Only Three Stocks To Watch Today, Don’t Force Opportunities That Aren’t There
Posted by Timothy Sykes on Tue 20th of Jan, 2009 12:45:13 PM
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I’m in Egypt on my whirlwind vacation now, but this was sent to TIMalert subscribers at 2am EST so they could be prepared for the trading day and reserve hard-to-borrow shares to short ahead of time:
In this kind of a market there aren’t many hype/manipulation plays, so
cherish the ones that exist and even though I’m a short seller, I pray for a
bull market, more opportunities! For now, I’m not gonna bore you with a ton
of unnecessary plays, there are only 3 plays worth watching:
PALM just keeps going, never underestimate the hype from a new
products…remember I said it’s more of buy than a short sell, well, that’s
because I understand crappy company hype…it’ll be a short eventually—no
matter if the product is as good as they say—just like AAPL dropped
60%…doubt it’ll go that far though! Still looking like a RMBS-type chart,
running into heavy resistance in the $8-9-10 range though…try to reserve
shares to short every day from now on.
HSNI spiked, dropped and is now trying to rebound a bit…Pennystocking DVD
students Adam N. & Steven banked off this play, nailing the short, but now
odds favor a bit more of a rebound before retesting lows…potential short in
my book, but it’s gotta get more volatile to get me interested.
NCEN is an oldie but a goodie alternative energy pump and dump, its doubled
off its $1ish lows, my guess is it’ll soon be a good short, not great, but
it should dip like DSTI—50 to 75 cents/share, gotta try to reserve shares to
short each and every day
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Timothy Sykes
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%)
