IAAPA Expo, Stock Picks and An American Hedge Fund Book Review
Posted by Timothy Sykes on Wed 14th of Nov, 2007 04:01:27 PM
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TIM $14,050 (down $28 on the day, up $1,635 or 13.17% in 9 days)
IAAPA —Spent the morning and early afternoon at this expo and I’m going back again tomorrow. I thought it’d be boring, but I underestimated those
392.jpg”>crazy bastards who work in the attractions industry—there’s rides, games and fun for everyone—if you’re in Orlando this week, come on down! (Just wait ‘til you see some pictures)
Overall Market/Economic Numbers/ News from Corporate Giants—Irrelevant! (I just love how people think they need to digest all this crap in order to trade successfully)
CSIQ —Solar play (that was in contention to be part of my Solar’s Eleven ) reported blowout earnings…managed to breakout to an all-time high (and sloppy cup and handle chart pattern) in the early afternoon, but couldn’t hold on. I thought about buying some into the close for the probable gap up, but I’m going to see a demo of CYGT’s new technology tomorrow morning, making gap up plays—especially on volatile stocks like this—too risky for my blood.
CYGT —nosed around their exhibit today—lots of Six Flags, Hershey and other people milling about (me gusto mucho). Stock showed some nice buying at 12 cents today, but the spread is ridiculous and makes me glad that I sold out TIM out at 11 cents. Probable further upside, simply because it’s so cheap and there’s so little dollar trading volume. Even though TIM is out, I, along with practically everyone else I’ve ever met still has a ton of shares so here’s to the slim chance of the comeback of the century!
QSC —biotech play continues their exponential run-up… I love it! I thought about shorting it into the close, but I don’t like shorting exponential plays until they go negative (or in this case, crack $4/share). Probable short tomorrow, but it’s gotta be confirmed by the price action first. (This blog is helping me become more disciplined!)
SMRT —textbook reversal and I reallyyyyyyy wanted to short this sucker into the close, but I procrastinated (not wanting to risk a late day bounce) and by the end of the trading day, it was already down a ton. Stock probly will fall another 50 cents pretty easily, but, it could bounce just as quickly and with my IAAPA schedule booked for tomorrow, this isn’t something I want to be in.
EDA —lack of trading volume / confirmation of breakout makes me happy I wrote this off as too boring for TIM and basically anybody with a pulse.
XRM —the one stock I took a position in today (short sold 300 shares at $5.82 right before the close). I highlighted this one yesterday as a play that I think will soon reverse. This is just a small position (12% of TIM assets) and I’m willing to add into strength, but I fully expect a drop of 50 cents or more from the current $5.88 closing price in the coming days as the stock showed particular afternoon weakness, nearly finishing negative on the day.
JRJC —incredible bounce right back to near where the old support (now resistance) sits in the $31-$32 range. Since this is a textbook bounce that will probably fail, I was thinking of shorting 100 shares to scalp it for $2-3/share to the downside—but earnings are next week and I’m expecting blowout numbers so shorting is extra-risky here. Watching form the sidelines.
DTV —has gotten crushed due to DISH’s pathetic earnings report. I’m still interested—since I still love DTV fundamentally—but I hate stocks that fakeout breakout, so I’m just watching and waiting here.
INOD —great earnings today, should continue to be strong, put on my watchlist for possible buy.
And, definitely, definitely most importantly, I just got another glowing book review from Richard Wilson, a hedge fund consultant, who calls my book a “Great read for a trader, or anyone aspiring to be a trader or start their own hedge fund…”
I’m getting a ton of emails from people who think I should focus 100% of my time on trading “to get my credibility back”—to you people, I say, “Screw you! ” As much as I want to make $1.65 million as quickly as possible, I’ve learned to live a more balanced life (somewhat) as I think it helps my trading (not to mention my sanity). So, instead of devoting 18 hours/day to the market, I’ll probably devote 15 or so—the rest of the time, I’ll be enjoying fun events (like IAAPA), writing this blog, doing any and all interviews (gotta spread the word about responsible financial speculation!), speaking (I’m available—get ready University of Arizona Investment Club!) and replying to emails. Ideally, I’ll show that you don’t have to watch the markets 24/7 since—and I really believe this—the greatest opportunities stand far above the typical market noise.
Warning: TIM has a position in XRM…Timothy Sykes and the Easter Bunny have positions in CYGT.
Please note that due to factors including low market capitalization and/or insufficient public float, we consider some of these stocks to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.
TIMstore Monthly DVD Specials:
See all TIM DVD specials HERE
Related Reading
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 19 | AENY | $2.80 | $3.02 | $1148 |
| Nov 18 | NLST | $4.16 | $4.40 | $947 |
| Nov 18 | IMGG | $1.42 | $1.64 | $2094 |
| Nov 17 | NLST | $5.04 | $5.59 | $2195 |
| Nov 13 | VRMLQ | $21.50 | $22.97 | $2901 |
| Nov 11 | EONC | $2.61 | $2.80 | $687 |
| Nov 10 | EONC | $2.74 | $3.36 | $9784 |
| Nov 6 | QXM | $4.31 | $4.80 | $1936 |
| Nov 4 | COT | $8.66 | $8.88 | $642 |
| Nov 4 | QXM | $4.61 | $4.89 | $822 |
| Oct 30 | DDRX | $25.70 | $26.53 | $812 |
| Oct 29 | CTDC | $4.00 | $4.42 | $781 |
| Oct 26 | AWSL | $3.24 | $4.10 | $2516 |
| Oct 23 | RODM | $5.27 | $5.23 | $301 |
| Oct 22 | AMLM | $2.69 | $2.97 | $820 |
| Oct 22 | USEG | $6.12 | $6.09 | $85 |
| Oct 20 | CBOU | $8.93 | $9.06 | $243 |
| Oct 16 | VRMLQ | $16.79 | $18.65 | $2773 |
| Oct 13 | YONG | $11.05 | $11.66 | $1202 |
| Oct 13 | NPHC | $0.59 | $0.71 | $583 |
| Oct 12 | IMGG | $0.60 | $0.70 | $682 |
| Oct 9 | ZAGG | $5.50 | $6.10 | $2380 |
| Oct 7 | GVBP | $0.03 | $0.27 | $702 |
| Oct 1 | NPHC | $0.70 | $0.85 | $1482 |
Total: $98,094 (681%)
