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10 Trashy Companies: Merrill Lynch & Co., Inc. (MER) & The Rest Of The Worst Companies Around

Posted by Timothy Sykes on Tue 29th of Jul, 2008 09:14:19 AM
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Just like in the normal stock market, sectors rotate being hot in pump and dump land, but since the sector/company/fundamentals are nearly totally irrelevant, the hotness varies cross different prices, subpenny stocks, under $5, under $10….right now, it’s mostly under $1 stocks making big moves, which can be good for many of you, but is not my game since I like shorting and shorting these stocks is risky biz….other than a potential short on USS, probly no trades again today for me, but here’s my watchlist:

VCSY has a great vertical chart that I love shorting, but only if it were priced 100x what it is here at 6 cents…2 cent stocks can easily become 20-30, even 50 cent stocks, but not so with $2 stocks easily going to $50

MYRA is a classic long term downtrending stock that’s gone Supernova—10 cents/share to 50 cents/share…really not my thing unless the price was multiplied by 10, but a decent short for those with a longterm outlook/ability to take on risk…already off its highs though

GNLK is one to watch for potential bigtime breakout past 53 cents/share

CNEX is an oldie but a goodie, last we heard from them, it was doing THIS, now it’s a 25 cent stock spiking to 40…here’s to getting it to $1, pump it up bitches so I can short it!

OFI has got everyone all excited about its breakout, zzzzzzzzzz, please, it’s a friggin boring industry, boring chart—it makes small moves that takes weeks/month—have fun watching the fakeouts and the breakouts on this one, if I tried to play it, I’d surely get spooked by the choppiness, no thanks

RNN had positive drug news so now has solid support in the $1.90-$2 region, really gotta go up waaaay more to get me to consider shorting

HDY is a press release happy turd that’s good to short on any spike…so far this spike, like the company itself is pathetic, reserve shares just in case they decide to do a PR to further this wannabe surge, maybe they’ll announce the company is shutting down to refocus itself as a PR firm and the stock will really surge

USS is up for a variety of reasons, still doesn’t make bitter longterm shareholders any more confident as they’re selling into this 100%+ spike….twas a good short from $5 to $4, many TIMalert subscribers emailed me and posted they made some decent cash that way…me, I’d rather wait for it to go red on the day, ideally in the afternoon before I start shorting, reserve shares for sure as this is my #1 potential short, just gotta be careful of further short squeezes

IVVI has a horrendous longterm stock chart, it’s the kind you want to short into, reserve shares to short

MER writes down more, CEO forced to raise $ after vowing he’d never do it…oh yeah, and this was a week after they reported earnings! How many blatant lies/examples of incompetence must be told before Osama bin SEC goes after the real crooks, not short sellers, industry f$%^ ups!

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  • Adam
    im in 48th place on covestor filtered by annualized returns thanks to Timmay!
  • longshort28
    Short MER?
  • OFI UPGRADED

    Overhill Farms tgt upped to $13.50 at Roth (8.87 ) : Roth raises their OFI tgt to $13.50 from $9 as they believe that operating trends are quite strong, with Jenny Craig sales up significantly and new product lines for Heinz and Safeway generating meaningful volume. Firm believe their Q3 estimates (62.0 mln revenues, up 16.8%, and $0.20 EPS vs. $0.06) as well as those for full year fiscal 2008 and 2009 are conservative and could be exceeded given the co's current sales momentum (no consensus).
  • WOW....I get in FFGO @.0001....sell @.0005....it continues to climb to .0008...its amazing that this crap company continues to blast on the words of the CEO of a "extraordinary dividend"...so tempted to get back in but think I will just be happy with my 400% return....unbelievable.
  • younggunz
    how many shares you buy of FFGO? 1million+?
  • yeah...just 1 million
  • longshort28
    so basically you made 2400 out of 600..nice bet
  • I think I'm with you on OFI here. I liked it better 100% ago earlier this year when I highlighted it.
  • scotty, the discussion is a love and well on the TIMalerts members only website, it was inevitable traders actually making $ would talk there rather then be annoyed by newbie questions,,, this is why I segregated everyone
  • brent
    50 plus comments on timalerts...
  • younggunz
    Yeah and I think half of them are mine :)~...Almost be a timbucks leader if they counted there too.

    Its not so bad over here just more people looking at the same plays to discuss with.

    More people come back here after the close and talk about their day.
  • mgar
    Check out the intraday breakdown of USS. Broke $4.61 resistance . I'm short at $4.60 (I'm only paper trading until I master this new strategy). How low will it go?!
  • Murph
    how did you find FFGO before the breakout?
  • Murph
    nvermind...marketwire...im lame
  • This is all a Scam
    TIM, I just turned $1 into $3, can i sell DVD's now?? 90% of all people that sell their system is because IT CANNOT BE DUPLICATED. sure, you can turn $5 into $7, but you CAN NOT make a million again trading with your system before. You find the gold mine, strip it, then sell shovels to suckers.

    see ya suckers.
  • luci
    USS tanking!
  • me and all my TIMalert peeps are short at 4.61...fyi
  • dear "this is all a scam"--are my testimonials all a scam too? go to http://www.timalerts.com and see them for yourself, that is if u've learned how to read
  • mgar
    I'm signing up for TIMalerts as soon as I stop paper trading. I've never shorted before so I wanna make sure I've got everything worked out before I got out into the battlefield.
  • lakhanin
    LAKHANINAlert USS is on its way down!!!!!!!!
  • This is all a Scam
    Hmmm.....13 testimonials. SWEET!!! Well, sweet only if you have 13 subscribers. I want to read testimonials of hundreds of people that were able to trade full time. The horrible truth is you can't teach idiots, they will change your "holy grail" anyhow and lose money. I do think you were a good trader, but this is like "Flip this house" show after the housing market peaked.
  • lakhanin
    BEAUTIFULL AFTERNOON FADE. PATIENCE PAYS OFF. I just bailed at 3.70 after buying at 4.34 for a quick $640@!!!!!!!!!!!!!!!!!!!!!!!!
  • brent
    this is all a scam: turn 12k into 4mill then get back to me. Tim is doing it again in front of your eyes. check him out on covestor...
  • lmsmith
    I am short USS_ down it goes--- and I will hold until it dives to $2.00 :)
  • bestdeception
    You outta take some profits while you can. Seems a little risky lmsmith
  • aaron
    Tim,

    Was able to locate shares of USS at 4.33. Got squeezed a little but stuck with it and picked up a cool $1490!!

    Thank you Tim!!

    -Aaron
  • awesome guys, keep giving me testimonials, proving to these morons who can watch it happening in front of that fat dumb faces
  • USS was tanking I bought some put options..what happens if you have a put and the company goes bankropt? that's a 100% return right?
  • Alex
    VNDA has formed an intraday pennant pattern - might be interesting going into eod
  • yaktipper
    If my capital wasn't tied up in apwr I would have at least attempted USS. Good job guys.
  • MARC
    Getshorty are you still holding on to UVSE?
  • bestdeception
    T-Money, not sure about puts, but I know if you're short and it goes under, you never have to cover, AND the best part is, you have no cap gains taxes if the company goes to 0. It's a huge loophole. Not sure about the puts, but I would think that you would have to close the puts out at .01, so depending on what strike price puts you had, you'd make a lot more than 100%. Ex, if you had $5 puts you paid $1 for, you would have to close out at price .01, meaning someone would pay you $4.99, so a return of almost 500%. I think. Anyone else know better?
  • nice call on apwr
  • younggunz
    I like how the hater comes in to trash Tim and at the exact same time Tim calls a breakdown perfectly. I took the same play and just made $306.30 profit off 400 shares in 45 mins.

    I am on covester too so you'll see my trade verified also.
  • trader medic
    anyone checked out ldk? looks like it will be a great short.anyone thinks otherwise?
  • lmsmith
    bestdeception- too early to take profits- only the first day down.
  • MikeY
    bestdeception, are you sure about that? I've heard otherwise, that you do have to pay capital gain taxes even if the company does go bankrupt.
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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.

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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%)