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Stocks To Play Today & How To Balance Work And Trading

Posted by timothysykes on Fri 23rd of May, 2008 09:22:12 AM
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Took a quick $300 hit this morning, covering my overnight short of PDO for a $1/share loss…just can’t trust these oil plays to rise/fall apart like textbook Supernovas because they’re tied to the price of that commodity. Add in the stocks’ illiquidity, the necessity of taking small losses on my tiny account and since I’ll be prepping LiveStock (remember to tune in HERE at 2PM EST!!!) for the majority of the day today and it wasn’t really a question of me covering for a loss—only the size was in doubt.

Whenever there’s a morning spike like this, you can usually get out for small losses—some times even small gains—because after such a big quick drop, there’s still an overhang of longs who want to cut their losses and shorts looking to enter on any bounce. That creates a nice bit of selling that helps prevent huge spikes, at least at first. Furthermore, as I wrote last night, I knew full well a gap higher was possible, but in my opinion the size of potential gains outweighed potential losses. So, not a bad trade, especially risk-reward-wise.

Just cuz I’m busy today don’t mean there ain’t trading opportunities for the rest of yas. Superman on TheLion.com is on fire with his PDO, MXC and now GBR and SINO picks to go long. He also likes TAYD as long, but nobody takes that pick very seriously. Given the kind of reversals PDO and MXC had, it’s only natural that I’d try to reserve shares of GBR and SINO today. Got 400 GBR, no SINO. GBR is just a total piece of crap, but it’s got a low float and the name change to a more hypable energy-sounding name shows their willingness to pump their stock…since my show begins at 2PM today, I might just scrap the script and you’ll watch me stalk this sucker…or not.

No SINO, no problem cuz everyone and their mother expects it to pull an EFUT, which similarly started out around $10 and surged to $50 within a few days…we’ll see if history repeats, but no use getting in the way right now, especially going into a long weekend where message board chatter will be on the rise, luring in plenty of amateurs.

As for spam stock KYUS, why short it—wait to short until it is a confirmed breakdown if and when it cracks $3.50…until then, you’ll probly just get squeeeeeeezed.

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  • Manoj
    Good luck on GBR, I did not find any shares to short GBR today!
  • Davey
    Just made 425ish on GBR shorted 400 at 12.70ish when it went negative covered 11.70ish.
  • nice davey!
  • Davey
    lol covered too early.
  • covering into a morning panic is tough, i saw it premarket at $16!

    HEK in play
  • Davey
    Yea I didn't want to risk a spike and then have a nasty spread, which is what its doing now. I finally learned the difference between shorting a surging stock near its highs and one about to go negative after several huge days. That is the sideways action that works. I lost on FPP and MXC earlier in the week trying to pick the top and lost because the odds were not favorable, but yesterday I shorted FPP when it went negative and today GBR and the move downward is much more predictable.
  • YngvaiMalmsteve
    Had a $100 loss on FPP this morning. Looks like all the commodity plays bounced back up
  • Webster
    Tim,

    Question: If there are no problem finding shares to short on a stock that normally you have to scrounge to find any, does that indicate anything on how the stock may move?
  • JensGould
    Hey tim I started reading your book. I haven't got to the part where you end up at Tulane but I graduated from Tufts in 06.
  • sonid
    scalped 200 bucks outta TPLM now just waiting for next move... im still short in fpp but want a collapse
  • nah how hard to borrow isnt very meaningful, just potential for greater short squeeze
  • JensGould
    Also I'm still in for 1000 shares of FPP @ 5.42 from 3 days ago. Just shorted another 1000 at 6.23.
  • Adam
    MXC looks like it wants to fall down a bit
  • Adam
    least i hope it breaks 35.50!
  • KYUS ABOUT TO MEET GRAVITY $4.19 NOW
  • About 500k shares have changed hands at $4.15 to $4.20 wow. I can't belive they supported it, here comes a squeeze #1?
  • checked out hek yesterday, they were also just on cnbc ipo and buyout of some china water company. Still in play?
  • getshorty
    Feed flirting with 15 support, come on, there is more than oils in this playground....

    Wait till it breaks though.
  • JeffMoates
    I posted it on the other message board, but I shorted CRED at 16.88, Bought SINO last night at 22.50 after hours, and just shorted FPP at 6.07
  • JeffMoates
    Just wondering when to put my MXC short order in, looks like there's a squeeze goin on right now
  • damn jeff your doing awesome on the day
  • keep AGL on your watch list...will be a good short in the future.
  • SHOOT!

    NO SHARES TO BORROW? HOW AM I GOING TO SHORT MXC?
    CHECK OUT CRED, ANOTHER PUMPED OIL STOCK (NOT QUITE AS BAD AS MXC THOUGH). I went short of PDO because that's all I could get my hands on! 100 measily shares! I wanted 2500.

    Good luck players!
    Big ups to TIMMY! You the man.
  • MXC is just trapping shorts (dumb ones) and faking out longs (dumb ones) into thinking this will sustain and go back up. This has no reason to be up, they are taking advantage of the liquidity - once the liquidity stops... back to $20s

    KYUS indredible !
  • JeffMoates
    Might have been a bit early, but just shorted MXC at $38.07
  • JensGould
    Covered 1000 amidst the tanking at 5.55. Coulda squeezed out another 20 cents but I'm grateful for the return to the mid 5s. Still got another 1000 in. Holding till 0.5!!
  • JensGould
    KYUS is a beast! So glad no shares available. Prolly would've gotten trapped twice today.
  • Here comes the test on KYUS lets see if its toast or they can hold it
  • Bob (VC)
    Nice entry on the spike Jeff!
  • getshorty
    come on feeed, you can do it !!!!, just under 15 !!
  • JeffMoates
    We'll see Bob...
  • getshorty
    JUST GREAT !!!

    Feed broke down and no shortable stocks, I need a hug
  • Bob (VC)
    Wow, TDA has no MXC, no GBR, can't short KYUS. SSN is trending down slooowww, but not sure it's worth my time. Should have gotten in at $5.90 yesterday when I had my finger on the trigger.. Woulda, coulda, shoulda...
  • JeffMoates
    Covered my FPP short at $5.2799 from 6.07 for a cool $1500 profit.
  • getshorty
    Jeff, I really am starting to admire you. You and your broker that can get you all those shortable shares, hope my TOS acct starts working early next week.
  • JeffMoates
    I was up at 6:30 this morning 'reserving' these shares with TDA. It has nothing to do with the broker (well sorta), mostly has to do with early birds get the worms.
  • Short Shot
    ss KOG cuz its a pig
  • Webster
    Still Short with FPP at 5.95 if we can only take out 5!
  • I am running to give ya a hug-getshorty...\o/
  • Webster
    There she goes! Go FPP
  • checkin in and i see PDO at $19...really somebody just knock me out on these plays, usually just a waiting game
  • sonid
    short fpp at 6.40 yesterday
  • novalis78
    i guess i left FPP too early this morning...covered at 5.40
    well, better than nothing
  • Webster
    I am out of FPP with $840 Gain. Love this site!
  • Bob (VC)
    I am the worst trader in the world. I just chased FPP down from 5.30 to 4.85, and got in right before that spike..
  • sonid
    i think it's possible within the next few hours to see FPP hovering around 4.50
  • sonid
    thats a cardinal rule never chase, I lose money every time i Chase to get in......every time
  • JeffMoates
    Gotta get some work done offsite. Holding short positions on MXC and CRED. Holding a long position on SINO. I hate leaving my computer, especially after SINO takes that huge dip, but I ain't leaving no $1000 bucks on the table, when I'm already up $800. I'll risk it. MXC is fluctuating so much around the $38 level and its volume is trash. It is just begging for a $10 drop. CRED is just a bystander waiting to get hit with its float. Good luck all, I'll be back in a few hours!
  • sonid
    PDO at 18.60 Tim your reasons put into action are correct. You need trust yourself more.
  • Adam
    Shorted PDO @ 19.50 covered @ 18.07!
  • VVUS...supernova forming?
  • Joey
    Man did you check IMB? What do you think?
  • new post is up:

    http://www.timothysykes.com/2008/05/23/is-that-...

    sonid, with such a tiny account, couldve easily spiked to 24-25, and when i'm not around to see it...forget about it...wasnt a tough choice at all....

    gotta remember, while i'm trying to repeat my feat, stuff like livestock and ore importantly playing everything SAFELY comes first...gotta prove penny stock trading isnt as risky as most people believe
  • Ban
    Tim,
    What's livestock and ore? Sorry for the dumb question.
  • LiveStock is my internet TV show:

    http://www.mogulus.com/livestock

    planning yesterday's test, definitely took away from my trading but that's life. the "ore" was just to be "more" as in "more importantly"
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Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

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TIM Trades

View All
Date Stock Buy Sell Net
Nov 19 AENY $2.80 $3.02 $1148
Nov 18 NLST $4.16 $4.40 $947
Nov 18 IMGG $1.42 $1.64 $2094
Nov 17 NLST $5.04 $5.59 $2195
Nov 13 VRMLQ $21.50 $22.97 $2901
Nov 11 EONC $2.61 $2.80 $687
Nov 10 EONC $2.74 $3.36 $9784
Nov 6 QXM $4.31 $4.80 $1936
Nov 4 COT $8.66 $8.88 $642
Nov 4 QXM $4.61 $4.89 $822
Oct 30 DDRX $25.70 $26.53 $812
Oct 29 CTDC $4.00 $4.42 $781
Oct 26 AWSL $3.24 $4.10 $2516
Oct 23 RODM $5.27 $5.23 $301
Oct 22 AMLM $2.69 $2.97 $820
Oct 22 USEG $6.12 $6.09 $85
Oct 20 CBOU $8.93 $9.06 $243
Oct 16 VRMLQ $16.79 $18.65 $2773
Oct 13 YONG $11.05 $11.66 $1202
Oct 13 NPHC $0.59 $0.71 $583
Oct 12 IMGG $0.60 $0.70 $682
Oct 9 ZAGG $5.50 $6.10 $2380
Oct 7 GVBP $0.03 $0.27 $702
Oct 1 NPHC $0.70 $0.85 $1482

Total: $98,094 (681%)