11 Stocks To Watch: Some Stocks To Buy For Bounces & Shorts As Usual
Posted by Timothy Sykes on Wed 8th of Oct, 2008 11:46:18 AM
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Sent to TIMalert subscribers early AM today:
Damn it feels good to be liquid and right at all-time highs, up 105% year-to-date (136% since TIM inception November 1, 2007) just when everyone else is down tons and panicking. I sincerely hope you’re in the same position as me—most, if not all PennyStocking DVD students—because there are some rather high percentage setups forming and it’s the cool heads that will profit substantially…
I don’t like shorting during markets of excess downside—weird I know—due to the risk of a big squeeze/spike (always the contrarian), so I might actually buy stocks on the dip like I did FEED the other day…maybe not even stocks, but mutual funds—anybody wanna help me find some beaten down mutual funds that don’t have fees/expenses associated with them if you buy and sell within 1-3 days? LMVTX and CGMFX have gotten wrecked, but those are just two for possible bounces…
ENGO is one potential…was up 150% yesterday, too bad the price is so low or I might be excited
ESMC has the right chart to be a potential short, but it’s soooo illiquid
ZYXI has hardly any shares available to short…too bad, I really feel this is gonna collapse soon, but I guess I won’t be able to test out my theory
RZ took a few days, but finally really cracked…not sure if it would have done this in a better market though
MHGC is down to $6 from $10 at the start of October, potential bouncer?
APWR has dropped more gradually, and it’s sucked in a lot of naïve people who don’t realize how horrific/toxic every single company that’s ever presented at a Red Chip conference is…welcome to the gutter!
FEED bounced all the way to $6.90 before retracing $1/share….I hesitated to short…then it dropped too quickly, no guts no glory
ASYT $2.50 to $1.50 in just a few days, but doesn’t have a history of bouncing so I’m just watching
YRCW $12 to $5 in 5 days, company tried to defend itself, but nobody believes them…watching
DNDN tanked form the outset…gotta be quick sometimes to short these suckers
YGE $10 to $6 in 3 days, potential bouncer
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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%)
Shorted ZYXI on the break of $5 and out on the morning panic for a quick $1312 on 2k shares. My fills sucked, I hate OTC fills. But I’ll take it!
I’ve learned my lesson from VSE last week - take profits on the morning panic on a stock’s first down day!
nice reaper, that was a gimme, wish i could find shares…has anyone else been able to?
For something like YGE, how would you decide to buy it? Your indicators for selling are pretty clear but what about buying off a bounce?
nice bounce plays where’s da link fest!
YGE I’d follow the trend vs. trying to pick the bottom, if it begins to bounce it may be a worthy scalp but only for a scalp, it looks nice a few market sells in an illiquid stock
very tough to buy low priced stocks for bounces, as APWR people have learned…i’d much rather buy a strong company for a bounce, like ISRG that i’m looking at 187
What do you think of HMY after yesterdays spike?
Hey tim,
After u send out your alerts on good prospects where is the best place to find fluff news/pumping/stock promotion besides msg boards? thanx
new post:
http://timothysykes.com/2008/1.....iew-up-14-PennyStocking-annihilates-all-indexes-strategies-hedge-funds-their-worst-month-is-our-best/
“(always the contrarian), so I might actually buy stocks on the dip like I did FEED the other day…maybe not even stocks, but mutual funds”
almost sounds like a value investor. buy stocks on the dip, contrarian,mutual funds! ??
decode genetics inc. DCGN another CHCI like stock… nasdaq notice of non compliance(under 50 million market cap)..the big run up for a few days to try to get in compliance..already went from 20 cents monday to 75 cent today in after hours
ISRG is a great bounce play but they have earnings a week from tomorrow (thursday).
ISRG is going to move hard one way or the other on earnings so its a big gamble.
LOL oulous, i have trouble holding a stock an hour let alone a week