How to Short Sell Penny Stocks: Example #2
Posted by Timothy Sykes on Thu 28th of May, 2009 11:30:16 AM
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UPDATE: To the morons who only think I talk about trades after the fact and that I make up all these testimonials–the reason you’re a moron is that you actually don’t understand that this is my free site, where you get the same info, just delayed…aka good for learning, but non-actionable, if you wanna see my stuff real-time, sign-up HERE
Soooo many pumps, so little time…you saw example #1 on GRO from the other day, here’s the second pump I shorted in the last few days, following up on my original post HERE that details how the stock was meticulously pumped.
This was what I initially sent out to TIMalert subscribers:
Shorted 4000 NVGN at 4.58…i like that its still down on the day even though its tried rebounding a bit from the morning open, if it takes out the morning low of 4.25, its got no support whatsoever until the $2s so it could drop big…remember in my morning watchlist, i noted how this stock tripled form $2 to $6 basically just because its in the hot biotech space…I expect to bank on this one, but I will cut losses quickly if it starts spiking unexpectedly
And this is how it ended:
As I later said HERE:
NVGN I made $3,400 on and totally screwed it up…despite my confidence that it was the perfect overnight short, I chickened out and covered near the market open at $3.70…before it gradually faded—like most pumps do—to close at $3.10…obviously nice to have such a big gain, but no celebration for me since there was another $1-$2,000 if I had any guts whatsoever…congrats to the TIMalert subscribers who baaaanked, there were tons of you!
TIMalert subscriber testimonials:
$263 Profit Shorting NVGN and I got in late at $4.02 out at $3.48
Thanks Tim
-KHB
Out NVGN @ 3.31 made a killer 22%
-Sonid
Covered NVGN at $3.54 for $497 profit. You da man TIM!
-C.
out at 3.31 couldn’t wait for it to take that block at 3.30
$320 gain wish I could have shorted more
-Sunny
shorted NVGN again small gain + 100
-TJ
Got only 125 NVGN to short from TDA before market open. Only meager profit, but it’s by far the easiest $60 I’ve made from TIMalerts.
-Rsean
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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%)
