My whole KYUS saga…still a solid profit of $350 today, the only time I shoulda been playing this stock

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The Right & Wrong Way To Short Sell A Fraud Like Kentucky USA Energy Inc. (KYUS)

Yesterday, a day after failing to be too aggressive with shorting known fraud CNEX, as it plunged from $7 to $3 and my readers made thousands of dollars, I saw a morning dip on fellow pump and dump/known fraud KYUS and shorted into it, 2,000 shares at $2.37. Although hugely manipulated, it was only up $1 or so—no $1 to $7 action—but I was afraid I was gonna miss out on a possible 50 cent drop. Not only did this trade break my trading rules—wait til the friggin afternoon you lil bitch!—but I let a prior trade influence a current one. Two major mistakes, so I deservedly was forced to cover into the late morning spike, at $2.56, rubbing the typical morning fakeout breakdown in my face. So, I finished the day with a loss of $413, after commissions, now nearly $1,000 of my highs just last week.

Today, with the stock opening slightly higher in the $2.60-$2.70 range and a morning meeting to work on TIMtv, I made sure not to even consider shorting until the afternoon. Not even when I saw it tanking to $2.40, just as I was walking out the door, was I tempted to short the 3,000 shares I reserved—if I missed it, I missed it. (that morning dip turned out to be yet another fakeout)

But by mid-afternoon, while still in the studio, after some solid sideways price action barely clinging to positive on the day, I saw the stock go slightly negative on the day and I said to myself, “this is a worthy pattern to short into.” I missed the initial drop as it just fell too quickly to $2.50, but I thanked my lucky stars that it bounced right back near the unchanged mark, just as I shorted 2,815 shares (135 shares didn’t get executed) at $2.58.  

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10 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

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10 Hot Stocks That Will Make You Tear Up & Be Unable To Watch FOX Biz

Yeah there’s lot more, but again nothing ideal to short…yet…especially all these crappy oil companies, nothing like a rising tide to lift all boats

ASIA exemplifies a slow boring breakout of a real company…makes me sick to my stomach how slow these things move, no wonder why 90% of traders lose money trading these things…blehhhh….I’ll take fake companies that move any day of the week

FORC=KYUS=HYBR as all three are known to have been sending out spam mailers to get people to buy their crappy stocks! C’mon guys, these companies are fake–ever wonder why I can say that and get away with it? Cuz it’s the truth and the fake companies don’t wanna fight me in court! I lost $400 shorting KYUS too early (detailed post coming soon)—not because I don’t think the stock is lower 1-2 months form now, but because I’m not gonna be around much today (working on a live version of TIMtv) so I couldn’t risk a big squeeze…yup, playing it safe to teach you guys a lesson!  

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Yup, by next Monday, everything’s gonna be real working-like!

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Please Excuse The Mess Over the Next Few Days, Upgrading The Site To Version 4 Baby!

As you probly know, ever since the debut of this Super Shredder-like website its been full of bugs, at times slow and sometimes just down completely. Well, I got tired of this kind of sh#@! pretty quickly so for the past few weeks, Pallian and I have been workin’ on a new site—that’s right, Version 4—this is the one that’s gonna last longer than the first one (4 months), version 2 (2 months) and version 3 (2 weeks).

Obviously the trend is going in the wrong direction, but it don’t matter cuz we’re tired of building new sites all the time so this is it! And we’re getting a new host too cuz our traffic is just breakin’ out (only halfway through this month and we’re already waaay past February’s #s) (yeah advertisers, get on it!) as if our name was Kentucky Pyramid Oil Co (PDO)

As soe of you might have noticed, you can get a small taste of the new design HERE. What’s infinitely more important is that our new host, those bad asses over at Mosso.com, tell me that anybody who signs up with them using the referral code “REF-TIMSYKES”, will get $50 off their first month’s bill.

I can’t speak to how good they are until we see ‘em in action next week, but I’ve heard only great things and if they try to f#%$ me over, I’ll just blog about it and then they’ll be sorry! Jew Yah!

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PDO, 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!

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No 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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Two Interviews: One Video, One Written, Both Edu-tainment To The Max!

While we’re waiting for the next CNEX-like worthy trading opportunity to emerge, check out these two interviews of mine that just came out today.

First StockTickr asks me some really great questions and allows me to set the record straight on a lot of the BS that’s out there. Thanks Dave! PS The guy’s also got a pretty cool product for keeping track of your trading journals…

A few dozen of you participated in the live interview I did on ChuckTV the other day, HERE is the edited version. Clocking in at just over 1 hour, we talk about everything from trading pump and dumps, Saturday Night Live castmembers and drug use on Wall Street to web 2.0, online video and the future of the internet…really interesting convo—thanks again Chuck!

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