TIM 2nd Quarter Review: I Suck But Most Everyone Else In This Joke Of An Industry Sucks Worse
Posted by timothysykes on Tue 8th of Jul, 2008 02:16:52 PM
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After only a decent April (see monthly review HERE) and a heartbreaking (wasted opportunities galore) May (see monthly review HERE), my 14% June return (see monthly overview HERE) basically made my 16.6% quarter, my trading account surging from just over $17k to just over $20k, allowing me to continue to rip on this joke of an industry since even with all my mistakes I’m still doing better than 99% of the people out there, most of whom perform slightly worse than the major indexes (90% of traders lose $, 70% of fund managers fail to beat the S&P 500 cuz they’re schmucks!):
Below are all my trades and best/most important posts from the quarter that was:
TIM’s trades for April, 2008
| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| April 2 | ASTI | $13.10 | $13.13 | $0 |
| April 7 | SYNM | $1.07 | $1.20 | $370 |
| April 9 | PSTI | $4.65 | $5.00 | $330 |
| April 10 | PSTI | $4.27 | $4.38 | $180 |
| April 15 | KOG | $2.82 | $2.75 | ($50) |
| April 17 | VISN | $14.45 | $14.16 | ($180) |
| April 18 | EDEN | $2.35 | $2.55 | $180 |
| April 21 | EDEN | $2.01 | $2.20 | $257 |
| April 24 | PDO | $6.15 | $6.22 | $27 |
| April 28 | PDO | $8.18 | $8.84 | $135 |
| April 29 | MXC | $10.50 | $10.00 | ($264) |
| April 30 | BSHF | $2.61 | $2.55 | ($74) |
April Up 
5.15% (Read full article)
TIM’s trades for May, 2008
| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| May 2 | VM | $3.97 | $4.01 | $12 |
| May 5 | LGDI | 4.42 | $4.67 | $353 |
| May 6 | VRML | $4.42 | $4.36 | ($180) |
| May 7 | VRML | $3.05 | $3.75 | $890 |
| May 12 | CNEX | $7.20 | $6.00 | ($740) |
| May 16 | KYUS | $2.50 | $2.49 | ($67) |
| May 19 | FPP | $4.13 | $3.92 | ($363) |
| May 19 | MXC | $27.50 | $27.08 | ($95) |
| May 21 | FPP | $8.02 | $7.44 | ($599) |
| May 21 | PDO | $27.49 | $26.38 | ($343) |
| May 22 | FPP | $6.25 | $7.00 | $505 |
| May 23 | PDO | $21.00 | $20.00 | $310 |
| May 28 | NTI | $12.00 | $12.47 | $483 |
May Down 
2.67% (Read full article)
TIM’s trades for June, 2008
| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| June 2 | NTI | $13.76 | $13.70 | $50 |
| June 4 | GRO | $6.91 | $7.37 | $230 |
| June 4 | PTEK | $4.90 | $5.15 | $135 |
| June 5 | PTEK | $5.14 | $5.40 | $470 |
| June 9 | PTEK | $4.74 | $4.69 | $53 |
| June 11 | STXX | $4.22 | $4.00 | $250 |
| June 12 | STXX | $4.99 | $5.34 | $659 |
| June 18 | HYHY | $2.26 | $2.38 | $262 |
| June 18 | TGC | $1.69 | $1.78 | $250 |
| June 18 | HYHY | $2.28 | $2.31 | $40 |
| June 20 | PINN | $3.31 | $3.44 | $175 |
| June 24 | URRE | $3.90 | $4.05 | $205 |
| June 25 | URRE | $4.39 | $4.40 | $2 |
| June 30 | CNEH | $4.60 | $4.88 | $393 |
June Up +13.84%
Quarter +16.6%
Fun Times:
Grad student uses my DVD to make $50,000+
Although my strategy also helped someone make $300k
Ding dong, the witch is dead! Or close to it
Newbies gotta learn to shut up…but only on other sites
The most thorough review of my PennyStocking DVD yet
This is what I do on my birthday…can you say workaholic?
Is that really Maria Bartiromo? Wow
Kids, don’t grow up to be Randall Lane, seriously.
Important Lessons:
Gotta buy perfect breakouts like this
Yup, this is what all these stocks are
Trust nobody in this gutter of a profession
Suck on this Dennis Gartman, you just got outclassed BIGTIME!
This is required reading, it’s not optional
This is what sideways price action is
Books you gotta read, HERE and HERE
This is what short selling is, learn it or suffer like everyone else
Stop shorting random penny stocks you friggin hyenas!
Rants:
What I mean when I say Osama bin SEC
Gotta love my haters, thanks guys!
Most financial writers suck too
Now you can Twitter any questions/comments to TIMhelp and obviously you can follow TIM on twitter too!
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TIM Alerts
View All| Date | Stock | Position | Ideal Exit | % Gain |
|---|---|---|---|---|
| Nov 24 | KVHI | Short | $3.70 | 18% |
| Nov 20 | STSX | Short | $3.10 | 11% |
| Nov 18 | PERY | Short | $3.75 | 25% |
| Nov 11 | IIJI | Short | $2.80 | 5% |
| Nov 6 | CVI | Short | $4 | 15% |
| Nov 5 | MECA | Short | $1.95 | 51% |
| Nov 4 | CVI | Short | $4.81 | 4% |
| Nov 3 | NAK | Short | $3.20 | 5% |
| Oct 29 | EVC | Short | $2 | 26% |
| Oct 28 | HSNI | Short | $6.80 | 7% |
| Oct 28 | HSNI | Short | $5.75 | 4% |
November: 9 alerts, 15% avg gain
October: 11 alerts, 14% avg gain
GIGM looks like it wants to explode through 13.00 I am long from this AM. I know its after the fact
PSS to all TIMalert subscribers, we’ll validate everyone toinght, still formatting the site so its commentable like this one
Tim, whats your take on GIGM, looks like a dead cat bounce to me.
ERII re-entered 200 shares at $11.60 with a plan to hold o/n if it doesn’t drop below $11.25 by eod.
Tim do you have link for your fox news interview?
Well, looking at the above, it certainly wasn’t a TIM-MAY!!
Yeah, that was lame…
ERII, took me out sooo quickly, stopped at $11.25…($84 loss)…superman…did you already sell????
Stupidly shorted 100 shares of GIGM at 12.19, can’t get out cause freaking PDT. At least am way up for the day
chec out my buddy’s latest post on tradingmarkets.com:
http://www.tradingmarkets.com/.....-77473.cfm
i am banking on VVUS.. gota be a good gap up tommorow at the open..
anybody in GETG? I shorted at 4.74 after the .25$ dump, looking good so far
Anyone that tracks me on Covestor knows I’m a one-trick pony with APWR — it is currently on its way up in a violent way. I’d appreciate any insights into price/volume and/or effects on shorts for tomorrow’s price action.
I’m with you MarketGirl… I jumped in on that one today too… I’d been stalking it waiting for it to break 7.50 and jumped in… at least a .50c gain tomorrow for VVUS… I’m in ALTH too for another gap up…
Wow… erii back were I bouhgt it, so happy I went out on the high 12s.
GREAT NEWS TO MY FELLOW CANADIANS !!!!
11:24 dingo907: can you tell me how PDT I have available, I did one yesterday
11:25 nickt: how many are you looking for there?
11:27 dingo907: for PDT I mean how day trades I have available
11:27 dingo907: how many day trades
11:33 dingo907: nick?
11:33 dingo907: wondering how many daytrades I have left
11:39 nickt: You are a canadian account so there is not a day trading restriction
WE ARE FREE FROM OSAMA BIN SEC !!!!
BRING ON THE CHAMPAGNE !!!
also reconfirmed after. TOS cdn accounts clear in Canada, that why they are not binded, while IB clears in the US.
So I guess I’ll catch out my IB account and move all my funds to TOS now.
I’m loving it
Tim, been checking out your site lately. Its been a great help! I just wanted to know how I could get my hands on the software you use in the second episode of the first season of Wall Street Warriors. You’re shown using it right as the market opens and you can see all the trades and charts on your screen. Is it free? Did you purchase it?
Thanks
lakhanin
marketgirl, you’re banking on Tim to gap open? Oh “WUS”, I thought you said “WUSS”. :D
If GIGM finishes hod I think we might get a good pop in AM would be a good place to get out.
Sold my long in GIGM and went long in ERII here
I keep looking for weakness to get out of GIGM and then she goes higher so I stay.
any closing action on PDO?
I am out of GIGM 13.35 fo 466.00 profit
Will look to short maybe tommorow or Thursday.
CAEI possible gap open in AM
I want to know why all my trades look very clear, good or bad in the “rear view mirror” ?
ERII, anybody jump in @ end of day?
i love you getshorty.. i wish i knew this sooner…come on timm pack your bags and move to Vancouver…we have the Best sushi here….and guess what no SEC rule…just varified it with TOS trade desk…there is no stupid daytrading limit :)
So apparently most people here are long GIGM, and not short? They’ve had a big run over the last 3-4 days. Anyone short now after today’s run?
My pleasure girl, good to know I have a couple of fellow vancouverites here.
deception, More than likely I’ll be short tomorrow after the $14 mark.
marketGirl, you are awesome on VVUS call! I am in. Also bought ERII at the end of the day, I don’t think ERII is done yet. Waiting Superman to post a great article on ERII on his website.
Glad to see others are in ERII… Hmm, I wonder if a US resident can get a Canadian TOS account if working out of Canada…
how do the taxes in canada compare to the us when making daytrades?
Anyone playing TGC on the short side? Got in @2.64….wondering how low it could go.
Signed up for the alerts today…looking forward to it.
+220 on VVUS
+180 on ALTH
+200 on HALO
-100 on ERII
I was a pussy like Tim and sold my 500 shares at $11… looking forward to the next call though. Holding some VVUS and ALTH for the gap up tomorrow… both broke through at least 1 year resistance (5 year resistance for VVUS) today and should show up on a lot of scans tonight…
new post:
http://www.timothysykes.com/ti.....corp-ncey/
You are welcome .. I was vvus was a great pick
Hey bud,
honestly, how do u make a living trading a USD 20k account producing those numbers?
Jerry, do some research, I trade this small account not because its all the $ i have but cuz i wanted to go back to my roots to show people with similarly sized accounts EXACTLY how to build the up to make this game more understandable to everyone. raking in just over 30k/month now in book, dvd, advertising and subscription sales and its growing/nearly doubling each month…gotta love this joke of an industry for forgetting to teach the little guys!
Ok Tim that’s what I thought, and no offense meant.