I had always thought it would be great to short these scam Penny Stocks when they get pumped up, but was under the impression that you couldn’t do it as a retail trader (TIMblame: Investopedia as it took THIS blog entry for them to change their definition!). The first time I saw you on WSW talking about shorting promo’d stocks, I screamed to my wife in the other room “Honey, this is what I was telling you I wanted to do!”. She rolled her eyes and continued whatever she was doing. I really enjoyed the show, and still do, even though you don’t seem to like this season.

Anyway, I looked all over but could never find a place that would let you short Penny Stocks. I gave up that dream and went to work on some other ideas that I had. (For example, the program that I wrote to scan for insider transactions which I am up over 50% since December).

I hadn’t even thought of your name in probably over a year, and then a few weeks ago you popped onto the CNEX board to announce your short. I had bought about 3000 shares after the reverse split at between $1 and $1.30, so I was happy to see it spike to $3, but was kinda bummed it had been so badly diluted, and that it was being spammed. When you said you shorted it, I immediately had my interest in shorting renewed, and I followed you to your board to find out where/how you were able to do it. I signed up for TOS as soon as I could, but the money didn’t get into the account until CNEX had run up to $7 and back down to under $3 so I didn’t short (although in retrospect, there was still a lot of meat on that bone since it’s around $1 now).

I obviously signed up for your alerts, and assuming things go okay for this first month, will get the DVD after this month is up (and the annual alerts if you still have the $495 package). I’m excited about this, and also kind of thankful that I did NOT find this out earlier, because I have become a MUCH better trader in the ~3 years since I started, and know better than to just follow blindly, which I would have definitely done in the past. I know which ones I am comfortable playing, and know enough now to not trade just to trade. I think I can do very well combining your strategy with the one that I created. Thank you for the opportunity, and introducing me to TOS.

I’ll probably be at your board fairly regularly from now on, although I probably won’t post all that often.

Take care, and good luck to us both.