How To Predict 10% Daily Price Moves With Relative Ease: PennyStocking!
Some will argue that my top 3 weekend stocks to watch moving 10%+ in the direction I thought they would proves nothing. After all, maybe my blog is simply popular enough to help these patterns become a self-fulfilling prophecy.
But when you throw in a decade of me making millions of dollars off these EXACT kinds of chart patterns, it’s hard not to believe that they are PREDICTABLE! Because they are shining examples of the plays on which my instructional DVD PennyStocking focuses. So just get it so I don’t have to explain/mention as often! That might’ve been rude…whatever, be cheap, sign up to my RSS feed and try to piece everything together.
Enough blabbing, let’s talk shop:
Top Weekend Pick: Short (SYNM)—I’d hope to short into another full day of gains, but the weak open (double top at $1.25ish) coupled with sad volume meant it was gonna tank, either hard or soft, no way of knowing…so when it went negative on the day, taking out big block buys at $1.21 and $1.20 and within seconds it dropped to $1.15, I thought’d I missed it…luckily the optimists bounced it back to $1.20 and I shorted 3,000 shares there around 10am…barely getting all my shares before it fell back to $1.16 x $1.17
Then the real question: could it take out now 2-day support at $1.15…didn’t look good for an hour or so…lots of big buys…but there wasn’t any bouncing higher so I held—not content to make 3-4 cents/share. Right before 11am, $1.15 fell hard, stop losses took out $1.12, then $1.10, then $1.07!!!! Gotta love buying into those automated sell orders, it’s like surfing a wave, covered at $1.07, $370 gain, 11% on my money inside an hour…rest of the day irrelevant, not up enough—nor could I risk my precious day trades—to bet for a fall under $1 although odds are slightly for it. Next!
#2 Pick: Buy (WSCI) on breakout of $12.15, breakouts over multiple timeframes converge there…shorts will be squeezed, intensifying the breakout. This one broke out to $12.25ish right at the open, but volume was weak, so I really thought readers of my blog made that happen, didn’t wanna risk it—wrong, wrong, wrong, even if it was readers, stock broke out PERFECTLY so by 1pm, it was $13.50+, a 15% gain, damnit, you readers better leave a comment and say you took advantage of this, otherwise it’s a perfectly good chart pattern wasted! Please guys, c’mon, whether your or I got the $, I take pride in pillaging the market, speak up if you’re out there!
#3 Pick: Buy (VISN), opened just above breakout target of $13, didn’t do anything until 11am when it surged $1 within 10 min, shorts getting squeezed, I was busy with SYNM, not a big regret missing this, it’s a slower mover
Lots of other potential plays out there, I’ll have a list early tomorrow morning, gotta see if we have any other perfect technical breakouts/breakdowns…
PS Oh yeahhh, now my little TIM trading experiment is up 43% since November, $17,730 suckassssssssss…how many more plays will it take to convince you this stuff ain’t gambling, it’s banking!
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May 16, 2008My whole KYUS saga...still a solid profit of $350 today, the only time I shoulda been playing this stock
May 16, 200810 stocks to watch today
PDO already up $1.25, sux I'll be away all morning workin' on TIMtv, got 500 shares reserved to short if need be this afternoon
Also reserved 3,000 FORC and KYUS for potential shorts
May 15, 2008Yup, by next Monday, everything's gonna be real working-like!
May 15, 2008PDO, up $4+ today, will teach you not to randomly short strong penny stocks, get in, get out then run...cuz sometimes they squeeze stubborn shorts to death!
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1Jib
April 7th, 2008 at 6:34 pm
Bought WSCI @ 13.14 and going to hold till tomorrow.
Not as good as 12.15, but still happy money. Thanks, Tim.
I’ve started trading around mid February, riding the storm in the financial sector. I came around your site a week or so ago. Seems like good stuff.
2K
April 7th, 2008 at 6:41 pm
Hey TIM,
I’ve followed you since the beginning when you started this blog in November. I was always skeptic hearing that you turned a little over 12k into 7 figures. I was so sure you were BS, another scam artist to take poor starving college students money. I’ve been open to all strategies from buy/hold, small cap value, and even short selling because being one sided is just ignorant when it comes to the stock market. But after almost 5 months, I think its time to be a believer. The short into a POS microcrap/smallcrap company simply because of BS news and hype which caused it to spike in the first place really does WORK! It’s the same pattern over and over again. Ive questioned is the 300 bucks worth it for the dvd, but I’m starting to believe that it is. I just need to know exactly how it works to start putting real money in. Keep up the good work TIM.
_K
3InvestorsLive.com
April 7th, 2008 at 6:45 pm
Are you going for a record number of blog entries today?
CVP worth a watch?
4Sizman
April 7th, 2008 at 6:50 pm
TIM is PSTI worth shorting?
5timsykes
April 7th, 2008 at 7:09 pm
awesome jib!
K, yes, lots of scams out there, thats why i had no problem naming my publishing company bullship press, aiming to cut through all the bs..and yes, my DVD gives a good overview of EVERYTHING, past trades, charts, variables, the whole strategy–and not just short selling, i hope people can profit ont he way up too:
http://timothysykes.com/dvd/
yah this is a record day, never underestimate my work ethic when i get pissed off!
CVP, i dont play falling knives, totally different variables
PSTI, gotta be very careful of big spikes, also gonna be interesting to see if i can even get a borrow
6truth
April 7th, 2008 at 7:25 pm
timmay, since when can you trade 6,000 shares for only $20 total ?? That’s BS and you’re BS.
7Joe
April 7th, 2008 at 7:32 pm
double tops are the poor man’s super no va
8timsykes
April 7th, 2008 at 7:34 pm
i love when idiots come knocking on my doorstep–its always amusing when in posting a comment, somebody’s soooo sure of themselves…the best part is getting to tell them they’re a moron and feeling good about not being a moron myself.
so truth #6, 7:25pm, this one goes out to u. one word: ThinkorSwim:
http://www.thinkorswim.com/tos.....de=0907_02
$10 flat fee trading…there are even cheaper ones out there, but they’re not quality and something tells me, u have some full priced broker who charges you like 1% commissions, like those knuckleheads on the latest season of WSW.
damn that felt good, thanks truth, feel free to stop in again and lay some “truth” on us LOL
9Jay Zalowitz
April 7th, 2008 at 7:40 pm
Hey Scottrade isnt half bad. they havent let me down too much..
if your dealing with 5+$ stocks i prefer them
thats just me though.. to short like tim you need thinkorswim.com
Jay-Z intern at http://codywillard.com/
10Joe
April 7th, 2008 at 7:44 pm
Jay-Z, you work for Cody? Do you work at his telecom hedge fund?
11Dan
April 7th, 2008 at 7:47 pm
Hey Tim QTWW is looking so strong with good volume. Thinking of buying some tom. What are you thinking Tim, Thanks
12timsykes
April 7th, 2008 at 8:38 pm
commented on QTWW in weekend watchlist, no change
more importantly, my DVD just got its first bigtime review, i’ll do a full post, but i gotta share it cuz it makes me damn proud:
http://www.traineetrader.com/d.....thy-sykes/
13Daniel
April 7th, 2008 at 8:52 pm
who made money on WM? i know i did
14Joe
April 7th, 2008 at 9:26 pm
Boom, Supernova
15BenBien
April 7th, 2008 at 9:31 pm
Can I open an account with TIM Capital and earn +10%?
16neswick(TIMBUCKS: $2)
April 7th, 2008 at 9:33 pm
Thanks for the heads up on WSCI, I bought at 12.67 and sold at 13.10. Should’ve held longer, not even for the gains but because that trade got me flagged for pattern day trading (I got careless and lost track of my trades). Oh well, I’ll just use another broker until I get it sorted out.
17ryan z
April 7th, 2008 at 10:16 pm
hell yea 43% TIM, keep it goin!!
18InvestorsLive.com
April 7th, 2008 at 10:21 pm
WSCI VISN definitely good ones to watch - both will probably reward the stalking with .50-1.00 gains on the short side tomorrow or Wednesday
19Ben
April 8th, 2008 at 1:54 am
hey, whatever happened to that dupree girl? typical pump-and-dump penny stock, huh! lesson learned.