Archive for the ‘Missed Opportunities’ Category
Two TIMalerts: Why I Bought Energy Recovery, Inc. (ERII) & Tried Shorting New Century Energy Corp. (NCEY)
Here are today’s trades, and almost trades, told below by the unedited emails that went out to TIMalert subscribers today (and subscriber’ registrations will be activated tonight for the TIMalert subscribers only members website (TimAlerts.com) that will/should be fully functional tomorrow with the near real-time posting of any emailed alerts and commenting capabilities)
(every one else, don’t worry, TimothySykes.com will always remain free and open, think TheStreet.com & RealMoney.com-type model)
Today, basically NCEY was unborrowable to short (did anybody get in on that?) and ERII broke out as I was wanted/expected, up $2 or 20% from my alert, but it dipped a bit first and since I suck at/have no confidence buying stocks, I took a quick $150 loss…I’d do it again cuz you gotta remember with my account this small, I’m all about safety first…of course if the Pattern Day Trading Rule wasn’t in effect, I could easily have gotten in again when it broke the $11.30-$11.40 area…but no whining because look at these subscribers testimonials (you guys matter infinitely more than my own little account)!!
“I’m up 1200 so far on ERII. Great pick!” –bestdeception
“made 200 dollar on ERII :)” –marketgirl
“$500 profit on erii…tim alert. i’m up $1400 in my first 2 days of tim alerts” –Jonescade
“Tim, thanks for the ERII….made about $800, easily could have been $1200″ –Aaron
“Hurrrrraaayyyyy, I bought TIMAlerts yesterday for $29.95. I made $326 this morning on ERII” –Ron
“Made 250$ on ERII. Thanks to TimAlerts..Was tentative and opened 200 shares..still it worked!” –Seattle Guy
“I had only 500 shares, banked total $1035 from ERII (after comm. & fees).” –Ryan
10:15am:
i just bought 500 shares of cool water energy recent IPO ERII on the breakout at 11.29 (poor execution)…11 was previous high, 10ish was the low and its only been on the market for 3 days…over
American Beauty: Two Stocks Exemplifying Perfect Technical Breakdowns
You know me, I prefer trading frauds and pump and dumps to real companies, especially real financial companies, especially really f#!$ed financial companies, but I can’t help but appreciate the perfect charts on Fannie Mae (FNM) and Freddie Mac (FRE).
These companies are moving based off news, financing, possible collapse, blah blah, blah…go watch CNBC, it bores me…but notice how the panic really set in when they both took out their March lows.
This is what I’m talking about when I say I want to short into lower lows, whether that appears on an intraday, daily or monthly basis, preferably altogether as that’s when there are stop losses galore getting taken out simultaneously, or at least within a few minutes of each other, and if you’re a short seller, it’s like riding a giant wave, a big ass wave of computer generated sell orders!
Three Small Profitable Trades For TIM; Three Giant Gains For TIMalert-kind
Yup, posted about another couple of trades rather perfectly, even while I personally screwed them up a bit…this has gotta be some kind of record, what is it 10 years of this crap now? Welcome to my life brothas!
Wednesday: After a morning runup, I saw HYGS fading a bit—price and volume-wise, so I pulled up my Thinkorswim live chat to enter in my order (reserved shares in the morning, but just put a note on my account) and guess what I saw, I had shorted 2,000 TGC at $3.49 (thinking it’d never get up that high, I was too lazy to put a note on my account/have to get the chat window open again, the sequel to my original VRML mistake) and now that stock was at $3.75….friggin moron!?!?!?! Wasn’t a bad short in the overall scheme of its chart so I told TIMalert subscribers I’d hold onto it and see how it’d perform, even if it was an accidental trade. Also told em, I was watching HYGS for a possible fade since at $2.30ish, it was only up 5 cents on the day and sellers were looking more determined (forming a wall of sellers with fading buy volume)…
A few seconds later and HYGS has broken $2.30 so I put in the order to short 2,000 with a limit of $2.27…got $2.29, whewww….emailed TIMalert peeps (members-only website coming next week so you never miss anything) by saying “i think if it takes out 2.28-2.25ish, it can go under $2”…just as that was breaking down a bit, TGC pulled back too so I decided to play it safe, covering at $3.44, a 5 cent/share gain, but basically getting me out of a trade I never meant to be in.
Short Selling Games: How To & Not To Short A Morning Spike
Each of the past two mornings, I’ve shorted Uranium Resources, Inc. (URRE)—mainly cuz it’s up so much and its horrendous long-term chart and level 2 price action tells me there’s a ton of bitter shareholders looking to sell on these bounces. This 100% stock price spike naturally has brought in the short sellers, many of whom are complete morons, thinking it’s gonna collapse at any moment and I gotta thank God for their existence cuz their premature entry and inevitable squeezing is what causes these morning spikes.
Yesterday, I wisely waited for a nice wall of sellers to enter—meaning there was plenty of overhead resistance, even during the spike, shorting 1,500 at $4.05—even though it was off the day high by 20 cents…I wanted 30 cents of downside and got some of it, but when buyers seemed determined in the $3.85 range, I said to my self “can’t be greedy, this isn’t an I deal play” (it wasn’t negative on the day nor the afternoon). Covering at $3.90 it was a decent $200 gain.
12 Hot Stocks For Tuesday, Interesting Plays Galore
Yesterday afternoon is a prime example of why I hate leaving in the middle of the trading day…as I left for a FOX interview yesterday at 2PM, I alerted TIMalert subscribers to some potential breakouts in TGC, BQI, SSN…while those did breakout a bit, they weren’t the true breakout superstars that PDO and ROYL were…you gotta buy those breakouts, especially ROYL since it had positive news too…I don’t know about PDO all the way up here now, and ROYL might be just one big spike and that’s it, but I prefer buying the breakouts and selling into the panicking shorts/latecomers buyers, but as you know, I suck at buying so who cares what I do.
Lesson here is life usually gets in the way of trading, deal with it.
GSI time for a super spike like it had last October (which was a great shorting opportunity)? Reserve shares just in case…buy if you have balls
SINO, on watch for bigtime breakdown at $10….you know if it cracks stop losses are gonna get taken out, I’D RESERVE SHARES TO SHORT THIS THING IF AND WHEN IT CRACKS, could be an easy $1 of downside
NYNY big development news this morning means I’m not gonna short it, maybe even buy it
Guest Post By Tony Ellis: How I Turned My Two Best Trades Into My Two Worst
If you read THIS post about grad student Tony Ellis making over $50,000 in trading profits over the past few months entirely due to Pennystocking, you know he hasn’t just gotten lucky, he’s been dedicated. As I posted this morning, successful trading really is all about practice and learning time tested rules through your successes and failures, so in the following guest post written by Tony Ellis is quite an important one. He’s had a great run, like many who have already purchased my PennyStocking DVD, but that doesn’t mean he ain’t gonna make mistakes.
Mind you, my DVD only teaches a set of trading guidelines, what has and hasn’t worked for me…it certainly doesn’t have all the answers and actually is quite different for everyone depending on the student, experience level, risk tolerance, discipline and goals. Some things as Mrs. Gump says, “You’re gonna have to figure that out for yourself”.
In short, yes, I try to position myself ahead of big moves, but there is a reason why I’m so quick to take profits, allow so-far-successful-but-still-makes-mistakes-along-with-the-best-of-them
-awesome-for-sharing-not-only-helping-himself-but-others-too-which-rocks Tony Ellis to explain:
LIVESTOCK On Demand
If you missed the earlier show - you can re-watch today’s LIVESTOCK show below. Enjoy your friday afternoon!
LiveStock Returns Tomorrow At Its Regularly Scheduled Time 1-2PM EST!
So the marathon episode of LiveStock last week was fun, but now it’s back to reality…1 hour/week…for now…1-2PM EST
So this is the post where you comment with any questions whatsoever you want answered on the show…for those of you that have watched this thing before, you know you can ask questions in the chatroom too, but then again, I usually miss quite a bit of the party while I’m there in front of the camera yapping away.
For example, I’ve heard from several people that there was a Playboy model, Ms. Tayler Delane, in the chatroom last week…I kid you not. Click that link to see her pic
No Yahoo!, You Want To Make More Money, Not Less!
I don’t give a damn about any of these companies stocks—Yahoo! Inc. (YHOO), Microsoft Corporation (MSFT) or Google Inc. (GOOG)—but when I see articles with titles like this: “Microsoft offered $9 bln for Yahoo stake, search deal”, I can’t help but laugh.
One Of The Worst Trades Of My Life & Still A Solid Profit: Behold PennyStocking!
You know how I always say wait for ideal opportunities? Well today was one and while I made $700, I screwed it up completely—latest proof that if u stick to these kinds of plays, its sooooooooo tough not to make money:
When a piece-of-cow-dung-type company (just look at the chart, little research other than that needed) like South Texas Oil Company (STXX) spikes up…for any reason…you gotta get interested in shorting it. When similarly foul smelling stock promoter Lebed is involved, the BullShitometer goes off the charts and you just gotta reserve shares ASAP
Well that was the thinking that made me short 1000 shares of this stock yesterday at $4—mistakenly believing I got a good execution since the volume was pathetic and the bid was $3.40, I figured I’d scalp it for an easy 30-50 cents/share…unfortunately, the bid caught up and shorts like me got squeezed to the $4.50 range (thankfully the company is so bad, even stock promotion couldn’t get it up much more than that!). Displaying some newfound patience/conservatism, I controlled my losses and covered at an average of $4.22, a $250 loss, but not bad considering my impatience/stupidity at getting in in the first place (I love how several PennyStocking DVD students commented/emailed/IMed me I was wrong for getting in—at least I’m a good teacher!)
We’ve Only Just Begun: A Memorial To BodyTel Scientific, Inc. (BDYT)
This Memorial Day we commemorate not only the men and women who perished in service to their country but the pumps and dumps that inevitably perish in service to their manipulators. Each year thousands fall, so let us celebrate the life of the pump known as BDYT, who’d only just begun to blossom, with a song I wrote:
We’ve only just begun to surge,
Stock spam and promises
A check for the promoters and we’re on our way.
And yes, We’ve just begun.
Before the doubters we fly,
So many market makers to choose
We start our upticking and learn to run.
And yes, We’ve just begun.
Short Selling Hyped Up Oil Stocks: Fieldpoint Petroleum Corp. (FPP) Et Al
Over the past few days, I’ve had muchas problemas shorting all these hot energy stocks—mostly because I hadn’t taken my medicine lately—when really all I had to do was wait for them to go negative on the day. (late yesterday afternoon, I made my latest tiny-account-so-I-can’t-risk-any-pain-damn-that-really-sucks-for-my-strategy kind of a mistake, shorting 300 PDO at $26.38, since it took out support at $26.50, and while it quickly tanked to $25.50, I wanted more than 85 cents/share profit so I held and it squeezed shorts like me to $29 this morning—I’d already covered yesterday before the close at $27.50, another $300+ loss uhhhhhhh)
Today was that day. After managing to only gap a tad bit higher, MXC, FPP, PDO, ROYL and about a dozen other of these highfliers just got absolutely devastated. Normally Supernovas tank just a little at first, but an absolute and immediate wreckage like this—all these stocks are down 15-30% on the day—is very rare.
First to go was MXC—nobody could find any shares to short of that one today, but as I saw that falling, I wanted to get it on the action with my 300 shares of PDO that I’d reserved so I placed the order—or rather “Joe” of Thinkorswim entered the order at $29—the guy is the slowest of all Thinkorswim chat representatives (I’ve shoulda planned ahead)(Yah that’s right TOS had plenty of shares to short, all you cheap Jewish fools whining about not being able to short deserve your grief cuz you’re wanting to save $5/trade in commissions make you miss out on ideal shorts like this one!)
By the time slow Joe put the order in, the stock was already falling, so I quickly changed it to $28, then $27, each time missing the execution since it fell too quickly. 5 minutes later, it was at $22…Thanks a lot Joe! (really my fault) My sweet Lord, this was friggin CNEX all over again—I was in that one the day before the big fall too!
My Latest AOL Finance Article, Some Seriously Good Advice
You Can check it out right HERE
This was written last night and I basically nailed all the top percentage gainers today….too bad AOL didn’t publish it until 1pm, but that’s what I get for submitting a 2am article on a Monday as it’s there busiest day…
Best/most useful quote form the article:
For now, let these kids play-some are even good to play form the long side, if you’re willing to take on that kind of risk (not me!). Call them in from recess-or short sell them-only when it begins to get dark outside
The Pump And Dump Blues: Nothing Compares 2 U, In Loving Memory Of Cannon Exploration Inc (CNEX)
I’m sorry to have to announce the passing of Cannon Exploration Inc. (CNEX), a beautiful and vivacious pump and dump, who at the height of her popularity, was taken from us prematurely, like so many of our brave soldiers around the world
Beautiful CNEX, I know that living with you was sometimes hard, but I composed this wholly original song and even made a music video (even though the singer got the words wrong) in your honor.
It’s been seven hours and five dollars
Since you took your pump away
I research every hour and wait all day
Since you took your pump away
Since you been gone I can write about whatever I want
I can trade any stock I choose
I can look for stocks that are breaking out
But nothing
I said nothing can take away these pump and dump blues
`Cause no pump compares
No pump compares to you
10 Stocks In Play: Where Do You Fit Into The PennyStocking Spectrum?
Remember: just cuz I suck at buying breakouts—patience and actually being around to buy-wise—doesn’t mean you’re gonna suck at it too. It’s much much much easier to buy these suckers on the way up than is it to short sell cuz it’s more fun to party than it is to inform everyone that the bar is closing and that the strippers all have STDs….that’s basically what it’s like to short these dirty scummy stocks. Below you see a wide range of PennyStocking patterns from which you could and should profit…really just gotta get grounded in my DVD course so you can understand all the variables at work so you can adapt to all the evolving patterns…obviously.
LGDI
VRML
Plummeted bigtime/nicely…despite my $1,000+ in gains between LGDI and VRML, holding one week longer coulda woulda shoulda been an extra $3,000 in profits at yesterday’s closing prices! Are you beginning to understand that as long as you short these turds just as their absurd Supernova buying firestorms appear to fade, even just a little bit, there’s a whole lot of $ to be made? (and despite my 56% return over the past 6 months, anybody who has a decent grounding in PennyStocking could should would be up 100%+ (See TIM results and Supernova slide above to better understand)
NNVC
PSTI
Already began to fade…missed NNVC, thanks a lot Chuckieeeeeeeeee, PSTI so gradual, anybody find any shares to short?
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Why longterm investing in penny stocks sux
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Jul 19, 2008LiveStock was particularly good this week
Jul 18, 2008
TIMtrades
Learn from my successes, learn from my failures, learn from TIM. Click here to learn more.
| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 15 | MNLU | $6.37 | $6.73 | $340 |
| July 11 | IDAE | $2.27 | $2.49 | $630 |
| July 8 | ERII | $11.29 | $11.00 | $162 |
| July 3 | TGC | $2.14 | $2.39 | $471 |
| July 2 | HYGS | $2.15 | $2.29 | $260 |
| July 2 | TGC | $3.44 | $3.49 | $80 |
Total: $21,900 (
76%)
