The Latest Monster TIMalert Victory: Action Products International, Inc. (APII) Down 45% Since Alert To Short
Posted by timothysykes on Fri 15th of Aug, 2008 10:30:46 AM
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As I detailed in THIS post my reasoning for shorting APII, the odds caught up with them–them being an incompetent poorly run company, as evidenced by too many “earnings statements” & that nasty long-term stock chart–as they reported their latest shitty/bankruptcy-esque earnings.
Stock up 700% in 1 month + shitty earnings = inevitable bigtime tank
I knew entering my short ahead of earnings was risky, as I wrote in this TIMalert sent to subscribers when the stock was at $3.30:
yes the volume has faded, yes its finally red on the day, yes, it just took out the day low, but this is dangerous with earnings coming out tomorrow. i prefer to live dangerously. but that’s just me. no idea how long i’ll hold, could be 1 hour, 1 day, 1 week, i am aiming for a crack ofyesterday’s lows as that would make me feel very comfortable holding overnight, but we’ll see…the key is to judge these plays by price action, enter when you’re comfortable, exit when you’re not, always try to minimize losses.
…but that risk paid off
…which is the definition of a good trade: understanding one’s risk…Personally, I didn’t think it would collapse so quickly–most don’t, but my last 2 TIMalert shorts on USS and MKTY (see how they fared HERE) prove the current market environment loves punishing these turds–so when I covered into the morning panic at $2.66 for a $1,200 gain (5 minutes later stock was at $2.20ish…right now it’s sitting at $1.80…blehhhhh $1,500 profits left on the table) but I just wanted to get over $25k) pushing my tiny TIM account over the key–at least according to Osama bin SEC (see explanation HERE)–$25,000 threshold to $25,716, up 9% on the month, 107% since I started this quest back in November 2007. Which I do have to mention crushes ANY return of ANY newsletter writer/gruru/expert–percent-wise–especially considering all my trades are verified by Covestor, all trades are detailed HERE and I’ve made plenty of mistakes along the way aka haters got nothinnnnnnn!
PS Haters, learn to attack you’re opponent when he’s down, not when he’s just made his single greatest call to-date and has these ridiculously amazing TIMalert testimonials (see all the rest from previous alerts HERE) below to back him up and drown out the small losses–think average loss of $100–when he was too early with his short the first time around:
I’ve got other things I need to do. I closed my last APII shorts. Total profit: $3267.55.
-Reaper
This profit was cost of 3.35 average, buy back at 2.03, so $1304 plus the $934 I’ve already made, so total of $2238 thus far. Still holding 2K short.
-David H.
Thanks Tim on APII. I made 1500 from this trade
-Sundar
This was my first Timalert and so far I’m up $1,800 (1500 short at avg. 3.35).
-MB
I covered mine at around $2.45. Made enough to pay for Tim’s PennyStocking DVD that I ordered a couple of weeks ago plus now I made enough to also pay for TIMalerts for a year!
-NG
a nice profit off $241.50. Thanks for helping a college student with a poor paying internship out….you tought me more in a few weeks than Merrill Lynch has in a few months!
-M
Short 300 shares at 3.147 covered at 2.254 for a profit of $247.90 after fees… To date I am up $469.80 since joining TIMalerts starting with a $2k account.
-YG
just covered 500 APII $427 profit on my first TIM trade. You’re the man Tim!
-JP
Covered 800 shares @ 2.37 $664 profit on my first TIM trade. Thank you
-Todd
I shorted in afterhours (500 shares at $3.00). I covered at 2.27 within minutes of market open. Awesome gain!
-patel
Tim you made $1000 in roughly 45 minutes of the market open!
-Plombardo
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- Manipulation Monday: 9 Stocks Me Likie To Short Sell…Eventually | TIM - Timothy Sykes
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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%)
Those “other things I need to do” have cost me untold thousands of dollars yesterday and today. Bleh. I’m currently trying to simplify my life a bit so I won’t get distracted by other things.
Good Call on APII
Are most of the picks on this site geared towards shorting or are there any long picks (for entertainment purpsoes only lol)
What’s included in the 29.99 a month? An entertainment blog and what else?
Ignore the bashers, they like the mud. Rise above Tim.
Sincerely
El Kabong
I’ll answer for Tim:
most are geared towards short selling crappy companies. just read through 700+ blog posts. however, he is planning to start a speedtrader account to have long-only pics. he is waiting for his account to build up enough to split it into two. he buys multi-day, multi-month breakouts. however, he sucks at buying and mainly does shorting.
gj, you gotta stop doing good, i seem to have bad days during your good days
Fuck the day trading rule, i wasted a trade, now i have nothing to do.
Thanks A
One more question
Is the 107% number before or after taxes & commissions?
I read a post where Tim has a huge loss to work off.
If they are post tax & commission is 0% the tax basis being used?
Either way the number is impressive.
Thanks in advance
number after commissions. cygt loss has nothing to do with TIM account. just read here the story of how TIM got started and what his mission is:
http://www.timothysykes.com/tim/
What a wild ride on APII, back up 30+ %
el kabong
Yeah, Samurai, PDT rule sucks. I couldn’t get back into APII the other day because of it and missed the tank.
I’m considering splitting my account between two different brokers so I can get 6 day trades per week rather than 3.
Who the hell is buying APII like that?
Is it shorts covering ??
Is it just pain dumb people??
Or is it you shortsqueezer ???? BRING IT ONN !!!!!!!!
Its the value investers. its being pumped as undervalued and we’re being blamed for the price fall. They don’t care how bad the earnings are its the shorts fault
Thanks again. Well I’m off to the casino to cash in my Timbucks and play the penny slots.
What the heck, they’re only Timbucks haha
Best of luck
El Kabong
that’s right, I wish I was able to short some more here, TOS doesn’t allow under $3, also don’t want to risk margin calls if “investors start to realize how undervalued ths company really is”
maybe, I dunno.. how many subscribers does tim have? around 400 right? Say maybe 300 of them shorted around 400 shares of APII, that’s 120,000 shares - and they all gotta cover.. any thoughts?
Ok Ive done a search and everything but came up kinda empty for answers…has anyone ever even used Speedtrader? I just wanted to open up a secondary account and I was wondering how Speedtrader is. Etrade is good, but not that good for Tim’s strategy. Any info out there regarding Speedtrader would be appreciated guys! Thanks.
I know a trader who uses speedtrader and likes it for trading penny stocks.
LiveStock today?
Yoo Tim bring your ass up to LiveStock!! There are 200+ viewers waiting for you!!
No livestock today he said. Getting ready for his Japan trip instead.
Getting ready for the Japan trip? Come on don’t be a fat lazy american we want LiveStock Timmay!!!
RDN still breaking out. EOM, could make a lot of money, or the opposite..haha.. we’ll see who is right, the short sellers or value investors on this one. As soon as I get two grand in my TOS account I’ll start short selling Penny shits.
MITI. Wow!
Wow the APII longs are just pissed! They should be happy their stock is on discount and just recovered over 40%
Still holding my short. I still think that today was just a short covering.
SAME BOAT WITH YOU BESTDECEPTION !!!!!
BRING IT ON VALUE INVESTORS !!!!!
AAAAHHHHH !!!!!!
I signed for Covestor some time ago, but only linked my IB account, can I link my TOS account as well so they consider the sum as my total capital.
Can you make deposits, withdwrawals from your account without affecting your performance?
congrats on the feat of 25k
I am actually getting back in on the short side tonight in the after market. I think this one is on my list for the next month or so on the short side.
I am a little slower than most of you and can wait for a month to take profits (ie after the hype machine and the stock screeners stop picking this ticker up)
http://concisetrading.blogspot.com/
Ryan
i tried to short on AMTD but they said n/a. oops
XDSL who has contracts with lucent im hearing has the big player who gave this 1.5 million in buying power earlier in the year are loading up to do it again with news that is coming out within a couple of days. Im hearing this rumor from credible sources!!!
call their IR line like i did to try to pry info out of them at 973 256 3737 etx. 109