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10 Hot Stocks And Why It Might Be Fun To Short Sell Them

Posted by timothysykes on Fri 2nd of May, 2008 09:10:33 AM
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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
vmbreakdown 10 Hot Stocks And Why It Might Be Fun To Short Sell Them

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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  • lmsmith
    Wow Tim- All these stocks listed sounds like buys to me........ hummmmm for the long run that is
  • Tony Ellis
    DAmn Tim, you killing me. I'm long JRJC.
  • Bob the VC
    (Carry over post):

    Hey Tim- loving the new site. I
  • 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
  • Max
    wish I would have been watching MESA more closely - spiking above 1.30 like that was obviously impossible to hold for very long
  • Evan
    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:)
  • 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
  • Dan-O
    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.
  • i hear ya evan, looks like we were both too nervous, weird action
  • Andrew
    Liking the new site Tim! Nice work!
  • cacaosteve
    What about TSFG, up 164%? Also posted under What Do You Think Of This Stock? in forums.
  • Davey
    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.
  • S Adams
    CDS is taking off. It could be the next CHNR.
  • Inkfin
    Tim, TSFG 164% up today.
  • Inkfin
    TSFG was 164 up on yahoo earlier, not anymore!
  • tsfg just misprints
  • BDOG
    CLUB missed earnings but up like %30 still a NO NO?
  • 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
  • S Adams
    Looks like you were right on JRJC. I would not short it overnight though.
  • monkiman
    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...
  • Goose
    VM report earnings on Monday... I just covered as well a lil gain. Expectations can change things around.
  • BDOG
    So you think all the bitter investors might get their money out while its up CLUB....or should i steer clear.?.
  • ju
    TUNE, looks like it could go higher if it ever gets to $4.
  • kev
    Is this a hot solar ready for shorting? 100% today, 200% for the week. SUNV
  • monkiman
    AMKR down nicely... come on, go more down....
  • New article @ Citron Research... Reading it now
  • 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.
  • Rob
    The ride on LNG was great!! (just rub in it a little) Can't say I didn't tell you about it.
  • jron
    What do you guys think of CERS? Downgraded today and looks like it has plenty of room to fall another 15%-30%.
  • Bob the VC
    Anyone watching/playing HDY?
  • monkiman
    AMKR was a good ride... FEED is uptrending, very nice... ARBA looks interesting.
  • J-Mo
    I'm still in VM @ 4.05 from this mornings small pop.
  • YngvaiMalmsteve
    Wish I had stayed in VM. I was thinking about staying in but I got too nervous on the bounce and took a loss.
  • 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
  • Max
    short NXTM at 6.48 been waiting for it to crack sideways all morning
  • Ray
    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?
  • i think u should read my article about not shorting randomly strong penny stocks
  • Ray
    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.
  • will_the_thrill
    watching ncc, just got funding, think it might be on the road to 8
  • jack is back
    Ok... This SOHU (So hoe) chart is out of control. I have been scalping 150 to 250 on this incredible movement...

    Timmy when is that sucker gonna top...

    Next BIDU?
  • josh
    tim..i was regular in your old site..in your new site. where do i track your current trade commentary..
  • lmsmith
    Up swim goes..
  • will_the_thrill -- unless you are seriously good at financial analysis or knowing RE markets, what makes you think you know more about NCC than other people?

    I am cocky enough to think I am good at both of those and I would only play with smaller, more comprehensible banks.
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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).

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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%)