7 Penny Stocks To Buy & Short Sell Today
Posted by Timothy Sykes on Thu 12th of Nov, 2009 11:30:14 AM
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This was sent to TIMalert subscribers at midnight this morning as nobody else works as hard as I do:
LiveStock is tomorrow Friday 1-2PM EST, tune in and watch
Michael Goode is now up $101,000 on my strategy in just over a year…yes, it can be done, he’s got a great post detailing his trades
TIM trading account—now stands at $93,870, made approximately $750 shorting EONC, disappointing there was no big morning panic, but it doesn’t always occur, this account was up 14% in October, up 121% in 2009 and up 657% in the last 2 years
Longer Term Account $175,001, no trades/positions, this account is up 28% since May 1st, 2009 inception…you can auto-trade this account by chatting with Covestor here
TIMalert subscriber gains of $2,000ish on the day today
Made another $650 on closing 3/4 of my new position today on EONC
-LG
I took home another $257 from trading EONC here.
-Reaper
+$300 on EONC
-Bassman52
-$100 on EONC. up $300 overall though.
-parabol64
$77.65 profit on EONC, I expected more but at least I didn’t lose money
-qbantek
Bought SNIC on bolan’s call at 9.01 (tried to buy at 8.85, but it jumped and had to chase). Sold at 9.18. +$70 gain
-mmiler
+$250 EONC covered this morning
-hany_am
eOn Communications Corporation (EONC) I covered my short this morning because while it did take out the $2.50 day low form the previous day, it found support at $2.45…not exactly morning panic material and its newfound illiquidity and strong overall market meant it would probly take hours, if not all day to drop 20-30 cents/share…not worth my time/risk of spiking…disappointing 20 cents/share gain, but I take comfort in my big $10,000ish gain from the previous day…congrats to everyone in this trade, EONC management thought they could get away with it, they were wrong.
Savoy Energy Corporation (SNVP) was a nice little pump from 10 to 40 cents/share, and then a dump today of 44% back to 20 cents/share…but there were never really many shares available to short, so I didn’t expect it to be a nice winner…just another lesson for all you guys as to how these patterns play out
NXT Nutritionals Holdings, Inc. (NXTH) finally cracked its recent choppiness to the mid $1s today…this kind of price action is usually the beginning of the end, potential short, ALFSS….just like AWSL, which is still in choppy mode.
Sonic Solutions (SNIC) has now broken out from the mid $6s to the mid $9s…I watched it the whole way, not even being tempted to buy because the chart pattern never was to my liking…welcome to how to be DEAD ON with a stock and the predictable perception based on PRs and hype…it happens and I won’t feel guilty…after all, I’m just a newsletter writer, not a hedge fund manager so I don’t have to be perfect, nor will I ever claim to be. Congrats to those who had more confidence in me than I do…not sure how much this can run, but I do lie the volume so I ight buy if the chart ever fits one of my patterns.
Nanometrics Incorporated (NANO) is for TIMalert subscribers only!
China Organic Agriculture, Inc. (CNOA) is for TIMalert subscribers only!
Conolog Corporation (CNLG) is for TIMalert subscribers only!
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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%)
