The Daily Vento goes global

This list is only the most recent 500 visitors. I do have a few people in India and Australia that are return visitors. And it crosses the entire political spectrum from Halliburton to NPR in Washington D.C. to someone at Apple Computer! They must have visited by mistake. Hey can I get the new laptop when it comes out?

I do wish I would get more hits from Iceland. Aren't you guys able to trade up there in Reykjavík? 

** UPDATE

Oops. I guess not.

Watches Monday Oct. 13

ZYXI YRCW UCBH NCT PNX ARQL ICO OWW MKTX

Some really nice plays came out of the manic market on Friday.

Although ZYXI somehow manages to finish with small gains lately, it is seriously testing $4. YRCW I will take my revenge on Monday when it cracks for the second time. NCT and PNX both went up $2 in the last hour of trading. Needless to say I don't think they will hold. 

Be prepared for opening sell offs followed by bounce rebounds. Some of the patterns are mutating in these markets but the basic strategy of shorting these run ups remains solid.

**UPDATED 

more added

Are the days of relaxed shorts over?

Probably not. But just because some of these stocks are pigs doesn't mean they can't gyrate unexpectedly. Here's ISSC from my watchlist:

Even my 5 minute rule didn't help today, because shorting off the spike just lead to more spikes. I covered for a loss even though perhaps I should have held, I don't believe in risking even more loss when a stock looks like it is going green on the day.

Also YRCW:

I loved the huge red to green action in the morning and if I were in the chat I would have mentioned it. I got a great entry off the spike and was all set for a great short. However what was supposed to be a relaxed short turned into a scramble to cover just to break even at the end of the day.  I made a good entry but got caught in the unexpected end of day rally. My goodness.

Nice plays on RDN and LCC long. I've been expecting an airline rebound after they've been so beaten down and they didn't disappoint. Watch LCC UAUA AMR for long rallies again on Monday.

Watches Fri Oct. 10

MGI ISSC GFI LBAS 

First two are Muddy watches

GFI another precious metal stock (anyone remember SIL?) bought into on the hype of the devalued dollar

LBAS crazy manip chart earlier in the year, looks ready to drop again

**UPDATE

nice picks, if only johnnyvento listened to johnnyvento more often (to be fair, I couldn't get MGI shares and the YRCW play looked too good to pass up... and it was a good play... I just held too long)

Watches Wed Oct. 8

UAUA AMR LCC AAI XJT

A different approach tomorrow. Airlines are a good proxy for banks in terms of investors losing faith in a downturning economy. I still haven't found an indicator to give me a way to link a stock to a particular index. I really believe this would be an extremely useful indicator for many stocks especially airlines, oil, and banks. I need more time or more access to smart computer programmers to figure it out. Anyway, these stocks tend to move together and with the overall market so if tomorrow is bloody and I don't see any other compelling shorting opportunities then I may jump into some of these. Remember to leave some capital for plays like DNDN, AGIX, GGC, and whatever else comes up off the hod list. See you tomorrow! (Hopefully).

I want to mention XJT specifically, it is already cracking, the reverse stock split is not holding. I always regretted not shorting XJT down from over $1, now I have my chance. As of tomorrow consider me a long term holder of XJT short, the same way Muddy is holding SIL.

Off day

I couldn't trade today, what I mean is I was too tired/sick to really concentrate on it so I passed. I rarely miss trading days in fact the last day I outright took off was July 28, I remember because I missed the epic KEM short (looking at the chart it seems to have big red candles after huge gap ups, I keep missing them because most are low volume). Anyway I suppose getting up at 4am to prepare for trading and then working until 7pm is starting to get to me, but I won't mention it anymore because you are not coming here to hear me complain. Without even reading the chat log I predicted that the room would be playing GGC and AGIX, I saw them move myself and should have jumped on them both but I just couldn't put the right concentration into it. And I couldn't get DNDN shares either (I'm sure they were all gone yesterday). This is what keeps me from trading full time, oh yeah and the fact that I'm not in the same universe as Muddy/13th ha.

Hope you all did well today.

Watches Monday Oct. 6

FEED COIN GBRC NXTM EPIC

Monday is a day I believe that will send already red stocks further into the red. Although run ups provide some of the best shorts, don't forget about the junkers that have already started to fall. Will post follow up.

GBRC nice bounce back up, sure to fall again, already red floater of sorts

still in NXTM but think it could have another big down day, maybe not too late to get in it

FEED and COIN are huge down, but still are good shorts on red in my opinion, don't forget these classic junkers even though they haven't run up lately

**UPDATE

got out of my FEED short with decent profit, but my trade was interrupted yet again by the trampling of the Sykes followers... I thought it was strange that it was running up, now I know it was at least partially artificially induced. The bounce off 5 was probably real, but after that, well, you can decide.

other stocks, i.e. COIN which was not a TIM alert, fell as expected. As did GBRC and EPIC.  Nice. Took NXTM at 4.20 for great 2 day gain.