CNIT

CNIT

China Information Technology Inc.

On March 27th, 2015 it was announced around 6:00 am, that CNIT has won the Sole Naming Right of 2015 annual Luoyang Peony Festival, where they also provided cloud-based solutions. The company grew 22.06% on Friday, during the festival CNIT will deploy large-scale, cloud-based digital display terminals throughout Luoyang to broadcast festival highlights, various programs on city sightseeing, sports contests, exhibitions and tradeshows, as well as advertisements. This is a huge deal for a small technology company on the uprise. I am currently still invested in the company with 11,807 shares bought at $4.49 and is sitting currently at $4.62.

GBSN

Great Basin Scientific Inc. 

As previously stated in another blog, sometimes just looking through FINVIZ is not always a great option. Here is an example of that, GBSN was the top gainer of the day. I believed that it would go down looking at the previously weekly chart but not doing any further research I decided to short sell. I sold the company at $2.90, I bought 30000 shares, it rose $0.20 to $3.10 and I bought to cover. I learnt that you must do research before investing in anything the chart can show you some data but news gives you a better understanding and ability to predict future amounts.

AMC Network Inc.

AMCX

On February 27th, I decided to invest in a larger company and entertainment company AMC. AMC is the station where, Breaking Bad, The Walking Dead and Mad Men first aired. I bought the stock at $71.86 and it quickly roe to $73.64, late on February 26th, AMCX announced its earning results, they reports $1.15 earnings per share. The chart shows a huge jump between the March 25-26-27 and then steady growth up until the 3rd.

Top Gainers/Top Losers

Top Gainers/Top Losers of the Day

There are multiple websites to give you a list of the top stock, including top gainers, top losers, most volatile, unusual volume etc. I used finviz.com, this can be used as a great tool if used properly. I realized that even when the top gainers may appear to continue to go up it may be the smaller gainers that go up more significantly later on in the day. This is the same concept applied when doing the other side. 

Apple Crash

March 28th, 2015

Apple Losses 

On March 9th, the keynote for Apple's new hardware, the iWatch, was announced. With many people spectacle about the watch, the stock plummeted. Whoever decided to short sell it a few days prior, made some huge money seeing a drop from around $127.50-$128 down to $120-$121. When then saw the stock market play out and Apple (AAPL) rose back up to the price we are used to seeing it around. I bought the stock on the uprise (or what I thought to be uprise at $127.07 but it soon dropped a few days later. Apple is usually a reliable stock that makes you a little bit of money. However on March 27th, Tim Cook announced he would donate millions to charity. This saw the stock drop again, and I was able to sell at $123.89 counting losses of $636.

The McClatchy Company

March 6th, 2015

MNI Short Sell

MNI

Yesterday, I was trying to figure out what companies to invest in or short sell. At exactly 11:23 am, a company by the name of The McClatchy Company hit yearly low of $2.00. I decided to short sell assuming it would continues to drop a couple cents. I sold 35000 shares at $2.00. The company began to fluctuate between $1.91 and $1.94 and it even hit $1.89. Today the company was at price of $1.93 and had a trend of going up. So I decided to buy to cover. I bought these 35000 shares at $1.94. I learnt that taking risks, sometimes can make you some money. 

DRAM Short Selling

March 5th, 2015

Short Selling DRAM

DRAM

Dataram Corporation, (DRAM), was one of the biggest gainers, over the weekend (after hours) and early in the morning on March 2nd. I remembered what Whalen always said, he said do the opposite of what other people would do. Most people seeing this company on the rise would try to buy and then cash out a little later on in the day seeing a quick profit, but I thought long term. I decided to short sell, I sold it at $3.17 and sold 17000 shares. I checked again a little bit later, and I noticed the stock begin to rise in price. I decided to stay in, and then around 2, I checked again and I was in the green, making money, but the stock price was slowly rising again so I bought to cover at $3.07. This trade made me $1,700. That night I was watching the DRAM stock during after hour activity and noticed that the stock price had jumped back up to $3.20. A minute after market open the next day, I decided to sell 17465 shares of that company. Today I checked that stock again and noticed it dropped to $3.00. I bought to cover and made around $3,500. I made over $5,000 by simply thinking the opposite of what others would. 

Biocept Inc. Gains

March 4th, 2015

Bioc Gains - Friday February 27th

BIOC

On Friday February 27th, I was trying to figure out what stock to invest in. I noticed the stock BIOC was at a low price (yes the stock I lost all my money in). However, I learnt something from that stock, I noticed that the graph indicated it was a low price and would go up that day. I had a feeling that it would continue to go up. I bought it at $2.92 per share, I put all my money into the company giving me 38498 shares. I had put a stop oder on the company at $2.95 once it surpassed $3.00. I ended up selling for $2.95. At that point I thought it was going to go up again and knowing the stock was a fluctuating one that changed every second I knew I could make some money. Once again I put all my money in at $2.95 giving me 38837 shares. I watched my money grow to $3.57 later on in the day and decided to cash out. With these two trades I made, just over $25, 000 at the end of the day I was up around 26%. 

Biocept Inc.

Friday February 27th, 2015

BIOC

BIOC

On February 23rd, 2015 I noticed that a company called Biocept Inc. had broken it's yearly high. Without doing any research on the company, I decided to short sell the company. I short sold the company at $2.26 and then later on in the day, I noticed that the company was continue to go up, once this hit I decided to buy to cover at $2.90. I had 10,000 shares of that company. This was one of my big looses. Earlier in that day I also lost money in BIOC, because I bought it high and lost some money. So using this as long at it surpassing its 52 week high, I assumed it would continue to go down and I was hoping I could make some money. I quickly realized that it would be a good idea to look into companies before investing in it. Later on that day, I decided to look into the company I found that "Biocept Inc. (NASDAQ: BIOC) announced that its blood-based diagnostic, was used to determine hormonal status of metastatic breast cancer patients in a prospective study at Columbia University in New York." After seeing this, I immediately understood why it went through the roof. 

GASL (Natureal Gas Related Bull 3x Shares)

Thursday February 26th, 2015

GASL

GASL - Feb 18, 2015- Feb 23, 2015

On February 20th, in Finance class during 3rd period I asked Mr. Whalen for a hot stock tip. I wanted to know a way to make some quick money. He told me invest in a company called GASL. We both went into the company along with a few other students. I bought the company at $4.41. I didn't check the stock over lunch or during 4A. In ILIP (4B) I decided to check the stocks, I saw that I was loosing a little bit of money. I decided to keep it over the weekend. On Monday morning, I noticed that I was still loosing money in the company. I spoke to Whalen during class and he told he sold it during 4A and made some money. I checked again and immediately realized it was going to continuously go up. After that I immediately sold the company. I sold the company at $4.16 per share. I was invested into 9195 shares. I lost around $2,500.