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

18 Responses

1. 1timsykes

   April 9th, 2008 at 3:52 pm

   

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

2. 2What Bubba Wants To Know

   April 9th, 2008 at 4:07 pm

   

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

3. 3timsykes

   April 9th, 2008 at 4:09 pm

   

   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

4. 4t-digg

   April 9th, 2008 at 4:16 pm

   

   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

5. 5Dan-O

   April 9th, 2008 at 4:34 pm

   

   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).

6. 6bryan

   April 9th, 2008 at 5:31 pm

   

   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.

7. 7Val

   April 9th, 2008 at 5:46 pm

   

   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!

8. 8timsykes

   April 9th, 2008 at 6:02 pm

   

   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.....de=0907_02

9. 9A

   April 9th, 2008 at 7:07 pm

   

   Might help having an FAQ page.

10. 10Troy

    April 9th, 2008 at 9:24 pm

    

    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.

11. 11timsykes

    April 9th, 2008 at 9:27 pm

    

    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

12. 12Anthony Brown

    April 9th, 2008 at 10:22 pm

    

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

13. 13Val

    April 9th, 2008 at 10:28 pm

    

    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

14. 14be-the-ball(TIMBUCKS: $25)

    April 9th, 2008 at 11:07 pm

    

    their pricing is cheaper than Ameritrade you moron!

15. 15timsykes

    April 10th, 2008 at 8:20 am

    

    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

16. 16What Bubba Found Out

    April 10th, 2008 at 11:48 pm

    

    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?

Trackbacks

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