I’m very happy with my week. I have been trading a whole hell of a lot better in March after my lousy run in February. I crushed VPCO several times this week on day trades and swing trades. I also nailed FDML and SUNE. I screwed up a little on CIE because I’m traveling and I wasn’t very patient since I was headed out for the day so I sold my position as it hit my stop loss and was done for the week after a $10 loss. Turns out it ran right after I sold to $3.60 before coming down a little at the end of the day. Sooo many things in play right now which is beautiful because I felt like February was so slow and I was going cray! Here’s a recap from my watch list for Friday and stay tuned for my video lesson tomorrow. Should be a good one!!

 

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CIE – Got into this late today just before power hour at $3.20. I took out a small position of 200 shares with the hope of this getting back close to $4 by tomorrow or Monday. Ideally, I’d like to see this gap up above $3.30 and see it run in the morning. There is some resistance at $3.60ish so If it can breakout past that level, I think we see $4 pretty easily tomorrow or Monday. This is a swing so as long as it holds above $3.15 tomorrow, I’ll hold through the weekend. I almost wish I wasn’t in Aspen otherwise I would’ve nailed this and been perfect for the week but hey, I’m not complaining. After failing to spike in the morning, this dipped just under $3.15 and I had set a stop loss because I was ready to head out on to the mountain. At lunch I saw this touched $3.60 and I was a little pissed that I missed out on $100 but I’m happy that I was on the right page. I’ll show you guys in my video lesson tomorrow why I bought this.

 

UPL – Big winner today as this is up from $0.25 just a few days ago and now we’re at $1.30. This may be done here and if it can’t breakout above $1.50, so see if there are shares to short at that level. I used up my day trades so I will be watching this closely however I probably wont take any position tomorrow. Ideally I’d like this to spike even more tomorrow setting up for a decent short on Monday. This would have been a beautiful short Friday morning as it tried to touch $1.50 in PM and dropped nearly $0.50 out of the gate. It actually bounced quite nicely (almost 30%), which would have set up another nice little short into the close. I still think this will be well under $1 on Monday. Hopefully there will be shares to short with Etrade.

 

RJET – This is bound to go down as the company filed for bankruptcy. With the big spike today, tomorrow should make for a good short opportunity if you can find shares to short. Again, no play for me as I used up all my day trades for the week however there could be some good downside if it spikes some more. This was beautiful on Friday and there were actually a few places to make money if you have the day trades and patience. Right out of the gate this dropped roughly $0.40 before rebounding and coming back to $1.70. That would have been the best place to short it and hold it for the day. The best place for a day trade was later in the afternoon when it was hovering around $1.60. Once it cracked, it was a free fall to almost $1.20. I would like some more spiking before shorting this again, but there is still plenty of downside here so be patient.

 

 

 

 

 

Here’s a few stocks that I’m always watching do to their volatility and ability to spike huge given the right catalyst or PR. Sometime they spike when they start to get near their long term support levels also without any catalyst.

 

VLTC, LIVE, AVXL, HMY, NXTD, TGD, UNIS, GSS, ELMD

 

If you would like to know why these are on my watch list you can either ask, or go back into my watch lists from earlier in the year explaining in detail what I’m looking at and why.