Sometimes The Penny Stock Market Is Boring: 6 Stocks Putting Me To Sleep
Posted by Timothy Sykes on Wed 3rd of Dec, 2008 12:22:05 PM
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Sent out to TIMalert subscribers late last night:
The market tried to go lower yesterday, but the dip buyers were out in full force…really wish they’d just let this thing go, below 7500 on the Dow and we could see 5000 or 6000, that’ll be capitulation…not this crap. After weeks and weeks, of steady opportunities, there’s not one single great setup today…that’s fine.
Don’t force opportunities when they aren’t there. That’s the secret to successful PennyStocking. Take a day off and do something with your kids/friends/mates…seriously, you don’t get many days off in this business, cherish it.
Here’s what I’m watching:
CLWRD was a nice double from $4 and I thought about shorting it, but it broke above prior resistance and the overall market being the way it is, no thanks…dropped 25% proving me wrong for my worrying ways, no guilt here, dropped too quick for an alert anyway.
PRFT is a first day winner from $3 to $4, I’ll be watching for further strength to short into.
RMBS finally went red on the day, faded perfectly, broke the morning bottom, but I wasn’t tempted in the least because it’s not a true pump and dump and its chart is choppy. No thanks, too many shorts circulating, makes me think there’s one last short squeeze
CRMT is up but its on earnings, makes it irrelevant to me
SAH just keeps going higher, making me happy I got out…really gotta learnt o exit if a stock can’t take out support…because now you see what a short squeeze for those stubborn shorts looks like.
SRI is an even better example of what happens when a breakdown attempt fails, tried taking out $3.50, bounced higher…mini-short squeeze.
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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%)
