10 Rotten Stocks, I Mean Dirty Rotten Scoundrel-Type Stocks, Great For Trading!

Posted by timothysykes on Wed 16th of Jul, 2008 09:24:09 AM

Don’t worry, with THIS crap, the SEC is only trying to stop Short Selling from pummeling definite-incompetents, probable-insolvents like Wachovia Corporation (WB) and Washington Mutual, Inc. (WM) into the oblivion which they truly deserve aka there’s no crying in finance! Some call it required compassion, I call it the result of successful lobbying. Everyone can still short OTCBB frauds, in fact the SEC probly wants us to!

ALTH I featured this breakout the other day, turned out to be a good one, but only by 50 cents…so far….zzzzzzzzzzz

MNLU is another breakout play I featured and one I alerted TIMalert subscribers to an easy 40 cents/share going into yesterday’s market close—nobody really needed me as the break of the morning high shoud’ve been enough to get all Pennystocking students in as this was a prototypical breakout play…I took profits of $340 as it was waaay too quick for my taste—sorry subscribers, as I emailed you, I wanted a gradually runup into the close, gap higher and possible morning squeeze…my target was only $7 as this one, while going up pretty much every day, has never proven itself to be a huge mover (only one time before and it quickly reversed afterwards)…good news is this thing should still keep going higher as I simply latched onto a breakout in progress (true breakout was at $6)…just be careful with these plays, maybe even try to reserve shares to short in case it super spikes up to $8, 9 or $10 (odds of that are very low)

IDAE is still green every day, but volume and price strength have now faded a bit…time to reserve shares to short just in case it decides to pull an LBAS/MXFD reversal/crash they both displayed early in their runups before resuming uptrends (dangerous to buy on dips as many OTCBBers never recover)

SOIGF speak of the devil, this old school spammer is trying to reclaim its glory days, fat chance, again, give it time to run, its guaranteed that it’ll fall back down, just waaay too many skeletons in the closet

TMR is a failed breakout, not surprising given its many attempts, and the fact that it moves slower than an SEC agent learning how Wall Street really works

FOUR is another breakout play that keeps its continuation rally going strong…might be damn illiquid, but the $ gains are niiiice…I hope it keeps going cuz I wanna short the hell outta it if/when it gets too extended, reserve shares to short just in case

ETLO, yup, another breakout one I featured the other day as a breakout play was $4 to $10, nows it’s up to $13+….how far will she go? Any of you jump in?

MYEC is a DoublingStocks promo play/successful InvestorsLive short..now its spiking again on fluff news, reserve shares and pray to god that it keeps going to give you a potentially good entry price

UBHI, while breaking out quickly, is one of the worst companies around, as evidenced by its longterm stock chart and partnering with EQUITIES magazine, a great magazine, content-wise—I spoke at one of their events—whose business is unfortunately getting paid by these piece of crap companies and prodding them around as if they’re real. Reserve shares, but be careful with shorts here, it might be up a lot, but its got that TIXC stank on it so it could keep going, that is, until their scheme falls flats on its face, as is inevitable.

CHINA is an earnings play, no matter that its got that same you-think-you’re-eating-chicken-hell-no-this-thing’s-a-scam-so-you’re-really-eating-cat Chinese stench as CHDX and GIGM

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  • Michael
    Tim, what brokerage are you using now to short OTCBB?
  • Andy
    Tim, I just bought TimAlerts for the month, but I need my e-mail's forwarded to another address. Can you help me out?
  • yah just contact me, i do everything manually right now anyway
  • could be a big one for WNEA...wind play
  • still using thinkorswim, they sometimes still have shares...not that there's been any good OTCBB shorts lately...plan to open speedtrader account, just no time other than to write/trade every day
  • Michael
    Tim, I thought thinkorswim banned shorting of all OTCBB?
  • Andy
    OK, I sent you a message via your Contact link.
  • they said they did, i can still get borrows...who knows, all such gray area
  • IDAE is taking a beating
  • nice on IDAE, anybody find shares to short?
  • beinggreat
    I'm hanging in to IDAE morning crazies
  • ron you're long on IDAE? whyyyyyyyyyyyyyy....did u not read my morning post, did u not see the perfect fade setup action yesterday...gotta be quick on these stocks or get annhilated
  • and IDAE morning action is not crazy, its predictable! read my damn post, u can see these big drops a mile away, like a plane out of fuel, its not gonna go higher is it?
  • check out HGLC up 58%
  • GAVIN
    beinggreat,
    You should have sold IDAE at 2.75 yesterday before close when it showed no signs of moving higher.

    If I were you I would just sit on it. This means your money is trapped for a while but eventually it will rise above your buying price and you can make a profit. If this is the only money you have to play with you might want to cut your loses and move on.
  • Oswald2001
    Tim,

    As I recall, you were gushing about being long in IDAE as it was monetizing the social network.

    Now, it appears to me, that you have changed your tune. Now you profess, basically, that IDAE was only a pump and dump from the beginning.

    I like your site, but...

    NOT when you act like Jim Cramer.
  • beinggreat
    Thanks Gavin.
    I really appreciate your comments. I'm just dabbling until I feel totally comfortable so far I'm down $38 and I have $700 tied up. That's why I'm willing to see how it plays out. Your suggestion was my intention.
  • Nikita
    Re:IDEA...
    Don't manipulate with your subscribers...Just not fair.
  • oswald, IDAE is a great idea stock, as i wrote and when i wrote about it, it did look and actually did go higher...but dont think for a second that i was attached to it--in my original article, i even said it was "looking perfect just the way the pumpers want it to be"...anybody whose seen my DVD knows EXACTLY how these pumps end up...and read yesterdays price action, read my damn morning post, it had tank written all over it....dont even think about trying to blame me for not saying it could tank, i've got all my bases covered
  • LOL manipulate my subscribers? i said it was a solidly manipulated stock in my original post! guys gotta learn to read
  • Oswald2001
    With all due respect...I think you got enamored by the stock pumpers calling you.

    Double talking doesn't change anything.

    My take is you slipped up at first.

    Best to just admit it.

    Still a fan. More cautious though.
  • i really love that some of u guys actually believe i'm gonna be in any of these stocks for more than 1-3 days...u have 7 months of trading data for me and u see i always cut my losses and my winners quick...yes, i'm a poor timer, but if u decide to trade with longer term time horizons, you're gonna get some nasty losses...your choice
  • Randy
    I played IDAE correctly, a day after the subscribers had it. So, I bought a months subscription last night to TIMAlerts.
  • GAVIN
    Oswald2001,
    My understanding was that Tim see's a future value in this company, but when a stock pops like IDAE did based on hype the market value doesn't represent the intrinsic value of the company. The stock was a sell.

    Buy it at $2 and hold it. If the SME card works out your 2 could double, triple, or more in the next few months.

    You can use the day-to-day fluctuations in the market to increase your long position, if you are playing companies like IDAE that have an actual future.
  • who cares about stock pumpers calling me...and u know i admit when i mess up, but this was the call of a lifetime...forget about this morning's post, dont make me link to YESTERDAY's morning post where i said:

    "maybe a 50% crater coming soon like LBAS/MXFD early in their patterns?"

    u have no excuse WHATSOEVER to still be long...
  • Oswald2001
    The Tim Sykes 'party line' regarding these stocks is, I believe, correct and appropriate.

    It seems to me that Tim made an initial departure from his usual 'pary line' with IDAE.

    Hey, I didn't lose any money over IDAE. No skin off my nose.


    Like I said, I still think there is a lot of validity to Tim's approach.

    Just keep the 'Jim Cramer' out of it.


    Good luck to everybody.
  • dont even bring up cramer, i bought the stock, i wrote why ii bought the stock, i sold the stock, post of the trade will go up today, but in the meantime, before the big drop, for 2 firggin days, i said be careful of:
  • dude75
    RE: Tim on Fundamentals
    I think the correct way to read comments by Tim on fundamentals is as if you're trying to look through the eyes of a slabbering value investor buying into the hype. He's just reiterating what is being spread out there by the pumpers to drive the stock up. The hype is pretty much the only thing that moves stocks in this price range. But by all means, DON'T BUY INTO THE HYPE YOURSELF! Fashions change. Hype dies down. Think +$.50/share & watch like a hawk to grab it, not long-term.
  • Steve
    how much money does someone invest in something like IDAE for the 1 - 3 day pumpup? I have 25k to invest but of corse I would feel completely neglectful to put it all in just one stock. BTW i did have 350 shares in visa, sold at 74 Monday morning as things didnt look so good, only came with s meager profit since my price was 71, and thats 71 threee months ago!!
  • Alex
    Fuck Starbucks!!! Now that ATT took over their wireless it's garbage!!! Nothing is more annoying than trying to trade with a shitty connection.
  • Oswald2001
    Tim,

    I'm not attacking. Just turning on the light.

    Not a hater. Actually, I am a (now more cautious) fan.

    I see your track record and I have come to the conclusion that your approach works.

    Yes, I see you got BACK ON TRACK with IDAE today and yesterday, but...

    It sure doesn't seem to me that you started with IDAE the same way you ended.

    In fact, I noted a distinct departure of your 'party line' regarding IDAE in particular.

    Jim Cramer's approach, as it strikes me, is to say 'everything'. Good and bad and everything in between. Then he can always go back and say, "See? Here are my comments."

    Of course, during his double talking, he is very selective with his choice of recalled comments.

    Anyway, that's enough of this subject.

    All my comments are made with all due respect.
  • Alex
    I still like CRIS...no resistance until 2.00, then 2.30...could be a multiday runner IMO....cancer reseach, collaboration with DNA (Genentch) .. breaking out from a long base... just tried to add some more but I might have to raise my bid
  • gotcha, i dont need respect...u kn0w me, i dont say everything...with IDAE, i bought it for the hype, posted about the hype and then for 2 days warned the hype might wear off...i just dont see where the double talk enters into the picture unless u read the initial post, bought the hype and ignored my warnings
  • Tony Ellis
    Sorry about TMR guys...I'm done with OIL stocks. OFI is a frozen food stock I'm watching, it needs to pick up volume (over 300K shares) and break 8.45 52 wk. It likes to gap up $1 when it breaks out.
  • Alex
    CRIS - easy 2.00, could be $3.00
    look at ANDS... went from 1.75 to 3 on its similar breakout
  • SoRichSoBored
    Oswald,

    Stop whinin like a lil biotchhh. If it aint your bank roll, don't worry bout it.

    If your a fan of cramer then fine....but dont hate bc the only fan u got is spinnin on the ceiling.
  • Kalshnikov
    There's no sense bitching about not getting out of idae, the dude said from the beginning something along the lines of although it has a good idea its still going to act like a pump and dump. Personally I knew it was about time to get out. I got caught fucking around with limit prices for some reason and next thing I knew the stock was in the tank and Im out 6 hundo for the moment. The last thing Im going to do is whine about it being someone else's fault.
  • Alex
    Tony - no need to appologize - it's best if everyone learns how to trade, not just blindly follow stock picks based

    Nonetheless, maybe you could help promote CRIS ;)

    This board can make it move
  • Andy
    Tim what do you think of CRIS right now?
  • CRIS not volatile enough
  • Alex
    Tim, did you short IDAE? Amazing how fast the frauds fall...three days of gains lost in a hour...I now see why you prefer to short these frauds over buying
  • Alex
    Tim - CRIS not volatile enuf? Looks like it had some 20% days back in JAn 08
  • getshorty
    Wow, finally I am learning howto get out, sold 800 shares of IDAE at 2.74 from buying it yesterday at 2.51 for 200ish gain, tried to get shorts to short it but couldnt get any.

    Same thing with alth, sold 300 shares today at 8.39 for a gain, can't get my buying price.

    Now long 600 shares of mnlu with a kind of tight stop and long 2000 shares of cris bought on the 1.80 breakout at 1.81, stop in place as well.

    Not bad for breakfast, too bad i didn't wake up at 4:00 am (pacific time here) to reserve some shortable shares of IDAE.

    Anybody else long cris or mnlu ?
  • getshorty
    Yeah, I am starting to get bored of cris, good to know about the volatility back in january, guess it WAS game at that time, will sell and look back to it when it gets volatile again.
  • Alex
    getshorty - is trading about keeping yourself excited/entertained or making money?
  • Alex
    getshorty - sell now and buy back when it gets exciting...as in, buy it back during a blowoff spike??
  • sniper6
    Tony E- if I can add something, I also like OFI. Have been long since $3 and have no intention of selling soon. It is a real company, not a pump & dump at all, low volume like you said, and never seems to have big daily moves that make it worth shorting IMO. Good luck to all.
  • Alex
    FRE was exciting, but I think it's dead now...rare to see such volatility and liquidity in a $5-10 stock
  • Alex
    stocks like CRIS % IDAE % MNLU ... you can put them on a 5 or 10 minute chart and just do other stuff while you trade them
  • getshorty
    Alex, Is about to get the move, either up or down, got to use my attention-money on what has the biggest chance of making me money, with the biggest move in a predictable direction. Which is consistent to get into the most exciting stocks.

    FRE was not exciting for me.... was just plain scary. I found exciting what is volatile and you can get an idea on which direction FRE movement is the reflection of a war among big funds, and I have no idea of who's gonna win this time
  • Alex
    the action in FRE was not so much funds as daytraders...Friday it ran from $4 to $8 ...pretty easy to catch a dollar out of that ...even if it took you three tries, with a stop loss of .20 you would have made .60 (1.00 - .20 -.20) That would've been 8-15% percent on the day...not bad. A few lucky traders probly caught the entire $4-8 run for 100%.
  • Smitty
    Man all this talk on IDAE.
    Its the same group of Investors that did LBAS and like Tim said it took a dump too from $4 to $2.20

    But look at it now. Lbas will probably hit $15 when its all said and done

    Longs are fine

    and so is everyone who listened to Tim! You made money...move on
  • Smitty
    IDAE Shooorrrtt Squeeze
  • paulgoss
    HEV...check out citron's comments... go shortie... I ridin sqnm long to 30.
  • paulgoss
    hev... check out citron's comments:http://www.citronresearch.com/index.php/2008/07/16/citron-reports-on-ener1-amexhev/
  • paulgoss
    According to Citron Research, Ener1 (HEV), a "corporate shell company," has a history
    of failed businesses caused by "exaggerated promises". The firm says Ener1 has come
    to its current structure "through the most notorious means reserved for the worst
    type of investment" and management must execute one firm production contract with
    a credible counterparty. The firm contends that the company lacks the most fundamental
    business discipline, has no evidence of widespread commercial acceptance of their
    product and, therefore, no path to profitability.
  • paulgoss
    (FSS) Squeeze Trigger Price is $11.679. There is $60,184,080.00 That Short Sellers Still Need To Cover...???--these are news feeds btw... I couldn't make this crap up if i tried.
  • brent
    TonyE: had to go to lunch. Almost jumped the gun on OFI. Held my ground though... What are your thoughts now?
  • jj4188
    IDAE has made a bit of a rebound after the big drop.

    But what are everybody's thoughts on the next few days? Are the shorts going to continue working or are they done for the time being?
  • cel
    Hi All a quick one on my IDAE trade and also how I use Tims alert and other.

    On Friday 11 July 14.15 bought 400 @2.34 and sold on Monday 10.17 @2.47. So not a big gain but $50 is $50.

    As still increasing daily I decided to buy again and this time I bought IDAE @ 2.81 Tuesday 09.41. Before buying I re-checked the charts for prior days and looked at the volume etc which I thought was pretty low. I bore Tim's comment about possible fading made on Monday and Tues in mind. So I decided to buy and then to follow it through the day and of course what would be my stop loss. I followed it throughout Tuesday and decided as it finished on green at the end of day that I would keep until this morning Wednesday and see if this continued at the open. After the initial sell offs this morning with relatively small volumes and what I thought were quite large price drops relative to price i.e. 50c for the low volumes I sold at a loss as did not 'believe' it would go back up. Sold off at 09.44 at 2.30. So a loss of 51c a share. I only had 300, so down $102.

    I expect to have some losses, and am very glad I stuck with my stop loss even though it has continued on to higher today which would have reduced my loss, as it allowed me to continue to look for more stocks to play. Tuesday was a pretty boring day stock watching wise as I watched IDAE a lot and well I thought it was pretty quiet with low volume. In the past few months I have sat and watched stocks as they decline, 'hoping' (and this is the right word to use as no trading skill was involved here) that it would go up again so I could at least get out even. No not a lot of fun.

    I am relatively new to all this and have not yet fully worked out a method/ strategy of how I will trade, i.e. criteria to decide to get in and out of trades. So I guess some of my trades are a bit of gut feeling, growing knowledge, and also guess work which can be very dangerous and why I am trading relatively small amounts at the moment. I do use the charts and also screening software to narrow down the stocks I look at, i.e. price range of stock, increasing price over 2-3 days, volume increases and other simple criteria.

    I also use Tims Alerts and check these stocks and also emails I get from places like doubling stocks, Jason Fuller and others which yes I was one of those who signed up to a few months ago. This was before I became aware of reality of these folks, which I worked out before I discovered Tim's site by watching how these stock picks went over a week or so and it clicked one day that all was not what it seemed.

    I have bought and watched Tim's DVD, recorded it to my PC (Pls do not sue me Tim) so I could rewind it back and forth a lot when discussing charts. The DVD was going to get stuffed if I had not done this. Enjoyed the DVD and am re-watching it especially on supernova pattern etc etc. I have learnt a few things from the DVD. Also bought Brian Shannons book advertised on Tim site. I like the book, am having to re-re-read it to take it in and importantly try to use some of the things I am reading about. Found the section on emotions really helpful as I notice this a lot in myself esp with those stocks that you hold on to for toooo long.

    Also find reading the posts on the site a help as long as not too many Timmy fan emails in the post although a lot do make me laugh of course. (-:

    So a fair way to go yet but a lot closer to an overall stratey than I was 3 months ago. Plus I never would have shorted before, had heard of it but discounted it as way to risky. Although it is, you can reduce the risk by understanding how it can cause you big losses.

    Cheers Cel
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TIM Trades

View All
Date Stock Buy Sell Net
Nov 19 AENY $2.80 $3.02 $1148
Nov 18 NLST $4.16 $4.40 $947
Nov 18 IMGG $1.42 $1.64 $2094
Nov 17 NLST $5.04 $5.59 $2195
Nov 13 VRMLQ $21.50 $22.97 $2901
Nov 11 EONC $2.61 $2.80 $687
Nov 10 EONC $2.74 $3.36 $9784
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: $98,094 (681%)