BEARISH ENGULFING or just BULL-SCHIT?

First of all - my humble apologies for not providing a timely update on BSML. When the volume is gone so am I. Nothing worse than being held hostage in a turd that trades by appointment. And besides, 20% or so isn't bad for a few days work (pleasure). However, my opinions of this company haven’t changed and recommend keeping it on your watch. Anyway, back to the subject on hand.

The Trend is your FRIEND?
As you can see my previous picks already covered and done with continue to go lower. Did I miss it? Yes and no. After a good dump it's always a good idea to wipe (ewwwwwwwwwwww). In other words, don't be greedy and take some profits. The remainder of your position is just gravy. If it goes against you some you can cover or just add to it and then ride it down peeling it off (covering some) as it continues its journey to the SEPTIC.

Who woulda thunk the 3rd week of April the very same week I started this blog would have spelled the peak of this "Bull Market"? Fact is the whole market's been getting hammered since then but nobody really knows if it’s going to continue or what direction we're heading, Bull or Bear. And this is really what I'm getting at. There is no trend at this present moment. I can't tell you if this is the beginning of a Bear Market or just the Bull suffering a healthy pull-back. However, the "sell in May and go away" has certainly held true to form. But as a shorty I express caution. Valuation plays can be very dangerous in this present market. If the market takes off again the cheer will most likely be wide-spread and without conservative stops in place you could get run over. Then again, most daytraders are a bit timid at the moment. There’s a lot of knife catchers out there right now with missing fingers (ouch). Several momos I've been waiting to get a whack on have failed without me. It's a very frustrating time for both long and short trader. These failed break-outs reinforce my suspicions of a trendless or “dull market”. And you know what they say about shorting a dull market. So, I suggest a portfolio over-weight with cash. Trade light. Be patient and wait for the SCAM to surface. They always do! Don’t force it!

Till then Happy Trades

LATEST ROADKILL

BSML - ok lets get this straight -> june 2nd nas delisting satisfied, june 5th buyout talks with private company, june 7-8-9 insider picks up 250k shares on the cheap, june 9th takeover bid 4 bucks a share, june 11th takeover bid rejected (u gotta be kidding, lol).

this stinks and should be -> SOLD!!!

IS HE EVER WRONG? BWA-aaaaaaaaaaaaa

The SEX was GOOOOOOOOOD. TZOO, RGUS, BLDP, FUEL, OTD and ELSE - utterly molested and thoroughly pillaged. Coverage terminated. There might be more to give but after less than one month (3 weeks for ELSE) and approximately 50% gains it's time to move on in search of new road kill. Stay Tuned!

Ralph Molests the Monkey?

TZOO - roughly 3m shares dumped on unsuspecting sheepull and you still want to buy/hold this JUNK? Looks more like a liquidation sale rather than simple profit taking. Further more it makes me wonder if someone hasn't cooked the books. But more importantly I wonder if the SEC isn’t thinking the same and taking a closer look.

You can also forget the "SQUEEZE" play. With the float essentially doubling in these recent days the hard/impossible to borrow status and continuious buyins that previously drove this stock to cosmic levels is no longer a driving force. This alone should give scrutinizing shorts an extra set of raisins. Extreme caution advised to anyone still long this stock.

Ralph Spanks da Monkey!

TZOO - if the CEO has sold over a million shares in this recent madness shouldn't you be a seller, toooooooooooo? Nuff said!!! LOL

THIS WEEK'S PRIME SUSPECT

ELSE - this is the kind of crap shorty lives for. Much like TZOO just schit it's bad and ugly self this one is fixing to break out into little tiny assholes and do the same. But unlike TZOO this one has virtually no short interest. Going into this recent madness the most reliable sites show anywhere from ZERO to just over 4,000 shares short. So, the only squeezing going on here will be over-sexed daytraders playing with themselves! LOL.

As far as the latest 10q goes take out the one time gain from an investment they got lucky on and year over year revs are basically unchanged. In fact, while their monitoring business reported just a slight increase their software segment reported a loss. Forget the one-time dividend, it adds nothing to the bottom line. No wonder Zeff LLC dumped roughly 75% of their holdings in this stock. I suspect those that can find a borrow in the morning will be SELLING too. This pos will be back where it started soon enough. Enjoy!!!

Spank da Monkey!

TZOO - closing under $40 and at the low of day? BWA-aaaaaaaaaaaaaaaaaaaaaa. Tomorrow is FRYday. Don't even think about catching a falling knife on this TURD!

BLDP - come tomorrow I wouldn' t be surprised to see it lose $9's for good.

FUEL - splattttttttttttttttttttttttt

RGUS - think (hope) there's more in it.

OTD - looks like the effects of dilution have now gripped this pos.