How I Made $3,500 Short Selling CPI Corp. (CPY) Even While Screwing It Up A Bit
Posted by Timothy Sykes on Fri 19th of Dec, 2008 07:43:44 AM
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Sorry, this was a few days ago, but as TIMalert subscribers know, there have been several plays each and every day…
…and to make matters worse, I was in and out of CPY like five times–simply trying to find shares to short of this hard-to-borrow name, shorting when it broke through technical support, shorting aggressively into a big morning spike, covering into the market close to reduce the risk of being short the next day when a morning spiked seemd likely, missing out on a 20% drop…blah blah blah, all the usual patterns/successes/themes/failures that are detailed in my pretty-much-the-best-thing-I’ll-ever-produce (people who’ve seen it, am I right or am I right…or am I right? I could be wrong, leave some comments below!) 6-hour PennyStocking Part Deux DVD–so I’m not gonna bore you by reposting literally a dozen alerts.
(If you do want to see the alerts, signup for TIMalerts so you can get access to the subscribers-only website)
For now, look on the right hand side of the page for all my entries and exits, understand that my total profits added up over $3,500, most importantly, that all my trades were too early as I totally missed its 20%+ one day drop the other day and yesterday’s 24% drop, see the chart below and some TIMalert subscriber testimonials:
Just made $390 shorting 1400 shares CPY from 4.33 thanks Tim!
-GMan
Im out CPY $826. Sold short @ 6:36am covered all by 6:55am $43 a minute I think I’ll go get a job
-alan
Shorted this one at 4.70 exited at 4.14 on 1000 shares. Made a quick $580.
-babyfacedtrader
Out CPY for $264. I do not like trading this–so bouncy, and I need to leave in a half-hour.
-Reaper
covered CPY at 4.79 for $237.5 net
-Cswiger
Made $36 on CPY and CPD yesterday and today.
-Reaper
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| 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%)
