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10 Potential Shorts & Some Advice For You Newbies

Posted by timothysykes on Wed 11th of Jun, 2008 07:58:35 AM
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People ask me how many hours should they spend trading and researching each day and I think many are surprised with my answer: it depends on your personality, trading style and how much you wanna make. For some people it takes a few minutes, some take hours—me, I usually spend a few hours/day researching, but mostly for writing/blogging/teaching purposes as that’s my main source of fulfillment. Yup, superficial rags like Traitor Monthly and sites filled with the 95% of traders who lose $ will never understand, but it’s more gratifying to see messages like Mike making $14,000 in one day using my strategies, making my day with his followup comment “I’m no expert, since finding you I’m a “Timpert”. Never shorted successfully till you came along and turned on the lightbulb!

One trader down, a million or so more to go…yup, my PennyStocking DVD summarizes it all…

To business: yesterday I missed a ton of great plays due to filming all day for a special multi-hour marathon LiveStock this Friday…more details coming later today.

Here are some potential short opportunities (remember many could also be good longs before they start exhibiting the classic fade/drop signs we’ve been discussing here for months):

CSY is a total piece of crap picked by Superman HERE…yes, its got fundamentals, blah blah blah, but don’t give me this under the radar crap, it’s a classically sketchy Chinese company where you KNOW there’s something shady going on, as there is with most Chinese companies, might take months or years to uncover it…that said you don’t short a strong stock just for the fun of it (Superman is that stock right now, passing his powers onto whatever turd he touches) as you’re bound to get squeezed and this chart is eerily similar to his other pick NTI, especially with the low float/volume so sure, $20, why not, let it run, maybe even buy it if you’ve got balls, you know he won’t stop talking it up for a few days and chances are early shorts who don’t read my blog are gonna get squeeeeezed like this fine juice I’m drinkin’ right now

HYHY Let the spammer run, let the spammer run…should be a song

LAUD is a great spammer breaking out, reserve shares and wait for the dip that signals an avalanche

ROYL was such a pretty short, it makes me wanna cry…now missing this one due to filming is something with which I gotta live with…what’s your excuse?

SQNM you friggin Neanderthals, I don’t wanna hear, “I couldn’t help myself, I had to short”…look back at its two previous spikes and see it aint gonna go down quickly and whats more, patterns evolve so there’s less of a chance of a big dip…oh yeah and it’s not a pup and dump, it’s up on positive fundamental news!!!…all you’re doing is scalping and that’s just bad risk-reward-wise…friggin trading addicts, I’m trying to save you fro having to repeat my mistakes, I guess you’ll just have to make ‘em yourself though

SLAT is one I asked yesterday how much longer it could sustain and while I reserved shares to short, trading fro a train station didn’t work very well and I didn’t get executed. Now shorters, look at its history, this ain’t no SQNM, this is the pattern/variables you do want to short again and again!

SURG was an earnings pop good for scalping both ways cuz it moved so much from the open…newbie shorts mighta made $ this time, 25 cents/share wooo hoooo, pathetic, but with this pattern 6 or 7 times outta 10 they’d get squeezed, again bad risk-reward, wait for early shorts to get really squeezed, especially since it’s a bottomer

CRDC is beautifully strong long momentum, anybody who didn’t get that needs to have their eyes examine, thanks to Mike for being the eye doctor for too many of those whose prescriptions have expired

FORC is an awesome spammer, let it do its thing

PTEK looks to break $4.50, but volume sucks and there looks to be limited downside to $4, at best…I hope shorts get squeeeeeezed

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  • novalis78
    tim, what is your take on PARL? Volume is better than PTEK, and yesterday it was gradually fading but did not yet break through 4.60 support.
  • Davey
    hey tim, just signed up for tim alerts. Will I start receiving updates starting today?
  • Tom
    You want PTEK squeezed? Are you still in PTEK? I thought you were in at $4.69 two days ago.
  • craven moorhead
    Timmy, you can hate the game, but don't hate the playa. Your obsession with Superman is disturbing. I would say more, but I'm busy bid smacking some turds today.

    C. Moorhead
  • lmsmith
    Have you been keeping an eye on LBAS? This stock has been hitting new highs......
  • Michael
    Tim, I have shares of SLAT to short, however remember you cant use historical charts on this one due to the fact it is now a new company in a hot sector.
  • Ryan
    Mike 13, congratualtions! Keep posting new picks with short or long bias. Also, tell us exact method you scan stocks every evening you mentioned on your previous post, that way we can learn from you as well as our great teacher Tim!
  • Evan
    Looks like LAUD's broken- maybe I missed it?
  • Rambone
    PTEK has no upside in it. Tanking today as expected. Broke the 4.40 support level. Wait till 4 cracks and the stop losses get hit that's when I'll cover this 2 day short. Yesterday was a beautiful signal of todays destruction.

    TSL finally busting loose today. Only 1 point below cost now as I bought more shares at 37.
  • Rambone
    PTEK cover at 4.10. Shorted at 4.75. Not being greedy on this one might either get a dead cat bounce at 4 or hit the stop losses. Don't wanna gamble.
  • trader@MIT
    Another rough day for anyone who thinks ROYL's gains are to be substantiated. Shorted at 7.81
  • trader@MIT
    Shorting FRBK @ 6.45.
  • trader@MIT
    Anyone else shocked to see no signs of fading on PARL yet?
  • Rambone
    Also short SQNM at 12.05 as support has broken. 70% up in 4 days on test results which were already positive. Lawsuit filed the other day. Whatever it is it will kill the momentum and attract short sellers especially in this environment. Gonna scalp this as it's not the protype pump n dump.
  • Jokey McJoke Maker
    themarketkid: it probably won't have momentum when sykes bashes stocks just so others don't make better gains then him.

    loops: i wake up and it was his first stock he ripped.

    themarketkid: exactly...you can't tell me he doesn't want that stock going higher
    themarketkid: makes him look bad for missing such a gem
    themarketkid: so he just resorts to bashing.

    guido1455: sykes doesnt even trade no more.

    themarketkid: Superman on "thelion" just called Sykes a short pumper...lol
  • Evan
    does the bid/ask on LAUD mean there's 50,500 shares waiting to be sold and 500 shares to be bought?
  • Ryan
    Doublingstock just sent a mass email pumping MYEC and it is already up 8%
  • trader@MIT
    Futures new lows, AD lines low, Diamonds Weak.
    Great day to be short
  • Michael
    Anyone eyeing SLAT? Should go back below $1 once the hype fades from this overvalued 200mill market cap POS
  • trader@MIT
    FRBK looks like a nice short at 6.55
  • trader@MIT
    Now trading at 6.41
    Would've been a nice and quick 2.7% minus spread.
  • trader@MIT
    Crude numbers in 15 minutes, keep an eye on ROYL and other energy-related shorts
  • jack is back
    JUPM... JUPM.... JUPM... No one likes to catch a falling knife, but this puppy is too cheap. I made a nice penny on my long from 1.7 to 2.2. Now, looking to go long again. Any thoughts?
  • trader@MIT
    Crude numbers in 255 seconds
  • Vu-Du
    Shorted WM 5K shares at 5.95....covered about 20 minutes later at 5.80..755.00 profit
  • trader@MIT
    Easy ride up on apple, got to love a volatile market.
  • trader@MIT
    Short the airline of your choice ASAP for a quick percent or so
  • monkiman
    PHM was nice short... got in very late, @ 10.84, got 21 cents...
  • Vu-Du
    UAUA short signal crossover at about 10.07am... didn't hit it..it's running flat right now..put it on watch to see what the whales do with it
  • trader@MIT
    UAUA is a bad play.
    After the Crude numbers came out, it had a 3% run up.
    Doesn't make much sense to me if this stock is an amazing short.
  • trader@MIT
    It's on my watch list, but I need further confirmation, like crossing that 52 week low in another 50 cents before making a move.
  • Rambone
    Cover on SQNM at 11.85 from 12.05. $.20 scalp. Would have expected a bigger drop after it broke 12 so I'm out.

    In IPI at 57.80. Fertilizers are on fire and do fantastic in down markets. Held the 57 support intraday so I'm in.
  • trader@MIT
    Shorting UGE aat 8.82
  • trader@MIT
    Tight stops though, this 11 am conference has bullshit all over it
  • trader@MIT
    Ya, there TGE goes.... (not UGE) it was a spelling mistake
  • i covered my PTEK for a small loss the other day, looks like i shoulda hung around...you'll be able to understand my trades much better now with TIMalerts, updates begin tomorrow:

    http://www.timothysykes.com/timalerts

    of course i'm gonna respect superman, he moves stocks! just as i respect lionmaster for doing the same and disrespect doublingstocks for being incompetent

    of course u can use historical charts on SLAT, perfect top at the same spike last time, its all a self fulfilling prophecy buddy

    nice PTEK trade rambone

    MIT guy, not surprsied WHATSOEVER on no tank for PARL, u'd think people might understand that i've come to avoid earnings plays for a reason, but i guess it takes a while for y experience to sink in
  • rambone, SQNM is for scalping, and i don't recommend that, not surprsing it didnt crack much, its not an ideal play! again go backk to my experience comment, its not arrogance i've just seen soooo many patterns, i know which ones have greater odds of being more volatile/predictable to the short side
  • Al
    Tim

    What cha think about OXM. Not very good news. Spiked up. Think it's a short around 23.40???
  • kcprinters
    CSY total piece of crap? There you go jumping on the assumption again just because its from China and it did a reverse merger way back when instead of IPO (which makes no sense since they were very young when they first went public). Fact is, the new auditor approved all the information from the old one, AND (and pay attention), they don't have the British Virgin Island link that many of the scammers do. Once again, this is the kind of bashing that has no merit whatsoever - you are bashing a $16 company expecting $1.75 eps this year, and likely $2.75 next (minimal judging from yahoo estimates and the upped guidance from yesterday). Short at $20? Its still fairly valued at $35 (see AOB for what an established chinese bio is getting for PE)..but whatever! It DID just get discovered in all honesty because it just recently uplisted and most investors don't pay attention to otc and lower.
  • tight rope
    Wasn't jupm a buyout target in 07 by getty images for 7-8 bucks a share. Now the stock is 1.37?
  • oxm is real company with a falling chart...not interested

    not bashing CSY, i said respect the hype, just dont believe it.
  • Rambone
    Tim,

    When you turn 10K into 3 million like you did you have the right to be cocky. You nailed the action on SQNM since 9 telling everyone not to touch. My logic was the markets were down big and there was a lawsuit however BS it was. When it cracked 12 and held on to 11.85 that was my sign to cover while the getting was good. Definitely not one of your signature plays like PTEK, ROYL or GRO.


    Out of IPI at 58.70 from 57.80. Will try to buy it back under 58 again.
  • Rambone
    Solars are heating up. In SOLF at 18.60.
  • Scott
    Trader_MIT, (or anyone else) did you short FRBK?
  • trader@MIT
    I shorted at 6.45, yes.
    The bank is an absolute joke.
    Take a look at their balance sheet etc.
    1 billion in assets and 400 million in active stock?
  • YngvaiMalmsteve
    I have shares of LAUD reserved. It's a long ways down from where it's at right now. Will short into close if it stays red today
  • Michael
    Surprised no one is interested in SLAT here, looks like maybe a little more buying will come, but this is the classic pump and dump scheme POS. Lithium ion battery producer who wont make any money with too many competitors. Market cap over $200 million. Will be at $1 or below soon.
  • jack is back
    JUPM is starting it's dead cat bounce folks... You all don't like money?
  • kcprinters
    CSY...I respect the hype, and I believe the hype - they aren't piling revenues from related parties like cpsl/sutr do, they did a RM early in operations when it DOES make sense to, and there is enough information available to make me believe they are not just some boiler hiding in a foreign country. I tend to believe the financials are legit, and they will be discovered. You took 3 minutes to quickly look at the story and write it off, lumped in with all the others you call scams. That's what irks me about your style. You don't care about a story, valid or not, you just want your 30c scalp on the short by bashing it down. Of course I know you'll never change your tune as your ego wouldn't allow for it, but your watchers should at least realize the likely truth.

    http://www.skyonemedical.com/About_EN_10.asp
  • Rambone
    Solars have been strong all day. Buying the undervalued ones.

    In LDK now at 38.20.

    These should run atleast until tomorrow in my opinion based on oil prices. Will dump them all then. TSL, SOLF, and LDK
  • trader@MIT
    Watch ROYL on the short; it's having trouble breaking 8.00
  • trader@MIT
    Forget it, just blew past
  • Vu-Du
    Took ROYL long at 7.92 5k shares for a quick flip moved em out at 8.02....500.00 profit
  • trader@MIT
    Nice move, why did you sell at 8.02?
    I would have thought that the 7 minutes of hesitation at 7.99 would have prompted a sell.
  • Vu-Du
    MIT.. I was looking at 3 minute chart... was watching several others and missed the oringinal buy point.. Chart was strong so I entered at 7.92. Volume was still good on the 3 minute chart. saq resistance at 7.99, BUT, still strong volume. Lot of bids underneath...so not to be greedy took the limit order to sell at 8.02...Once the stock climbed through 8.00, that was the psych barrier and it spiked up.sold into the spike on the limit order.
  • sonid
    Question for anyone who could tell me what's going on with LAUD. Its been negative for the majority of the day, but on the Level II there is a bid from ARCA for 85000 at 2.21 does anyone wana explain this ?
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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).

Why Penny Stocks?

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.

Where Do You Find Stocks To Trade?

This is the #1 FAQ (see more HERE) and it is answered in THIS instructional DVD.

Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

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TIM Trades

View All
Date Stock Buy Sell Net
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: $92,304 (644%)