12 Stocks Whose Setups Are Just Getting Started…Patience Young Skywalker

Posted by timothysykes on Thu 17th of Jul, 2008 09:18:49 AM

Tags:

No positions, jut watching, lots of decent setups forming, just gotta be patient, then aim small, miss small…the same thing we do every day Pinky:

ZYXI is continuing its run on a good sales report form July 3rd…let it run, reserve shares every day just in case it begins to fade as it’ll be a good quick fader…eventually

MNLU is a continuation breakout, TIMalert subscribers got in in the mid $6s…already some nice testimonials and methinks short sellers are screwed this morning…probly too illiquid to enter now though, can’t wait for it to go up too much so I can short it!

LBAS is also illiquid, but it’s about to breakout for the 4483rd time, where it stops nobody knows, MXFD went into the $20s

CRIS kept the breakout alive, but its $-gain made people watching it feel like they were dead. No thanks, next!

IDAE dropped a bit…as I was warning for 2 days…I’ll have a detailed post on this one and MNLU later

ETLO just keeps going on pathetic volume…it will crash one day, give it time

UBHI now has confirmed vertical price action, it will end, but these things can go on for a little while, it’s a waiting game

RAD now has financing, is trying to bottom, no resistance until $2 it’s only then I might consider a short

GGR is up like 80% off its lows, but the rise is gradual, perhaps will soon be a good short for those with patience

ZIXI is far and away one of the worst Nasdaq companies around, it should always be viewed as a potential short on spikes, but, they did get a law passed, maybe it can squeeze some long term shorts

BXC is an earnings play, avoid shorting, let Mike and his hyenas buy it up

ESC is another poorly managed company, unfortunately not up enough off its lows to really interest me…yet

Spread This Post:

TIMstore Monthly DVD Specials:

See all TIM DVD specials HERE

Related Reading

17 Stocks To Watch, 11 Of Which I’m Totally Ignoring, Guess Which Ones! July 18, 2008
6 Hot Stocks Picks I Won’t Necessarily Trade, Just Watching ‘Em September 15, 2008
Manipulation Monday: 10 Great Low Priced Stocks To Watch July 14, 2008

younggunz

Hey, finally signed up for timalerts! I want to change my email address that you send the alerts to. Can you send my current email address a confirmation so that I can reply with my address change request?

I am starting again at $2k. I want to try and show that someone even with a small amount of money can become successful.

I will be tracking all my trades from now on and hope to be able to add to your many success stories.

AdamN

Bought TMR at $3.28 on what looks to me like a solid breakout w/ volume.

getshorty

WHat's with the gigm spike on the nba street license in china? Looks like a company with real earnings (a not that crazy 17 p/e ratio) why has it been behaving like a pumped a microcrap?

BHadds

Tim,

I jumped the gun and shorted FOUR @ 8.53 - only problem is it keeps going up with no end in sight. I'm on the fence as to whether to hold it in hopes it breaks down or to cut my losses and get out. Thoughts?

BHadds

getshorty

lowsy opening on mnlu, lloks like it will rest before making its mind.

Jesse

YoungGunz, where will you be posting your trades and such type things of this?

timothysykes

bhadds, why would u short a stock that goes up every day? have i not posted enough of these charts yet to show u u that u gotta wait for the breakdown?

A

Put a limit order in to buy ZYXI for 1200 shares at $2.84 and bids started moving up like wild fire. Dang thang took off without me! Oh well, there will always be more trades in the future.

BHadds

Yes, yes, you have. I will write "I will not short a stock that goes up every day" a thousand time. I hope I learn my lesson.

Smitty

Lbas has had a nice run. Volume as you said is weak. It looks primed for news. Pick up now and sell into news (and pray its good)?

LAPaul

Short DEPO

PCola

LAPaul, I don't see anythign about that one on Stockster. Where are you getting that info?

younggunz

I don't have my own blog for now I'll probably just post something in tim's forums.

Just waiting for a confirmation email. I know you're busy tim just excited to get your entertaining alerts.

PCola

Young Gunz, sign up for Covestor. Posting on Tim's site afterwards is basically useless.

Keith Elwood

Shorty I bought yesterday after covering my short, thought it was just a sqeeze.Sold this AM for$$ made money up, down and up again. Good Luck To All

younggunz

I know it is useless without some sort of auditing. I am basically trading part time. I don't plan on getting any fanfare or what not. I am just an average Joe with a wife and kid making 50k a year in the midwest. If I can average $100 a week it will be a success and greatly improve my financial situation. I am looking at this as taking a small investment with the opportunity to have fun and make some decent money on the side.

PCola

But what's the harm in signing up with Covestor? Maybe you turn out to make a killing and people can then see all the trades you've made and not have to take your word for it.

younggunz

Yeah, I was planning to sign up sooner or later. But since you insist and I am waiting for someone to show up to keep doing my job I'll go do it now :)

PCola

LOL. There ya go!

MikeY

YoungGunz,

I just started a new account with $2k as well.
Prior to this I had a play/test account (first time trading, really small just $500) and I lost most of it with NTI (now NTIC) when it jumped from my short @14 all the way up to $20. Anyway, it was painful, but I think I learned my lesson.

I've been a quiet reader of Tim's blog for a while now, and I'm finally ready to get my hands dirty. Signed up for TIMAlerts yesterday :D

getshorty

Shorted the early gigm spike at 13.01, looks like a dead cat bounce to me.

Got a small long position on cris breakout, hope it was larger.

Waiting for mnlu to make up its mind.

pomalley

pbks- provident bank, they just release their second quarter earning wiht a net income of 15 million this is higher then expected and the stock already went from 6 to 850 this morning i think this had the possibility to rise to 11 before the day is done. what do you guys think

getshorty

I think you should stop playing earnings and concentrate on predictable charts instead of random reactions.

pomalley

povident is starting to rise just hit 8 dollars per share get in before this thing moves

getshorty

PBK = Downtrending chart with a spike waiting to be shorted once it starts to fade.

BUY IT? I'll rather go to the casino 3 blocks from work and bet $5000 on the roulette, all in to red, same chaces and at least I may get lucky with the waitress.

younggunz

earnings like that I don't really see much movement after the initial gap up on the open. The price has pretty much started to reflect the earnings report. It could go up but it could go back down also when people start looking at it more and decide its still worth the same as it was before the report.

MARC

YoungGunz, if you dont mind post those trades here so we can follow this success story.

LAPaul

PCola: About DEPO: It was an email blast received on Monday 7/14. It tried to run up but is loosing steam

It attempted to breakout 3 times since January. And is forming a cup since end May. It failed to breakout for the 3rd time. It is trading at 4.10. If it fails again it could fall to 3.70, 3.40 and then 3ish

Watch it closely :)

getshorty

Am I loosing my mind or is it a $2.3 spread on ETLO?????

I wouldn't touch that shit wit a 10 foot pole attached to another 10 foot pole !!!!!

TraderT

LAPaul - DEPO to me looks like its breaking out at 4.17.

Unless I'm missing something? Just trying to understand =)

TraderT

Oh wait I take it back...=) Didn't see the current price.

younggunz

I will post them on here. Just got done signing up on covester aswell. Just waiting for access and confirmation from Timmaay to get on the TimAlerts page! he's a busy guy though, can't have an alerts entertainment service if you aren't busy sniffing out all the micro-crap frauds.

younggunz

How do you some of you guys get your email addresses on the mailing lists for stock spammer? I know its pretty easy to get your address passed around once you give one site your email and they sell their lists to everyone and their mother.

LAPaul

TraderT: DEPO is breaking out or breaking down :) But something will happen

TraderT

YoungGunz

I believe that there was a post int he basics forum that had several good websites of stock promoters.

http://www.timothysykes.com/forum/viewtopic.php...

That should be it :)

getshorty

Out of Cris for a laughable gain of $36 after commissions, no convinced buyers there. Still short gigm for a $200ish gain so far. Leaving for work. Have a tigh stop in case this bitch changes its moody mind.

LAPaul

TraderT: Depo seems to break down right now

timothysykes

heads up on SGLP tankage...news? risky to dip buy here at 14.5

younggunz

hey tim! my timalert purchase go through on your end?

LAPaul

I closed my DEPO shorts position that I opened this morning, could get out with a small 80 bucks profit (minus 20 commission) :(

timothysykes

new post:

http://www.timothysykes.com/admin/2008/07/17/at...

brent

anyone else having problems with the latest tim update? I can't get there

brent

new window everything; still can't get in

yaktipper

I'm getting "Operation aborted" from IE when clicking that link.

MARC

Im getting along with you guys. Whats your guys take on UVSE??

yaktipper

It works fine in Firefox, IE blows up but not show what it's blowing on -- probably the video.

marketGirl

UCBH re-breaking out today again in HIgh volume...

LAPaul

Any TOS-ers who had trading problems because of the technical problems of the Prophet Charts this morning (second day in a row)?

Rob

When you join ThinkorSwim what kind of commissions do you pay to short these penny stocks? Can you get the .015 per share deal or do you have to get the 9.95 to short these pennies?

I am in college and do not have a lot of money right so was wondering if I could follow this strategy by only shorting around $500 at a time or like 350 shares of a $1.42 stock and only pay $5 in commissions instead of $10.

What does that $5 min. mean? $5 stock or $5 in commissions?

marinovi

Tim, I bought LBAS @ 9.70 today, but not much action. Do you still think it's going to break out?

blog comments powered by Disqus

Start Here

Who Is Timothy Sykes And Why Should I Care?

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.

Where Do You Find Stocks To Trade?

This is the #1 FAQ (see more HERE) and it is answered in THIS instructional DVD.

Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!

Join TIM

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%)