5 Things You Should Know About…The Most Important Being Apex Silver Mines Limited (SIL)
Posted by Timothy Sykes on Tue 23rd of Sep, 2008 01:20:19 PM
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1. SIL is an ideal kind of PennyStocking play. All you people who’ve been disappointed by the lack of recent non-financial penny stock volatility, here’s your chance, look at its chart, up 300-400% in 2 days
That’s the kind of chart pattern you should be interested in, not this $11 to $14 EPIQ crap. I can’ find any shares to short with Thinkorswim, but both Options Express and Interactive Brokers have plenty of shares available. When to short for the inevitable big drop, who knows, gotta wait for the momo to die down a bit, but if you’re skilled, you can profit easy 25-50 cents/share off the intraday chart patterns, patterns that will be detailed in my upcoming PennyStocking Part Deux DVD going on pre-sale later this week HERE.
2. I’ve got 2 seminars coming up, one in Vancouver in mid-to-late-October and one in Vegas in mid-November. I gotta hear from you guys to see when exactly you’re free to come as there’s no seminars without you! Contact me HERE or post below, let’s set this stuff up–it’ll only be like $300 for as many hours until my voice runs out if I can get my sponsors involved.
3. Bought to cover my share to pocket a quick $460 today on MKTY…a bit disappointing, but I cover quick when support holds (see my VLNC trade), there were few sellers his morning and big buy blocks lined up. So I got out. Smart TIMalert subscribers could anticipate this whole thing–given that I lay my strategy out ahead of time–and bought when support held in the 1.70-$1.80 range and go out now around $2. Not big $, but sometimes going short isn’t the right angle….sooo many different profit angles, use em all. Now I’m at $26,700, up 6% on the month, 115% in the last 11 months. Patience is key.
4. The chat on TIMalerts.com is up, it still need tweaking, but 70 people are chatting away. Our whole site upgrade is screwed up. It’ll be resolved in a day or two, stop emailing me and whining you spoiled little children. If you don’t like it, go back to right 40-50% of the time EVERYONE ELSE in this joke of a “guru” industry.
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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%)
Wow take a look at RIC intra-day.
Traders Expo in Vegas is 11/19 - 11/22 So Maybe TIm could do something on 11/23. I hope to come to Vegas but I do not know for sure yet.
Billy
With all due respect, SIL had already tripled by the time you wrote this piece (from 1.13 on Wednesday to a high of 3.68 today) and had a similarly nice run up intra-day. But if you played it after reading this article, you got nothing.
Potentially a great pick, just a little late.
SIL was in my morn watchlist, and there hasnt been a major short play yet…please guys, check out m DVD so i dont have to keep explaining my strategy over and over
http://www.timothysykes.com/dvd
FYI Tim & Pallian, TimAlerts’ new server is still not propagated through DNS to me here in St. Louis.
Lucky777, he didn’t say to buy it long. The idea is to wait for it to reverse (fading volume, price cracks down) and catch the fall on the short side.
Oh sweet jesus, I was thinking about going long on SIL and short on FEED/PDO (even had shares reseverved). If only I were a smarter/ballsier man, I would be richer today. Unfortunately, I stayed up too late doing DD and had a review this morning, so I didn’t have time to get in on today’s action and also sleep. Kinda sux because it will be a while before we see anything with such good risk/reward prospects due to all the stuff going on in the market now with commodities/oil, but gotta focus on the day job! Great picks though!
uh oh CDS are going to be obselete…..music is gonna be sold on SD memory cards….get the guys in the boiler room from Wall Street Warriors back on San Disk lol
new post:
http://timothysykes.com/2008/0.....ow-stocks/
I’m always in for Vegas… Keep me in the know…
nice thanks for the emails guys, these seminars are gonna rock!
SIl—nice— run up— I will catch the fall—!!
yaktipper, thanks for the explanation…maybe I should have read Tim’s post first! I looked at the chart at saw all the upside, and made an assumption that it was a long recommendation.