10 Stock Watchlist Today, 2 Breakouts

Posted by Timothy Sykes on Tue 18th of Nov, 2008 12:53:07 PM
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The 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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  • LT
    interesting article re: shorting Apple: http://www.bullrally.com/2008/11/18/whats-ahead...

    from Bullrally.com via INO
  • oskar1995
    Tim, im curious by your comment that "ENZN" is crap. I've actually been involved with the audit of that pharmaceutical in the past and its audited by a large accounting firm. What makes you believe the company is crap? Im not challenging your claims, just trying to understand what its based on.
  • younggunz
    Most likely based off of its chart pattern.
  • correct YG, i dont give a shit about these companies real business....untilt he day comes where i can profit by betting directly on a companies technology/revenues/market penetration, i'll stick to stock price and let the liars/lawyers/auditors care about the other shit
  • oskar1995
    Fair enough Tim. I figured your post was based more on the chart pattern of the company than anything else. I didnt know if your claim was based on the company being a complete fraud or not.

    Keep up the awesome work.
  • younggunz
    yeah there are plenty of companies with awesome products or services but have stock charts that make for a sweet waterslide blueprint. Look at Krispy Kreme as one of the biggest blunders, Crocs is another one. Cold Stone, I don't know if it is a public company but they're sucking their franchise owners dry with over building and high cost of inventory from a single vendor.
  • Jason
    If you want to trade stock in the similar fashion that Sykes does, I recommend you look into Jonathan Lebed. He gives his information away for free and he averages over 300% a year. The main difference is, he's educated in micro and macroeconomics. So in other words, he knows what he's talking about. He doesn't just read a chart and base his decision on a picture LOL like Sykes does. He makes Sykes 180% up for the year look like baby shit.
  • YngvaiMalmsteve
    Jason,

    Lebed gives his info away for free because he's a paid stock promoter. And when you're a paid stock promoter with a large following, *of course* you're going to have big returns when all your followers jump in when you ask them to
  • James
    Yngvail, You're right. No denying that. But the fact still remains. His returns are higher and his information is free.
  • Muddy
    "Sorry for the late watchlist today"

    Folks check out darksidetrading most nights for way earlier watches.
    9 out of the 10 posted here were up at 8pm last night.
    I don't walk you through them cause I ain't getting paid but at least you can get a jump start if you know something about charts.....

    WATCHES 11/18
    ARTG PAET FUQI FONR GGC LVS ENZN GGP FCMC GTE TARG CGYV VISN RMTI BTIM SMCI PERY SPSN CHIP GNOLF

    It's not rocket science finding these,really
  • S.K.M
    Tim, does your Pennystocking DVD cover any shorting methods/techniques?
  • yes it does, but my shortstocking dvd is all short selling:

    http://www.shortstocking.com
  • LOLOLOLOL lebed isn't a trade,r he's a paid stock promoter, if he wants to pretend he makes anything from trading, he should join covestor, otherwise, he can just promote his appaearance on 60 minutes a decade ago
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