8 Overvalued Stocks…Just Kidding Over Or Undervalued Doesn’t Mean Much These Days, These Stocks Are…
Posted by Timothy Sykes on Wed 1st of Apr, 2009 12:55:17 PM
Tags:
…potential trades!
This was sent to TIMalert subscribers at 3AM EST today, don’t you wish you were received it then instead of 10 hours later? Sykeswoooooow!
A few interesting setups, but no true Supernovas today…it’s huuugely important not to try to force trade that aren’t there, these are the stocks I’m watching though:
NBY is the latest hot penny stock pharma play, doubling from $1.50 to $3 in the past few days on huuuuge volume—for the stock—of 150k daily volume…this is gonna be a great short, but we gotta wait for fading price action…the kind of charts detailed extensively in PennyStocking Part Deux DVD
VTNC surprised stubborn short sellers—those who don’t respect afternoon strength…and broke out…the volume and price action though aren’t enough to interest me in buying, next!
PXCE is the scammy spam stock that keeps breaking out every day but only on daily volume of 20,000 or so….potential short if I can find shares to short…definitely not worth the risk of buying and having this collapse 50% as it literally could do any day.
SPRD I shoulda woulda coulda shorted as it tanked just under 20% on the day, respect fading price action from the day before and especially that 3-day pattern of rising 150%+…even though this was a contract win so I did have a solid excuse for avoiding…guess it all comes down to how aggressive you wanna be
COOL is a video game penny stock surging higher, breaking out of its range in the $1.25 area…now at $1.50, is risen too quickly given its conservative nature…this is a potential short on any further spiking.
ARNA continued tanking yesterday…Mike Huckman of CNBC called my post “childish” on Twiter…maybe so, but I’ll never be naive/inexperienced/dangerous when I write about them because I actually have experience and have learned from several tough losses…Huckman, seriously, go report the weather, you and your CNBC cronies suck at reporting what’s really going on in the markets!
APAC I’m long overnight on 3000 shares at $3.35, which as TIMalert subscribers know I bought in the afternoon yesterday because after spiking in the morning, this thing hung onto $3.30 support, which was the previous day’s high…bounced off support 3 times, and finished up strongly even as the overall market was tanking…considering its propensity to gap up and/or spike in the morning, methinks it retests yesterday’s high of $3.55 and depending on how it acts around there, I’ll either sell just below for $600ish profits or faaar above as its got no resistance until $4.20 and a lot of shorts who got in after it surged from $2 to $3 are getting squeezed…respect the huuuge buying volume and the fact that just 2 days ago, weak longs were wiped out on a market maker orchestrated morning panic.
CDE has a horrible longterm chart, but its trying hard to bottom and breakout…was looking strong yesterday until the end of the day, potential buy, but it really has to prove it can go higher and stick before I waste my time and energy on such an actively traded real company.
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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%)
