14 Hot Stocks: How Their Charts Look And How I’ll Play ‘Em
Posted by timothysykes on Sun 6th of Apr, 2008 11:59:41 AM
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No positions right now, here’s a list of a whole bunch of potential PennyStocking plays (in order of how likely it is I’ll play ‘em)
SYNM—really likin’ how much this is up so quickly, of course earnings are part of it, ideally it breaks out of its multi-month cup and handle, resistance around $1.50, but with a strong pattern like this, it could squeeze more, c’mon you pumpers, get this thing to $2 and I’ll love ya!
WSCI—on watch for multi-month and multi-day cup and handle breakouts, breaks $12.15ish and you’ve got a new high over multiple timeframes, I liiiiike, just gotta be careful of fakeout breakouts
VISN—slow mover, breaking out nonetheless, glad I recommended it to the CBS crew as a “long-term investment” a few weeks ago.
CTDC—old school typical-Chinese-complete-piece-of-crap company spiker (not racist just realist) back in play, let’s see how far it goes before the inevitable dump
XIN—another Chinese spiker, last time it spiked it went horizontal for a month—and that was when the markets were all getting crushed—aka don’t be so quick to short cuz a fast reversal is unlikely
USU—coulda woulda shorted into that perfect afternoon fade, good news + wasn’t up enough for me though, gotta hafta needta just go for it when the stock tells you it’s up enuf…with 1-month price action like that, never underestimate how bitter shareholders are aka willing to sell into any bounce
QTWW—beautiful long-term cup and handle, lots o resistance though, but closer to buying it than shorting it
SIGA—only it’s first up day, c’mon 2-3 more!
NXTM—I like the continued strength, where it’ll stop nobody knows, out goes Y-O-U, you early short sellers that is
XIDE=CPST—two stocks making perfect and perfectly gradual breakouts, buying is good for “investors” and those with capital and guts, I’ll have nothing to do with that
COT=BPAX=PRTS—three POS stocks that after big runups, have all gone horizontal, now it’s either time to fade, plunge or spike, watch for small cracks—either up or down—accompanied by volume to determine whether you buy or short…volume’s so light right now, I’m avoiding all of ‘em
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 2 | KIRK | $10.60 | $11.53 | $1377 |
| June 30 | ISRL | $107.97 | $118 | $985 |
| June 24 | LZB | $4.53 | $4.81 | $1240 |
| June 17 | GWSC | $1.86 | $2.76 | $2679 |
| June 15 | SHZ | $1.66 | $1.83 | $280 |
| June 15 | SPNG | $0.11 | $0.18 | $630 |
| June 12 | JAZZ | $2.84 | $3.26 | $380 |
| June 12 | MAPP | $9.68 | $10.07 | $565 |
| June 8 | HEB | $3.00 | $4.18 | $334 |
| June 3 | GROW | $8.64 | $8.96 | $740 |
| June 3 | SYMX | $1.21 | $1.11 | $940 |
| June 1 | USCN | $0.55 | $0.86 | $260 |
Total: $65,674 (421%)
Tim you just call micro caps POSs but do you have any evidence that micro cap stocks on average don’t go up (or go up less than the market)? I realize the sucess of your strategy only needs fading spikes to work but I’ve read that small crap stocks do better over time than large cap ones.
evidence is that after 9 years, 99.9% of the stocks i’ve played have never made it past single digits. in time, u’ll learn ALL their news–except for earnings–is meaningless, they surge on hype, lies and manipulation, but only so long before the cold hard truth catches up to them: their stocks are only out there so they can raise $ for their fledgling businesses.
u read some report for investors, these are no investable companies. think of them like chips on a table, that’ll help u cut through all the BS. i understand how cynical this sounds, but welcome to the battlefield
Timm!!!
haha thnx man…I shorted USU and got those fat 9% out of it!!! Looked to good to be true but got it this time… i bought it after u mentioned that you were taking a look at them!
I got a stock that has been stuck in a phase for bout 4 months know (between support and resistance) and i’ve managed to get 50% everytime i play it
Tim, the perspective you view the stock market is what i keep telling people. I agree wtih you and believe it is obvious that stocks move based on emotion and the plain fact that someone wants to make money on the trade. They didnt touch on this concept at all during the two years i was a Finance major in college. In school they just explain all these rediculously complicated equations.
Do you focus on cheap stocks just because they are so much more volatile than the expensive ones? What kind of mojo does a USU have that a BIDU doesnt?
cheap stocks have dumber people, people who act based on their emotions…no competition from smarter institutions/traders who are after big $…which is why this area is so much easier to play
Tim,
Even though you have a preference for cheap stocks, I’ve never seen you trade stocks less than $1. Why is that? The percetage gains could be a lot larger, and the patterns that you crave are there as well.
YOU BUT IN THE SHIT FACES ANYONE CAN SHOW CHARTS FO STOCK THAT HAVE ALREADY RISEN ALOT WHY DOES YOU FAG ASS SHOW CHART OF THE STOCKS THAT WILL SOAR FORM WHAT THEY ARE ALREADY AT THE BOTTOM, WHY BECUASE YOU DO NOT KNOW AND YOU NOTHIGN MORE THAN A COCK SUCKER
A–risk reward on stocks under $1 isnt good, especially for short selling, my specialty…but if a 10 center became a 80 center in a few days, i might just be tempted…i go wherever the patterns are
#7–i dont try to predict breakouts, thats much tougher, i just short the crap wen it rises, much much easier, aka welcome to why my track record rocks and i dont have to hide behind any aliases
#7 - is a lot like the others out there who obviously havn’t done their d&d on your style of successful trading. ignorance i guess.
Hey Tim,
I seriously want to know why you closed your Hedge Fund?? Is it true that you failed and lost -37% of the money (Sorry but thats what people have been telling me :S )…
I just finished your book and just wanted to say it was awesome bro..keep it going truly inspiring!
if u read my book u know why i closed my fund. yes i lost 35%, but nobody was asking for their $ back, i just had to speak my mind and teach others this strategy
Great Stocks TIm, keep up the good scans.
Wow it’s been a few days without the haters.. quite a stretch .. but weak attempt by #7 up there… all Tim showed was beautiful charts and beautiful women… and the his strategy as he’s been teaching is not finding stocks that will soar 1000% so why would you challenge him to that?? Find another blog… lol
but then again… ISRG did just about double since it was on his charts… so way to go ha
MWY up from 1.80 to 2.90, been holding for abouty a month. Planning to long, is there any signs or reasons why i shouldn’t?
tim, just wanting to know why you dont hold any stocks for more than 10 min. Do you just not have the balls or what?
greg sometimes i hold for a few hours…but if i have a loss, my thesis was obviously wrong, so i gotta get out and when i have 5-10% profits quickly, i like to take em…i suck at exact timing, so once i’m over the 25k hump, u’ll see i like to scale in and out whereas right now i cant do that
hey tim,
wot do u think about PIR..looks overbought…
Tim - I like the XIN set up the best, if it runs out of open I think that’s a great opportunity to short but if it ends up being a slow climb I will definitely stalk this one.. It just about filled that gap back near the first of March but could easily squeeze to 12 since its such low volume…
SYNM almost a double top - Would you consider shorting if it keeps that double top (under 1.30) and appears to show weakness? Or just throw it away unless it does squeeze to a worthy pennystalking style short?
CTDC and USU had almost the exact same set ups…
Thanks and keep up the good work
PIR shares are up on news of them selling their headquarters, this seems like hype but it will add to the earnings per share, not so much a charting play as a earnings play. Better plays are out there. Maybe Tim can elaborate.
i don’t give a F%^# why PIR is up, but it’s taking out multi-month resistance and has what a $1 maybe $2 of downside, pleaseeeeeee avoid
Finally figured out why Tim is SO slow to respond to questions on Thursday nights!!
[img]http://www.timsykescruisenight.com/pics/AW1983.jpg[/img]
This is a little bit off topic…but FSLR looking a bit extended…everybody is talking about the solars, time to short these suckers soon?? (in the meantime might have to go long for a day or two as this breaks new highs..after it broke from that triangle there was/is no stopping this thing)
We just need our 800 pd gorilla of a market to turn red AND all this positive fluff to succumb to the forces of the bear market.
#7 and Greg’s comments are what makes this blog so great and entertaining. I love the trasparency of TIM and wish the talking heads on CNBC and the financial journalists had to answer to their listener’s straight talk like Tim does. Keep up the good work!
Like SYNM, you have QTWW which is spiking too!
got 3 SYNM borrowed to short if i need it, price action looking pathetic from the get go
EMKR- is always a perfect short
Tim what do you think about IDMI right now, Thanks
short 3k SYNM at $1.20, risky, but i like this negative action, especially if it can take out $1.15…
IDMI bores me, no volatility
What about USU here - starting to look a little weak to me. Thanks!
Roger that Tim, have been short 200 SYNM
Wish I could afford 3k, but sooner than later I will….I agree with that 1.15 resistance it looks like it’s heading there
Any one short Jaso- or Solf- off this morning high??
YTBLA BLEEDING OUT
synm…nice short
Tim,
What charting software do you use?
Tim,
What charting software do you use? Good to see SYNM doing well for you and others.
Hi Tim,
Why did you go with SYNM instead of SIGA (obviously a wise decision now)? They seemed to have similar charts? Can you elaborate on this? Was it volume? Was it market conditions? I really appreciate this site.
siga was only its first up day, acted strong, synm its the 3rd day and it had a weak open, went negative
Gotcha - thanks. Do you always wait for at least 3 moderate days of gains before you think about shorting? Do you wait for a fade or the weak open to make your decision? What if there was one major gap up, a massive spike, do you immediately jump into the short?
each play is different, see all my strategies here:
http://www.timothysykes.com/dvd/
Nice! I’ve been thinking about it, if anything to support your website.
I have long positions in
ACUS, ASTM, and SYNM.
Already up 60-80% in ACUS and SYNM should I hold.
Also ASTM isn’t really moving, but I expect it will get a surge at some point.
Any thoughts?