Guess How Much This PennyStocking DVD Student Has Made With My Strategy?
Posted by Timothy Sykes on Wed 25th of Mar, 2009 03:05:45 PM
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Check out this happy PennyStocking DVD student’s comment from the other day:
Regarding GGP, FREE, TNK, I made about $5,400 this week in the long direction but when I sold 69,000 shares of GGP on Friday I missed some opportunities since I sold at prices of 46, 47, 48, 49, 50, 53 cents per share instead of 70 cents per share! When I tried to sell some shares of GGP in the AM, I was taken off guard when the account detail window in my trading software made it look like I had some left over open orders from the previous day after hours session but I knew I didn’t. Besides, all unexecuted day orders are closed at the end of a trading session.
So I used on-line help and was told to restart my trading software but I had already done that without any change so the help desk said to call technical support and that guy said he would call another department so my guess is that someone borrowed some of my shares to Short, and that if I understood that I could have likely pushed harder to sell by clicking some odd answer in the pop-up warning that made it look like I didn’t have all those shares. I lost half-an-hour when prices in the AM jumped up so when prices were falling I started selling about 5,000 shares at a time.
Then prices started going up again, into a double top that later transition to look like the beginning of a supernova. It took me most of the day to unload 69,000 shares at profitable prices but in the end, I had to leave to my trading station/computer to pick-up a relative from work so I chose to sell my last 10,000 shares at 53 cents per share guessing prices would rise high enough for those to sell but when I got back and looked at after hour trading I realized that prices hit 64 cents for day close and 70 cents for after hours, so I missed out on winning an extra $13,000.
I suspected this could happen since volume from 8AM to 3:30 PM was only 2/3 of average volume (6 million/day), and in the last half-hour from 3:30 to 4PM plus an additional 4 million shares traded. Maybe I should have held until the end of the day or even next week when GGP’s bonds come due that they can’t pay! Oh well, I couldn’t predict the future and since GGP is distressed, I didn’t want to risk my capital since I need it! I’ll go back and watch the PennyStocking DVDs again, and re-read whatever I high-lighted in An American Hedge Fund! However, I did close my positions to capture profits (not losses), so I’m learning even though I’m new Timothy’s style of trading!
Timothy, is there a Wallstreet Warrior II series? I like that you kicked over the fan in WWI! Oh, one more question, is HUN a short candidate for Monday? Thanks! - Don
All I can say is that Penny Stocks rock, most people are idiots down here in the gutter & anybody armed with the intelligence from my PennyStocking DVDs willing to take big positions in liquid volatile stocks can make tens of thousands of dollars eassssy.
Dear other trading gurus, why do you not have daily testimonials from students like me? Why do you not blog every day like me? Why do you not show your trading results every day like me? You are either a coward or a fraud, either way you’re obsolete in this new world. Adapt or perish.
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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%)
