Submit Your Questions Now To Be Answered Tomorrow On LiveStock!

Posted by timothysykes on Thu 5th of Jun, 2008 12:45:59 PM

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livestock logo Submit Your Questions Now To Be Answered Tomorrow On LiveStock!

LiveStock returns at its regular time tomorrow 1-2PM EST so get excited! The one complaint I got was that last time I missed some of your questions in the chatroom–so this tim tim Timminaay got smart and decided to ask you for questions and tickers ahead of time!

Please comment below with ANY questions you have and ANY tickers you want analyzed…this way you all are happy and I can come up with clever putdowns for idiotic questions and non-volatile stocks…just kidding, there’s no such thing as a stupid question…but definitely no non-volatile stocks or I’ll rip you a new one…that I promise you. (Yah that’s right value investors, I haven’t picked on you in a while cuz you’ve been your typically boring selves–well, you’ve had your chance at primetime entertainment, but thanks to your personalities, you’ve failed.)

I digress, ask your questions below!

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Bob (VC)

Is it true that it is only morally ok to short sell if you do it through a hole in a sheet? :)

Sorry, that was my idiotic question.. I'll come up with something real in a few..

Ryan

For tomorrow:
What is the best way to find fluffs before they skyrocket? Do you look on thelion.com? Read other blogs? Then who to believe other than Superman (look at his NTI today). I love your strategy but isn't there we can go long on fluffs and then short when they are ready, it would be great to find double dipping method!

Rambone

If your 500K was in your account to start the year instead of the 13K how much do you feel it would have been up to?

Bob (VC)

Besides the Supernova what, in your opinion, are the two most reliable patterns you look for in a chart?

sonid

Tim, as a student of yours and a big follower I have watched the DVD and listened to most of your advice along the way. My question for tomorrow's show is there are so many charts and low priced shit stocks around how do you really narrow down which ones you're going to play ? For example almost everyday you list around 10 stocks or so on your site but inevitably you only play one or two if any that day, please explain how you narrow your focus.

younggunz

Are you actually taking serious steps to try and lobby the SEC to change their day trading policies? In my opinion it would be easier to lobby them to lift the time limit for traders that have active account for more then 6-12 months or something instead of trying toget them to completely remove it. What do you think?

sonid

PTEK = fading volume, finally negative on the day and POS. looks like Timmay nailed it again.

getshorty

How about HEK, anybody looking at it, lot of buzz for buying a $ 600 MM bottled water company on china.... looks like a supernova to me, waiting for first down day to short.

sniper6

me & Rambone are double dipping that bitch AQQ right now. short 100 @ $46. No ball kicking allowed, light spanking possible.

Keith

out of RUNU @ .09 50% return

MTXR

Besides looking at yahoo's daily % gainers and the message boards at investorhub and thelion.com; how else are you finding stocks? Are you using a custom scan? thru clearstation?

How do you sign up with all the stock promoters so one can also get spammed with their junk? Who are some of the prominent stock promoters out there?

Max

the only thing keeping PTEK up at this point is short covering imo

Bob (VC)

For the 99.999999% of the people that didn't get the above joke:

http://www.comedycentral.com/videos/index.jhtml...

TomT

1)How can you tell a breakout before it happen? and how can you tell when to get out after teh breakout?

2)TOS is there anyway to set up a screener, since account under 25$k is not allow to use Etrader pro?

getshorty

Hey Keith, when di you short RUNU, I like to short doubling stocks crap as well, however, it is different from supernovas addressed here, in the case of runu I shorted at 0.50 covered at 0.30 and never looked back, you are a brave soul to be shorting stocks under $0.10.

I shorted a little bit of UOMO, their pick for this week, it ususally moves within a range, previous spike at 0.80, then the y move in a range and faaaaddeeeee away.

Moving to more exciting stocks, any take on HEK?

Bob (VC)

When can we use our TIM Bucks?

jesseb

Hey Mike_13th, are you around? I was wondering what your take on PCYC is? Do you think it's going to fade this afternoon, do you think it will be up on the day, maybe gap up tomorrow?

What do you think is going to happen, or what are you expecting. I picked up some shares and have a mental stop, but I'm wondering if I should lower it or maybe even raise it...

Rambone

Out of HOTT for break even. Retailers are hot.

AJF-ESQ

Keith didnt short.....he went long at .06 and sold at .09

Al

SWKS breaking out

Adam

for tomorrow:
finding supernovas is easy, entering and exiting them intraday seems to be my challenge. what intraday patterns are you looking at before entering a short position, intraday short squeezes? I seem to be catching the intraday on the way back up vs on the way down... that a patience issue or is my timing really that bad

Al

SWKS a Cramer pump

Keith

I didnt short it I bought it this morning @ .06 and covered @ .09 on 10000 shares, net $278.00. I received a fancy brochure last week when it was .50 and I have followed it since. Been burned in the past trying to play these brochures.

Keith

Im sorry sold @ .09

Ryan

MXC, PDO and FPP are on the move again.

Keith

HEK doesnt look like its gone far enough for shorting. Lots of support below especially just below 9.00.Means limited downside I think poor risk/reward.

sniper6

SATC looking to bust out to all time highs, I got mine @ $2.35, volume is picking up, get yours now for $3.10, all aboard for a quick gap up!!

AJF-ESQ

anybody watching TMR? up 15% today for no reason that I can see

Tony Ellis

How bout that bottom call on OIL yesterday?

novalis78

someone LONG pcyc?

sniper6

Easy to feel good on a day when the bulls are running. May I suggest you go long DAR if you have sufficiently profited from your shorts today 8>)

jesseb

novalis I am...I'm not sure where it's going though, it has met some serious resistance between 1.40 and 1.45...I was trying to get Mike_13 to comment since he was talking about it earlier...he appears to be MIA.

jesseb

Sniper, good job getting into SATC at 2.35...it's sticking right around 3.09...why the hell can I not pick a stock to go long on that will give me a respectable gain...ugh.

How did you find that one before it went up .70?

sniper6

jesseb- gotta realize it's steady climber, not a spike up, stay long. Giving props the The Fly for putting me onto that one, but do your own research once you get a list of about 10 or 12 names, pick one or two of 'em. Also like WEL long.

novalis78

MIA, LOL. Yes, he mentioned it this morning. Heavy resistance, but stop is in place and we will see how it plays out. Still first day of its breakout move...

PAt

Since you have a taste of making considerably large amounts of profit ..50k in a day like you stated on wsw. How are you feeling about what your doing now?/ what do you miss? How do you plan to make that type of money again?

sniper6

up next, CMOS on the short side. Debating where/when to enter, probably watch it up to the bell.

sniper6

oil getting ready to fuck everyone. Be lucky to close up 50 points.

jesseb

Have you ever seen the pink mist, sniper6? :P

TomT

Nice call Keith.. wish I got in on it..

codyhof

Anyone else still short PTEK?

Keith

Yes I am still short PTEK from 5.48

sniper6

pink mist, purple haze, green clovers, blue diamonds, seen it all. Last time I saw the pink mist it was all over the inside of the mark's driver side window. Messy. Chin up, keep some cash/margin equity handy, and the proper opportunity will present itself.

getshorty

GOt fucked big time on NTI, bought the dvd, should use it more.

Crappy oil plays all over the place, lost 25 cents on fpp short but made 69 cents on cred short.

Scary shit, will let the smoke go away before reshorting.

still short on ptek here, since yesterday.

jesseb

I really need to just get enough that TOS will let me short...I've seen tons of opportunities for shorting, easier to play too because it's easier to tell when it's going to drop, as opposed to when it's going up...

I still have 1500 shares of SPNG, hoping some day it will go up a few dimes :P

noobtrader.08

With the SEC limitation on day trading (is it 3 or 4 per week?), IF a day trader has multiple accounts (ie: brokerages) technically he/she would increase the # of days trades they could do per day... because the SEC day trading rule applies to accounts, not the person... right?

ivegotstylekid

CMOS wait till that puppy's red. PTEK I'm looking for it to go red on the day then I'll get involved. You still in cody?

getshorty

you are right noobtrader, thats what I do, however, it is far from ideal.

noobtrader.08

how much money do you need in your account to short stocks? I realize this is stock dependent, but what is the min $$ for shorting a stock?

I know this question has an obvious answer, but I like random feedback... helps me think outside the box.

jesseb

noobtrader, It's 3 trades that you're allowed - anything over that is over the limit. I imagine they created the rule to apply to an individual...but they can't really enforce that unless they tell all the brokers to talk to each other :P

sniper6

Bone, do you think retail will stay hot? Looking at CACH for a (short) long investment on a pullback.

noobtrader.08

GS,

Why is it far from ideal? Is it not possible to have two monitors going or use alt/tab to go back and forth between the two accounts?

I'm curious, please elaborate... thanks.

ivegotstylekid

spng breakout material just soo cheap that no one really cares I guess, GRO is starting to fade back up. Depending on how much it picks up (and if it stays red) it might be a worthy short overnight hold

codyhof

I am still short PTEK yea at 5.18, feeling a little bit of heat but it should pass.

noobtrader.08

when and why would you "overnight" short a stock?

jesseb

noob, TOS told me you have to have $2000 maintained account balance to short stocks...so you probably want more like $2500+

sniper6

jesseb- my personal experience = having decent long positions got me enough equity to start a margin account, and tho' I short hardly at all, it's alway done with equity, not actual cash. The cash is on hand when needing to cover at a loss.

YngvaiMalmsteve

NTI is a perfect G Pattern/STEPS pattern. Strong volume move, 2-day pullback on weak volume, then a surge on strong volume again.

Best time to buy this pattern is when it confirms the break previous high...high 15's would've a perfect entry. Sketchy to get in now as $20 is going to be psychological resistance.

Another way to play this pattern is a half-position on confirmation of reversal, and then another half-position when it breaks out.

Wish I had played this, as I've been looking for these patterns. I've gotten burned too much lately and my trigger finger is really hesitant now

AlexH

Whats the minimum amount of volume on a stock before you consider shorting?

jesseb

But aren't you technically shorting with both cash and margin? I put $1k into my account and they give me $2k margin...but as my cash drops so does my margin. So I mean, if you have 20k margin, and you short 1000 shares of a stock at $10...and then it goes up to $15 you lose 5k, at which point your cash is now only at 5k and your margin at 10k.

Am I just totally lost? :P

ivegotstylekid

yea thats right jesse, alex if your shorting you want over a couple hundred thousand of volume so you will be able to get in and out quickly. If there's no volume there's nobody to buy your short

ivegotstylekid

noob, you can short and hold if the stock is breaking down and is holding that breakdown till the close. However, you have to be weary of a morning spike

Keith

I have never had a problem getting out of a short. And as far as shorting it is always on margin because that is what you are doing borrowing stock. Margin=borrowed money,Short sell=borrowed stock.

sniper6

well stated kid, perfect case in point is my AQQ short, oh it'll go down, but shitty volume means I gotta wait to cover if I want to bank real $$$, need buyers! For noob, that is why I might end up overnite, or even longer, short. For jesseb, I'm not tryin' to lose more than I can cover cash, then I'd have to sell longs I want to keep (or am holding at a loss waiting for a rebound). It's just a personal strategy, I am at heart a long investor/sometime scalper.

Keith

I would like to see some selling into the close on PTEK.unlike the past 2 days of buying into the close

codyhof

Holding onto my PTEK overnight sleeping easy with todays action even though im only up 4 cents a share.

Also still have my GRO from 6.83, holding overnight as well, great breakdown today, not as big as yesterday but i think i can squeeze a little more out of it.

getshorty

noob, becasuse
-it creates extra work on tracking your results
-If you use one account to cancel your position in the other to avoid PDT, then you incurr in double commission.
- I can barely afford my laptop, no money to oput in fancy two monitor system (full time grad student here)

However, I keep on using it cause there is no better option so far.

ivegotstylekid

excellent trades cody and I'd probably do the same, unfortunely I can't get in because etrade blows

timothysykes

i wouldnt short AQQ or PTEK here, it's call consolidation...here's a new post:

http://www.timothysykes.com/2008/06/05/2-wild-c...

timothysykes

shorty how could u have gotten screwed on NTI? did u not see it was consolidating/getting stronger? punishent is to watch the DVD 2x tonight

YngvaiMalmsteve

Just bought CMOS, SGN, and MBLX into the close today

ivegotstylekid

limit orders killin you cody, price at 5.23, bid 4.55-ask 5.70 that's a huge spread anyone else see that or is my etrade actin a fool

codyhof

im showing that crazy ass spread too, shits bananas

TomT

YngvaiMalmsteve - did you buy or short

YngvaiMalmsteve

I bought them. I've set tight stops though in case these moves don't continue.

noobtrader.08

Getshorty (great movie btw (obviously))

Got it. One question, what is PDT? Thanks for explaining though.

JesseB - thanks for the info... I'm planning on starting with only $5K, although I have 10K to play with, so this will enable to me to short, which is great... can't wait to join the in the fun! I'm being conservative as Tim as told me (all of us) to be.

Keith, SyleKid, Snipe... thanks for the quick replies.

noobtrader.08

Yng-

A couple questions... what is a "G pattern"? What is a "steps pattern"?

Anyone... what is a scalp? and how is this done?

WING

What is your take on FSLR, CAL, DAL and MBI?

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Who Is Timothy Sykes And Why Should I Care?

See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.

Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $58,000+ even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes. Currently he is the #1 ranked trader out of 25,000+ on Covestor)

How Can I Consistently Make Money In The Stock Market?

Hard work, Determination and Know How.

Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

Determination to seek those probable profits out and know how in order to actually profit from them.

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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As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 2000+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.

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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%)