Archive for May 1st, 2008
April Review is up, a solid 5% gain…welcome to PennyStocking 
, wait ’til there’s a month without any ideal plays, as is inevitable, then you’ll really appreciate talking photos like this
April Review: A Solid 5% Month Defines The Life Of A PennyStocker
April was an interesting month—finished up just over 5% to finish at $18,284. Many great trading lessons, in the first 10 days, I got off to a booming start—as there were PennyStocking plays galore—but I didn’t earn a dime during the second half of the month. Not because there weren’t plays, more due to not being able to properly research/watch the markets every second like I like as I was speaking, traveling and working on this new website. Life usually does get in the way of the trading, but that’s fine—I’ve learned you need balance. Take it one pump at a time, profit as much as you can, enjoy the rest.
And, in case you cared, website traffic, while down slightly from March, grew steadily over previous months, and if you take out that huge one-time gain thanks to my Facebook convo with Ashley Dupre, hit a new all-time high…people are tired of all the finance BS, brutal honesty is the clear solution.
Here are posts you need to memorize for a quiz on Monday:
Successes
PennyStocking is all about predicting 10% price moves
It’s easy, but you gotta find shares to short cuz everybody wants in!
It’s fun when the media helps manipulate prices
It’s even more fun to trade in the airport (not)
TIMRadio #1: Eddy Elfenbein, Mr. CrossingWallStreet.com
Financial blogging has only been around for ages a few years, but already the cream has risen to the top. In my first TIMRadio podcast, I was fortunate enough to be joined by a prime example of that cream, Mr. Eddy Elfenbein, better known by his still-getting-better-by-the-day blog CrossingWallStreet.com. Have a listen and hear us talk about everything from edge-lacking market predictions and Eddy’s old microcap newsletter to my inability to be very outgoing or self-promotional
CrossingWallStreet.com Click here to listen to the interview
Welcome To The New TimothySykes.com, Kinda Like Super Shredder
Welcome to my new website! Check out the official PR…this is three months of hard work baby and its really brought me back to my pyramid-building days…tons of cool features—por ejemplo, click and drag on any of the sections like TIM101 and you can rearrange their position to suit your preferences, vertically—for now
Loading …Understand this is just the ground floor because as you can see, there’s a dozen+ projects goin’ on here, all in an effort to make this stuff more fun, understandable and ultimately help you become more profitable. Over the next few days and weeks, I’ll be going over each new section in detail, but for now, here’s a little breakdown of everything:
Bucks
Rewards for your thoughts—now every time you post or comment you get a TIMbuck, talkin’ with sponsors of all sorts right now, we’ll have a whole list of goodies shortly, wouldn’t it be cool if you post a good pick, and everybody profited and gave you so many TIMbucks that you could cash in your chips to get 50 free trades from GFT? That’s the plan anyway…
101
Where Real Traders Begin—you know all those beginner-type questions? Yah, they all get answered here, got plenty of articles in the works, everything from reading level 2 and my fav. books for beginners to…well, stuff like that…also you can see ALL the details of my trades, good and bad, I wish everybody in this industry would do
Reads
Reading is FUNdamental—bringin’ my whole library back to 1 page, only about a quarter of them on there now, good things take time
Reviews
The toughest critic around—no more 1-2 line answers, name any US stock and I’ll do a full analysis-technical, fundamental and everything else—for $20/ticker, for entertainment purposes only of course (happy you SEC bastards!?!?!), let’s see how this goes
Tv
Real. Fun. Really Funny—just the beginning, got soooo many ideas, just gotta clone myself to find the time to film them all, new clips—not necessarily just me—will be rolled out each day, stuff that’s gonna make you laugh, cry and most importantly, occupy you so you won’t be tempted to trade every damn pattern!
Terms
Nothing but the truth—an accurate financial/trading glossary, not like the one put out by those morons at Investopedia who say it’s impossible to short sell penny stocks and cannot account for my existence or my profits
Why Dennis Gartman Is A Classy Pump And Dumper & Some Other Hot Stocks
COIN
Yup, that old “classy” pump and dumper Dennis Gartman is at it again—re-adding this company with ZERO revenues (and even though they have PRs for everything including partnering with charities but can’t seem to find the time to put out ANY quarterly earnings PRs!)….last time he recommended this in Barorns right around the same price, the stock spiked and he admittedly sold into that strength, c’mon Garty, do your little song and dance routine again so you can pump and dump one more time! (SEC: I gotta remind you underpaid overworked fellas that original Barrons article was such a blatant case of stock manipulation—COIN was the only stock under $1 billion in marketcap). At least true bottom of the barrel penny pumpers don’t hide what they really are—they know they are scum—Gartman does—that makes him a typical industry villain!
Shorts don’t even think about it yet, yes, you might be able to scalp it, but never underestimate a scam of a company whose charts has now determinedly bottomed at $8 and $9…just not much downside here…short-term at least
BSHF
Totally screwed this one up yesterday, went short into a morning dip, looking for an outright panic, didn’t get it, 2 hours too early, seriously, so close, covered for a $90 loss…detailed post coming…when you know you have a busy day, just don’t trade—99 times out of 100, trading takes priority, but since launching this new site today was non-negotiable (and as you can see we’ve still got a ton of bugs to work out), wasting a day watching this stock wasn’t an option…stupid trade, even if it is a great example of how well shorting spa stocks works
PWSV
A spam stock breaking out higher…great example of why I take my profits quickly and don’t stick around to wait for hte FBI to bust in (they’re slow)
VM
To prevent me from trading—yes, it really is that much of an addiction—I turned my trading software off yesterday afternoon, missing this stunning beauty of fader…never say my readers ain’t smart, resident wise ass Ben Bien nailed this in the TIMforums before it dropped big–too bad he didn’t have a Thinkorswim account to short it though! Brand the chart below into your brains. Summary: solid multi-day runner, big-time short squeeze /rumors yesterday, you wanna short when that squeeze starts to fade (although I don’t like rumor stocks), in the afternoon when it cracks the $4.60 range
LNG
Another stock I missed rolling over, over the painnnnnnnnn
GST
Strong little sucker, remember, don’t even think about shorting until you see the whites of their eyes!
CDY
Spiked a few weeks ago, retraced, now it’s spiking even higher…gotta be careful with these, already sucked/squeezed a few short sellers out there
KTCC
Up on strong earnings, sure there might be some retracing going on, but I don’t short small stocks that put up big earnings, obviously the odds of giant success are still against them, but they’re putting up a good fight
TIM 6 Month Review: Earn 47% While The Markets Drop 10%
Yup, that’s right, tiny, loud mouthed, mistake-celebrating TIM just busted a cap in the ass of the joke that is the financial industry by implementing my own brand of PennyStocking, or short selling penny stocks, a niche that’s supposedly random/akin to gambling and according to Forbes’ oh so popular Investopedia, in their definition of short selling, impossible to short sell! Screw them, the graph below says it all:
Maybe in the future more attention will be paid to this accurate definition of short selling —written by somebody who’s made millions from this strategy instead of some wannabe who’s just the latest journalist joker…you guys remember Sri, the theater major over at CNBC (fired yet?) and TheStreet.com guy who wrote about a product the company had already sold (fired yet?)! How could we forget—after all, their jokes have been very profitable for me and my readers.
Sorry, I digress—my blood is boiling from the amount of misinformation out there—this is a time for celebration and review. After all, while I made plenty of mistakes, a 47% return in 6 months is something to be proud of. So, take a look at all the most important posts during this journey, I promise, no matter what Investopedia says, this strategy is alive and well, legal and learnable (and to you haters, just wait until you see what I can do when I no longer have to deal with the pattern day trader rules, I plan my speaking schedule better and I’m not building a revolutionary new website…when TIM reaches $100k, it’s gonna be damn fun shutting you up as I make $50k+ in 6 months):
Successes:
Shorting Into A Factually Inaccurate Article
How I Made An 8% Return Before Lunch
How I Made 25% Just By Holding A Distinct Pattern Overnight
Why My Strategy Works Even For Stupid People
God, I Love Short Selling Penny Stocks!
Failures:
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136 Books
Up 52%
20 Videos
3 Podcasts
8 Talking Pics
65 Links
Stocks Review
UPDATES
May 16, 2008My whole KYUS saga...still a solid profit of $350 today, the only time I shoulda been playing this stock
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!
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