There Are Two Sides To Every Trade…Lessons From Orleans Homebuilders (OHB)
Posted by Timothy Sykes on Fri 7th of Aug, 2009 08:00:20 AM
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Yesterday Orleans Homebuilders (OHB) not only showed why trading Penny Stocks is soooooo predictable, but also reinforced many of the lessons my instructional DVD packages teach:
Namely that when a stock I short doesn’t breakdown as expected, I don’t sit around and reason that it should drop eventually, I GET OUT ASAP WHETHER I HAVE A SMALL LOSS OR GAIN.
Because as I wrote to TIMalert subscribers the day before this rather impressive low volume spike:
8/5
OHB just keeps squeezing stubborn short sellers who haven’t learned to cut losses…they had positive debt news and the stock is now at $4.50…guys, I’m sometimes wrong, it happens…but to keep adding to non-pump & dump shorts is usually a mistake…that’s why I take my medicine quickly (sometimes too quickly), lesson learned for everyone on this play…I ain’t shorting it anytime soon, unless we see a big short covering spike to the $6s at least
I even underestimated its spiking potential, but I was shorting the thing at $3 (I got out when it held support at $2.85ish for a miniscule profit, more importantly, protecting myself against spikes like this)
Some TIMalert subscribers have learned as they actually bought this short squeeze and profited:
Happened just like you said it would Tim, made $562 buying OHB on the squeeze, thanks! I’m about to pick up TIMfundamentals with these profits!
-George C.
My DVD students have learned these patterns swing both ways, profits can be made either way! (as this turned out to be a good short after the spike too and TIMalert subscribers profited there too:
Shorted OHB at 5.43 down to 5.15 for 7%. Afternoon fade!!!
-bearnine
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Related Reading
-
yngvai
TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 19 | AENY | $2.80 | $3.02 | $1148 |
| Nov 18 | NLST | $4.16 | $4.40 | $947 |
| Nov 18 | IMGG | $1.42 | $1.64 | $2094 |
| Nov 17 | NLST | $5.04 | $5.59 | $2195 |
| Nov 13 | VRMLQ | $21.50 | $22.97 | $2901 |
| Nov 11 | EONC | $2.61 | $2.80 | $687 |
| Nov 10 | EONC | $2.74 | $3.36 | $9784 |
| 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: $98,094 (681%)
