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 $33,956 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.
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).
As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 900+ 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.
This is the #1 FAQ (see more HERE) and it is answered in THIS blog post.
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.
To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!
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CNEH beautiful break out on highs of the day with record volume. This is a protype play you buy into. If things don’t go as planned you sell for a small loss. Can’t be afraid to take a loss on a position or you’ll never make any cash. This thing should gap up on Monday. Limit yourself to $.10-$.15 max loss. JUHL gapped a buck after next day. This one I don’t think will move like JUHL but should be good profit.
yes, thats why i sent out a TIMAlert at 4.60, and bought 1500 shares there too…i fully expect $5+ monday or tuesday as u gotta remember its taking out october 2007 highs also so 4th time is the charm
Got in @ 4.65. Tough to get in though, $ coming over from Scottrade just in time to take advantage.
WNEA is another wind play. These wind plays are pretty hot so once this one gets some volume could be interesting. Definitely needs to take down the 1.40 mark to get on the radar screen.
Great alert you gave out. Good show today too. Talk about eye candy. Hey, I was talking about that JUHL chart you put up not that Maxim model you had guest appearing.
CNEH looks good. I’m long GETG…I couldn’t decide between the two. I may have made the wrong choice
APWR break down on high volume. First type of stock to get sold off in a market crash. If you pull up the long term you’ll see it ran to 32 from 12 since March so obviously very overextended. Chinese stocks go up high and drop just as fast. It only needed one attempt to rip through 25. Previous high before that was 24.83. The 25 support is very weak. Some people might be buying this hoping for a bounce which could happen. If you’re on the conservative side given this market I think this tanks to 20 next week in a red market. I’d be a buyer at those levels. Sometimes having a gunslinger attitude can make you tons of cash in the market. I knew when it couldn’t hold the 30 resistance line it was going to test 25. Problem is it did have a couple bounces on those breaks. Sadly sometimes I pussy out so I never pulled the trigger. If this breaks 24.25 number that’s the number I’d enter at. Good for a solid 2 points and 5 if you have a big appetite for risk.
Hi Tim, I went along with 300 shares of CNEH.
Question. The stock went over the high of 4.55 of october, however it did not went over the may 22nd high of 4.69 (high today was 4.67. However, today closing was the highest ever.
So my question is, do you take into account the closing price, the high price or both?
On the other hand, made the mistake of shorting hev at 7.37 thinking there was some resistance at 7.50. I guess It will move randomly between 7 and 9 something until it breaks support or resistance. Do you see a gap up on monday morning on HEV?
Trying to put some theory together from the dvd.
Thanks
I was working at the hospital today Tim, so i couldn’t watch your show live since their pcs are extremely old and slow.
You made a epic show today, wish I was there! Next week i get off thanks to 4th of July so, I’ll see you then!! Can’t wait.
Holding ABAT and GSI over the weekend…
Scratched HEV from my watchlist after it sunk under 7 and you took back my free cup of coffee. Blew through the 7.50 mark today. I have a close of 7.84 on this one even though afterhours it traded at 8.06. Funds were buying big today which is why you see the 6 million shares and no news that I can see of.
http://www.nasdaq.com/aspxcont.....lected=HEV
Did 400K in AH’s. My opinion is it touches support again as you won’t see this heavy buying pressure on Monday.
I’m seeing tons of funny quotes today.
Look at UEC and URZ. They didn’t close anywhere near those numbers.
Q2 ends this Monday so the fund managers will be doing some window dressing. One reason why HEV had such high volume. Usually takes place near or at the end of the quarter to improve the appearance of the portfolio. Generally the managers are buying hot stocks and dumping the losers.
(Jun 27-12:55) timothysykes: gimme some stocks to cover, i’ve been out all morning setting this thing up
(Jun 27-12:58) 13th_FLOOR: tell ‘em like you say…dont short into earnings plays FINL
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FINL ran into the close like a monster!
(Jun 27-12:59) 13th_FLOOR: Tim,let the secret out about “late” pre hits…we can piler’s on
FINL was a late hit!
(Jun 27-09:20) 13th_FLOOR: FINL steady up
So was HYGS:
(Jun 27-09:18) 13th_FLOOR: HYGS late
So was JUHL:
(Jun 27-09:22) 13th_FLOOR: JUHL late
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(Jun 27-13:01) 13th_FLOOR: tim…maybe show TIV chart
(Jun 27-13:02) 13th_FLOOR: was mini supernova then died on a red floater,in fact 2 red floaters!
That’s a great learning pennystocking chart if ever there was one!
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BBX you poo poo’d but man what a short on red today!
(Jun 27-13:04) 13th_FLOOR: anyone interested i talked about pre leaders that go red,not many a week but BBX a great example
From hod green 2.43 on pre leaders to lod 1.71,so nice
And this awesome short on red:
(Jun 27-11:18) 13th_FLOOR: i saw NANX on ah last
(Jun 27-11:18) 13th_FLOOR: not on pre though
So on ah’s but not pre’s you WAIT for red if it happens as I’ve said.
(Jun 27-11:48) 13th_FLOOR: NANX drop
(Jun 27-11:49) 13th_FLOOR: get down NANX
(Jun 27-11:49) Laura: NANX, I caught the drop at 2.80, thx for alert 13
Closed low of day 2.09!
Down 20%
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One you talked about today:
(Jun 27-11:57) 13th_FLOOR: VLNC slight green
(Jun 27-11:59) 13th_FLOOR: VLNC upping some off red to green
Slight to 14% close.
red to green yeah,closed 14% up.
F’ing delays in loading charts this morning on TOS caused me to miss out on a $1000 profit on JUHL. I was in the chatroom when Mike mentioned the prehit. I couldn’t get the chart to load, and I got frustrated and looked at other stocks. And I ended up missing out.
I am long BPG and TIV over the weekend though. Looking for a gap-up on both of them.
welcometothegutter.blogspot.com
weekend linkfest:
http://www.timothysykes.com/ti.....o-be-sexy/
YngvaiMalmsteve,
Sorry you missed JUHL,hate when that stuff happens,
Anyway TIV and BPG look like you did well on those.
Another penny that should go well next week is FRGY.
Yng,
Just looking over your blog,liked it,we linked it.
I think the guys over at Wealth University have been playing FRGY. I think I remember getting an email alert about it.
why i bought CNEH:
http://www.timothysykes.com/ti.....r-in-2008/
Yng,
Yes,chartinator over at WU can be a wizard on these small ones.
He bought FESI last week at .20,now at 1.06 and BMSN first bought at .17, now at $1
In fact Chart was in the chat Monday talking a bit about FRGY.
(Jun 23-09:50) chartinator: I still like FRGY here.
If you’re in the chat when he drops in not a bad idea to listen if he has anything to say.
He started out with 2 or $3k at the end of October and now he is at almost $89k
The nice thing about the prehits is, even though I’ve missed some good ones, it seems that there’s a good one that runs almost every day. Sooner or later I’m going to get one of these prehits and get a nice big profit off of it.