Threshold pharmaceuticals has certainly tested the threshold of my pain levels recently. :) However in the midst of losing money on this short today, I actually learned alot about shorting momentum stocks from my mistakes. So for all you daytraders out there, here is a tip for shorting intraday runners.  The number one rule about trading any stock is to wait and make sure you have a setup. Well the exact same principle applies when shorting momentum stocks, I just failed to do that today. Instead, I blindly went in $THLD and got my face ripped for 40 cents.  But, the important thing is that I learned from this mistake and am now [...]

at mardi gras …………….  this is lazy mans post     this list is hot one of the best ive had for a while.  hit up maribeth@bullson.ws or the bengalitiger@bullson.ws if you got any questions.  if you still cant figure it out that means you need to get in my chatroom as i teach all day to my guys!  have fun tomorrow.  lot of good setups abound.  @SzAMAN is in charge tomorrow…..u guys will do fine. big willy will most likey call the plays as th5ats just what she does.  have fun tomorrow!  its a bull market you will all [...]

Like a lot of people, I was shocked to find myself watching the Knicks and hornets play a regular season basketball game on a Friday night. Usually, I am at the movies watching the latest chick flick such as the vow. I mean seriously I haven’t even heard the Knicks mentioned since the Patrick Ewing era. Yet here i was glued to the tv to watch a 23 year old Chinese guy play a basketball game. Pretty rare huh? Same scenario a few months ago with Tim tebow. Every news channel and every gossip magazine all of a sudden had Tim Tebow’s face [...]

What makes a stock go BOOOOOOOOOOOOOOOOOOOOOOOOOOOM! vs just a pick that we trade.  Looking back there are definately some characteristics that are common and can be applied for when we have opportunities at that homerun trade. Price:  Not just todays price but the context of it compared with the previous days, weeks, months.   Often when looking at a stock coming out of range where you see a character change in the way price shows/action it can signal a trend change or a shift in expectations. If you can clear a key level of supply in a stock and it [...]

Evening folks. Well we got a market ripper today…after yesterdays weakness the bears needed to today to show some follow through today to get the ball rolling in their court.  Yesterday all you hear was the glee from people pretending they caught the top in AAPL and were short and that would coincide with a top in the market..well those people got their nuts ripped off, cooked, then fried by big willy’s (mb_willoughby) plantation owning cousins in the deep south.  Its very hard to fight a coordinated global pump and yet thats what people keep trying to do.  This only [...]

Market is still completely resilient with every dip getting bought.  It reminds me of the story of the little engine that could.. chugging along slowly but surely. Greece fears show up at some point everyday, but the little engine still somehow finds a way to creep back and chug back to highs. No real powerful market breakouts but still getting the job done.  Until the train runs out of steam, we keep doing what we have been doing so well past 2 months: daytrading, with a couple swings only on the most perfect setups. We added on two swingtrades in the boom room today, and I [...]

Evening folks. We had our first red day in quite some time. After a nice opening gap we had a gap reversal with follow through.  This market is in need of a pullback and we just might get it.  The trading was tricky today..I had some good entries on a lot of stocks and just could not get follow through on them.  End of the day I ended up in pretty much all cash. longerterm the technical picture is still intact but we do need to back and fill a bit.  We could be getting that in the next couple [...]

    sold out of a lot of stuff yesterday closing out $dang $mvis etc… dont have much except swings in cedc and renn.  Will Look to deploy a couple more swings if I see a pullback till then doing mostly daytrading.  Its always good to keep a couple swings though u can make good income of daytrading but hard to get rich without having a few boooomers in your portfolio each month.  Almost every month I always have 6-7 trades where i let that last 1/2 ride up for 20% plus gains.  Those tend to grow your port exponentially [...]

Evening folks! Nice day in the markets. We had another gapper in the morning with a nice early morning fade filling the gap then a reversal that took us right back to highs of the day and we even briefly broke them. Overall a solid day for the markets reversing the opening gap reversal and finding some good strenght.  The technical picture on the s&p hasnt changed we are under those may 2011 highs but over the key breakout level.  Any type of consolidation in this zone seems bullish to me. Another killer day in the chatroom we nailed this [...]

LCAV- former runner.. breaks 6.1 should pop hard VQ- break of 11.23 should pop this one..like the setup, nice tight coil ready for a pop   TSYS- 3 dollar break should set it off SPF- stock is flagging after big earnings run up.. love this setup RDN- stock is flagging, watch for a break of 2.8 to set it off MGIC- break of 7 should pop it KEYW-long flat base in this name.. starting to get some volume and a good look.. watching for the break of 8 CEDC- on watch for a break of 6 MPEL- breakout at 12.25 [...]