Some Signs Of Life In Several Small Caps

Posted by timothysykes on Tue 19th of Feb, 2008 07:45:25 PM

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TIM $15,249, Up $29

Long 200 APWR @ $18.46 Overnight

Speech at the Trader’s Expo went incredibly well yesterday, some people came from as far away as Maryland just to hear me speak, or so they say. Some company recorded it so I’m sure they’ll be offering it shortly, Powerpoint presentation and all, not sure if it’ll be overpriced, but probly.

Funny story about using Bill Gates to tout a Penny Stock, actually kinda interesting

New SEC rules shortening holding period for restricted stock!

See that “Get In My Top Spots” on the right hand side thing, sign-up so I can continue this honesty quest and never have to be tempted to sellout

Stupid Media Fight: CNBC vs. Barrons over Cramer

Nature Vision (NRVN), a POS little $4 mil company with average daily volume under 10,000 doubled today, no shares available to short, action reminds me of Grand Toys (GRIN) the other day, which I missed filming with CBS. Unlike GRIN though I couldn’t find any NRVN to short today, not that I wanted to really, waaaay too scary, but the odds of success get much better if it becomes a 2-3 day runner, squeezing the early shorts

Bought 200 shares of best of crap breed company breaking out A-Power Enenrgy (APWR) at $18.46, on the afternoon intraday, 5-day, 10-day and nearly an all-time breakout (on little spike over $19 is all that stands in the way). This is what I mean when in my DVD I say to buy stocks enjoying breakouts over multiple timeframes. Yes it’s a lready spiked twice and failed—I got out for a quick $1 the first time, didn’t play the 2nd, but this is the first spike to occur into the close and thus it’s the most likely to continue the next day. Similar to me buying COIN the other day on a multiple timeframe breakout, which was screwed up by negative overnight news. So far, no negative news on this one, so a morning spike, most definitely a pre-market one, looks to be in the cards. After that, I doubt I’ll hold, too many big block sellers and too light volume for me to trust it. Only way I’ll stay in for more than an hour or two is if the volume impresses me.

IDM Pharmacueiticals (IDMI) continued to annoy short sellers. I was wise enough to cover my short before Friday afternoon and the ever so common Monday morning spike, but I shorted 1,500 shares today at $3.23, held for what seemed like forever, but was only a few hours and covered at $3.20 when it looked like it’d never break $3.15. Made like $25. It did eventually break, but then it spiked, broke again, spiked once more—what an annoying play! I’ll only short it if it breaks $3, that’d be a multi-day breakdown, hopefully it cane spike again and fade into that tomorrow afternoon or else it’ll just hold up like some strange biotechs like QSC seem to do and then we’re talking days, weeks or months before a good solid breakdown. Bleh!

TITN excellent morning gap on IBD news, then fade

CTIB midday spike on Walmart rumors, bailing out the people who bought in anticipation of a Crain’s article

Afterhours Spacehab (SPAB) failed to get their NASA contract, that means no financing, stock down 40%, company screwed. Coulda woulda shoulda held my short from last week, betting this company would fail. When in doubt, always bet on these microcraps failing—there’s a reason why I’m so cynical!

Got a big dinner, I’ll add charts to this post later to make it all clearer.

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timsykes

guys stop emailing me about how long i'll hold APWR, i don't know, read the post more carefully. 7 eamils about this one question is just too much

Tony Ellis

I'll make a prediction. Tim is going to sell if it can't take out 19.28 it's all time high, 19.46 for a dollar profit if volume isn't strong, and sells around 20.50 no matter what.

Alvari40

Who gives a rats ass how long he holds it. The man is a trader, he doesn't know until price and volume start moving. That is what a trader does - remains flexible. You should too. Dont' follow his every move, gain insight from his technique. Once you understand his technique, you may trade it a bunch of different ways based on what you see. Tim - I don't know how you do it. I would be poking my eyes out so that I didn't need to read those posts. Yeah, I know...I can be an insensitive ass, but c'mon guys!

be-the-ball

better yet Alvari, gain insight from what he says to do, not what he does. man is a terrible trader but he can spot a pattern like nobody's business.

eric

Alvari40...whats going on sir! i totally enjoy the exchange of knowledge and insight on this board. Im am learning TONS everyday!

Ivan Mutaftchiev

Tim,

What exactly is the pattern you're looking for in order to short sell a stock ? None of your posts make that clear...

Thanks

Whiskey Mac

Alvari- For such an insensitive person... that was very well put (ha ha). Anyway, you're right about remaining flexible. In fact I got out of APWR yesterday. Made .35c. ready for today....
Tony- My prediction: I'm expecting our best of crap breed to fail on its thrid breakout attempt. And ready to short it hoping to pick up $1. I don't know what level though. thank you for the tip on $19.28. I'll be watching that.
Advice/critisism is most welcome guys.

Alvari40

Eric,

My apologies.

tsa

Today the market will open in gap down. SPY (S&P ETF) is under $134.
So I take the chance APWR won't do its second spike this morning. I short it at $18.40 in pre-market (yet only 100 shares filled).

timsykes

APWr might not break out, but it's def. not a short here--guys gotta learn just cuz something isn't a buy, doesn't make it a sell. there's an entire realm of "avoid because its too iffy either way" that really applies to most stocks. APWR, you have $1 of downside potential and $2-3 of upside--not good risk-reward right now for shorts

timsykes

ivan you just gotta read more, i've talked about severa patterns to short. if u want charts, click the charts tab at the bottom of the page, basically stocks up 100-300% in a few days, fading volume, fading stock price intraday, liek to short on 2-4th day of the runup, especially if the news is fluff. my DVD goes into more detail

Steph

Premarket APWR is $0.17 down, haven't you sold yours yet, Tim? Market is looking all red today, why do you expect APWR is going up? $100 oil didn't help solar, how it could help wind power?

timsykes

out of APWR at 18.22, lost a quarter, boo o hoo, not risking anything with oil down, the market down, solars getting killed.

IDMI is painful, gotta learn to not get so faked out when i cant day trade

tsa

Cover my position on APWR with a little profit of 25c a share.

timsykes

who cares about wind power, i buy charts, not ideas. if the company sold power generated from human waste, i'd buy it just the same. playing the setups

tsa

Shorted NRVN around $3.94, buy back successfully at $3.60, good for those who pays few fees per transaction. It was already this pattern yesterday, a spread of 30 cents and the same range during a good part of the day.

Al

Shorted 300 CEGE @3.30

manhack

IDMI dropping like a rock

Ivan Mutaftchiev

Tim,

So for example YTEC - one of the stocks you featured in your post from yesterday just crossed under 17.00. Is that a short opportunity ?

Thnx

Ivan

Alvari40

Shorting NYNY here. Entry $2.24, 1/2 position

timsykes

ivan, ytec is a potential breakout play, not a short. its not up 300% in a few days on fluff, it has earnings, yes its probly a double top but risk reward isnt good.

Al

Covered 300 CEGE @2.95

timsykes

nice cege trade, my 1,000 share short at $3.35 missed by 3 cents, buuuut wasn't a perfect chart so i wasn't aggressive. IDMI acting perfect for shorts and APWR perfect for longs, this is why i teach not just trade!

lmsmith

APWR was a good play, if I was able to buy in the a.m when it was down- now is up... is it too late to go long on this one.......

Al

Tim,

thanks - 300 shares wasn't much of a risk, but I'm still learning and I'm not playing with much money. I do enjoy trading.

be-the-ball

APWR failed breakout again. one of these days it will succeed

timsykes

i don't like the way APWR trades, a stock this thin shouldnt have this many big sellers at every corner

ETQT

don't recommend long on APWR?

Barney

Did anyone check out the APWR Roth Capital presentation yesterday? They have impressive growth numbers for 08 and 09.

Stan

so... OXFD, Tim u said this was good yesterday, I agreed and bought a good amount of shares at 2.19.. I was glad to see it go up to 2.30 then 2.40 then 2.50.. but then it suffered its greatest intraday loss since its been going up about 4 days ago.. and now its just stuck at 2.25 what does something like this signify? I at least hoped for steady growth for another few days....

eric

Alvari40...no apologies needed sir! Im just a student here taking notes so that I could make more money!

Al

Tim,

hows SWHC look to you?

timsykes

SWHC is boooooooooooooooooring. i play volatile stocks ONLY.

jcc

Took APWR from 18.25 to 19.00. Good run, but left money on the table by trying to call a top. It looks like its trying to break through the 19.30 but keeps getting batted down, I may re-enter if it finally gets through.

Anthony

Tim,

Thought's on: AUY

lmsmith

I know solar got crushed this a.m ohh well went long- have a feeling they will gap up tomorrow- I missed the boat on APWR

timsykes

Short IDMI at $2.71, looking for $2.40 tomorrow. Obviouly wish I still had my 1,500 from the other day at $3.23, but hindsight is easy

Tony Ellis

Are you watching COIN?

timsykes

yup see COIN but my focus is short IDMI, i'm done buying breakouts unless they're new highs, i'm just better at short selling

Alvari40

Shorting CEC here at 26.77, 1/2 position.

Brian D

I held my half position of IDMI, real nice today couldn't get scared out of yesterday's spike since I had class. I'm waiting anywhere between $2.40-$2.25 this stock has made my month great with all of its ups and downs.

timsykes

Covered my IDMI at $2.54. Would hold but got a ton of meetings all day tomorrow. Still an easy and more importantly a predictable 17 cents/share, $150 profit on TIM's current assets, easily could scale up to a position 20-50x the size

be-the-ball

tim,

how is 2.71 intraday a predictable entry point for a short in IDMI? I just don't see it?

lmsmith

APWR_ It's flying!

timsykes

i'll have a detailed post on idmi later, but damn COIN, another stinger, the tagline of my website should be "he doesn't know how to trade 'em, but damn can he pick em"

gotta get ready for FOX's happy hour, everybody watch FOX Biz from 5-6PM tonight!

be-the-ball

yeah, good pick, I rode *COIN for 15 minutes this afternoon to a nice profit...

Tony Ellis

Have class tonight but I'm setting TIVO right now! Anyone holding COIN over night?

mike

Coin +12%
will you buy or short

Funterpwave

Been following the post for a while and got to say I love it. Thanks Tim for all the hard work/easy attitude. When I read your posts (and book which I just finished), I can hear myself.....definitely dont have the patience for buy & hold. Anyways, to answer Tony, I am holding COIN overnight. Bought 1000 at 11.30 and hoping to make $1 by tomorrow am.

eric

ALVARI40...taking notes sir and following yours and Tim's lead. Alvari...Im a rookie so I have tons of questions...how long did it take until you felt like you knew what you were doing?

Tony Ellis

Great segment on FOX BIZ...Hope you become the next Cramer! Only better.

Alvari40

Eric,

I have been trading stocks since the mid-90's and futures since '03 - I never totally feel like I know what i am doing. A traders life, IMHO, is one of being in the moment, feeling confortable with one's own ability to make a split decision, living with the outcome of all trading decisions you make, and ACCEPTING PERSONAL RESPONSABILITY for all your trading decisions. Being in the moment, to me, means not losing focus, confidence, or your ability and willingness to make split decisions. Taking responsability means not having the personality that points fingers at TIM, Cramer, your dog, the doorbell, boss, etc. for trades that reslted in financial losses. Once you can do these things, you have freed up so much mental capacity to do what needs to be done IN THE MOMENT that you will dance with the charts.

I feel like I know what I am doing when I exit a long position and can ignore the fact that the stock keeps going up (and just smile and say "good for you"). I feel like I know what I am doing when I quickly hit the eject button on a loser without cringing or being distracted from my mission. I feel like I know what I am doing when I pocket an ungodly amount of money and do not jump up and down with excitement. I feel like I know what I am doing when I hit the ask or bid to get into a trade after 5 straight losing trades and have no hesitation about doing it. You see, you NEVER get to the point where you know what the price movement is going to do, and that is difficult for most would be traders to get their arms around. You cannot control that aspect of it - period, accept that fact. Once you do, you will be able to focus on the things you can control. But you can control when you get in and when you get out of a trade. If you get in a trade at all. If you can do that while keeping your head on straight, then you have a fighting chance.

Trading is a random walk. What you need is an edge that pushes the odds in your favor. A huge part of the edge, in my opinion, is the 8 inches between your ears.

Thanks for asking.

eric

Alvari40 awesome! When i said "whats going on sir" earlier, it was like saying "whats up" bcuz i havent seen u on Tim's blog in a while. I was confused why u said sorry earlier? Ive been following and listening to veteran traders like u and Tim as well as reading tons of books. Thanks for all the advice. Good luck with CEC sir!

eric

Alvari40...whats your thoughts on PCLN? Maybe a good short in the near future? Had a great runup post earnings n i think its ready to come down.

timsykes

sorry i know the PCLN question isn't meant for me, but no way in hell should u short that. never short an earnings mover for once, but this is a bigtime breakout on earnings! its pretty much the most reliably bullish sign u can get. 3rd straight quarter, last 2, solid uptrending, shorts have gotta be getting tired. reminds me of RIMM or GRMN back when they were climbing

eric

Tim....you're the man!

Stan

Hey guys, Thoughts on CEC? Looks like a wonderful short

Alvari40

Eric,

Oh....I though you took exception to my earlier banter about what Tim was going to do with APWR. Not much goin on. Trying to make heads-or-tails of this market. My trading style is to find both long and short candidates and then daytrade them based on the strength of the market. That has been tough lately with the reversals we have had. I had some nice shorts that were working well this morning, only to reverse with the market. With my daytrading techniques, the momentum of the market is a force that is felt on my trades. So, I sustained some losses this morning with the reviersal of the market, closed out the shorts, and then went long a couple of stocks (including fslr, which really worked out for me). By the end of the day, I was back looking for shorts. Went into the after hours with CEC short (1/2 position), IDMI short (1/2 position), and APWR short (1/3 position). IDMI is getting tough to short due to Reg Sho issues. I need to call in now to Tradestation instead of just hitting the bid. Hope your trades are going well.

BTW, from a pure technical standpointPCLN is on fire. In the last 2 days it retraced to test resistence and sprang up nicely. The breakout bar was on great volume, now just need to see volume follow thru. Funny thing here is that the runup it had last year never triggered an over bought condition on the weekly chart. Not sure I have seen that before. Strange.

eric

Tim...I just added another great piece of advice from you to my trading notebook! Thanks "richassjew!"

Alvari40...maybe "whats going on" is a Southern Cali thing? I enjoy learning from everyone on this website, especially from Tim and u. Im a college student following you veterans to the money! Thanks for all of your responses. I greatly appreciate it!

Alvari40

Eric,

I should know that - I am originally from the South Bay (Hermosa, Redondo, etc.). Now in the No Cal area (the Big Sac).

Alex

CEGE? sykes pattern?

timsykes

cege has positive news, not up enough, maybe u could scalp it for a bit but its already 60 cents off its highs...dangerous to short

Dan

What do you think of CCTC? Its an OTC pink sheet but its been a mover. Mostly some crap company but is it shortable if it runs up again?

timsykes

i can't short pink sheets with thinkorswim and thank god! crap like cctc makes it too scary

Aubrey Rojas

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Wisconsin Biotechnology Association
http://resultsaccountability.com

PETEKUSH

coin lol yea right this was nice..

Steve Denton

Oxford Funding (OXFD) looks like it is ready for an upward
spike. CAREFUL: this will be a great short term investment, plan your entry and exit and stick to it. Shortly after the jump it will fall back to its normal >$1.

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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 $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.

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).

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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%)