How could you not dig this? I’m blown away…
Movies Watched -- 3 Women (1977)
124 minute running time which means 30 minutes too long, but this was just terrible and would be at any length. Was Robert Altman a druggie? This seems like drug-addled nonsense. How on earth did 20th Century Fox approve the budget for this? Who was in charge back then? Geez. Shelley Duvall with her weird googly eyes and crooked teeth. Sissy Spacek is cute but plays a nut. The whole story is just dumb and bizarre. Who could watch and enjoy this crap? I have John Farr to blame for this awful recommendation, “one of Altman's finest films of the 1970s.” If that’s true, I’d hate to see his less fine ones!
Give me a slug of that, huh?
Stock du Jour -- PRTG
There were no minimum 70% gappers today … PRTG came closest with a 57% gap. I paid 25 cents!! per share to borrow this ($3,198 upfront) and then it went up 95% from the open taking out all the fixed 20% 30% 40% 50% 60% 70% 80% 90% stops (100% stops safe), as well as the pre-market high of $7.71 … so it was another gapper that lost money into the close, and oh yeah, the $3,200 paid upfront for a borrow. See why so many genius day traders disappear?
I Finally Cancelled Netflix
Netflix cost $25 a month (after tax) and I never watched it and my wife never watched it and even my kids never watched it, so I decided to cancel it. My buddy Dave recommended Ripley in a last ditch effort to get me to stay, but I hated the artificial digitized quality of it (I guess it’s a Showtime show, but still, it had that weird NFLX post-production look) and that sealed the deal for me. We’ll see if anyone misses it.
Had to click that last page many times before it finally went through, so it was more like cancel your membership in ten clicks.
Stock du Jour -- STAF
144% opening gap… Opening Print Boyz play … short the open ($2.93) blind. After 10:30 AM, put protective stop above whichever is higher: pre-market high of day ($3.75) or pre-10:30AM high of day ($4.64). Cover end of day, this time for a scratch. Try again tomorrow. Oh the borrow was 10 cents a share which meant $3,700 out of pocket upfront. If you were wondering why the Uxinator didn’t mention it.
That’s Where I Went Wrong
The great song by Susan Jacks and the Poppy Family:
Stock du Jour -- REVB
REVB a 100%+ gapper so all the OPB boyz on it … the rigger knows that everyone and his grandma slammed in short at the open so they ramp price up 65% clearing out all the 20% 30% 40% 50% 60% fixed stop guys, then drop it right back down. I exited all of my short at EOD for a tiny gain and then #whocouldanode: Revelation Biosciences Inc. Announces Exercise of Warrants for $3.8 Million in Gross Proceeds … I missed a huge win by not swinging it. Well done, riggers!
Stock du Jour -- INM
There were three gappers that qualified for Du Xiuxian’s 70% criteria this morning: INM, TGL, and TTNP. The story in INM was complicated though since one could have shorted the first ding below 35 cents and taken a max loss … if you employ a nonsensical 50 cent price floor on dings, then you were safe. There were dozens and dozens of other plays in PM (pre-market) and RTH (regular trading hours) in addition to the Opening Print Boyz plays, and they all dropped like rocks, so it was an easy day to make six figs. DPG.
Stock du Jour -- ALZN
This was a nanofloat (sub-million float) that dinged at $3 in the PM (pre-market). I was MOST fortunately on my morning meadow walk when this happened, otherwise who knows what would have happened. It went straight up opening at $7 and then more than doubled to $15.06.
Apparently the clearing brokers screwed this one up by making it ETB (easy to borrow) so everyone could short as much as he wanted at $3, then they figured out their mistake and when I got back I had to pay $1,147 (.099 a share) to borrow it, which I was damn grateful to do. But it still doubled on me, lol.
Had I shorted $3 in the PM I probably would have pulled my stop, added to the loser, and top ticked out exactly at $15 because that’s how all pro traders handle things in reality. Anyway CING went sideways all morning then dropped 60% into the close handing me and everyone else a SCRATCH (minus borrows). I’m sure there were people who lost everything in this 638% mover.
Study the table below the chart, it’s the most important thing to pay attention to.
Stock du Jour -- CING (again)
CING continued its run… 118% gap means Opening Print Boyz (and me) involved … closed up 69% from the opening which means I took a loss here… the high of day stop after 10:30AM would have saved me quite a bit of money, but I’m still not sure if lowering the stop to there would be a good idea in the long run. Will continue to track this anyway. Crummy end to the week, but we soldier on!