Short Selling Is Evil But Only On Days Like Friday aka Learn To Also Buy Stocks

Posted by Timothy Sykes on Sat 22nd of Dec, 2007 02:11:50 PM

Tags:

Email This Post

TIM Store Offer:

December 21^st Review

TIM $14,302 (down $64 on the day)

Bought 150 Shares of SWIM @$17.98

Bought 200 Shares of SOLF @29.09

Two big-time breakouts, so I bought both of them and am holding ove

r weekend. As I detail in my latest AOL article, I use INVESTools (Nasdaq: SWIM) as my broker (their Thinkorswim unit), and now that their stock chart is a perfect breakout, I’m a shareholder, too. The key here is that the last 2 times SWIM has broken out, shares have run up 30%+ within a month. So – and this is gonna be extremely difficult – my goal is hold this stock for the next month. After all, a 30% gain would be just fine by me.

I also bought hotly debated Solarfun (Nasdaq: SOLF) because it had its own little breakout, a one month breakout that is. See my more detailed article on AOL . Volume ramped nicely, so I’m hoping for a continuation on Monday as the sort sellers have gotta be scared at how quickly this thing can move higher. Sure, it’s still $3 away from its all-time high (set just last month), so whether or not it executes a full throttle breakout, I’ll look to capture $1-$2/share, preferably in Monday’s pre-market. I screwed up my entry, getting too excited, buying the first 100 shares at $29.45 with 20 minutes to go before the market close (on gap up plays, I like to buy right before the market close), so I doubled up and bought another 100 shares at $28.74 after hours to get my average price down to $29.09. Volume should definitely be light this holiday week, so I welcome any and all short squeezes!

I’ll finish this post later with more stocks I’m watching…

Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!

Start Here

Who Is Timothy Sykes And Why Should I Care?

See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.

Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $33,956 even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes.

How Can I Consistently Make Money In The Stock Market?

Hard work, Determination and Know How.

Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

Determination to seek those probable profits out and know how in order to actually profit from them.

Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

Why Penny Stocks?

As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 900+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.

Where Do You Find Stocks To Trade?

This is the #1 FAQ (see more HERE) and it is answered in THIS blog post.

Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!

Join TIM

TIM Trades

View All

Date	Stock	Buy	Sell	Net
Nov 11	IIJI	$2,79	$2.95	$442
Nov 6	CVI	$4.42	$4.70	$530
Nov 5	MECA	$3.68	$3.95	$490
Nov 4	CVI	$5.18	$4.94	$472
Nov 4	CVI	$4.83	$5.01	$333
Nov 3	NAK	$3.30	$3.37	$157
Oct 31	IDAE	$2.18	$2.18	$20
Oct 30	HSNI	$7.37	$7.86	$561
Oct 29	EVC	$1.97	$2.70	$1439
Oct 28	HSNI	$6.92	$7.30	$540
Oct 28	HSNI	$6.20	$6.00	$320

Total: $34,399 (177%)

TIM Alerts