Worst Week Ever? Just Another 5% Gain Week For TIMalert Subscribers And I!
Posted by Timothy Sykes on Sat 11th of Oct, 2008 01:07:27 PM
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So 99.999% of the investing world just had their worst week ever. Barry’s blog post includes the nice chart of all the damage that you can see below:
Since its happening over several days, wannabe financial journalists and everyone else are wondering whether this was a crash or not.
What do I think?
I could care less, my tiny TIM trading account was up % on the week, or $1,400ish. Because I stay in cash until ideal trading opportunities present themselves so whether there’s a raging bull market or crash-like bear market, I’m safe, always on the prowl to be able to interject reason when everyone else who’s been taught to stay invested/diversify panics.
Even though I’m mainly a short seller, I do like to go against the trend (meaning I short into strength, not weakness) so while I miss big moves like a 20% drop on the S&P 500, I take smaller profits if I’m right about the trend of a stock changing. Which is why this past week, all my trades were buys…and I was right each time.
TIMalert subscribers know the full trade details as they’re alerted real-time whenever I make a trade, buys and sells, but for you poor people who cannot afford $30/month–and thus shouldn’t be trading–people new to the site and you non-believers, understand that when I buy on the dip into a big-time down market, I don’t want to stick my $ in some speculative penny stock because Penny Stocks are all about hype and the potential to be huuuuge winners.
When a nasty bear market removes the possibility of any big winners, that removes all upside potential. That leaves only downside as penny stock companies are the most susceptible to going under. Not ideal bounce plays.
So when I bought and sold ISRG twice, alerting TIMalert subscribers both times, buying 40 shares on Wednesday at $187.94 and selling an hour or so later at $193.02 for a gain of $193, and then a bit more aggressively (50 shares wooooo!) in at $161ish and out at $175ish in 20 minutes for a quick gain of $700ish (morning spikes move quickly as the new PennyStocking Part Deux/ShortStocking DVDs detail) I went outside of my niche only because I understand the limitations of the penny stock niche.
Still, the TIMalert subscriber testimonials, as usual, were there en masse on both ISRG trades:
Made $708 on 200 shares. Not ideal, but I’ll take it.
-MG
made $164 on ISRG, totally acceptable for my small account.
-Dan
Thanks TIM, Easy $5k profit
-vestor707
Total profit of $452.07 from ISRG and YRCW. Not bad.
-Reaper
Bought 40 ISRG @ 188.00 and stuck around to sell @ 195.01 – $260+ profit. Thanks!
-Charles
25 shares, in @ 189.28, out @ 194, yay i’m $118 richer
-RD
profited 103 after commissions…thanks for the 100 buck gain.
-don
And yet, I couldn’t ignore an easy opportunity to profit from buying one of the most solid companies I know that’s down nearly 50% within a week–just as many others did too, which I knew they would, aka beating the crowd. Even more important, I didn’t fall in love with my position either time because I knew the overall market was panicky and this was outside my core competency.
Knowing the risks and rewards of all the niches/stocks you play, that is the key to success during good or bad times. If you can understand that, you can ignore all the media posturing and laugh at it as I do.
PS Earlier in the week I wrote how I did buy overall crappy company FEED after a big dip, but only because they put out a PR detailing a ridiculous share buyback…knowing that would get their pumpers excited, which did happen later in the day as Rodman & Renshaw put out a note how important this was (R & R, or ticker RODM–not a bad stock to short themselves as deals dry up–does shady toxic financing deals, they’re FEED’s best/only friend!)
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Other Websites Referencing This Post
- Nice Bounce, Now Let’s Start Thinking About Short Selling Again! | TIM - Timothy Sykes
- Nice Bounce, Now Let’s Start Thinking About Short Selling Again! | Timothy Sykes Exposed.com Blog - Stocks, Penny Stocks, ETFs, News, Tim Sykes, Tim Alerts, Penny Stocking, Short Stocking
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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%)
Hey Tim about how many times in your trading career have you gotten into a trade and had it quickly go against you to the point where you had something cause the bids to completely dry up and the stock started to free fall or serious short covering which prevented you from exiting. For instance a 25% loss in a matter of minutes.
Come on Tim, the testimonials from “MG” and “Reaper” are both from me, although from different trades. You shouldn’t make it look like you have more successful followers than you do.
Plus, I profited $1300 on ZYXI, which, while not a TimAlert (because you couldn’t borrow shares of it), I would not have played if you had not put it on your watchlist.
Tim keep up the great work…you make it look so easy and do it effortlessly it seems!
Have you checked out my blog at iltorello.blogspot.com? I just want to know what you think. So far, I’ve gotten positive feedback!
I’ve switched up my trading strategy because of you…PennyStocking does the wallet good! Pennystocking is definitely where it’s at!
supernova?
http://img396.imageshack.us/im.....kedip6.jpg
cletus, never, i cut my losses quickly….
reaper, had to divide it up as some of those testimonials were for the first trade and then the second
eb, i like the blog, PennyStocking.com is gonna pick up its feed
love the seo work tim, dont think it goes unnoticed (also google will pick up)
Good job this week, i hope you dont get burned when the rebound hits m8
Tim. Quick question for you. I have been following your success and strategy for awhile now and am getting ready to take the plunge myself into PennyStocking, but I am wondering if you have given any thought into taking any long positions in large cap / blue chip stocks given their recent abuse. There seems to be a lot of “deals” out there in such an oversold market and it would seem like a good idea to buy some AAPL here or some KO there. Using these two as examples of course, but you know what I mean. Even for just holding them as a hedge against any Pennystocking losses. Of course this is just an opinion. Wanted to see if I could get your thoughts on deviating into the larger cap shares. Or do you think it’s just better to stay focused on small/micro cap given that’s where the money is right now!! Thanks!!
no long deals–thats what people at down 10k, 9.5k, 9k thought…only deals are when there’s true panic and thats tough to judge…dont make it hard on yourself, PennyStocking is easy!
Tim thanks for taking the time out of your busy schedule and checking out my work! It feels great that veterans such as you and Muddy like it! You’re so right..a blog makes you think about your trades and rationale 100X more. PennyStocking is where it’s at for sure…while most crash, we’ll make cash!