The Good & Bad News About My Latest TIMalert…
Posted by Timothy Sykes on Thu 29th of Jan, 2009 03:25:30 PMWhen I shorted 3000 ARTC the other day at $6.10, aiming for an afternoon fade and morning panic–as detailed in my PennyStocking Part Deux DVD, not getting it and covering quickly the next morning at $6.56ish for a $1400 loss, it was a mixed bag:
The Good:
1. Most TIMalert subscribers couldn’t find shares to short and those who did, saw that it wasn’t fading like we wanted so they actually bought the breakout at $6.50 and profited nicely, congrats guys for learning to play these stocks better than me!
2. Some subscribers did short and lost alongside me, losing a few hundred dollars each…perfectly acceptable losses as the profit goal was higher.
3. Some refused to cut losses because they haven’t learned the lessons in my instructional trading DVDs and they got really hammered…welcome to PennyStocking bitches!
The Bad:
1. Subscribers were angry my short pick went higher…sorry guys, not gonna win every time, get used to it and learn to cut losses extra quick.
2. By trying to allow subscribers to get in at good prices, I jumped the gun, shorting a stock before it broke through support–$6–on its own…really gotta wait until the stock proves it’s a worthy short, no matter if some subscribers are unhappy they miss out…gotta remember DVD students can and do anticipate these patterns so subscribers who don’t have the DVDs are missing out and will continue missing out.
3. ARTC is surprisingly similar to CLHB, a stock I detail how I got killed on in my book An American Hedge Fund…gotta learn from past mistakes, at least I cut losses quickly and am still up in January, albeit pathetically, like $700 or so.
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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%)

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