No Trades But A Fun Financial Video Montage!
Posted by timothysykes on Thu 6th of Mar, 2008 12:13:13 PM
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No trades the past two days—all my potential PennyStocking plays—COIN, SWC, CPST and STEN—have let me down in some way. COIN, I want a bigtime breakout, but it’s just messy breakout after messy little breakout, up a hardfought $2 over several days (although its continued strength on decreasing volume signals a potential Supernova pattern), SWC takes out $20 every morning but then bounces (until one time it won’t), CPST is up only 15 cents on a perfect breakout AND contract news and STEN, which I hoped to spike big in order to short into the absurdity, did to $6, but I couldn’t find shares to short! (now at $4, it’s tough to watch a $2 drop from the sidelines).
And then there’s the spam stocks like SOIGF, whose positive news helped it breakout into the close yesterday, but remembering how I made tens of thousands of dollars on it last time—by shorting into their seemingly endless spam promotions—I hesitated buying and have now missed out. The stock gapped nearly 20 cents to $1.40, now at $1.80! Damn stupid TIM, gotta get more comfortable buying spam stocks like this on strength. (Another spammer, MXFD, could soon be a good short)
This game might be hella fun and profitable, but the obstacles are many. Lots of plays come close to perfection, but unless all—and I do mean all—the variables are aligned, high-percentage, low-risk profits you shall not have. The lack of liquidity, shortable shares, difficulty in getting comfortable trading spam plays and truly perfect chart patterns are why pro traders stay away form this niche. The good news is that when the time is right, there’s really not much competition, other than naïve suckers and hype-hype-hyping stock promoters (chill out guys, website traffic and product sales are waaaay up, I’m well on my way to popularizing this stuff, we’ll get you your increased liquidity, please, please just gimme some more plays so we can really break into the bigtime!)
For now, I console myself with this financial video montage:
How ridiculous is this commercial?
This guy thinks my strategy has potential and excuses my personality since I’m a New Yorker. Right on, dude!
The first WallStrip!
Normally I avoid clicking on ads, but I saw one on Dealbreaker that led me to this video:
Why the hell is this guy advertising?
An oldie but a goodie, me and the 7th Heaven star:
Now you can Twitter any questions/comments to TIMhelp and obviously you can follow TIM on twitter too!
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TIM Alerts
View All| Date | Stock | Position | Ideal Exit | % Gain |
|---|---|---|---|---|
| Nov 24 | KVHI | Short | $3.70 | 18% |
| Nov 20 | STSX | Short | $3.10 | 11% |
| Nov 18 | PERY | Short | $3.75 | 25% |
| Nov 11 | IIJI | Short | $2.80 | 5% |
| Nov 6 | CVI | Short | $4 | 15% |
| Nov 5 | MECA | Short | $1.95 | 51% |
| Nov 4 | CVI | Short | $4.81 | 4% |
| Nov 3 | NAK | Short | $3.20 | 5% |
| Oct 29 | EVC | Short | $2 | 26% |
| Oct 28 | HSNI | Short | $6.80 | 7% |
| Oct 28 | HSNI | Short | $5.75 | 4% |
November: 9 alerts, 15% avg gain
October: 11 alerts, 14% avg gain
I think Coin is going for $20———– serious pumpers…… every day it;s hitting a new $1….. just hit $17 and some……………..
seriously who’s brave enough to be long COIN here? not me, i’ll just wait for the ride down, whether that starts soon or later
Tim check your facebook inbox
What is your take on FEED, seems like it did not buzz down with DOW “-”ve 200 points, there might be another spike up as you said these craps don’t follow the market suit. COIN is the king right now, but I am afraid it might roll over to downside when it hit $17, just guessing. But I like to buy GS here, if market stressed out big.
FEED is crap, couldnt breakout. GS is crap, never buy any finance company in times like these.
Tim, which web company provides the comments section for your blog? I like it. How do you manage spam or offensive comments? Thanks,
Did anyone short SMSI today?
I was just up in boston the last couple of days and happened to visit the coin facility… It must have been the most ridiculous operation I have ever seen. Its two ran down warehouses and a small shady looking office building..lol I should of took pictures..Ill get them from my brother who lives there.. Tim will u post them??
hell yes, get your bro to take pics and send them to me, i’ll do a whole feature on it
COIN…I sold before the close @ 16.60. No way I hold overnight. I think this will move sharply, but it’s a coin flip for which direction it will be.
Wait to post negatives until COIN ripes to fell apart and post your negative article and pictures!! Let it spike up first and then we’ll have our feast together with COIN.
Does anyone know why COIN is gapping down so much afterhours??
maybe not
http://www.youtube.com/watch?v=Gmj7IUyTe7Y
Funny there is a youtube chart on coin- the analysis was done 2/14/07
How are you all going to find shares of COIN to short?
plenty o shares to short of COIN every day at Thinkorswim,,,,for now at least
but with a chart that strong it doesnt mean u should short the now…or any time soon…until it starts to show a breakdown
$$$$$$$$$$$$$$$$$$$$$$$
I LOVE COINZ COIN AND GENC!!!
TOLD YA
====THE BEAR TRAPPER====
Teach us a lesson when is the right time to short this COIN pig? You mentioned to short when it spikes big time, and after the first day of turning red. But that example in SWC didn’t help, Tuesday SWC bleeded, I shorted at the close and only to cover losing some money on SWC swinging upside (a fakeout). Then today 14% down with the bad news. So, how to avoid similar situation? Besides, COIN is trickling up with more than 2.6 million volumes everyday. What are the signs you will be looking at it to short? Okay, how to determine the volume is right to short? Anything else we should be careful about? Thanks.
search for the term “afternoon fade” in my blog posts about when to short a stock like COIN. or into a ridiculous spike. there’s no formula, u gotta play it by year. SWC acted weird cuz it’s a metals play, thats why i avoided it.