10 Hot Stocks And Why It Might Be Fun To Short Sell Them
VM
After missing out on perfect 10%+ afternoon fades both Wednesday and yesterday (dan you publishing business model!), I shorted 1,000 shares at $4.01 into the market close yesterday…while I’d have preferred to short into some kind of bounce—as it might bounce a bit early today—this thing had too many things going for it: first down day, filling the gap perfectly, after a multi-day runup smack into resistance, a strong long-term downtrend, a history of rolling over after spikes, a failing business, upcoming earnings (where they’ll probly fail some more, as is their tendency)…there are buyout rumors so it’s not an ideal play, but I’ve learned to trust chart patterns much more than humans. It’s really gotta crack $4—if it does, stop losses and the chart pattern should bring it down to $3.6-$3.75 eassssy…not as much downside potential as I like here though and given the tough environment lately, I’ll play this one somewhat safe
MESA
Nice gradual intraday and multi-day uptrending, TheLion was all over this and that’s why they’re on TIMfavs (many more websites coming soon…)
JRJC
It’s baaaaaack, this Chinese spiker is trying to do what it does best, kinda tough to do into such a multi-month downtrend, but it actually helps too cuz lots of shorts are getting squeeeeeezed. This is now the 7th big spike where the last 6 proved to be great shorts—no pattern works the same each time, they evolve baby, as shorts are learning
VNDA
Failing biotech got upgraded by some ANALyst, up big pre-market, hopefully it can squeeze shorts a bit and offer some good old-fashioned downside!
LNG
Holy God is this thing is rolling over so perfectly it thinks it’s a puppy…I’m sick to my stomach I missed it—or wait is that the Korean food from last night? Yah probly the food, this was a falling knife, gotta stay disciplined in what I avoid, damnit!
SQNM
Is that a little genome momentum play I see developing? I think it is—too bad it’s also a solid earnings momentum play, not for me
BGS
Another earnings play I’d normally avoid if not for the fact some ANALyst got involved, trying to be a hero and pick a bottom, recommending SUCKERS investors buy into a horrifically steadily downtrending chart
OMPI
Only $1.70 off its lows although I do like the stink this company gives off, so hopefully it’ll stop rising gradually and really spike so I can sink my short selling 
claws into it
IMMR
Another long-term hard hit gradual bouncer, too gradual for me, it’s like a real company or something—blehhhhhhh…where my frauds at!?!?!
PGTI
You called master…here I am! No PGTI, you’re not worthy of labeling yourself a fraud, you’re just a debt-riddled manufacturer who recently reported good earnings so you’re not shortable cuz it’s all about whether or not you can get out of debt…sorry, I wish you were more of a fraud, stop trying so hard and give into stock promoters—then you could even change your ticker to SCAM—wouldn’t that be fun!
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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!
Stock Watchlist
| XRM | $4.51 | |
| SSBX | $3.28 | |
| APWR | $22.45 | |
| VRML | $2.74 | |
| NTHH.OB | $0.21 | |
| DPDW.OB | $1.04 | |
| CROX | $10.95 | |
| SUNV.OB | $1.48 | |
| AYSI.OB | $2.03 | |
| FORC.OB | $2.32 | |
| CNEX.PK | $4.65 |
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1lmsmith
May 2nd, 2008 at 9:23 am
Wow Tim- All these stocks listed sounds like buys to me…….. hummmmm for the long run that is
2Tony Ellis(TIMBUCKS: $24)
May 2nd, 2008 at 9:26 am
DAmn Tim, you killing me. I’m long JRJC.
3Bob the VC
May 2nd, 2008 at 9:27 am
(Carry over post):
Hey Tim- loving the new site. I’ve even decided to come out of my coop of anonymity a bit for the new site, and use my first name! No longer just a ViciousChicken..
PS- I love the idea of Tim bucks- do I get back pay for finding REED?
4timsykes
May 2nd, 2008 at 9:51 am
out of VM at $3.95 and $3.99, pathetic breakdown, guess today could be either a gradual down day or a short squeeze, either way not my thing
5Max
May 2nd, 2008 at 9:54 am
wish I would have been watching MESA more closely - spiking above 1.30 like that was obviously impossible to hold for very long
6Evan(TIMBUCKS: $3)
May 2nd, 2008 at 9:58 am
Tim,
I got in and out of VM this morning too- 1500 at 4.03 and out at 3.98. Wasn’t liking the the lack of pretty much every one of your indicators. Thanks for the heads up on it though- I’ll always welcome a profit:)
7ivegotstylekid(TIMBUCKS: $82)
May 2nd, 2008 at 9:59 am
anybody short RT at the open, my broker account is restricted. But I threw a short in on my wallst survivor. Only up big from a ANALst upgrade, yesterday. Should fade over the weekend
8Dan-O
May 2nd, 2008 at 10:06 am
PWSV was a great trade, I hope someone got shares. I couldn’t but did a “paper trade” for $460 yesterday. If I had waited I’d have $1,280 imaginary dollars to spend.
Speaking of imaginary money, I can’t log in to start accumulating my TIMbucks.
9timsykes
May 2nd, 2008 at 10:07 am
i hear ya evan, looks like we were both too nervous, weird action
10Andrew
May 2nd, 2008 at 10:07 am
Liking the new site Tim! Nice work!
11cacaosteve(TIMBUCKS: $14)
May 2nd, 2008 at 10:09 am
What about TSFG, up 164%? Also posted under What Do You Think Of This Stock? in forums.
12Davey(TIMBUCKS: $137)
May 2nd, 2008 at 10:10 am
Still holding VM short from 4.01 saw no reason to get out as long as it never got back over 4. Hard to tank super quick when the mrkt is this strong.
13S Adams
May 2nd, 2008 at 10:12 am
CDS is taking off. It could be the next CHNR.
14Inkfin(TIMBUCKS: $8)
May 2nd, 2008 at 10:13 am
Tim, TSFG 164% up today.
15Inkfin(TIMBUCKS: $8)
May 2nd, 2008 at 10:15 am
TSFG was 164 up on yahoo earlier, not anymore!
16timsykes
May 2nd, 2008 at 10:17 am
tsfg just misprints
17BDOG
May 2nd, 2008 at 10:17 am
CLUB missed earnings but up like %30 still a NO NO?
18timsykes
May 2nd, 2008 at 10:20 am
CLUB missed what–the expectations of ANALysts? no dont be fooled by the headlines, all that matters is the price reaction to earnings, people who are actually buying and selling, its their expectations that count
19S Adams
May 2nd, 2008 at 10:28 am
Looks like you were right on JRJC. I would not short it overnight though.
20monkiman(TIMBUCKS: $33)
May 2nd, 2008 at 10:30 am
shorted NETM because on level II, there were no buyers… and now, out of nowhere, there is order of over 70,000 buy … covered with loss…
21Goose(TIMBUCKS: $33)
May 2nd, 2008 at 10:33 am
VM report earnings on Monday… I just covered as well a lil gain. Expectations can change things around.
22BDOG
May 2nd, 2008 at 10:35 am
So you think all the bitter investors might get their money out while its up CLUB….or should i steer clear.?.
23ju(TIMBUCKS: $1)
May 2nd, 2008 at 10:35 am
TUNE, looks like it could go higher if it ever gets to $4.
24kev
May 2nd, 2008 at 10:41 am
Is this a hot solar ready for shorting? 100% today, 200% for the week. SUNV
25monkiman(TIMBUCKS: $33)
May 2nd, 2008 at 10:43 am
AMKR down nicely… come on, go more down….
26Dan-O
May 2nd, 2008 at 10:43 am
New article @ Citron Research… Reading it now
27GoodeValue.com(TIMBUCKS: $14)
May 2nd, 2008 at 11:04 am
SUNV is a nice one-day Supernova. Unshortable on the way down at either TOS or IB. The new Citron article is like the 10th on ARTC.
28Rob
May 2nd, 2008 at 11:08 am
The ride on LNG was great!! (just rub in it a little) Can’t say I didn’t tell you about it.
29jron(TIMBUCKS: $2)
May 2nd, 2008 at 11:23 am
What do you guys think of CERS? Downgraded today and looks like it has plenty of room to fall another 15%-30%.
30Bob the VC
May 2nd, 2008 at 11:26 am
Anyone watching/playing HDY?
31monkiman(TIMBUCKS: $33)
May 2nd, 2008 at 11:32 am
AMKR was a good ride… FEED is uptrending, very nice… ARBA looks interesting.
32J-Mo
May 2nd, 2008 at 11:38 am
I’m still in VM @ 4.05 from this mornings small pop.
33YngvaiMalmsteve
May 2nd, 2008 at 11:47 am
Wish I had stayed in VM. I was thinking about staying in but I got too nervous on the bounce and took a loss.
34timsykes
May 2nd, 2008 at 11:51 am
its good to be nervous on a stock like VM, little losses are fine, i thought the stock woulda tanked 30+ cents by now, you just never know…this is why I like playing volatile stocks, obviously the ideal time to play this was between the high and low 4s…now it could drop, but u got merger monday and earnings coming up, not sure its worth the risk
35Max
May 2nd, 2008 at 12:10 pm
short NXTM at 6.48 been waiting for it to crack sideways all morning
36Ray
May 2nd, 2008 at 12:18 pm
crap, i shorted VNDA at $4.17 - it’s run up to $4.30. Do you think I should just cut my losses, or wait for a fade?
37timsykes
May 2nd, 2008 at 12:21 pm
i think u should read my article about not shorting randomly strong penny stocks
38Ray
May 2nd, 2008 at 12:30 pm
that’s a good point. i’m willing to cut my losses, which is fine, but just don’t know if this would slide back down. i’m only putting $2K into this trade which represents 3% of my total portfolio liquidity.
39will_the_thrill(TIMBUCKS: $36)
May 2nd, 2008 at 1:36 pm
watching ncc, just got funding, think it might be on the road to 8