10 PennyStocking Plays, Methinks I’m Gonna Short Sell Today!
Posted by timothysykes on Wed 13th of Aug, 2008 09:57:03 AMAFT is a slight breakout, moves too slowly, stop emailing me about it
VRAZ might be a good short later today, watch out for potential fades, I’d still love to get a short off at higher prices cuz now there’s support at $1 so the downside isn’t much
CBOU is a classic stair step pattern (outlined in my PennyStocking DVD which you can purchase HERE) on “strong” earnings last week…risght at resistance now, support at $2.50 and $2.25 means downside is limited, really want a further short squeeze, to $4? That’d be niiiiice
APII is the latest TIMalert to do alright, down 8% from the short alert, some guys go in at $3.36, $3.30 and $3.20, some covered for quick gains, I’ll have a detailed post later, but understand I shorted at $3.40 and covered at $3.25, for a $300ish profit not because I wanted a quick profit but because the late day price action meant it wasn’t gonna go red on the day like I’d hoped so today could/should be another spike up, don’t short until it goes red or gets close as lots of early shorts haven’t learned what a short squeeze looks like…going long here is likewise risky, especially with earnings today or tomorrow
DFR is an earnings play that gapped directly to its highs, dipped and came back. Don’t short.
CHC is a potential short, but not until it goes red…had a nice fakeout yesterday sucking in some wannabe shorts. Now $3 is major support, but support gain at $2.75 make it not really a worthwhile short, especially given that it’s an earnings play
USS is now an earnings spiker, but it didn’t go up right away, this is important cuz it means the earnings didn’t get everyone excited at first…meaning its still a possible short, hopefully it’s a multi-day runner first though
APKT was an earnings spiker, now it’s filling the gap, MNKD-style, I’m in no rush to short
TSYS is now $1.50 above the key $6 breakout level, but its takes 2 weeks to get there…waaaay too slow and real a company for me
IMMR hasn’t gone up enough to interest me in shorting…yet
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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%)

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