4 TIMalerts, 4 Base Hits, If Not Home Runs aka Safe Small Profits Pay the Bills
Posted by timothysykes on Tue 22nd of Jul, 2008 04:15:50 PM
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Sometimes there are just tooo many trades, too many blog posts, for me to keep up with in real-time…so here are my last 4 trades, all of which were safe and successful, as told through the unedited TIMalerts along with some testimonials from happy TIMalert subscribers
PS I’m now up 10% on the month, 80% since November 2007 and if any of you lil bitches don’t believe me, you can see ALL my detailed trades HERE all verified by Covestor, which taps into my brokerage account—so you can follow me on there too (click HERE)
July 11th bought 3,000 IdeaEdge, Inc. (IDAE) at an average of $2.27ish
this is a perfect breakout, chart is strong, social networking gift cards for launch this fall, whatever the hell that means, myspace parent company founder joined board..i’ve been telling promoters who call me to create a social networking pump, maybe this is it…unfortunately somewhat illiquid
July 12th still holding 3,000 shares of IDAE long, see my detailed research here
Hope everyone’s having a good weekend, I’m still holding 3,000 shares of IDAE and judging by the strong close on Friday, I’m expecting big things–think $2.50-$3, maybe even $4 (outside shot) on Monday, Tuesday and maybe even Wednesday next week (these things like to run 3-4 days when they breakout so perfectly–last time it ran from $1.40 to $2.15 in 3 days)…obviously, you still need to be careful since its a sketchy OTCBB stock, but see my full post on it HERE
July 14th: Sold all IDAE at 2.49, 10% profit
i patiently patiently patiently waited 15 minutes (seriously felt like an eternity for me), really didnt want to flip it so fast, but a.) gap ups make me uncomfortable (reversals happen), b.) there are a lot of sellers and c.) i know many of u have similar levels of impatience so i cant risk it tanking…actually one of my larger gains at 10% in 1 day, or $630 after commissions…good pick, probable continuation, but i’m just steadily working my way to $25k so i cant hold stocks longterm….now at $21,560….up 6% on the month, 74% since november 2007…if and when u guys sell, please post your dollar gains on my site so i can highlight them!
End Result: Stock kept going up to $2.80 over the next 2 days…a 22% gain from my alert….some TIMalert testimonials:
Thanks TIM for the quick $600 on IDAE!
-Kevin
Tim, you are the best
i bought idae in the worst time yesterday…sold in a bad timing today
still made $540 from 6,000 shares
been in peter leeds.com, been in portfolio crafter, made a little money from their picks
but not close to what i make from tim alerts!
thank you
-Gil
$210 gain on IDAE long in my IRA account
-Barrett
Thanks to Tim & TIMalerts, I made $500+ on IDAE this week alone not to mention some smaller gains on other TIMalerts.
-Brickhouse
Tim . . got out of IDAE. . . made $247 profit. .. thanks for the pick!
-Deuce
I made about $220 on IDAE after fees and commissions… I’ll take it any day.
-Oracle of NYC
I just sold my 5K shares at 2.44 and 2.45…Tim, for your records I pulled in $777 before commission
-PCola
Without TIMalerts, I made $10.04 on IDAE across two accounts (just got out of 2nd account @ $2.54)…With TIMalerts I would have been up $500. Needless to say I immediately signed up for TIMalerts
-yaktipper
July 15th: bought 1,000 MAINLAND RESOURCES (MNLU) at $6.37, sold at $6.73, learn to anticipate this breakout pattern
if i do my job correctly, u eventually wont need my trading alerts cuz u’ll see them coming from a mile away…as i called this EXACT action in my premarket watchlist saying:
“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”
all u gotta do is focus on these key breakout/breakdown points–what works best for me is either at or near the open or going into the market close in the afternoon
1st alert:
$6 this morning was the ideal breakout, but now its taking out day highs too at 6.37, i want a strong close, gap higher tomorrow and ideally a morning spike too above $7…thats my goal anyway, seemingly limited downside, especially going into the market close
2nd alert:
this is the gift/curse with OTCBB stocks, they move faaaast so u gotta be prepared to enter and exit at all times…and use limit orders…always (i had a blog post a while back about this)…..my initial goal was $7, but i thought that might happen gradually going into the close/gap higher tomorrow but when i got halfway to my goal within 15 minutes, i gotta take my profits….probly still gonna close strong and gap higher, especially since there are seemingly solid bidders in the 6.50, 6.55 range–as most of my picks i’m early on: see ERII, CNEH and latest IDAE —but i take my profits and move on
End result, my exit was premature, again, stock went up to $7.15ish, 12% gain from my alert, some TIMalert testimonials:
I just sold at 6.90 for a net gain of $180 which more than covered the cost of this first month of
alerts. The trade can also be verified on Covestor (AdamN)
-Adam
New to the TIMalerts but similar success! Got in MNLU at 6.70 yesterday and got out during today’s final rush at 7.10. Subscription is paid off with a little gravy on the side! Profit of $298. Thanks Tim!
-Steven
July 21st: shorted 1,000 Zynex Inc. (ZYXI) at 3.18
missed the morning dump–Thinkorswim’s fault (borrowed 2,000 shares, chat guy only entered order for 200, stock dove while i was chatting with them to correct it), probly better as nobody wouldve gotten in on that dump, it was just too fast, shorted 1,000 shares here at 3.18, very tiny position cuz there’s no guarantee it’ll finish red today…odds are good though, this could be a multi day fade a la GETG, so my goal is the 2.75 area, gonna be interesting as this isnt the ideal pattern, its just a variation
July 22nd: out of ZYXI for 5% profit, mistimed it all
i didnt expect it to drop so fast so i didnt have my Thinkorswim order window open when it was 2.81 x 2.85, put my order to buy to cover (as my original target exit was 2.75ish and there looked to be buyers at 2.75 and 2.80 aka don’t force it), but i was late and on these OTCBBs, you gotta be early if you wanna exit…so i covered at like 7 different spots (all just 1 order) all around $3…not an ideal trade–missed the first morning panic, mistimed this latest one–but still a decent profit and a nice profit for u subscribers too…by no means which you have to cover, i just have limited capital and the patience of a wall streeter in a leverage factory so i’m out for y usual 5%ish profit…good that i know how to pick good setups, sad i’m such a bad timer man, really sad
End result, stock continued to downtrend back to $2.80, 12% gain from my alert, I played it too safe…some TIM testimonials:
$337 profit after commissions
-Reaper (aka Michael Goode—remember his TIMalerts track record HERE)
Mistimed ZYXI also. Still made profit of $210 after commissions.
-Kusumo
July 22nd: shorted 1500 Mechanical Technology Inc. (MKTY) at 4.27ish, not as safe these other shorts
glad i sent out the alert to reserve shares to short 15 minutes before i traded it cuz a few of u have email that u got shares!
still hasnt taken out the key 10k buy block at 4.25, but volume has slowed and big sell blocks are coming in on the ask…mike the 13th says he thinks he saw it on promo-ed on qualitystocks.net, still no confirmation thats the case, gotta love the longterm downtrending chart, just gotta have patience for these bitter shareholder to sell when they realize its already tripled off its lows on no news…that said, its dangerous to short mid-day, i just went in cuz i didnt know how fast the 4.25 buy block would disappear, gets me every time, i think these things can just collapse and i gotta realize that when they’re still green ont eh day, the momentum still favors ridiculous upside…so i admit, this is a risky short here, i might have to suck up a big loss, but if it takes out 4.25, i might find myself covering for a quick 50 cents/share of $750…just gotta wait and see
July 22nd: out of MKTY at $4.10, another 5% profit, sucks
just don’t like the way its holding up here and i’ve got an interview and a meeting this afternoon…these are the risks of part-time trading…made another few hundred bucks, but pretty disappointed there are so many big buy blocks, if it holds $4 (which used to be resistance), then thats a very bullish sign it’ll test bigtime resistance at $5….i just cant risk it…although methinks the odds still favor a short here (espeically since buying volume has gotten nowhere and now theres a big 10k sell bloc at $4.27…who knows, its a confirmed pump from this site: http://www.lowfloattrades.com/ so its gonna fade eventually, $4 is such a key now, really gotta take it out on the downside
congrats to those who also had more patience on ZYXI, went all the way down to $2.80 for a while so i basicaly left $400 in profits ont he table…welcome to my life, i take small mistimed gains….it could be worse…especially considering now i’ like 16 for 16 or 17 for 17 on TIMalerts
End result: finally, I was right on for playing it safe, even though I only made 5%, those who stubbornly held even as the price action suggested squeezing are now down 10% as this one is squeezing higher…I wasn’t the only one to exit unscathed, not coincidentally 2 PennyStocking DVD students also saw what I saw:
I got scared and got out. +$53 woohoo lunch money!
-Reaper
I am out of MKTY, $100 profit
-BTB
TIMstore Monthly DVD Specials:
See all TIM DVD specials HERE
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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%)
