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#1 2008-03-03 11:22:17

timothysykes
Registered: 2008-02-17
Posts: 1036

COIN

Today's mention in The Gartman Letter in Barrons puts the stock right near its old highs at $14...long-ter shorts getting squeeeeeezed, the question is will they add or cover their positions if the stock can mount another attack with enough volume


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#2 2008-03-03 11:51:53

ggodman
Registered: 2008-02-27
Posts: 5

Re: COIN

So it's not a short at a bounce of 14.40?

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#3 2008-03-03 13:21:42

timothysykes
Registered: 2008-02-17
Posts: 1036

Re: COIN

u can play it however u want, i wait for the ranges to break before i enter. i hate scalping!


"Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!"

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#4 2008-03-03 18:43:46

timothysykes
Registered: 2008-02-17
Posts: 1036

Re: COIN

and thats why i bought it at 14.49, high volume all-time breakout. sold it at 14.97 less than 30 min later, great, great trade and will probly go higher tomorrow, but i'm in meetings all morning and i dont trust this stock for a second...cool thing i was doing a live radio interview and detail the trade as i get interviewed. check it out:

http://www.modavox.com/voiceamericacms/ … amp;Flag=1


"Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!"

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#5 2008-03-04 01:14:33

timothysykes
Registered: 2008-02-17
Posts: 1036

Re: COIN

C'mon squeezer tomorrow, can I get a $16?


"Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!"

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#6 2008-03-04 10:48:47

timothysykes
Registered: 2008-02-17
Posts: 1036

Re: COIN

To those thinking of short COIN:

coin is now a doubly confirmed breakout, where is your short gonna go, u might make $1 u might lose $1, no edge in shorting this strong a pattern. its really only gonna tank $2-$4 when theres much less volume and the chart looks like its rolling over. for now its just a stock fighting lots of demons, its pathetic that it cant really breakout with this strong a base and i think it goes back to how shady the company is, aka shorts aren't panicking, they're just adding to their positions


"Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!"

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#7 2008-03-06 13:09:50

timothysykes
Registered: 2008-02-17
Posts: 1036

Re: COIN

a day later and this thing still can't breakout big,,,,,verrrrry sad, when a stock has everything going for it and still can't breakout big, either its managed to somehow become a regular stock or its gonna tan big one day. my bet is tank big, but wait for the signs of a breakdown before shorting


"Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!"

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