Manipulation Monday: Gotta Buy The Breakouts

Posted by timothysykes on Mon 30th of Jun, 2008 09:23:28 AM

CNEH
I’m long 1,500 shares of this—see detailed post HERE…if it breaks $4.69, I want $5+

Quantum Fuel Systems Technologies (QTWW)
No matter that I ripped this and all its gutter trash alternative energy wannabe friends the other day—that was just to bring some long-term perspective to this speculation—this thing is just a few cents from a potential big ass breakout. $295 is the high, but $3 is probly gonna be the big question as to whether or not it can break…70mil float, only 3mil short, not really gonna be a short squeeze, just alternative energy momo…def. might buy it as its consolidated nicely for a month (although it sometimes take multiple tries to breakout like CHQ and CNEH)

Beacon Power Corp. (BCON) & Hydrogenics Corporation (USA) (HYGS)
BCON trying to go vertical like HYGS, too many stocks with breakout patterns! Guys with balls are long all of ‘em as none are close to being shorts

BPI Energy Holdings Inc. (BPG)
Screw BPG…yeah I said it! Breakout my arse, do you guys not see the horrifically downtrending long-term chart? Have I not pounded it into your heads yet that those charts create bitter shareholders willing to sell into any bounce? My friggin God, people buying this are a whole lot dumber than I ever thought possible. Maybe I just need to promote my PennyStocking DVD more? I’m sure the loss on this one will surpass my dvd’s cost by quite a bit.

Tri-Valley Corporation (TIV)
Uhhh bounce after big spike & drop…not a pattern for me unless it continues bouncing—then I’ll look to short

JUHL
After tripling, it finally faded…too soon to say a big drop is coming, but definitely try to reserve shares to short

Eldorado Gold Corporation (USA) (EGO)
With gold breaking out, this is one speculative play, although waaaay too gradual for me

URRE
Chart says it all, breaking down, waaay too gradual/bouncy for me

IDAE
First down day, no panic, could be a fakeout, reserves shares to short just in case, short on dips with hope of panic, but beware of possible fakeouts

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  • robertsdave23
    Bought 1000 cneh this morning at 4.80 and sold 7 min later at 5. Thanks for the quick $200 Tim! Gotta go to work now.
  • sniper6
    Holding long EGO in size since $7.30
  • Nice play tim!
  • PCola
    Now at 5.11. Impressive. I've mostly just been watching and getting a feel for your trading, but I am now 2 for 2 in "coattailing" you with this long and HYHY short. Moving some money around to get a bigger stack in TOS, so then i will start taking larger positions soon. Good call on this one Tim.
  • lmsmith
    STIll holding my CNEH- from a buy of 4.85 this a.m (Ching Ching) ;)
  • lmsmith
    Okay not going to get to greedy- I am out 1k shares @ 5.16
  • Bought CNEH at 4.85, when should we exit?
  • PCola
    Kevin, you have to decide taht for yoruself. Some are already out, some are holding longer. It depends on your entry, your thoughts on how much higher it will go, and your risk tolerence, among other things.
  • dude75
    CNEH out @ 5.20. Thx Tim
  • brent
    nice going guys on CNEH... Thx. scott OOooooohhhhmmmmmmmm...
  • Andy
    Tim, when did you get out of CNEH? You could be up $1000 bucks
  • Zykosis
    he's obviously looking fo rmore
  • lmsmith
    TGC is doing real well--real well.... should have held instead of a quick profit.... next down day- I will look to re-enter..

    still holding my KBH short.
  • gil
    niccccee my frist trade since i got tim alerts already paid off my yearly subscription
  • Ryan
    As per your request: Bought 1000 shares CNEH on Friday @ $4.67,
    Here is my execution today:
    06/30/2008 09:46 AM $2575.00 Sold 500 CNEH@ $5.15 Details
    06/30/2008 09:46 AM $1,349.30 Sold 262 CNEH@ $5.15 Details
    06/30/2008 09:46 AM $257.50 Sold 50 CNEH@ $5.15 Details
    06/30/2008 09:45 AM $968.20 Sold 188 CNEH@ $5.15 Details

    About $470 profit after fees (I have accounts with different brokers, this one was with Zecco). Thanks Tim.
  • Sykeshater1
    Awesome, another day in piker trading is underway! Making 50 bucks after commissions, admirable work fellas. Meanwhile if you showed some balls you could have made .60 on C already today. Bunch of tools. Keep listening to Sykes, you'll get far
  • sold out at 4.88, like a lil bitch, glad u guys made more than i did! i'm serious, my 60% return in 6 months is totally worst case scenario
  • dude75
    Bought 500 shares @ 4.65, sold @5.20. Would've bought more but was trading with initial deposit into TOS.
  • Wes
    CNEH-

    Bought 100 shares @ 4.65 Friday
    Sold 100 shares @ 5.15 Monday

    $50 profit or 11%

    I'm small time, but not for long!!

    Thanks Tim!
  • Reaper
    Bought 3k shares Friday at $4.642 (including commissions). Sold 1500 today at $4.975 and 900 @ about $5.11. I am still holding 600. Total MTM profit is about $1200.
  • Rambone
    HYGS is ready to make new 52 week on high volume. Todays volume could be record high.
  • Reaper
    Out the rest of CNEH at $5.28. Total profit (after commissions) of $1315.
  • Rambone
    Keep an eye on ABAT. Already fell below 6 today. You see a repeat break it's going to tank to the 5.50 level. At 6.07 now.
  • lmsmith
    Are you serious TIm--- You should have made over 1k with that trade..
  • LM: MY TRADING IS WORST CASE SCENARIO
  • GT4NE1
    In at 4.63. Still in but have a stop set at 5.25. Go, go gadget TimAlert!
  • Rambone
    QBIK new 52 week high. 4.28. Solid support at 4. Could make a run to 5 with this volume.
  • Ryan
    Tim, you locked your profit, that's what count! CNEH is now $5.40 hod (10:39AM EST), I sold way early as well.
  • brent
    ram: u n ABAT ss?
  • jdubya
    Waited to find a dip this morning to buy CNEH (I'm too cheap for TIM alerts yet, but that should soon change). Got in a $5.19. I should get the DVD with TIM alerts package. Is that available yet? Funny that the one guy you can trust is the same one that makes a mockery of the financial industry. Tim, you are Morpheus!
  • Rambone
    WNEA wants to break out from 1.25 level yet volume is a drop in the bucket. Not the type of stock we're playing. Keep it on your watchlist for a volume spike. Hot sector.
  • Get Shorty..... Reloaded
    Got 300 shares on Friday at 4.64 (what a coward) and sold it today at 5.06 (put a stop order at 5.09 went it was at 5.20, and got executed few minutes ago)

    MYEC is having a nice shortable bounce, still short 400 shares, trying to short more into the bounce but neither TOS nor IB have shares..... shame.

    RAMBONE: Great call on HEV, look like it was exactly what you said, fund window dressing. I owe you that coffee again.... Lets go crazy.... make it a Venti.
  • GT4NE1
    CNEH hit my adjusted stop at $5.34.
  • Rambone
    SINO beautiful example of a multi day hold short sell. Once it broke the 10 support it was only a matter of time. Should test 8 this week. Much too gradual of a drop for most though. UEC ready to break 3 level. Good $.50 downside from these levels by end of week if it breaks 3 again. COIN similar patter to SINO on the 6 break. Too gradual for most but solid value seeker short sell. Like getting to Vegas in a car vs a plane. Both will get there it's just the speed of the ride. These were all mentioned last week so too little to late to play now.
  • lmsmith
    TGC---- this stock is moving- LBAS still moving
  • Castanova
    Crap! That dip from 5.25 to 5.10 in CNEH shook me out. So weak.
  • Rambone
    HYGS beautiful intraday. Solid staircase on super high volume. Could gap up in the morning to 2 or maybe even close at that number today.
  • PCola
    Damn, my E*Trade market caster froze, so I thought CNEH was still around 5.40. Went to sell and it was down to 5.25... Gotta learn not to trust that thing, as it's been more flaky lately.

    Oh well, 4.64 to 5.25 not too bad. Coulda been better but can't complain too much.
  • Reaper
    Get Shorty - welcome to the club. I'm still short some MYEC.
  • Kevin
    QTWW testing 3
  • Get Shorty..... Reloaded
    Long 600 shares @ 2.53 TGC. Looks like a pretty decent breakdown to me. Thanks Imsmith. short 3200 shares of BPG at $0.54 looks like it will keep on fading.

    Shorted SINO on thursday and cover late friday for a nice gain, couldn't hold over weekend cause I went crushed on my HEV short on Friday, good thing I hlod my HEV short on friday and then added some more at 7.99 today, covering the whole darn thing at 7.45

    Nice monday morning baby !!

    Now gotta get ready for work (pacific time here)
  • brent
    noticed another thing about scott.. THERE INTRADAY CHARTS SUCK.volume is hardly discernable on the minute. Testing another chart provider and i have all kinds of volume changes...
  • Fantom
    len and kbh still bleeding
    in mer, their starting leak

    missed the cneh, damn't

    Tim said it best, prepare!
  • brent
    rambone: they gotta give up the ghost on ABAT soon, huh?
  • AdamN
    Bought CNEH 1000 @ 4.67, sold this morning @ 5.14 for a net $450 gain after commissions.

    Total gain to end my first month of pennystock trading - $785 or just over %10 for June!
  • Rambone
    CPTC mentioned this one last Fri. Continues the gains from last Fri breakout of 1.10. Next line of attack is the 1.50 mark.

    GNOLF cleared the .40 resistance today. Volume is decent.

    Brent- you know it.
  • brent
    rambone: ABAT limit SS at 5.95... waiting on execution
  • brent
    damnit . . . close.
  • Pumacom
    SQNM getting ready for a move...
  • Pumacom
    For what it's worth, if you want to listen to Lehman for investment advice!

    re: SQNM

    SQNM Sequenom: Lehman says this name is the best small cap idea within their universe (15.94 +0.65)

    Earlier, LEH noted that on announced the pricing of its public offering of 5.5 mln shares of its common stock at $15.50 per share. They continue to believe that SQNM is the best small cap idea within their universe. They believe that SQNM's technology will be highly disruptive and could change the dynamics in the Down Syndrome testing market in a significant way. They continue to believe that at its next R&D day (scheduled for September), the company may provide additional T21 results from a few hundred new samples. The firm also continues to believe that this will be another positive catalyst for the stock and may continue the strong momentum.
  • yaktipper
    How's this for worst case: tried to buy @4.80 before hours, ETRADE says "invalid symbol". Didn't have time to call in to get it resolved.

    Looks like I missed at least 0.40
  • Pumacom
    ABAT starting to move... possible breakout attempt on the daily...
  • Pumacom
    yak- I missed out on CNEH too... had an order at 4.85 at the open that never got filled. No regrets though, plenty of other opportunities.
  • jdubya
    Sold out my position in CNEH at 5.30 for a small profit. Got to get in one these quicker.
  • beinggreat
    Newbie just bought cneh@5.29 (200 shares, first time chicken). Now at 5.37
  • yaktipper
    Not too sad I missed out -- I rode APWR up instead.
  • Pumacom
    Yeah, I rode GSI up a buck too... lost money on ABAT though, but up for the day
  • congratulations on all those nice calls Tim. HYGS looks seems to vertical
  • Kenneth Rosenberg
    nCEY making me rich

    only up 2000% .69 now
    was .03 in April
  • Kenneth Rosenberg
    ncey wow .69
    was .03 in May
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