Stock Promoters Manipulating Penny Stocks Are Baaaaack, Here’s 7 Of Them, TIMalert Subscribers Banked $2,000+
Posted by Timothy Sykes on Mon 15th of Jun, 2009 12:22:20 PM
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This was sent to TIMalert subscribers at midnight so they could be prepared for today’s trading day, don’t you wish you were prepared?
Sorry for the dumb LiveStock chatroom on Friday, not even worth posting about…LiveStock will soon become subscription-based, I’m so sick of useless people who don’t want to learn…I will not allow it to become like Yahoo! Finance message boards…sorry again, will have a fix shortly.
Here’s a review of TIMalerts from a subscriber, I want to know what you guys like/dislike, so please post comments below including how much you’re up or down, so I can improve!
TIM trading account—now stands at $59,486, up $200ish covering my successful shorts on JAZZ and MAPP, glad so many TIMalert subscribers profited alongside me (as you can see from the $2,000+ in testimonials below)…I’m now up $1,700 in June, up 380% in the last 18 months, no positions
Longer Term Account $50,787, up $787 since $50,000 on May 1, 2009 inception, shorted 10,000 shares of the blatant pump & dump SPNG at 17.7 cents/share…see my research below.
JAZZ + $950
MAPP + $90
IN TIM MONEY ;)
-TraderJoe
Net profit until now: $791, details:
Shorted 2k RSOL @ 3.60 yesterday, covered @ 3.50, $170 net profit. Shorted 1k MAPP @9.95 yesterday, covered @9.70, $236 net profit.
Shorted 1k CREL @3.74 yesterday, covered avg. @3.34, $385 net profit.
-Nifri
255 profit on JAZZ - covered at 2.78. Thanks for the call Tim!
-Asparmar
Shorted Jazz @ 3.55 covered @ 2.57 cleared $166.48 after commissions…Thanks Tim ;-)
-Contango
SPNG I shorted 10,000 shares at 18 cents on Friday after it showed the same first day plunge pattern on pump & dumps as UOMO, WWAG, CVRG (look how those have performed since, down 90%), as a small opening position because as I wrote blog posts about this weekend, see my research HERE and HERE…the company is basically run by stock promoters, those stock promoters sold shares to themselves at 40% discount to market (like similarly scummy HEB) and now have 700+ million shares outstanding, 350+ million owned by those stock promoters, most of which are being sold (they hyped up their stock buyback which was only 3 million shares LOL), which helped fuel Friday’s intraday 60%+ drop…the stock promoter management team quickly put together a fluff PR late Friday to help the stock bounce from 8 cents to 18 cents/share in the final hours, which is yet another reason I shorted. This might be a longterm position because the stock promoter management also have upped the allowance for shares to 2 billion, meaning they’re probly gonna issue themselves more shares at a discount…anybody who believe a company based on PRs and their sports marketing efforts deserves to lose their money
…I’ve seen this EXACT pattern thousands of times and it always ends badly, whether or not this is the final top (I kinda hope they can put out 1-2 more waves of spam to get the stock over 30-50 cents/share, but Friday’s price action usually signals the beginning of the end. It’s particularly funny to watch paid promoters and suckers partner to try to discredit me on the message boards HERE, take a look, it’s funny…all I did was copy & paste SEC filings and stock promoter compensation disclaimers, which anyone can see (TIMfundamentals DVD students even know EXACTLY how I research these things)…the truth hurts, but some people don’t want to see it/believe it…I’m not saying don’t buy this on the runup…far from it, there’s probly more $ to be made buying these pump & dumps…just understand why it’s going higher in the first place…obviously, this stock is near and dear to my heart, I love pump & dumps, just hate seeing sooo many people believing the paid-for misinformation.
GWSC is a tiny tiny solar company that has now surged from 25 cents to nearly @ in 3 days since supposedly getting a huge contract, but it’s a pump & dump…check out the disclaimer in this article…30,000 shares of stock for fake positive press…sickening but delightful…and that interview the CEO did on Friday, they paid for it too:
GWSC: Small Cap Voice received $40,000 from the company and 150,000 restricted shares subject to Rule 144 of the Securities Act of 1933 from the Company on 7-15-08 for 90 days of service. Small Cap Voice received an additional 275,000 restricted shares subject to Rule 144 of the Securities Act of 1933 from the company on 11-15-08 for an additional 180 days of service.
…definite potential short as this will inevitably go back to its carcass-like existence…just gotta find shares to short!
JYHW is a former bigtime pump & dumper, now a pathetic 20 cent stock that the manipulators managed to get the stock up to 60 cents/share…shares available to short, but the downside is too limited here, only a potential short for my longterm account since every single time in the past that it’s been pumped, its come down after a month or two…risk is this is the beginning of multiple waves of pumping.
JAZZ had a perfect morning panic on Friday from $3 to $2.50ish…I covered my 1,000 shares at $2.84 for a $400ish gain, mistimed my exit, but this was a great trade and many TIMalert subscribers made over $1,000 each…there’s still some more potential downside, but its already down 50% from its highs, so there’s risk of some spiking, OCLS-style….potential short on any big spike, but probly no play for me now.
MAPP had a similar morning panic Friday that I covered into for solid profits..I wanted a panic down to the low $9s, but when I saw big block buyers holding firm at $9.50, I got out pretty quickly, still made 40 cents/share, just like I did with JAZZ…stock is probly still a longer term short, but I don’t know how much downside is left, I wanted a quick drop, got some of it, next!
GRH faded nicely to $2.50 below key support at $3 on Friday, but the sideways price foreshadows lower prices…support at $2 means there’s not much downside and still the potential for financing, potential short, but I probly won’t touch it with all these other juicier plays around
SHZ is a long-time manipulated stock, perfectly horrific longterm chart that I love shorting, up from 75 cents/share to $2 in 4 days, volume and price have now faded a bit…unfortunately somewhat illiquid, still a potential short
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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%)
