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Slow Monday Morning, Just Some Potential Plays

Posted by Timothy Sykes on Mon 28th of Jan, 2008 04:02:37 AM
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Slow morning in terms of volatile plays… BJRI was perfect in the morning, successfully cracking 3-day support at $15.60, but it’s down big so shorting isn’t an option until the late afternoon, hopefully we can get a bounce but still finish down on the day—possible retrace to $14. JRJC, down too much big at the open and TRMP, down enough to not make it worthwhile for me to be short all day.

Thought about shorting MBRK on the 15% jump to the $3.10 range due to this weekend article, but it’s a tight squeeze considering there’s now a solid bottom in ($2.70) and only 20-30 cents downside potential (to the $2.80 to 2.90 range, bottom + a few cents to account for the positive article), although that downside looks probable considering the fading volume. But also too high a risk of a big short squeeze. Still think it cracks that $2.70 level in a few days, but I’m def. not betting on it.

Also watching COIN to squeeze the shorts, but it really needs to ramp its volume and get solidly over $11 to really put the scare into anyone/interest momo players—remember $11.50 was the original support level. Never buy into an early morning spiker, could easily fade/drop quickly, also right now it’s a double top until proven otherwise, very tough pattern to break.

All in all, some potential plays, but nothing tremendously appealing, patience is key, no rush, just had some great market volatility both down and up, maybe its quiet time for a bit.

Anybody got some crazy volatile low priced stocks I somehow missed?

UPDATE: Shorted 300 BJRI at $15.46ish, perfect afternoon bounce to $15.75, drop below $15.50, should either retest day’s lows today or tomorrow morning.

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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.

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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).

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TIM Trades

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Date Stock Buy Sell Net
Dec 26 CPY $3.33 $3.31 $70
Dec 22 HSNI $5.32 $5.39 $120
Dec 18 RVI $3.07 $2.90 $737
Dec 17 TKTM $6.23 $6.08 $333
Dec 16 CPD $5.15 $5.31 $444

Total: $42,656 (243%)

TIM Alerts

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Date Stock Position Ideal Exit % Gain
Nov 24 KVHI Short $3.70 18%
Nov 20 STSX Short $3.10 11%
Nov 18 PERY Short $3.75 25%
Nov 11 IIJI Short $2.80 5%
Nov 6 CVI Short $4 15%
Nov 5 MECA Short $1.95 51%
Nov 4 CVI Short $4.81 4%
Nov 3 NAK Short $3.20 5%
Oct 29 EVC Short $2 26%
Oct 28 HSNI Short $6.80 7%
Oct 28 HSNI Short $5.75 4%

November: 9 alerts, 15% avg gain

October: 11 alerts, 14% avg gain