Stock Chart Of the Day: VisionChina Media Inc (VISN) Breaking Out
Their corporate name pretty much says it all–this now $1 billion Chinese company who deals in digital media and advertising is breaking out to new highs today on typical 200,000-ish daily volume. Big-time revenue growth and surprising valuation–think 200%+ and a forward PE in the 20-25 range–added to the fact that people are looking for ways to play the upcoming Olympics and you’ve got some real potential here. Too gradual/uncertain for TIM, but you know it’s gonna interest guys who like buying breakouts like Lindzon
UPDATE: Bought 200 shares at $14.63, couldn’t resist such a perfect breakout, kept my position small to give me the patience to hold out for $1-2 of probable upside
UPDATE 2: Doubled up at $14.27, total cost is now $14.45, stock didn’t uptrend into the close like I, along with seemingly many others, expected.Good news is it held the breakout levels and there’s a reasonably strong chance at a morning spike, especially given the probable strong maret thanks to IBM’s earnings.
TIM Lesson: If you know you suck at buying breakouts, don’t be early, wait to buy until right before the market close.
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 15 | MNLU | $6.37 | $6.73 | $340 |
| July 11 | IDAE | $2.27 | $2.49 | $630 |
| July 8 | ERII | $11.29 | $11.00 | $162 |
| July 3 | TGC | $2.14 | $2.39 | $471 |
| July 2 | HYGS | $2.15 | $2.29 | $260 |
| July 2 | TGC | $3.44 | $3.49 | $80 |
Total: $21,900 (
76%)
1timsykes
April 16th, 2008 at 3:14 pm
LOL, great up 40 cents now in 10 min., how many damn people are reading this website? TIM Lesson: Sykes buy the damn stock THEN feature it
2Andrew
April 16th, 2008 at 3:45 pm
Seriously Timmy, Get your act together!! Just Kidding. Looks like a solid break out. I’m in too. If it breaks 14 though I’m gonna hop out.
3Dan-O
April 16th, 2008 at 3:49 pm
Isn’t 14 the last rally level and a probable support area?
4timsykes
April 16th, 2008 at 3:50 pm
apparently when i buy a stock, i bring my dark gift with me and it starts tanking :(
5Jonathan
April 16th, 2008 at 3:56 pm
No worries, your cult like following will be buying!
6timsykes
April 16th, 2008 at 3:57 pm
doubled up at $14.27, now got 400 shares, average $14.45
7Brian D
April 16th, 2008 at 4:00 pm
FXEN running out of nowhere as well this one will tank but it may not be your cup o’ tea
8timsykes
April 16th, 2008 at 4:02 pm
gotta love the tape painter who bought 100 shares at $14.60 right at the close trying to close it near its highs, somehow i think we’ll show a $14.28 closing print though
9Jonathan
April 16th, 2008 at 4:04 pm
Tim,
Are you still looking for a $1-2 profit on the breakout?
10timsykes
April 16th, 2008 at 4:09 pm
now that its a whole position, probly closer to 50 cents-$1/share now so the question is if it can take out short seller stop losses at $15
11tradermedic
April 16th, 2008 at 4:14 pm
timmy how did you chance on this stock.i did not the the financials on google news..
what is your feed?what scans do you use?
12timsykes
April 16th, 2008 at 4:16 pm
i follow a few hundred typical smallcap plays that daytraders like, featured this one a dozen or so times on this site, so i know each company long before i ever trade it
13Tony Ellis
April 16th, 2008 at 4:24 pm
Glad to see you in VISN. I’m in @ 14.3 should have taken profits at 14.9 but moved too damn fast. XIDE had a nice volume breakout as well. Long XIDE @ 14.35
14timsykes
April 16th, 2008 at 4:26 pm
XIDe is nice, thats the way VISN was supposed to act into the close!
15Tony Ellis
April 16th, 2008 at 4:43 pm
VISN should be fine. FEED did the same thing when it broke out. I’m still pissed about selling FEED at 14.45
16Tony Ellis
April 16th, 2008 at 4:45 pm
15.45
17Andrew
April 16th, 2008 at 5:05 pm
Dan-O I meant breaks to the downside.
18Dan-O
April 16th, 2008 at 5:59 pm
Andrew… Ok, Got that.
At least you had the balls to go for it, I was too much of a wuss to pull the trigger
19Michael
April 16th, 2008 at 6:03 pm
Tim, EJ is about to break out
fundamental for this stock is strong
CEO just bought back 10 million shares
what do you think
20Dan
April 16th, 2008 at 8:17 pm
Tim, I shorted sorc at 1.60 and didnt cover. Holding over night wish I coverd. What do you think will hapen with Sorc tom. Thanks Tim.
21monkiman
April 16th, 2008 at 11:27 pm
timmay, do not underestimate your cult following, I followed your move on KOG, so I shorted 5,000 @ 2.83 in the opening, and because of sideway actions, covered 3 hours later @ 2.79. LOL
22Michael
April 17th, 2008 at 12:14 am
Timmy, while the long term trend for the market is still bearish
for upcoming 1-3 months or so, the market is going temporary bullish. (then maybe follow by more crisis and crashes)
so short selling might not work as well right now. You have taught us how to short into spikes, Can you teach us how to catch dips and go long? the market is having higher lows, and higher highs
23InvestorsLive Chat
April 17th, 2008 at 12:59 am
How did speech go?
Also Tim, I enjoy reading everything and I know you are not short on ideas to write about (I don’t think) but I would love to see you write about http://doublingstocks.com and there Bull ship. I feel like you could pull more out of it then CNOA stuff - this is their latest stock….
http://doublingstocks.com
24InvestorsLive
April 17th, 2008 at 1:04 am
One thing to add is I would love to find one recommendation for it without an affiliate link, or better yet I’m just surprised all the keywords for “Doubling Stocks Scam” are also controlled, search engine optimized and affiliate linked to earn some money on the referral
25timsykes
April 17th, 2008 at 1:33 am
sorc aint volatile enough for me, who knows.
michael, i remain a short seller in bullish environments, more plays, more spikes!
investorslive, i’d love to write about doublingstocks, but i’ve heard some very bad stuff from people that do…not worth it…and the speech went awesome, got a standing ovation!
26InvestorsLive
April 17th, 2008 at 1:53 am
Great job! keep it up!
27NeilTheRealDeal
April 17th, 2008 at 3:12 am
Tim, please come to University of Tampa and speak. Of course I just transferred from ECC which is 2 miles from UB so I couldn’t be there for the speech. But we both know you want to come to sunny Tampa to speak, so do it!
28Roderic
April 17th, 2008 at 6:29 am
I heard doubling stock is a huge scam.
Do a search on google see what you come up with…..nothing pretty.
29timsykes
April 17th, 2008 at 7:39 am
I’ll speak wherever, put me in touch with somebody to set it up!
30Al
April 17th, 2008 at 8:08 am
Tim,
KOG - shorted it yesterday @2.80 and held over night. Are you still holding?
Your thoughts either way..
thanks
31Tony Ellis
April 17th, 2008 at 8:25 am
Want to come speak at The Else School of Management in beautiful Jackson, MS?
32timsykes
April 17th, 2008 at 8:35 am
KOG, i covered due to my travelling, sux, nice fade, but i’d be wary of any spikes and quick to take a decent profit…you guys profiting makes me feel better about not!
Yah I’ll come to Jackson, just gotta pay my travel and a little bit of $ and u’re on!
33Mike
April 17th, 2008 at 9:27 am
VISN breakout today.
34Chris
April 17th, 2008 at 10:24 am
Hey Tim Dog! I love your site I just found it a couple of weeks ago. How do you feel about a short on VISN towards the end of the day when it should have added a couple more points?