17 Hot Energy Stocks aka Soon To Be Great Short Selling Plays
Posted by timothysykes on Wed 21st of May, 2008 08:34:36 AM
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PennyStocking DVD students understand worthy trading opportunities only come about every so often—all the normal daily stuff is just too random/unpredictable—so by focusing on these few truly predictable situations, your profitability increases exponentially. If you can keep a cool head when everyone else is going crazy around you, this game gets much easier…that’s right, you 90% of trader losers out there, now is the time to try to recoup your horrific losses! (I’m talking to you, you sad little ETers)
I’ve been posting about PDO, MXC and FPP the past few days—even taking quick losses totaling $400 shorting FPP and MXC too early (wisely as it turned out, as those losses would now be pushing $5,000!! Uhh yeah $5k in gains from the long side, if I had any talent whatsoever doing that, which I don’t)—but only after we’ve gotten 3 strong up days are they prime for potentially predictable reversals, the extent of which we’ll have to wait and see…by now you guys should know the signs fo what to look for.
Since we’ll surely be missing them when they’re gone soon, I gotta link to every other site that’s featuring them HERE, HERE and HERE.
MXC ($10 to $43 vertical action, but its got some fluffy news)
FPP ($2 to $6 worth of vertical action, but its got earnings)
PDO ($10 to $23 nearly pure vertical, but its got earnings)
ROYL ($2.50 worth of vertical action to reverse into)
CPSL (nice sideways action, slightly negative close)
BWEN (waaay too vertical, but already $1.50+ off its high)
MMGW (50 cents to $3, no sideways action yet)
SOLF (nice sideways action, but already had some stop losses taken out, earnings today)
BRN (TheLion.com pump)
QTWW ($1 of vertical action to reverse into)
BCON (only up 50 cents or so)
CPST (too gradual)
NGAS (too gradual)
BEXP (too gradual)
OMNI (only first up day)
MPET (not up enough)
USEG (not up enough, too gradual)
No positions right now, just stalking…
Now you can Twitter any questions/comments to TIMhelp and obviously you can follow TIM on twitter too!
eying up CKX for possible long/short.
had $10 dayrange yesterday from 13.80 to 24.
vol picked up a bit yesterday,on my radar.
How’d I beat you guys posting this morning? Ha
Dam you Mike.
Somebody look at EXII
guys….!!!! BCON..
what do you guys think of BCON?????
Tim CWSI POS if shares are available
http://www.investorslive.com/b.....gy-sector/
all these plays taking off in the pre market looks like another good day to be long
Some of these energy plays are looking like good longs. Energy stocks might be today’s tech stocks of ‘99-2000.
Hey guyswhats your advice with using stops, stop limits, trailing stops on trying to capture some of these early morning spikes when your long and it gaps up?
Yesterday I got stoped-out on MXC which severly limited my gains and even produced a loss onetime when my stop when off on a random gap dip which was quickly filled.
If im watching these like a hawk in the first hour of trading for a potential exit should I just execute using market fill orders and have no stop order so I dont get randomly taken out on some random price gap?
Im up 10% overnight on my FPP,PDO,MXC,ROYL long positions. So im just trying to get out with these gains.
Radar ZAAP today
just sell some Wes, don’t be greedy
Hello all, my nickname has changed. Was JMoates77, now see above. Reserved 2000 ROYL and 3000 FPP for shorting today. With how high these suckers are going to open, we may see a complete breakdown. Tim, would you say a stock cracking is when it passes the threshold of where it opened or where it closed the night before? Using your logic, I would think its the latter. Just as Wes is pointing out, he feels okay about the gains he’s made, overnight so if it cracks the opening he may be less likely to sell immediately. The fear would set in once the thing actually goes red on the day which would be all the gains it made during the day and in pre-market. Your thoughts?
Okay, now my nickname has changed.
Stops are for wimps!
Ummm…Now? yay!
WTF is going on w/ MXC and PDO how high are these going to run???????
shorted 1000 FPP at 7.44….very undisciplined trade
Timmay why Timmay why!!!!!! I wouldn’t short any of these with someone elses money!
davey i sure hope you got out of mxc
I knew that I should have bought some FPP yesterday before the close…oh well…
ouch tim I see your already down about .6/share
Had to reduce my number of shares to 2800 on FPP because of buying power. Still haven’t executed yet. Got 2500 ROYL still reserved too.
It might end up workin out for ya tim!
wow FPP turned right around at 8, Tim you get out around that 7.32 drop
Wow, in the last 10 minutes every one of them PDO, MXC, FPP and ROYL have had major drops. Is now the time?
any thoughts on BCON guys???
nah it was right to short FPP in the morning today, lots of sellers, easy short squeeze, i just didnt wait for absolute panic just above $8….poor timing as usual…i’m holding my 1,000 shares, i think i can cover under $7
Damn its a good day :P Im completly sold out of all my longs by 10 am est. 30 mins into the market and i sold out for a 16.5% cumulative return. Damn its a good day.
LONG: (all positions were for roughly same $ amts).
FPP in at 5.8 out at 7.07, 21%
PDO in at 23.00 out at 26.61, 15%
ROYL in at 5.51 out at 6.45, 17%
MXC in at 41.48 out at 47.00, 13%
————————————
TOTAL RETURN 16.5%
350z read the blog post above and quit whining about BCON, not worth your time!
Wes why would you get out of PDO and MXC!!!!!
Reserved a few of PEIX to short when it falls under ~5.0-5.1 again
@TIM: FPP @ 7.44? You taught us something different.. :-) I will wait for it to fall under ~5.8.
Shorted CPSL @ 7.60
shorted FPP at 7.54, still waiting on ROYL
holding my long fpp till is see it break down a little then I will hop on the short train
Wes, congrats. Smart move.
strange tug of war going on in the 7.40 range
It wasnt my plan to try to time the top, I was happy with my overnight 15% return so I got out, I saw volume fade for a bit and therefore I took that signal to get out. I ignored volume yesterday and it cost me my 30% mxc profit, I didnt want to make the same mistake again.
Plus I had a target 15% return on all these plays, I saw 15% on paper, so I sold according to my plan. I dont regret it. If I had 25k+ in my acct Id be back in scalping here and there, but I dont so I have to take what I can get.
Still, 16.5% overnight aint bad. Basically I just added 1k to my signon bonus (my equity im trading with).
Shorted ROYL at 6
Hard to believe I’d say this, but for a stock that’s up 26% on the day FPP looks terrible. Granted I shorted WAY to early which loses me some credibility, but this is the most selling I’ve seen in the stock. And, this gap up just shows the real panic in buying, which is gonna subside soon enough. Looks like the newbies looking for a quick buck are all that’s left. I’m gonna short more later today if it continues to play out as it has.
And glad to hear your in there Tim!
all out of FPP don’t like the way its acting
I wouldn’t want to have a position in anything energy related with inventory data in 10 minutes. Seems like the market is waiting on it to react.
Hey tim, found another glitch in your site. When you change your nickname to a another name other than your username and choose for that to show up on these posts, the TimBucks aren’t being calculated. FYI. Here we go! Come on big drop on ROYL!!!
nice job wes, WSSurvivor short ROYL at 6.03 , MXC 51.77
Lets see if they sell the news
Shorted FPP @ 7.45 on the downwedge. Shoulda waited for the 7.22 crack, but i gotta itchy trigger finger. Ack.
Missed the initial drop on MMGW as it moved too fast. Got in short at $2.93 when it snapped back. Looking weak now. $2.50 may be hard to crack though.
still should never have tried to pick the FPP top, i just don’t see how much further it can go/sustain this ind of volume…i’m likin the wall of sellers, not that they mean as much in a non pump and dump, but if we can take out 7.30, should be some good gains
Ya my timbucks aren’t working either. Sup wit that.
spammer HYBR breaking down big…finally
does anyone know when to sell short MXC? I am new to this by a long shot. Tim are you going to short MXC anytime soon? It’s around 50 right now.
HATE HATE HATE!!!
My man Wes is trading all day and losing a dollar, sad state of affairs. Dan-O is a j-off Wes, dont take any advice from him
Can’t trade today - 3 in last 5 days - dumb rule
feeling the sqqqqquuuuuueeeeeeeeezzzzzzeeeee
so w/ my first short sale ever i technically made a profit :) got in at 7.60 and covered CPSL @ 7.50 after it bounced back up from 7.40 probably should have waited until this afternoon to do anything but at least i poped my cherry!
Wes - Bulkowski has a lot of technical analysis about how to set your stop loss orders:
http://thepatternsite.com/stops.html#VS
You basically want to set them a little bit over the maximum swings the stock has made in the last few days. Like a lot of things, it is part art and part science - eventually you get a feel for the volatility of a stock just like you do with whether the stock is going up or down.
When should I short?
gabe login at the top of the page, not where the field’s are by the comment box and your tim bucks should work fine
Wow, Tim2788. I’m glad you’re not too broad with your question.
ROYL looks to have great support at 6.
royl, buy orders starting to fade after the oil inventory. If it takes out 6 should get a nice gain on the short side
Tim, FPP is above $8, are you still short or thinking about averaging up?
Tim…you check out MMGW…breaking down big.
Can’t average up when there are no shares available to short.
out of FPP at 8.03, horrible entry, horrible exit, horrible trade, average up but i’m sure that’d break some stupid SEC rule and it’s my own fall for shorting before it went red….i need some sleep, 3 hours/night just makes u do stupid things.
Questions
HYBR, still time to short??
FPP, Tim, why you shorted this one instead of PDO and instead of MXC? Thinking of shorting FPP here around 8, but wondering why this one instead of MXC. Only have one day trade left, don’t want to waste it cause it looks as a hell of a day coming.
jeffmoates - tim saying it only went up 50 cents in the blog or doenst tell me anything that i cant see myself from a chart.. except he donest want to short it yet if that is his only plan.. just wondering opinions on the continuing uptrend.. which is what the general trend is now..maybe for a while? i think it is worth my time…
Covered MMGW at $2.55 from $2.93 … still small time with only 400 shares. I think it could break down further but wouldn’t count on a break through $2.
350Z, go for it, just don’t be a douche about it and keep asking when obviously nobody is interested.
DON’T SHORT UNTIL THESE STOCKS TURN RED ON THE DAY, EVE THEN BE WARY OF FAKEOUTS…TAKING LOSSES SUX BUT ITS BETTER THAN GETTING SQUEEZED THE NEXT DAY AS YOU PROBLY WILL BE IF THE STOCK DOESNT GO RED OR FADE BIGTIME
getshorty - Tim tried to get shares of MXC - none available.
investorslive - love your site - great to have you here on Tim’s blog. As I see it the oil inventory caught some shorts off guard yet it didn’t squeeze things really crazy - really hard not to play pick the top here!
a message for all , stay patient and wait for the red
Shorted 200 shares of HYBR at 5.4, making $26 so far, planning holding overnight since it an allready broken pattern ( and that I only have one day trade left until tomorrow, and sure I want to short MXC , PDO or FPP whatever breaks first).
Anybody coming along on HYBR?
MMGW down about 18% Tim…first day of a breakdown after a few days of a run up. What say you?
sykeshater - sure I made money but its only because the path of least resistance on these is up. I wont even think of shorting untill they have a RED day. Im not hating on any of these shorters like you are, without TIM’s site I wouldnt be making money cuz I wouldnt know about these plays. Mad props to you TIM.
GGRRRRRAOOOOOOOAAAAAR !!!!!!
I was waiting for a break down to short canadian QEC and it got Halted !!!
It will reopen soooooooo down !!!!!!
and without me !!!!!!!
AAAAAAHHHHHH !!!!!!
CPSL fade from negative close yesterday very nice
textbook tim short other than the run-up being somewhat earnings related
too bad I wasn’t in it…
FPP keeps acting like its gonna fade. I still haven’t covered my short at 7.54. I think I’m gonna hold and hope for a big fade once the buyers dry up.
from the chat I’m in timestamped
Oil/gas play:
(May 21-09:32) 13th_FLOOR: SSN 4.70 from pre
Rippin’hit 7.78 ,now going down near 7.20
May turn around my long and short under 7
MMGW Volume is dangerous, less than 10k shares within the last hour….. may squeeeeze…
Don’t forget to just trade shares that are liquid….
I know this isn’t the sideways action to look for but the 8.00 mark for FPP is where its been holding up.
Quick question, and Im not breaking balls here: If you believe so much in Tim and his system, why dont you just give him your cash to trade?? Seems logical right mr fund manager?? Something tells me you all have the good sense not to do that, he is a loser who in the long run woll have no cash to show for it. He claims to be a millionaire, if thats the case why didnt he keep his “fund” open?
Come on baby, fade…fade!…FADE!!!!!!!
hey adam, which acct are u using. I tried to short CPSL using Interactive Brokers as well, but no shares to short. Dammit!
yawn
If ROYL can break the $6 resistance again, there will definitely be some nice gains in there.
I’m not even going to bother shorting these energy plays. They are way too strong and there is no telling how high they’ll go. That’s why I’m buying them :) I’m already up over $350 on SSN today.
I’ve got a watch list of oil & gas plays and EVERY SINGLE ONE, except KOG, is in the green today
resistance on ROYL at $6 has been taken out, I may have missed my chance to get out of FPP though at a $100 loss…that’s what greed does to you.
Hater, you just made us all realize you are a fake.
If you were such a succesful trader as you claim to be, you would understand right away that when you manage a portfolio cash adds up. And trading something with as little flotation as penny stocks you influence prices too much to make the kind of quick gains we discuss here.
Get out of your mom’s basement and buy an economics 101 textbook. Smells like envy, can anybody else feel it ?
:)
AHHH!!!
tried to short sell fpp, no shares available, neither fo MXC neither PDO ? didn’t tried to short this last 2, just checking availability.
And they don’t allow me to reserve shares yesterday, Interactive brokers you officially suck, I am opening my TOS acct now !!!
i think u guys are jumping in a pool of sharks if u wanna short FPP.
Fieldpoint PETROLEUM Corporation??
anybody watch the news about oil these days.. jeeze.. ive been long USO for 3 weeks now. its a no brainer!
Hey what do you guys think of ZAAP. I’ve been watching it for a while now since it was at .45 now its at 1.13. Not sure if there is any opportunity here for either a long or a short. Here is the chart:
http://bigcharts.marketwatch.c.....&time=
Thanks.
fuck it, 1 hour sleep, can’t stay away with all these opportunities
hater, i wouldnt want anyone to give me $, i’ve proven time and again to be undisciplined….you gotta stop thinking like a narrow minded wall street-type, its not just about who makes $ and who loses, its about learning all the angles. when i write about a losing trade, its no longer a bad thing cuz it helps people learn.
i’m not selling a system, i’m selling education, which is much more valuable cuz people can do with it what they want. think of me as a business professor teaching the basics and ideally having one of my students go onto create an empire. except i’m not teaching entrepreneurship, i’m teaching all the risks and rewards of penny stocks and momentum trading
somebody get the defibrulator out, I think the market is comatose. CLEAR!!! 100 kV coming atcha
Get Shorty, you missed my point. You are a piker as well. I could buy and sell you literally 1000X over. I dont tradegarbage ok? I was merely making a point about all of the comments I have been reading on these threads. Tim should I do this?? Tim should I short that?? Doesnt seem like people do a hell of alot of research. Read between the lines you moron
Ha! Go Timmay!
SSN going under 7,short time for me
Seeing as how we’re all stuck playing the only thing that’s hot- energy- has anyone looked at SSN?
sykeshater - how did you make your supposed millions? What’s your trading strategy then?
Bluff
If you are not bluffing get a covestor account, otherwise I may as well argue with the starbucks barista
I’m long SSN. I got in when it was in the 4’s. I don’t know why you would short it. The chart looks like the beginnings of another PDO/MXC. Plus, why short it today? It’s already way up on the day…remember what Tim said about shorting stocks that are way up on the day
I’m not going to short these energy plays because I’d be fighting the momentum if I did. Better to stick with pump n dump frauds
Can’t log in to TimBucks
I trade ETF’s and Commodities mostly
Sorry I cant set up an account, I actually have a real job getshorty, but thanks for the offer.
PS, if you are looking for Dan-O hes putting an extra coat of wax on the boat, Im hamtons bound at 4:00. Hes like Biff to my George Mcfly
Neither do I
Well put, Yngvai.
Sometimes when all you have is a hammer, everything looks like a nail.
Yng- not shorting, just watching. I’ve missed out on most of the long opps if you believe we’re topping out, which I do (Nice job getting in at $4 btw!).
I know many of these energy play are going to eventually reverse, but I doubt the short side is going to be as good as the long side was. Just surprised I haven’t seen this on on any of the watch lists.
Schmuck- i use TOS now switched from zecco. just wish i would have had the patience to ride CPSL for longer, i profited but not by as much as i could have.
and someone mentioned before, yes classic sykes pattern w/ that one. glad i was able to get it on it if only briefly
Tim, what’s your response to Moates’ query regarding when a stock officially cracks in your opinion? Need my Timbucks, but can’t log in on IE version 7.0.5….
Bob (VC),
Yes i posted this earlier about SSN
from the chat I
Investorslive, what screens are you using on marketwatch.com? I’m trying to find your post from a few days ago, no luck. Also, where do you access the screens page on your site? thanks!
YngvaiMalmsteve,
Why short SSN,because I’ve done this for years,probably as long as Tim and I pretty much know when I’m right,
It’s sitting at 6.30 now from that 4 spot
In long from 4.95 out at 7.10
Then short on 7 downbreak
It
Mike- I missed that post (sucks for me!). I’ve tuned out a bit lately as I hit my day trade limit on Friday (just got down to two today), and I’ve been busy at work.
Looks like new support for SSN is going to be just above $6, could continue to climb for who knows how long. I really suck with these energy plays..
On a second thought…. good you didn’t had shares of FPP to borrow at 7.8, now they are at 8.20, squeeeezeeee.
Are we all full time traders, on my side I am student with some time I should be using to study, when I was working my productivity suffer because I was hooked to my broker software.
People working full time and trading, how you manage?
I am starting to work in 1 week, three months project before going back to grad school for half a year more.
here’s one to watch
From the chat:
(May 21-12:13) 13th_FLOOR: GBR 52s 9.30,on fly
At $11 now,haha
Long BDCO 500 shares @ 2.31
Yeah I was just going to mention GBR…I’ve been watching it today. I pretty much missed every opportunity this morning…I thought “man, FPP is up over a buck at market open, I better not buy it now…maybe if it dips” and then the damn thing goes up over $2…*sigh*
My timing needs some serious work ;)
Shorty- it sucks- BIG TIME. Nothing worse than stalking a play and getting called into a meeting, or to a customers site. Bigger downside is that I try to force trades just because I have some time, and I almost always loose money (last week was a $300 down week)..
Jeff C - I think QTWW and MPET are cleaner breakouts/charts than BDCO. They both broke 52 week top side resistance.
new post:
http://www.timothysykes.com/20.....%e2%80%a6/
Look at that drop GBR!
Back under 10,love this volatile crap
I’m watching QTWW too, trying to time a cup and handle formation on BDCO, it is lunchtime though and not cooperating! Thanks man.
Saw this article on google finance about mxc:
“As a result of the run-up, Mexco Energy Corp. now has a market valuation of nearly $75 million despite the fact that it turned only $221,000 in profit last quarter, has a book value of merely $7 million, boasts only $220,000 in cash, and has just two full-time employees”
http://scientifictrades.com/20.....to-handle/
Mike13th,
If you have the day trade buying power, then going long and short on intraday swings works well. But for me, with a small account size and limited buying power, I might make 50 cent gains doing intraday shorts on these, versus multidollar gains by buying and holding energy plays for a number of days. So that’s why it makes more sense for me to do the latter
Wes glad to hear you had a great day. I am assuming you are out parting now?
fpp is going down ..to bad my wire transfer has not gone through yet!…eee dam it
Wow. Alright i have to stop waking up at 1pm cst.
damn! i been noticing all these major drops and pops happen at like 10 est. sigh.
tried to short FPP at 8.08 but no shares at TOS
SSN getting near 7,maybe long time again on/if the 7 cross
your website sux ass. It’s so cluttered, slow and unintuitive. The only reason people come is for the stock picks, not to hear what some stupid narcistic, racist jackass is doing.
none. you are a jackass and a troll. you only came here to rile up the people here and SkysHater1 if you read Tim’s book you would know why he closed his fund and you would also know that his gains are fully audited and on record. Check them yourself. When you are financially independent, you can do whatever you want so Tim’s decided he wants to educate people about pennystocks and destroy the myths about them. How are you giving back to the world?
Hey None, I live in America…we have freedom that came with a cost…but it gave us the freedom to choose….so u have the freedom to leave……bye! bye!…
P.S. You sound like a friend of Tim’s with your language! That is the only part I regret with reading the posts (not professional sounding), but I too have the freedom to leave.
anybody using other brokerages besides TOS and are able to short?
You gotta follow FORC also.
schmuck,
“anybody using other brokerages besides TOS and are able to short?”
Yeah IB rocks with the available shorts,lower commish Then TOS too.
Glad to read that I am not the only panic stricken one to sell FPP, I hope I will not regret it.
I made it out 6.8 ( thought I thought it was 7.05)
Energy stocks are not as easy as one would think, because energy is a necessity so people have no choice right?, wrong. There are many factors to consider and meticulously mull over to find the right companies to give your money to. There are a handful of websites I like to go to daily and see just what they