10 Stock Watchlist Today, 2 Breakouts
Posted by Timothy Sykes on Tue 18th of Nov, 2008 12:53:07 PMThe following was sent to TIMalert subscribers early AM, made a cool $600+ on PERY…got testimonials galore too!
Sorry for the late watchlist today, was up all night ShortStocking & PennyStocking Part Deux to make sure they’re perfect before we begin selling em, (only 1 more day until prices go back to normal prices so check em out now and save 10%!)
Market going down each day now, dip buyers seemingly giving up, see my updated take on market capitulation HERE.
A couple stocks in play:
PERY is the one I shorted 2,000 shares of yesterday at $5….now 25 cents/share lower, the perfect crack in the sideways price action at $5 is looking meaningful…probable down opening today means we could get a nice selloff like yesterday, my goal is to cover in the low $4s, question is whether or not it’ll be able to take out yesterday’s lows to keep me in it longer.
ARTG is up from $1 to $1.75 and has a horrible chart, but its got intraday support all over the place…I’d like it to go much higher before I short.
BTIM is actually a true breakout…weird I know, it’s been so long…of course it’s choppy and the volume stinks so I’ll keep watching, ideally hoping for a small retracement then a breakout off that retracement…I’d be looking to buy that kind of a breakout only.
CHIP surged from 4 cents t 90 cents on “partnership with Microsoft”..bogus hype…no quote in the PR from Microsoft means they don’t care or CHIP is actually paying them…crappy companies never give up, I’ll look to short into further strength, ideally at resistance in the $1.40 area
ENZN is total crap and has tried to rebound off its $3 lows…so far up to $4…booooring, I need a big squeeze to increase my Short Selling odds
FONR isn’t going down like many early shorts hoped, methinks there’s a possibility for a bigtime squeeze…of course the fading buying volume could mean it is just gonna go splat sooner rather than later…I can’t find shares to short so it don’t matter either way.
GTE had its first up day, from $2 to $3…I want more before I begin shorting.
NAEN, the manipulation higher continues, but only by 10 cents/share, not worth my time…yet.
TARG broke out on some weak FDA news…I need more strength before I look to short.
VISN is trying to bottom, up to the mid $6s from the mid $4s, bless its little soul, all due to China rebounding, I’ll wait.
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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%)

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