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Short Selling Penny Stocks: Decent Profits But The Mistakes Remain

Posted by timothysykes on Fri 11th of Apr, 2008 09:30:06 PM
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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!

aaaa Short Selling Penny Stocks: Decent Profits But The Mistakes Remain

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? :)

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  • 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.
  • timsykes
    switch to TOS u should be able to have a margin account, ask them first
  • sonid
    deal man, covered at 3.70 for a nice 19% gain
  • bsl113
    Still shorting this (PSTI) turkey!
  • bsl113
    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/high-growth/2007/...
    http://www.fool.com/investing/general/2007/03/0...
  • Fleeter
    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
  • Mike T.
    That coma theory you had a few days back would have worked nice...
  • Joe
    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
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Start Here

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)!

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%)