Sykes’ Saturday Seven: March 22nd, 2008 Edition
Posted by timothysykes on Sat 22nd of Mar, 2008 03:16:05 PM
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Techcrunch might be right about Inspectd.com being fun and addicting, but it sets a very very very very very very very bad example. The problem lay in the fact that pattern recognition is only part of the game, you also have to understand the variables that align to CREATE those patterns. Comparing a 100% one-week stock price jump based on a positive earnings report—meaningful, further strength likely—is very very very very very very very different from the same kind of jump based on two ANALyst upgrades and a newsletter mention—hype, reversal probable. Exemplified by the pic below:
Check out THIS sweet 20 minute podcast talking to some other traders
Also check out THIS interview I did, chastising those pathetic people who can’t pay their debts
Be sure to visit some TIMlinks, I visit the top 5 regularly cuz they’re actually good
Have you seen the new JPMorgan/Bear logo? IT ROCKS! (gratzie Lindzon)
Trainee Trader not only won my FREE PennyStocking DVD package giveaway, but he’s also ranked lots of finance blogs based on their readability
WHY Tracey Coenen, whose book about uncovering frauds I’m currently reading, is in love with me…awwwwwww
UPDATE: Die Duke!
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
Also wanted to link this article from thestreet.com on NEON’s cool little touch screen phone:
http://www.thestreet.com/_yaho.....;cm_ite=NA
the stock has been crap for a very long time and i won’t buy it until i see some volume, but its on my watchlist for a possible ZVUE-type pump
are you saving some good intraday charts to really detail some trades for your next book? that would be awesome!
nice interview & great advice for people in debt! I couldn’t agree more!
Hey TIm, I saw you had MALL on you “Stock Watching List”. What so you think of VVTV? They have pretty much the same chart pattern.
hi tim
whta do you think about the financial system in us troubles are over?
BUY SKIP SELL is now burned into my retina’s
Yeah, there are a lot of other factors that come into play with trading - but I don’t think it sets a bad example. I think it is a good tool for recognizing trends in charts.