Short Selling Penny Stocks: Decent Profits But The Mistakes Remain
Posted by timothysykes on Fri 11th of Apr, 2008 09:30:06 PM
Tags:
Late Wednesday, when I posted this article predicting a 25% drop in (PSTI), I thought it’d be over and done with by Thursday. But that move didn’t complete itself til today, my baaaaaaaaaaaaaad!
Can’t believe I covered my short above $4, too much of a lil bitch to hold this sucka. Sure, hindsight is easy, but look at the eerily similar price action after the last spike…probly more downside Monday. How about this, I’ll just go on predicting, you guys handle the trading, deal? :)
TIMstore Monthly DVD Specials:
See all TIM DVD specials HERE
TIMfundamentalsMy TIMalerts & PennyStocking Daily Research Explained! Read More about this brand new DVD HERE.
$397 USD
Read Testimonials 2
*SAVE $150!*
Pennystocking Part Deux
+
TIMfundamentals
$749 USD
Related Reading
13 Responses
Other Websites Referencing This Post
Leave a Reply
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, I’d like to start PennyStocking after having read many of your recent articles on this site, but my brokerage will not approve me for a margin account. Do you have any tips or thoughts? I only have $6,000 in my account and I’m just a student, so they declined me when I applied for a margin account. Please let me know if I need to switch to your beloved ToS if I can get a margin account there. Thanks a lot.
Regards,
Ben
P.S. I don’t plan to start shorting until I read more about the techniques and technicals behind it. I want to get better at calling these low’s and make some more money so I can buy your DVD and trade using your much more scientific method of calling spiking POS stocks.
switch to TOS u should be able to have a margin account, ask them first
deal man, covered at 3.70 for a nice 19% gain
Still shorting this (PSTI) turkey!
Here are some links to the clinical trial process. PTSI’s press release is about getting results in rats. You be the judge…
http://www.fool.com/investing/.....art-1.aspx
http://www.fool.com/investing/.....art-2.aspx
Experience teaches us to be fearful. Dancing in the fire and all.
Grand show for the week everyone. Thanks Tim, thanks guys. Goodnight.
Nice play there Tim, so what.. u missed some gains.. but did you profit? yesssssss
That coma theory you had a few days back would have worked nice…
Tim, what you should do is check how stocks move after you unwind your positions to see if on average it would have more profitable to hold them I think it would be.
Catching the “fat middle” of a move isn’t a way to the poor house, anyway, nice trade.
Anyway, there’s something missing from your poll about what people want to see on your new site… I think you know what I’m talking about.
-DT
DT, i’m a big believer in the fat middle, but sometimes, u just gotta say based on the chart and previous spikes, there’s a 99% likelihood of this thing going lower, lets risk it
and whats missing form my poll?
People want more links to the VO Timmay… they want more VO.
The VO is like sex, drugs and rock and roll combined.
-DT