Screw April’s Fools Day: There’s Work To Be Done, No Time For Jokes
Let the clowns have their fun, this isn’t a game, it’s business. Leave the gun, take the cannoli. No mercy. No compassion. No trust. Only profit. Quicker you learn that the better.
Today looks like a higher open, good—all these broker/bank peddler scum are announcing mammoth losses, but even they can’t screw up what’s turning out to be a perfect bottom at Dow 12k. To be more exact, a solid hold of Dow 11,700—the former 2000 high it took us 7 years to breakout of. Can you say perfect retest? Maybe too simplistic, but simple works. I’m just happy I bought VWELX in my retirement account a few days ago.
Here are some microcrapper runners, none of which are nearly as perfect or multi-day as yesterday’s batch, but let’s give em a chance to see what they can do. We’re equal opportunity short sellers here…
(NEON)—which I summarized a few weeks ago
(NCST)
(PMII)
(OWW)
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 23 | MKTY | $4.73 | $5.40 | $187 |
| July 22 | MKTY | $4.10 | $4.28 | $240 |
| July 21 | ZYXI | $3.03 | $3.18 | $130 |
| July 15 | MNLU | $6.37 | $6.73 | $340 |
| July 11 | IDAE | $2.27 | $2.49 | $630 |
| July 8 | ERII | $11.29 | $11.00 | $162 |
| July 3 | TGC | $2.14 | $2.39 | $471 |
| July 2 | HYGS | $2.15 | $2.29 | $260 |
| July 2 | TGC | $3.44 | $3.49 | $80 |
Total: $22,457 (
81%)
1Ju
April 1st, 2008 at 8:25 am
CVSC, been riding it up since the drop. double top soon around 2.50?
2InvestorsLive.com
April 1st, 2008 at 8:26 am
Tim ASTI on major radar up huge.. yet again +1.00 major squeeze hoping to nail this on the short side.
3InvestorsLive.com
April 1st, 2008 at 8:28 am
LEH up huge this morning even after the announcement last night about convertibles - seems like last night’s after hours was a ploy to add to the squeeze this morning.
ASTI watch for the short above 17.70
4Gary
April 1st, 2008 at 8:38 am
…COT look bearish at the start. Low opening volume!
5timsykes
April 1st, 2008 at 8:45 am
forget COT, i’m out at 3.61, i don’t like the big buy blocks, bad risk reward here, too slow moving, $130 loss doesnt hurt much
6InvestorsLive.com
April 1st, 2008 at 8:47 am
Tim Speaking of April Fools did you see Google’s joke?
http://mail.google.com/mail/he.....index.html
I just re-sent an e-mail to my broker that I wanted to buy 1000 shares of GOOG at IPO!
7timsykes
April 1st, 2008 at 9:08 am
HYBR big morning dump, d aaaaaaaaaaamn
8timsykes
April 1st, 2008 at 9:14 am
COT 20 cent drop, tried shorting 2k at $3.55, my order gets rejected, looks like i have negative buying power–all my recent trades catching up to me….F%^$en day trading rule, just u wait SEC, i’m gonna make sure u see how ridiculous it really is
9tsa
April 1st, 2008 at 9:14 am
Short COT at 3.56 cover at 3.44 ;-))
10timsykes
April 1st, 2008 at 9:16 am
why cover COT, now its cracked, clear path to 3.25ish, godamn the SEC!
11tsa
April 1st, 2008 at 9:21 am
I cover because it was a fast long red candlestick, now I will short again but just some cents above my exit point.
12Gary
April 1st, 2008 at 9:21 am
“forget COT, i’m out at 3.61, i don’t like the big buy blocks, bad risk reward here, too slow moving, $130 loss doesnt hurt much”
…you need to show the love when love is due! Why are you playing COT now?
13VIJAI
April 1st, 2008 at 9:22 am
Is REED on the pullback area poise to move back up or back to square one? How about AUY?!
14timsykes
April 1st, 2008 at 9:25 am
gary–u think COT is hard to spot, c’mon, i’ve been doing this for a decade
reed has too little volume for me to even look at, auy is a commodities play, i don’t touch that crap
15GabeC
April 1st, 2008 at 9:26 am
Whoohoo got a nice short on WH and my GU short still keeps going down. Thanks for the ideas Tim. The DVD rocks and it really helps. Now just how long to ride them for. hmm..
16VIJAI
April 1st, 2008 at 9:28 am
ASTI seems to be a good ride. SHORT just a bit ago and its going down.. What do you think is the exit point? I see $15.59
17Gary
April 1st, 2008 at 9:33 am
Tim- I have been doing this for A FEW MONTHS!!! You have nothing on me!
j/k - Dont get your panties in a bunch! It’s funny how the market works. You can say one thing one way, then have to be read to play it the other way! Learning from YOU!
It’s all about the Money!
18GabeC
April 1st, 2008 at 9:38 am
So pissed this morning, tried to put on as ASTI short on the dollar jump and the scottrade platform was “experiencing problems”. What a piece of crap. Im switching to SOW.
19VIJAI
April 1st, 2008 at 9:39 am
Gabec, I use Scott and don’t see any problem.. Whats your exit on ASTI if you short it ?!
20timsykes
April 1st, 2008 at 9:41 am
yah Gabe, switch over, I promise u won’t regret and tell em i sent ya!
21tsa
April 1st, 2008 at 9:41 am
Reshorted COT at $3.48 ….. just wait now ;-)
22GabeC
April 1st, 2008 at 9:46 am
Thanks Tim. I will. VIJAI , well tim’s the expert but ASTI seems to me anyway like a good short for the next couple of days unless it closes high then time to jump ship.
23VIJAI
April 1st, 2008 at 9:48 am
Gabe, I know TIM is the expert and busy guy too Since you are playing the game, i thought you have the game plan to exit. So just checking with you.. Whats expanation of SOW btw?
24Mike
April 1st, 2008 at 9:51 am
Tim, what do you pay to borrow these micro cap stocks, aka microcrappers? What interest do you get on posted margin with TOS?
25timsykes
April 1st, 2008 at 9:54 am
i pay nothing extra to borrow shares–no matter the broker, i never have, it’s a myth…interest isn’t more than a few dollars/month. welcome to beginning to understand how much BS misinformation there is out there
26GabeC
April 1st, 2008 at 9:57 am
Hey VIJAI no prob. Anytime. SOW is whoops TOS. thinkorswim trading platform. my mistake.
27neswick
April 1st, 2008 at 9:57 am
ITMN is up 20+% on phase 1b results, might be a good short later?
28steve
April 1st, 2008 at 9:58 am
I found out last Friday you can’t short stocks under $5 on Scottrade :-(
I now have my thinkorswim account funded :-D
29VIJAI
April 1st, 2008 at 10:02 am
Gabe, no problem. I will check it out..
steve, you are right. Scottrade has the limitation and its fine for me since I don’t like to play on stocks below $5 with less volume.
30InvestorsLive.com
April 1st, 2008 at 10:05 am
neswick- i was just looking at ITMN but just not enough price movement on that one, if it spikes I may short it
31Tony Ellis
April 1st, 2008 at 10:05 am
Anyone go long KNDI? Had it on watch list and completely missed it.
32tyler
April 1st, 2008 at 10:10 am
Tim,
Thanks for the heads up on COT, I have a small account and made my biggest gain ever $200.
Thanks
33InvestorsLive.com
April 1st, 2008 at 10:13 am
newswick - if you short ITMN nice job, great sell off right there I just missed it
34GabeC
April 1st, 2008 at 10:20 am
GU just broke support. Hopefully it falls of the cliff now.
35personalfinanceblog
April 1st, 2008 at 10:28 am
how about PMII? Vol. is just gone compare to last several days and still up $.70 today.
36timsykes
April 1st, 2008 at 10:30 am
neither gu nor pmii look good. what cliff do u see on GU buddy? its already tanked, got plenty of support in the $11 and $12s. next!
37GabeC
April 1st, 2008 at 10:37 am
Really. Hrmm. Looking from the 5 day chart of GU. Friday has good support at around 12.50. Figured once it broke that it would still go down more. Am I mistaken?
38sneale17
April 1st, 2008 at 10:38 am
what do you think of a possible COT short squeeze later?
39sneale17
April 1st, 2008 at 10:39 am
nevermind, just looked at the chart again and i highly doubt it
40GabeC
April 1st, 2008 at 10:40 am
Ahh maybe im playing it too long from the non volatile side. I see your point.
41Andrew
April 1st, 2008 at 10:48 am
Looks like heavy support for COT at 3.25. If it cracks it could fall hard. Sneale what made you say possible short squeeze later?
42VIJAI
April 1st, 2008 at 11:13 am
ASTI, seems to jack up now.. Is it still a sound play to stay in for the short or get out ?
43timsykes
April 1st, 2008 at 11:49 am
GU spike, thats why you don’t stay short these things after they’ve dropped so much.
ASTI still hasn’t stayed red, u shouldnt think about shorting
44Ilan
April 1st, 2008 at 11:51 am
hey tim how about SNDK
45timsykes
April 1st, 2008 at 11:57 am
who knowsa bout SNDK, thats a real company, i hate those…ask those 2 clown from wall street warriors, they supposedly did their research on it LOL
46Andrew
April 1st, 2008 at 12:02 pm
Hey Tim, in the dvd you said you never want to be short in a bull market. Do the POS’s you look for not apply as much to that rule? If not, what type of stocks would you look for instead? Thanks.
47timsykes
April 1st, 2008 at 12:05 pm
when the hell did i ever say never short during a bull market? my entire strategy is shorting! u just have to be more conservative
48Andrew
April 1st, 2008 at 12:05 pm
Just to add, I’m not saying we’re there yet but if we ever do..
49sneale17
April 1st, 2008 at 12:07 pm
I said that because I thought there was a lot more upside support that might rally. Buuut no, I decided that was not going to happen.
50GabeC
April 1st, 2008 at 12:08 pm
Thanks for the save on GU, I got out after the comment and before the spike. Learned a good lesson and make a good 5%. I’m happy with that.