Today

Ok I have a DRYS short @118.11 with a break even stop.
CBAK looks extremely bearish.

That's it for me today. Have to leave.

Good Luck.

VMW

No shares available to sell short, again another lost opportunity.

Today

Not expecting too much from this market over the next week. Also watch for selling off any moves to the upside. Sure there will be pockets of strength but most players may just try to protect gains.

Mostly daytrading for me.


Holding CRDC, and will unless it starts to fall apart.

Holding CBAK, I'll unload it under 8.00 if it starts selling off.

Holding NTAP, giving this one some room too run.

CRDC

http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5473017&Type=HTML


The VP of Cardica made a substantial purchase of stock yesterday.

Selloff

Let things shake out before making risky decisions, let's determine if this is a falling knife or a reasonable pullback.

I removed my stop in CBAK, I'll just trade around it.
Caught some DRYS on the short side @121.15 but just like yesterday covered way before the huge potential gains arrived.
Still have an order for more CRDC.

CRDC

Very low volume, could go either way , I'm holding tight with another small entry order in the 12.70 level.

CHINA

Out @ 8.84

This morning

CHINA is gapping up, Hold.

CBAK, entered pre-market @8.87, also have a secondary entry @ 8.70

MOmentum

Momentum is what's working.
The indexes may be down today but there was plenty of strength.

Set your stops.

Stopped out of RADS, OIH.
2 Daytrades in DRYS on the short side.
1 small purchase of CRDC 2/3 sized position for current conditions.

Review

Took DRYS short @121.13 but covered way too soon.
CRDC added a small bit more @13.15, and will add more in the 12.75 level.
Broke even on the second half of my RADS shares.
Took a small hit in the OIH, it went straight up too my stop before pulling back.

ROTFLMAO

ROTFLMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1 This strength is something to behold!

unbelievable

Stopped out of RADS, and OIH.

Recap

Had another entry in CRDC @ 13.02 that never got filled today.
Got short the OIH @191.61, if it doesn't go in my direction I won't hesitate to cover.

The strong stocks are staying strong and the rest are just trading around.
My long term account was strong today, the short term didn't do much.

CRDC

started a small position in CRDC again.

DRYS

my online broker is telling me that there are no shares available to sell short.

so far

Stopped out of BLL -2 cents
Stopped out of GTI -6 cents
Took a late exit on FLS -43 cents.






DRYS still FLYING

Today

BLL, just pennies from being stopped out, it started to recover.
RADS, still holding
GTI, still holding
CHINA, still holding
CRDC, sold at the close 14.31, will look for new entry
FLS, still holding


GD made a nice move as did NILE and DRYS.

BLL

One problem with small positions even though you might get near a price target it becomes hard to sell because of the small gain. I'm about to be stopped out here.

OIH

Oil services looks to have a few dollars of downside in front of it, Stop would be at the 190.00 level. I'm still watching it no position yet.

FLS

Picked up some Flowserve, I'm not real comfortable with this one though. Enter at your own risk.