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Wranglers Trading Zone

Started by wrangler, May 23, 2006, 10:14:32 AM

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wrangler

Two pennys in my portfolio shows signs of going up
SWTS
PLRS
New Watchlist,,These stocks might be moving up
PBLS
ANET
GRUS
UPDA
ABTG
wrangler

wrangler

Penny stocks to watch
SLWF
BRHI
LDHI
NMXC
HYPF
wrangler

wrangler

DNDN : Found something very interesting in this stock since its fall from fame by the FDA. Half of its float is short
Any kind of good news could cause a major run in this stock again

Average Volume (3 month)3: 26,586,300
Average Volume (10 day)3: 11,295,800
Shares Outstanding: 83.51M
Float: 82.40M
% Held by Insiders4: 0.98%
% Held by Institutions4: 30.70%
Shares Short (as of 10-May-07)3: 41.66M
Short Ratio (as of 10-May-07)3: 1.4
Short % of Float (as of 10-May-07)3: 50.50%
Shares Short (prior month)3: 33.90M
wrangler

wrangler

After posting this about short ratio I'm puting limit order in 1000 shares @7.50. I'll be gone for most of the day will see if order got filled later I see this as an excellant range to buy this stock.

Quote from: wrangler on June 15, 2007, 06:12:21 AM
DNDN : Found something very interesting in this stock since its fall from fame by the FDA. Half of its float is short
Any kind of good news could cause a major run in this stock again

Average Volume (3 month)3: 26,586,300
Average Volume (10 day)3: 11,295,800
Shares Outstanding: 83.51M
Float: 82.40M
% Held by Insiders4: 0.98%
% Held by Institutions4: 30.70%
Shares Short (as of 10-May-07)3: 41.66M
Short Ratio (as of 10-May-07)3: 1.4
Short % of Float (as of 10-May-07)3: 50.50%
Shares Short (prior month)3: 33.90M

wrangler

bmarc4211

What are your thoughts on CSUH?  The gap closed, it kept falling, and then rebounded nicely.  Lots of buying going into the closed. 

wrangler

Quote from: bmarc4211 on June 16, 2007, 12:04:41 AM
What are your thoughts on CSUH?  The gap closed, it kept falling, and then rebounded nicely.  Lots of buying going into the closed. 

Hi bmarc4211
I say it all depends on what type of trader you are. If you play long this stock will pay big return for longs and for short term right now would be a good entry point. Friday it ended positive after the three day sell off of profit takers,,me for one.
As you can tell Friday trading fell half way between long term support and resistance. If Mondays trading starts above 1.25 and can continue staying above and going higher after one hour of trading I think the new support is being confirmed and would buy ,,but if it should go up and begin to drop back down within one hour then I would wait because M&Ms will play a stock that has had a big run like this to get as many buyers as they can within the first half hour of trading then take profits and cause ticker to drop and usually if this happens it will continue to fall for half of the day and go back up to form the new resistance.
Just my opinoin..Hope this makes sense to you...Simple as I can say is ,,If I was trying to decide to buy this stock Monday I would watch opening price If it opens above 1.25 and continues for one hour I would buy but if it opens below 1.25 or begins to drop back down within one hour I would wait to buy at the low for the day or wait to see if it can close at end of day above 1.25.

Whatever you decide to do I hope you the best of luck.
And remember,,A trade doesn't become a losing trade till it is sold at a loss.
Patience is sometimes the biggest winner is trading..Noboby has ever gotten rich overnight..And use mental stops with your trades because M&Ms can see stop losses and will drive down prices to take out stop losses and when they have taken them out the price jumps back up.
wrangler

wrangler

 re-entered CSUH @1.26
Goodluck trading

Quote from: wrangler on June 11, 2007, 09:44:56 AM
Just sold CSUH @1.47 for 50% gain in one week ::) ::) ::)
Reason for sell is gap that formed at start of trading day and will wait for gap to close and re-enter. Hope I didn't sell to early
Goodluck trading to all
wrangler

wrangler

Short play is about to kick in when it drops below 70.00 and stays for the close of the day

Quote from: wrangler on May 24, 2007, 05:43:49 AM
AMZN : Keep your eye on AMZN,  potential short.


wrangler

bmarc4211

Thank you for the analysis.  Your prediction was very accurate and very helpful.  Will you continue to hold if it is set to close below 1.25?   
Did you purchase DNDN and what are your thoughts on todays action? 
Thank you again.

wrangler

Hi bmarc4211
I'll post my trading plan for CSUH later tonight. I don't have a position in DNDN. I just wated to post the Short ratio interest in it. With a short ratio interest of over 50% of the float ,,it wouldn't take much of a good PR on it and it would begin to fly again. A good stock to watch for another pop.

Quote from: bmarc4211 on June 18, 2007, 01:26:14 PM
Thank you for the analysis.  Your prediction was very accurate and very helpful.  Will you continue to hold if it is set to close below 1.25?   
Did you purchase DNDN and what are your thoughts on todays action? 
Thank you again.
wrangler

wrangler

Posting my trading plan for CSUH that I re-entered to day for the second time.
I like using 21DMA for buy and sell signals. Right now the 21 DMA is 1.04 for CSUH and buy price today was 1.26
My first position on this if you research my thread was buy price of .90 and sold @1.46 for a gain of about 50%.

Now my plan is to hold current position to see if can hold above 21DMA till next pop can begin. If it doesn't hold and I sell when it hits 21DMA . I'll still protect around 30% of my profits from first trade.

As always This plan is subject to change at any time it all depends on how the trading day goes along with how much volume is being traded.

Goodluck trading to all
wrangler

wrangler

Two penny stock I have in my penny portfolio has had some good PR released on them this morning. Might be some good play in the works. I feel these are two stocks that will deliver great returns.

SWTS : to get the real content of this PR you should read the full report.

Sweet Success Sites Recent Research Indicating That One Out of Three American Newborn Children Born Since 2000 Will Become Diabetic
PrimeNewswire (Tue 8:30am) 

PLRS: Also read full report to get whole message of PR

Pluristem Life Systems Hires American Capital Ventures to Provide Investor Relations Services
Business Wire (Tue 8:01am) 
wrangler

wrangler

Sold @1.35


Quote from: wrangler on June 18, 2007, 09:21:23 PM
Posting my trading plan for CSUH that I re-entered to day for the second time.
I like using 21DMA for buy and sell signals. Right now the 21 DMA is 1.04 for CSUH and buy price today was 1.26
My first position on this if you research my thread was buy price of .90 and sold @1.46 for a gain of about 50%.

Now my plan is to hold current position to see if can hold above 21DMA till next pop can begin. If it doesn't hold and I sell when it hits 21DMA . I'll still protect around 30% of my profits from first trade.

As always This plan is subject to change at any time it all depends on how the trading day goes along with how much volume is being traded.

Goodluck trading to all

wrangler

wrangler

#193
DORB : one of my penny stocks in my penny portfolio is trying to break thru resistance of .33. Yesterday if hit .33 but came back down ,,today it's holding steady @.33. Hope this is a sign of a breakout about to happen.
I have two positions in this stock one was @.26 and other was .27
wrangler

wrangler

#194
AMZN : took short position today,,Sold short @70.52 when it hit 21DMA


Quote from: wrangler on June 18, 2007, 01:22:53 PM
Short play is about to kick in when it drops below 70.00 and stays for the close of the day

Quote from: wrangler on May 24, 2007, 05:43:49 AM
AMZN : Keep your eye on AMZN,  potential short.


wrangler