13 More Stocks Of The Worst Companies In The World aka Incompetence Is Fun!
Posted by timothysykes on Fri 8th of Aug, 2008 09:37:39 AM
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VRNM, after a nice little 1-day runup on the BP deal, this thing tanked. I said don’t short it—it won’t be the first solid short I miss, I just stick to my rules and shorting contract winners is a no no since in my experience, the stocks usually act differently. I feel no regret whatsoever although some of you banked on this.
NOBL is my latest TIMalert winner, already up 8% since the email went out to TIMalert subscribers (click HERE to see what all the hype is about and become one!), I fully expect to take my profits today—although it’s not gonna be necessary since this really could be a multi-day runner. As I posted HERE last night…that’s my research, but more importantly today, there’s gonna be 2 kinds of price action (I’m guessing), spiking and fading. The sellers will no doubt eventually get organized, just as they did yesterday—for $1ish off its highs—but until they do, early shorts should feel a lot of pain cuz it could get craaaazy in the morning, just as it did yesterday when the surprising superior earnings were first announced. If you’re gonna short, wait til a wall of sellers shows up cuz until that happens, this thing could eat through sellers like warm butter and surge further than you think possible.
GERN is the latest breakout to fail and instead drop bigtime, news after the close yesterday means though it could rebound today and become a rare breakout-fakeout-rebound-breakout or a more common breakout-fakeout-rebound-fakeout play. Yes, follow along kids, these things are like bouncing balls on a wooden floor—just gotta pick the bounciest.
CHINA is breaking out too, but where’s it gonna go, massive resistance everywhere, if it hadn’t become so boring, I’d look to short this scumbag. How do I know it’s a scumbag? Dude, I’ve been doing this a decade, I’ve seen so much deceptive shit from these guys, I could write a whole book on corrupt Chinese companies, but it’d only sell 50 copies before I got killed by a ninja…Creative accounting earnings reported after the close yesterday, let’s see how this plays out
ZYXI couldn’t do anything to the upside after such a big run, it’s tough to keep a pig afloat when many shorts are already squeeeezed. Idiot IHubbers need to do more grunt work promoting their piggie.
CHC is another earnings spiker, solid longterm chart, big reversal after spike, reserve shares if you wanna short it. Thinkorswim called me yesterday to tell you guys to only reserve if you’re gonna short. No joke. So stop screwing it up for everyone, LOL.
FLWS spiked and reversed a bit on “solid” earnings. This one’s a dog, 1% revenue growth, zzzzzzzzzzzzzzzzz, too boring for me to even short it, but I know many of you are boring, especially judging from your emails, so far be it from me to deny you a boring stock that suits your personalities.
YTBLA is one of the biggest turds I’ve ever seen, but you gotta love when they title PRs like “YTB International Contemplates Implementation of Franchises” LOL. Good luck finding shares to short of this
PLNR is really sick of seeing tis stock go down, so they report earnings, a contract and an acquisition. Is there anything they cant do? OH yes, go up. Too bad. I’ll look to short this if it goes up a bit more
ILE was totally boring sideways all day…sure it had a morning dip, but no afternoon fade. Anybody who shorted when it went red on the day forgot that it had to take out intraday support too. Miss one variable and you’re gonna lose. That’s why I proudly promote my PennyStocking DVD package, guaranteed to make you understand all these inter-related variables better.
RTK says they did something successfully, I don’t believe em. Just as Rome wasn’t built in a day, you don’t get a stock chart like that in a day—it takes some serious incompetence. Already 10% off its high, too bad they’re so good at failing—everybody knows it and wants to short them!
CSAR is another failure of company—not sure how management looks themselves in the mirror each day, maybe they stay young by drinking the tears of bitter longterm shareholders. Already off its highs though—are you seeing the pattern yet?
GTE isn’t up enough to short, those of you who did just don’t get how this game works.
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