When I first started trading about a year ago, I had the notion that one can only make money by trading the big name stocks such as AAPL, RIMM, MSFT, AXP, etc. I watched Jim Cramer, Fast Money, and my tv was constantly tuned into CNBC and I listed to every finance "experts" take on the next hottest stock. Over time, I learned that there's no way to predict how these stocks will move over a few days or weeks. I was thinking that if these so called finance "experts" were such "experts", why don't they just stay home and sit in front of their computer and just make themselves a bigger pile of cash than everyone else? I've learned that these "experts" cannot predict a stock any better than I can. At my day job at the hospital, I even like laughing at the financial planner that comes once a week to give people finance advice; I think he's starting to figure out that I'm laughing at him because I know that he knows little! I've become a better trader, have had less headaches, and have had more sleep ever since I turned most of my attention to small companies ala Timmay style and shorting the crap out of them.
CPWM - HOLY CRAP I hope someone shorted the crap out of this one! Up on no news yesterday and today red at 24.8%! Holy crap I love it.
CALC - a 20M "company?" Can they even be called a "company?" Beautiful spike up to $2.50 and then down she went.
TMA - I used the TOS Stockhacker to find this one and I found that it had ran 180% since Tuesday. A small mortgage company that's spiking up? I'm a big skeptic. And I also found that it was NOT on the SEC short ban list. Three and a half up days and it was bound to give back. Closed red at 14.51% today and I hope someone shorted the crap out of it.
ATML - closed red at 9.55%
CKSW - sort of illiquid, but it's been up around 20% since Tuesday. Hopefully it'll keep climbing so we can short this 72M "company" and make more than a just scalp.
EPIC - price surge on a buyout offer, otherwise no other big news other than the buyout offer. Closed red at 3.97% today.
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2 comments:
Hey there IL,
Like the blog, couldn't agree with you more about general market commentators. The ones who called of this happening are the ones no one listened to, to begin with. Take Frederic Mishkin for example. He left the FED to go back and teach at Columbia way back in March! Me personally, I've stopped trying to call the general market. My blog, www.nlakhani.blogspot.com, has many posts on my continuing surprise by the events that have unfolded this summer and fall, but as traders it is our job to react to the market. If there is one thing that is certain, it is that the volatility will be there, and this is what we want.
Good luck to you.
lakhanin
Lakhanin...thanks for stopping by and reading my blog! Thanks for your insight because I especially love reading what other traders have to say and learning from all of you guys out there!
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