12 Hot Penny Stock Picks Perfect For Short Selling–Yes You Can Short Stocks Under $5!
Posted by Timothy Sykes on Tue 17th of Mar, 2009 12:40:25 PM
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The following was sent to TIMalert subscribers at 3am EST, right as its writer passed out hardcore!
Another day with a whole bevy of potential plays, too many to even keep track of…I made $300 yesterday shorting EK, but check out all the other ones I’m watching for today:
EK I took home short 3000 shares at $3.34, perfect breakdown as I detailed in THIS post last night, already a bunch of TIMalert subscriber testimonials:
+660.00 unrealized on EK.
-tbohen
$210 profit .. followed your alert.. thanks
-kelvin
Out EK … +$206
-Reaper
Covered EK @ 3.27… +$120
-E.
covered EK at 3.27. made $60.
-dreagan
DNDN I almost shorted into the market close when it broke below perrrrfect sideways price action just under $4, only thing that stopped me was that the break was too late in the day—I prefer 1-2-3pm afternoon fades, not quick cracks (as they’re more susceptible to bounces), but my girlfriend did short (she’s an aggressive trader!)…there’s support at $3.75, after that, nothing, careful though as it is an earnings play (as opposed to EK which is up based on pity alone…seriously)
ID finished up 10 cents/share yesterday, but retreated mid-day right off resistance in the mid-$5s…PennyStocking Combo DVD Package Student T. Bohen nailed it for a quick $544 (enough to pay for all his DVDs in 1 trade!) This is still a potential short as there’s no real support until $4.50
PANL was a recent earnings play surging from $5 to $7, everything looked strong until the afternoon yesterday, finished down on the day, but it bounced off now triple-support (bounced 3 times in the past 2 days) at $6.75…that’s where it’s a potential short for me, although not too much downside potential unfortunately
C I will say for the 47384838 is not a stock I’d ever trade, while it is a Penny Stocks, it doesn’t move based on hype & manipulation…please stop emailing me about it, thank you!
RGR broke $10 to the downside, but this stock moves like a real company, oh wait, it is a real company, zzzzzzzz, no play for me, I only traded it before because the pattern was a gimme, now it’s just messy.
FEED reported huuuge earnings for a $1 stock so it surged 60%+ to $1.75ish, but its off its highs….let’s let the momentum back in, potential buy if it breaks yesterday high of $1.90ish, but it’s gotta do it with conviction and volume or else it’ll probly just be a fakeout.
PRSC has claimbed a perfect chart staircase from $2.5 to $5 in 3 days, but it’s due to financing and decent earnings, possible short if any of these intraday sideways price actions should ever collapse, but not likely given the catalysts.
BOFL has a perfect longterm downtrend and has spiked from $2 to $4 on verrrry light volume, ridiculously perfect potential short.
GRNB is a bank stock that after nearly doubling from $5 to $10 in a few days, has now sunk $2/share…look at this volatility and love it! No play now though for me, these companies might get better financing with the overall market’s rise.
PKOH has doubled from $1.75 to $3.50, but not due to earnings, those sucked (the stock dropped 30% the day after)…this is up on speculation alone, too bad volume is only 70k, this is a great potential short back to $3 easyyyyy.
COIN jumped 40%+ at first on news they delivered their crappy product (crappy because its fertilizer & of course the company smells worse than its “product”), by the end of the day, the surge failed as bitter shareholders used this spike as an opportunity to flea this carcass of a stock…potential buy though if their PR team can craft some more magic, now it’s only a $10 million company so anything more than admitting outright failure and the thing can jump.
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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%)
