Posts Tagged ‘Breakouts’
15 Low Priced Stocks: Buy & Short Sell Some, Avoid Most, Despise Them All!
First, let’s get the fun / useless guessing game contest over with—with YHOO’s $24.37 closing price, there were 2 winners: Ann-Nan Lo $24.50 and DarkMatter $24.24—congrats guys! (UPDATE: Ann-Nan Lo has been disqualified cuz her winning guess was her second…wow, my readers are on top of things!)
Now to business, stocks with predictable charts—doubt any of these topics will get 200+ comments, but gimme a few years to set you straight. Tons of plays, gonna be handicapped yet again by the SEC pattern day trading rule—all that handicapping inspired me to write one hell of a post, which I gotta vet with a lawyer…
VNDA
Yes its bounced, but its a ton off its highs and it’s an earnings play, still watching it, doubt I’ll have the buying power to touch it, f$#@ you SEC!
LGDI
My top play for today, made $350 ayer, look to make more if and when it cracks $4.40 to the downside, could / should move fast when it cracks as that’ll put it slightly down on the day, potential to go all the way down to $4, then it’s a game of whether or not stop losses can get taken out, $4.05-$4.10 if it holds, $3.60-$3.70 if it doesn’t…and this is all of course after the probable / hopeful morning short squeeze
, which could / should retest highs, pleaseeeeeeee…game of chess baby, I don’t know how to play, only game I know is PennyStocking where you gotta think a few moves ahead!
SUNV
Kills me I didn’t short into yesterday’s spike, read my twitter message about it (Follow me on there to get quick messages like that), I was all set! That calls for my second f$#@ you to the SEC in as any minutes.
FEED
Lesson in why you don’t scalp these range bound suckers, use my friggin experience to your advantage you dumb Jews!
10 Hot Stocks: Hanging Out With All The Liars, Cheats And Frauds In Penny Stock Purgatory
Seeing all the soulless scumbags around me, I can’t help but feel like this guy…name the movie!

LGDI.OB agri is so hot right now, great fluffy PR this morning, this is a solid pump—probly created by those who got cheap shares as disclosed in THIS toxic SEC filing just a few days ago…chart reminds me of NCEN from a few weeks ago—which dropped 40% off its highs, but patterns evolve (that’s right, you can’t just memorize patterns and then trade—you’ll get your ass handed to you, you actually gotta understand the variables that align to create them so you can ADAPT to change, as detailed in my instructional DVD PennyStocking) (welcome to why this niche is different from all others aka my publishing business model)

SUNV.OB Not enough time in the day to explain everything wrong with this company, its all just exemplified by this blatantly misleading press release, an interview for which they paid, no different from the half dozen mentions HERE for which the pumpers paid
Trading The Latest Hot Beverage Stock: Skinny Nutritional (SKNY.OB)
Skinny Nutritional (SKNY.OB) (oxymoronic?) just launched the latest zero calorie water brand, Skinny Water, lured in some third-tier Coca Cola executive to serve on their board, basically entirely for his title (giving him 2mil shares–and many others many millions more–while unsuccessfully / humorously / amateurishly trying to ticker spam that announcement to get included in the Yahoo! news of Coca-Cola bottling (COKE), Pepsi (PEP) and of course Coca Cola (KO) (silly pumpers, for some strange reason, you guys haven’t read my book An American Hedge Fund, if you had, you’d know ticker spam is for kids…back in 1999-2000!), all the while trying to pitch themselves as the next Vitamin Water.

I’m Travelling But Who Cares, Here Are Some Hot Penny Stocks
Gonna be traveling all day to my U of M speech so considering how good some of these plays are looking, I’m gonna miss out and inevitably get some emails sayin’ I’m a failed trader, but that’s a small price to pay to get the expected 150+ students to think cynically about the financial industry freakshow! Here’s the microcrap landscape…cheers:

PDO just keeps it goin, showing why THIS trade was actually pretty damn good, at least for a short seller—as I preach in PennyStocking, shorting, while ultimately correct considering how shady these companies are, is much tougher, I really want you guys to learn to play these from the long side (something which I could never really master)…as for when to short, don’t stand in it’s way, this is a full fledged Supernova! Just sit back and let all the early shorts kick, scream and ultimately panic cover—that’s when I’ll start looking’ to enter
HDY is another sketchy oil and gas play that puts out exaggerated PRs, spikes and then does nothing…last 7 spikes have all been good short opportunities, their PR firm is Investor Awareness Inc whose business—judging by their other clients—is to take a few thousand dollars/month and do little to nothing offering up excuses like “it’s tough to get any upside in a market like this” and “no microcraps are doing well right now”. Too bad HDY doesn’t hire somebody scummier/more unethical so this stock can actually pumped like it should be!
Parabolic Stock Chart Of The Day: Unisource Energy Corp (UNS)
Overworked as I’ve become, I really appreciate it when you readers alert me to some solid opportunities. Today’s chart of the day comes courtesy of InvestorsLive (see MarketKid, that’s how you link when you feature someone else’s idea on your blog!)

Rather expensive, fundamentally sound, tied to commodity prices and slow moving for TIM to play, nonetheless, I consider all surging stocks as potential shorts…just gotta be extra careful on this one as its managed to take out 9-month resistance, then again, it has gone parabolic so we could see some conso0lidation soon…
We Are The Three Amigos: 3 Natural Gas Plays & Some Other Banditos
(MXC) The fist of 3 spiking AMEX microcrap nattie gas amigos with under a dozen employees…you wanna talk about the worst companies out there, well, here you go, hardly any business at all…but that won’t stop them from spiking because nattie gas has been soaring and people loveeeee speculating on these POS…couldn’t find any shares to short, too bad…

(PDO) The 2nd of 3 amigos, recognize this chart pattern? I’m short 700 shares @$6.20 because it faded gradually into the market close yesterday and I’m looking for it to take out stop losses at $6, so I can cover in the $5.60-$5.80 area…it’s a small position because I truly hate these AMEX commodity plays, you remember how KOG went!
I Am Not A Crook I Just Play Penny Stocks Promoted By Them
It’s been 3 years since total piece of poo oil play MPET pulled off the quad-fecta, rising from $1 to $4…can it do it again?!?!?! Hopefully…but odds are obviously against it

BSIC wants in on that vertical price action too
Courtesy of Investorslive.com, I give you today’s manipulated stock chart of the day:

To Short Sell Or Not To Short Sell, That Is The Question
There are a great many microcraps surging—some look to be potential shorts, while others, you just gotta sit back and watch them play out:
As I’ve repeatedly posted, I’m short (EDEN) cuz it’s the perfect mix: failing company, quick spike followed by gradual fade and most importantly, the spike was caused by erroneous reporting. Forget about guessing games, TheStreet.com handed this to us on a silver platter!
TIGR’s still great to short, but good luck finding shares!
PDO and MXC Two little oil plays that are spiking, be very careful, remember, they’re not pure pumps as they are tied to that strongly performing commodity (that ain’t easy to short…remember the KOG…which itself is breaking above recent highs aka not a short!)
ENT is another small energy outfit trying to spike here, although its spike is rather gradual as it’s seemingly going for a cup and handle breakout…not a short!

Speaking of not shorts, FEED, WSCI and UFPT can never seem to go down—when stocks go up 4, 5, 6, 7 days in a row, they’re obviously not one time pump and dumps and they can go a lot further than you’d ever expect—take a look at this GENC chart below to see what I mean!
The SmallCap Pump & Dump Capital Raising Game: AgFeed Industries Inc. (FEED)
What’s the ultimate goal of publicly-traded smallcap companies? They sell shares when their stock prices surge to raise the most capital possible. This morning, recent high-flyer Chinese pig-farmer (FEED) did just that, becoming the latest victor in the smallcap pump and dump capital raising game, raising a cool $10 million, selling shares at $16, less than 10% below their closing price of $17.40. What are they gonna do with this newfound capital—buy more pig farms of course!

You can look at this two ways—it’s great for the company that they could raise so much $ at such high prices—usually these financing deals are done at much bigger discounts, think 25%+. The capital gives them a shot at true business glory, even if the odds are still decidedly against them. Then again, it’s dilution below market prices—the rich get special deals—so this stock should open lower as poor people sell their shares—wondering how to buy stock 10% below market prices (hint: you either need to give the company a lot of $ or convince them you and your connections can and will pump up their stock price)
Don’t get me wrong, agri stocks are hot and this is a clear chart breakout so I have only two concerns:
Stock Chart Of the Day: VisionChina Media Inc (VISN) Breaking Out
Their corporate name pretty much says it all–this now $1 billion Chinese company who deals in digital media and advertising is breaking out to new highs today on typical 200,000-ish daily volume. Big-time revenue growth and surprising valuation–think 200%+ and a forward PE in the 20-25 range–added to the fact that people are looking for ways to play the upcoming Olympics and you’ve got some real potential here. Too gradual/uncertain for TIM, but you know it’s gonna interest guys who like buying breakouts like Lindzon
UPDATE: Bought 200 shares at $14.63, couldn’t resist such a perfect breakout, kept my position small to give me the patience to hold out for $1-2 of probable upside
UPDATE 2: Doubled up at $14.27, total cost is now $14.45, stock didn’t uptrend into the close like I, along with seemingly many others, expected.Good news is it held the breakout levels and there’s a reasonably strong chance at a morning spike, especially given the probable strong maret thanks to IBM’s earnings.
TIM Lesson: If you know you suck at buying breakouts, don’t be early, wait to buy until right before the market close.

UPDATES
May 11, 2008Cool interactive video interview we'll be trying out tomorrow afternoon, let's hear some questions!
May 11, 2008WSW casting call, maybe I'll go and film the auditions!
May 10, 2008Uh oh, you're gonna have to learn on your own!
May 10, 2008Saturday linkfest, read it or weep















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