How To Earn $72,000 From Short Selling A Stock Halted By The SEC & It Reopens At A Penny/Share
Posted by Timothy Sykes on Mon 12th of Oct, 2009 05:00:18 PM
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Remember the dozen or so blog posts I’ve written in the past few weeks, all summarized in the official GVBP hardcore research post, about the shady shady practices of Genova Biotherapeutics, Inc…before the SEC halted it.
Well, TIMalert subscribers and I made $41,000+ in trading profits shorting this thing before the SEC halt, but when the stock reopened last week down 99% to a penny/share:
I can’t help but be extremely proud of having done this video warning everyone about this company:
…and covering my 3,000 remaining shares short at 3 cents/share for another $700 personal profit…TIMalert subscribers made another $30,000 or so bringing our total profits on this pump & dump to $72,000+….simply glorious:
Covered 50,000+ shares at 7 cents for a cool $25k gain, thanks Tim!
-JRT
Finally covered my GVBP position @0.7 for $912 profit.
-Nifri
Covered my GVBP short @ $0.11 from my initial $0.51 short. Made $2752 all said and done, a HUGE win!
-Adam N.
There is some wierd stuff going on with that GVBP price. I tried for and hour to cover when it opened this morning and couldn’t get a fill.. I tried everything between 0.01-0.04, I finally had to cover at 0.07… anyways, +$1075
-tryp
FTC Disclosure: Not that I have to say it apparently until December 31st this year, but the results above are atypical, the average TIMalert subscribers has ONLY made $1,1812 in 2009…not too shabby for a $50/month newsletter, sign up already!
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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%)
