Behold The Latest Perfect TIMalerts Short: Mechanical Technology Inc. (MKTY), Down 30% Since My Alert

Posted by timothysykes on Wed 23rd of Jul, 2008 02:48:57 PM

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Another day, another huge TIMalert victory—this time it was calling, profiting, blogging, predicting, you name it, MKTY is down 31% off its high on the day…$5.50 to $3.78…so far. I profited, TIMalert subscribers profited, and just about everyone else couldn’t find any shares to short—welcome to the TIMalert biz model. Good things come in low float packages and everyone wants to reserve shares to short…TIMalert subscribers get the email/post on the subscribers-only website at 8am, everyone else gets the info later, usually after all the shares have been reserved.

Here’s the story of a pump named MKTY as told by my alerts—this isn’t magic, it’s just how pump and dumps act…it’s about time people gave them the respect they deserve cuz they’re just so damn predictable!

Posted on TIMalert subscribers-only-website at 8am today:

MKTY is my #1 potential short today (already reserved 1,500 shares to short or the day), especially on any spike, I was early shorting yesterday, but played it safe and even managed to escape with a small gain…TIMalert subscribers know all about it as the subscriber-only website had over 100 comments yesterday (new record!)…also discussed in my blog post last night…this is a pure pump, but it’s only a $25 million company so it can go further than you think possible…yesterday was 2nd big up day, if this pattern holds true, the 3rd day is tough for it to finish up big, let alone up at all…of course the pattern h as mutations so maybe we’ll get a true Supernova here…at the very least, I’m hoping it can squeeze some early shorts past the the key $5 resistance

shorted MKTY at 5.40, perfect, perfect pump and dump price action

perfect short squeeze this morning on pathetic volume, tried shorting 1500, only 300 shares got executed before price cracked on even more pathetic volume…shoulda woulda coulda been more aggressive in my limit order and gotten it all filled at 5.35, 5.30, but hindsight is easy….good news is no way in hell did u need this alert to tell u when i’d short, i called this price action EXACTLY in my premarket watchlist…guess i’m gonna hold these 300 shares for a while, not worth taking anything less than 75 cents/share profit

covered MKTY at 4.73, wanted 4.53, good problem to have, 15ish% profit!

yeah i know i said 75 cents/share profit, booo hoo, i only got 67 cents/share profit…had my order at 4.53, but somehow it didnt get executed during the panic selling…if it was a bigger position, i’d probly wait around for the probable late day fading, attempt at taking out just now found support at 4.50, but i’ve got too much stuff to do to worry about trying to extract another $60 in profits…fact is this was a perfect TIMalert call so i expect testimonials galore from you people (just comment anywhere on my TimothySykes.com or TIMalert website, u know i’ll highlight em!…no need to rush, this bubble is probly popped as i seriously wouldnt be surprised to see this thing under $4 in a few days, but who knows, i like to taking my quick profits, no need to worry and i’m proud to have another giant TIMalert success

End result: I shorted only 1/5 the shares I wanted, covered $1 too high, but my good entry made me $200ish on a $1600 investment in less than 2 hours. (Suck on that value investor bitches that’d take you a year, a good year at that, LOL!) If the goddamn SEC hadn’t clamped down on my ability to trade (others are beginning to see my point with this, right?), my early exit would matter little for I’d be in and out this thing more times than Lindsay Lohan in rehab!

Infinitely more important, even though I had an itchy trigger finger on the exit, my last alert said under $ was a possibility and now that’s happened today no less! I love when TIMalert subscribers bank thousands of dollars: behold the testimonials you curiously don’t see day in day out on all these other “newsletters”…cuz they’re all Bullshittttttttttttt.

Yup, that’s a dare to every other newsletter out there, I post my numbers and now testimonials every day, you put up shit. You don’t deserve to lick the ground I walk on, not because I’m that great/good, but because you’re scum…typical finance industry scum. Put up or shut up cuz lil brtually honest Timmay is gonna shut down you talentless tricksters / marketing maggots…or at least take your subscribers away…

Testimonials:

Made $652 on MKTY after commissions. Sold my 700 shares at $4.15, a 0.96 or 18% profit. Perfect call Tim!
-AdamN

Out of MKTY for a total profit of $720.
-getshorty

Sold short @ $5.10
Bought em back @ $4.49
= Profit of $599 after fees/commish…TIMalerts is hot this week my friends…
-PD

made $300ish on MKTY on 900 shares Short @5ish covered at 4.67ish.
-Davey

Out of the position now and profited $295 after commissions. Thanks Tim.
-Kusumo

…took $102 in profit on the way down
-Reaper

Shorted 200 shares of MKTY at 4.97, covered at 4.70. Even with a slow trigger finger I made an easy $55 on this perfect morning TimAlert watchlist setup…TimAlert subscription paid for on my second trade.
-YoungGunz

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Related Reading

Comments Like These Make A Grown TIM Weep… October 31, 2008
Guess How I Did On My Latest CDC Corporation (CHINA) Trade? August 5, 2009
How I Made $500 & My Subscribers Earned $10,000+ Short Selling Arena Pharmaceuticals, Inc. (ARNA) February 19, 2009

timothysykes

and check out my buddy's new article on oil:

http://www.tradingmarkets.com/.site/eminis/comm...

UFgemini

Timothy Sykes is the man of money making land!

MARC

anyone have a take on FED?

getshorty

HOw can we short oil from a brokerage account, lets say TOS or Interactive brokers?

Zoltran

you can short an oil ETF

total_keops

USO is a good ETF for oil

bestdeception

Go with DTO (double short oil). I've been in since 22ish. Sold a little here, but will hold the rest for a while.

total_keops

And if you want the real thing, it is the futures contract on light sweet crude oil, ticker CL. Current contract is september 08.

younggunz

man just watching that turd sink even more gets my trading finger twitching

marketGirl

covered at 3.90...$425 ..total of 900 on the day though...althuogh tim said no i made two perfect shorts of UAUA which made me money way faster than MKTY...
you are great tim...but as for myself i would not just limit myself to your strategies...cause there are limitations when it comes to shorting hard to borrow stocks...

Zoltran

MGN anyone?

longshort28

Tim Check WSCI..20% down

getshorty

Thanks for the oil funds, just got 100 shares of dto for holding maybe for sometime, unless there is a big drop and then I'll cash it for using it in more pumps and dumps.

YngvaiMalmsteve

Ugg...I was short WSCI yesterday and I covered for a small loss when it hit 9.83...

Lux

Tim, something about how you are leveraging the scarcity of the shares available for reserving to promote your alerts annoys me greatly. It also makes me wonder how this is not stock advice.

timothysykes

lux, you're right this is not stock advice, i'm am not a financial advisor, this is for entertainment purposes only, this is the same shit i've doen for a decade, but before it was me alone grabbing all the available shares....since i suck at timing, i dont deserve the shares, my subscribers do...

UFgemini

market girl i hope you got rid of RUNU before it tanked

PCola

MarketGirl, I played UAUA on the long side from $8.38 to $8.99, obviously pulled a Tim and sold WAY too early...

nick

i guess i can now subscribe to your timalerts,... ill be using the money you made me today, to give to you, by subscribing.. I shorted today at open, went through instantly, 400@ 4.86, i shoulda have been more aggressive(shorted more, or set sell limit higher), but wanted to take it easy.. im still holding the stock, and im not sure what i should do, sell at open tomorrow, or get greedy.. As all your previous picks ive been following always do ridiculously good long after you jump ship.. any advide tim would be appreciated on this trade. and anyone know what the deal with google finance on quoting the price of this stock

UFgemini

Does anyone think FORC is a good potential short???

Evan

TIMMAAAYYY! I'm back with almost too good to be true trades!
This pic is taken about a days boat ride south of Manaus, Brazil on the Amazon. The men behind me are cleaning the day's catch. I know you hate frauds, so I'll say straight up that the picture was staged. I had finished it before I ever even left Florida!

So I read the book and watched about 75% of the DVDs (skipped some because I read through the giant booklet first not knowing it was the powerpoint outline! :)

I've made two trades since I've been back:

shorted GGR yesterday (after first down day) on johnnyvento's suggestion from the 13th's site late Sunday night. Covered late today!

reserved 2000 shares of MKTY at 8:01 with TOS (early bird)
shorted 1000 at open (4.94 avg with like 6 fills) knowing full well a spike could come. Sat patiently through the spike while reading that Tim happily shorted a panic cover at 5.40 I never used my remaining 1000 shares- was waiting for a supernova spike that never happened. Finally covered (3.89- not risking any AH pain).

In short, I've made a little under 2k since I've been back. On two trades thanks to Tim's strategy!!!

TomT

Having Margin taken away for too many pdt... SUCK!!!!! no shorting is costing me $$$$.. MKTY was soo nice and soo perfect.. plus with Timalerting us too.. damn.. How easy can it get.

getshorty

HI FIVE YNGVAI !!!! I DID EXACTLY THE SAME, COVERED YESTERDAY AT 9.83 !!!

I took a small revenge today, shorted 300 shares at 7.73 and covered at 7.43 (set an alarm at 7.90 when it was flirting with 8, somehow it wasn't trigerred and when I chequed it was already 7.73)

SO... whats in play for tomorrow?

getshorty

Tom, dump your broker and start fresh on other.

Evan

[img]www.islandministries.com/AmazonwithSykes.jpg[/img]

sorry- forgot to post the pick right.

Evan

[img]http://www.islandministries.com/AmazonwithSykes.jpg[/img]

timothysykes

awesome story and pic evan, that deserves a blog post!

getshorty

Great Pic, How you post pics here?

Pardon my technological ignorance.

YngvaiMalmsteve

Getshorty, at least you got some revenge on it.

I completely f'ed up my execution on the MKTY short. Shorted early, but I KNEW there would be a spike, and I KNEW it wouldn't probably get past $5.50 because the chart showed there would be some resistance at that level. Yet I let my emotions get in the way, and I got shook out at $5.42. If I had just held for that extra 8 cents and let it come back down. And I couldn't get back in because there were no shares available....and I kept trying ALL DAY. The TOS guys were probably getting annoyed with me bringing up the chat window every 15 minutes to see if shares were available.

I at least made back a big chunk of the loss with my CVP short.

I have to see a client early in the morning so I won't be playing anything tomorrow morning.

Tony Ellis

Anyone wanna guess the opening price of AMZN? People must be having trouble reading the report.

bestdeception

Umm....I'm gonna say they're gonna open around 78-79. QCOM will help boost everything up tomorrow AM.

Tony Ellis

Who the hell knows? Nice trades on MKTY. I couldn't borrow shares.

Mike_13th

in chat I said today:

(Jul 23-09:57) 13th_FLOOR: i'm gonna triple MKTY under 5

That means I was so confident that I shorted with 3x's my normal full sized position

I was loaded with 3000 shares at average 4.66
(Jul 23-10:07) 13th_FLOOR: caco, avg MKTY 4.66 from yest

I had it on radar since Monday for short:

(Jul 21-15:31) 13th_FLOOR: reserving borrows for MKTY,Laura?
(Jul 21-15:38) 13th_FLOOR: Ryan cause MKTY was someone's pump and 6 days up in row

Congrats to all who nailed it!

bestdeception

what chat room mike?

Jason

Evan,,,,,nice couple of trades you made there...Just curious your reason for the Amazon?...Me and a friend import certain aquarium fish from the Amazon basin for breeding purposes...Sounds crazy but it is a hobby of mine for years...That is one place I would love to visit anyway...Awesome you were able to visit.

leo00o83

This is the trade I wished I was in today but I was for some reason too afraid to trade this hot potato. :(

Instead I got fooled in one of the many break out fake outs (DTG) and wasted my ALTI gains.

Finally a perfect set up and I was chicken sh1t.

Congrats to everybody who got in MKTY.

getshorty

Any supernovish stock for tomorrow, anybody has something to chew?

YngvaiMalmsteve

Getshorty,

My stockfetcher scans didn't turn up anything that would have supernova potential.

EEGC did break out on good volume today, BUT if you look at the 2-year chart, it's sitting right at resistance.

SLAT is a spammer creeping its way up again. Might be a good long or short depending on what happens in the near future.

GSPG broke out a few days ago and looks like it's consolidating.

EFFC is a low floater forming a pennant right now below the 17 cent breakout point. Next resistance is at 20 cents on the 2-year chart.

MNLU looks like it may start creeping back up again, setting up for another good short at some point.

Mike_13th

gs,look at these charts,maybe you'll see a few you like.Myself I see a few I'd go short on even if green but off say 4-5% from hods.JUHL was a great short on last runup if you can get borrows.
FLE a dog and near even dollar mark

PHHM TSFG AMFI GRH CASB FRGB FLY BLUS PNCL WRSP JUHL RDN CORS PMI FLE IBCP ORS WDG COBR FORC

Mike_13th

Oh and I'm still short pump PURO so thinking more downside

JS

Dang, Tim. Every share is gone 5 mins after an alert goes out. Talk about loyal subscribers.

Instead, bought into a crappy mortagage insurance company named RDN. They provide insurance to Freddie and Fannie, so they went up on news!

400 bucks so far!

getshorty

Wow, thats plenty for homework !

Thanks a ton Mike and Yngvai !!

Mike_13th

gs,none supernovas,that true but i really see good risk/reward on a bunch.

First time I can say that in many days.

Plus theres a few right at/under/over even dollar marks which I love to trade around.
FLE WRSP BLUS in that category and look bow wow to me.
And COBR yeah an e/r but look at that daily candle.
Big gap then sold off big from hods

yaktipper

I'm patiently waiting for a liquid long TIMAlert, and completely enjoying you guys nailing these shorts.

How are you guys gonna keep your heads on straight? This is ego-growing, big-head making stuff here. Don't go screwing it up now thinking you can't go wrong. Keep looking for those special setups.

LONGSHORT

Mike_13: are these all stocks you recommending for shorting? They all ended in green today.

YngvaiMalmsteve

FORC pumping has started again

http://siliconinvestor.advfn.com/readmsg.aspx?m...

Mike_13th

well,not reco's just watching short biased and yes I look for ones that i know are pumped and/or have runup in last few days to short.

Many I will hop in long then hit the "flip" button on IB and automatically i go short on the same stock when i feel,as i did on STSA today when it couldn't crack 9,the run has ended.

I made 40 trades tues,mostly doing that.
This is an awesome dt market imo,the volatility is wild

Mike_13th

Like look at BLUS chart,it's almost doubled in 5 days and its sitting right under even 2,so to me i can go short it fails 2 break and use a tight mental if i'm wrong.

Same with WRSP bit under 3.
Almost a double in 7 days.

Alex

getshorty - I'd watch the airlines tomorrow, obviously.
MESA is one that hasn't gone supernova yet. Maybe the bulls will raid it after the big deal plays.. LCC, JBLU and UAUA get dumped. I'm holding PNCL overnight again from yesterday...their fundamentals are actually pretty stellar compared to the others..and the float is low. They're all down afterhours, though.

Another crazy runner from today...RDN...watch that tomorrow too.

You have any ideas?

Alex

PS - look at OSTK today - got back over 17.
Another mondo-loser was ARTC - nice short squeeze as well but after all the trades in OSTK I had no cash avail to trade it (yesterday all I could do was buy 100 shares PNCL)...my OSTK trade settles tomorrow so I'll have plenty to trade with

Tony Ellis

Careful shorting these spikes. I'm not making a bottom call but we have near record volume and considerably stronger volume than back in March. I think we get a good pull back at some point and that will present great shorting opportunities just make sure you see weakness first.

johnnyvento

Good job Evan, thanks for the mention, even the hyenas have some good suggestions sometimes

Prophets

Hey Tim, How do I change my Timalerts email address?

timothysykes

judst email me if u need an aleerts email change...i'm off the apple store to go buy myself a new laptop

pumacom

Good for you getting a mac Tim, you'll never use a shitty PC again. Frustrating for a few days, but once you get the hang of it you'll never go back.

pumacom

You'll never have to buy any shitty Macaffee anit-virus or any other antivirus software again... my wife's shitty pc froze a while back and wouldn't work until we paid $75 to update anti-virus software! Fuckin bullshit, so I bought her a mac and now that's all we have in the house.

Tony Ellis

I have Macbook pro and love it.

UFgemini

Hey Tim....your new post does not work...entering a password kicks you off of the website

longshort28

samething with me...I cannot see today's reco

younggunz

yup looks like it got accidentaly password protected.

younggunz

MNLU is looking the most promising for a breakout out of FORC, SLAT, and MNLU.

pumacom

Keep an eye on MITI... breaking out of a flag above $4, and only a tick away from multi-year highs of $4.08...

Fantom

Tim, what's up with the password protection on the new post?

totobernal

is it now going to be like that? with a password? or it was set up by accident?

UFgemini

HTOG has strong volume today so far...i got out yesterday before close...wonder if that was a bad idea eventhough i made money.

GCOG looks to rebound off of a huge dip from its highs on stock promotion...gotta love it....as well as coming news on production.

MARC

Mike what did you short STSA at?

MARC

Anyone have a take on ABK?

HoustonBIZ

Gemini, I held UPDV overnight for the morning spike, sold it, then switched over to HTOG @123 ...hoping they''ll keep pushing higher but I'll burn a daytrade if need be. What are you in right now?

longshort28

Just shorted FLY and UAUA.

longshort28

Any thought on WSCI?

studentofthegame

Where does RDN go from here? Any thoughts?

younggunz

I think it was a mix up with the password...I laugh at how mac users blab about how they don't need anti-virus. you realize the more popular your macs get the higher your risks for getting hit with viruses or hacked become. Macs are just over priced pcs nowadays. i've used macs plenty in college and i can get those suckers to freeze up with the rainbow pinwheel of gayness pretty easily.

UFgemini

houstonbiz....i wish i would have stayed in HTOG, i missed an extra 27%...right now im in GCOG, FFGO, and UVSE

HoustonBIZ

well i've got a hell of a story for you about that NPIA i called last week, but about HTOG i'm seeing next resistance level at .019 am i reading that right?

longshort28

so it is a time to short STSA?

UFgemini

that looks about right...well gotta go to work....i cant wait until i can quit my job at AT&T and do this full time. Talk to you later.

HoustonBIZ

TTYL

donnacap

Picked up 200 on RDN

studentofthegame

Good work Donna.

Only pulled about $90 off of RDN after probably the worst trade execution possible on my part. Left over $200 on the table. Oh well, still ended up with more money, so I will still sleep tonight.

TommyTim

Manipulation found in oil trading but from 2007. No proof speculators caused the surge. According to Warren Buffett this was simple supply and demand. You gonna argue with the greatest investor in the world.

Government yesterday announced plans to put a cap on oil traders with new rules. A trader today said this could be nightmare if they go through with it. Feds want to bitchslap oil to the $80 level. Good luck with that. 1.3 trillion bailout coming for financials and homebuilders will cause a superspike in oil. Oil will close the year above 160.

This nonsense we've seen in the last 2 weeks in the financials going up 100% for certain stocks will be very short lived. How is the naked short rule working on FNM, FRE, and WM today. All going belly up. Wachovia went up 50% on a 9 billion loss for the quarter. LOL

Ford today announced 8.7 billion quarter loss. Worst in its history. Why isn't it up 50%.

DOW under 10K by end of year. Things will be getting ugly. No more magic Fed interest rate drop to cure all ills. Feds are already lagging on interest rate hikes.

Short everything in site that is financials or homebuilder. Sleep on it. If it goes up add more. In another few months most will be penny stocks.

MARC

TOMMYTIM my man,what in your opinion would be your top 5 stocks to short?

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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)!

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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%)