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You Gotta Check Out This Penny Stock’s Perfect Technical Breakout

Posted by Timothy Sykes on Mon 13th of Apr, 2009 06:22:46 PM
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…so all you other momo penny stock forums like TheLion.com…

Feast your eyes on this breakout:

feed You Gotta Check Out This Penny Stocks Perfect Technical Breakout

TIMalert subscribers are already in, as I sent out this alert around mid-day today:

Bought 4000 FEED at $3.13…its an intraday breakout and a multi-week breakout on the back of strong earnings…agriculture stocks are hot right now…1st day runup, last time it had 3 big up days in a row…I’ll be happy to get out just under $3.75 slight resistance, but it might even go to $4….very strong chart pattern, but careful since its already up nicely today (i was hoping it wouldnt breakout until later this afternoon to protect against possible afternoon fading, but this one doesn’t have patience!) Ps my girlfriend is in at $3.14 also

…so we’re all up a bit, especially at $3.25 afterhours prices, but if the pattern plays out the way this pattern usually does, we’re in for a nice little rocket tomorrow and/or the next day.

And if you’re a naive short seller, I beg you to enter and get squeeeezed, some mistaken people think this is a pattern I’d short, there’re dumb-as-Vick-wrong. This is a great breakout and as I preach in my PennyStocking instructional DVDs, I buy breakouts!

Now that the day has ended, what is my new target price (yup, it’s different!)? Well, as always, TIMalert subscribers will know first.

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  • david
    wish i knew about this, this morning.
  • Nice find Tim and great buy point too! I might even try to get into this tomorrow if it opens at 3.30 or above.
  • nice blue line
  • alex
    Actually Timmay, shorting in a setup like this can have great results. The best probabilty is definitely for the long play, but the r/r ratio is better for a short. If the pattern fails...it's likely very catastrophic cuz the massive herd of longs get trapped, exiting at the same time and you get a nice forced sell-off, stop-losses going live. etc., possibly multi-day all the way down to fill the gap above $1.
  • alex
    Definitely a perfect breakout of a coiled spring, though. Classic technical analysis screams a buy here...and therein lies the danger.
  • Alex great results as in -10% ?
  • marc
    let me summarize alex's posts:

    Buying could be good, or selling could be good. Yay!
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Start Here

Who Is Timothy Sykes And Why Should I Care?

See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.

Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $58,000+ even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes. Currently he is the #1 ranked trader out of 25,000+ on Covestor)

How Can I Consistently Make Money In The Stock Market?

Hard work, Determination and Know How.

Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

Determination to seek those probable profits out and know how in order to actually profit from them.

Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

Why Penny Stocks?

As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 2000+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.

Where Do You Find Stocks To Trade?

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Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!

TIM Trades

View All
Date Stock Buy Sell Net
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: $90,368 (628%)