7 Lessons, Charts, Pictures And Why It Sucks Waking Up In Smog With A Fire Crackling Outside Your Window

35 Responses

1. 1Jorge(TIMBUCKS: $1)

   February 7th, 2008 at 7:51 pm

   

   Fires are never fun. I used to live on a third story building near our campus with my fiancee and roommate. We hadn’t lived there more than 3 months before the lady across our breezeway accidentally lit her place on fire. Seems she fell asleep and a candle she had fell or blew over and lit her balcony which then spread. Oddly enough, I probably would have done the same thing you did. Instead I had to worry about my fiancee and my new puppy. Didn’t even bother grabbing my glasses. But when the roof of where you’re at starts burning up, I guess that’s the last thing you worry about. Hopefully no one was hurt in that blaze.

2. 2Stan

   February 7th, 2008 at 9:18 pm

   

   i was thinking today, if i were to leave my apt in a fire what i would do… take my cell phone and laptop and get out!

3. 3timsykes

   February 7th, 2008 at 9:21 pm

   

   yah nobody hurt badly, luckly

4. 4Neil(TIMBUCKS: $4)

   February 7th, 2008 at 9:34 pm

   

   msrv.v

   supernova?

5. 5Neil(TIMBUCKS: $4)

   February 7th, 2008 at 9:34 pm

   

   sorry its msr.v

6. 6timsykes

   February 7th, 2008 at 9:37 pm

   

   nope, not up enough, too low price, a commodity play, not american traded, low volume, just about everyting possible wrong with it…we just saw a supernova in idmi, usually takes a few days/weeks before we see another

7. 7Technicalstockcharts.net

   February 7th, 2008 at 10:06 pm

   

   Tim any thoughts on ACUS? It has exploded the last two days.

8. 8timsykes

   February 7th, 2008 at 10:36 pm

   

   acus is too cheap for me, shoulda woulda coulda bought it along with everyone else, but its not my kind of play, i’ll short at $3 though!

9. 9WallST_Wizard

   February 8th, 2008 at 3:12 am

   

   Hi kinda newbie question here… but is it illegal to short stocks with prices that are less than $3.00 per share, or does your broker “thinkorswim” simply not allow it for some reason?

10. 10Mike

    February 8th, 2008 at 4:12 am

    

    Hey Tim,
    E*Trade (ETFC) looks like it’s bottoming out. Might be worth taking a look at although this looks like something a value investor would buy and hold with the turnaround plan as the key determinant and thus reliance on management and other unpredictable factors. Not sure if this can pop up in the short term but if so you might be interested. P.S. The CEO bought 474,707 shares worth $1.9 million after the blackout period.

11. 11Whiskey Mac

    February 8th, 2008 at 9:30 am

    

    Would DPTR be too big to be included in your watch. It has contract news and its spiking at the open. But it is 1.4bill cap and 60M float

12. 12Alvari40

    February 8th, 2008 at 9:57 am

    

    Shorting POWI here $26.33 1/2 position.

13. 13Bob J

    February 8th, 2008 at 10:28 am

    

    Tim,
    Just wondering if you play on sure thing sometimes? Yesterday everybody knew MBI was going to offer secondary at a discounted price. That means usually the share price opens lower the following morning. Why didn’t you short MBI with let say 50% of your portfolio. You could have made at least $1 per share coving MBI even at the opening today. Just curious.

14. 14Ilan

    February 8th, 2008 at 10:31 am

    

    guys it is time to GCE.TO it is flying again

    Ilan

15. 15Ilan

    February 8th, 2008 at 10:36 am

    

    Hey Tim @ what age did you started to trade my son have got 10000for his bar

    any advice

    Thank you
    my email is

    ilan19650@gmail.com

16. 16timsykes

    February 8th, 2008 at 10:55 am

    

    Apologies tot hose emailed me–I’m about a week behind–popularity’s a bitch! Lots of Q&A on here so here we go:

    If your broker will allow it, you can short down to 1 cent stocks. Thinkorswim’s limit is $3 and thats ifne by me (lower than that and the risk reward gets out of whack)

    ETFC, I could care less about insider buying, thats BS, he knows idiots care about it so he does it, more important, the chart is POSSIBLY bottoming, but too unreliable/boring for TIM.

    If I had a kid, I would just show him DPTR’s chart to put him to sleep—BOOOOOOOORING

    POWI, waaaaay too unpredictable chart for me

    MBI, waaaaay too unpredictable for me–I don’t play Wall Street movers and shakers that go up and down based on deals. Who’s everybody? Who cares–I trust nobody!

    Ilan, I started in my teens, got serious at 18.

17. 17Ilan

    February 8th, 2008 at 11:23 am

    

    Tim
    Thank you
    I will order the book Today

    Ilan

18. 18Whiskey Mac

    February 8th, 2008 at 11:54 am

    

    Tim,
    It is interesting about the price of $3 or more. You’ve mentioned you didn’t like low cost stockes before. But I didn’t catch what you consider low until now.

    How about Size and Float? I have seen you mentioned floats for specific micorcap companies before. But to generalize this-

    1) What range Capitalization do you like (or not like)
    2) What impact does the float have. How much should the float be in relation to Cap.

    Mac

19. 19timsykes

    February 8th, 2008 at 12:31 pm

    

    Apparently I can short under $3, Thinkorswim just let me short 1,000 ARTE at $2.84! I asked my trusty chat guy “I thought you don’t allow shorting under $3?” and his reply was “you’re good to short”

    LOLOLOL Is there no end fo Thinkorswim’s greatness? Ended p covering quickly at $2.80 because I don’t like the price action (full details later), but I love my broker more than ever.

    Float and marketcap come into play depending on what the volume/interest is. I usually don’t l ike shorting stocks under $50mil marketcap–crap like GOAM and CTIB can really spike. Float who cares, the low floaters are the best spikers, just tougher to find shares to short

20. 20blueshorseshoe

    February 8th, 2008 at 1:14 pm

    

    ARTE seems rather dangerous to short this soon up only 22% and a thinster. AGN news gonna be all over this weekend and people going to be looking for the next new thing. I thought you had a day one rule of no shorting?

21. 21timsykes

    February 8th, 2008 at 1:18 pm

    

    Yah, it was def. a crap play, but I saw my friendly wall of sellers–that usually join in much later–and thats why I shorted. Screwed up both my entry and exit but still came out okay. Poor trade, but good management once I was in

22. 22eric

    February 8th, 2008 at 1:28 pm

    

    Tim I was just curious…how are you doing now compared to when you had your first 12K a few years back? For example, are you ahead or behind that pace when you compare your first feat to now? Also, have you considered doing a podcast considering that tons of people have ipods and that it would be cool to listen to you through podcasts?Thanks!

23. 23Eric T

    February 8th, 2008 at 1:30 pm

    

    Have you guys checked out EMKR??? It’s been moving a lot the past few weeks. Some good long and short plays.

24. 24be-the-ball(TIMBUCKS: $25)

    February 8th, 2008 at 1:47 pm

    

    eric,

    read the book, you will see exactly where he was each step of the way. seriously, it’s a good book. I have 2 copies, bought one and one came with DVD.

    tim, i want a comm. if eric buys a book/dvd from you :-)

25. 25timsykes

    February 8th, 2008 at 2:20 pm

    

    be the ball, we’re launching an affiliate program in the next few weeks so commissions will be 25%, $75/DVD package–that should inspire ya!

26. 26be-the-ball(TIMBUCKS: $25)

    February 8th, 2008 at 2:52 pm

    

    need a website though, no time for that…too busy tradin’

27. 27timsykes

    February 8th, 2008 at 3:10 pm

    

    Compared to 1999, that year i went from 12k to 123k, so i’m waaaay behind, but there havent been nearly as many opportunities and it’s not a straight line. also now it’s taken me a little while to get used to day trading restrictions and position sizing.

    EMKR buy only on a breakout of $16

    affiliates don’t need websites, u just get your own unique code and can post it anywhere, message boards, emails, whatever

28. 28casio

    February 8th, 2008 at 3:18 pm

    

    fire stories are always fun. i’d been living in my building maybe a month when my cell phone wakes me up. it’s my roommate telling me the building is on fire. unfortunately, i hadn’t anytime recently thought “what would i save in a fire?” still half asleep, i jump up, turn off my monitor speaker (powered speaker attached to my computer) and fan and run out of the building. i think i might have grabbed my cellphone and wallet. i get outside to find my roommate standing with a cat carrier holding our cat, ajax. then it dawns on me; my roommate *assumed* i wasn’t home, grabbed the cat, got her in the carrier, made his way outside, then, just for shits, calls me to tell me the building is on fire. and to top it off, somehow we were the only ones locked out of our apartment.

29. 29be-the-ball(TIMBUCKS: $25)

    February 8th, 2008 at 3:54 pm

    

    cool, tim, i will print it on flyers and hand them out in front of the supermarket! :-) Seriously, look forward to it, happy to push your book and DVD. When are you going to have your library back on the site?

30. 30timsykes

    February 8th, 2008 at 4:03 pm

    

    i’ll print the flyer for u! librarym, press, forums all should be done this weekend

31. 31S Adams

    February 8th, 2008 at 5:02 pm

    

    I’m keeping an eye on CHNR. I’m thinking it is getting ready for another multipoint run.

32. 32timsykes

    February 8th, 2008 at 6:15 pm

    

    I’d love for CHNR to keep running, but its got a lot of resistance for the next few dollars, wait for one of those days where volume surges and shorts are caught

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