6 Hot Stocks: Let’s See How Smart You Are
For months now I’ve been detailing my trading strategy, trade-by-trade, chart-by-chart, concept-by-concept…let’s see if any of it has sunk in. Today, I’m just gonna give you the charts I’m watching, nothing more…if I’m truly dong my job right, you should already know how I’m looking to play each one. Leave a comment and take the test!
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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!
May 15, 2008No ideal short plays today, check out these 2 interviews while we wait for price action perfection
I wish I'd listened to my own rulebook, instead got squeezed for $400 shorting blatant-fraud KYUS too early...someone needs a refresher course this weekend!
I nailed NCOC's 20% rise today in my pre-market post, but I was too biased against buying little breakouts, learn from my mistakes!
May 15, 2008Lots and lots of new sketchy stocks to watch
Stock Watchlist
| XRM | $4.54 | |
| SSBX | $3.25 | |
| APWR | $22.15 | |
| VRML | $2.54 | |
| NTHH.OB | $0.21 | |
| DPDW.OB | $1.04 | |
| CROX | $10.97 | |
| SUNV.OB | $1.45 | |
| AYSI.OB | $2.10 | |
| FORC.OB | $2.29 | |
| CNEX.PK | $4.10 |
TIMtrades
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1Evan(TIMBUCKS: $3)
April 9th, 2008 at 9:01 am
Hey Tim,
Is CRXL a good short play from these heights?
2timsykes
April 9th, 2008 at 9:03 am
crxl maybe, but i dont like the gradualness of its move and true resistance doesnt come in til 20
3t-digg
April 9th, 2008 at 9:05 am
short PSTI as of yesterday afternoon, this thing is going to drop to around 3.30-3.40 range, I am doubting my entry point due to the fact that I think this thing is going to spike early morning, made money on this thing yesterday and missed out on a little profit so foolishly entered and it jumped .10 on me going into the close. Should have waited, but this thing could tank first, lets hope no SPIKE.
4timsykes
April 9th, 2008 at 9:08 am
agree on PSTI, got my 1000 shares reserved to short sometime today
5timsykes
April 9th, 2008 at 9:13 am
except of course that i do want a spike (sorry)
6t-digg
April 9th, 2008 at 9:19 am
That is what I should be waiting for, stupid move yesterday, but I will add to my position if this thing spikes.
7Taylor
April 9th, 2008 at 9:24 am
Tim,
with titn would wait for a spike to around 22 and look to short once you saw some weakness
8Evan(TIMBUCKS: $3)
April 9th, 2008 at 9:28 am
Got shares of PSTI reserved at TOS- looks like it’s spiking a bit- Tim, does TOS have a place where I can see the orders about to come through, like Level II? I should know already, but I’m still using TDAmeritrade and haven’t gotten to explore TOS in-depth yet
9Ruth
April 9th, 2008 at 9:36 am
Tim, Evan,
How to reserve shares to short? Do you have to call or you can do it online? Can it be done only at TOS or any other broker allow to reserve shares to short? Thanks for your info.
10Evan(TIMBUCKS: $3)
April 9th, 2008 at 9:39 am
upper left hand side of your downloaded desktop software has a button called support/chat- chat with anyone about reserving shares. You’ll find some are more helpful than others.
11Andre
April 9th, 2008 at 9:40 am
TITN is it to break up or down, can’t tell. How would you trade this one?
12B
April 9th, 2008 at 9:42 am
why does tdamderitrade suck so much and not allow a short on PSTI??
13timsykes
April 9th, 2008 at 9:45 am
short 1000 PSTI at 5, big block sells coming in taking out the 14k buy block at $5, very very nice
14Evan(TIMBUCKS: $3)
April 9th, 2008 at 9:51 am
Tim - u suck. I don’t want to hear anymore about your timing being bad- I had an order in with my 1000 shares at 5.05- missed it by FIVE SSEEECCCOONDS!!! Enjoy the $200 plus in about Five seconds! CCRRAAAPPP!!!
15timsykes
April 9th, 2008 at 9:55 am
timing isnt bad on this one, there was a clear big buy order at 5 to short into, u should never have entered it at 5.05…and this isnt $200, right now i’m up $350 so far, but i want $500+ on this thing
16Tom J
April 9th, 2008 at 9:55 am
PSTI is up from Monday’s trading and had a gap up opening on Tuesday. PSTI is now crossing the 50 day MA on the 5 day chart with low volume. PSTI should be a nice scalp.
Not sure about NCEN. It’s similar to PSTI however, it has greater volume. This stock is just as likely to go up as it is to go down.
Of the two I would short PSTI.
17t-digg
April 9th, 2008 at 9:57 am
That PSTI spike had me on the edge TTIM, lets see this thing break through the 4.30 mark and 4.00 here we come. TIM you are right they are predictable
18Keith E
April 9th, 2008 at 9:59 am
Is CRY looking to breakout to th upside at 10.26?
19timsykes
April 9th, 2008 at 10:01 am
LOL Tom 50 day moving avergae on PSTI, i just look at them like see saws, too much time up, time to go down….and no shares of NCEN so PSTI is my only play!
tdigg–of course they’re predictable, why do u think i get so angry when people try to say this is all in my head…the power of the internet, i’m gonna make sure every single damn person int he world knows about this game
20timsykes
April 9th, 2008 at 10:03 am
out at $4.65, too many meetings today to watch this thing, might reshort in the afternoon
21Evan(TIMBUCKS: $3)
April 9th, 2008 at 10:04 am
Tim, my CRXL was also a good call, but was focused on my 5.05 PSTI short- my question for you is this- do you condone heavy drinking before 10:30am?
22Joseph
April 9th, 2008 at 10:04 am
Take your profits, Tim.
23Joseph
April 9th, 2008 at 10:06 am
Nice! Is it me or do you always use “meetings” as an excuse to get out quick lol. Nice play, Tim!
24timsykes
April 9th, 2008 at 10:12 am
haha nah meetings are real, publishing is my main biz and just wait til u see some of the projects i’m workin on….no problem with taking 7% profits within 30 minutes…trade was very scalable, coulda been done with 5-10x the size and 20-50x the size if u’re willing to have patience.
25Keith E
April 9th, 2008 at 10:15 am
Is the breakout on cry going to be real or a fakeout?
26Joseph
April 9th, 2008 at 10:15 am
Nah I’m just messing with you, man. I can’t wait for the updated website. Thanks for helping us learning this game.
I appreciate it.
27lmsmith
April 9th, 2008 at 10:19 am
>>> NICE
28A
April 9th, 2008 at 10:20 am
Wow TIM. If you didn’t have such a quick trigger finger, you could have made over $600 in less than an hour. 1000 shares *(5.00-4.38)=$620. Not too bad for an hours work! LOL!
29Joe
April 9th, 2008 at 10:27 am
UFPT jumped up like you predicted Tim
30Dan-O
April 9th, 2008 at 10:27 am
Anyone watching the post earnings breakdown on LAYN??
31Keith E
April 9th, 2008 at 10:28 am
Looks like it might be a fakeout on CRY because of no volume. Would possiply look to short into this breakout or wait and see?
32monkiman(TIMBUCKS: $31)
April 9th, 2008 at 10:33 am
NCEN, TITN, PSTI did well today…. damn but I had all my money shorting GU… I have some kind of love affair with GU
33Mr Cellular
April 9th, 2008 at 10:50 am
So Tim, if you buy your dvds do you learn where you find these stocks and a consistent basis? And.. How often do you have a problem getting shares to short? Love your blog. Good job.
34neswick(TIMBUCKS: $2)
April 9th, 2008 at 10:53 am
COT is down today, would it be a good short if it finally breaks past the 3.20s?
35lmsmith
April 9th, 2008 at 10:53 am
The game came be played two ways as well…. picked up 1k shares at 4.40 — will sell soon.
36Jeff C(TIMBUCKS: $30)
April 9th, 2008 at 10:57 am
How is everyone conifgured on TOS to view level 2 access, ie blocks of shares. My old broker was self-explanatory. If it’s in the forums I can’t locate it.
37GSC
April 9th, 2008 at 10:57 am
Just FYI-with regards to AMTD, you can short sell it if they have the shares available to lend out.
In this case they don’t have anything available.
You should always keep 2-3 accounts open, AMTD,IBR,TOS is a pretty good combo to cover your bases if you are looking to short sell.
CHeck out WM, one of the most obvious short trades out there.
It might take some time for it to come down to the position it should be at, but eventually it will get there.
38samd
April 9th, 2008 at 11:07 am
Would you agree Penny Stocks are not weighed down or propped up so much by market benchmarks like the DOW?
39Andrew
April 9th, 2008 at 11:13 am
I’m all for shorting cott below 3.2-3.25. It’s shown really solid strength at that level so if it cracks, could be a pretty big move. Anyone in NCEN?
40Max
April 9th, 2008 at 11:24 am
‘Would you agree Penny Stocks are not weighed down or propped up so much by market benchmarks like the DOW?’
I’d have to say that’s the biggest reason I’ve been focusing on these types of stocks lately; they are rarely significantly correlated with the market as a whole.
However, the patterns that Tim looks for can morph somewhat depending on overall market conditions. I believe this is something he discusses in his DVD.