10 Piece Of Crap Stocks, Gotta Love Trading ‘Em, The Patterns Are Soooo Predictable!

Posted by timothysykes on Tue 15th of Jul, 2008 09:25:07 AM

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After all, it helps to have failing/fledgling or no business whatsoever so as not to get in the way of hype and manipulation!

Curis, Inc. (CRIS) is breaking out soooooooo gradually, doubt it goes very far, multi-year downtrender, has spike to $2 in the past

Allos Therapeutics, Inc. (ALTH) is barely breaking above 2008 highs, but still is 50 cents away from 2007 highs, don’t underestimate it though

MNLU keeps going, clear and defined breakout at $6, watch it soooooo closely, probly my favorite breakout play as it could really pop 50 cents-$1/share within a few minutes/hours

CHGY is a Lebed pump, definitely reserve shares to short this junk

CMIN is one I highlighted yesterday, look at that breakout continuation, 6 cents/share, wooooo hoooooo, screw that, booooooooring

IDAE as you’ll see in a blog post later today, I gave this one fifteen minutes at the open yesterday to impress me, it didn’t, so I took a $600+ profit…it sagged a bit but finished strong on strong volume…not surprising as every TIMalert is a multi-day setup aka ideal so the longer you hold the better, although today will probly be the 3rd big white candle so it’ll be interesting to see how it squeezes shorts more, fades or goes sideways…maybe a 50% crater coming soon like LBAS/MXFD early in their patterns?

FOUR is an illiquid spammer that’s breaking out like a badass, LBAS/MXFD-style

Meridian Resource Corp. (TMR) is a breakout play I highlighted to TIMalert subscribers yesterday afternoon…watch it, even though it moves slower than a turd after an all you can eat burrito buffet

GREEN EARTH TECHS INC (GETG) just keeps going, no matter that there’s no SEC filings, they’ve got one o f the most hyped up piece of crap products in recent memory and are almost guaranteed to be a $200 million fraud…just watch it, who knows when it’ll be a good short

Qiao Xing Universal Telephone, Inc. (XING) & QXM are earnings plays so I defer to Mike…I’ll stick with my frauds…or wait, considering these two Chinese mob fronts (blatant speculation/wishful thinking…I’m just bored with the lack of pumps right now so I’m trying to inspire other crime families to partake!) companies reputations, or lack thereof, I gotta clarify—I prefer frauds that are currently being manipulated.

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UFgemini

wow...thank god im not in financials right now...seems to me the suicide rate will climb to an all time high today

timothysykes

yeah an its ugly right now, just stay in the game as others fall by the wayside

GAVIN

What does that mean 50% crater? A 50% drop? I would love to see that right now. I want to buy IDAE and hold for a few months but not at the manipulated price it's at now.

A

Hey Tim,

I am thinking about getting the TIM ALERTS but am not sure if it is ideal for large accounts (>$25,000). One of your 37 key points to successful trading is to "Never account for more than a few percent of daily trading volume."

How can you grow a large account substantially if most of these issues on your alert have 100,000 to 500,000 daily trading volume. If you have a $100,000 account and trade with 30% position size, you are going to account for 25%+ of daily trading volume on a lot of those penny stocks?

Did a search on your site to see if you did a blog post on this subject but appears that you haven't addressed this.

beinggreat

I'm still holding 300 IDAE @ 2.35. thoughts?

A

How could you possibly discretely build a position in ANY of these microcaps without showing your cards if you have a large account?

timothysykes

A--its good up to a few hundred grand...the more $ u have, the more selective u'll be...but u could easily play with 20-3k shares of IDAE, or stick with more liquid stuff like HYGS...or just reduce position size...so many angles from which to profit, just gotta get in the game

PCola

A, that's the whole reason he says his method is not scalable, and why he's not still running a hedge fund. You CAN'T put huge amounts into some of these (there are some of his alerts that are highly traded, but not all). So he's basically trying to help the little guy.

A

Thanks

timothysykes

haha "discreetly build a position" nah dude, u just buy or sell and buckle up cuz its gonna be volatile

GAVIN

beinggreat, hold it until it breaks 3. We'll see 3-3.10 today maybe higher but the hype isn't going to carry for long. Sell it at 3 and buy it back when it falls back to 2. But it might be a longer hold next time depending on when the company starts getting some press

Fantom

Shorted crme 400 shares for a quick 130

No more financials for me, too manipulated.

Thanks Tim.

chasdabigone

tim while u had a hedge fund did u ever try to break prices thru support to get people buying or the opposite with short selling

eb

Aaaaah Tim....after following you for quite a while, I think I am seeing the light now. Microcaps plus discipline plus patience equals profits!

pumacom

SQNM on fire again...

beinggreat

Thanks Gavin

Get Shorty..... Reloaded

I am short 300 shares on gigm (@11.91), considering closing now at$11.10, however, I am looking how it cut through 11like butter a few day ago.

I guess I'll just close it and re-short if it does break 11, any thoughts?

HoustonBIZ

damn i'm making a killing on NPIA in at .016 love these micros.... what do you think UFgemini?

TraderT

FPP looks like its breaking suppport slowly..

timothysykes

new post:

http://www.timothysykes.com/timsykes/2008/07/15...

UFgemini

houstonbiz....a killing?....isnt the bid only at .02?...ill def. be watching this one

Get Shorty..... Reloaded

Closed GIGM at 11.10 and 11.18, now I am long, in at 11.26, wish me luck... playing the squeeze here.... buahahahaha (evil laugh)

HoustonBIZ

I sold half off at .025 then reloaded at .017... so percentage wise it was very nice, but I wanted your eyes on this one cuz i know how you are about calling these breakouts.

thebabyfacedtrader

Tim, when the big time financials turn into penny stocks, do you think they will be playable?

timothysykes

no cuz theyre still big companies with funds and lots of variables....just as penny stocks that go up will still be playable cuz theyre still scammy and have few products

Sean

Hey Time great stuff, I've been playing HYGS the past several weeks. How do you feel about ANIK?... low volume very volatile and the past 4 times earnings have come out, the stock seems to soar for a couple days... think the trend will live on? Thanks!

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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 $58,000+ 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. Currently he is the #1 ranked trader out of 25,000+ on Covestor)

How Can I Consistently Make Money In The Stock Market?

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).

Why Penny Stocks?

As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 2000+ 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.

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TIM Trades

View All

Date	Stock	Buy	Sell	Net
Nov 6	QXM	$4.31	$4.80	$1936
Nov 4	COT	$8.66	$8.88	$642
Nov 4	QXM	$4.61	$4.89	$822
Oct 30	DDRX	$25.70	$26.53	$812
Oct 29	CTDC	$4.00	$4.42	$781
Oct 26	AWSL	$3.24	$4.10	$2516
Oct 23	RODM	$5.27	$5.23	$301
Oct 22	AMLM	$2.69	$2.97	$820
Oct 22	USEG	$6.12	$6.09	$85
Oct 20	CBOU	$8.93	$9.06	$243
Oct 16	VRMLQ	$16.79	$18.65	$2773
Oct 13	YONG	$11.05	$11.66	$1202
Oct 13	NPHC	$0.59	$0.71	$583
Oct 12	IMGG	$0.60	$0.70	$682
Oct 9	ZAGG	$5.50	$6.10	$2380
Oct 7	GVBP	$0.03	$0.27	$702
Oct 1	NPHC	$0.70	$0.85	$1482

Total: $92,304 (644%)