9 Good Penny Stocks & How TIMalert Subscribers Made $11,000+ Yesterday…Where Are All The Other Stock Market Newsletter Daily Testimonials?
Posted by Timothy Sykes on Thu 14th of May, 2009 12:25:00 PM
Tags:
This was sent to TIMalert subscribers at midnight last night so they could be prepared for today’s trading session:
TIM trading account—brokers I use are the magnificent Thinkorswim & crappy (but good borrows for shorts) Interactive Brokers—now stands at $50,279 +$2,441 in May, long 2000 ETC at $2.05, now up 305% in the last 18 months aka PennyStocking is REAL and HOT, get your required reading materials HERE
Longer Term Account $51,291, up $1,291 in May (started with $50,000 on May 1), no positions
Great, great day yesterday, even though I missed out shorting great breakdowns in AXL and TEN…glad I caught ETC long, the DDRX-like setup was there…TIMalert subscribers and DVD students profited from all the various patterns, just like I’ve always dreamed of…over $11,000+ in subscriber gains yesterday alone
Tim, Thanks for ETC, in at $2.26 out $2.61 in about 5 minutes. Nice little profit. If I can catch a few more of those I am getting your PennyStocking DVD set!
-Jason
PS TIM just got all 5 instructional DVD’s yesterday, started right in and am impressed so far :)
-Tom
Made $200 on the ETC trade today in about 10 minutes, paid for the DVD!
-Greg
made 1100 on TEN today, 1300 on bcrx last week. getting better.
-BGW
In 2.30 out 2.65 for a nice $280 profit in about 10 minutes
-N.R.
in 2.14 out 2.75 cool +300 profit ………thanks TIMMMMMMMMMM
-TraderJoe
already $400 profit on ETC. Not sure if I should sell it:)
-Bill
had an order in to short sell 2k DWRI @ 2.78. Four seconds after opening, the order got filled. Four minutes later I covered @ 2.09 for a nice profit of $1360
-N.
Shorted FITB @ 7.54 covered @ 7.00 sweet + $2000
-TraderJoe
out TEN at 5.04, another 295 profit! THANKS TIMMY!
-Carol
Nice morning panic on IPSU +$800ish short on the $9 breakdown yesterday.
-Tim B.
Shorted 500 ten last night at 6.10 out at 5.76
$170 profit
-Raju
out of Ten at 5.67 + 160
-Carol
I think i lost 30 or 40. it was not much at all but still stupid. I am still learning folks. still up $1.8k since joining TIMalerts.
-Adam
shorted 300 TEN, IN 5.710 OUT 5.4995, 60$ profit
-Axses
out COT +630 on the quick after lunch dump.
-T.B.
ETC I bought 2,000 shares around $2, my average price was $2.05, because as I said in the alert:
Might seem wreckless to buy a stock thats basically up 100% from $1 today, but the earnings announced this morning were great, nicely and surprisingly profitable and the initial morning spike followed by slight consolidation and a resumed gradual afternoon uptrend lead me to believe this one could act like DDRX, which similarly surged 100% on the first day of surprisingly good earnings–to $4–and then to $12 within the next few days…you gotta love the upside potential in these nanocap companies (even with this 100% spike, its still just a $17 million company…one that just reported profits and got some nice funding from a board member)…we’ll see if i’m right, gonan cut losses if volume fades and sellers come in, otherwise, my goal is to sell between $2.50-$3 in the next few days (play it conservatively as always)
Turned out to be a great call as the stock did surge to my $2.50-$3 target, but I truly believe this could be the next DDRX, read their earnings PR, and see the tremendous strides this tiny company is making…my goal is to sell within a few days, ideally in the high $3s, but I also have patience problems and the longterm chart isn’t great, so if the volume doesn’t keep up, I will get out…good news is a major spike/short squeeze is possible this morning, could be good price action to sell into…gotta see based on the price action, right now I’m liking my $1,500ish unrealized gain.
DWRI spiked at the market open from $1.75 to $2.75, it only lasted a few minutes, but some TIMalert subscribers, namely Nico, got short into that morning spike and profited huuuge when it tanked back to the mid $1s all day…it’s risky to short into a supreme morning spike like that, but sometimes, just sometimes, we see big wins like this…now that it’s dropped so much, it’s still a bit of a short, but there’s not much downside left.
TEN and AXL I messed up on both HUUUUUGE…TEN I got unlucky being short during the GS upgrade/squeeze, but that shouldn’t have stopped me the next day when it tanked, rendering Goldman’s words irrelevant…or even yesterday…stock is now down $2+ from where I covered, $1+ form where I shoulda woulda coulda re-entered my short, glad some of you guys have bigger balls than this castrated choir boy trader (TIMfundamentals DVD students get the reference, the rest of you just think I’m weird)…AXL I just never played and for that I should be castrated (if I wasn’t already)…both nice, if not perfect chart patterns to short, now the bulk of their predictable drops have occurred, still potential shorts, TEN especially, but not mind-blowing shorts after these big 40%+ drops in 2 days…man, I’m pissed I missed these, congrats to the many of you who did based on my morning watchlists and DVD lessons!
COIN spiked from the get go up to $2.60ish, then retreated in a very choppy manner to $2.20ish…no way would I play this stock, waaaay too choppy/manipulated for me, I like clean charts like AXL (and I didn’t even have the guts to play that, saaaad!) No play here for me.
COOP is another distressed bank company, up from 50 cents to $2ish in just the past few days, surging all the way to $3 yesterday in the morning (morning spike as outlined in my PennyStocking Part Deux DVD!) and then fading back to $2ish by the end of the day, but still up on the day, so I didn’t short it…there’s some technical space between $2 and $1.50, but unless this niche really rolls over, it might be tough to collect that without being squeezed, potential short on any proper fading price action.
FITB and HBAN I bitched out on because they’re distressed finance plays…well maybe so, but they each dropped 15% yesterday pretty predictably–once they broke below multi-day support, FITB at $8ish, HBAN at $5ish..kinda choppy breakdowns, but these stocks are waaaaay more actively traded than what I prefer, so choppiness is to be expected…probable further downside in both considering its just their first down day, congrats goes out to the TIMalert subscribers who nailed these, I’m by no means a perfect trader—as you should all realize by now—so what doesn’t work for me could very well work for you…and vice versa (although it’s pretty hard to imagine the patterns on the stocks I actually trade, in which I’m right about 70-80% of the time, not working ☺
VNDA continued its rise, all the way to the $12-13 area, it’s awesome that it keep surging, as I said the other day, it’s a potential buy with its strong chart pattern, especially past $10, and obviously for the brave and bold…some TIMalert subscribers are actually in this, but 2 of them specifically instant messaged me about not wanting to jinx it by telling me any $ gain.
Quick question: would you any of you guys be interested in a service where you could instant message me whenever I was online? Just an idea as it would only work for a few people, but let’s see what you think, thanks!
TIMstore Monthly DVD Specials:
See all TIM DVD specials HERE
Related Reading
-
Walter Patoniak
-
Osti
-
John R. Dortmunder
-
Osti
-
Moshe Pupick
-
Timothy Sykes
-
Dave
-
mcast
-
Keith
-
Randy
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%)
