Hey everyone,

What a great day in the markets!  ProphetAlerts.com subscribers took home some nice trading profits on a killer day!

We saw plenty of trading opportunities today, and I took profit on 4 different trades totaling over 29% in gains with only 4 trades in less than a 24 hour period!

The alerts were as follows:

1) Yesterday, September 7th I sent the alert that I shorted 3,000 shares of PSTR (PostRock Energy Corporation) at $4.00 per share.  Today, I shorted 2,000 more shares of PSTR at an average price of $3.82 per share, giving me a total position size of 5,000 shares.  I covered all of these shares at $3.68/share, meaning my first 3,000 shares gave me a total profit of 8% and my second short of 2,000 shares were a gain of 3.66% for a total dollar profit of $1,600.00

2) Today I issued an alert that I shorted 2,000 shares of AAU (Almaden Minerals, Ltd.) at $2.82 per share.  I then covered intraday at $2.56 per share, for a gain of 9.22%, or $520.00, in a very small amount of time today.

3) Today I issued an alert that I purchased 10 AAPL October $240 puts @ $2.25 per contract.  Less than 30 minutes later, I closed this position at $2.44 for a gain of 8.44%, or $190.00

Total percentage gain on today’s realized trades is 29.32% or $2,310.00 in less than 24 hours.

Want to learn how to consistently profit in the stock market using stock, options, buying, shorting, etc.?  What are you waiting for?  Join ProphetAlerts.com NOW!

Thanks,

Kris
ProphetAlerts.com Staff

In last night’s watchlist, sent to ProphetAlerts.com subscribers last night, I stated I was looking at shorting HTCH (Hutchinson Technology, Inc.) because the stock rallied 30% yesterday on no news.  The company even stated they were unaware of why the stock price had appreciated so much.

Currently, HTCH is trading down 14.1% from yesterday’s closing price of $3.46 with a current market price of $2.97 per share.

Here is an excerpt from last night’s watchlist sent to subscribers:

“HTCH was up almost 30% today for no reason whatsoever (probably recommended by a blog with a massive following).  The network storage sector has been hot lately because of the Dell/HP bidding war over PAR, so this is one stock that probably was hyped up and will be a great short.  According to the company, they have no idea why their stock was up this high today.  Definite potential short, you will likely be able to find shares at most brokers.  If this can move higher, that will be better.. but also be warned that this stock has a float of 22.5M shares and can move pretty good with buying volume and short squeezes.  Will be watching this very closely tomorrow.”

Today, I shorted HTCH at $3.36/share and I covered at $3.12/share.  My alert stated my goal was under $3.00 with a stop loss of $3.65/share.  I admit I was impatient with my personal trade, but subscribes banked off my alert and made a nice profit on HTCH as some held past my cover point.  HTCH is now trading under $3.00, as I predicted in my alert today. 

Here is an annotated chart of how my real time alert played out:

To get detailed text and video watchlists, real time stock alerts, and a live stock trading chatroom click HERE and join the growing community of ProphetAlerts.com subscribers now!

On August 19th’s watchlist, sent to ProphetAlerts.com subscribers, I detailed that HSFT is seeing relative strength in an otherwise weak and bearish market.  I predicted that if HSFT could crack the $15.65 area again (the previous day’s high) this could be a catalyst for a run to $17-18 in the near term.

Here is a copy/paste from that watchlist on the night of August 19th:

“HSFT is a recent IPO that is surging in price lately… today, it gapped up and ran nicely on strong volume… this is up from a recent price of $11/share and hit $15.65 today… although this could be considered a potential short (and may very well be) you cannot ignore strength like this when the market was so weak and bleeding today.  This is a potential buy if it can crack the today’s high of $15.65 on volume, but with a TIGHT stop at $15.00 per share.  I can see this running to $17-19/share based on this pattern.. but anything can go, always protect yourselves on plays like this”

This is just a great example of the stocks I send out on watchlists to ProphetAlerts.com members so we can prepare to watch stocks in play and also discuss in the chatroom during market hours. Come JOIN US

Here is a visual chart of HSFT’s great run since my recommendation:

Hey everyone,

Here is a video excerpt from last night’s video watchlist, sent to ProphetAlerts.com subscribers, that shows the technical pattern where I felt an oversold reversal/bounce could occur at $4.30 today.  BIOS has hit $4.55 so far, looking like the reversal is following through nicely.  The Dow was down over 150 points, but BIOS kept creeping up all day!

This is one of the many setups we give at ProphetAlerts, join up and start getting real time alerts, nightly watchlists (in video and text form), a live chatroom, and more!

UPDATE:  BIOS has since moved over $5.00 per share since my $4.30 recommendation (as of 8/10/2010) for an over 17% move in a few days

First of all, congrats to all subscribers!!!

Issued a real time alert to short LOCM today at $6.14 per share, and 1.5 hours later it made a low of $4.51 per share!  That’s a possible gain of 26% from my short alert.  Unfortunately, I was a bit impatient (and not trying to be greedy) when I covered at $5.40.  Three minutes later it tanked under $5… oh well….  solid entry, poor exit- but a profit is a profit!

The main reason for this drop is THIS article published by TheStreetSweeper.org today which I quickly acted upon reading… and my subscribers benefited very nicely!

In this video (an excerpt from last night’s video watchlist) I go over ELN and BSX as potential long setups.  BSX is still making new highs today… notice I clearly explained the potential entry in BSX on a two year triple bottom formation… this is a great setup, as proven by today’s 4% move that it has already started a potential longer-term reversal off this bottom. 

Predictable technical patterns are what I look for, and if you combine the potentials of BSX, ELN, and LOCM today, you could have made over 30% in profits combined by being a subscriber of ProphetAlerts!  Join up HERE

Here is a clip of the video sent to subscribers last night detailing the BSX and ELN setups (great example of the videos ProphetAlerts.com members get)

Check out my trades for July HERE on this detailed Google Spreadsheet (which is updated nightly) to see July’s trading performance so far.  Overall, not too bad considering the the crazy market- but a profit is a profit.  I believe the market volatility is stabilizing and we should be in for some great months of trading here real soon!

Make sure to check out my Profit.Ly profile here, http://profit.ly/user/ProphetAlerts where I update my trades when they are completed.  The statistics show I my trades are successful 75% of the time!  That was even during the crazy months of May/June/July where market uncertainty was at its highest level.

Join ProphetAlerts.com now for our nightly watchlists, real time email, SMS, IM alerts, and live chatroom !!

Make sure to check out our reviews on Investimonials.com here:  http://investimonials.com/newsletters/reviews-prophet-alerts.aspx and see why we are ranked the #1 Stock newsletter out of 524 on Investimonials !!

Thanks,

Kris
ProphetAlerts.com Staff

Hey everyone,

The Dow broke right through that 9,686 level I talked about last night (and the past month) and recovered later in the day, closing at 9,732.  Why is that important?  Because I am waiting for the signal of the real bear market that will occur if we drop under 9,000.  There is very little support under 9,500 and then 9,100 – under these levels, you can literally short just about anything and sleep well at night like when everyone when short in 2008.  Literally everything gaps down the next day, and you rarely get head fake gap ups the next day.  Similar to how the bull market works by gapping each day almost like clockwork, a close under 9,000 will create the opposite.  Pick a Dow or S&P listed stock (or more), short them, and sit back and watch your account grow.

We are not there yet.  So when I see people yapping about “armageddon”  “market crash”  “double dip” I have to just sit back and laugh a bit.  When the bulls become super bullish at the top (back when I was calling for a big market correction back in April HERE in this video) I knew that was the top and also going off of technicals.  Now I hear the bears (who were previous bulls) becoming SUPER bearish like the world is going to blow up and Wall Street is going to look like Skid Row soon.  This starts making me bullish- just like I was before the 700 point reversal from the 9,774 lows earlier this month.

I remember listening to those words back in February 2009 and looking at all the dead stocks left in the rubble and thinking to myself, DAMN this is a buying opportunity…. so many people looked at that like the beginning of the end and I thought screw it, I am buying.  I loaded up with so many shares of LVS stock under $3.00 that I would be rich now… but of course sold too soon.  How would we have ever known LVS would hit almost $30.00 one year after CNBC told us that the financial system and Wall Street as we knew it would be possibly eliminated by 2011 or 2012?  We didn’t.

Listen- I am not trying to insinuate you all to start catching a falling knife…. or pick bottoms here, but you have to realize that the market is NOT in a bear trend yet.  That means that short term rallies can – and will – happen until we get that no-brainer bear trend under 9,000… if it does indeed happen. 

My entire point here is that ideal setups are not here yet (not even any big pumped up OTC stocks ready to dive) and most opportunities are simply scalps due to the intraday volatility and choppiness.  Right when everything starts to look like  a short, BOOM the market spikes right back up.  You are better off playing a slot machine in an LVS casino, rather than trading its stock for now.

The job numbers come out tomorrow, and everyone is bearish on the numbers and expecting the worst.  The market is sitting on some key support here, and probably the average joe went short overnight thinking the obvious- the job numbers will suck so the market will tank – Not so fast…. its not that easy.  Always expect the unexpected in this market.

When the opportunities present themselves (long or short) you better believe I will be on top of it- for now, cash is better than gambling and when this market starts presenting opportunities again, it will be time to take that cash and put it to good use again.. I promise.

Thank you,

Kris
ProphetAlerts.com Staff

Hello everyone,

As Prophet Alerts subscribers know, I have been looking for a potential bounce in the market, namely from the 9,774 level as a potential bottom off the May 25th lows.  It seems the market is looking for a pop, whether short term or longer term is still to be determined.

Key levels to look for in the Dow are 10,237 and 10,238 (200day EMA and Moving Averages).  There is a lot of resistance above this market but I feel a short term pop to Dow 10,500 may be possible if we can get some catalysts next week.  The market has become extremely news driven, and going into options expiration week I feel we should get a pop so market makers can profit on the puts sold to the bears this past week.  I guess we will see!

I go over in this video our AKS position that I have been scaling into.  My average price is now $13.56 in my trading account and $12.66 in my Roth IRA.  I love this stock long term, my short term price targets are $16-18 however.

Subscribers also know I am bullish on UCO and oil in general.  Crude oil inventory data was very bullish last week, and I dont expect a change of that trend next week.  As I mentioned in the chatroom yesterday, I was looking to get long UCO on weakness and today was a perfect opportunity in my opinion.  Looking for $11-12 out of this one.

I also bought SIRI at $1.02 because it is breaking a flag formation on the daily chart and it closed above the 10 and 50 day Exponential Moving Averages.  I think this is a good risk/reward trade here as Sirius Satellite Radio may want to test the $1.10-1.20 levels in the near future.

Anyway, check out my video recapping the market and some of our open positions for this week:

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We are constantly striving to deliver the best stock trading newsletter service out there.  Not only do we provide real time trading alerts, but each nightly video is filling with education including technical analysis and stock reviews and setups. 

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“Awesome Service”

I have been a subscriber for almost a month now and I have absolutely no complaints. Kris is the man, that’s all you need to know. But seriously, there is no BS here. Kris provides an excellent educational service that is honest and effective. Prophet Alerts isn’t about throwing names out in a chatroom and trying to get lucky. It’s about Kris’s nightly watchlists that not only picks winners, but educates how to trade from a purely technical perspective. If Kris has to take a loss, he reviews the trade for his subscribers and explains what went wrong and what to avoid for next time. He’s not here to boost his ego and inflate his profit margin. Personally, I really like how he understands that he is directly responsible for people’s gains and losses and takes it very seriously, even if that means locking in gains a little bit early. I have been in the chatroom since its inception and it is constantly growing with new members and great ideas. Kris always makes himself available to answer any type of question you have, whether you’re a beginner or an advanced trader. I highly recommend atleast trying this service, you will not regret it.

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Look no further the prohet for profits is here.If u really want to make money in the stock market this is the best thing out there.Just signed up last week and already made money on
my second trade..yes second..learned that if u set a limit order even if it does not hit ur suggested price the market maker will fill u….even if its in red….lol..thanks kris for the explanation…he does answere ur questions like a gentlemen unlike some other traders…He makes a video watchlist every night detailing his current set up for the day and his set up for the next day,\.Actualy tells you when to get into the trade and get out.His system is awesome.Wish i had ran into this guy first.REALLY REALLY loving his technics.Ive been trading partime since last may and trust me when i tell u this is the MONEY MAKER..

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I have been impressed with ProphetAlerts since joining about 1 month ago. Kris has a great sense for the market and his picks have been spot on. Lately he hasnt forced trades, but has given me some great market analysis to help me decide what to do with my investments. Overall this is a service that could cost much more and as other reviewers have said below, Kris is a great teacher and cares about other members profits and keep potential losses small. Perfect for new traders and even experienced.

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I have joined and cancelled so many “stock services” because of unrealistic claims and expectations. I usually paid for less than I would receive, and never find any type of value.

I have been with Prophet Alerts for over 2 months now and think it is worth every penny now. I don’t trad each pick, but I will tell you this- I would keep my subscription even if he stopped sending alerts.

Kris has a very impressive knack for the market- almost each night in April he was calling for a steep mark reversal and almost called the exact top- which was significant because this made me go all cash and saved me literally 10s of thousands of dollars in losses because of his precise market analysis.

This along with his great nightly videos are what makes me look forward to the next trading day, his discipline and teaching skills far outweigh any negatives that have come up. I also sit in his chatroom and observe and have learned so much from him there, it’s like a classroom where he teaches and explains In a humble and nice way- I have finally found a coach in my trading endeavors.

Yours,
Susan proud member of Prophet Alerts

“Kris is the man!”

I have had a subscription for about 2 months and this is a great service. I found out about it through investimonials.com. Kris is straight forward, legit, and a great teacher. Not every trade turns out perfect, but the stop triggers give you a good time to exit trades without a huge loss. The nightly videos are awesome! The chat room is very useful, Kris will give real time alerts in the chat room and more times than not the stocks do well. Kris is sometimes to conservative with his exits, but He wants to lock in profits, which I respect because he’s not a gambler. Gambling is the best way to lose money in this business. Kris gives predictable gains and does not chase stocks. Great Service!! Keep it up!

JTX broke out today, much higher than our $1.58 buy trigger from last week.  Unfortunately, this buy trigger hit on Friday at $1.58, but was technically stopped out at $1.54 so I have to record it as an official loss on my performance tracking spreadsheet.

In our chatroom, however, I stated on Friday afternoon that JTX still looked like a great setup and I also stated I had went long with 2.5K shares at $1.54 per share.

Today, JTX hit a high of $1.92 per share, closing up a nice 21%.  Many subscribers took this trade on Friday between $1.54-1.58 and sold into this spike, which is part of my strategy.  I often look for chart patterns called “Oversold Reversal Spikes” which is how I can predict breakouts before they occur.  I stated this in my video each night.

Although my personal trades are not always timed right, my subscribers are using the strategy I teach nightly to identify stocks before they break out, and how to read charts and trade off of technical patterns.  Stocks can breakout without news, solely on technical breakouts as shown with JTX today when it crossed and spiked over the 10day EMA.

Below is an excerpt from last night’s video watchlist that was sent to subscribers:

if you cannot video this video, click here:  http://www.youtube.com/watch?v=pK5XfZre4wo



Regards,

Kris
ProphetAlerts.com Staff