Happy New Year!!!!!!!!!

Hey folks!

Just wanted to pop in and wish everyone a Happy New Year! Regardless of what your plans are, have fun and be safe! Lets ring in the New Year with a bang! Anyways, I know I already started the Insiders Section, I will continue it tomm and Monday. I promise I will post some interesting stocks that I have discovered yesterday and earlier on today. For now, lets kick back and have a good time! Have fun everyone! Later!


-Nick

Insider Purchases 2: Follow the Leader

Hey folks,


I figured its about time I hit you off with another installment of my Insider Purchases stock highlight. For those that don't know, I scan for stocks that have had some decent insider buying/or accumulation. I will also include stocks that have visible institutional buying as well.

What's Hot and What's Not (12/30/05)

Hey ladies and gents,


Despite another day in the dumps, there were a few winners and strong stocks that were not easily shaken out. Some of todays notables include: LPSN, QSC, CLBE, FVE, PGWC, SYT (slow, consistant winner), ADEP, IDSY, FORG, MNG, MBRX, ASFT, CHK

Some stock that were not hot, include: HANS (shorted it, so its working in my favor), ACR, HGRD, BMHC, ASVI, UARM, FDG

Under the Microscope: Metabasis Therapeutics (MBRX)

Hey folks,


Just wanted to bring to your attention a stock that I have been mentioning for a while as a great buy. I have had my eyes on this stock since it was no more than $6 a share. Today, despite the crappy market, MBRX is chugging right along and has blasted past its previous 52wk high of 8.09. The stock is currently trading at 8.16, and has even an intra-day high of 8.43. Volume has also picked up in the last few days, which to me was a signal of good things to come. Although the stock trades an average of 30,000 shares a day, the last few days the volume swelled

Metabasis Therapeutics (MBRX - NASDAQ) 1yr chart Current price= $8.16

Looks like another uninspiring trading session...

Hey folks,

I know what you are thinking. This whole week basically sucked. Yeah, there were a few winners here and there, but unless you were playing some risky NASDAQ small caps, you were basically not making much of anything. I am hoping that next week will be more eventful and a chance for the bulls to pull through a victory. This of course all depends how the indices hold up. The NASDAQ has been hammered the last few trading sessions and it has clearly showed thru. Its at key support and needs to hold it, otherwise, things can get even more uglier from here.

Some stocks I recommend that you keep on your radar are: ADEP, PGWC, MRY, TFR, ACR, MNG, NTO, FORG, SCHK, IPAS, CTCH, ONT, CWPC, ATI, NSSC and CLBE.

I especially like PGWC (lots and lots of insider buying) and SCHK (this is a long time fav and undervalued) FORG (great chart) ATI (love the industry group and chart), CLBE (lots and lots of hype plus a chance of a great gain).

Keep your Eyes on the Prize (12/29/05)

Hey ladies and gents...


I know what you're thinking; Another un-inspiring day in the market. Well thats true, but that doesn't mean that there aren't any good opportunities. For instance, swift trades could have picked up a small position in ADEP today and gaineded close to 8%. Another hot mover was CHRK which could have netted you over 16% if you grabbed some bettween 4.29-4.35. Then there is QSC ( you know I've liked this one) which I believe is ready for a nice run up.

Questcor Pharmaceuticals (QSC - AMEX) 1 day-15 minute chart Current Price= $1.00

Some of my current trades....

Hey folks,


I've been really busy the last few days. I'll be honest, I thought I'd have more time to do research, trade and post on my blog since the semester is over. I was wrong. The last few days have been chaotic and busy. I put together my new leather swivel chair for my "trading station", which really just consists of a computer ontop of a computer desk. Some trading station, huh? lol. But seriously, this new chair I got (for X-mas) is the illest. It's much more comfortable than the last one (which was as hard as a rock...or maybe harder).

So what have I traded the last few days?
I traded some CESV. I bought in the low 7's and sold at 9.20
I traded some NEOL. I bought near 8 and sold at 11.5 range for a quick trade
I bought some LPSN at 4.7 and I am still holding
I bought some UARM near 26 and I am still holding.

Failed Trades
I bought some ZIXI around 2.30's and sold for a loss at 2.06

Looking to buy some ADEP
MRY
HGRD
CTCH

Short Squuueeeezee in Action

Hey folks,


If anyone wants to see a short squeeze in action, I suggest you take a look at NEOL. This stock has been heavily shorted the last couple of months and the price consequently took a huge dive from over 12 dollars to the 7 dollar range. Today, NEOL released positive news about it being able to continue its drug trial and the stock is up over 43%. Not bad!

Doing some Research.....

Hey folks,

So how was everyone's Christmas? I hope everyone's holiday is going great so far, because I know I don't have any complaints!

Taking advantage of the fact that the market is closed today, I've decided to do some stock research and see what hot stocks I can come up with. A few favorites such as MRY, ADEP, SCS, NSSC and HGRD still stand out. I will be back later to share some more interesting picks for Tueday and the rest of the week. Later

Merry Christmas to you and yours!

Hey guys, just wanted to wish everyone a Merry Christmas, Hanukkah, Kwanzaa or whatever else you may be celebrating. The fact is, it doesn't matter. The only thing that matters is spending the holiday season with the friends and family that we hold dear in our hearts. So whether its Christmas, Hanukkha or whatever, have a great time and be safe! Oh and pop a bottle of Dom P while you're at it too, cause nobody said not to splurge a little bit.

Merry Christmas and Happy Holidays!

- from Nick

One stock that will have you doing a tight rope act...

Hey ladies and gents,






I just wanted to point a stock that I believe is too goo to pass up. I gotta warn you, its a risky one. Adept Technology Inc (ADEP) is a volatile one, no question. So then why should we risk our cashish on this one? My opinion is, although ADEP looks risky, its really not.

Adept Technology Inc (ADEP - NASDAQ) 3 month chart: Current price $12.00

I know, the chart looks nuts and the volume is miniscule. Still I can't help the fact that this stock is cheap and under accumulation. It is low float, so be careful with it. This tight trading pattern, with the stock price slivering up the 50day MA is a characteristic move that I have found exhibited by previous big winners, like NIS, NTRI, NMGC, BCRX and many others. It is not far fetched to see this stock rocket itself up a few bucks in one trading session. My advice is, accumulate a couple hundred (more or less- up to you) shares. Of course with all my recommendations, keep your eyes open to any changes that can affect price value. Its one thing to break even, another thing to have a small loss and a realllly crappy thing to be down a thousand or more $$$. Good luck!

Solexa Inc (SLXA) keeps humiliating the naysayers...

Hey guys and gals,

Some of you should know, I've been bullish on Solexa Inc (SLXA) for months now. It was actually one of the first stocks I've highlighted, back in the end of August when I first started my blog. I've been called crazy, inexperienced, and just plain wrong on this one for a while. As a matter of fact, up until recently, some of my broker buddies and even my own broker thought I was nuts for picking up SLXA as a pick, let a lone as a holding in my portfolio. So thanks for the hating and the insults. So what did I do? I said, "who cares. Who cares what everyone else thinks." Everyone said it couldn't do it because it traded too thin. Who cares. Its all about Technicals with SLXA. Same thing with another little gem called MBRX (which I have also recommended and trades thinly). SLXA too me, was obvious. The stock was in the middle of forming the bottom of its Rounding Bottom formation. Technically, It HAD to go up. And thats that. Still, the naysayers couldn't get this thru. It just wouldn't register. Aww, what the hell. It did what I had to do. I picked some up a little below 5, sold at low to mid 10's on the first run-up and then picked up a fresh position again when it dropped down below 8. Once again, SLXA is at it again. My target for this stock, at least short term is $12.10. See ya when we get there!

My work is not done yet..

Hey folks,


While most of the other financial and stock blogs are already setting down the curtains until after X-Mas, I'll still be around, trying to find some more hot stocks and giving my sediment and opinion on some current hot picks. The way I see it is, I might as well leave you with some stock ideas for the Tuesday after X-mas. That way you can have a head start on getting some money back that you spent on the holiday. So be sure to check in once in a while. Lata

The Usual Suspects

Hey folks,

To be honest, I don't like how the pre-Xmas market is trading. Still, despite the markets being in consolidation mode, a few winners can be picked and traded within the herd of wild bulls. Some notables include:
NVAX PLXS ACR GLG RGLD ENG (Cramer Recommended) CUP NSSC SCHK (now on the NAS) CAS (I like this one, plus its in a hot industry

BioCryst Pharmaceuticals is En Fuego....

Hey folks,

Look at BCRX go! The chart looked good, and the stock was technically sound. All it needed was a little more volume, which in this case was created by increase interest in the stock due to its announcement of the FDA approval for human testing phase of their flu drug Peramivir! Great job BCRX! From this point on, the success or failure of the human trials will determine BCRX's fate. If they disclose positive results, the stock is going to hit 30+. If not, its back down to $9. Time will tell. For now, ride the hype and enjoy the ride. I had purchased a small position a few on Monday (12/19/05) on strength of the chart (bought near mid 15's and I am planning on selling before the end of the day, hopefully at 17.50 or higher!)



BioCryst Pharmaceuticals Inc (BCRX - NASDAQ) 3 month chart: Current Price: $17.43

What's Hot and What's Not (12/22/05)

Hey folks,


keep an eye on PLXS, GT, GVIS, NEOL (possible bottom), QSC (looking to bounce off 50 day.

Also note that NBG took a dip. Once it dipped, more buyers appeared and took advantage of the dip in price.

Keep an eye on TFR, HGRD, SCS, MRY


Stocks that Flopped (a.k.a Not Hot)

I gotta mention SRLS. A few weeks ago, I recommended it as a buy around the $22 range. After a few days, I noticed the stock trading in an irregular and highly volatile pattern, jumping from 22 down to 19, and back up again to 21. It repeated this odd behavior a few times until I had enough with it. I bought some shares in the 20/21 dollar range to make up for the loss in the 22 dollar range and I just sold it. I realized that my money could be put in better use in other stocks. Now looking at its current chart, I am VERY glad that I sold

On the Trading Radar

Hey ladies and gents,


I got a couple of stocks that I believe you should know about, because they can be the next stocks to propel themselves sky-high.

Steelcase Inc (SCS)

Steelcase Inc (SCS - NYSE)


As the sole leader in a group that is at the bottom of the barrel (Household/Office Furniture), SCS is a definite buy. Don't miss out on the action and the $$$.













Steelcase Inc (SCS) 3 month chart

















Health Grades Inc (HGRD)


Health Grades Inc (HGRD - NASDAQ) 3 month chart

















HGRD 1 yr Chart

Cup with Handle formation coming right up! Also take a glance at the huge institutional share grabbing. 5 million shares bought! Hows that for a sub $10 stock? Not bad at all. My advice is, buy before you regret it.










Last but not least,

Memry Corp (MRY - AMEX) which is trading at 1.84. I like this stock because it is in the same industry group as Titanium Metals Corp (TIE). It is a specialty steel company that has been under accumulation by company insiders. They have been racking in the shares at an alarming pace and in a considerable amount. I also like the chart as well. Technicals are looking pretty good.

Memry Corp (MRY) 1 year chart

Can you say "Double Bottom"?















Looking at the 3 month chart, we can see a clearer picture of the price action of MRY. Notice the increase in volume in the last few weeks?

Keep Your Eyes on the Prize #2 (12/21/05)

Hey guys,


Some stock that you should keep an eye on are....

ACR- yeah this one is one of my favs still. There was some nice buying on this past Friday (12/16). As long as the buying continues, it should do well. Also keep in mind that the stock is close to closing the gap between itself and the 50 day Ma. You should keep an eye on the technicals, especially if you are looking to open a position with ACR. I recommend buying at very low 25's or preferably in the 24's.

American Retirement Corp (ACR - NYSE) 3 Month chart: Current price = $25.25

ACR is looking healthy as ever. Like I said, if you are new to this stock and do not have a position, wait for a slight dip before jumping in.












ACR: 5 day Chart -hourly interval


Although ACR is below the daily MA, which signifies short-term weakness, I wouldn't worry unless you are trying to day trade it or scramble for a short day trade position. The fact is, there is more buying going on than selling. Notice the huge buys on Friday.








Methanex Corp (MEOH), a NASDAQ stock trading at 18.71 is a nice stock that has caught my attention. MEOH is in the Basic Chemicals industry and is one of the more attractive and technically strong stocks in the group. True to its name, the companies main chemical in production is Methanol which can be used to manufacture building materials, plastics, foam and even methanol fuel for certain vehicles.

Methanex Corp (MEOH - NASDAQ) 1 year chart: Current Price = $18.71


Notice that MEOH is in the process of finishing the right side of its base. Also note that bolume and money flow has started to increase as well.











Methanex Corp (MEOH) 3 month chart


The volume and accumulation increase is much easier to see in the 3 month chart. Take a look below and see why I like this stock.

I would like it to dip a little, possibly low 18's to high 17's. But its up to you when to buy.

Schools Out!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Hey Folks,

Thats right! Finally......time for some R&R...back massages, extra sleep....and of course more free time to play the stock market! Yes! The last few weeks have been hectic for yours truly. Although I did have a small amount of time to trade, I still had very little time to do research and pick really hot stocks. Well now that schools done for over a month, I will have that time! Hell yea!

For starters,

check out MRY, TFR and GVIS.

Also keep an eye out for bigger cap winners, such as JOYG, BUCY and ASTE. These are mining/ construction vehicles andequipment companies and they been hot and getting hotter. With vehicles such as these needed to mine coal, gold, gems and fixing up Louisiana, sales are going to be. Just ask JOYG, which is one of my long-term favs.

The Chronic-Culls of Narnia (Lazy Sunday) SNL skit...

Hey guys,

I thought I'd share a very funny Saturday Night Live (SNL) skit that left me laughing my a$$ off. I don't want to spoil any details, so here it is! Please enjoy!



http://gorillamask.net/snlnarnia.shtml

Finals, Missed Opportunities, A Van crashing thru my yard and totaling my car..

Hey folks,

I'm back again and still studying for my final exams. It is frusterating, because while I am sitting here studying, I am missing A Lot of trading opportunities. Take NEON for instance. I have had an eye on this stock for the past week and I was even thinking of opening a position on it. I even had plans to feature it on the blog. But alas, I didn't have time to feature it, let along take a position on it and today the stock is up over 40% on a take over bid. Rotten luck, right?

Thats nothing.

Ontop of all the stress from studying, I had a van crash through my front yard, destroying the wood and stell fence, hitting a tree, bouncing off of that and then crashing into my daily drive (2005 Honda Civic Ex) and my hooked up 1995 Camaro z28. Gee, thanks alot a$$hole. The driver of the van was unhurt (lucky for him), yet I became so enfuriated, I was ready to hurt him myself. He expressed his apologies and what not, but still, that didn't make up for the damage and stress that he caused. I had a final that day (acutally less than an hour since the accident happend) to make matters worse. I knew I was going to be late and fearful that I wouldn't be aloud to take it, I called up my professor and let her know that I was going to be late due to extraordinary circumstances. Extra-ordinary indeed.

The crazy thing is, I had my car on (to warm up) and I was seconds away from climbing into my car. Had I went in the car sooner, I would have either been involved in the collision or I would have at least moved one of my cars out of the way. The sad thing is that I witnessed the whole thing. I was standing in my living room packing up my backpack when all of a sudden, I heard a car losing control and the first crash (hitting my tree). At this point my dog was going crazy with the barking so this got my attention, so I looked out the window to see what the commotion is all about. Thats when I see a huge dark blue van plowing through my yard, crushing and crashing into everything in its way. Then there was the final crash when the idiot finally crashed into the cars.

Taking Advantage of An Opportunity #1: SXC (Stantec Inc)

Hey folks,


I'm done studying for now. So while I am inbetween the business of "gettin decked out n fly" for tonight, I decided to post a stock that has captured my attention. I know it trades a low amount of shares, but still, its a top quality stock and an inexpensive one at that. I like it because technically, it looks really good! SXC is currently trading at 33.30 on the NYSE.

Stantec Inc (SXC) 3 month chart


Although its low float, and thinly traded, the money flow is positive and the stock has succesfully bounced off the 50day MA. I personally like it and may play it if given the chance. I will definitely tell you if I play it. Right now is the best entry into SXC. Anyway, If you choose to play it, don't go too crazy with it. You know what I mean!

Stock Highlight #1: PSTI (Per-Se Technologies Inc)

Hey folks,

Stealing a minute from studying for my finals, I am able to show you a stock that I have mentioned before. The stock is Per-Se Technologies Inc (PSTI) which trades on the NASDAQ at 24.27. I like this stock as it is ready to take off any day now. It has been consolidating near the 50day MA for a few days now and it has recieved the buyers support in Fridays (yesterday, Dec. 16, 2005) trading. Keep PSTI in mind for this coming week! I would buy anywhere in low 24's, with a chance of buying in at least high 23's. I'll be back later to post charts and what not.

-Nick

Keep your Eyes on the Prize

Hey folks,


Some stocks that you should take a look at include RSCR (previously mentioned and recommended) which is up over 11% this morning on a positive earnings outlook. Also note how the stock was on the verge of collapsing thru its 50 day MA. My guess is that the announcement was purposely timed. If you look at it as well, you will see how obvious it is.

Also take not of GETI, IPS, HWG, ZFPI, SNWL

Also take special note of BCRX. I like the slowly uptrending chart pattern that sticks close to the 50day Ma. It is a special characteristic of stocks that have strong technicals and it reminds me of chart patterns that were exhibited by stocks such as SQM, HANS, TS, and NTRI as they began their big runs. Also take special notice in MBRX (cup with handle formation and near 52wk highs).

ASVI is another one to watch. I really like this stock. It is currently trading at 27.00, a few cents above its previous 52wk high. I have been watching this stock for some time and I believe it can take off if more people paid attention to it and its wonderful fundamentals and growth! It is also looking great tecnically, as it is building a semi-high handle on a short cup.

Going for the Gold.........

Hey folks,

Todays market trading, in my opinion is an outright disaster. With Consumer prices down, the rate hike, Nat. Gas dip, its a miracle that the DJA is even up a notch. As a matter of fact, the only stocks supporting the Dow right now are the Gold, Silver and Precious Metals. As a matter of fact, I picked up some FCX. I noticed some institutional interest since the stock slid a little off its 52wk high, so I thought, why the heck...gotta grab some. Stocks I am still keeping on radar include, SNWL, LPSN, NBG, GROW, BBC, MCD, JPM, HWG, and GT. Some of these I mentioned last night, while others were not mentioned due to time restraints and my narcolepsy. Just kidding bout the narcolepsy, but I was very tired after a night of studying and stock hunting....


Some Gold and Precious Metal stocks...GLG, NTO, BMD, AZMN, GG, BVN, RGLD, FCX, RTP etc...oh and GROW and BBC and SMG (fertilizers are composed of minerals and metals as well)

Some Ideas and Suggestions for Thursday, December 15, 2005

Hey guys,

I just wanted to point out a few stocks that I think look attractive for tommorows trading.
Check out NILE, HLF, SPC, BTH, NLS, BCRX, BMRN, APOG, UG, LPSN, AT.

Also check out MCD (yup McDonalds). Just recently, insiders bought shares, and the stock is looking like it is ready to break out of a cup with handle formation...

McDonalds Corp (MCD -NYSE) 1 year chart

If thats not a cup with handle formation, then I don't know what is. Although many may regard McDonalds as more of a value play than a growth play, the technicals are pointing in MCD's favor. This is a relatively safe play, so don't miss out on it.









Also NBG is heating up with huge buying in the last few days......

National Bank of Greece (NBG -NYSE) 3 month chart


Now that's friggin' sweet! Ya gotta love charts! I'm thinking of grabbing some tomm. Lets see how it behaves.

Has Oil bottomed out?

I believe so. I am also putting a buy rating out on CHK, CNQ, GMXR, ARD and the other oils. Just because oil isn't trading at $70 a barrel does not mean that these companies are not making money. I say stick to the winners, especially those that have based out and are either already in an uptrend or ready to resume one. I don't recommend chasing the highly speculative ones, unless you don't mind the extra risk.

Who wants to be a Bag Holder??

If your interested, fill out an application at your local supermarket and get your $6 an hour. Hey at least you get paid. In Wall St. world, being a bag holder is even worse than its consumer retail counterpart. Here you are not paid holding the bag. Instead, your are holding a bag of $h!T, which in this case is a bad stock that is causing you more trouble than its worth. Enter Quidel Corp (QDEL). Once I had considered this a promising stock. Between the last 2 days and today, that all changed. I had a position since the stock was trading under 11. I held onto those and sold most of my position at the low 15 dollar range. I then picked some more up when it dipped to mid to low 13's, believing that the stock would bounce up. I was wrong. So watching yesterdays action confused me. I saw the stock drop as low at the low 11's, high 10's and then saw as the stock corrected itself and went to the low 12's. I thought it would bounce up for sure. I was wrong again. Now I'm stuck holding the bag of a company that has dropped for now apparant reason (no news) other than an increased interest by the shorts. What gives? Heck, if you know why QDEL has fallen so badly, let me know. All I know is, I'm planning on selling the remaining shares. Its not worth it when there are other great stocks to buy.

-Nick

Taking advantage of the Situation: Tire Stocks....

Hey folks,

I believe its time we backed up the truck on tire stocks. And why's that? In case you do not know, there is reportedly a tire shortage that is hurting the mining company industry. Tires are need for industrial vehicles, for heavy duty hauling of coal and precious metals. Anyone following Fording Canadian Coal Trust (FDG) will note a recent report that was released that sent the stock off a cliff. The stock is back above its 50day, but the reaction has got me thinking about tire companies and how they would benefit from the higher prices of tires.


So what tire stocks do I like? Well, there aren't that many publicly traded, so that makes it a little easier.

My number one pick, in terms of availability (on U.S exchange) and recent volume accumulation, is...

Good Year Tire and Rubber Co. (GT) trading at 17.29 on the NYSE

Good Year Tire and Rubber Co. (GT) 3 month chart
















Chart 2


1. Here's the volume (institutions stepping in) that led to the initial breakout.
2. The breakout above the 50day MA, which GT was able to hold and maintain.
3. The buying of GT continued to increase after it hit its October/November low.
4. With today's above average volume in buys, the break out is much easier to see. Buying the stock now in the 17's, would be ideal.





Good Year Tire and Rubber Co (GT) 1yr chart

Looking at the chart, we can see that GT has been slowly been accumulated and has been experiencing some nice buying despite the dips. I believe that the stock has bottomed out and is ready for the next leg up. With the demand of tires up, GT should be burnin' rubber in the next few weeks.







-----------
My 2nd pick for taking advantage of the tire shortage is.....
JP Morgan Chase Co (JPM) which is currently trading at 39.41.
Now before you ask "what the heck does JPM have to do with tires, let alone a tire shortage?", think about this. I'm going to show you a 1 yr chart of JPM....

JP Morgan Chase (JPM) 1 yr chart

At first glance, you may just think, "oh nice the stock bottomed out at the begining of October and then shot up in a bullish run". But why? That is the question!
Lets look at the 3 month chart....











JP Morgan Chase (JPM) 3 month chart


So when did the run up begin? Around October...lets say October 11? Pretty close, right? So What DID happen on October 11 or around that time? Hmmm......lets see if we can find some info...









Titan Intl Inc (TWI) 3 month chart


Oh whats this? This is Titan Intl Inc's (TWI)chart. TWI manufactures tires for giant earth-moving and construction vehicles. You know the ones that coal co's use on their trucks (hint hint). Oh what is that you say? Looks like the company was bought out on...oh looks like October 11. Ya don't say! And by who? One Equity Partners. Who are they? Why, they are just a fancy name for JP Morgan Chase. Yup, thats right, JP Morgan bought TWI. And why? To take advantage of this situation. Its no wonder why JPM' stock has sky rocketed since then.





















So GT and JPM are my fav plays. Some other plays that you should check out are CTB, and BDG. I don't have the time to elaborate on the last two, but you can check them out. Oh and yeah, If you have an Interactive Brokers account or another account that lets you trade foreign equities, check out Michelin Tires. But like I said, GT and JPM are the ones to keep an eye on and possibly play. Now time for a little studying and then bed... Later Folks!

Double Bottom Pick for December (#1): YPNT.OB

Hey folks,

I just wanted to introduce you to an interesting technical chart pattern that has the power and potential to yield you more than just a decent return: The Double Bottom (or Triple Bottom). The Double Bottom pattern occurs when a stock has fallen from grace and takes a dip. When it establishes a support level, it attempt to bounce up. From then, it proceeds to test its resistance levels. Once it faces resistance, it proceeds to fall again and retest its support levels for a second time. Lets look at it this way. Lets say stock XYZ was trading at 15.25. Come earnings time, its numbers dissapoint, sending the stock crashing down. It eventually settles down and hits 8.80, where a few buyers step in and manage to drive up the price to 9.25. Unable to currently hold its position or venture higher, the stock slips back down to 8.90. Hitting its support level for a second time and establishing an absolute bottom (at least a temporary one), coupled with the stock being oversold at this point, triggers more buying (more confidence that most of the downside risk is gone spurs lot and lots of buying) which is the driving force that propels the stock sky high.

Now take a look at the stock below on the chart. Sounds like what I was talking about before? Yep. Although some people will be quick to point out that this idea may not work particularly well for penny stocks, I disagree. As long as the volume and interest is there from traders, you can still make money off a double bottom run up. Now remember when dealing with .OBs we dont want to play our IRA or 401k.

YP Corp (YPNT.OB) 3 month chart



Notice the increased buying interest once it hits second buying. Thats the signal we are looking for

No need to check in with the coroner, I'm still alive and breathing...

Just checking in, inbetween some studying. Let me tell ya, It's been real busy. I have been keeping an eye on things, but obviously I can't keep an eye on everything.

I have a losing trade that I want to confess (because its buggin' me like crazy). I sold a position in BNT for a 7% loss. The funny thing is, I wasn't planning on buying it. Still, seeing it having a nice run up, I thought, "gee, let me pick some up if it dips a little". So I did, and suffered the consequences. Now I know that it can still bounce up, I decided to put my money to better use. So I bought some VHI. I also have LPSN, ADEP, GT, RIGL, EURO and CNQ in my sight as well. Also, I hope none of you have slept on GROW. I told you it was gonna be hot. I mentioned it several time before the big run, even recommending it at the dip to the 50day (it was around $7 at that time). Those who saw and seized that opportunity were rewarded. What else? TIE took a dip. Im thinking it due for a bounce soon. I will keep an eye on it since I may want to grab some. SGG and HSVLY and ATI are also nice alternatives to TIE as well.
Now Im off to do some more studying! I will be back when I finish!

Stuck between a chair and a pile of Finals and Research Papers....

Hey folks,

As you may or may not know, Finals Season is among us (at least us collegiates anyhow). What that means is, for a 2week stretch, I'm going to be up to my neck in HW, exam studying and doing research for Final papers. The very idea of this makes me cringe, but oh well...its got to happen! To make matters worse, I haven't done any X-mas shopping! Let the fun begin!