Monday, June 17, 2013

Delcath systems (DCTH)

Hello Traders,

Delcath Systems, Inc. (DCTH) Trade.

What a day in the markets today. I only took one trade today which was DCTH on the breakout continuation. The morning volume was great, with follow threw to a High of Day at .62. I bought into the breakout in the am at .55 and wanted to hold this for a swing trade to fill the gap to .75. I was in the profit zone for the morning session but the selling continued as it may be assumed that bag holders were selling into strength. I was stopped out on this trade today not thinking it would break below the breakout point of .50 but it happens. At the least we know that scalping would have been the better strategy or selling the morning gap. I was right about the breakout with heavy volume so if you were quick you could have made a nice profit in the am.

One could argue that DCTH did make a higher high and a higher low today, still a bullish sign.

The action I did not like was that it broke that key .50 level and held below it with a close of .4906.
This play still can be intact just will wait to find out.

Sunday, June 16, 2013

Trade Idea for 6/17/13

Delcath Systems, Inc. (DCTH)

Looking at the chart, it broke above previous resistance above .50 after numerous attempts.
Looks like it wants to fill the gap to .75 as a short term fill. 8.3% of the float is short, as the float is only 89million shares. With pressure building and the break above .50 this could fill quickly. A quick Fundamental glance looks pretty healthy, although its going threw some litigation right now with rumors of buy out floating around. Key Statistics Recent Headlines

Thursday, July 15, 2010

It’s Been a While….

It’s Been a While….
Whats been going on?
After a few months of down time I will ease my way back into this volatile market. On a good note, in the down time I have had I educated my self in the world options. I will be posting more about options in the future as I have been paper trading different options strategies. I also have been raising some cash that was lost in the hits I was taking in the market.
My plan will to be posting more watch lists, as well as interesting articles dealing with options and how awesome they are at limiting the risk on trades. In addition I will also be posting about the recent books I have read and my opinions on the market we are in.
I look forward to updating the site and tackle this volatile market.

Sunday, February 28, 2010

Stock Watch 3-1-2010

Stock Watch 3-1-2010
Got a nice 9 stock watch list. Mostly comprised of breakouts which are my favorite. ISSI was my trade last week check out my summary here.

MCG Capital Corporation (MCGC) – MCG Capital Corporation is a private equity firm specializing in investments in middle market companies. This stock got a nice spike on Friday on speculation of future earnings. The best part is that it is a technical break out at $5/share and has volume behind it to propel it forward and spike good. Potential buy for quick gains on Monday, will watch the action in pre market to see where it might go.

China Armco Metals, Inc. (CNAM) – This stock got a 16% spike on Friday from an announcement that they received a line of credit from ING bank for 15million dollars to Expand Its Distribution Business in 2010. It is in the technical break out range right now, no telling if this could keep going or if this is an opportunity to sell into it. I will watch this to see if volume picks up and price action leans towards a higher breakout, potential buy for a swing trade if it does.

Atlas Pipeline Holdings LP (AHD) – This stock gained 14% on Friday on speculation of 2010 earnings as well as speculation of a 34% growth in shale reserve in the Appalachian region. I did trade this stock not to long ago in an intisipation of a breakout. The breakout failed and I was stopped out, I took a tiny 2% loss in the initial investment which was no big deal. With this news release it will test that breakout out point once again at $7ish/share. I will watch to see if it can break it and hold, only then will I try it once more for a breakout that could potential run big!

Magellan Petroleum Corporation (MPET) – Got a gap up in Friday with a 13% gain putting this in a technical breakout range. The only problem is I have not found the cause or reason for such a spike in price, no news, no P/R’s, and not even any stock promotion. This causes some suspicion for me. On the other hand since this is a technical breakout it could be a potential buy for a quick day possible swing trade. Although I must find out why it is spiking so much in the first place before I get in so I can calibrate what type of trade it is and how to play it. With this in mind sitting on the sidelines wont be a bad idea until the time is right.

Wave Systems Corp. (WAVX) – This stock has just been on a huge momentum move, almost defined as going parabolic with nothing but green days and no pullbacks yet. This is technically breaking out from $3/share. I can see this running a few more days, this would be a good opportunity to short into this spike as I missed the breakout. Will look to short on the first sell day for a quick gain if it happens.

Interpublic Grp Cos (IPG) – Is right on the cusp of a breakout at $7.50/share. It was up 11% on Friday from financial news as well as the hype around advertising spending increasing. If this stock can break threw it could spike if the price action is right. Potential buy if it can power threw.

Tuesday Morning Corp (TUES) – This one is breaking out nicely, it got a 7% gain on Friday. I am not sure if it is due to the breakout or for the company’s director Robin Selati resignation. I will just watch to see if it will continue its momentum or it will sell off and become a short opportunity.

TASER International Inc. (TASR) – I have been watching this one for a few days as it does not know what it wants to do. There is also controversy surrounding this company which makes it unpredictable as to which direction it is going to go. On the other hand, volume is slightly fading as buyers are leaving and as it is hitting tiny resistance. This could end up being a potential short. Will just sit and watch.

Wednesday, February 24, 2010

Trade Details Of Integrated Silicon Solution Inc. (ISSI)

Trade Details Of Integrated Silicon Solution Inc. (ISSI)
Well a couple days after I got in it finally happened.
It was only a matter of time before this stock would have a pull back and stop its parabolic move. I got into this stock way to late at $8.40/share which I am disappointed with myself for not jumping in when I wanted to at $6/share when it made its first breakout!

The Trade
I went long on ISSI at $8.40 and as it went up so did my stop. As I new the stock was approaching very heavy resistance I had a feeling that this might be the time where it would pull back. In response to this feeling I moved my stop up quit a bit to lock in some profits. Yesterday was the day it sold off over $1/share, I was stopped out at $8.71/share very early on. I made roughly 4% on this trade, which to me a profit is a profit.

5 Day chart where I bought in and where I was stopped out at.

1 Year Chart


This is a great stock and with a company that looks to be turning around their business model. As the blew away earnings last Qtr this will still be a great company to invest your money in. Since this stock did do a pull back I will look to go long on it in the near future as this stock can obviously run when it wants to. Congrats to those that got in early when I posted my watch list where I first mentioned this stock and made some killer profits.

Sunday, February 21, 2010

Stock Watch 2-22-2010

Stock Watch 2-22-2010
Thanks to better market conditions I am getting better plays, here is a list with 6 stocks and 6 ways to make some good steady gains. I am currently in ISSI and up about 3% thus far with a small position.

Xenoport, Inc. (XNPT) – This company is a biopharmaceutical company that discovers products that utilizes the body’s natural ability to over come disease. This stock had a nice 25% gain on Friday on speculation of better fda news for a drug this company is working on. They received a response letter from the FDA concerning there restless leg syndrome tablets, which pretty much states there will be further delays in the approval process as this drug is not producing good results read the 8-k here. In the past month the stock took a huge dive from $19ish/share to low $6 range from bad news. The news on Friday took this stock higher as it speculates on better results from the drug. I will watch this as this could be bouncing off the bottom in attempts to fill the gap, although this company’s drug does not look to good going into approval.

Newpark Resources Inc. (NR) – This company brokeout on Friday on good earnings and speculation of the future growth of this company. What attracts me is the breakout and its low price as it sits at $5/share, it also held this level threw the close on Friday which validates how strong it is and its potential to keep going. Potential buy.

GFI Group Inc. (GFIG) – Huge spike on Friday on the outlook of the company and its earnings. It hit resistance on Friday and did not breakout on a 15% gain, it hit the $5.50 mark and sold off from there. If this brokeout past $5.50 this could be a buy on quick gains. I will watch to see what happens.

Integrated Silicon Solution Inc. (ISSI) – This stock is a monster and is unstoppable, it is in what some call a parabolic move that has no explanation. Well it does have an explanation, this company has turned around big time! The company blew away earnings and has a great balance sheet why wouldn’t this stock go parabolic after it has been on the floor for the past few years. I finally got into this stock on Thursday at $8.40/share, a very small position since its not exactly where I wanted to get in at. This has turned into a very nice swing trade, I will only sell when I see signs of it topping or when I reach my target price.

Dataram Corporation (DRAM) – This stock has been gaining momentum on a better outlook for the company. It signed an agreement with Government Acquisitions, Inc which works directly with the federal government, this agreement will help DRAM and its market share tremendously. On Friday it spiked from $2.90ish to $3.50 on this partnership deal. DRAM is an old company and has been around forever, this stocks price is going to get a nice lift from all of this. Potential buy and nice swing trade.

TASER International Inc. (TASR) – Taser blew away earnings on Friday as it posted its 4th qtr profit. What is interesting is it was already on the verge of a breakout at the $6.50 level and with this news and gaped up and surpassed it nicely. Potential buy if it can hold.

Sunday, February 14, 2010

Stock Watch 2-16-2010

Stock Watch 2-16-2010
Well it has been a while since I gave a watch list, this is due for the lack of plays with a horrible correction in the market. The only play that was just beautiful threw it all was “ISSI” which was on my last watch list and I tweeted a hundred times. So here is the new 9 stock watch list, this one has some good ones!

PositiveID Corporation (PSID) – PositiveID Corporation provides radio frequency identification (RFID) systems for healthcare sector. This stock got a nice 21% jump in price on Friday due to a bounce in the market and uplifting P/R’s relating to healthcare or obamacare. On a technical level PSID is right on the edge of a breakout at $1.50ish/share. Looking at the past few months on the chart, this stock spiked huge and slowly faded back down. If the volume picks up some and breaks out once more, we could see another spike in the price but I am sure it wont last long due to how horrible of a financial position this company is in, there balance sheet is horrendous. potential buy when the volume picks up and breaks out around $1.60 range for a quick gain, definite short when it starts to collapse as we can see it will and when it does it really goes red!

Westport Innovations Inc. (WPRT) – This company does research, development, and marketing of engines and fuel injection systems that use gaseous fuels, including natural gas. This stock had a good 14% gain one Friday from the news of good earnings and an uplifting conference call. They added a nice amount of revenue to there balance sheet as well as gaining ground on future innovations. On the charts it seems to be slowly but surely gaining towards higher ground. What I will be watching for is when it hits the $14 mark, could be some heavy resistance, although with good volume it could push threw and breakout that is when I will be there for the push as this stock could run and make for a nice swing trade. Potential buy.

Microvision Inc. (MVIS) – Engages in the development of miniature display and imaging engines based on its integrated photonics module technology platform. This company recently had a change in directors and released there 8-k reporting that. On Friday they also received a fluffy news report on them receiving top honors at macworld for a there lazer pico projector. Whats interesting is the chart, it seems to have hit support around $2ish and is starting to bounce. it tested this support a few times an held which to me validates it is strong. This is a potential buy on a nice swing trade, as I see this bouncing and possibly spiking on this new attention the company will be getting regarding their award and new product.

SkillSoft plc (SKIL) – Company provides on-demand e-learning and performance support solutions for enterprises, government, education. Well this was the big news on Friday, as SKIL received a buyout offer at 1.1billion dollars or $10.80/share from a private equity firm see the P/R here. This sent the price soaring 13% of course, although this was a sell into opportunity for a lot of investors. This will be interesting to see what happens in the next couple of days, which this will either move the stock higher as this is in a technical breakout area or just sit and consolidate right here which is the likely story.

Athersys, Inc. (ATHX) -A biopharmaceutical company. This company has been getting a lot of attention from its recent news of getting 2 patents “Athersys Inc (ATHX) said it has been granted two U.S. patents that cover its proprietary MultiStem technology” which as made this stock soar, read the P/R here. Just on Friday the stock made a 12% gain which helps this uptrend the stock is in. The volume is also increasing as this news spreads. Hopefully this is the begging of another huge spike in the price as seen before, on the other hand with that spike can a fading sell off. But with the 2 new patents this stock should gain a lot of momentum as it is capturing my attention for a swing trade. I feel if it can reach and hold $4/share, this will be my entry as this can return back to the $6 mark and maybe in surpass it!

GenVec Inc. (GNVC) – A clinical stage biopharmaceutical company. This I know from the past is a very shady risky company to deal with. This stock I was hesitant to put on my list. On the other hand there are profits to be made here. Now you could buy this little short squeeze as it continues higher, but as we can not predict when the sell off will take place, I would not go long here for the reason of how shady this company is. I on the other hand will wait for that spike to start showing signs of failure and short it as we can predict that this will happen and when it does it will come crashing down hard, just take a peek at the chart. So I will sit back and wait for the sucker buyers and the pumpers to keep at it and wait for the first sell day to sell into and ride it down as panic selling takes place! Potential short if I can find shares, either way it will fun to watch if it happens.

JDS UNIPHASE CORP (JDSU) – This Corporation provides communications test and measurement solutions, and optical products to telecommunications service providers. This stock is the one to watch for easy gains. This company got an upgrade from Morgan Stanley and it also released a better earnings report on Friday making this stock gain over 6%. The chart is just beautiful, it is in the technical breakout range right here as it surpassed the $9/share mark. Not only has attention on the company risen but so has the volume, if this continues there will be no doubt it will breakout nicely. potential buy for a nice swing trade, which it sees no resistance till it hits a 2yr small resistance of $10 and a 2yr high of $15.33.

Epicor Software Corp. (EPIC) – This company designs, develops, markets, and supports enterprise application software solutions and services. Not much to say on this one, except its outlook for future earnings are great. I am just adding this stock to my list so that I can watch it to see if it can breakout at $9/share which it probably wont happen for another few days if it can. Just watching for now.

Integrated Silicon Solutions (ISSI) – Ahh the one that got away from me. This is still a potential buy and swing trade as no matter what the market is doing it keeps pushing higher. This stock gives ample opportunities to get in on an intraday level, as it dips and then powers higher. I am still beating my self up over not jumping in where I wanted to at $6/share as it now sits at $7.65, I was dead on with this….

Sunday, February 7, 2010

SEC Workers Caught Looking At Porn Instead Of Working

SEC Workers Caught Looking At Porn Instead Of Working

One Supervisor Tried To Access 1880 Sites In 17 Days
This is just hilarious and had to share. Goes to show what the SEC does instead of cracking down on all the fraudulent acts on wall street.
washingtontimes - sec-workers investigated for viewing porn at work