Mike's Place

XOMA – Massive short squeeze on a shady biotech on the last day of trading before Christmas. Lots of people got smoked. The best patterns are when early shorts get squeezed like this. Definite potential short.

RPC – This has been, and still is a biomedreports pick. It is usually good to bet against biomedreports and garza . Potential short.

OMEX – Interesting story, chart spiked and is basing near it’s highs. Potential buy on the breakout with volume. Even a pullback to the 2.50 level could be a low risk day trade buy. This has filled a gap on the 2 year chart, but I think people might still buy it above 2.50 for another re-test of 3.00

FLWS – Spiked up a bit on fluff news. Big time resistance at 2.75, and 3.00. Potential short.

RDNT – Big time resistance at 3.00 potential short if it can stay below it.

ZLC – Nice fading price action. Potential short if it can take out support.

MWA – Big time resistance at 4.50 Potential short if it can stay below it.

FFHL – Potential short. Needs to take out 4.00 first though.

CPOW – Early in the promotion. Look for shares every day. This will be a good short eventually.

Read my disclaimer, no positions in any of the stocks mentioned.

I am getting smoked this month, but it’s partially due to me doubling my trading size. I am really uncomfortable with the $$ amounts that can come and go with just a little movement in stock price. It has made me panic a couple of times when I was right about a stock, but got nervous and took a loss. Looking back I should have doubled up each time, and would have been fine. They weren’t great trades, but I would have gotten out with a small profit instead of 100.00+ losses. I gotta make this transition though if I ever intend on actually making real money doing this. So holding my nose, and not expecting too much this month

PTX – Jim Van Meerten is long this stock, and wrote a seeking alfa article about it. My guess is the top is near. Potential short. The article is here: http://seekingalpha.com/article/242030-pernix-therapeutics-an-undiscovered-pharmaceutical-gem?source=yahoo I love how S.A. is used this time of year to pump stocks. This is a cautious potential short though, since I hate shorting biotechs.

BASI – Pre-earnings runup. Potential long if the earnings are good.

FLOW Potential long if it can hold 4.00

HT – Breaking out. Well defined stop area. Would watch for a re-test of the 6.60 level to get in.

WLOC and COUGF – Pumps. They will die eventually. Good luck finding shares though. They are pretty much locked down at my brokers.

Read my disclaimer. Currently long LCI, ANX, ALXA, and GNVC.

THC – Broke out on positive (ish) news of them rejecting a takeover. Could keep going a little, but this is a real company, and very liquid. So it will probably be all over the place.

ZIXI – Nice little breakout here too. I took this trade not because I like the story or anything, but the risk is extremely limited. You could lose on this 100 times, and win on it once and make money.

INHX – 3.00 is the key here. Potential long if it can hold.

JTX – Lionmaster involved in this one, Lots of resistance at 1.50. Be careful though, he can manipulate this higher through his followers. This one also likes to spike up at tax season, so I am thinking he is using that as a catalyst as well to influence the dumb money. Potential short.

COUGF – Nice breakout back at 2.50, but this is a pump. Potential short now.

CAPS – Seeking alfa article spiked this one (surprisingly the author of the piece is long the stock. (and yes I am being sarcastic)) Potential short. Here is the article. http://seekingalpha.com/article/241102-capstone-therapeutics-looking-to-capitalize-on-the-growing-dermal-market?source=yahoo Seeking average is an awesome stock promoter lately, even though they don’t get paid. Gotta love it.

ACPW Spiking up again, but I don’t trust it. Waiting for it to act right so I can short it.

NENE – The old OCTL. Potential short eventually, no shares that I can find though. So it probably won’t matter.

CWST – Over extended. Potential short.

HHWW – Big old pump. Potential short if you can find shares.

Read my disclaimer. Currently Long THC and ZIXI.