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7 Smallcaps I’m Watching Right Now

Posted by timothysykes on Wed 6th of Feb, 2008 10:37:48 PM
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GPS maker SiRf Technology (SIRF) is down more than 50% over the past few days—a victim of intense competition and weak forward guidance. Now people are viewing it as a takeover and a dirt cheap technology play–I’m not sure if I agree with those conclusions, but I definitely wouldn’t be shorting this stock anytime soon. I also won’t be buying very quickly either because just as 50% off sushi can sometimes be a great deal, it can also make you very sick. This play can make your account sick. Avoid, with a potential long bias if the stock starts to uptrend.

sirf 7 Smallcaps Im Watching Right Now

Armored vehicle maker Force Protection (FRPT) has been slammed down to the single digits on fears that their sole product might be on the way out in government spending. Who knows? The CEO says the company is doing fine, but the downtrending stock price is much more convincing. If the stock price is meant to make up lost ground, it should have no problem breaking out past $6, which it has not been able to do for the past few months. Avoid until the stock shows some strength.

frpt1 7 Smallcaps Im Watching Right Now

IDM Pharmacueticals (IDMI) has now had a huge runup from under $1 to nearly $4 and a substantial drop to just over $2—all due to some positive drug news that was already known since November 2007 and of course the CEO’s optimism about European approval. Do I believe the CEO? Yeah right! My distrust of CEOs is dwarfed only by my distrust of biotech CEOs! Avoid, with a short bias on any spikes.

idmi1 7 Smallcaps Im Watching Right Now

When I wrote this article about A-Power Generation Systems (APWR), all the variables were aligned for a great run-up. I wanted to hold, but the volume and share price didn’t live up to my expectations, so I sold quickly. Now, the stock has nearly retraced to its original breakout area around $15, so the risk has gone down, but so has the reward. If you’re a long-term investor, this is a solid choice, but I need it to break its previous highs at $19 to make me a buyer again. Avoid, with a long bias if it breaks out.

apwr1 7 Smallcaps Im Watching Right Now

Troubled telecom equipment maker, Orkit Communications (ORCT) has recently doubled off its low on rumors of a big contract and today they got it. Very nice—but is it going to be enough to get the stock out of its nasty downtrending? I doubt it. Sure, some short sellers were squeezed, but even today, the stock price couldn’t hold onto its early gains. Avoid, with a short bias if it continues spiking.

orct1

Sun Cal Energy (SCEY) is just the latest speculative natural gas penny stock to be pumped, now having tripled over the past few weeks. I’ve been digging and digging but I can’t find anything very special about this company. Yes, I sometimes respect the pump, but not this one. Avoid buying or shorting at all costs—well, maybe short after its first down day.

scey 7 Smallcaps Im Watching Right Now

Local.com (LOCM), a wannabe Google (GOOG) search engine company is great for hypability and spikability, but in no way should this stock ever be considered for a long-term investment. All they seem to know how to do is grow their traffic and lose more money. And then there’s its valuation. My blog had 50,000 unique visitors last month, or 1/232nd of LOCM and if it was valued as highly as this stock, it’d be worth $250,000. Yes, please. What a joke! Don’t believe the hype when it comes to micro-search engines like this and (CNIC), the former Mamma.com. Avoid with a short bias on any substantial spikes.

locm 7 Smallcaps Im Watching Right Now

Disclosure: No positions, just stalking

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  • one of your better posts Tim, keep up the good work

    P
  • Adam Price
    I dunno, APWR is up on a stick right now, buying on a $19 breakout is too risky unless you can get some support from it trading in the 16-19 range for several months.
  • Alvari40
    Short ORCT @ 7.62, 1/2 position.
  • Alvari40
    Going short NYNY @$1.45.

    slim pickins out there given all runups are earnings based. Makes it difficult to find that bullshit play.
  • Sparda
    Good day to trade JASO, stock split tomorrow.

    Short above 45.6, cover below, a lot of in and out possible.
  • dj
    was today SCEY's 1st down day....
  • Whiskey Mac
    VLNC is an interesting play this am.
  • Alvari40
    Wild stuff. I went to add a block short on my NYNY and TDAmeritrade said that they didn't have the security to short. This was after I had already shorted a block 20 minutes earlier. So, then I let it rest for 5 minutes, and then placed another order to short a block. Wham - filled! Amazing. So, I am short 2/3rds position at 1.45. BTW, I looked at depth at this company. It is completely upside down on its balance sheet. They only have one source of income with tons of debt. The death of the indian deal, and it is dead for literally years, means that this is a <$1 stock.
  • Alvari40
    Just added another block of shares short for ORCT. Ave price 7.59. A break of today's lows and we may be able to get a gap close down to $7.12.
  • Stan
    is ORCT still have more in it to go down? I'd think about shorting into Friday, what do you think Tim and Albari40? I hope I'm not late to the party.. I seem to enter when its always too late.. but maybe can squeeze another 5% tomorrow??


    Also Tim, I subscribed to your newsletter.. does each post you put up on here go to our email if we are subscribed? I think that would be a good idea.. like an alert whenever you post a new one of these.
  • Alvari40
    Stan,

    Honestly, I would stay out if you do not already have a position short. They are releasing earnings on Tuesday and they have a history of beating expectations - so, short term it may pop. Also, volume to the downside (30 min chart) is drying up. So, while I am short and am looking for the gap fill, there is risk to this play.
  • timsykes
    Wow, crazy day, not in the market but for me---big fire made my building get evacuated from 5-9am. sucks. what we got in play boys? SCEY, ORCT, NYNY all look too boring to me, I want some big movers, whatcha got?
  • Alvari40
    We got notin boss. Is much slower than yesterday. Cannot find a dang thing out there.
  • Whiskey Mac
    I thought VLNC might be an interesting play, but not much volumne after the initial pop.
  • be-the-ball
    XIDE and VLNC were moving this morning, then they stalled good be afternoon movers
  • Whiskey Mac
    XIDE: is an earnings release. The boss said stay away from thoses movers
  • timsykes
    good, slow days are good, they teach you patience. wait til u see some of pics of this fire, scary stuff when real life intervenes

    http://www.newsday.com/news/local/newyork/ny-ny...
  • be-the-ball
    whiskey, not looking at short side today, long side on XIDE or not at all, already played it this AM for a little $
  • Dan
    NSR had a huge spike in the morning. Took a piece of it. Looks stale now.
  • timsykes
  • Ilan
    cge.to is up big on Quarter Fiscal 2008 Financial and Operating Results
  • Alvari40
    It's days like these that I want to get drunk and throw darts at stock charts.
  • Stan
    lmao
  • timsykes
    Days like this are fine, newbies and veterans alike need to understand you don't need to trade every day, the best opportunities come about only so often
  • Alvari40
    POWI getting pushed down into the close.
  • Stan
    yesterday news went out POWI 4Q net doubled and also Needham raised it to strong buy from bu ... looks nice! I like the dip at the end of the day.. thats what happened with HLCS about 2 weeks ago and the next day it really went down.

    Id like to short this too..
  • Stan
    although I look at another stock I traded EBS in early Jan on similar news, it spiked up, i bought it on its way up and sold it when it leved off at 8. Since then it hasnt dipped. Also possible here, thats my concern, it could go either way?
  • timsykes
    EBS and POWI chart patterns waaaay too random for me
  • Laura
    Tim, Tim, Tim,

    Well, I was shorting before I knew about you, but now I am a Timmite! LOL, greatest stock blog out there, except for our chat room, that is the best on the net for big gains IMO.

    Told ya in chat yesterday SCEY gonna be a sweet short. Rode it down from 1.37 and covered near close under a buck. Dunno even know my profit at this momo since I am still sick as a dog, but doubled down on it twice so should be nice $$.

    My top watches today, SCEY, CTIB (balloons?? waaa??? dude, get real) and GGSIF. Banged all 3 today for big bucks. SCEY 30%. Love these piggies!!!

    Will keep close eye on SCEY for long or short now. Could bounce nice which I will play. Or go to sub a buck, which I will play too. Don't matter, follow the piggy herd action.

    (Feb 06-09:28) Laura: nice cover, keep eye on SCEY shortie Tim. I shorted it last week, now up huge from that trade
    (Feb 06-10:11) Laura: go ahead SCEY, keeping walkin the UBB
    (Feb 06-13:02) Laura: SCEY more from this morning, 1.29 now
    (Feb 06-15:26) Muddy: SCEY hod 1.38
    (Feb 06-15:26) Muddy: still walking ubb's
    (Feb 06-15:28) Laura: yup, nice run up
    (Feb 06-15:28) Muddy: hard run down when starts maybe too
    (Feb 06-15:29) Laura: hoping so
    (Feb 06-15:29) Laura: did it few weeks ago
    (Feb 06-15:31) Muddy: CTIB big pop over 4
    (Feb 06-15:31) Muddy: real low floater
    (Feb 06-15:32) Laura: nice, 4.40
    (Feb 06-15:34) Laura: 4.70
    (Feb 06-15:37) Laura: wants 5

    (Feb 06-15:42) Laura: 5.00 CTIB
    (Feb 06-15:42) Laura: nice call
    (Feb 06-15:43) Muddy: low float moving decent

    (Feb 06-15:49) Muddy: SCEY 1.49
    (Feb 06-15:49) TraderJJ: i see the big volume in the last 45 min or so yesterday too
    (Feb 06-15:49) Laura: sweet SCEY
    (Feb 06-15:49) TraderJJ: at .23
    (Feb 06-15:50) Muddy: CTIB near hods
  • Arthur
    Hey Tim hi! I watched Wall Street Warriors and you were great, man! :o) I am an electricity trader from Czech Republick, call me please I wanna ask you some questions about trading stuff. I am trading stocks for 5 years, and I am 22 now ;) My skype is dj_revenger

    Hope to hear you soon matey :)
  • timsykes
    Arthur, thanks for commenting, ask away, I don't have skype and I'm a week behind on emails so its best to ask me anything here
  • Arthur
    Oh I understand... Never mind just wanted to chat or talk about trading. So you can just add me on some messenger when you will have time. Otherwise I will be visitng youre blog so we will be in touch here.

    Maybe I'll share with you all guys my picks.
  • Arthur
    What do you think about CBEY? I like the chart, if it will go above 26,1
  • timsykes
    I'd never consider buying CBEY in a million years, just broke key support. I only buy breakouts, not breakdowns
  • Arthur
    Heheh, thanks for youre opinion. But I will buy it at my level, so lets track it ;) Otherwise Some good plans for weekend? :)
  • Arthur
    Tim look at CBEY. As I wrote above ;)

    Never say never :)
  • LOCM is making me cry.
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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 $58,000+ 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. Currently he is the #1 ranked trader out of 25,000+ on Covestor)

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).

Why Penny Stocks?

As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 2000+ 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.

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TIM Trades

View All
Date Stock Buy Sell Net
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: $92,304 (644%)