Sykes’ 11: Some Pretty Decent Trading Setups You Must See
Posted by timothysykes on Tue 22nd of Jul, 2008 09:19:56 AM
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ZYXI is one in which I’m extremely comfortable being short 1,000 shares at $3.18 cuz as I told TIMalert subscribers (who also managed to grab 99% of the shares available to short), I’ll either get a morning panic or gradual fade over the next few days as is foretold to me by God. Yes, that’s right, God came down and showed me their quarterly report containing quotes like “We plan to increase our penetration of the standard electrotherapy market by further expanding our sales organization and broadening our product offering” and this gem: “For this reason we may raise additional capital through debt or equity financing in 2008.” which added together makes it rather obvious that this company is gonna dilute their stock sooner rather than later—no different than a million other piece of microcraps raising money like Agfeed Industries (FEED) (remember that blog post?) (look at that chart and tell me it’s not ZYXI..PS FEED is 40% lower now)—and this runup is likely orchestrated by those in on that deal. Yes, God, I love this corrupt microcrap financing game, keeps companies like RedChip aka RedSh%& in business LOL
WSCI turned out to be good for a 50 cent morning tan yesterday, I hesitated and missed out, just never really looked ideal, although it was a high percentage short off the failure to crack resistance at $10…expect further weakness, but I really only wanna short into a big ass spike
FEED is an old “earnings pumper” like WSCI that got hit by reality the past few months, now similarly bouncing, look to short, but again really too gradual for my tastes. Lebed, can you pump this thing for me? FEED pay the man, he’ll pump you up! Lebed, I also want a finders’ fee.
MWY—speaking of Lebed pumping, this kind of chart is what happens when Lebed pumps, rumors abound of takeover, other crap & a perfect chart breakout at $3…NYSE asking for comment from company, definitely reserve shares to short as this one is up from $2.25 gonna be volatile though, I hate rumor plays…
CHCI is the latest penny pumper, reserve shares to short, this could be a nice multi-day runner before its inevitable collapse like so many others like NNVC, SKNY, uhh soo much hype, it’s overwhelming sometimes
VRNM has gotta get to $2 resistance to really interest me in shorting such a gradual mover
OWW is rebounding, but it’s not volatile enough for me
AVR & VSE were upgraded by an ANALyst—big whoop, when’s the last time you remember an ANALyst being right? 1999? (Whitney doesn’t count she’s bearish, I can’t rip on a fellow bear)…both have room to run, would love to short ‘em if they get close to resistance at $8 going into earnings
CRNT is an earnings spike, so don’t think about shorting it
CHCG broke out of resistance at $2, still don’t trust it to go much further though
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 2 | KIRK | $10.60 | $11.53 | $1377 |
| June 30 | ISRL | $107.97 | $118 | $985 |
| June 24 | LZB | $4.53 | $4.81 | $1240 |
| June 17 | GWSC | $1.86 | $2.76 | $2679 |
| June 15 | SHZ | $1.66 | $1.83 | $280 |
| June 15 | SPNG | $0.11 | $0.18 | $630 |
| June 12 | JAZZ | $2.84 | $3.26 | $380 |
| June 12 | MAPP | $9.68 | $10.07 | $565 |
| June 8 | HEB | $3.00 | $4.18 | $334 |
| June 3 | GROW | $8.64 | $8.96 | $740 |
| June 3 | SYMX | $1.21 | $1.11 | $940 |
| June 1 | USCN | $0.55 | $0.86 | $260 |
Total: $65,674 (421%)
yea, CHCG risky here, but I don’t know, it could be in midst of it’s big long term run…radaring 2.20 break
Throw UVE in there on a cross of 4. Short GM on a break under 13. 2 new TommyTim picks for you. These are what I call guaranteed picks. Can’t get hurt or have a heart attack playing them.
Yesterdays TommyTim picks.
FNM short at 14.82 todays price 12.20.
SKF long 135(financial short etf)today 146.
Wachovia reports a 9 billion loss. American Express also reported horrible earnings in AH Monday. Financial run was all an illusion.
Treasurys fell early Tuesday, pushing yields up, after Federal Reserve official Charles Plosser said interest-rate hikes will be needed very soon.
TommyTim alert. Short UAUA at 5.98 No cover. Will average up if it goes higher than 6 resistance.
Im sure glad I didnt take your advice on AAPL. It went the complet wrong direction and fast.
TommyTim, it’s funny how you don’t mention your 5%+ gain on AAPL that you posted yesterday…What’s going on there? http://www.timothysykes.com/ti.....1/another-PennyStocking-success-story-davey-a-21-year-old-college-student/ Take a look at comments 14 & 18. Looks like you missed that one, my friend.
Haha, MARC! It looks like we are on the same page. Hahahaha!
haha dont trust anybody on these message boards unless they have a detailed blog, account at covestor, audited track record…good luck finding people like that and if u do, send em my way as i’ll partner with them…
Haha, that’s why I called him out. He changes his “yesterday” picks every day. If he knew anything he would have understood that the options activity meant a swing in EITHER direction. Plus Apple always sets themself up for a blowout 4th quarter. What a moron.
Whats with the ZYXI volume, no one playing anymore?
Tim,
Keep an eye on MKTY. Probably good to reserve some shares. It was well pumped, probably dump will begin soon!
Cancelling potential GM short on big drop in oil on fears easing about Dolly.
New TommyTim alert.
Short ZION 25. Regional banks going down. No support till 20.
So I’ll stop at that today. Can only have a max of 2 picks and with UAUA that makes 2 for the day.
I will say CHK at 52.50 support is marvelous for longer term holds.
Ryan, where was MKTY pumped?
Wow, MKTY looks like a big runner, looks like plenty of energy still. Trying to reserve shares for later, wish me luck.
Shorty, you still waiting for WSCI to drop? Next to no volume today thus far.
PCola, don’t know exactly who pumping MKTY,but working great. No news anywhere!
getshorty, ATD has shares to short, if you have account with them. Probably, TOS, IB and other brokers also have shares available. MKTY is off from its high now. Probably shorts activated!
None available at ToS
Check out AAI.
Got out of it for a loss, closed position at 9.83 from shorting it at 9.66
Anyone like LCC - US Air? I dislike Airline plays, but LCC is shaping up kinda nicely on the day.
I stayed up all night reading most of Technical Analysis using multiple timeframes, great thing it says, “If you are following a trend, the trend makes a lower low and you hold, you are not a trend trader anymore” (this was in the case of an uptrending stock)Same applies to downtrending stocks when they make higher lows (not that wsci was trending, but the not to hold if your reason is gone applies)
Uh TimmyTom, I hope you coverdd your UAUA $5.98 short. Rapidly approaching $7 now.
HAA!!!
Look at CPSL run!!! up .46 this am - I’m long 500 sh and don’t want to blow my exit but it’s gotta happen soon!!!
news on UAUA:
http://biz.yahoo.com/prnews/08.....html?.v=59
Greatly improved liquidity. All the airline stocks are up big, but still, 60% bump seems like a lot, so I may short if it stays up.
Look at the gap on this sucker WDG!
WDG
Was chatting with ToS rep to short UAUA when it was at like $6.20. Asked him to put it in at $8. As he was searching for the shares, it started running like crazy, and so i had him change it to $9 and it ran to $8.35 before I even had the order completed. Looks like I should have left it at $8 though, as I would have already cashed out $500. Oh well.
ooopps- shoulda refreshed, nice catch zoltran. I have been following WDG (formerly LEV) for a long time, they suck, if it ever gets above $2 short heavily, IMHO, this company will be bankrupt in another year.
Couple of long plays to check out:
LBAS closed at it’s all time high yesterday after a few weeks of consolidating.
GSPG - strong and liquid penny stock that has a chance to make a fast vertical move here, imo of course ;]
Yeah I probaly beat you by half a second there sniper. ROX, looks like a good short at .50. This stock looks like rags.
Buying some PNCL here…may run like JBLU and UAUA
Made my first TimAlert trade this morning with ZYXI at short 200 shares 3.16 on the open. I watched it tank to 2.80ish and even posted on the timalert site as it was panicing and contemplating to sell then with a ~$80 profit in like 30seconds. However it bounced back quickly to 3.16 again then danced around 3.00 for a long time. When it started trending back up I covered to make it exactly even with commission. Looks like I should have held strong since it is back down to 2.81. Would have put me at 80% of my goal of atleast $100 a week.
bull raid on PNCL coming?
I think hyhy is setting up for a break out if it can get pasght 1.46, I bought at 1.22 though. What do you think. And can you post a couple longs because I still don’t have enough money to short yet…lol..soon..
what about hygs
TMoney, were you around for the HYHY short? It was puimped by a paid snail mailer that someone paid almost $4mil to send out (I got one, so did most traders I know). So they had a lot of shares to dump most likely. I woudl be careful going long on this one, but you never know.
TommyTim…UAUA now at 7:35…..ouch!
Long on LCC since 2.93…when to let go…?
Check out WM. Breaking down nicely….
Shorted 3k @ 5.45
Does Tim cover how he finds stocks in the PennyStocking DVD?
What’s up with Airlines today? All of them are up by 50%. I wish I had bought it yesterday :)
I am still confused how market is reacting lately. I shorted 100 stock of WB yesterday and did make few bucks today morning by covering it but right now it is green. I mean wtf company has written off 9Bn and still it is green.
http://www.timothysykes.com/ad.....ill-trade/
PCola, yeah I knew that, but it looks like most of the dumping
Man I wish I could short…
BXG a huge gainer today. any thoughts on shorting this stock?
Possible buyout at $15 a share.
new post about my PennyStocking DVD giveaway contest:
http://www.timothysykes.com/ti.....cking-dvd/