8 Of The Best Looking Short Picks I See In Today’s Market
Posted by Timothy Sykes on Tue 16th of Dec, 2008 01:35:59 PM
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Sent to TIMalert subscribers late late late late late last night or early early early early early this morning, dpeending on how you look at it…the key is they were prepared before the market opened, while those of you reading this mid-day were not (guess what you can do about it?):
Made a cool $600 yesterday, bringing me up $5,000+, or 13% for December
(after gaining 17% in November, and 14% in both September and October,
something like 260% on the year—yes I’m on fire, especially considering not
one of the 10,000+ mutual funds is positive on the year! (according to Dr.
Elder’s newsletter)…pathetic)…can’t stop, won’t stop….a few more potential
plays popping up every day now:
RVI is Filene’s Basement and its got new management, not really looking to
short immediately, solid changes, dip buyers on retail everywhere—see
PERY/WSM—no thanks
COIN is one I’m tempted to short for the longterm just because I know what a
carcass of a company they are, what kind of PR mastermind Jim Blackman is
and why their stock up off its lows is only because the idiots over at CNBC
who feature them don’t know how to do due diligence…alas, no competent stock
promoter has gotten this one up enough to merit anything other than a
typical failing company rant.
CPY was the one short on which I made $3,500 last week and yet I didn’t
stick around for yesterday’s 20% drop…pathetic, I need to grow a pair, I
wish oh how I wish I coulda found shares to short after it gradually took
out support at $3.70…even now at $3.40, methinks its got $3 or even $2.50 or
even $2 written all over it…of course the main panic will probly be over by
this morning and then we’ve got earnings on Thursday so my play on this is
probly done, sad, very sad, waaaaaaaaay more $ to be made on these things
than anyone realizes.
CPD is the CPY-wannabe I’m short 3000 shares of because—while it’s not up as
much—it’s easy to borrow, as I wrote in yesterday’s TIMalert: once it
dropped below support at $5.50, there’s no support til $4.50 and it faded
ever so nicely in the afternoon just like I like. It was particularly
confidence-building to see it try and fail to get above the key $5.20 level
that was morning support…I’d love to cover into a morning panic today, my
goal is still $4.50-$4.60 lthough I’ll also cut losses quickly if need be.
PNTR is an oldie but a goodie in terms of stock manipulation, first up day,
any crooks up to something here? Please say yes!
TKTM is the big Ticketmaster that isn’t really PennyStocking, I just
think any company once owned by the incredibly incompetent Barry Diller—in
terms of shareholder value—is worth considering for Short Selling…this one
is up off its lows, not enough yet to really tempt me, I’m just watching,
common sense says bankrupt/poor people can’t go see as many concerts.
MRNA jumped 167% on solid FDA approval news…some weird drug, doesn’t matter,
not hype, not shortable…yet
GIGM is gradually creeping off its lows, watching for a potential short.
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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%)
PNTR??? Tim, there is absolutely no volume on this thing. Unless you are talking about that random spikes of 100,000 shares before the close yesterday. Is that why you consider this stock manipulation?
CPY is up at 4.17 right now… so what’s up with that?
its called a short squeeze
You talked this morning about shorting CPD then you end up cashing long?
never cashed long, thats my short sell and buy to cover, signup for real-time alerts if u wanna follow along:
http://www.timalerts.com
so di you loose money on CPY? did you cover your losses?
sbiddo, look at the trades on right hand side, what do u think?
sorry, did not notice that!
Sorry if you have answered this. I just signed up for TimAlerts and am wondering: Do you generally go “all in” or mostly all in on your trades? I have about the same amount in as you.
new post:
http://timothysykes.com/2008/1.....ts…/
felix, watch my dvds before trading, u’ll see i never go all in anymore:
http://www.timothysykes.com/store
Hey Tim,
How much are TimAlerts inflating your returns In the sense that you announce your trade and then many others pile in. Is there a way to even remotely quantify it? It seems like what’s happening is kind of like front running, but not in any way in an illegal sense but it definitely mirrors it if the group who follows TimAlerts is large enough to move the stock price. I assume it is due to the liquidity and size of some stocks you are shorting. Just interested in your comment on my observation, thanks
Tim, your spot on this. Although I just sold my shares in TKTM and IACI. Both have been dogs, and your right, Diller provided the WORST returns for shareholders and should be fired. Although Interactive Corp shot up from 7 or so to 31 I believe, I got it on a naked put. Not much in it but happy I just cashed in my shares.
Sitting on Visa right now and just at or around my cost basis of where I bought it a year ago.
B, it might be true that tim’s subscribers might influence the prices at times, but Tim always cover at least a few hours later so as not to trade against his subscribers. Also, many stocks continue to tank after he and some of his subscribers have covered. Some subscribers held and banked even more.
Of course, there is a flip side. If you don’t anticipate his trades or are not nimble enough, you might get squeezed when he covers. Of course, sometimes the stock might continue higher and he would tell you that you should have cut your loss, which is true, and a lesson you have to earn the hard way.
definitely was not implying that his subscribers wouldn’t make money off of Tim’s trades, or that Tim takes advantage by covering right away. Just saying that Tim probably makes significantly more on his trades as a result of the TimAlert service than without. Or maybe im misinformed about its scope?
Well, there is no sure way to tell, is there? If you really want to know, you can go back and analyze all his trade records, and see if there was any difference before and after he started the timalert service.
Tim mentioned in livestock that only about 100 out of 800 of his subscribers actually read the email alerts he sends out.
Also, not all the shares are easily available. Sometimes TOS doesn’t have, sometimes IB doesn’t have, and some subscribers just use other brokers that don’t support shorting easily. So subscribers are not always able to tank the stock further.