Archive for May 9th, 2008
Feel Good Friday: Nailing A Perfect Short Sale On Vermillion, Inc. (VRML)
Was I bitter that a stupid mistake cost me between $750 and $1,000 in missed profits the first time VRML squeezed the shorts (as I posted helping other, not knowing I was already short!)? You bet I was! Was I going to let it influence my future trades on that stock or any other? Hell no!
So, after surging pretty much straight from $1 to $5, back down to $3 and then squeezing a few over confident shorts to $4 in a few days all on an ill-researched media story, on Wednesday, I posted how I shorted 1,300 VRML (all I could find) at $3.75, a little too early, but I was confident since I knew this thing would be volatile and shorts would be aggressive.
A few hours into my short, when it was a typical 25 cent profit (as you know I take too many of those) in the $3.50 range, I posted how I was gonna have patience on this one and cover under $3 cuz it was one of the few truly ideal PennyStocking Supernovas to pop its trashy head up in the past few months, even if as I also noted that this was the 3rd great shortable penny stock 
action in as many days (LGDI which I made $350 on and VRML round one, where I screwed up and lost $180, even while calling it perfectly for readers!)
VRML about to crack $3.40, could take 20 minutes or so, enough time to listen to the latest TIMradio podcast with Thinkorswim founder / industry badass Tom Sosnoff!
TIMradio #3: Tom Sosnoff, Founder of Online Broker Thinkorswim
As I sit here waiting for the near-inevitable crack in VRML’s stock price, I thought I’d offer up a podcast for your listening and learning pleasure: You’ve all heard me talk about how much I love and recommend Thinkorswim as a broker–not only do they have the best customer service/software, but they have solid borrows through Penson and most importantly, the people at the company actually try to help customers instead of ripping them off. Maybe that’s why there’s a Chicago-based firm, not NYC.
So for TIMradio podcast #3, I was fortunate to have a fine little chat with the man behind the curtain, Thinkorswim’s founder himself, Tom Sosnoff. Besides being a legendary options trader and frequent industry speaker, he’s one hell of a laidback / good guy…one of the few out there…so I hope I can still be like him when I’m that rich! Somehow I think all that power and money will go to my head…we’ll see.
Interview with ThinkorSwim Founder Tom Sosnoff
PS You’ll hear me say this is the first TIMradio, well, it turned out to be #3, but it’s still #1 in my heart :)
10 Hot Stocks & Other Cynical Views On The Trashy World Of Penny Stocks
VRML Still 1,300 Shares short @ $3.75
LGDI
Both are supernovas, LGDI near its highs, but VRML still up waaay more %-wise…both have fading volume, both can still squeeze shorts even though they’ll probly fail. I’m short VRML cuz it’s up on stock promoters, ill-researched media story and best of all the company is a truly failing biotech microcrap in the same vein as REED, VION, DARA and PSTI—each of which also jumped 200%+ and have now retraced ALL of their gains (PSTI is only halfway, but give its also the newest)
VRML coulda woulda shoulda gone negative on the day, cracking the key $3.40 yesterday, but they smartly issued a fluffy PR I won’t dignify linking to (they formed a committee)(you think they don’t know that would squeeze some shorts c’mon, this is the beauty of pumping–they don’t have actual business to tie them down, their business is getting the stock up!…still, after an initial spike, very nice gradual downtrending all day, great sign, sooner or later, we’ll get some panic selling
HDSN
You can’t stop this air conditioner play (seriously) after it just reported solid earnings…good for 25 cents/share intraday peaks and valleys, if you’re into that sort of thing
OIL
Woooo $125, I don’t care. I hope it goes to $1,000, then we’ll get plenty of great oil pump and dumps and our short selling profits will be that much greater when the whole world is in the midst of a crippling depression!
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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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