We Are The Three Amigos: 3 Natural Gas Plays & Some Other Banditos
(MXC) The fist of 3 spiking AMEX microcrap nattie gas amigos with under a dozen employees…you wanna talk about the worst companies out there, well, here you go, hardly any business at all…but that won’t stop them from spiking because nattie gas has been soaring and people loveeeee speculating on these POS…couldn’t find any shares to short, too bad…
(PDO) The 2nd of 3 amigos, recognize this chart pattern? I’m short 700 shares @$6.20 because it faded gradually into the market close yesterday and I’m looking for it to take out stop losses at $6, so I can cover in the $5.60-$5.80 area…it’s a small position because I truly hate these AMEX commodity plays, you remember how KOG went!
(FPP) The 3rd nattie gas amigo, not really up or down enough to get e interested, although this spike is strikingly similar to the one a few weeks back and that time it faded 30% so I’m watching…
(ASIA) Pre-market right up to the key potential breakout zone just above $13, people seem to like earnings—I don’t know why, a Chinese company growing at 16% seems rather pathetic to me, but that’s just me…I might buy if it can breakout on high volume
(ICO) Reported missed on earnings, getting slammed, I don’t regret not playing it, I had no edge, maybe 60/40 odds favoring a short, but not good enough for me
(LNG) Bouncing falling knife play, who knows how far it bounces, not my kind of play, but maybe if it bounces enough quickly enough
(LVLT) A real company with a low priced stock making a big move—whaaaaaaaaat?!?! It’s an earnings move, not shortable, actually might be a decent buy if it consolidates well
(S) Another popular news-related real company mover, not really for me unless we get a 2-4 day spike
(UFPT) Nice second red day after near-vertical action—coulda woulda shoulda? Nahhh, sure, it was a nice afternoon fade into the first negative day, but that would’ve only yielded 50 cents/share—ideally—not really worth my time
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May 16, 200810 stocks to watch today
PDO already up $1.25, sux I'll be away all morning workin' on TIMtv, got 500 shares reserved to short if need be this afternoon
Also reserved 3,000 FORC and KYUS for potential shorts
May 15, 2008Yup, by next Monday, everything's gonna be real working-like!
May 15, 2008PDO, up $4+ today, will teach you not to randomly short strong penny stocks, get in, get out then run...cuz sometimes they squeeze stubborn shorts to death!
May 15, 2008No ideal short plays today, check out these 2 interviews while we wait for price action perfection
I wish I'd listened to my own rulebook, instead got squeezed for $400 shorting blatant-fraud KYUS too early...someone needs a refresher course this weekend!
I nailed NCOC's 20% rise today in my pre-market post, but I was too biased against buying little breakouts, learn from my mistakes!
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1Tony Ellis(TIMBUCKS: $24)
April 24th, 2008 at 8:50 am
Got a nice JYHW spam this morning. Going from 2.50 to 100.
2timsykes
April 24th, 2008 at 8:58 am
yah huge spread too, nobody wants it that bad
3Michael Goode
April 24th, 2008 at 9:21 am
Gotta love LNG. That was my first short, back in 2005. Had no clue what I was doing and lost a bit of money. Ahh, the good old days.
4Dan-O
April 24th, 2008 at 9:28 am
Good morning everybody
5Dan-O
April 24th, 2008 at 9:30 am
Tim, you were right about OSTK. No one cares about accounting scandals until they start hemmoraging cash.
6Davey(TIMBUCKS: $132)
April 24th, 2008 at 9:34 am
Nice drop on PDO to 6.01
7Oliver(TIMBUCKS: $12)
April 24th, 2008 at 9:35 am
http://www.citronresearch.com/.....mit=Search
pretty interesting even though its old. but this is what tim really tries to stress out. all this bullship stock promoters.
8Oliver(TIMBUCKS: $12)
April 24th, 2008 at 9:36 am
how come i cant post any links?
9Dan-O
April 24th, 2008 at 9:38 am
VISN is off to the races
10JAB
April 24th, 2008 at 9:40 am
whats the news on LVLT?
11timsykes
April 24th, 2008 at 9:42 am
jab can u not read the post above?
12timsykes
April 24th, 2008 at 9:53 am
just got a call for a big interview, covered PDO at 6.15, have fun guys, looking good now
13Davey(TIMBUCKS: $132)
April 24th, 2008 at 9:53 am
Can you say who it’s with?
14Davey(TIMBUCKS: $132)
April 24th, 2008 at 10:21 am
Covered PDO at 5.97 tried to cover in the 5.80s but it was too illiquid
15monkiman(TIMBUCKS: $32)
April 24th, 2008 at 10:49 am
FEED and TITN down big rite now, unfortunately, I have no position on any
16Carlos
April 24th, 2008 at 10:51 am
MXC looks like a great short, had no problem short shorting 50 tiny shares (I have lost soooo much money in the past that I am first putting my toe in the water to test how this crap shorting strategy works out for me), think you should open an interactive brokers account on the side, looks like it has more short stocks available than your trader
17Max
April 24th, 2008 at 10:57 am
I don’t see any particularly great reason to short MXC right now
what are your thoughts on this? looks like decent support @ 7
18InvestorsLive(TIMBUCKS: $39)
April 24th, 2008 at 11:13 am
UNS on watch for short
19InvestorsLive(TIMBUCKS: $39)
April 24th, 2008 at 11:16 am
I’m watching for a squeeze first this could test $34-35 but watching it for now
20bdog
April 24th, 2008 at 11:24 am
hope u pdo’s covered
21Davey(TIMBUCKS: $132)
April 24th, 2008 at 11:27 am
Wow huge spike in PDO good thing I covered at 5.97
22manhack(TIMBUCKS: $4)
April 24th, 2008 at 11:32 am
LOL that was you guys getting squeezed
23InvestorsLive(TIMBUCKS: $39)
April 24th, 2008 at 11:42 am
its very thin you have to be careful with it
24timsykes
April 24th, 2008 at 11:46 am
cool just finished a great interview, hopefully will be out in a few days, just in time for the new site
see PDO spiking, makes me feel better about exiting early. i doubt anyone here was squeezed, plenty of time for solid profits at $6, let’s hear how u guys did
25Keith E
April 24th, 2008 at 12:00 pm
UNS does look nice thanks
26Keith E
April 24th, 2008 at 12:03 pm
I am watching for possible short on RIV just dont like the crap average volume
27manhack(TIMBUCKS: $4)
April 24th, 2008 at 12:05 pm
PDO……whoa!
28Keith E
April 24th, 2008 at 12:09 pm
Shorted gap open on MF friday @ 13.75 covered this morning @ 12.27 for a nice profit. Just went long @ 12.55 looking for 12.85 then 13.20. hopefully we see gap open in the morning
29bdog
April 24th, 2008 at 12:14 pm
LSI up big despite bad earnings put it on your watchlist
30timsykes
April 24th, 2008 at 12:18 pm
incorrect bdog, the market says it’s good earnings, your opinion, my opinion–we’re all quite inconsequential, its about price action
31Keith E
April 24th, 2008 at 12:21 pm
hmmm MF hit 12.85
32Keith E
April 24th, 2008 at 12:23 pm
Tim I realize this isnt your type of chart pattern but everyone needs to have their own style of trading
33KP
April 24th, 2008 at 12:26 pm
PDO @ 7.40
34Ju(TIMBUCKS: $1)
April 24th, 2008 at 12:27 pm
Bah. I have this constant problem. when i buy, i sell waaay too early. but when i short, i cover waaaay too late. can’t make steady profit, just keep going up and down. weeird, i dont ahve a problem with taking small loss or tiny profit on buys but when i short, for some reason i get very greedy as i hold for bigger pay and end up getting kicked in the ass. bahhhh somebody come punch me in the face.
btw, im nto talkign about PDO, didnt play it but if i did i would be :’-(
35timsykes
April 24th, 2008 at 12:27 pm
sure whatever works best for u!
36Goose(TIMBUCKS: $33)
April 24th, 2008 at 12:28 pm
InvestorLive, Keith - what are your positions in UNS
37Keith E
April 24th, 2008 at 12:31 pm
I dont have any just like the looks of a possible short Thanks to Investor
38Goose(TIMBUCKS: $33)
April 24th, 2008 at 12:32 pm
Ju - good thing u didnt play it. I got raped. just when I was about to cover it hiked up big time.
39Johnny
April 24th, 2008 at 12:45 pm
How does PDO look now for a short. Obviously wait until it looks like a turn around but is there any reason not to short it at such a high price?
40timsykes
April 24th, 2008 at 12:50 pm
c;mon dude, it was the last post in which i talked about this very thing:
http://timothysykes.com/2008/0.....to-profit/
its not about what price u short these stocks into, its about the price action! do u have my DVD?