My Latest AOL Finance Article: True Religion Apparel, Inc. (TRLG)
Posted by timothysykes on Tue 27th of May, 2008 11:51:17 AM
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I’m a short seller so I’m lookin’ and lookin’ for stuff to short and other than KYUS, which had no shares available…anywhere…today at least, all I seem to find lately are perfect breakout plays of real companies! Charts like Third Wave Technologies, Inc. (TWTI), which I mentioned in this morning’s post, and now True Religion Apparel, Inc. (TRLG), which I just detailed in THIS AOL Finance post.
While neither are right for PennyStocking or any short term trading for me, they both have a lot going for them and probly wouldn’t make such bad investments. (Uhhhh I can’t believe I just used the word “investents”. I feel dirty. Blehhhh.) But seriously TWTI is a pure play for testing HPV, an STD that’s infected 20 million Americans and 6 million new ones each year. Good business to be in, even if their losses are substantial…especially if it can truly confirm this breakout by cracking its 2001 $11 IPO price…
And TRLG well, read that AOL article, this could be a fakeout–as the stock has been known to spike then retreat–but the variables are aligned for a substantial short squeeze…
Who knows, this ain’t my game, I have the dark gift–everything I write about turns to sh#@–but maybe just maybe, considering these stocks are breaking out in a pretty tough market environment, they have the willpower to push forward. Time will tell, coudln’t hurt–too much–to tell you guys about ‘em.
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first post.
i think tim is gonna think this is a ptless comment, but i just wanna say, why the hell does anyone want a pair of jeans w gigantic logos on their asses?? is that really attractive to anyone at all??
Haha, thanks Bob. I know how you feel, I’ve been feeling that way from the short side lately.
First post? This isn’t slashdot..
TRLG no room to get squeeze.
I’m not covering on VVUS just yet, I think its going to dip to 5-ish tomorrow. I’m holding.
Wow Fantom.. down to the 5ish huh.. any comment on reason.. just wondering.
dlee,
depends on the ass
Natalie Portman could have a tattoo of Tim on her ass and I would still be all over it like white on rice
i’d go for megan fox then i guess
Anyway, anonymous got it wrong. It is “fr1st p0st”.
Re: TRLG, I doubt many of us are their customers. But some people like that expensive junk.
QTWW may have already had its run-up but it could potentially keep going.
Alot of chatter on this one.
Looks like a short op might be building on XRIT??
guys thoughts on QTWW ???
Short FPP 5.31
FPP goin down, shorted at 5.51
Covered 5.05
holding 5000 shares short of FPP. This is gonna be a 2K day!
If we can get FPP to crack 5 we should be in good shape.
Ya Jeff, damn i shoulda just hold overnight, I just saw some resistance and got scared. ack.
hmm. maybe ill still do that.. heh lets see how it plays out, doubt i can get any more shares to borrow though.
Nice call on it though Gabe. I saw it progressing towards this drop this afternoon, just bouncing on that 5.45 mark.
FPP nice afternoon breakdown
Covered early at 5.01 for a .50 gain on the day.
SCON breaking down
BCON inching up..possible breakout
Bought SPF 3.30, covered 3.43. Either I’m getting better at this or this is just my lucky day.
Covered FPP at 4.85 from 5.61 $904 profit!
FYI Tim, because of your strategy I am up 48% ($19,821 to $29,338.24) in my account from April 29 to now. Thanks.
Even better Jeff you are over the 25k BS!
PEIX short since 4.24; will hold it, looks very weak
Thinking about reshorting FPP on this bounce
Jeff….congrats on your success!
Anyone looking at PEIX
What’s with the FPP bounce? a late afternoon fakeout?
congrats webster and jmoates, much easier on me when the students become the masters :)
Okay back in I reshorted 1000 shares of FPP at 5.27
Webster: how the hell did you find FPP shares to short right now? what are you using?
Learned a trick. In the morning at 8:00am est I put in multiple orders at a higher price than what I will buy for. That way I have 2 or 3 open order throughout the day that I can pull the trigger on and just lower my buy price. So I am still sitting on some FPP open orders right now.
TDA has plenty of FPP shares to short, re-shorted 4700 at 5.22ish. Webster, you thinking about holding overnight?
new post:
http://www.timothysykes.com/2008/05/27/PennyStocking-success-means-new-website-features-quotes-chat/
VVUS is still riding the news wave. It’ll dip again.
IB sucks….I’ve been trying to short for an hour and nothing….and its only a tiny…300 shares order…crap…are you guys holding overnight??
VVUS to $5? too funny dude, u might get $6.50 or even ^, other than that have fun holding, risking further squeezes for weeks/months
Wow I missed this post… and trlg broke out nice today, I’ll keep on watching them. This fad will fall hard.