Sykes’ 11: Lots o Stocks To Consider Short Selling

Posted by timothysykes on Tue 19th of Aug, 2008 09:18:11 AM

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One day before my awesome Japan trip (detailed itinerary post coming later today…brutal honesty baby!), gotta get everything in order cuz when I’m there I’m not gonna be able to read shit! Some decent plays nonetheless:

FOUR I thought would be good for a bounce yesterday, was dead wrong, even though I said it was “risky, risky, risky, risky” and it still went up 10% from my TIMalert, many got in too late and lost…I took a $300ish loss…detailed post coming, no way in hell should anybody be buying this thing, it’s for the vultures now.

RDN keeps going, bouncy 25-50 cents/share here and there, still not a suitable pattern for me

STAA I mentioned several days ago, but before it really started spiking…gradual mover turning volatile, watch out, let’s see how far it goes

BHBC is a spiking bank with the chart of a pump and dump…as much as I wanna stay away from financials, the chart trumps that due to its perfection…definitely a potential short.

ZYXI is being played by everyone it seems, why I have no idea, support at $5, $5.25, earnings play, gradual riser, might go down eventually, but not with this momo, even when it does, it’ll be messy, probly like YTEC, look at its chart from last October

GPIC is an earnings spiker, but a nice chart for a potential short, I don’t expect too much collapsing, but it’s possible.

POGS is an illiquid Pink Sheet stock that’s surging, rumors of aupmp, rumors of earnings in thenext week, these kinds of stocks can go a lot further than you think, but it’s definitely one to watch for a potential short…I already reserved 1500 shares at Thinkorswim!

DYAX had positive drug news, but they’ve got a messy chart and they’re up too much in the past few weeks already so the breakout stalled…potential short

TSYS finally got the crap kicked out of it, but it was a morning panic withonly a little more fade in the afternoon, pity, but you know I like ones that drop in the afternoon as those can crack big without people noticing it…but this is a real company so it was doubtful it was gonna act right anyway

FMD is on it’s first big up day, very positive financing/management news, don’t expect it to crumble anytime soon, especially since it’s a crushed finance play, next!

IDMI had its first down day….oooooooo, it’s a gradual riser, support everywhere—on an intraday basis—no thanks to me shorting it, I want ridiculous spikes, not this gradual action crap!

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Alex

Now's the time to buy FOUR - still more short squeeze to come IMO. Short position had to be huge to tank it from $10 to $2 in two days. Getting ballsee and buying $1.50.

Alex

Volume still good in FOUR - could spike back to $3 again.

Alex

Shitty OTCBB stocks...did not get filled at 1.50 even though it went down to 1.43.

timothysykes

anybody who buys FOUR here is a moron, already tried to bounce, couldnt.

tried to short POGS, didnt get executed, you hyenas got there before me, congrats on your 20% gain in 30 minutes whoever u are

Alex

Thanks Tim!...Means alot Coming from someone who bought it at the high of the bounce and couldn't take a profit even with a fricking hoard of followers behind him.

timothysykes

alex, i buy into strength, not weakness..and if i had sold into my subscribers buying, i'd be a pump and dumper, as it is i though tit could bounce to $4. i was wrong, just like anybody buying it now is. ithappens

Alex

No harm in taking a small risk for good potential reward...You think all the shorts covered yesterday?...nah.

Alex

Tim, you're call was right, I think...you just misjudged the potential of it yesterday...buying at the HOD was good for a scalp but not a huge bounce.

ptramsey

tim, any thoughts about bsti, it has been getting pumped and spammed all over the place

timothysykes

bsti isnt up enough to make me care

investorslive

FOUR nice bounce, VNDM must be short they'll prob try to shake everyone out one more time before ripping it up towards $2 we'll see

investorslive

ZYXI beautiful short, pissed I missed easy borrow too

getshorty

ALex, your mistake is because you are assuming that all shorts are going to cover at some point, that is not the case, if the company goes under, they will never have to cover.

If I were you I'll get down of the trade in no time.

getshorty

I meant out

getshorty

APII couldn

Alex

Shorty - got filled long at 1.40 ... have no reason to get out yet. And I'm not assuming ALL the shorts will cover...I'm just assuming that the short position was huge and there are still SOME more shorts that will cover. Didn't we have this conversation about OSTK ?... where you were saying it's too scary to buy at $15. I think you were also telling me not to buy ARNA on that day it dipped down to 5.60, which yesterday hit the target of $6.70 that I had specified...it's a shame I wasn't able to buy and couldn't even trade vicariously through someone else cuz nobody took my advice (which doesn't even cost $30/mo)....oh well.

timothysykes

LOL always gonna be scalps everywhere, i'm such a bad timer, i look for setups of 50%+

getshorty

Haven't looked at ARNA or OSTK, don't remember having ever looked or mentioned those stocks. Just my take on FOUR, trying to learn some more, will keep an eye, good luck anyway

Alex

I'm also long TGIC @ 1.80 .. As I said yesterday ... it looked like it a good setup ..so I bot it at open today. These are not necessarily day trades ... more likely swing trades. I tend to have better results with swing trades.

Alex

Yeah, Tim, I'm still trading my old way (which has the benefit of being much more scalable than your method...ARNA, OSTK tradable in much bigger blocks than stuff like FOUR), but trying to watch and learn your methods.

Alex

Also ... you gotta be very very patient if your gonna wait around for 50% plays ... in the meantime, you could be scalping

YngvaiMalmsteve

Looks like IDMI might be ready to break out again

timothysykes

" in the meantime, you could be scalping"

yeah or i could be having a life/growing my publishing biz. scalping is no way to live, trust me on that

Alex

Shorty - we had a long back and forth convo re OSTK the day it crashed...continuing into d2 of crash...i'm suprised you don't remember......
oh, look here come some more big bloks in FOUR...10K, 10K, 46K @ 1.70... must be those scammers buying their shares back.

Alex

Yeah, I would never want to be a true scalper, even though they can probably make lots. Which is why I mostly swing trade. Times like this, though, I'm in a stock that I can't trust a stop loss with (FOUR) and have to sit here and do computer stuff while I watch the frickin tape. Probly not worth it...but hey, i've only been at it for 2 hrs, could call it a day any minute now.

timothysykes

new post:

http://www.timothysykes.com/timsykes/2008/08/19...

eric_S

Holy balls. Has anyone taken a look at APII today? I pulled the trigger about thirty minutes ago and made close to 3k. I'm still stunned. It was the best trade I've made all summer. Tim - You've got a Hickory Farms basket coming your way - or maybe I'll actually subscribe to Talerts. Unless you want the Hickory Farms basket - totally up to you.

timothysykes

awesome eric, just signup for an annual timalerts, that way u're not just throwing $ away...and u'll never miss another apii

younggunz

HAHA I just went to the apii message boards and some guy tried to call tim out about calling IEHC crap. Yesterday when he posted the stock jumped to 6.96 intraday high with a close at ~$5.4. Today its down to $4. Laughed my ass off to see that guy have to eat his words. I didn't find where you mentioned IEHC though so I don't know what exactly you did say about it. Or why the hell it wasn't on the list this morning!

Fantom

Anyone with a Speed Trader account yet? If so how is it?

Mike_13th

IEHC posted right here last night:

http://darksidetrading.blogspot.com/

Along with POGS and a bunch others
POGS a running one now. I know it was pumped before,still light vol but I like those for gradual longer term fades

IECH bizarre chart,dropped from hod 7 to near 5 close.

Mike_13th

"FMD, what can you say, it was a monster today...but i think the fall will be nice...maybe under 5?"

Yeah maybe,broke 5 and all she wrote.

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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%)