Previous Post
Next Post

A Solid Trade Executed During A Live Radio Interview

Posted by timothysykes on Mon 3rd of Mar, 2008 08:37:24 PM
  Tags:

TIM $16,140, Up $134

I didn’t expect any trades today, but when COIN appeared in Barrons recommended by some “guru”, PennyStocking was on (crap company + fluff news + predictable chart pattern = my kind of play)!

If you’ve read this blog over the past few weeks, you know this stock and I don’t get along at all—I’ve had nothing but losses (which I cut quickly) trying to pick its ultimate top. I think it’s a horrible company, but the pumpers are deep and knowledgeable and when they managed to break the stock above a multi-week base between $9 and $12, no matter the hardcore research and anticipation of a double-top at $14, smart were the traders who switched off their emotions and adopted a long bias.

ooocoin

When I saw the news this morning followed by a quick run up to the high $13s, I posted about it on a new thread in the FORUMS dedicated to short squeezes. But, like oft-breaking out sketchy company YTEC, I wanted to make sure this stock broke out before buying. As foretold to me by several failed breakout attempts over the past few days—2 failed big time breakouts today alone—I wanted the stock to break $14.50 before buying, preferably into the market close to scare those determined shorts overnight and create a morning spike tomorrow.

Unfortunately, I had an hourlong radio interview on Voice America Business Radio
scheduled from 3-4PM—prime time for a potential COIN run into the close. I was comforted by the stock’s failed breakout attempt from 2-3PM, so while I kept my trading software open just in case, I expected to focus solely on the radio interview.

The interview was going particularly well when around 3:40pm COIN started acting up around $14.40, so at first, I tried to ignore it, but the buying volume was strong, so as I talked, I bought 300 shares at $14.49. It was a perfect breakout over multiple time frames: intraday, weekly and all-time, the perfect self-fulfilling prophecy destined to take it even higher. I even stopped the interview to detail all this because it exemplified the kind of patterns I look to trade.

Listen to whole interview here!
[audio:http://www.timothysykes.com/wp-content/themes/TimothySykes/audio/goodman030308.mp3]

Going into the market close, my thesis proved correct as the buying volume remained strong, short sellers were panicking and the stock closed higher at $14.74. Definitely click that link above and listen so you can understand my strategies better.

UPDATE: I wanted to hold this position overnight, but I got a call about an important morning meeting tomorrow so I sold after-hours at $14.97, for a solid $140ish profit. Too bad, I wouldn’t be surprised to see the stock surge to $15.50 or maybe even $16 tomorrow morning, but unless the volume can really remain strong—think 5 million +—it’s gonna be tough to hold those kinds of gains. Whatever the case, I def. wouldn’t short this anytime soon.

Spread This Post:
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • MySpace
  • StumbleUpon
  • Technorati
  • TwitThis
  • Yahoo! Buzz

TIMstore Monthly DVD Specials:

See all TIM DVD specials HERE

Related Reading

Previous Post
Next Post
  • Keller
    Tim,
    You had a small profit with COIN, then a loss and now a profit within a 30 days period. Just wanted to know will this type of trade is considered as a wash sale on your tax next year? And also, when you file your tax, do you have to enter every single trade or all with total cost price and total sale price stating "stocks various" on your tax form? Just wanted to know the facts regardless of whether you care about wash sale or not.
  • timsykes
    no idea, i have my tax guy handle all that stuff. i don't want it to influence my trading at all. COIN's a slippery microcrapper, add that to my lack of discipline and u'll see some good trade and some bad. today was a good one
  • lmsmith
    Tim- about time you went long on this.........
  • NeilTheRealDeal
    hahaha at exactly 43:40 the advertisement on that radio interview plays the part from Happy Gilmore's "Happy time thoughts" love it. This interview was awesome! Whole hour with Tim.
  • Ilan
    any one play the SEED
  • lmsmith
    Who is making money today on COIN??? Jump in!!!
  • Dan
    AGIX Buy it its going again today
  • KS
    Tim

    Why do you hate the exact kind of trader you are? You are a scalper. Selling for 20 to 30 cents here and there profit or loss is a scalper in my book. Nothing wrong with being that if it works, but I don't understand why you always say you hate scalping.

    timothysykes
    Administrator
    Registered: 2008-02-17
    Posts: 179 Re: COINu can play it however u want, i wait for the ranges to break before i enter. i hate scalping!
  • timsykes
    I did not scalp COIN, I had an important meeting this morning! Ideally I could be a full-time trader, but my goals are to teach people now. Who cares how I did with COIN, I've been talking about the breakout at $14.50 for weeks now. THE KEY IS IT WAS PREDICTABLE
  • Scott
    Tim,

    Why is there so much hatred for you on EliteTrader? Seems like all the so called voices of reason and experience over there really have a problem with you and question your honesty and ability to trade/teach. They do respect your ability to self-promote.
  • timsykes
    PS Since I have such a small account and I really need to get over $25k, i'm being extra cautious. u'll see me hold for days as my assets grow and i can afford to take some risks without losing day trading ability
  • tsa
    I am long on HNAB today
  • Stan
    my positions are full, but doesnt COIN looks good to short? its taken a small tumble from morning highs. momentum probably on the short side
  • timsykes
    coin is a doubly confirmed breakout, where is your short gonna go, u might make $1 u might lose $1, no edge in shorting this strong a pattern. its really only gonna tank $2-$4 when theres much less volume and the chart looks like its rolling over. for now its just a stock fighting lots of demons, its pathetic that it cant really breakout with this strong a base and i think it goes back to how shady the company is, aka shorts aren't panicking, they're just adding to their positions
  • Ilan
    SEED will pop soon
  • Stan
    yea i shorted RYL @ 27.40 right now and as soon as I did i saw COIN drop a to a dollar off its highs and now even some more. its too hard to play COIN anyway, id just throw it up in the air for discussion
  • timsykes
    gartman now lightening up on COIN, who lightens up into a perfect breakout...what a pump and dumper, this calls for a blog post!
  • Gary
    This stock is strating to fit the model. Up like 200%

    STEN

    Keep an eye on it.
  • timsykes
    STEN, gary look in the forums, i posted why it does NOT fit the model--namly too low marketcap, solid earnings
  • lmsmith
    Coin is a pump and dump stock- I played it early in the morning- and only held for 10 min or less, because it goes up real fast..... I am glad I got out at $15.57 today- a quick $200 gain...... Because I swear after 10:30 this stock is knowing for down trending... just look at it now.
  • Gary
    Tim, Sorry...After I hit send went over to the forms and saw it there and read the whole post.

    Sorry for the double post.
  • Scott
    Tim,

    Any comment on my post above concerning your rep. at ET?
  • timsykes
    i dont pay much mind the haters--especially on ET where nobody ever loses money (even though in reality 95% of traders lose, aka these cowards are ashamed of posting the harsh truth)--because everyone and i mean everyone in this industry hides behind aliases and lawyers. i lay it out all out there, u wanna attack me, fine, but be prepared for me to defend myself cuz i got nothing to hide. some people think my "its sad that honesty is a revolutionary business model in finance" line is some arketing thing---how can honesty ever be confused with marketing?

    all i know if that this pennystocking stuff works, i'm not great at it and i think i can teach others to do better. all be resolved eventually so lets see what happens. so far, i've been proving my ideas nearly every week while ETers just trash talk and blah blah, not worth wasting my time on losers
  • Whiskey Mac
    feckin long COIN... I'm down $1.20 on COIN. Afraid to let go thiking it might crawl back in the next day or so.....
  • Aegir
    FINL >> any comments on that one, has been a nice climber?
  • timsykes
    COIN IS A PUMP AND DUMP, I'M WRITING AN ARTICLE ABOUT IT RIGHT NOW. IT COULD BOUNCE, IT COULD NOT, THE PREDICTABILITY IS VERY LOW RIGHT NOW
  • The Barber
    THIS COIN ANIMAL IS JUST RIDICULOUS... WHO EVER IS LONG THIS STOCK IS GETTING SET UP FOR A CATASTROHY.. I ALMOST GOT SQUEEZED OUT TODAY BUT HELD,, HOLDING THIS SHORT FOR THE NIAGRA FALLS CHART.. LETS SEE HOW THIS PLAYS OUT.....GOOD LUCK LONGS. A LOT OF MINIPULATION GOING ON HERE...HMMMMMMMMMMMMMMMMMMMMM.
  • The Barber
    ANOTHER HIGH FLYER THAT MAKES NO MONEY.. I DONT CARE HOW STONG THE AG SECTOR IS... FIGHTING THIS PUPPY TO THE DEATH...NOOOOO MONEYYYYYYYY.................DIE
  • The Barber
    TIM DO U KNOW WHEN COIN COMES OUT WITH EARNINGS??
  • lmsmith
    This best way to play COIN (IMO) is to buy in the a.m about 9:40 hold for 10 minutes, and dump.......no need to stay long after 10:30 this stock can easily take a turn...I have been playing this for months...and it acts the same way.... now, shorting it and getting squeezed...that is not my thing.... good luck to the Shorts on this one
  • JMAN1234
    Yay, Timmy made $140!!!! Oh my god, monster day dude. You are a hitter!! Piker
  • KF
    stuck my claws out today. SWC = game over.
  • Stan
    good analysis imsmith, this is the only repetitive pattern that i see tooo. this is most true the morning after it had a great day and hits a new high.
  • COINZMASTER
    FINAL WARNING SHORT COIN AND GET BURNED BY WHAT IS CALLED ALPHA WE ARE THE HIGHEST IN THE WHOLE MARKET GO LONG OF COIN AND NO GARTMAN DID NOT DUMP COIN!!!!!!!LONG ALL YEAR COIN COINZ SOLD W'S{NAKED SHORTS CANT STOP THIS MONSTER PLUS FLOAT IS TRADED IN LESS THAN A DAY!$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$DO DD ON GLOBAL WARMING/KYOTO THEN TALK!!!!!!!!!!PLUS WE MIGHT GO ALL ORGANIC IN 5-10 YEARS


    ==================================THE BEAR TRAPPER==================================
  • timsykes
    JMAN, aka typical snobby finance scum, the $140 does not matter, its the process. i could take on that same pattern with 1,000 shares, 10,000 and even 100,000 shares. its still too funny to me that the scum in this industry have such trouble understanding what i'm doing here. i guess greed really does blind people, sorry man, i don't envy u
  • Yordan Daskalov
    What do u all think for AGIX
  • Aegir
    AGIX , is holding a nice gaine, up 14%.
  • Gary
    Why does everyone think they need to SHOUT in every comment they post in your comments segment, low IQ?
  • timsykes
    swc, damn that chart is a tempting short, might just grab a little bit overnight, we'll see how it acts
  • lmsmith
    TIM forgive him- JMAN rides the yellow bus
  • lmsmith
    swc- humm I am tempted to go long.... I am the opposition... onyl because it was up all the other days, except today- perhaps it might recover tomorrow-
  • KF
    It was up all the other days? It doubled in a month, because of the palladium trade. But it's still the same shitty mining company. Say hello to 16.14.
  • You mean short bus? Long AGIX for now.....
  • JMAN1234
    Its not the money, its your inability to see that you suck at what you do and are going to drag down these idiots who think you know what you are doing. The problem with Finance is that people don't do their homework, they listen to tools like you and Cramer.
  • timsykes
    haha i admit every day i'm not great at this! learn to read buddy. buuuuuuuuuuuuuut even though though i'm not great, i can still trade and make money, which makes me better than 95% of traders out there. and more importantly, i can teach this stuff to others to do better than me. they can avoid my mistakes. my faults. like archie manning, he never even made it to the super bowl and now look at both his sons. c'mon JMAN, what else u got
  • Aegir
    COIN >> NIUCE BOUNCEEEEEEEEEE
  • timsykes
    in the voice and mannerisms of Robert Di Niro, "You Got Nothin'!!!!!!!!!!!" you moron haters forget that I expose, detail and even celebrate all my shortcomings and mistakes for all to see and learn from. people can learn form my mistakes, from my successes, from everything,

    again I say "You Got Nothin'!!!!!!!!!!!"
  • JMAN1234
    What do I have? A rollie, a benz and reservations at Daniel for 8, come on by I'll buy you a drink and teach you about trading. Unless of course you are trying to pick up nickels all night long
  • COINZMASTER
    NAIL COIN EVERYTIME LOOK AT PPS WHEN I POSTED NOW LOOK AND SHIT YOURSELF SHORTY BUYIN IMMENIENT ALSO WHY DID TIMMY NOT GO LONG OF COIN AT 4$?OR COINZ AT 2$ TOLD YOU TIMMY POO LOL


    =============COINZMASTER===============
  • lmsmith
    THE BARBEr??? How are you doing- I know you are hating COIN right about now


    p.s I mean yellow- I guess in Mass. the yellow bus are for the children.
  • timsykes
    haha JMAN, i thought it wasn't about the money? i hate all those cars, you're just polluting and PS Daniel sux. its a stuffy POS restaurant, i've been there too many times unfo0rtunately...but if u had any taste, u'd know that. instead, you're a classic wall streeter, who thinks good living is all about big spending. U HAVE NO SOUL.
  • When will IDMI crash land again? Anyone go long this morning?
  • JMAN1234
    Oh ive got soul Timmy. Ill think about you when Im poppin bottles down in Brazil next week and you are in your burnt up apartment tryin to make another hundo. Its not about the money?? YOu were on WSW braggin about how much loot you were makin, I guess its not about the money when you lose it all. Cop out
  • The Barber
    DONT LIKE IT BUT IM STILL HOLDING
  • Ya, i'm not a huge fan right now.......
  • Short Bus= Slow Children...kids who wear helmets like JMAN's mom put on him, forgot his mouthguard though...
  • timsykes
    teaching is simply more fulfilling and given the lack of scalability of my strategy, this si best business decision i could've made. have fun in brazil, but do NOT doubt i'm having a ton of fun doing what i'm doing...
  • lmsmith
    to each their own- tim you know your reasons- screw the skeptics
blog comments powered by Disqus




Start Here

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).

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.

Where Do You Find Stocks To Trade?

This is the #1 FAQ (see more HERE) and it is answered in THIS instructional DVD.

Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!

TIM Trades

View All
Date Stock Buy Sell Net
Nov 19 AENY $2.80 $3.02 $1148
Nov 18 NLST $4.16 $4.40 $947
Nov 18 IMGG $1.42 $1.64 $2094
Nov 17 NLST $5.04 $5.59 $2195
Nov 13 VRMLQ $21.50 $22.97 $2901
Nov 11 EONC $2.61 $2.80 $687
Nov 10 EONC $2.74 $3.36 $9784
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: $98,094 (681%)