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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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%)
