No trades again for me today. Sorry everyone but I’m just trying to be patient. I initially tried to get into FORD this morning and missed my entry price of 1.60 before it shot up to 1.85. I did also call the crash of ACI today saying I thought it was running out of juice and was ready to collapse. I’m still not fully comfortable shorting and I still haven’t received my DVD’s in the mail!! I think they forgot to ship it because when I emailed for a tracking number, they emailed me back right away with the number and it hasn’t even been shipped out but it’s being sent 2-day priority mail. I just want some more knowledge man! HURRY UP! I’m going to try and make a trade or two tomorrow but like I said, stay consistent and cautious. I’m in this for the long haul…not the right now. Here’s what I’ll be looking at tomorrow and thanks for reading!

 

https://twitter.com/MattyIce6627 #HammerTime

 

 

VVUS – Vivus closed nicely today on a .18/share uptrend in the final 2 hours of the day. I’m still going to wait to see if the Ichan deal gets accepted before jumping back in unless another catalyst comes out and we see some more volume. Billionaire plays do tend to spike for several days/weeks so keep watching this.

 

AXPW- This would’ve been a nice dip buy this morning if I wasn’t watching and trying to execute a trade in FORD. There looks to be some support at 1.68-1.70. I’m going to wait to see if this can gain some more volume and possibly break past 3.  

 

FORD – I called this perfectly in my watch list but I missed my entry price of 1.60 and eventually ended up spiking to 1.85. I didn’t want to chase it after the spike but it did hold its gains nicely into the close. Let’s see if this can possibly break through 2/share.

 

ACI – If I wasn’t such a pussy and scared to short still I would’ve made a nice gain today. I mentioned last night to watch for any excessive morning spikes and look to short after that. Well, that’s exactly what happened. I’m not upset because at the end of the day I’m still a student and still learning. This is all reassuring that all my hard work is starting to pay off and I’m really learning this strategy.

 

CAPN – I didn’t see any catalyst for this nice spiker today. It held it gains through close. There’s some support in the 2.80’s and resistance in the 3’s and 3.10’s. I’m going to watch this and see how it reacts on day 2 of this spike.

 

RGSE – Had it’s biggest volume day since it spiked from 1.10 to nearly 1.60. If we can see a nice technical breakout above that 1.60 resistance, I can see this running to the low to mid 2’s. Look for a catalyst or another day of increased volume. Nice uptrend over the last few days.

 

OMEX – This could break past a multi-month high if the volume increases on this low priced stock. No news on this so I won’t trade it unless it gets much more volume. If it breaks past the mid .45’s I can see it running to nearly .60/share. Again, I’m just watching waiting for a catalyst or some more volume.