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Posted 6 days, 22 hours ago. http://timothysykes.com/2008/05/09/10-hot-stocks-other-cynical-views-on-the-trashy-world-of-penny-stocks/

10 Hot Stocks & Other Cynical Views On The Trashy World Of Penny Stocks

Tags: Hot Stocks, Manipulation, Potential Plays

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 View definition in a new window profits will be that much greater when the whole world is in the midst of a crippling depression!

STATS
No, it’s not a ticker, just thought I’d share that 8 days into this new month, we just surpassed all the page views for December—that calls for a quintuple jewwwww yahhhhh!

CTDC
Great example of why you don’t short randomly strong penny stocks…Let it have its day in the sun, after all, this eternally trashy company just changed industries specifically to hype itself up! You don’t think I know what I’m talking about? Fine go ahead and short it, you’ll either make 50 cents/share or get squeezed $1-2, have fun with that craptastic risk-reward

SUNV
Great example of why you take profits on the reversal and then you move on when it stops going down

ENT
I’d never buy this kind of breakout, classic classic slight afternoon intraday/multi-month breakout above $3 followed by a little tankage—pros trying to create a self-fulfilling prophecy

NNVC
One of the all-time sleaziest companies out there, it ain’t spiking’ cuz its got a future, its spiking cuz its paying to be spiked! Nothing special, just the usual suspects

SYNM
Just because they’ve moved to the Nasdaq doesn’t mean they’re gonna stop paying promoters…it’s a gradual riser now

JYHW
Don’t forget about buying this one if and when it breaks $2.75, they’re a proven pay-to-play pump and dumper

HYBR
Speaking of paying companies, this one is near legendary and is trying to get back in the game. Anybody got a spare $100,000-$200,000 to loan them?

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170 Responses

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  1. 41Dan_O

    May 9th, 2008 at 10:32 am

    Davey, I love charts man, I like setting targets because it allows me to track 30+ charts a day. Also, I trade option collars (not on MOMO’s) so it helps estimate the strike price to buy and sell.

    It’s more of a “heads up” thing for me, and I never trade on triggers.

    Anyway, thanks for posting your entries and exits here. I’m still not as good at this as you are and it helps to look over a more experianced shoulder.

  2. 42Bob (VC)

    May 9th, 2008 at 10:35 am

    JMoates- for TDA, you just need to make 5 trades in a month (or something like that) and you are upgraded to Apex w/free Level II and Bookviewer (which I prefer). Right now according to the Bookviewer, there are about 7200 combined buy orders at $3.40, but that is the only big block on the radar. There also looks to be about 3x the number of sellers as there are buyers.

  3. 43Dan_O

    May 9th, 2008 at 10:35 am

    JMoates, bluff them into giving it to you for free. Tell them you’re thinking of moving over your account from blah blah brokerage to TDA and you want to see what they offer.

    You gotta hustle ‘em.

  4. 44theprinceofinvesting

    May 9th, 2008 at 10:40 am

    Guess Circuit city’s closing price and win $$
    http://thefreshprinceofinvesti.....win-money/

  5. 45Davey

    May 9th, 2008 at 10:41 am

    Don’t spam princeofinvesting…take that to yahoo

  6. 46Al

    May 9th, 2008 at 10:42 am

    OR is PDO a fake out break out????

  7. 47bullpicks6

    May 9th, 2008 at 10:55 am

    GTXO has been a heckuva pump, should start losing momo soon…

    EGTS looks like a pump getting started as i said

  8. 48Dan_O

    May 9th, 2008 at 11:07 am

    Anyone else scared off by uniform bid and ask quantities? Can there really be 30 buyers and sellers buying and selling 500 shares every few cents.

  9. 49JensGould

    May 9th, 2008 at 11:25 am

    Dan-o if youre looking at otc.bb stocks thats all you’ll see. They don’t usually list actual orders.

  10. 50monkiman

    May 9th, 2008 at 11:27 am

    VIT getting raped…. i love this game.. lol

  11. 51Dan_O

    May 9th, 2008 at 11:30 am

    JensGould, I thought it was someone buying and selling the same shares to themselves tryign to churn the price higher.

    You still watching WSCI, It’s getting close to that neckline.

  12. 52Goose

    May 9th, 2008 at 11:47 am

    Millionairemind - props to you man..Good entry at the support

  13. 53Goose

    May 9th, 2008 at 11:52 am

    Only I had a bigger position in it. SSBX just in case anyone is wondering

  14. 54Goose

    May 9th, 2008 at 12:01 pm

    Millionairemind - when do you plan to exit that ?

  15. 55Sykes hater1

    May 9th, 2008 at 12:02 pm

    Ohmy god Tim, I just mad six dollars using your strategy!! It really does work!!

  16. 56Bob (VC)

    May 9th, 2008 at 12:03 pm

    VRML- there is about 7500 shares worth of buys sitting just below the bid. How big of a spike will this cause if it’s hit? Anyone betting?

  17. 57JensGould

    May 9th, 2008 at 12:08 pm

    Dan-o which stock are you looking at?

  18. 58JensGould

    May 9th, 2008 at 12:08 pm

    Who likes 27k share sell orders on lgdi? This guy!

  19. 59PETEKUSH

    May 9th, 2008 at 12:15 pm

    GPOR TANKING NOW great shortr supernova

  20. 60ivegotstylekid

    May 9th, 2008 at 12:21 pm

    coin getting close to it’s resistance look out the next couple days, usually goes around 8 and gets a pump

  21. 61Dan_O

    May 9th, 2008 at 12:23 pm

    WSCI, yearly view you mentioned yesterday that there was a H&S

  22. 62Jesse

    May 9th, 2008 at 12:23 pm

    I received “An American Hedge Fund” today. I cant wait to start reading it.100_1671.jpg

  23. 63novalis78

    May 9th, 2008 at 12:25 pm

    XRM supernoving on loss report. LOL.

  24. 64JensGould

    May 9th, 2008 at 12:31 pm

    Yeah it definitely is getting close Dan-o. It would be nice to see a little more volume.

  25. 65JMoates77

    May 9th, 2008 at 12:31 pm

    Bob, the spike won’t occur if it’s a limit order. Only if it was put in as a market would it increase.

  26. 66JensGould

    May 9th, 2008 at 12:33 pm

    Actually if WSCI can close below the neckline though it could make a decent overnight short and cover into a morning sell off.

  27. 67Dan_O

    May 9th, 2008 at 12:34 pm

    Tim, PSTI… ASK is 3.05, should I wait till the close?

  28. 68be-the-ball

    May 9th, 2008 at 12:36 pm

    Tim,

    XRM?

  29. 69YngvaiMalmsteve

    May 9th, 2008 at 12:38 pm

    XRM is an earnings move. Short at your own risk.

  30. 70Sykes hater1

    May 9th, 2008 at 12:38 pm

    Jesse if you want to make good use of that book, take it into a mens room stall, wipe, repeat.

    Calling Cilantro a Hedge Fund is a joke. No one would give this fool money to trade, was apparent on WSW

  31. 71Jeff C

    May 9th, 2008 at 12:38 pm

    Anyone long HDY, GTXO or ENT today?

  32. 72Dan_O

    May 9th, 2008 at 12:38 pm

    Doesn’t matter anyway, TDA won’t allow it.

    It’s like a bad marriage.

  33. 73Bob (VC)

    May 9th, 2008 at 12:38 pm

    JMoates- thanks for the info. I guess I never really thought about it.. Some times I realize just how little I know.. Maybe I Should Buy Tim’s DVD! :)

    Actually, it is on my list of things to do, but seeing as how Tim hasn’t posted in a little while, I though someone needed to plug his DVD!!

  34. 74Mark

    May 9th, 2008 at 12:39 pm

    Does anybody out there know how I can start getting my hands on these good ones. Think or Swim hasn’t had anthing I’ve wanted for the past 3 days. Are any of you having success shorting OTC/under $5 stocks at other brokerages?

  35. 75YngvaiMalmsteve

    May 9th, 2008 at 12:40 pm

    I’m short NNVC, entered at $1.09 earlier today. Was fading but now it’s hopped back up. Doesn’t seem to want to crack below $1.05 yet. Hit down to $1.05 but now it’s back up to $1.10.

  36. 76Dan-O

    May 9th, 2008 at 12:40 pm

    LOL Bob you f’n shill!!

  37. 77Millionairemind

    May 9th, 2008 at 12:41 pm

    Ben_Bein, sometimes crappy bank works, and it did today. Like I posted about the huge block SSBX buyer this morning. I entered a long position on 1600 shares at $2.02, sold at $2.52, nice $800 gain. This credit goes to investorslive! Thank you investorslive.

  38. 78YngvaiMalmsteve

    May 9th, 2008 at 12:43 pm

    Mark, you have to reserve your shorts early in the morning. Otherwise you’ll never get them.

  39. 79Davey

    May 9th, 2008 at 12:44 pm

    Looks like VRML just might fall below 3.40 finally

  40. 80timothysykes

    May 9th, 2008 at 12:44 pm

    Just finished up a great interview to find VRML tanking PERFECTLY, just 2k left at $3.40, then the tan should really be on

    Sykes hater–dont me mad my strategy works, just shoulda shorted VRML when there were shares available and then you’d be happy too!

    Latecomers–you aint gonna find any shares,, keep trying though…early bird gets the worm–sometimes you gotta be days in advance, just the way it works with these plays since there’s literally a 90%+ chance of them dropping

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UPDATES

May 15, 2008

Yup, by next Monday, everything's gonna be real working-like!

May 15, 2008

PDO, 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, 2008

No 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!

May 15, 2008

Lots and lots of new sketchy stocks to watch

TIMtrades

Learn from my successes, learn from my failures, learn from TIM. Learn more HERE.

Date Stock Buy Sell Net
May 12 CNEX $7.20 $6.00 $740
May 7 VRML $3.05 $3.75 $890
May 6 VRML $4.42 $4.36 $180
May 5 LGDI $4.42 $4.67 $353
May 2 VM $3.97 $4.01 $12

Total: $18,590 ( 50% )

TIMreads

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