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:
December 21st 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…
TIMstore Monthly DVD Specials:
See all TIM DVD specials HERE
Related Reading
- None Found
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%)
