DazeTrader's Trading Journal

My Trading and Investment Ideas, for entertainment purposes only. This is not investment advice.

Recent Updates

April 2014
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iTalk Inc. (TALK) pump is dead

annotated chart update. Support at $0.85 failed, downtrend is still intact.

 

 

 

ECAU - This pump is dead!

 

THE ECAU PUMP IS LONG DEAD. NO MORE ACTIVITY ON THIS NAME IN THE EMAILS, NEWSLETTERS, OR EVEN ON IHUB. IT'S DEAD.
I AM SHORT AS OF TODAY AT $0.50. I THINK THAT ONCE $0.50 PRICE LEVEL IS TAKEN OUT THIS STOCK WILL QUICKLY DECLINE TO ABOUT $0.40 IN THE SHORT TERM.

THE ECAU PUMP IS LONG DEAD. NO MORE ACTIVITY ON THIS NAME IN THE EMAILS, NEWSLETTERS, OR EVEN ON IHUB. IT'S DEAD.
I AM SHORT AS OF TODAY AT $0.50. I THINK THAT ONCE $0.50 PRICE LEVEL IS TAKEN OUT THIS STOCK WILL QUICKLY DECLINE TO ABOUT $0.40 IN THE SHORT TERM.

As you will see in the picture below, earlier consolidation on below avg volume lead to a >50% decline in price.

Do you see the pattern repeating here?

 

 

 

 

UNXL - More insider selling?

On Tuesday April 2, 2013 UNXL closed at $22.85 after a 2 day significant decline falling from highs of $33.24 only 2 days prior. After the market close of that Tuesday April 2, 2013 traders proceeded to bid the stock up 17% on no new news or material change. There is lots of speculation in this name though.

If you track with me to yesterdays trading session on UNXL we find that traders continued the bullish sentiment of the after hours session the day prior. The stock broke out to highs of $28.60 on 2 times more the average trading volume. After peaking at $28.60 the buying volume seemed to dry up and the stock sold down lightly to $25.60 and was quiet for the remainder of the mid-day and most of the afternoon. 

 

 

What really caught my attention, and a few others on the Yahoo Message Boards was the amount of call volume that traded yesterday in the April 2013 calls. The most significant volume compared to open interest being the $10 strike calls.

You will notice below there was 2,107 contracts traded against 499 Open Interest. I checked around and discovered that there was a 2,000 contract trade that crossed the PHO exchange at 16.90 when the bid/ask was 16.60 x 17.30. So this trade took place in the mid-point as opposed to directly on the bid or the ask. This doesn't give us much of a clue as to the sentiment of this trade. 

Here is a screenshot of the April option chains at the close of April-03-2013.

So I took screenshots of yesterdays option volume (as seen above) to compare it with the amount of open interest as of today April 04, 2013. What I found is that those 2,000 contracts which traded DID NOT increase today's open interest count. This means the trade was not a new opening position and now this leads me to believe that this trade was probably linked to stock, and the stock (200,000 shares) may have been disposed of yesterday in the open market. This might have been done by an insider of UNXL. So far I do not see any recent SEC 3/4 filings to disclaim this, but I will keep an eye on it over the next few days.

Here is a screenshot of the April option chain showing the most current OPEN INTEREST values before the open of April-04-2013.

 

 

CTLE - This pump n' dump is dying a slow death

 

 

ECAU - The pump is over