Stock Market Opportunities Come And Go Quickly aka Always Be On The Prowl
Posted by timothysykes on Tue 25th of Mar, 2008 01:54:54 PM
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No trades today, just a review of all the microcrap happenings…no matter how hungover or how many meetings/chores/classes you have, always always always review and prowl the landscape for potential opportunities
Isn’t that pretty? Awww almost as pretty as VVTV, MALL and HALO spiking at the open, now up just a little, breakdowns still possible, but justifying my decision to cut my shorts so quickly yesterday…little losses on the screen/website aren’t pretty, but they’re prettier than big losses kinda, more short sellers should learn to trade so scared…maybe then the category as a whole wouldn’t put up such god awful numbers all the time!
Lots of little microcraps surging today….good…yesterday I asked the market gods to give me some stuff to short and it looks like they’ve complied…solars and agris all getting warmed up: SOLF, ASTI, AKNS, CSIQ, the whole COIN family—COIN, COINW and COINZ, TITN (getting close to an all-time high breakout), SEED, NOEC…basically every stock I detailed in this article about agris and my now classic post about solar stocks, Solar’s Eleven
No, I’m not buying them—I don’t buy random 1-day price surges, I buy breakouts, meaning all-time high breakouts (and no not CALM, it’s waaaaaay too pricey for little Tim, what am I gonna buy 100 shares?!?!?) But I am glad to see the beginnings of something I might short into…for now, I stay on the sidelines, working on the much talked about but little shown TIMtv and TIMradio…two projects that will be in your face when my new websites—yup, another new site—goes live on my birthday April 15, 2008…get ready to take financial to the next level….think thestreet.com + Facebook or fool.com but good
Also, check out my two latest sponsors, GFT Forex, who deal in, yup, you guessed it, forex trading (the most liquid market in the world, aka something where there are always plays and leverage galore) and a FREE Pennysleuth Report featuring 3 stocks apparently poised to move 300% (somebody sign up and tell me what stocks those are so I can look to short into that kind of move, LOL)…two verrrrry different examples of all the fun financial niches in which you can try to make some loot
PS Also keep an eye on 2 microcrap biotech plays BPAX and VION, potential shorts there too
PPS I can’t stop Twittering, this junk is gonna be huge
UPDATE: BPAX closed strong, 2nd big up day, tomorrow’ll be interesting…SEED got mentioned on CNBC, spiked 50 cents, I played it safe, stayed away, stop dropped 50 cents…coulda woulda shoulda…gotta laugh at this simplistic thestreet.com article about it, saying today’s rise is due toMonday morning’s PR, yeah right! More like today’s an agri momo day…but they can’t print that…classic misinformation, aka opportunity/inspiration for my site
UPDATE 2: Shorted 1,000 VION at $2.43 into a nice weak close…other than the manipulative painting the tape some desperate long did when he bought 100 shares at the close, lots of sell orders, gotta love that chart with a recent 1-10 reverse split, drop got steeper after their last “earnings” report…practically spells out THIS COMPANY IS FAILING FAST…goal is to hold to $2-ish
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
SEED just mentioned on CNBC, up another 50 cents now, typical…not shorting it yet, could be a nice squeeze for early shorts just like when COIN was mentioned a few months back
seed has earnings tonight or tomorrow. tanked 30% on earnings last time
ah SEED 45 cents off its high, doesn’t pay to play it safe…this time around
What do you think about (BPAX)?
What about your previous pick, CEGE? Starting to move back up again…
bpax, i updated in the post, watching it, CEGE, who cares, its barely up, boooooooooooring
Tim-
I know you cover Penny Stocking and Micro/Small “Craps”, but I’ve been watching you trade for years, so I’m sure you can offer an opinion outside the box. I’m looking at STP. It’s part of my retirement portfolio and it’s gone OFF for big gains the past 2 days. I know you’ve had your fair share of plays with Chinese stocks/Solar Stocks, so what’s your take on the last 2 days boom with it? Is it a good one to short? buy? watch? It’s wayyyyyyy of the highs.
Sorry if the comment is outside your discussion… your blog has upped my interest in the market exponentially.
Eddie
I actually randomly got a call today from some guy at Paulson Investments trying to get me on board for COIN. He claims they are opening plants starting in May with 3 or 4 plants by the end of the year, each plant will do 500 tons of product, $44 million revenue, 60% gross plofit. Some other stuff about a big announcement of them signing on some large partner or investor is due soon - likely by the end of the week. Not sure if anyone else has heard of Paulson but he’s predicint $25/sh by the end of the year and $50 in the near future.
stp, i like this solar bounce, but i like taking profits more…then again, i’m uually too early, so take it for what its worth
COIN, sure, big things can happen, i’d love for it to breakout big, but NEVER LISTEN TO BS PRICE TARGETS
damn is anybody else having problem with the comments section here or is it just me?
no prob here
WHO SHORTED GENC AND COINZ AND GOT RAPED?
Tim,
How do you search stocks? using stockcharts.com? I am still holding HALO..crap stock..why director buying stocks .. they buying at cheaper than market price….but it is enough to hold stock price..
no problems for me with the comments
I have made HL my bitch the last two days, and honestly it sounds so retarded but it worked. Played HL from both ways and sold once it hit the bollinger bands and went long after, may sound stupid and simple but its a play that actually worked. Thinking about going long on CEF since it’s starting to show a bit of prowess again, I’m on the ropes.