6 Penny Stocks Good For Buying & Short Selling
Posted by Timothy Sykes on Tue 3rd of Feb, 2009 12:40:55 PM
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This was sent to TIMalert subscribers early early this morning:
Sooo many plays, took a $1,000+ loss on half my position on SKYT due to my
over-aggressive shorting…now 3 scratch trades in a row, uh oh, gotta become
more conservative….gotta learn to be more patient…here’s what I’m watching:
CRRP was up 190% on the day, but it’s a merger play, aka not PennyStocking,
aka stop emailing me with your juvenile questions when I’ve already created
an entire 6-hour DVD on the basics of my strategy which you can buy right
HERE
SKYT is the one I took an $1100 loss on half my position, still short 2000
shares at $3…thought it would simply collapse due to the volume fade, but I
woulda shoulda coulda waited until shorting in the late afternoon…simply
underestimated how fast it can move on little volume and I will never risk
outright disaster…still think my 2000 shares short will yield a profit,
first down day in the pattern, usually a great sign for further weakness.
Already reserved 2000 more shares to potentially short today with
Thinkorswim….if you can’t find shares to short, get a new broker!
HRZ closed right at the key $4 resistance, making me feel better about
buying the other day…this thing is still an earnings turnaround, if it can
break $4 and take out resistance at $4.2, I still think it can really surge
to the $5s or even $6s pretty soon…be careful of fakeouts, but methinks the
chart will resemble another undervalued good company earnings breakout VPRT,
potential buy
MIPS has the same kind of earnings breakout as HRZ…no resistance until the
mid $2s, potential buy.
NURO has huuuugely fading volume and just a small crack in price…wish I
could find shares to short, but I cannot.
PSTI faded niiicely, 15% one day drop, now that’s what I thought SKYT would
do! That’s why you can never be sure of anything in trading, especially with
low priced stocks.
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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%)
