Nice Bounce, Now Let’s Start Thinking About Short Selling Again!
Posted by Timothy Sykes on Tue 14th of Oct, 2008 11:49:15 AM
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This was sent to TIMalert subscribers this morning:
Got the big bounce yesterday like the morning futures said we were gonna, but the real $ made—other than those will all day long patience (not I…especially in this market)–was in the afternoon ramp up. This kind of an afternoon ramp are the intraday chart pattern detailed in my brand new PennyStocking Part Deux DVD (even though this is an entire market ramp where the DVD focuses on how to play individual stocks)
Now with ISRG over $210 and an ANALyst upgrading them yesterday—somehow they missed the previous few days, probly too busy doing coke—even my $187 initial entry is looking good, forget about my buy at $161. Welcome to the world of dip buying, you can either take quick high percentage gains like we did or hold out for something more, your choice.
Here are some stocks up big yesterday that are looking mighty fine to short soon…looks like we’ll have another big up day today and I’m traveling so it’s gonna be tough for me to trade—yes, aside from my daily morning watchlist, life interferes sometimes and I won’t always be there to alert you to awesome setup, aka invest in some of my instructional trading DVDs so you can learn to do this stuff yourself, probly even better than me!
Do I really care about “missing the bottom”? No of course not, people who say that don’t understand what PennyStocking is all about—I’m not trying to predict major market moves, I just take it one pump at a time and a major bounce is good because it creates opportunities to short into/keeps pumpers and spammers in business so they can do their thing and I can profit from it by trading the incredibly easy patterns they help create!
Here are some potential upcoming shorts:
MHY $3.5 to $6, all in the last hour of the trading day yesterday
APWR $5 to $7, on every single short sellers’ watchlist, could be in for some serious squeezing, pray with me brothers and sisters!
PFD $2 to $5 in one day…so far
GNW is a financial up $4 to $6…so far
MS owes a big congrats to al the people who bought in/helped support it in the single digits lows…not my kind of pattern, but nonetheless a big % win for some TIMalert subscribers
RRI is an energy play up $4 to $6, plenty of more room to run
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 19 | AENY | $2.80 | $3.02 | $1148 |
| Nov 18 | NLST | $4.16 | $4.40 | $947 |
| Nov 18 | IMGG | $1.42 | $1.64 | $2094 |
| Nov 17 | NLST | $5.04 | $5.59 | $2195 |
| Nov 13 | VRMLQ | $21.50 | $22.97 | $2901 |
| Nov 11 | EONC | $2.61 | $2.80 | $687 |
| Nov 10 | EONC | $2.74 | $3.36 | $9784 |
| 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: $98,094 (681%)
