost 2 million shares traded!

This one wasn't too shabby either:

(May 22-09:06) Laura: GBR mentioned yesteday looks to gap big

I mentioned it yesterday at 8,it ran to 11 from there but backed down big back to close at 8.
Today was a different story ,it held almost all its gains , closing at 12.75 for a 59% gain.

Can you see why I love this stuff?

COMBO FILTER

Hey everybody,
I'm still around so if there's any questions just add a comment,I'll get back to you ASAP.
I've come up with what I call the "Combo Filter"and the last 3 months it has worked out really super for me.
What it basically is is the RunForestRun scan,authored by Avery Horton,combined with the stocks over 8% with ADR(30).
Very simple but pretty deadly.
An old friend of mine who goes by the nick 13th_floor got in touch with me around November of last year and said he was finally serious about trading for a living and asked me to tutor him.
Since we go back a long way,and he is such a giving person, I said sure.
To make a long story short he has come a looooong way since then.
He actually uses strictly my methodology and has been posting a bunch on Stockfetcher.
So here is the link to the SF forum that he describes what he calls The Deadly Combo

P.S. He has been in the live chatroom the last 2 weeks and from what I've heard his headsup are burying Muddy's,haha
Good for him,he has the fire,me I'm still on hiatus but expect to return to the chatroom after summer.
So if you want to check out the chat again if you were an old visitor in the past or if you are new to the chat,please drop in,we have renewed the chatroom for another year.
To newer viewers to this blog,you can see there haven't been any posts here for quite awhile BUT everything posted here remains the same,the "old" stuff still works so read.
Sincerely Muddy

P.P.S. Laura and I have asked 13th to be a contributor here with posts and to be a moderator in the room.

Hi Blobbers and Timmay!

Fun day again in the chat. Yesterday one of the best (and funniest) in a long time.

Thanks to all blobbers who came to our virtual BBQ to celebrate all the trades we made in IDMI.

Weather here near Philly even better today, near or at 70 degrees, took out the 1890 or something record high for the day.

DUDE and DUDETTE Blobbers, I told you to stay overnight after the BBQ as it was late, but no.......you all insisted on driving home, even after the champs. Don't get some of you like GLOBALSS and Scrumscrab and Rocky. Bitching about drive back to California and Hawaii, but 'tever. You guys are basically wusses, LOL. What's a little driving for a great meal? And not like we didn't work too, I mean really! Muddy is lazy as can be and he cooked 56 virtual steaks. And I had to clean up the mess you virtual blobbers made! Sniff!

But I guess a virtual drive is like the virtual BBQ. If you get pulled over for DUI, I hope you get a virtual cop.

Plus today in chat was cool cause we had a virtual (real actually) star stop in!! And our star mentioned our blog on his blog. Share the love, LOL. Anyways, our friend Timothy Sykes stopped in and stayed all day! Muddy and I both email with Tim from time to time and we will review his book here soon. Enjoying it so far! (I email Tim for real stuff, Mudd and Tim email each other with funny macho stuff about whose short picks trump the other's. Funny stuff!)

Today Tim said he started a new book a few days ago, but I am frankly kind of concerned that he scratched notes on cocktail napkins sometime last weekend at some hoity toity NY club and has already lost them. But he is young, no matter to me. Tim is a sweetheart and very friendly, honest, and down to earth. IMO, he is the next Cramer!! But nicer. Go TIMMAY!

PHAT TUESDAY!!!!!!!!!!!!!!

Welcome Blobbers. (Ha, a new member Rocky called us that, and Laura liked it. Blogger Mob - BLOB. So now we blobs.) Market down almost 400 points, but some stocks trade on their own exchange. Shew, take a look. We called in chat early, little after 10:30. Extracts of the chat log are below the charts. We have a rockin' room.

(Feb 05-10:39) Muddy: IDMI another pop 1.33

(Feb 05-10:40) Muddy: MBI jiggy 15.5

(Feb 05-10:51) Wpg: BIG TIME SLOW-DOWN OUT THERE

(Feb 05-10:58) Muddy: IDMI 1.4 hod

(Feb 05-10:58) Muddy: 1.43 weee

(Feb 05-11:01) scrumscab: Muddy, what is the likely-hood of pharmacueticals like IDMI having more upside tomorrow?

(Feb 05-11:02) Muddy: well IDMI had news yest i think,so maybe thats topping soon

(Feb 05-11:03) Muddy: but is phase 3 news....

(Feb 05-11:04) Muddy: so maybe a runner awhile,see bigcharts for news on it now

(Feb 05-11:04) Muddy: i'm just using 5% mental trailer on it myself

(Feb 05-11:06) scrumscab: Gotcha. I'm just curious with your experience if pharma stocks priced like this have quick momentary runs only to peter out quickly. I like the spread on this, so I'll keep an eye on it.

(Feb 05-11:07) Muddy: APWR jiggy near 18

(Feb 05-11:08) Muddy: spread excellent on IDMI yes

(Feb 05-11:12) Muddy: out IDMI 1.4 ..may try again later in day at 1.45ish if

(Feb 05-11:14) Muddy: ha 1.45 quick

(Feb 05-11:14) Muddy: here goes maybe

(Feb 05-11:14) Muddy: in

(Feb 05-11:14) Muddy: whoa 1.54,love this stuff

(Feb 05-11:15) Laura: Down boy...lol

(Feb 05-11:15) Muddy: use 'em and abuse 'em

(Feb 05-11:15) scrumscab: Man, there's the quick and dead isn't there?

(Feb 05-11:18) stockrake: hopefully IDMI is RIGLesque

(Feb 05-11:18) stockrake:

(Feb 05-11:21) stockrake: ICGN more

(Feb 05-11:25) Muddy: COIN low vol but jiggy 9.8

(Feb 05-11:25) TraderJJ: COINW too COINZ too low vol IMO

(Feb 05-11:25) Muddy: riglesque ha

(Feb 05-11:26) TraderJJ: ha

(Feb 05-11:30) kidd: VPHM - hod at 9.72

(Feb 05-11:31) Muddy: SWC lil pop 13.7

(Feb 05-11:32) Muddy: 1.6 IDMI

(Feb 05-11:33) stockrake: watch it rigl see it jiggle

(Feb 05-11:33) Laura: funny

(Feb 05-11:33) Muddy: haha

(Feb 05-11:33) Muddy: sweet 1.64 hit

(Feb 05-11:33) stockrake: yes

(Feb 05-11:34) Laura: double weeeee for you

(Feb 05-11:34) stockrake: good call on the 1.45 entry

(Feb 05-11:35) Muddy: giddy up 1.7 IDMI

(Feb 05-11:35) stockrake: starting to weee it

(Feb 05-11:35) Muddy: oh yeah

(Feb 05-11:35) stockrake: oh 1.71

(Feb 05-11:36) stockrake: its jiggling alright

(Feb 05-11:36) Muddy: watch YRCW 19

(Feb 05-11:36) Muddy: weeeeeeeeeeeee IDMI 1.8

(Feb 05-11:37) scrumscab: We're probably going to hit 2 for IDMI before the end of the day

(Feb 05-11:37) stockrake: 1.85 giddy up

(Feb 05-11:43) Muddy: 1.9 IDMI

(Feb 05-11:45) Muddy: IDMI 2 babyyyyyyyyyyyyyyyyyyyyy

(Feb 05-11:45) stockrake: RIGLesque for sure

(Feb 05-11:45) Muddy: yup

(Feb 05-12:03) Muddy: IDMI upping back near 2

(Feb 05-12:03) Laura: Mudd, washers and dryers are running WHR

(Feb 05-12:04) Muddy: ha,you do my laundry,dont know much about those things

(Feb 05-12:04) Laura: oh, yeah, true

(Feb 05-12:05) Laura: nice e/r on WHR

(Feb 05-12:06) mrstrader: Laura, you do his wash? lol

(Feb 05-12:06) Muddy: LVS 93 touch

(Feb 05-12:06) Laura: yeah, and believe me "Muddy" is the right name for him

(Feb 05-12:06) mrstrader: good one

(Feb 05-12:06) Laura: good deal though, he does all the cooking

(Feb 05-14:26) Muddy: IDMI creeping back near 2

(Feb 05-14:28) Muddy: MALL near hod 8.67,runs fast last few weeks LLNW still inch

(Feb 05-14:35) Muddy: RAMR pop to green

(Feb 05-14:38) Muddy: LLNW 6.5

(Feb 05-14:39) Wpg: IDMI 2.00

(Feb 05-14:39) Wpg: past

(Feb 05-14:39) Muddy: weeeeeeeeeeeeeeeee

(Feb 05-14:39) Muddy: MALL 8.9

(Feb 05-14:41) Laura: IDMI, I guess even the dogs get steak tonite

(Feb 05-14:43) stockrake: ooo

(Feb 05-14:48) Seano: hi

(Feb 05-14:48) throbinskin: IDMI nice

(Feb 05-14:49) Laura: Hiya Seano

(Feb 05-14:49) Muddy: hi

(Feb 05-14:54) Muddy: IDMI gearing up again maybe

(Feb 05-14:56) Muddy: 2.14

(Feb 05-14:57) Laura: good call again

(Feb 05-14:58) Muddy: 2.25 hit

(Feb 05-15:06) Laura: IDMI bang a double............wooooooooooot

(Feb 05-15:06) throbinskin: hoooooot hooooooooot

(Feb 05-15:08) Laura: 2.38

(Feb 05-15:08) Muddy: unreal

(Feb 05-15:09) Muddy: on 300 down dow day too

(Feb 05-15:09) Laura: I'll have a filet mignon, medium rare plz

(Feb 05-15:09) Muddy: hehe

(Feb 05-15:09) Muddy: so will the dogs!!!

(Feb 05-15:09) Laura: 2.50!!!!!!!!!!!!!!!!

(Feb 05-15:09) throbinskin: more..... WOW

(Feb 05-15:10) Laura: gimme 2 steaks

(Feb 05-15:10) Muddy: oh baby

(Feb 05-15:10) throbinskin: good job

(Feb 05-15:10) Laura: yes dear?

(Feb 05-15:10) mrstrader: congrats

(Feb 05-15:11) Muddy: (Feb 05-10:39) Muddy: IDMI another pop 1.33 .. now thats a pop !!

(Feb 05-15:17) TraderJJ: beauty!

(Feb 05-15:18) Laura: going again looks

(Feb 05-15:20) stockrake: 2.6 nice

(Feb 05-15:20) throbinskin: holy cow

(Feb 05-15:21) Laura: leapin lizards

(Feb 05-15:21) stockrake: this makes RIGL really look like nothing

(Feb 05-15:21) Laura: got some serious mojo

(Feb 05-15:23) throbinskin: Muddy is making steaks

(Feb 05-15:23) Laura: not hurting my short port any, that's for sure

(Feb 05-15:24) Laura: pahty around the bbq at Mudd's house

(Feb 05-15:24) stockrake: this thing is the space shuttle

(Feb 05-15:24) throbinskin: i see 2.8 coming

(Feb 05-15:29) stockrake: massive vol

(Feb 05-15:30) throbinskin: damn now almost 3

(Feb 05-15:30) throbinskin: steak and lobster now

(Feb 05-15:30) Laura: 3 weeeeeeeeeeeeeeeeeee

(Feb 05-15:30) stockrake: can take this whole chat room out for steak and lobster

(Feb 05-15:30) stockrake: on a move like that

(Feb 05-15:31) Laura: hell yeah, and some champagne for all

(Feb 05-15:31) 007: sweet I'm in ... lol

(Feb 05-15:31) throbinskin:

(Feb 05-15:32) throbinskin: It will not stop

(Feb 05-15:32) kidd: Long way from CA - how good are the steaks?

(Feb 05-15:33) 007: wow I missed that .. damn work meetings.

(Feb 05-15:33) TraderJJ: steaks are great but the company is even better ha

(Feb 05-15:33) kidd: lol

(Feb 05-15:33) Laura: a balmy 60 in Philly today, we can BBQ in the backyard

(Feb 05-15:38) stockrake: wowow 3.18 cant stop wont stop

(Feb 05-15:41) Laura: Muddy, you said use and abuse em, earlier. You made IDMI your biatch didn't you?

(Feb 05-15:42) kidd: STEM - 1.84 on 2 x vol. near hod

(Feb 05-15:43) mrstrader: I am only 90 minutes away and I hate to cook

(Feb 05-15:43) Laura: lol

(Feb 05-15:43) Muddy: it's one of the greatest all day runs i've ever seen,from open to close

(Feb 05-15:44) Laura: PANC up 20%, but kinda embarrassed to mention it, ha, pales in comparison

(Feb 05-15:44) throbinskin: good golly

(Feb 05-15:45) stockrake: historical

(Feb 05-15:45) stockrake: and also historical is my sell @ 1.8

(Feb 05-15:45) stockrake:

(Feb 05-15:46) throbinskin: Marriot up 1 %..... lol

(Feb 05-15:47) stockrake: ROIAK HOD lol

(Feb 05-15:47) throbinskin: Muddy up 200 %

(Feb 05-15:49) stockrake: really nice move

(Feb 05-15:50) Muddy: looking at chat log from yest ,kidd called at 1.17!

(Feb 05-15:50) scrumscab: Should I dare say 4 by the end of the day

(Feb 05-15:51) kidd: I did? but did't put any in my pocket, lol

(Feb 05-15:51) Laura: and I said (Feb 05-15:06) Laura: IDMI bang a double.

(Feb 05-15:52) throbinskin: i remember saying 2.8 coming .....lol

(Feb 05-15:54) goongreen: Muddy<----kudos maestro

(Feb 05-15:54) Laura: don't pump his ego, BELIEVE it's not needed

(Feb 05-15:54) Laura:

(Feb 05-15:54) stockrake: thanks for nothing Muddy! (just trying to even things out for Laura's sake)

(Feb 05-15:55) stockrake:

(Feb 05-15:55) goongreen: lol

(Feb 05-15:55) stockrake: now nuetral

(Feb 05-15:55) Muddy:

(Feb 05-15:55) Laura: guess what we going to talk about tonight? lol

(Feb 05-15:55) scrumscab: 4 here we come

(Feb 05-15:56) throbinskin: it's going to try 4

(Feb 05-15:57) goongreen: What they got? Fountain fo Youth

(Feb 05-15:58) throbinskin: looks like viagra on chart

(Feb 05-15:58) Laura: commercials say supposed to see a doctor if it lasts more than 4 hours

(Feb 05-15:58) goongreen: Yeah that a fountain

(Feb 05-15:59) Muddy: ouch 4 hours??

(Feb 05-15:59) throbinskin: red face

(Feb 05-15:59) Laura: this one 7.5 ha

(Feb 05-15:59) scrumscab: Or if you see shades of blue.

(Feb 05-15:59) stockrake: no if it lasts more than 24 hours i think?

(Feb 05-15:59) Muddy: thats not just wood, it's a forest!!

(Feb 05-15:59) TraderJJ: 4 hrs

(Feb 05-15:59) TraderJJ: ha

(Feb 05-15:59) stockrake: lol

(Feb 05-15:59) Laura: ROFL

(Feb 05-15:59) stockrake: redwood tree

(Feb 05-15:59) goongreen: comedians say What...they going to talk it down/

(Feb 05-16:00) throbinskin: 3.81

(Feb 05-16:01) Laura: 3.95 last

(Feb 05-16:01) scrumscab: The volume today is practically the entire volume for all of 2007

(Feb 05-16:01) Laura: ha, that's funny

(Feb 05-16:01) RockyT: in Hawaii we call it Sunami

(Feb 05-16:01) Laura: gap and crap tomorrow, or gap and go? what's your bet?

(Feb 05-16:02) scrumscab: How about the early morning Crap 'n Go

(Feb 05-16:02) 007: thats my bet.. crap'n go

(Feb 05-16:02) Laura: that's what it's like here with the dogs

(Feb 05-16:03) scrumscab: The dogs don't wait for the walk?

(Feb 05-16:03) Laura: I vote with you guys, going to go more I bet

(Feb 05-16:03) Laura: ha, sometimes not

(Feb 05-16:04) stockrake: i gotta crap n go....cya tomorrow

(Feb 05-16:04) Laura: cya

(Feb 05-16:04) scrumscab: Lets' repeat tomorrow.

(Feb 05-16:05) Laura: old folks video game, IDMI

(Feb 05-16:08) RockyT: That was a show...234.211%

(Feb 05-16:08) Laura: incredible run

(Feb 05-16:09) RockyT: What a great day to join the blob

(Feb 05-16:10) Laura: mob blog = blob

(Feb 05-16:10) Laura: I like it

(Feb 05-16:10) RockyT: perfect picture....ioi

(Feb 05-16:11) Laura: Have to go clean kitchen now, Muddy too excited to do it, LOL

(Feb 05-16:11) Laura: BRB

(Feb 05-16:11) RockyT: later to all goodevening!

(Feb 05-16:12) kidd: FRX - put a stink bid in on some calls that got hit so we shall see. It was green today.

(Feb 05-16:13) kidd: take care everyone.

HOW I ENTER STOCKS

I have had a few questions lately on the blog and via e-mail on how I decide to enter stocks.

Laura had a basic description of what I do on a post from a year ago. Entry

Thing is, I can't tell you exact rules. I have been trading for almost 44 years and I know the behavior of tons of stocks. If I see a stock I know start pounding the HOD list on Scottrade, I just push buy if I know it is a past momo runner. It's a gamble maybe, but the odds are in my favor if I know it has done the same thing (on whatever catalyst) many times in the past.

And no, intraday I don't use technical indicators or real time charts. I look at many charts EOD to fine tune my watches for the next day, but intraday.......PRICE and VOLUME, PRICE and VOLUME. All I need.

You have to trade and experiment for awhile. All of us have different styles. I am trying to help and teach, but I can't give you my 44 years of experience.

AGRI SECTOR

If you've been in our chatroom of late you would know that quite a few of us have traded/profited from these exact same 5 stocks in the last 2+ months.
SEED especially has huge fast intraday up moves at times.

Here's an interesting article to check out:

timothysykes.com

UPDATE 1/14
The 5 stocks mentioned here

SEED - 11.5%
COIN + 41%
NOEC + 20%
TITN + 2%
FEED + 20%

Plus COINZ +47% and COINW + 95% both on much higher than normal volume.

All 7 had been up even higher at their hods and backed off near the close.

GRO CAGC also agri stocks gave decent gains

What to Do with Your Day Trading Profits

I posted about the mutual fund CMGFX a couple times on the blog.

I said "2 years ago I took 16 months off from trading other than adding money into CGMFX, a mutual fund I dollar cost average with. ..... But this is what I do. I basically trade off the same $30k account over and over. What is left over at the end of the month after living expenses I roll over into either CGMFX or a few stocks like RRI which I'm into now."

Every month I move my day trading profits into this and a couple other funds. I know some people can manage trading six figure accounts. Myself, I am more comfortable with a smaller amount. I know I can make big returns on smaller plays, and that's my style.

Check out this article about the fund. Up 82% in the last 12 months. Not bad for no work.

Nightmare After Christmas

Nasty topic, but taxes and Schedule D. See the comments on this post regarding taxes. Hope this eases the pain some!