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Diary of A Day Trader© : April 19, 2011 "The CEYY Hey Kid"

Apr. 19, 2011 4:40 PM ETOSN
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Some mildly irrational exuberance returned to the momentum trading pits today, fueled by a nice, slow, steady rise in the Dow. Shares of CEYY, a classic momentum mover, were in high demand. I tried to do a quick search and decipher what kind of business CEYY is in, but I couldn't really tell. That didn't stop me from making some profits in this one, with my last sell of 10,000 shares at .378 at the day's top: I love when that happens!

A pair of new pumped pennies appear to be gearing: keep an eye on AVCC and DOGO. DOGO's particularly interesting given the volume, and equally entertaining is trying to understand what it is they're selling. Read their 8-k for a hoot, and when you're done,  if you can figure out what business they're in, let me know. http://biz.yahoo.com/e/110414/dogo.ob8-k.html  I expect DOGO shares to retreat in the a.m. and be a potentially good dip buy, just like CXLT was. But I'd be very careful with this one.

My guess is tomorrow is $1 day for LFVN. They've been walking the price up, and shaking the tree, on good volume. Also keep an eye on OSN, which may have more headroom in the wake of a nice earnings report. And the company's shares are backed by RARE EARTH!

P.S. If you're at all entertained by these diary entries, feel free to become a follower. My wife said I need more of them.

Be back in the a.m. for pre-market perusal.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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