How To Short Sell Penny Stocks: It Don’t Get Much Better Than This

Posted by timothysykes on Wed 9th of Apr, 2008 03:38:01 PM

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Remember my last 25% profit overnight cake? Well, I’ve got 1,000 shares of another cake that just got put into the oven…it should be ready tomorrow morning…I hope you like it!

pstiintraday How To Short Sell Penny Stocks: It Dont Get Much Better Than This

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timsykes

i dont like how well this is holding 4.40, its like the cake doesnt want to be baked!

What Bubba Wants To Know

Hey, how far do you expect this to fall? It might be a worthwhile short if it goes back to where it came from.

timsykes

gotta take out 2-day support in the $4.35-$4.45 range, but if that happens, u could/should get a morning panic taking out stop losses at $4...i aim to cover in the mid 3s

t-digg

I am out PSTI, I have played this thing the last two days, made a killing, will play it again in the morning when it spikes on ya' like it did to me today, (hey, were in different positions now) no just kidding this thing is going to fall and fall fast. Im in short when it spikes to 4.60-4.70 haha

Dan-O

How do you calculate the cover in the mid 3's, isn't the next support @ 4 ish? Is it just a safe distance from the most important support?

Hell, I know you don't use fibronacchi retracements (they don't fucking work anyway).

bryan

Tim I dont think this one is in a Easy Bake Oven covered mine already from $4.82..I am listening to your advice take the .25 profits...cookies are done.

Val

NEED ADVICE - what brokers do you all have that let you short these penny stocks? Ameritrade almost never lets me short these dogs, the only one I got successfully lately was USU. Any help would be greatly appreciated, thanks!

timsykes

regulars: see what i mean about people too lazy to do any digging/research whatsoever and asking me the same questions over and over

lazy guy:

i use thinkorswim to short penny stocks, i suggest u try them out, here i'll even give u a link

http://www.thinkorswim.com/tos/client/index.jsp...

A

Might help having an FAQ page.

Troy

Tim, you don't need to be arrogant and insult others calling lazy. Do you remember your commitment to teach others though this whole TIM thing. You should make a page for FAQ to newbies rather than insulting telling them you have to repeatdly answer the same questions.

timsykes

there is an FAQ at the bottom, there's also a search button at the top, it's not arrogance me calling people lazy, its annoyance...this site has pretty much all the trading info it will ever have, now its just time for me to update based on current plays

Ps i'm be committed to teaching, i'm just not the boring mild mannered teacher u're thinking of, i'm a f@#$en trader

Anthony Brown

If you can't find the initiative to look for the information on this site, maybe this trading stuff isn't right for you.

Val

I'm not lazy OH ARROGANT ONE, I did a search and only found ThinkorSwim, I think they're pricing is high. What a bunch of PRICKS

be-the-ball

their pricing is cheaper than Ameritrade you moron!

timsykes

LOL Val, who cares about negligible commissions and fees, u wanna short penny stocks, u short em...have fun at scottrade, saving your $2/trade and missing out on multi-thousands of profits

What Bubba Found Out

Commissions? Nobody worries that nowadays, do they? Think of all the calls made to customers by brokers with ideas about what the coolest option manipulation/position would be for the customer's account. Think about the commissions those customers are paying. I'd rather follow Cramer's advice. Yow-Zah! Like the book says: if it's named after a critter, it probably ain't got much probability for profit (altho the potential may look good on paper). Yow-Zah!

Windin' and unwindin' keeps the old watch runnin', don't it?

Julia

Tim,
what trading platform do you use.
You had mentioned trading station.
I contacted them, and they do not short
penny stocks.

TIM Sykes

julia read my latest blog post

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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)!

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TIM Trades

View All

Date	Stock	Buy	Sell	Net
Nov 19	AENY	$2.80	$3.02	$1148
Nov 18	NLST	$4.16	$4.40	$947
Nov 18	IMGG	$1.42	$1.64	$2094
Nov 17	NLST	$5.04	$5.59	$2195
Nov 13	VRMLQ	$21.50	$22.97	$2901
Nov 11	EONC	$2.61	$2.80	$687
Nov 10	EONC	$2.74	$3.36	$9784
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: $98,094 (681%)