The 1st Annual TimothySykes.com Crap Company Chart Pattern Awards
Or for short, the TCCCP Awards…these awards are brought to you by the belief that all low priced stocks are complete crap. I can generalize every stock under $20 that way because out of the thousands that are out there, less than a dozen will ever make it. Success is but a blip on screen of utter crap, so let’s just round it off and call them all crap.
They pretty much all have the same qualities—crap management, crap products, crap financing, crap marketcaps—aka marketcraps and crap revenues and crap profits. In fact, all this crap actually makes the details—company, industry, business model—rather irrelevant. Is it any wonder then that Wall Street pays little mind to these crappy things (to get a better sense of how crappy these companies are, you have to stop looking at them as businesses, they’re just things, as if found in a junkyard.)
The good news is that to hide the crappy reality and to sucker in, well, the suckers, they all have exciting stories, disseminated through eternally optimistic management, hype-filled press releases, “research reports”, newsletters, excitable message boards and chat rooms, blah blah blah. This hype is passed on from generation to generation of suckers—suckers are extraordinarily gifted story-tellers—JK Rowling would be proud—and this helps to spike up stocks of these crappy things every now and then in a rather predictable manner. Ah yes, mix the reality of crap with the fantasy of hype and you get remarkably similar chart patterns! So, let’s get to what the title of this post says:
Crap “Cutting-Edge” Companies Breaking Out:
A-Power Energy Generation Systems (APWR) - This post says it all. Its best of crap breed because it just keeps on keepin’ on, chart pattern is perfectly intact
Titan Machinery (TITN) Agriculture is so hot right now, great probly-something-screwy-going-on-behind-the-scenes fundamentals, breakout getting a little steep here
Yucheng Technologies Limited (YTEC) - China banking company, detailed here, so hot right now, so unaudited, so I-won’t believe-you-even-when-you-do-get-audited-because-China-has-no-standards!
Crap Companies That Have Been Rightfully Crushed:
Force Protection Inc. (FRPT) - Trying to convince investors (and themselves) they have a future, even as their competitors ramp and spending for their only product gets cut…not looking so good right now. It wins best of crap breed because it’s ones of the truest piles of crap that I’ve seen in a very long time, still so many suckers hoping and praying this doesn’t join the cemetery filled with tens of thousands of others true piles of crap.
SiRF Technology Holdings (SIRF) - Warned on earnings, detailed here, but could still get bought out, still value here, somewhere
Smith & Wesson Holding Corp (SWHC) - Warning after warning, no signs of rebound in sight, although you really never know with crap companies. Shareholders: get off your asses and pay a “newsletter” to pump you up! You’ll have 1-2 days to get out
Crap Solar Companies Trying To Rebound:
Canadian Solar (CSIQ) - Gotta love its name, considering it’s a Chinese company! It’s a best of crap breed because it’s the only one of its kind to breakout recently
Solarfun Power Holdings (SOLF) - Fun during its run-up, but now its inability to rebound foretells a chart similar to ye olde favorite alternative energy play Pacific Ethanol (PEIX), which also did some screwy financing deals during its heyday
China Sunenergy Co. Ltd. (CSUN) - No props for admitting to being a Chinese solar company in its name, maybe if they changed it to African Sun Energy, it’d perform better!
Crap Chinese Spikers Looking To Do What They Do Best:
China Natural Resources Inc. (CHNR) - Low floater actually bottomed nicely and is now uptrending, whaaaaat?!?!?!?!? It’s a best of crap breed because shorts are just baffled and they should be.
e-Future Information Technology (EFUT) - Great spiking ability, too bad it spends most of its time in the saloon near its lows—what a degenerate!
China Finance Online Co. (JRJC) - A “one-spike-wonder”, now it joins EFUT in the bar every day, reminiscing about the gold ‘ole days
SEC fun label: No positions, just stalking some of these bitches so hard, I’ll probly get slapped with a restraining order
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Sept 4 | COIN | $5.70 | $6.21 | $745 |
| Sept 3 | COIN | $6.49 | $6.30 | $305 |
| Sept 3 | COINW | $2.75 | $2.85 | $180 |
| Sept 2 | TAYD | $7.51 | $8.13 | $545 |
| Aug 18 | FOUR | $2.80 | $2.66 | $342 |
| Aug 14 | APII | $2.66 | $3.30 | $1261 |
| Aug 12 | APII | $3.25 | $3.40 | $285 |
| Aug 7 | NOBL | $5.02 | $5.49 | $680 |
Total: $26,508 (
114%)
1timsykes
February 19th, 2008 at 3:42 pm
Bought 200 shares of the best of crap breed APWR on the intraday breakout at $18.46
2her every cent counts
February 19th, 2008 at 3:43 pm
Hey Timothy. I just found your blog and I think it’s hilarious. I wish I thought to start trading my Bat Mitzvah money back in the day, but alas I didn’t even buy into the stock market at all until my 24th birthday a few months ago. I look forward to catching up on your blog and learning a lot from you.
In the meantime, can you point me to a link or entry that explains what “shorting” means versus “buying?”
Thanks! I’ll be adding you to my Covestor contacts as soon as I get my account set up properly. :)
3lmsmith
February 19th, 2008 at 3:58 pm
Tim- I am assuming you are holding those shares overnight~
4timsykes
February 19th, 2008 at 4:10 pm
yup holding overnight, was tempted to take the 25 cent/share near immediate profit, but i want more on this one, 200 shares aint crap. i prefer playing lower priced stocks but this is one hell of a breakout
5Whiskeymac
February 19th, 2008 at 4:38 pm
I bought 1300 shrs of APWR at 17.80- I was waiting for it to break its resistance of 18.25 about mid-day. Didn’t break so I sold them at 18.10. In hind sight I should have kept them, but ….. crap happens….. was too worried about a reversal.
6Tony Ellis
February 19th, 2008 at 4:42 pm
I very upset that COIN didn’t make the CRAP LIST!
7Dave
February 19th, 2008 at 4:49 pm
Check out CAGC
8timsykes
February 19th, 2008 at 4:56 pm
COIN, SEED, NOEC and CAGc, all micro agris, all hav no dsicernable chart pattern. wait for the breakout
9Tony Ellis
February 19th, 2008 at 5:00 pm
In other words just have CRAP potential!
10timsykes
February 19th, 2008 at 5:01 pm
Business potential or stock potential? Two veryyyyy different things. I just buy breakouts, it gives me the best odds of success
11Joey
February 19th, 2008 at 5:07 pm
Tim, great post as always. Thanks a lot!
Let me know when you get to Switzerland, I owe you gallons of beer!
12Dave
February 19th, 2008 at 5:12 pm
CAGC is moving on the 2008 guidance that they gave today…volume backs up the move…hopefully can push past the 200
13Tony Ellis
February 19th, 2008 at 5:18 pm
CNOA has the best name in agris. This stock got to get some love with such a catchy name.
14Whiskeymac
February 19th, 2008 at 5:19 pm
So Tim, Why not SWC? (other than its CRAP!) Do you consider this a breakout? Technically it went through all resistance…. If not at what point would you consider it a breakout
mac
15timsykes
February 19th, 2008 at 5:22 pm
SWC not even close to being a breakout, lots of resistance in the $19 range and then if u go back a few years, all the way up to $40. and its NYSe–meaing its not as crappy. and its a metal play. not my kind of stock AT ALL
16rich
February 19th, 2008 at 5:25 pm
Tim your just mad b/c you got burned
17timsykes
February 19th, 2008 at 5:27 pm
haha when have i ever been burned by any of the companies? u naively optimistic twit, out of the tens of thousands of penny stocks I’ve seen/played only a handful have ever stayed in double digits. CPHD and BOOM, thats it. everybody lies in this sector, i’m gonna make sure people know it
18David K
February 19th, 2008 at 6:23 pm
Hey Tim , Saw your post on APWR, I agree , see my post on yahoo finance , I posted right before your post , I see APWR hitting 20 easy and if you have the @#$#@$@ to hold on then 22 .
19Sizman
February 19th, 2008 at 7:00 pm
Tim
CSIQ got upgraded to buy from Bank of America as well as Piper Jaffery in the last 2 weeks. They guided to 650m-750m in revenue in 2008 while their market cap is 600m, seems invexpensive at these levels.
20timsykes
February 19th, 2008 at 7:08 pm
LOL, inexpensive at these levels!!!! Who cares what ANALysts and companies say, they’re all BS artists. Yes, it influences the stock price but only for so long. I’ll wait to buy if it proves it can make a new high, until then its all dead cat bounces
21Sizman
February 19th, 2008 at 7:15 pm
so dont buy unless it can go through $32 on volume?
22timsykes
February 19th, 2008 at 7:21 pm
correct and even if it breaks $32, I gotta see how it does it considering breakouts arent easy in this market. Not that I think it’ll get to $32 anytime soon
23Sizman
February 19th, 2008 at 7:31 pm
Yeah I agree, buying breakouts is tough in this market.. I wrote my strategy based mostly on Livermore/o’neil. only reason I was asking is I made good money off of CSIQ and luckily got out before the big dump, but thought it was to good of a value based on guided sales of 650-750m in the teens and picked some up at $17.50.. Best of luck to you
24Bill
February 20th, 2008 at 12:05 am
Get your crap straight. There are hundreds of sub $10 stocks trading in double digits for more than a year. Think of all the crap commodity stocks from a few years ago. HOC, KGC, etc.
25timsykes
February 20th, 2008 at 12:18 am
LOL, of course under $10 stocks go up, but you’re talking about real co0mpanies. not the ones i play, i plays frauds. i play manipulated POS. rarely ever any NYSE. get your crap straight, no real companies here, i deal in pennystocking!