Another 5% TIMalerts Winner Inside Of Two Hours & Why PennyStocking Part Deux Will Soon Be $397
Posted by Timothy Sykes on Tue 11th of Nov, 2008 03:41:43 PM
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If you guessed I shorted 3,000 shares of IIJI right near the market open at $2.95, you’d have been correct…not that hard for anyone who’s seen my PennyStocking DVD, the chart was begging to be shorted:
Initial TIMalert:
shorted 3000 IIJI at 2.95, just as i said i might in my pre-market watchlist post…yes, you should be reading those you lazy people (i can see only 1/3 of you open those!)…this sucker is up from $1.8 even though they just warned in late october in THIS scary PR that showed how a 4% drop in revenue lead to a 49% drop in net income…yeah, they’re probly gonna start reporting losses if revenue drops another 4%…pathetic, disgusting, typical IIJI…recall in my book, their stock tripled form $4ish to $12ish a few years ago on hopes they’d IPO in Japan, they couldn’t even pull off an IPO due to lack of demand….they’re a national joke over there
not a great entry price, but it could/should fill the gap to 2.70…i’ll try to hold for 1-3 days and try to cover in the mid $2s, take losses quickly if it starts surging unexpectedly into the mid $3s.
2nd TIMalert, 2 hours later:
covered 3000 IIJI st 2.79ish…another trade where i don’t have time to watch so i take my $450ish profits, just like CVI, just like MECA, both of which dropped another 30%+ from my exit…hmmmmm, but i’m wrapping up filming the next few days on ShortStocking & PennyStocking Part 2 so that takes priority over trying to earn another $500ish if IIJI drops to my initial target of the mid $2s…snd I especially don’t like this big 9,000 share buy order at $2.77, that’s gonna be a pain to take out…and IIJI is reporting earnings tomorrow night (thanks to the TIMalert subscribers who found that, I missed it–told ya I’m not that smart)…and of course there’s market risk as the real reason I made $ on IIJI was the market tanked 300 points, nearly every little speculative stock up over the past few days is down 10-15%
PS PennyStocking part 2 is coming along so nicely, and its a bit longer than the original DVD’s 220 pages, coming in around 250, that its price is gonna be raised to $397…its my sistine chapel, wait til you see some samples slides…so if you want the $270 pre-order price, you gotta act quick, think by next Tuesday, November 18th
Probable more downside as its early in the breakdown pattern, but as I said in the alerts, I just really don’t have time to watch…gotta create more DVDs!
I made me $450ish on this piece of crap company, bringing me up to $34,399, up 177% in the last year, haters got nothinggggggg…especially once they see testimonials from TIMalert subscribers like:
Shorted 1,100 @ 2.93, covered @ 2.81
-etyrell
Made $100, too many bids underneath, EPS tomorrow
-BTB
Shorted 400 shares at 2.89. Covered 400 shares at 2.79 for a lazy $40.
-YG
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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%)
Made another $420 today shorting & buying COIN. Hi Haters (reaper) Thanks!
update on GERN… im still short o/n and unrealized gains of $700+ so far! thanks tim!
Yo Tim…can u check my subscription…i haven’t been able to log in to the timalerts.com site since last Friday…
Congrats on yet another great pick. Please do not up the price of your DVD products. Times are hard, and your might enjoy more sales volume with a lower retail price, for an overall greater profit. But I am sure you already know the supply-and-demand economics bs and the rate of marginal return ship.
Hey tim, you gonna put up the October Blog income results soon?
new post:
http://timothysykes.com/2008/1.....mber-19th/
and yes justin, when i have some free time, it was around 50k again
Congrats on making lots of money off your blog, subscribers and teaching material!
You have results to back up your teachings, which is your main differentiator imo. Not just some random academic guy writing theoritical books but has no trading track record.
If you can’t, teach. Tim CAN, and teaches!