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!
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TIM Alerts
View All| Date | Stock | Position | Ideal Exit | % Gain |
|---|---|---|---|---|
| Nov 24 | KVHI | Short | $3.70 | 18% |
| Nov 20 | STSX | Short | $3.10 | 11% |
| Nov 18 | PERY | Short | $3.75 | 25% |
| Nov 11 | IIJI | Short | $2.80 | 5% |
| Nov 6 | CVI | Short | $4 | 15% |
| Nov 5 | MECA | Short | $1.95 | 51% |
| Nov 4 | CVI | Short | $4.81 | 4% |
| Nov 3 | NAK | Short | $3.20 | 5% |
| Oct 29 | EVC | Short | $2 | 26% |
| Oct 28 | HSNI | Short | $6.80 | 7% |
| Oct 28 | HSNI | Short | $5.75 | 4% |
November: 9 alerts, 15% avg gain
October: 11 alerts, 14% avg gain
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