Going Long RRI Darvas Box Update

Just made our last buy on July 5th, and yesterday RRI closed at 30.15, nearing the new top of 30.75 with an intraday high of 30.69. Of course we are waiting for a close above the top, just didn't expect it to get so close so fast. Up an incredible 60% in 4 months on the first 100 shares bought at 18.85. Up 31% on all 500 shares with an average cost of $23.00.

If you don't/can't daytrade, building a portfolio of stocks like this can be the way to go. Averaging up into the strong ones and cutting the non-performers can be a very profitable strategy. Very low stress trading; I go days without looking at this one. In fact, I couldn't watch the HOD list Friday and wouldn't have seen RRI except someone mentioned it in the chat room.

Previous post here.

Muddy's Going Long Update

Muddy made this post last month about stocks he was looking to buy for the long haul using his day trading profits. He bought these stocks on 6/18, so a month later, check out the results. Up 12.75% in 4 weeks! Wowser. I know the market has been rocking, but still a really nice performance.



Now I know that he has the "Need for Speed"; the rush he gets from day trading. (Hmmm, come to think of it I know someone else like this.......)

So after he bought, just to help him out you understand, I made it a true "Buy and Hold" portfolio and changed his password on this account. Truly, I did it for his own good!

TRADES FOR 7/10/07

Since the market got hit hard yesterday I posted the trades that I made.
It is just to show that in that environment it's still possible to make some money.
And yes, I know a ton of stocks and yes, it takes a method(s) that you are familiar with and that you have confidence in.
Also it takes some hard work but that's why it feels so good when you do finally find your way imo.

Click on "my trades" link to see the entries and exits.

Former runners revisited

That phone call from an old friend, your favorite song comes on the radio that you have not heard in a long time, a stock that you know can run big shows up on the high of day list. All kind of the same really, opportunities to once again enjoy something from the past.

Knowing different stocks that have demonstrated big daily price increases in the past is one of the keys to finding opportunities when using the scrolling HOD list method. How do you develop such a list? It comes in time if your an active trader. Running the average day range filter once or twice per week can offer a good starting point for developing a list if your new to day trading. See Muddies post at the right under "Filters I use" It's number 3.

Here is an example of knowing a former runner and how to catch it:

On Thursday, notice TECUA pop up on my HOD list just before the market opened. Having traded the stock in the recent past I knew it had the ability to run big at times and pre market activity for it was rare. Initiated a position in pre after a quick chart / volume check and added to it just after the open when continuation of the run was obvious.



A check of the daily chart shows the big pops the stock had back in May of this year, it was alerted in chat also during that time period.



Knowing former runners and monitoring the hod list for appearances is a simple and effective way to find trading opportunities. See Muddies post for more information here:
Former runners

Stock Tools We Use

Lots of questions from time to time about this on forums/chats.

Answer is, practically nothing that costs money. I know a lot of people subscribe to high priced chart packages, news feeds, and other miscellaneous paid things. If it works for you, that's great. But it truly seems that a lot of people are more interested in a filter that is going to make them rich, or in a filter that is so good that they don't have to scan a few charts, than in finding a couple dozen good candidates from a simple scan and then watching the HOD list and price action.

Simple works best for Muddy, and I am a believer in this too. Besides commissions, the we pay for is $8.95 a month for Stockfetcher, the biggest bargain out there in the stock scanning universe we think.

We use:

8.95, Stockfetcher
free, Prophet.net for CHARTS, no RT, delayed
free, Bigcharts.com for NEWS and CHARTS
free, SCOTTRADE HOD list which is the greatest in the world!
free, Upcoming IPOs
free, EARNINGS
free, PREMARKET and AFTER HOURS trading

Send us better freebies! I know they are out there.

Going Long - RRI - Darvas Box Play

We found this stock in March and the chart looked good. To be honest, I can't remember how we tweaked the filter, but we found it by tweaking this filter on the first GOING LONG post with good volume and price staying above the MA(20). I think we liked this one since it had huge volume and was up around 50% in 6 months.

Anyway, we decided to buy it and play it with a modified Darvas box strategy. Meaning average up if the price continues to make new highs. (Apologies to Nicholas Darvas for my oversimplification, it's been a long time since I read his book.)

We bought 100 shares on 03.19 at $18.85. The prior close was $18.84 so we set the next box top at 10% over that, $20.72. When it closed above that on 03.22, we bought another 100 shares at the open at 20.12 (just luck on that entry due to a gap down that morning), and so on. We are now long 400 shares. Closed over the box top at $27.95 yesterday, so will buy another 100 at the open tomorrow.

Mental stop of 8-10% on the average share price. Up 28.4% in 3 1/2 months on the average cost of $21.77. Nice.

MOMO LIST 7/3

DCEL LOCM OPTN WWAT BCON WHI ZVUE CYCL GMO OCTL VOL RVNG DYNT SDTH WPL GST AKNS LGBT AIQ GSHO SMTX NPLA JAGH EGI OEGY AGT SGCR GNOLF GZGT VMED IOC FRPT JASO ARGN SOLF CSCT RNIN ACOR APAC EGAM

BEATEN DOWN LIST 7/3

MRVC TRMP TOA PSDV ADLS CRYO PTT RCAU FICC MLTO FCSE CORT SOIGF CYTO MPZ TSYS KOG VWPT INNO ZILA

Going Long Port Update Update

Just so sweet today I had to post a picture. Up about $4300 today on the port. I have real shares in only two of these stocks. This port is working so well though, I plan to re-balance to mirror this port.

BEATEN DOWN LIST 7/2

COMS IOC PPHM PKTR AHM SPAR AIS MMCE GVHR CBAK VRNM MOVI EPCT APAC XNL UVSE IDSA DSTI PDRT LPHI

I run this list every night, along with the MOMO list and the DAYRANGE list(once every week on the weekend), total time spent a week about 1 hour.

Imo, running these lists month after month,year after year gives one a tremendous feel for the market in general, sectors, former past runners, stocks that are being followed ("live watches") etc.
I have gotten a huge edge I believe from doing this simple task over time.
Trading , especially trading for a living requires one to have an edge over the general public.
This is mine.

MOMO LIST 7/2

LOCM CRYO BCON AKRX RVNG GMO AVR AEZ RCAU GDLN INNO CMKT KONG FOLGF CVAS ADLS CTHH IAGX GENR MVISW IDVE TMTA GZGT NSOL OCTL ARGN CHNG MVIS SFE ICGE CHCI YCKM CTHR INHX LLNW KMGB ZOLL AZZ PENX EVST

DAYRANGERS WEEK OF 7/2

LOCM CRYO NFI WHI ENCY RVNG GMO DRL DESC VRNM INPC APIO OCTL EPCT QTWW USEY RCAU CSUH DIO DSTI ALTH CHNG TMY XNL ASTI INNO PYTL FOLGF CVAS NBF ADLS CNIC UVSE PLKT SUF PTT WWAT BCON CBAK ACPW

FAST AND FURIOUS MOVES ON RECENT IPO$

Every once and awhile a recent IPO will just bust out with a fast and furious move.
Luckily I was at the HOD list when it happened on back to back days last Thursday and Friday.
I caught both right at very near their beginning runs for very good quick profits on both.
Thursday there was INFN and Friday was LLNW.

Look at these MOVES!!

MACE, something up or not? Don't know

Anyone have info?? Here is all I know:

MACE in the past has run huge on news. Not too exciting the past couple of years, (actually really boring now) but before that, it was an "Oh Baby" stock. Ran huge at times like ABLE, GEOI, GOAM, and TBUS.

The site I use says it reports earnings tomorrow, 07/02/07. Can't find it on other earnings calendars, so caution here. But, I read that they had accounting (aka embezzlement) problems and haven't reported YE 2006 yet.

Average volume 22 days is 11,000, 100 days is 19,000 shares. On Thursday, it traded 6,950 shares. On Friday, 06/29/07 it traded up 4% with 305,000 shares traded. Pretty big volume increase.

Fundamentals don't look too bad either for one of these small cap POS stocks. If I felt like doing real due diligence I would go visit them since they are headquartered a few miles from where I work. But Muddy's laziness is rubbing off on me and I am sure I won't do that.

Going Long Update

I'm a few weeks late on the long port update but here we go; re-balancing this weekend. I am going to use the closing prices on Friday, 6/29/07.

Quick recap on the huge winners so far:

CF up 107%, annualized gain is 256%
TRA up 84%, annualized gain is 202%
NAVZ up 60%, annualized gain is 144%

We started with $100,000 on 1/29/07 and the port is worth $113,690. That's 13% in 5 months, so the port is up 32.8% annualized. AVCI killed us. If that one had just been breakeven the port would be up about 41% annualized. But this is a buy and forget it paper portfolio so no worries. If I were playing this strategy for real (which is in the works), a 20% stop would be what I would do.

Cutting these: NTY RYI RKT AVCI DYN FRG SBGI TTEC
Adding these: KMGB BPHX GTLS LPHI ICOC GTI IMMR
I stuck to the original filter (search "Going Long" for the other posts about this port) and then saw bunches of Episodic Pivot breakout stocks on the list. Thank you Pradeep, new port heavily weighted to these babies.

Anyone else playing this kind of port? I think we should be adding to the CF and TRAs as we cut the losers. We haven't done this with this port trying to keep the returns simple to see. But I think we should.

STOCKS I'M LOOKING TO BUY

GTI ZOLT CREE INWK SFLY CLRK BCSI RCCC ELON SYNL KMGB CAVM TRCR ARUN LPHI GPOR MFRI FCSX NGA MIND

Because I daytrade from the same basic account amount week after week,whatever I have left at the end of 6 weeks after living expenses I roll into an IRA type account for the long haul.
This week I will buy a few of these to add to that account.

They are at or near their 52 week highs,they have not violated the 20SMA in awhile and many have hopefully just started a fresh run after having a b/o that included volume and news/earnings.

MOMOS LIST FOR 6/18

SWHC NUVO DRA EPCT RTK CSUH NWTMF SDTH QTWW JAGH ASTI SUF IFON LTS BVTI ASTIW COOL EBOF TMTA SNRN SEXHF CVO PNK PCS ISLE LSCC ASCA AWNE SFLY ASGN KNDL CALM LXU OMR KMGB OPSW ICON BQI DVR ALNY

BEAT DOWN LIST FOR 6/18

ENCY DRL AOI XLGI BPG URST TNRO ONSM OISI CAUI BBA CRYO APIO CPST SGAMY PLKT BBW POWI EFSF HDTV

DAY RANGERS WATCH WEEK OF 6/18

ENCY ONT WWAT NFI DRL NRMX GNBT CSUH NWTMF CRTX AWNE SDTH HSOA ONSM DCNAQ END JAGH GSX HDY SCEY RVNG NTRZ TELK CHYS BVTI GNVC ASTIW MCZ GNLB AGEN MDII JDO IDMI QNTA SDRG KALG MATH TEXG INNO YTBL

RVNG - A GREAT EXAMPLE OF A FORMER 0 VOLUME STOCK

I keep using the same few methods over and over and they continue work year after year.
I've been posting about recent 0 volume stocks for 4 years now and how once they get attention from the street they have the possibility to be fliers.

RVNG a 0 volume on 5/23 has had an incredible 7 day run since 5/31 after HITTING 1.8 MILLION SHARES FROM THE PREVIOUS DAYS 10K VOLUME.
That is a huge leap in vol but amazingly on Friday it had its highest volume day yet,6.5 million!

In that 7 day period the price has gone from .78 to 1.54

If you look to the right on the blog under "important posts" you'll see "Former Zero Volume Stocks".
It's been up there from the start of the blog,this angle can be a huge edge and you won't find it on many blogs but for myself it's one of my favorite methods of all time.

ONXX Onyx Data Deliver the Goods

Now really Loki, Mr. Biotech/Pharma dude...this is your kind of posty thing not mine. We have chatted about the ASCO meeting held this past weekend since I am now kinda/sorta working on the periphery of this industry and you follow biotechs.

But I'll post since you are not on the job tonight after single-handedly calling alerts in the chat today! Many thanks for that.


Couple of links about the conference here:

The Top Stocks From Biotech Confab ASCO

Onyx Data Deliver the Goods (Man, wish I had held that swing position from last month.)

Anyways, some interesting stuff there if you follow bio/pharma stocks.

AH+Earnings=OoooooBaby

Pradeep, in his blog Stockbee, has said a lot about earnings related spike in the stock prices. I would like to add my observation to the concept. I understand for some of you it might not be something new,to them I'll plead that I'm just a "newbie" so kindly bear with me.

It's basically for those who keep a close eye on Pre n AH, I found it useful to make a list of stocks that appeared on Pre and Ah because of their positive earnings. Not only, such stocks, run well that day there are strong chances that they might start running again within a period of few days/ weeks. Some may gap up tht day, go down the next and start moving up again.
Forexample
CPWR appeared on Ah -MAy/15/07


HSOA -Ah on May/9/07



There were many includin AIRM,FWLT,NDN(yest)andVDSI (today) to name a few. It may not always happen this way but FDA approval for Pharma/Bio, earnings along with pre /ah can be the rule of thumb.

LATE NIGHT R.E.M.

The Power of "Wwweeeeeeeeeee"

Trade to trade well", I read that somewhere and thought to myself ...."HUH?! What the crap!" What happened to the trade to earn well"? But it didn't take me long to understand that "trading well" itself entails a sense of acheivement. A few days at Muddy's chat and you are a part of that exciting, terrifying yet fulfilling experience which can only be expressed as, in Muddy's words, "Wweeeeeeeeeeeeeeeee".Believe me there's no other way to express it .
"Wweeeeeeee" is the sound of a rising stock which transforms into the sound of success if you have been able to pick it on time.Please don't under estimate the "weeeeee" powers;it is an overwhelming sensation. Once under the spell u can be high for days;smiling to yourself and others to an extent that people think you are crazy or hitting on them :)
I am grateful to Laura and Muddy because of their encouragement and help I've been able to witness/taste a few "weeeeees" like yesterday:
CSUN Loki has already mentioned that
DUSA opened at 3.69 and kept soaring till it hit 4.76...(."jiggy" in Muddy's lingo)


Dusa is a "pharma stock" and the reason for its big show was FDA's designation to its drug. This one trait common to all pharma stocks, FDA has the power to make or break them e.g DNDN. So before indulging in any "pharma stock" please check the news/rumors.

***MY TRADES 5/17 5/18

DAWG Trades Friday 5/18

DRL in 1.02 out 1.03
VSCN in 15.66 out 16.35
THK in 2.60 out 2.84
ENOC in 31.13 out 31.81
TECUA in 15.70 out 17.15
DSTI in 4.03 out 4.53
OMR in 7 still holding at close price 8.32, expecting gapup on open

Again, thanks to Loki, for early news alert on OMR shipwreck find.

Thursday 5/17

DUSA in 3.87 out 4.50
TUBR in 2.28 out 2.41
AVNR in 2.81 out 3.19
TTGT in 15.20 out 15.17
TECUA in 14.05 out 15.72
CSUN in 13.04 out 16.48

Thanks go out to "MR. IPO", Loki for CSUN.

CSUN

"I love the smell of a good IPO in the morning." Every once in a while one will come along and fly from the get go. Today we had CSUN which started trading. Stock opened at $12.00, did a quick dip to $11.77 and took off from there as you can see in the chart. Stock closed at $16.59 near the HOD of $16.70 on heavy volume. This is why I monitor the IPO scene. Sweet!!!!

Chat Room, Please Read

We have made some changes to the chat room code (no ads!). If you are having problems logging in, clear your browser cache and try again. Starting around June 1st, if you haven't already done so, you will need to register a user name with Parachat to access the chat room. It doesn't cost anything to register.

Muddy's Filters

I mentioned a few stocks on the MOMO list in the chat on Friday. From this list I put up DCNAQ alerted at 1.35 and MBKR at .75. Nikki first alerted VII early at about $10. Some nice gains from this scan.

Someone said that it would be useful if we put these on the blog. The filter is really simple and is already here on the blog under the Important Posts link on the sidebar, FILTERS I USE. It is the first filter mentioned in that post.

FLOAT

There have been some huge runners in the past few weeks,many of them lesser known stocks with LOW FLOAT.
New readers here if you're interested in low floaters I urge you to check out... http://stockbee.blogspot.com/

Friday's post by Pradeep is as usual very informative:

Revisiting float

FRIDAY'S MOVERS ON MY WATCH 5/14

With decent volume and dayrange:

DNDN OPBL DCNAQ NFI BFTH ONT RTK NGA PUDC ANO IDSA TKO SIF AVII VII ICOPW COTE NFLD ABIX CYDS

BEAT DOWNS FOR 5/14

With good dayrange and decent volume:

DESC BRLC CNR MAMA OPX FFHL MOVI WYY POP HMB CFUL TVIN AVZA AWNE AENS TEXG BPG BSQR NNPP AGEN

DAY RANGERS WEEK OF 5/14

DNDN OPBL DCNAQ DPHIQ BFTH NRMX CPNLQ NGA PUDC IDSA SIF KDKN HMB VII MDII NNPP CFUL AVZA ICOPW AENS TEXG ARGA IDMI GLGC ROCM PRVT COTE MEMY BSQR CHYS NFLD BVSN UPBS EDGR CYDS MATH THK NNRF BTEM SWRI

DAY RANGERS WEEK OF 5/7

ONT CPNLQ NFI NRMX MGRM DPHIQ ISTA AVNR KDKN OPBL PUDC MDII AGIX RPTN NNPP NGA IDMI TEXG CHYS RBY SWRI ANO DRL EVCC CPTC SCRA MBKR DHBT USSU CHCG QBIK TJRUF CBRX HKFIQ IDSA FORG BDSI BPG NNRF CYRX

SUNDAY MORNING WAKEUP

OH MAN, I'VE BEEN TAGGED

I've been tagged by Craig over at Taz Trader.
So I'll give it a go.

My Five Obsessions:

1. My pets, 3.25 dogs and 6 cats
2. Chocolate
3. Lifting weights
4. Meat
5. Music

Why I Blog:

1. Because it's all about ME and I love to read what I've written.
2. Because it's all about ME and I love seeing my picture on the internet.
   
3. Because it's all about ME and I love having quick links to the music I like.
4. Because it's all about ME and I love to watch my hit counter tick up because I am sooooo popular.
   
5. Because it's all about ME and I love to go back and admire my trades.

I'm tagging some blogging women. I admire women traders because it's not an easy world for them out there.

1. Multiple Streams Trader
2. Blonde Money
3. Trading Goddess
4. Stock Market Girl
5. Laura (Because I needed a fifth one, I'll throw Laura in as filler. Besides Ah Said it's all about ME)

SUNDAY MORNING WAKEUP (ROCK N ROLL GIRLS, Weeeeee)

AH BUT.............................

Pradeep Bonde said...

"You should trade Episodic Pivots with longer holding periods rather than as day trade. Most of them offer best risk rewards for 2-6 weeks holding periods."

I wouldn't doubt anything you say,believe me,but......

I got the "need for SPEED" :)
And besides this way I couldn't care less if the market slides down for days/weeks/months as I'm all in cash at the end of the day.
Makes for way less stress and that sounds good to me.

BONEHEAD OF THE DAY

Ok, so for the week I had a pretty good win/lose percentage but the closest thing I had to a rocket launch was on Wednesday with IDSA at 25%.
Today I could have probably topped that one but I BLEW IT.
In the chatroom Slotmonkey put up IDMI which turned out to be a super alert.
At the time I was holding quite a few stocks and since I thought to myself, "I don't recognize this stock" I didn't even bother to do a quick chart on it.
It ran from about 7.20 to a hod of 9.68 right near the end of day.
After the close I looked at the chart and couldn't believe it.

...I HAD POSTED ABOUT THIS SAME STOCK ON 4/7!

This is great, here is what I said:

Saturday, April 7, 2007

SPEAKING OF IDMI

As Stockbee would say, IDMI had an episodic moment. That's why it's important to remember Former Runners. This stock may never go again, but many do, and that's why it's important get to know stocks and how they behave.
They may go quiet for a long period of time, but when one day they start running on the HOD list (with volume), you better pay attention!

Ya gotta love where I say "YOU BETTER PAY ATTENTION"
This is why I love trading stocks,you just never know what will happen next.
It's also why I lost an ego a long time ago.
As long as I've been trading I still pull bonehead moves like this on a regular basis, haha.

Every day, "WHAT A RUSH" is right!

WATCHES 4/27

AMRN MDII NNRF ONSM TGEN ZROS CYRX ALAN LGBT KALG BBA IDSA SOLUQ RPTN PACT VII EVCC USSU BTEM BFT

These stocks lost 8% or more yesterday.
Many have good dayrange.
Many have had a recent sq/vol/breakout and have pulled back.
Some have even pulled back into the "zone",EMA30/SMA10.
Ones in this zone are:

MDII NNRF ONSM TGEN CYRX RPTN VII BFT

Ones with big dayrange,listed in descending 30 day average:

BFT NNRF BTEM MDII ZROS CYRX TGEN USSU AMRN ONSM RPTN IDSA ALAN VII

As most of you know I pretty much watch the rolling hod list on Scott to try to find ones I feel will have a good move left.
Talking to some folks about this I was surprised to find that a few didn't realize that when the list is rolling that it will highlight the stocks you have on the screen under it in BLUE.
What I do is put my main list for the day,like this one,up and then put the hod list on,that way when any of these 20 stocks hits the hod list it is so easy to spot.

***MY TRADES

DAWG Trades

I've had a few emails asking if I can post my trades I make so I'll try to post the trades I make each day.
I'll do this for the next couple of weeks and if it's popular I'll keep it up, if not I'll stop.
I'll start with Monday's to today's and add a new post every trading day.

Please, if you have any questions as to why I entered any particular stock don't hesitate to comment.
That is what this is about, maybe some can learn off it.

Tuesday 7/10

ASYS in 9.50 out 10.21
BBND in 14.12 out 14.74
CTIC in 4.55 out 4.49
CYTX in 5.88 out 6.04
ELON in 17.39 out 20.50
FONR in 7.09 out 8.61
IMAX 4.53 out 4.66
OBCI in 2.52 out 3.22


Wednesday 5/16

MPWR in 17.03 out 17
NGA in 14.65 out 15.51
CLRK in 25.25 out 26.17
BTEM in 1.74 out 1.90

Traded crappo today,passed on way too many like CFUL AWNE JADE ONT TUBR UVE that I normally would have hopped all over. No killer instinct today and not sure why.

Tuesday 5/15

TBSI in 18.63 out 19.83
AVNR in 2.72 out 2.93
MODG in 2.01 out 2.59
ATEA in 7.59 out 8.75

First day back trading since Wednesday and it felt good.
Out of my 4 trades only 2 I spotted on my own. MODG gave me 29% courtesy of a great headsup by Slotmonkey and the ever hod list stalker,Loki, spotted and alerted AVNR.
If you frequent the chatroom you know I hardly make it there by 9:30 most days as I'm really lazy and get to doing other stuff.My mission is to spend the least amount of time doing stock research as possible and enjoy other things,so when I showed up 45 minutes early today it surprised even me.
Last night on afterhours I saw one of my all time favorite low floaters ATEA up 30% with volume and I could hardly wait to get started.
From the past I remembered this one and how it could run and it paid off.
Like I've said many times,try to log or remember these kind.
From todays chat:

(May 15-08:52) Muddy: gm....JJ, LOKI,you know ATEA,right?

(May 15-08:56) Muddy: but you from past i think was you and/or JJ

(May 15-08:56) Muddy: you know *

(May 15-08:57) Muddy: i traded it before with someone,might have been JJ in old chat,forget

(May 15-08:58) Muddy: its a big runner on no news at times i

(May 15-08:58) Muddy: in past

(May 15-09:06) Muddy: ok,in dec yeah,and i've seen/remember in 2005 when 8 to like 25 ATEA

Wednesday 5/9

OSIS in 28.30 out 29.15
TUBR in 3.65 out 3.98
CELL in 13.60 out 13.69
ENER in 36.10 out 35.77
UHCO in 22 out 21.74
BPHX in 9.05 out 10.12
TEXG in 2.08 out 2.46

No trading for me until maybe next week sometime, getting burned out again, I'm finding it hard to stay motivated and that's not good.

Tuesday 5/8 :

NGA in 12.90 out 13.92
ECGI in 4.04 out 3.84
NILE in 54.18 out 56
KRY in 4.50 out 4.56
COTE in 1.69 out 1.94
STLD in 47 out 48.10
OMPI in 15.81 out 16.89
GOAM in 6.40 out 6.80
UHCO in 19.85 out 20.90


Monday 5/7 :

TEXG in 2.80 out 3.95 ( added more @ 3.19 )
SYNL in 38 out 40.65
SORC in 6.22 out 6.52

Friday 5/4:

SFLY in 18.40 out 18.10
INAP in 17.01 out 18.90
MOBE in 3 out 3.50
NNPP in 1.71 out 1.88
IDMI in 9.02 out 9.13
BIOS in 3.90 out 4.30

Really good day for me to top off one of my better weeks since I've gone to exclusively daytrading
BIOS went from 3.90 to 4.70 in less than 10 minutes which was quite a rush.
It came down from 4.70 so fast I missed my stop at 4.55 and I outted at 4.30 which was still ok.
I jumped right on this one as soon as I saw the b/o because I remembered the huge fast run it did back on 11/22


Thursday 5/3:

IDSA in 14 out 15.12
SWRI in 1.47 out 1.65
TSYS in 4.73 out 4.59
NTLS in 22.06 out 22.90
NVEC in 34.07 out 34.76
EVCC in 2.30 out 2.49
SMDI in 10.50 out 10.89
CPNLQ in 3 out 3.17
CEDC in 33.03 out 33.62
GTI in 11.55 out 12.10

After my stop was hit on EVCC at 2.49 near the end of the day share price plunged to close at 1.94.
It'll be near the top of my watches again for Friday,along with KDKN HPLF NNRF OPBL as ones that took a hit




Wednesday 5/2:

ININ in 17.10 out 18.62
TTMI in 10.51 out 12.09
ANPI in 6.04 out 6.61
EVCC in 1.83 out 2.10

I never saw ANPI hitting the hod list but I traded it off the great headsup by Slotmonkey in our chat.

Caught EVCC again for another 15% making it 52% over the last 2 days.
It has run 83% in the last 2 days and I've gotten 2 nice middle pieces from it.
As I've said before this is my goal, to take middles and move on to the next one.
I'm not trying to guess tops and I'm not trying to guess bottoms, for me anyway, it's alot less stressful and so far I can't argue with my win/loss or profit ratio.



Tues 5/1:

RX in 30.28 out 31.58
TRCR in 14.23 out 15.29
EVCC in 1.33 out 1.82

Good day today, just how I like them, just a couple trades, all good profits with a close to rocket launch on EVCC at 37%


Monday 4/30:

AVNR in 3.70 out 3.60
XFML in 11.60 out 11.60
GROW in 26.80 out 28.05
ROCM in 24.06 out 24.46
IOTN in 6.20 out 6.34
MDII in 1.82 out 1.86
AGIX in 3.18 out 3.45
CRNT in 6.75 still in, held,out Tues 6.94
SNCR in 23.45 out 22.97
IDMI in 9.49 out 10.37

Not a great day for me as there were just too many things I saw running that I liked and in some cases went with not the best choices I guess but that happens. The weird thing was the Nas down 32 and so many good setups.

I flinched on a great alert by member Stockgal on SWRI at a price of under 1.80, then decided to let it go. Big mistake as it climbed steadily to close at 2.24.


Monday 4/23:
FRPT in 21.40 out tues 23.90
KRSL in 22 out 24
DNDN in 15.70 out 16.50
SCR in 16.30 out 17.40
AGEN in 3.39 out 3.55
VION in 1.80 out 2

Tues 4/24:
TRCR in 12.06 out 13.39
HTI in 9.70 out 9.91
CYRX in 2.09 out 2.31

Wednesday 4/25:
RVBD in 32 out 34.50
MBLX in 24.05 out 25
XNPT in 36.80 out 41.10
ZRAN in 21 out 19.50
IDSA in 10.55 out 13.20
ROCM in 27.45 out 27.40
CTDC in 3.63 out 3.75

Thursday 4/26:
VDSI in 19.50 out 22.20
CBRX in 3.03 out 2.91
AGIX in 3.03 out 3.08
AVNR in 3.50 out 3.47
RKT in 40.10 out 42.80
AEIS in 23.90 out 25.25
XNPT in 42.39 out 44.30
AGIL in 7.51 out 7.55
LEND in 11.69 out 12.26

Friday 4/27:
SNTO in 2.65 out 2.87
MCHP in 40 out 41.38
MDII 1.68 out 1.80
QDEL 14.70 out 14.76
MBLX in 27.05 out 28.21
UCTT in 15 out 15.09
IDSA in 14.03 out 14.90
ICGN in 1.50 out 1.60
ULTI in 28.15 out 29.24

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Understand some of these were alerted by others in the chat, I didn't see them all at the time of their volume spike/price upping on hod list. Since I know a ton of stocks I usually know which ones I want to get into.
This is what the chatroom is about and I thank all who participate.

FRPT

Muddy alerted FRPT earlier today in chat and lookie what we have here announced today at 5:00 pm:

CONTRACTS

NAVY

Force Protection Industries, Inc.,* Ladson, S.C., is being awarded $481,414,500 for firm-fixed-priced delivery order (#0003) under a previously awarded contract (M67854-07-D-5031) for additional Mine Resistant Ambush Protected (MRAP) Low Rate Initial Production (LRIP) vehicles. The Government shall purchase 300 Category I Vehicles and 700 Category II Vehicles, for a total of 1,000 vehicles. Work will be performed in Ladson, S.C., and work is expected to be completed by May 2008. Contract funds will not expire by the end of the current fiscal year. This contract was competitively procured. The Marine Corps Systems Command, Quantico, Va., is the contracting activity.

http://www.defenselink.mil/contracts/contract.aspx?contractid=3501

Hit $25.99 in afterhours, might run a bit in the morning :)

DAY RANGERS WEEK OF 4/23

AVNR EPCT CPNLQ ONT MDII CPST CPTC WITM NRMX CEGE VLNC NUVO DRL AMRN AGIX VG FMT AGEN TOA SCON DYAX PUDC USSU NTBK MEMY FTRS FDMLQ CYRX VYHN CBRX JADE RBY RNVS GMO PCSV NNRF JDO CFPC URZ SCU

SCON which Loki and I saw/alerted hit the hod list with huge volume spikes right at the start of it's big pop on Friday may take off right from open today,4/23.
Loki said at the time it had contract news from the Air Force which hadn't hit the newswires yet at that time.
Looks like the company has just released that news at 7 a.m this morning,might be a runner at open.

SUMMER'S HERE & THE TIME IS RIGHT...

1979 Trans Am. Worked 400 ci/400+ hp.
Weeeeeeeeeeeeee!

How Muddy Got His Nickname

The 1978 eighteen-inch lift, bad-ass, stump-pullin' Muddtruck.....
Yeeeeehaaaaa, grab your earplugs!

SUNDAY MORNING WAKEUP

Re: the gift that keeps on giving

Hiya Loki,

Nice recap on two great trades!

I think someone in chat today asked about the 10/60 cross on MDII. Here's a chart on the cross. I have posted before that the cross is not significant by itself. HAS TO HAVE volume and price upping.

I won't even comment on the 10/60 sell cross. If using a trailing stop as Muddy and Loki do, you would have been out way before that cross down.

2 for $2 for Thursday

Not one but two - $2.00 crosses today that resulted in nice gains

MGRM: $2.00 - $2.48 hod

And MDII $2.00 - $2.90 hod - the gift that keeps on giving:

Notice the volume at the time of the crosses, heavy.

INSW TODAY

INSW was a perfect example of 2 trading techniques that maybe aren't mainstream but have worked well in the past to catch some nice gains.

It was a recent zero volume stock and was up huge in afterhours but did not appear on the premarket leaderboard I use until just a couple minutes before open this morning. CPSL was the same late premarket entry yesterday, which ran well after the open.

MDII Chart

A reason to keep SVB (squeeze/volume/breakout) stocks on watch as long as you can. MDII had a couple of breakouts on volume. Then volume slacked off while the price based along the Muddy Zone through March. Came roaring back on 3/30 on 1.8 million shares and closed at 1.04. Ten trading days since then and it has more than doubled in price.

Actually, many people would have dropped this stock from their watch list when the volume went south; I know I did. But this is the power of having a "past runners" list in your head. A few weeks/months later you see it rolling on the HOD list and you just "KNOW" it's going to run again.

I don't think Muddy has mentioned it in awhile (though I believe Trapper has in chat), but the white candle filling the bands (see the first breakout) can be a very powerful buy signal, especially if it opens green the next day.

WOO HOO!!!! Green on the Screen is Right!

Dayrangers list was rocking today. Sure, I know the market was good, but still.....

40 stocks on Muddy's list.
29/11 green. 12 up 10% or more, of those 6 up 19% or more.

Although I am almost regretting hooking up those new computer speakers, apparently revisiting Gracie this weekend was a nice motivator :)

If you don't know who Gracie is, go ask Alice. I think she'll know.

DAY RANGERS WEEK OF 4/16

NUVO ONT NGEN CEGE FMT UXG CPNLQ FDMLQ GNVC JDO AMRN ASTI GMO URZ CXTI ACEL CPNE CPTC CFPC CPSL MICG SKNN ONSM OPBL AVNC ISON PAE BIOM MEMY VLNC SCRA SWRI AGEN CBRX THLD PCSV RPTN MDII CVDT EXEG

SUNDAY WAKEUP (GRACE SLICK, SHEW)

RE: WATCHES FOR THOSE THAT ARE TIME CRUNCHED

This post dated April 7th showed as of that date this port list at 13 gains 5 losses 2 breakevens with an overall port gain of 7.4%
It now stands at 13 gains 2 losses 5 breakevens with a nice increase in overall port value of 13% !

The 2 losses are minor:

WITM -4%
BQI -2%

Heading the gainers list are:

RPTN +41%
SUF +38%
ANO +30%
IVAN +24%
ONT +22%
ASTI +22%
BMD +20%
LJPC +18%
ESLR +16%
SIGA +12%
ZROS +11%

Update after 2 (9 days in this case) weeks:
Gainers:

SUF +43%
RPTN +32%
ONT +32%
ANO +30%
ASTI +29%
JDO +28%
BMD +23%
IVAN +23%
LJPC +18%
SIGA +18%
ESLR +17%
SDRG +6%
ZROS +5%
NNPP +5%
BVSN +2%
DSTI +2%

Losers:

WITM -9%
BQI -1%
OVTI -1%
VION -1%

16 Gainers 4 Losers Overall port value +16.35

Of the ones that I still have in play I'll set a tighter trailer,take my profits,and move on to a new list of MZ pullbacks which I will scan for sometime this weekend.

Muddy Goes to Hollywood!

LOL, okay, he's not really in the "movie", but he is mentioned a lot. Jeanne over at Blonde Money has a lot of nice things to say about him in her latest video.

Jeanne has only been trading for about a year I think, and Muddy has been trying to help her out. For newer traders here, you might want to watch the whole video and take note: simple is better.

RED, RED AND MORE RED!!!!

Don't make trades when the markets are red?

Why not? Been told not to? Read a book that said to stay away?

Plenty of opportunities come up even on red market days, you just have to know where to find them.

High of day list / good average day range stocks making 52 week highs are the way to go. Muddy has said it over and over again in chat and in this blog, it works. Today the markets were red as you know-

Wanna see what came up in chat? I stopped counting at 35 alerts because well, I just stopped:)

Some of the highlights: Symbol / Alert price / HOD

CTLG .75 / .95 AVII 3.04 / 3.22 ASTIZ 2.50 / 2.75

AMKR 14.02 / 14.30 DESC 1.80 / 1.91 FWLT 63.48 / 64.49

BHIP 2.34 / 2.55 JASO 19.78 / 20.28 GLBL 19.97 / 20.33

AMRN 3.25 / 3.39 VOLC 18.40 / 19.35 RIGL 12.00 / 12.44

NEXC 12.10 / 12.93 AHM 20.10 / 21.91 VRAZ 6.80 / 7.20

VNUS 11.00 / 11.47 MDII 1.45 / 1.70 PGNE .34 / .57

LEND 9.60 / 10.35 NFI 5.08 / 5.38 ISON 1.45 / 2.20

POWL 34.90 / 35.67 JDO 1.69 / 1.87 PDLI 22.70 / 23.62

PARL 5.20 / 5.59 and so on.

Anatomy of a trade today:

Spot VOLC coming across the rolling HOD list at 18.30. Have traded it in the past, remembered it had a decent day range. Checked the news, nothing today for it. Volume seemed good, nice break north so I dove in with a .30 trailing stop.

As you can see it continued north for a nice run to a hod 19.35. In this trade I sold just before the hod for a nice profit. Notice at no time did I mention overall market conditions, ticks / trins, etc. Does it matter? Sure does. Do I follow the overall market conditions? Yes I do, along with Gold, Oil, S & P futures and I listen to CNBC all day long.

Point is this: Trade what is front of you, if a stock is running, it's running. I may tighten my stops a bit and take smaller profits when the markets are down / lite volume days, but that is about it.

If you don't trade on down days and it works for you then that is great. If your looking to expand your capabilities then give the HOD list / 52 week high method a try, you might like it.

OK, the "Pile on theory" or "Everybody into the pool":

I think on red market days this method is even more effective than on green market days and here is why. Less stocks are green, traders who don't short much are looking for green. The result is that less stocks are running so the ones that pop green, hit HOD's and or 52 week highs get the goods. Make sense? Do you think ISON would have run as far and hard today if the markets were green and stocks were popping all over? Just a little theory.

Going Long Update 04.10.07

Long Portfolio Update

As mentioned before, we plan to update this port every ten weeks. I'm a day late but hey, not daytrading here! Prices for buys and sells are at close today, 04.10.07.

First Going Long Post
First ten weeks result of 14 stocks:



Dropped:
SYX MGM WPSC CVS(formerly CMX) ENR SINA HMIN ORBC

Split the cash evenly and added:
GLBL DYN FRG AVCI TTEC AMKR SBGI

New Port:

ANOTHER RUSH - AGEN

This one on my watchlist because as I've said many times,it's the kind that have been a squeeze/volume/breakout recently.
A sq/vol/br on 3/30 with a volume increase of 1.3 mil shares from previous day 77k this one started to hit the hod list with big vol at around 3.15 and was alerted.
About half an hour later it hit it's hod of 4.60.

WATCHES FOR THOSE THAT ARE TIME CRUNCHED

Someone asked for some stocks to watch on a blog, http://www.blondemoney.com, that I reply to once in awhile. Thought you might be interested as it's a pretty quick way to find some good potential runners, especially if you work during the week and are kinda crunched for time.

This method has been posted a few times on this blog as a play off the squeeze/volume /price increase filter.

Stocks at the top of my list I’m watching this week for a bounce.
ZROS BVSN SUF ONT ANO NNPP JDO WITM SDRG BMD BQI ASTI DSTI LJPC SIGA RPTN IVAN OVTI VION ESLR

The results:

The 20 stocks I had at the top of my list that I was watching for a bounce this week had a very good 4 day week overall.

It had 13 gains,5 losses and 2 break evens.

Of those 13 gains we had some real nice 4 day hits including:

ZROS +32%
RPTN +32%
BMD +27%
ANO +21%
SUF +16%
ONT +11%
ESLR +9%
ASTI +9%
SIGA +9%
IVAN +6%
BQI +5%

The 3 losers over 5% were:

WITM -14%
NNPP -10%
JDO - 7%

The overall performance of the 20 stocks was +7.4% for the 4 day week.

All 20 stocks had 3 things in common.
All were sitting in the pullback zone of ema13/sma20 after reaching the ubb recently.
All had had recent 8%+ gains.
All were above average dayrangers (the reason for the big gainers as when they start to go green,they often can go go)

These stocks were all found in less than 15 minutes with the scanning service I use,Stockfetcher.com and if you’re crunched for time you only need to run it once a week or so and keep the old ones on your list and wait for green.

BTW,regarding the pullback zone of ema13/sma20 that I have used the past few years,in recent months I have widened it slightly ( to ema 10/sma30 ) after reading about the TAZ (traders action zone) on http://www.swing-trade-stocks.com/
This zone gives a better visual and works as well or better than my orignal zone.
My thanks go out to Craig over there.

On watch: Stemmies

Watching stemmies close the beginning of the week, some nice moves were made on Thursday:

News on White house bill support and that the Senate is to begin debate on Tuesday, could bring in some interest.

A few Stem / related stocks - last price as of Thursday and percent change:

ACEL 1.50 +7.91%
ACTC .82 +9.33%
ALXN 44.46 +1.46%
ASTM 1.58 +6.04%
CELG 58.03 +4.56%
CRIS 1.55 UNCH
GERN 7.43 +2.34%
IART 46.35 +0.87%
LIFC 24.78 +0.90%
OSTE 8.17 +1.62%
SPPI 6.63 +1.84%
STEM 2.94 +6.52%
VIAC 5.93 +4.40%

http://www.stemcellsstocks.com/

Muddy's Weekend Playlist

Muddy asked me to put up a couple of songs he likes. LOL, after three years with no sound, he finally has new computer speakers. Shew...three years. I am telling you this guy is lazy. Guess that's why he keeps saying "keep it simple" (aka Caveman Trading).

When he was a "muddster" he enjoyed this song:



Now that he's a "geezer" he prefers this "tamer" version:

SPEAKING OF IDMI

As Stockbee would say, IDMI had an episodic moment. That's why it's important to remember Former Runners. This stock may never go again, but many do, and that's why it's important get to know stocks and how they behave. GOAM, ZICA, and REFR are a few that come to mind. They may go quiet for a long period of time, but when one day they start running on the HOD list (with volume), you better pay attention!

Check out this post on The Point of Focusing. Here were two days where huge profits could have been made, since every stock on here I knew as a past runner.

New traders need to start building a mental list like this. It can be invaluable to your future trading since you don't need to study the chart in depth, you can just go on green if you know their history.

WHAT A RUSH!

IDMI ran 67% from it's open price of 6.12 in about 40 minutes.

I see so many folks going for nickels and dimes and this is why I don't do that.
One hit like this even every few months can increase profit returns big.

One needs to break away from the crowd in order to get an edge in the market.
Here's how I found IDMI and why I had it loaded ready to trade before the open .

(Apr 04-09:28) Muddy: IDMI may run awhile

(Apr 04-09:34) Muddy: ha IDMI

(Apr 04-09:35) Muddy: right did run from 6.12

(Apr 04-09:56) Muddy: on AH last night big IDMI and was sq/vol/br on earnings

(Apr 04-09:56) Muddy: figured it would blow

(Apr 04-10:04) TraderJJ: huge, very nice, one of those last min premkt stocks

(Apr 04-10:04) TraderJJ: /low premkt vol

(Apr 04-10:06) Muddy: IDMI IDM Pharma, Inc. $5.25 $6 14.29% 14,180

(Apr 04-10:06) Muddy: AH close last night

(Apr 04-10:10) loki3361: 10

Welcome to Our Newest Blog Member!

Look for a post or two soon from our newest blogger! We sent out an invite to a great trader that makes awesome calls in the chat room on a daily basis.

Seems to keep it simple the same as Muddy does: HOD list along stocks you know, price, and volume.

And BTW new Mystery Blogger, send me an email if you need help blogging or posting a chart or pic. I'm the blogmeister (aka blog secretary LOL)