Another Great Day For TIMalert Subscribers: We Earned $5,500+ On This Stock!
Posted by Timothy Sykes on Tue 26th of May, 2009 04:53:57 PM
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I have several other trade wins to write about, namely shorting pump & dumps, NVGN & UOMO, each for 25%+ gains in 1 day, but this latest win on MAP Pharmaceuticals (MAPP) gets me extra-excited because:
1. Since it was a buy pick, EVERY TIMalert subscriber could get in on it, and over 2 dozen differnet subscribers did profit nicely.
2. It’s scary buying a stock up so much on the day, but the pattern–as I outline how to buy breakouts in my PennyStocking Part Deux DVD package–held true and worked rather nicely
3. Being able to accurately predict stock prices flies smack in the face of accepted wisdom, but Penny Stocks are momentum machines and simple technical analysis/short squeeze theory.
I bought 2,000 shares at $8.76 (a pretty pathetic execution) after it held the key $8.60 level (morning resistance becomes afternoon support on confirmed breakouts) just after 2pm EST telling my TIMalert subscribers:
Bought 2000 MAPP at 8.76…I know it sounds crazy to buy a stock up 180% on the day, but the positive drug news is huuuuge and the stock has held its gains nicely and just held a key technical level at 8.60…shorts are getting scared and methinks double digits is possible, especially if the stock follows similar patterns of other biotech high fliers DNDN and VNDA, both of which have risen over the next few days after their initial surges….obviously this is risky so I’ll cut losses if it starts fading into the market close, but my goal is to sell into a morning spike tomorrow, ideally in the $10 range, if shorts get squeezed…I’ll cut my losses if it drops below $8.50
You can see I was dead on (except that it didn’t spike as much as I wanted)…as I explained TIMalert subscribers my reasoning for not holding overnight:
Sold 2000 MAPP at $9.17ish…never risk a solid profit on an extra-risky position…this thing squeezed to the highs, but there is someone shorting 10,000 shares at a time..I don’t know what he knows, but i’m not sticking around to find out if he’s right or not…learn to take solid profits, sure, it could spike tomorrow, but I made like $800, even though the price action was choppy
TIMalert subscribers banked over $5,000+ (from those who have posted on the TIMalerts.com-subscribers-only website so farrrrrr) & judging by that last minute drop, I was dead on to sell & not risk holding such a big winner overnight:
Took 6400 shares long MDVX from 3.455 and sold average of 3.637 … but I started selling at 3.65 on the way up and it took me 8 minutes to get all my shares filled. Oh well, I’ll take $1133 in quick easy profit.
-Reaper
+$661.03 on OXGN
-TBohen
I got 1000 shares at 3.455 of MDVX. might have sold early but a nice quick $310 profit
-BTB
quick 200 bucks on TWB , this time i waited for the break out!! thanks TIM
-bassman
well took b/s bounce on MAPP @8.10 out at 850 for $550 gain.
-Dave
Bought 350 MAPP at $8.92 Sold at $9.10
Profit $63
-Raj
Got in and out MAPP for a quick $50. I’m too nervous to hold this any longer.
-Scott
out MAPP 9.00 for + $135 profit …. another + $175 Out 9.20… total MAPP + $332 TIMM ROCKS
-Traderjoe
made 150$ after commissions on that. Fast money. Thanks TIM.
-Hacker
In @9, out @9.30. $500 profit in an hour. Thanks Tim!
-rsean
Nice Trade… In at 8.74, out at 8.95…$400 profit in 8 minutes.
-Michael
800 in @ 8.83, 800 out @ 9.23, +320
Thanks! Didn’t want to stay long o/n
-Sommac
200 shares out as well. $54 profit
-Bill_Lin
MAPP out at 9.20 with 166 profit
-bassman
In at 8.75, out at 9.21, 500 shares. Do the math.
-Jeff M.
Sold at $9.25 for approx $170 after commissions.
-ehrof
+$130 in ~20 minutes, BAM!
-adam
Thanks Tim…I made a quick $150 bucks on MAPP is less than 20 min. I can live on $450 per hour!
-William David
yeah me to i was lucky to sell at 9.27 from 8.95
good one
-Gil
In at 8.92, sold at 9.23 for quick $289 profit after comm. and right before it made a big dip around market close. Good call Tim!
-chrono
I got in around 9 and out in the mid 20’s, partial fill, so it ended up being $35 profit. That pays for another month. Here I go, one month at a time.
-M.G.
8.9-9.17…Nice gain for the day, thanks for the tip
-Mani
I’m sick at home stuck to my bed. Terrible entry, my fault, but I still made $28
-Tony
I bought SMRT at 7.28 after it had broke the 52 week high. It climbed upward to 7.37 and then dropped around the 7.28ish level and stayed there for about 80 or so mins. finally at the end of the day the stock surged upward and i was able to get out right before the bell at 7.48 and took a 150 dollar profit after commission. A part of me said hold it overnight, but i decided that 150 bucks is a nice profit to take so i took it
-Wallie
Today will be no different as I am about to leave for the mountains again with $356 Tim-dollars in my pocket. Bought MAPP at 8.88 and sold at 9.25 within a half-hour. You hit the nail on the head about taking profits
-S.H.
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|---|---|---|---|---|
| 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%)
