Position Update - Decent Entry, Pathetic Exit!

What a disappointing exit for me in regards to closing my position of DIN. I was able to close my short position of DIN at $17.02 during the last ten minutes of the trading session for a gain of $306 after commissions. This may sound solid, but in the whole scheme of things, my exit was pathetic. Absolutely pathetic. There was a point in the day where I was up more than double his amount, but I didn't just simply close out this position and just move on; I was up over $800 at once time today. I noticed that the intraday chart was starting to look ugly and unpredictable, especially around lunchtime Market time. I didn't like that the stock started to battle back and linger around yesterday's closing price and I ignored that sign. Greed right there. Luckily, I got out before this stock headed back into green territory where it finished up about 7% on the day. Pathetic exit, lucky trade considering I had to risk big for a relatively small gain. Decent entry, pathetic exit.

Position Update

DIN - Still holding short 500 shares and so far, so good. Intraday - this stock is volatile and the bid/ask spread can test your stomach. Multiday - if this stocks continues its slow but steady downtrend into the last hour, it should make for a nice hold until it finally turns green for the day. To be continued...

10.31 Watchlist

DIN - Closed red at -1.86% today. The wide bid/ask spread required a strong stomach during Thursday's trading session. I'm holding 500 shares short at $17.66 and now that the price is finally below $17, I'm much more comfortable. Most of my focus will be on DIN and if this closes red again at Friday's close, I'll be brave enough to hold on tight to my shares until I see green.
SPAR - Had it's first down day today closing red at -1.53%.
LNG - Popped big today, closing green at 34.67%. Since last Friday, this stock has had a mean green streak of over 143%! I'm still waiting for this one to start giving back some of its gains on any signs of red action.
LAD - Big dump early in the trading day only to recover and finish barely green at 1.12%. Other than Wednesday's huge gain, the stock has not done much.

Position Update - Gut Check Folks!

I'm still holding short 500 shares of DIN at $17.66 from Wednesday's close, with an unrealized gain of about $400. I was almost shook out early in the trading day, especially when the stock touched $18. The spread was nauseating at times, but I kept a close watch because I felt that the reward versus the risk was worth hanging on to my position. I've looked at the big picture, specifically the 20 day chart on TOS, and there appears to be plenty of downside to this one. This stock hasn't been around these levels in a while, so I'm thinking that this would be a great chance for longtime shareholders to finally get out and take their profit. The ask/bid spread was pretty risky for me, but I liked that the volume today was lower than the daily average. I knew going into this short position that the risky spread would test my stomach at times. I watched DIN very close, especially during the first hour of trading and once it settle near the $17 mark, my mind was more at ease and my confidence in my short position increased. I find that the first hour of trading is critical in that it can give me a clue as to where the stock is heading.

10.30 Watchlist

DIN - After a rocket-like green streak since last Friday's opening of 152%, this stock finished the day red at -6.12%. Looking at the 20 day chart, we're at atmospheric levels in which this stock hasn't been at in a long while. Its chart looks like artwork to me. The volume is much lower than it was yesterday and the stock ended the day with a nice steady decline. The spread could have been better though. I'm holding 500 DIN short.
EVC - Closed red at -27.44% today. I was tempted to take a short position into the close of today's trading session, but I didn't like how this stock finished the last hour fighting back. I had that feeling that if I shorted into the close, I would be chasing a stock.
LAD - Finished green at 122.50%, but on earnings related news. A risky earnings play, so keep a close eye on this one if you take a position.
NURO - Closed green at 15.22% today. This stock has a winning streak, being up green at 100% since Monday. Any sign of red will make this 15M company a great short.
LNG - Four green days in a row and up today 17.75%. I'm still watching if this one runs out of momentum, especially after four green days.

TTGT - This closed the day red at -26.98%. Congrats to those who banked on this very predictable call! This call was similar to EVC.

Position Update

Borrowed and sold 500 DIN at $17.66 with forty minutes left in today's trading day. I was a little hesitant because of the crazy spread the stock exhibited today, but I went on GOTS and with a simple "yes" from Muddy, I went for it. The dizzying spread on DIN makes this perhaps my riskiest play. I see plenty of downside with DIN and I'm hoping volume dies down much more.

10.29 Watchlist - Holy Crap There are Tons of Possible Plays Out There!

Holy crap, after a couple of hours of scanning stock, I found that there are tons of potential short plays out there! On a good night, I'll spend a few hours at my computer and I'll scan a few dozen stocks looking for patterns that look like good reward, low risk plays. However, most of the short plays out there are a little too risky for my small account! I've learned to play small ball now and keep my focus narrow. It sucks being prisoner to that PDT rule. These are a few stocks that I'm favoring, although there are tons of plays out there!

NURO - Closed red at -4.18% today. I had the honor of Muddy visiting my blog today! From the Master himself, Muddy: "NURO looks like it's outta steam ...only 119k shares traded today, buh bye."
DIN - Had a monstrous green day, closing very very green at 101.99% I'm going to keep a close eye on this one because it's been up 152.41% since Friday's opening. Muddy, thanks again for your wise words: DIN pancake news bigger than you think, hahaha...stick a fork in them on RED! Muddy's THE man.
LNG - Had its first red day today, closing at -0.59%. This looks like its running out of gas.
EVC - A stock that has done absolutely nothing except today, when it closed very very green at 161.98%...on no news!!! I like this one. Enough said.
TTGT - Closed green at 45.50% today.