Three Small Profitable Trades For TIM; Three Giant Gains For TIMalert-kind
Posted by timothysykes on Thu 3rd of Jul, 2008 02:50:51 PM
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Yup, posted about another couple of trades rather perfectly, even while I personally screwed them up a bit…this has gotta be some kind of record, what is it 10 years of this crap now? Welcome to my life brothas!
Wednesday: After a morning runup, I saw HYGS fading a bit—price and volume-wise, so I pulled up my Thinkorswim live chat to enter in my order (reserved shares in the morning, but just put a note on my account) and guess what I saw, I had shorted 2,000 TGC at $3.49 (thinking it’d never get up that high, I was too lazy to put a note on my account/have to get the chat window open again, the sequel to my original VRML mistake) and now that stock was at $3.75….friggin moron!?!?!?! Wasn’t a bad short in the overall scheme of its chart so I told TIMalert subscribers I’d hold onto it and see how it’d perform, even if it was an accidental trade. Also told em, I was watching HYGS for a possible fade since at $2.30ish, it was only up 5 cents on the day and sellers were looking more determined (forming a wall of sellers with fading buy volume)…
A few seconds later and HYGS has broken $2.30 so I put in the order to short 2,000 with a limit of $2.27…got $2.29, whewww….emailed TIMalert peeps (members-only website coming next week so you never miss anything) by saying “i think if it takes out 2.28-2.25ish, it can go under $2”…just as that was breaking down a bit, TGC pulled back too so I decided to play it safe, covering at $3.44, a 5 cent/share gain, but basically getting me out of a trade I never meant to be in.
A few minutes later, HYGS had indeed gone negative on the day and was quickly heading to $2, but I didn’t like how quick it was—remember, I like fades, not panics (well morning panics, but not mid-day ones as those usually don’t last)—and big block buyers appeared at $2.14, I took no chances, covering at $2.15…..good $250ish profit, but a few minutes later, more stop losses and selling had hit, taking it to under $2, just as I expected/alerted down to $1.90…another $500 profit left on the table…and my accidental TGC had crashed down to $3.20, another $500 for me in a perfect world…(ruors of front running my ass, the longer you hold these short sells the better and both these stocks traded 5-10 million shares/day…so me and all my peeps are but little blips)
Wanted to trade more/short them overnight, but I was out of trades for the day—thanks absurd SEC rules!
Good news is yesterday was just the first down day in the pattern, as I wrote in this morning’s post, I expected much more downside on both and that’s why I reserved shares early, as did TIMalert subscribers (remember, they get first dibs, others usually are late so they get none!)
Both stocks looked flat at the open, but TGC started making a bit of a downward move so I adjusted my limit (today I put it waaaaay high at $4) to short 2,000 shares at $2.80, but some massive market sell orders just took this thing down too quick for me to execute…I didn’t chase, just thought of it as an opportunity wasted…but then those few market sell orders just kept chomping away at the price, down 10%, 15%, 25% on the day—I knew this was just panic selling, so I canceled my short order and put in a buy order 2,000 shares, limit $2.25—actually got a great execution in the $2.14ish area—down 30%ish on the day, pleaseeeee, this was an easy bouncer, especially since all the selling was due to stop losses (which coulda woulda shoulda been fun as hell to ride down on the short side)…within a few minutes, it’d stabilized/bounced and I put in an order to sell limit $2.35…got another good execution, $2.39, 25 cents/share profit, $470. HYGS had also tanked down to the $1.70ish area, proving it’s good to short overnight on the first down day of these plays, especially when support is light.
So one accidental trade, one decent trade and one rather nice trade—again, my horrific trade where I was too early was perfect for TIMalert peeps, the decent and ideal trades were too quick for many…not that you really have to be as quick as me on any of these, since they’re perfect Supernovas, HYGS, dropped all the way to $1.70 today and TGC down to $2!! 1 day holds on my short executions would be $1.50ish/share on TGC (or $3,000 profit) and 50 cents/share on HYGS (or $1,000 profit)…instead of the $800 profit I managed out of all this mess….hmmmmmm
Good thing TIMalert subscribers/you readers made up for my shortcomings, as usual—really banking nicely now, $7,000+ on these plays alone (and that’s just from those who comment!):
Oracle of NYC made $1200 shorting TGC at $2.90, covering at $2.30ish
Reaper pulled in a similarly mis-timed profit of $800!
BJPN correctly shorted HYGS at $2.20, but thanks to Osama bin SEC…still made $180, had to hold his short overnight, his profits wiped away….pathetic (leave a comment on the Osama post to show how ridiculous it is)
Brent made $214 shorting COIN, another one of my short picks I had no time/trades for
LM made a cool $1,000 shorting TGC
Paul emailed me and posted:
Just on time to short TGC. Shorted just over the top after the sell spike @ 3.64 (11:30AM) 1500 shares. Scaled out in 500 shares blocks. Profit 357!!
Getshorty made $180 shorting TGC
Thems actually bought TGC after my first TIMalert on it waaaay back at $1.70, making a cool $2k and thanking me for making his dreams come true…your welcome!
Dude couldn’t find shares to short—not a big surprise, this is the reason TIMalerts is so valuable, subscribers get notified early early in the morn to reserve shares while they can
Rick emailed me saying he shorted TGC at $3.46 and is up $300 on QTWW!
Fantom made just under $500 shorting a whole bunch of plays
Awesome guys, this makes me soooo proud, keep up the good work, keep doing better than me cuz it helps me prove my now 70% return over the past few months is WORST CASE SCENARIO!
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 2 | KIRK | $10.60 | $11.53 | $1377 |
| June 30 | ISRL | $107.97 | $118 | $985 |
| June 24 | LZB | $4.53 | $4.81 | $1240 |
| June 17 | GWSC | $1.86 | $2.76 | $2679 |
| June 15 | SHZ | $1.66 | $1.83 | $280 |
| June 15 | SPNG | $0.11 | $0.18 | $630 |
| June 12 | JAZZ | $2.84 | $3.26 | $380 |
| June 12 | MAPP | $9.68 | $10.07 | $565 |
| June 8 | HEB | $3.00 | $4.18 | $334 |
| June 3 | GROW | $8.64 | $8.96 | $740 |
| June 3 | SYMX | $1.21 | $1.11 | $940 |
| June 1 | USCN | $0.55 | $0.86 | $260 |
Total: $65,674 (421%)
Tim, altogether I made $1300 on the last few days, playing TGC both long and short among others, but around half that is from TGC, and that is including I lost $300 on my MYEC short cause the temporary spike.
Oh, Tim, my wife and I funded our account with $5,700 so far in the beginning of May, and as of today, we’re up 59%, or $3,300, but I only started using TIMalerts Monday, June 30th. So you’re responsible for $1,955 of that increase. It took me two months of making gains and losses on my own to make a mere $1,345. But three days of trading with TIMalerts (three days! — Monday, Wednesday, and Today), I’m $1,955 up on what little is in our account.
So, I extend a big thank you! And the service works people, if you work it!
oracle, who did you open your account with?
TD Ameritrade. Margin account, of course.
have any trouble shorting penny stocks w/ them?
Depends on how early I get in on them. Shares are not always available on heavy volume days that see me arriving late to the party; and they don’t allow you to trade OTC stocks during pre-market and after-market hours using your online account. I was able to short TGC with no problem, but shares of HYGS weren’t available to short, nor were a few others Tim alerted me on, but that’s only because I, as stated above, arrived late to the party. Ya gotta get in early.
Alright guys, no trading for 3 days. Back to life. Brushing up on some research and I might hit Virginia beach with some jet skies.
Talk to you Monday.
& early early in the morning only works if you wake up before 9:00… Gotta’ start getting to sleep before 2:00
did u guys see what TOS just emailed..
omg..they are absolutly amazing…Tim I really appriciate the fact that you introduced them to me..i have generated $450 commision for them using their service and it worth every penny. Their customer service is great compare to old crancy Etrade..
and these guys are releasing their new software that lets you creat alerts based on technical events,,they have added Vwap, and currency trading and etc
i cant waite to test their software.
Hey, in the above post, the links are switched- for the story about my profit (BJPN - the one linking to “still made $180″ profit is switched with the “Osama post” link. Just a small fix, I’m sure.
Now one month into TOS, up a little over $2000!
Biggest hits- STXX, TGC, ROYL, CNEH, HYGS and PDO
Fantom - You live in the seven cities? (the 757, Hampton Roads) or are you visiting?
Please tell me someone made money on GETG? I got completely screwed by Scottrade…placed an order at 3.15 and got restricted. Last time that will happen…I’m switching to IB over my vacation the next couple weeks. Sorry Tim, I would got to TOS but I want to be able to short this POS one day.
Hey guys… if you guys are wondering if TOS allows shorting of OTCBB stocks I have the answer for you…Yes! and here is the email response I received today from an email support question I sent out earlier today.
Thanks for your email and inquiry. Yes, Penson does now allow to short
OTCBB stocks. Simply, let us know the quantity and the stock and price you wish to short so we can enter the order for you…
Have a great evening,
Guido
May be turning into somewhat of a Scottrade though with their restricted stocks that you would need to call in to short… but anyway… does not seem to be any different than when you open up chat support to try and reserve some stocks to short.
Tony, I had that exact same problem! I had to call in to place the order at 3.15 because of restricted bullshit, and the time it took to get the order in, the stock was already up a few more pennies, and I didn’t want to risk it anymore. I was stalking that one all day on Friday… fucking bullshit!
By the way, I had that exact same problem with Scottrade with CNEH at 4.85 last Monday, and GMNM at .017 the week before. Each time I missed out on big gains. Next time I’m just going to suck it up and raise my bid. If it’s any consolation, they don’t charge the broker assisted rate if you have to call in your order on a restricted stock… it’s just the usual online commission. You can modify or cancel your order online too, and also place your sell order online.
welcome to Scottrade hell.Or, any other broker that does this. I guess there is some sec rule they have to follow. Why else would they not want to make the minimum $14 roundtrip easy money. Get my account to 11k and you know where i am going… ‘Course at my current level that may take awhile, with Osama ben sec and restrictions and no shorts below $5 and, and, and,…. OOoooohhhhmmmmmmmmmmmmmmm…
new post:
http://www.timothysykes.com/ti.....530pm-est/