The Latest Reason To Choose Technical Analysis Over Fundamental Analysis

Posted by timothysykes on Fri 18th of Apr, 2008 02:45:38 PM

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charts The Latest Reason To Choose Technical Analysis Over Fundamental Analysis

On Wednesday, it took me about 15 minutes to recognize and write about (VISN) breaking out to new highs, suggesting higher highs. And, last night, I spent a few minutes scanning through all my stock charts—not because I don’t care, but because I’ve been doing it for a decade so I know exactly what to look for—it’s easy…that’s why I mentioned RDTA in this morning’s pre-market post—it was a perfect perfect breakout, suggesting higher highs.

But today, I forgot about both VISN and RDTA, spending a good two hours researching, writing, double-checking and formatting THIS blog post busting TheStreet.com for sloppy research, advocating and taking a short position, even if the chart wasn’t perfect.

And where did all this hard-hitting time-consuming research get me—I’m up 20-30 cents/share on my EDEN short position, I got a couple more website hits and I was able to rub in the fact that financial journalism is a joke. Trust me, I like all three—because it’s just the beginning for all of these trends—but I’d prefer making an easy $2/share like those who bought RDTA did in under an hour and $1+ share/share on VISN in 2 days (just need a little patience)…no hard work required!

The good news is no matter which course I—or you—take, there are easy profits everywhere because this game—this wonderful wonderful game—of PennyStocking really is that easy.

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timsykes

Covered my EDEN at $2.36 for $200ish, not liking how well it's held up, possible squeeze into the market close and the fact that I'm gonna be out of the office all day Monday...playin' it extra-safe, long term shorts will probly be okay, I just dont have patience and am unwilling to let it go while i'm not here to watch it

AJF-ESQ

I got in on EDEN at $2.42 and out at $2.70.....then there were no shares to short on eTrade at $2.46...but it has held up arounf the 2.35ish range

timsykes

yup, thats the funny thing, its actually much easier to profit by buying these pumps instead of shorting them...but shorting is right over the longer term

Max

awww, look at it drop another .10

timsykes

yes, thats the beauty of these things, i was 10 cents off in my entry, 15 cents off in my exit, so far and i still made 20 cents...very tough to not make $ when u have such ridiculous pumping...others can and SHOULD do better than me, they just gotta learn how to play the game

Lewis

TIM, What are your thoughts about RDTA? 30% pop today

Oliver

tim, have you seen avct? do you think there is some downside for monday?

timsykes

RDTA ia picture perfect breakout, i dont short those till they get waaaay overextended, just not enough downside to interest me yet, kinda like BEXP

AVCT is earnings, i dont short earnings breakouts

Lewis

Do you have any idea where the news about RDTA came from? TheStreet maybe?

burky

Tim, check out Superman's post. TheStreet regrets their error on EDEN. Maybe they read your blog!!!

Margie

Darn, RDTA still moved up another 15% higher than I cashed out. Who knew it will go up 37%, except Tim showed us early in the morning at 4:00AM. RDTA not available to short anyway, at least at AMTD and Scottrade.
Tim, you mentioned about TITN several times, it broke out, it is going to sustain or going to drop back? Any thoughts? Thanks.

AJF-ESQ

Tim, you made a believer out of me and I'm about to buy the DVD.....one question before I do, how and where do you find the stocks that you follow? Thanks.

InvestorsLive

nice play today - lots of movement all around

Goose

SLXP - a huge drop near trading hours. But up in after-hours. Tim, what do you think ?

timsykes

titn, rdta, slxp i could care less--no setups or potential setups right now

here's how i find my stocks:

http://www.timothysykes.com/2007/11/11/where-i-...

AJF-ESQ

thanks Tim

ExcelTrader

"AVCT is earnings, i dont short earnings breakouts"

What sources do you use to find earnings release dates? I find that earnings release dates that are listed on earnings.com, yahoo.com and clearstation.com are often wrong (and different from each other!).

I created an excel file (ExcelTrader link goes to file) to automatically search for earnings dates from these three sources so that I can avoid any stock during earnings release {gambling IMHO).

Would like to know of other sources that i may add to this file.

timsykes

i dont care about earnings dates cuz i play stocks that already are in play, i just gotta look at the news to see!

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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.

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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.

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TIM Trades

View All

Date	Stock	Buy	Sell	Net
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: $92,304 (644%)