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Posted 4 months, 12 days ago.

4 New Plays…Definitely No COINs…Not Yet Anyway

Tags: Potential Plays

Now that COIN and COINW have tanked a remarkable 26% and 40%, respectively, in 2 days, making me sick to my stomach for taking my wimpy little 8% profit, it’s time to move on to new microcrap winners (COIN is donezo for me right now, I don’t try to guess big rebounds, once the bottom falls out, bounces are met by constant bitter naive sellers who bought higher…once COIN settles down though, it’s a prime candidate for a slow multi-day/week bleed back to the single digits, aka destiny, sorry pumpers, you did your jobs well, lemme know what stock you soulless bastards move onto next, gratzie!)

boilerroom

There are thousands of microcraps and smallcraps out there, so how do I narrow my watchlist down each day? I just look for the most volatile stocks—namely those big daily % gainers—out there, ideally, those up on fluff news. Here are four that caught my eye over the weekend

Orbitz Worldwide (OWW)—reported pathetic earnings last Thursday morning, helping the stock lose 20%, cracking a 6-week base at $6. Summary: Business stinks. Their marketing stinks. Expedia is crushing them. Friday saw a little rebound helped by a typical Friday afternoon short squeeze into the market close. This one isn’t as volatile as I normally like, but if I can get a short off into any further spike, a 50 cent, or 10% drop seems likely.

SMF Energy (FUEL)—now that’s the chart of a failing company! Last ditch effort at financing announced last week aside, given these guys’ track record, it’s only a matter of time before they get back to their usual failing and the stock reacts in kind. A few years back, I shorted them after a big spike, now I’ll look to again, but keep in mind it’s not up enough yet and the marketcap is only $13mil. Lots of resistance at $1.25.

Fox Petroleum (FXPE)—another tiny oil and gas play, up solely on sketchy research reports. Read the latest report HERE. The disclaimer is too funny:

“SISM Research is being paid $1,750 per month by the company over a two-year period solely to ensure independent coverage.”

Welcome to the joke that is microcrap research and the reason why I’ll probly get killed one day.

Searchlight Minerals (SRCH)—sketchy startup metals microcrapper now with a $373 million marketcap and only 6 employees! They just did some financing back in January and February under $2, you can bet those investors are doing something to get the price up. When in doubt, expect the worst—that way you’ll never be let down! Judging by past spikes, it’s always been good to short into them, but be verrrrrrry verrrrrry careful, only $1 downside now, c’mon you private placement pinheads, get your stock up more so you can sell!

Since none of these look exceptional…yet…I won’t even waste your time or mine with their charts. Bad pumpers, do your jobs better and I’ll reward you by showcasing your work in my chart gallery! 3,000 daily visitors, and growing, trust me, get your stock up enough and I’ll make sure you the world hears about you!

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Related Reading

8 Pumped Up Stocks To Watch For The Upcoming Week April 13, 2008
Manipulation Monday: 10 Great Low Priced Stocks To Watch July 14, 2008
To Short Sell Or Not To Short Sell, That Is The Question April 22, 2008

34 Responses

1timsykes

March 10th, 2008 at 10:52 am

God, even though I’m not directly profiting, I am thoroughly enjoying this financial route, even lil trash talking ole me underestimated how screwed these companies are.
2Tony Ellis

March 10th, 2008 at 10:56 am

Might close single digits!
3Stan

March 10th, 2008 at 11:09 am

hey tim - after seeing the first few minutes of trading today you knew this thing was going to tank? why not get back into it and short again? why are u just giving up on coin so early?
4Joey

March 10th, 2008 at 11:14 am

Tim, what do you think of shorting ABK? Wait for a bounce or hang in now?
5timsykes

March 10th, 2008 at 11:16 am

i don’t short stocks 30% off their highs in 2 days, too much risk of spiking

ABK is in finance, see my forum post as to how i will play any and all financial firms
6be-the-ball

March 10th, 2008 at 11:42 am

tim,

unsolicited advice here.. your forums are too cumbersome. I personally don’t have time to sort through 50 to 75 different threads looking for interesting nuggets.

Look around at other blogs. Remember the shark tank. All had only one place for a continuous stream of posts. So much easier to keep up to date.

Personally, I would shut down the forums and encourage this comments section to flourish. Or maybe leave one or two forums open for newbie questions and the like
7Aaron

March 10th, 2008 at 11:42 am

Gotta hand it to the COIN pumpers. Inflating a penny company with no earnings and four employees to $17 deserves a trophy.

Their MB is a great study in crowd behavior too. When the next COIN comes around and posters talk about mortgaging the house and farm to buy more it’s a good clue for shorts.
85holeSAVE

March 10th, 2008 at 12:03 pm

TIM -
Loving the content recently it is ROCKIN - LOTS of good stuff for a newbie.

I read BTB on some other sites too, and respectfully seek to modify his comment above…

I agree there are a HUGE # of Forum divisions that might be consolidated, but for an anal(yst)-retentive info gatherer like myself, please don’t go to just one thread. I kinda see where you might be headed w/ it as is, so maybe it’s a case of 2much 2soon…
9timsykes

March 10th, 2008 at 12:09 pm

thanks for the suggestions guys, as u can see, we’re rolling out tons of new stuff, the forums are definitely not in their final state
10be-the-ball

March 10th, 2008 at 12:18 pm

5hole,

you are probably right, but there should definitely, IMO, be only one place for trading ideas, having a different forum for each stock is very cumbersome…
11Brian D

March 10th, 2008 at 12:30 pm

Still holding my 500 short shares of STEN that I bought at 5.25.
12Joe

March 10th, 2008 at 12:35 pm

Hi Tim. What do you think of OWW now?
13timsykes

March 10th, 2008 at 12:49 pm

brian tell me you’re short sten, not long. if short, great job holding. if long, have u not been reading this blog?

oww tanked perfectly, opportunity lost, too much crap goin on in my life, sux
14Ryan

March 10th, 2008 at 1:52 pm

What about CRDN?
15Eric T

March 10th, 2008 at 2:18 pm

Does anyone know why Gold prices are going higher while the US dollar slides even more?
16Eric T

March 10th, 2008 at 2:19 pm

oh shoot…I mean why gold prices are NOT going higher while the US dollar goes down even more.
17Matt

March 10th, 2008 at 2:36 pm

Declines in larger mining firms “have to do with a sell-off in the broader market. People are being forced to liquidate positions,” said Sean Brodrick, a natural resources analyst at Weiss Research. Hedge funds, forced to unwind position in convulsing credit markets, “sell what they can, not what they want to sell.”
source:http://www.marketwatch.com/news/story/gold-miners-steel-producers-copper/story.aspx?guid=%7B17E0D0AE%2DA7AB%2D48E3%2DB899%2D2E27077BE5F3%7D&dist=hplatest
18Brian D

March 10th, 2008 at 2:43 pm

I’m short STEN, played it on both sides. Wish I would of held on to DARA as well. Many of the big plays you mention on here I short then hold for a few days because they seem to do the same thing everytime. DARA and IDMI had been my big ones, but the STEN play just totally blew them out (can you say position oversizing?)
19Brian D

March 10th, 2008 at 2:45 pm

Wish I had oversize on DARA when it came to the long side I only managed to squeeze 10% out of my position on STEN whilst being long.
20Eric T

March 10th, 2008 at 2:46 pm

Matt - yea I read that article. However on bloomberg I read gold rises around the world. And they say gold is going to go higher.
http://www.bloomberg.com/apps/.....HxPhODrJQg
21Mavrick

March 10th, 2008 at 3:07 pm

Tim should have been a little bit patient to keep his COINW short position to cover at close today!!! But that is coulda, shoulda, woulda…..at least he can be little patient probably covering half or 2/3 of the position next time.
22Lisa

March 10th, 2008 at 4:35 pm

Timmy!!! your entry price for shorting COIN was good!!!!
just need to work on exit a little, and maybe add to winning position.
coin closed 10.79, coinw 6.4, coinz 5.9.
you would have made so much!!

I know you’re busy, so i understand that you can’t trade that frequent.
nevertheless, keep up the good work!!
23Trott Felipe

March 10th, 2008 at 5:06 pm

Best performance of Ben Affleck’s career.
24timsykes

March 10th, 2008 at 5:29 pm

yeah best entry of my life, worst exit, i’ll get it right eventually. for now, i’ll just pick em for u readers and u can choose to do with them what u like!
25SmallCapSlingshot

March 10th, 2008 at 6:02 pm

I think FXPE is up because of the run up in crude prices, not the research report. It doesn’t matter to me why it keeps going up, I jumped in last week.
26Golden Bull

March 10th, 2008 at 7:13 pm

Be very careful shorting SRCH, unless you like getting a hot poker stick in the ass. Do some DD, see who put the money in and try going out to the site, the neighbor area sold for 1.8 billion by RTP to ABX, I always love the guys who skim the top of the water doing Due Diligence, 10MM ounces + will be in the works and please leave your comment without deleting it piker
27timsykes

March 10th, 2008 at 7:44 pm

i love these people that drink the kool aid and actually believe DD matters to microcraps! keep drinkin, don’t read my blog, pleaseeeeeeeeeeee, we need you to profit from!
28Eliot Tader

March 10th, 2008 at 8:06 pm

Tim, you are a pathetic joke. Your book flopped, you were embarrassed in the NY post, and now this website. Do yourself a favor and close the site before further embarrassment strikes.
29Eliot Maker

March 10th, 2008 at 9:17 pm

Whoever you idiot Eliot Trader are, you snob even don’t have guts to have your own website, haven’t even been able to prove you made money or you can make money (that anyone knows of)!! I don’t know Tim personally, but his trading strategy is excellent (perhaps the trades are not that great simply because of he is little impatient as his exit point on several trades). You snob can never ever be like Tim, no matter what you wrote here above. BTW, Tim, you could have covered COINW much lower, perhaps using trailing stop or OCO and partial covering rather than being impatient.
305holeSAVE

March 11th, 2008 at 7:20 am

Couldn’t agree w/u more BTB - it’s hard for us newbies to understand where to put their questions about a specific pick / trade and not have it appear like a thread start on a real goer…
I think it’s going to pan out in the near future tho
Cheers
315holeSAVE

March 11th, 2008 at 7:26 am

HAHAHA just read ET-the-hater’s post….

Let’s see the color of your cabbage dude… back up your smack or get lost. If we wanted to read detractors there’s a million places we could look. OTOH - How many readers can say they’ve stacked some chedda because of stuff they’ve learned here?
32Living Off Dividends & Passive Income

March 11th, 2008 at 1:16 pm

what do you think about GENC and SPG?
33timsykes

March 11th, 2008 at 1:58 pm

i think neither chart is clean/predictable, avoid
34Joseph

March 11th, 2008 at 4:09 pm

Eliot, stop hating! He posts his trades even before he executes them.