I love short selling into stock promoters! Think of it as reverse value investing, the opposite of boring!

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Shorting Into Penny Stock Manipulation Works Wonders But The SEC Still Owes Me $500

Going into today, as I posted pre-market, I thoroughly expected to short LGDI because it had all the right elements—junky company, big run-up, toxic SEC filings and new today no less than 12 paid-for stock promotion pieces! (somebody’s paying biiiig $ for those)

So, I reserved 1,000 shares to short for the day. Been working myself dizzy lately so I looked forward to taking an early morning nap, but when this thing shot up from $4 to $4.75 before 9:45am—or a $140 million increase n top of its already thoroughly ridiculous $700 million marketcap—I couldn’t help but want to bet against it, excitably shorting 1,000 shares just off its highs at $4.62.

I know, I know, in my PennyStocking DVD, I preach again and again how important it is to wait until the afternoon to fade these suckers, but I am a trading addict so there’s really little hope for me. The good news is I’m an experienced addict so I never overdose—as undisciplined as this short was, it was a small position. Just as the stock jumped to $5 and I felt sick to my stomach for blowing yet another trade, I didn’t panic, instead reserving another 1,000 shares to short to get my average price up.

Since the chart’s already gone Supernova, I knew—yes I knew—the end, or at least a pause / slight reversal, would develop either today or tomorrow. That’s the beautiful thing about these plays—you don’t have to be perfect to profit, far from it, you just gotta get close and understand what’s goin’ on—and sure enough within an hour, after the volume faded big-time (meaning the hype fro the paid-for news releases had worn off) and it double–topped at $5, the tank was on so I added 500 shares—playing it conservatively—at $4.78 to get my average cost up to $4.67.

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Made 5% shorting LGDI, see reasoning/ply-by-play in THIS post/comments section, now up 50% even since November

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While raging at the SEC’s rule limiting trades, check out TIMpics, soon you’ll be able to upload your own!

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Stop Trading So Much And Enjoy TIMpics, Talking Photos!

Since incredible trading opportunities like LGDI today (see my reasoning / the play-by-play of my imperfect yet supremely profitable trade in THIS post /comments section) don’t come about every day, I decided this newly redesigned website would not only feature hardcore market / trading content, but also funny stuff, meant to occupy your time during market hours so you’re not tempted to trade the random crap, while also sending you subliminal messages to get you to buy my instructional DVD PennyStocking and book An American Hedge Fund…just kidding…or am I?

Without further bloated introduction, I give you TIMpics! Forget about just regular photos—those are so 1990—these pictures have cool software that allows me to add audio bubbles so you can hear those pictured express their innermost feelings. Get ready cuz these are just the first batch…and soon you’ll be able to upload your own, winning TIMbucks / prizes for the funniest ones…

The Peak—this was it, I coulda woulda shoulda short sold my life that night  

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Manipulation Monday!

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