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Coulda Woulda Shoulda: When Life Makes You Miss Multi-Day Breakouts & Some Other Stocks To Watch

Posted by timothysykes on Thu 3rd of Apr, 2008 08:38:40 AM
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Fess Up Time: Don’t ya hate when you put a stock on your watchlist, tell yourself you’ll trade it if it acts a certain way, but when that special price action occurs, for some reason, you’re not watching it? I’m sure there are those out there who don’t make such bush league mistakes, but I’m not one of them.

Thanks to the popularity of my latest AOL article—about how Amazon has tried blackmailing small publishers like me–I’ve been talking to a couple of reporters—surprise—and much of that talk happens during the trading day, causing me to miss more than a few potential trades. Oh yeah and incessant blogging doesn’t help.

Now, I hate buying breakouts—they move too slowly, happen to stocks that are too expensive or retrace/fakeout too often, so out of all the stocks below I really only regret missing out on NCEN, because that my friends is the f&^$en Mona Lisa of technical breakouts

NCEN–probly going to $3+, easy easy easy easy easy easy easy easy easy 30-50 cents/share, or 10-20%, buy on the intraday break of $2.50, predictable predictable predictable predictable predictable gain. An infinitely better trader than me, Fous, nailed it again. (I’m not only an affiliate, I’m even considering signing up for his stock picking service!) As did some of my DVD students…those who can’t do, teach!

ncen Coulda Woulda Shoulda: When Life Makes You Miss Multi Day Breakouts & Some Other Stocks To Watch

SOLF—nice multi-day breakout, but where to now? Solid resistance in the high $15s

solf Coulda Woulda Shoulda: When Life Makes You Miss Multi Day Breakouts & Some Other Stocks To Watch


AKNS—just keeps going, aka why you don’t short strong stocks UNTIL there’s weakness

akns Coulda Woulda Shoulda: When Life Makes You Miss Multi Day Breakouts & Some Other Stocks To Watch

YGE—strong multi-day breakout, don’t even think about shorting

yge Coulda Woulda Shoulda: When Life Makes You Miss Multi Day Breakouts & Some Other Stocks To Watch

TSL—strong, but lots of resistance coming up, still, don’t even think about shorting

tsl Coulda Woulda Shoulda: When Life Makes You Miss Multi Day Breakouts & Some Other Stocks To Watch

CSIQ, ASTI upcoming

Watching NTWK HYTM EPEX for more gains before I short

EXFO you don’t short cuz of meaningful news, in the form of strong earnings

Last but certainly least—legitimacy-wise—3 days ago, I posted HYBR was getting spammed big-time, 43% drop since, too bad no shares available to short!

hybr2 Coulda Woulda Shoulda: When Life Makes You Miss Multi Day Breakouts & Some Other Stocks To Watch

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  • timsykes
    Tony Ellis, I'll live vicariously through you, tell me you loaded up on NCEN and made 10x the DVD cost!
  • Gary
    What is your guys plays today? I am looking at COT to take a fall today. aAready 10 min into the day and almost no volume! Might be the day it will run down.

    This i would call the pump...maybe the dump is coming.

    What do you think tim?
  • timsykes
    i see no great setups, COT could tank, but only if it cracks under $3.25 first, which it held extraordinarily well
  • Max
    I've been short COT since yesterday morning @ 3.48

    I thought about taking my losses, but the failed breakout to new highs yesterday afternoon has kept me in.

    however, I don't like the level 2 action at all, neither today nor yesterday
  • Gary
    Max....While this pig is dumping down. Could you let me know what you are looking at in the level 2 that you don't like. Just trying to learn. Thanks.

    Tim..please feel free to jump in. Reading level two charts should be a post.
  • Tony Ellis
    10K @ 3.35 out half 2.96 -2.98 holding rest for a possible run over 3
  • Vijai - moneyreallymatters.com
    TIM, You said don't hink of shorting TSL. But looks like many are shorting already pushing the stock down.. ?!
  • Tony Ellis
    2.35 sorry, also bought DSTI @ 3.35
  • Max
    I just don't like how both the sellers and buyers of this stock are very flighty, and there tends to be more support just below the bid than there is resistance above the ask - although it looks like all heavy buyers under 3.51 from this morning have left the building

    seems like lots of fake bids, with the occasional seller trying to sneak in

    buyers quickly jump out of the woodwork at new lows also
  • Tony Ellis
    What do you think of HOKU?
  • Gary
    That help a liitle... Thanks Max
  • AKNS going to be a good short Tim! Nice chart


    Thanks
  • Vijai - moneyreallymatters.com
    TIM, is it time to jump to TSL. Looks like its hititng hard on the resistance..
  • Tony- Nice chart on HOKU, always seems to play real nice it's on my radar for a break of 9. Extremely low volume though compared to the days where it has big moves
  • Tony - nice pay day on NCEN - great job
  • timsykes
    no don't short random ass patterns like HOKU

    TSL, who cares about this little dip, chart doesnt support much downside theory
  • Vijai - moneyreallymatters.com
    Tony, Are you in on DSTI?! It looks like a nice uptrend chart.
  • Vijai - moneyreallymatters.com
    TIM, I was watching CSIQ since it gone low to $16. Couldn't get in at that time for long?! It broke the resistance and moving up.. Next resistance seems to be $28 or so. Do you think it will go that far?!
  • Tim any thoughts on VRTX? Would you like to see another spike out of it, or just stay away? Its up 100% in the past week or 2 but very well could consolidate and spike again
  • Tony Ellis
    DSTI still holding....HOKU wasn't interested in shorting. Possible long if breaks 9 on strong volume.
  • timsykes
    hoku, vrtx, asti, grmn, csco, good, rimm, all too random for me, no pumps, no pure breakouts, avoid them all unless u NCEN-type breakouts or REED-like pops
  • lmsmith
    I am still holding my orignal SHORT of 500 shares at $8, added 500 shares more at $8.50 now this pos will take a dive....
  • newTrader
    Is anyone long on CDS? Looks like a strong climb.
  • Vijai - moneyreallymatters.com
    CDS, looks poised for nice up movement.. but not real good volume or movement.
  • traderjunkie
    TIM, Here comes COT, to your level
  • Tony Ellis
    out DSTI 3.8
  • Max
    ... and the buyers pop out of the woodwork again
  • Gary
    Max...I think they will get taken out again. But I see what you mean.
  • Max
    ... and are gone again - will they ever decide what price is low enough to buy at? :)
  • The Barber
    ASTI SPUMANTI BIG BOY!!! SAY GOODBYE ANYDAY NOW!!! PROBABLY TODAY INTO TOMORROW...HA HA HA .. WAITING PATIENTLY..LOL
  • Max
    out COT @ 3.35 - no idea what's going to happen now, although the longer term trend is down
  • Gary
    Max...what!!! This thing is droping! You now where the buyer that came out of the wood work!

    Nice job on leaving money on the table. What was your profit?
  • Gary
    Looks like 3.30 is the price to break for COT!
  • Max
    I am trading a very small account somewhat conservatively - I was short 300 shares @ 3.48 so I made $39 profit (which was greater than my R value of around $30 for this trade)

    granted, I could have squeezed a few extra dollars out, but that sort of thinking gets me in trouble

    as Tim is saying, 3.25 is a very important price point

    I prefer remaining safe and re-entering if warranted on this one

    I'm okay with being wrong on this one - I'll take the peace of mind realized profits gives me

    also, the trade I was making, the REAL price point to be short at was 3.55-3.58 - I missed this by a good margin
  • Gary
    Very nice at sticking you your game plan!!! TWO BIG THUMBS UP!
  • Max
    anyone else watching BPAX? the resistance it faces at $4.50 (still off its recent high today of 4.56) is tempting to short into, but it has been in an uptrend since its $4 low on monday

    I really want to short it, but it would almost make more sense to go long on a pullback or breakout (seems like limited downside at this point)

    any thoughts?
  • KFisher
    Max,
    I was rather tempted to buy BPAX bitch today around 4.22, but the bitch left w/o me. It might go above $5, just my pure guess.
  • vijai - moneyreallymatters.com
    BPAX has a 200 MA crossing right at 4.84, a big resistance..
  • Andrew
    That huge volume up day after the stock already jumped from 2-4 looks like the last of the longs piling in. Until today it looked like it was breaking down. But, now it looks like its consolidating. If it does breakout its got a lot of downward pressure till 6. I'm waiting for another big move in any direction before I make a move. Hard to tell if a pull back is really a pullback or the stock breaking down. Anyone else?
  • Intelinside
    The way BPAX acting lately, it might cross that 200 DMA in a heartbeat and closes above $5.
  • Andrew
    And who the hell is keeping RC Cola and Diet Rite above 3.25-3.30?
  • vijai - moneyreallymatters.com
    I see the BPAX ADX and all looks uptrend.. May it is poised set to go up above $5. who is jumping in ?! I might..
  • Tony Ellis
    Anyone in MELA?
  • Andrew
    Nice find
  • vijai - moneyreallymatters.com
    thats is a nice uptrend stock.. but just the volume is not too much for me..
  • Danny
    Nice chart on BPAX but the buyers are not there.
  • Gary
    have we talked about YTBLA here yet? Take a look!
  • Andrew
    Tim, I know that your strategy is mainly based on shorts that are rarely held onto for a few days. I am just curious as to why, after looking at the terrible 1st quarter of the overall market, you would not hold onto some of these stock (short position) for more than a few days. The returns you could be experienced would be far greater than what you have experienced. Please do not take this the wrong way because I think you are a great trader, but why not sit on some of these stocks for a longer time? And I know you will say something about unpredictability, but it wasn't a secret that we were or either in or near a recession.
  • timsykes
    cuz i dont have the capital to sit around and wait, new opportunities every few days, cant risk being stuck in some other position. and recession--stop listening to the crap that is the financial media, there are time lags involved--unpredictable ones--it could already be priced in...dont play market guessing games, it's impossible to have much edge, let $3b macro funds play that game
  • lmsmith
    @ Andrew, that is a good question....I was going to ask the same thing- I made a kiling last month, and for the first couple of days longing several stocks...... but I think TIM does not want to divert from his strategy and only want to reach his 1mil mark with his strategy....
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Who Is Timothy Sykes And Why Should I Care?

See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.

Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $58,000+ even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes. Currently he is the #1 ranked trader out of 25,000+ on Covestor)

How Can I Consistently Make Money In The Stock Market?

Hard work, Determination and Know How.

Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

Determination to seek those probable profits out and know how in order to actually profit from them.

Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

Why Penny Stocks?

As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 2000+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.

Where Do You Find Stocks To Trade?

This is the #1 FAQ (see more HERE) and it is answered in THIS instructional DVD.

Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!

TIM Trades

View All
Date Stock Buy Sell Net
Nov 6 QXM $4.31 $4.80 $1936
Nov 4 COT $8.66 $8.88 $642
Nov 4 QXM $4.61 $4.89 $822
Oct 30 DDRX $25.70 $26.53 $812
Oct 29 CTDC $4.00 $4.42 $781
Oct 26 AWSL $3.24 $4.10 $2516
Oct 23 RODM $5.27 $5.23 $301
Oct 22 AMLM $2.69 $2.97 $820
Oct 22 USEG $6.12 $6.09 $85
Oct 20 CBOU $8.93 $9.06 $243
Oct 16 VRMLQ $16.79 $18.65 $2773
Oct 13 YONG $11.05 $11.66 $1202
Oct 13 NPHC $0.59 $0.71 $583
Oct 12 IMGG $0.60 $0.70 $682
Oct 9 ZAGG $5.50 $6.10 $2380
Oct 7 GVBP $0.03 $0.27 $702
Oct 1 NPHC $0.70 $0.85 $1482

Total: $92,304 (644%)