Ocean’s Thirteen: An Ocean Full Of Trading Profit Opportunity, That Is…
Posted by Timothy Sykes on Wed 11th of Mar, 2009 12:30:34 PM
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This was sent to TIMalert subscribers at 1:30AM today:
I keep telling people—even though I’m primarily a short seller, I want a bull market…because I short sell into strength and when we go straight down every day, there aren’t many potential plays for me!
Now that the overall market’s risen 6% in a day, I have a ton of potential plays, both long and short:
RGR is the one I’m currently short, 1300 shares at $10.25 as I posted on my blog last night, this has all the signs of a bigtime price breakdown, namely that it couldn’t even go higher when the overall market surged! I’ll probly cover today, ideally into a morning panic below $9.75
SWHC was an even better short than RGR, I choose the wrong one as this dropped 10%+ instead of my measly 3% gain…lesson learned, gotta short both if I want to be aggressive…oh wait, Short Selling into a big up day is not the time to be aggressive…I’m happy with my trades and even happier that several TIMalert subscribers banked shorting SWHC as I did post on the TIMalerts.com website it might be a good shadow play.
ASGN has nearly doubled off its $1.25 lows in just 2 days…first big up day after it fell off a cliff at $4, so there’s no resistance until $4, so I’m gonna let this one surge some more before truly considering it a potential short…careful shorting anything in this potentially bull market
ALD is just another $1ish stock up 60% on the day, but the important part is that the runup really didn’t occur until 3pm yesterday…massive short covering, definitely a potential short, especially if we can get a quick morning spike to short into.
HW had it first big up day yesterday, up 42%, no resistance anywhere in sight, potential short in a little while, not yet.
FAS I seriously considered buying this into the market close yesterday around $3.70, just not great risk/reward after its up 38% on the day.
GOE dropped $47/share, or 41%, too bad nobody had any shares to short…memorize the pattern, next!
MGM was thought to be going bankrupt a few days ago, now its nearly doubled off its $1.80 lows…potential short.
GNBT surged from 10 cents to 30 cents on successful Phase 3 trials, woo hoo, potential short, this company has always stunk, it always will.
PEGA broke out on strong earnings, but the report wasn’t very strong at all, got ahead of itself due to it being a breakout with the overall market strength…no play here, neither long or short.
TEN is a 2-day double from 70 cents/share to $1.40, no resistance until $2, potential short up there.
HTCH had its first up day from $1.50 to $2ish, no resistance until $2.5, potential short if I can get some shares up there
STEM dropped another 20% within the first hour of the trading day, again, I was scared to short due to overall market strength…guess it wasn’t meant to be, but I am nothing if I don’t follow my rules.
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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%)
