Please STFU About Research In Motion (RIMM) & Google Inc. (GOOG)
Posted by Timothy Sykes on Tue 28th of Oct, 2008 07:08:54 AM
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It’s almost as if the more $ people lose, the dumber they become.
In the two weeks, I’ve received more emails from morons who a.) don’t understand that my specialty/sole reason for my 150% return over the last 12 months is PennyStocking b.) mistakenly believe that a company that makes/has a quality product is a good “long-term investment” (tell that to KKD, GRMN, JBLU, CROX, TASR, JSDA, SNE, DELL, SBUX and c.) don’t understand that basic technical analysis tells us these stocks are bigtime broken!!
Now don’t get me wrong, in any major market comeback, these stocks can and will bounce, GOOG to the low $400s (at most) and RIMM to the mid $50s–both approximately 20-25% higher–(based on simple support/resistance lines) so there is potential upside there (downside is more making risk/reward crappy)…
But what really gets me is how committed these buyers are to the companies as “investments”, so even if they do get a 20% quick runup, it’s highly probable they won’t sell, they’ll always want more.
Forget about PennyStocking for a second, that’s not the way I believe you should look at stocks during these volatile times–as just about every large financial company and financially-related company has proven, these are not your typical bull market times–in dangerous/unpredictable times like these, you need to take your profits where you can and stay liquid.
Don’t even get me started on value investing and how “these are the best prices we’ve seen in 20 years”–all those sissies are wetting their beds and crying themselves to sleep with their 40%+ profits, whispering “these companies are just getting to be better values, they will come back” in a similar vein to Jim Carrey in a bad Batman movie ranting “I am Batman!” as their houses get repossessed and their wives and girlfriends leave them for getting-richer-by-the-day short sellers and those who create instructional DVDs on how to short sell!
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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%)
