7 replies to this topic

[Cirrus]

I've been playing this one today. I expect it to close near its high and run a few days. It's earnings are already out and weren't great but the thing went up. It's got a 12 million share float with 8 million shares short.

The shorts are in big trouble as there will not be another possible bad news catalyst to cover for at least 3 more months. I watch parts of his show occasionally and he highlighted DSL. I was skeptical but checked it out for myself and decided to play. If you're a day or swing trader it may be worth checking out.


http://stockcharts.c...60928&r=453.png

Edited by Cirrus, 19 April 2007 - 12:27 PM.

[hiker]

he made a good argument for DSL last night. Here is the closing basis update of some of his picks that I have followed/traded for a while -

SRCL, BNS and JSDA have been some of the most persistent trenders over time

http://forums.techni...post?id=1840498

Edited by hiker, 19 April 2007 - 12:33 PM.

[Cirrus]

Agree hiker...sometimes his picks work, sometimes they don't. I've seen these situations get out of control for the shorts. I remember some spectacular runs in RMBS and a few others. I think it's a no brainer BECAUSE the earnings are already out--what's the risk for longs to flush the shorts?....NONE.

[hiker]

fyi, Cirrus -

Guy Adami on Fast Money has been correct about this one for many weeks now

weekly

Edited by hiker, 19 April 2007 - 12:50 PM.

[Cirrus]

The irony of it all is that I was short this one for a brief period of time a couple months ago.

[hiker]

fyi, I have been trading this one since you brought it to our attn -

weekly (the 5-day sma has held since the end of March)

Edited by hiker, 19 April 2007 - 01:35 PM.

[hiker]

Tim,

do you know anything about this pink sheet stock?

http://biz.yahoo.com...417/117499.html

this site advertises at TT and has been on this name since March 30 or earlier -

http://stocktiger.com/

Edited by hiker, 19 April 2007 - 02:02 PM.

[Cirrus]

Nope....there's something going on there, though. Pink sheet issues scare me unless I'm very familiar with what's going on with the company.

fyi, I have been trading this one since you brought it to our attn -

weekly (the 5-day sma has held since the end of March)

I'm still long....check out GPOR which I like even better LT. GPOR is a great way to get really nice exposure to the oil sands for free. It's cheap without the oil sands. I'm long GPOR, too, and added a little today.