Tehf ollowing was sent to TIMalert subscribers sometime around 4am EST, gots tobe prepared for the market open the next day!:
So I’m getting emails like “why don’t you trade more, I’m paying you for a steady flow of picks”…where do I even begin…howe about with my instructional DVDs which teach you the way I trade! For the 8482374th time, I go into the market each day reserving shares to short of potential plays, but not looking to trade because I know most trades aren’t worthy of my money or time…there’s plenty of low priced scalping action for 10-50 cents/share, but since I know I’m not a great timer nor do I feel like wasting away like a typical degenerate gambler watching the markets every second of every day, I focus on plays where I think there is 50 cent-$1/share of price action predictibility…for low priced stocks, this means I need 20%+ moves, hence the reason great plays aren’t popping up every day.
The good news is that as you can see from my 1+ year transparent track record, the gains do add up over time, you just need patience. So stop emailing me with that question, I did create my DVDs for a reason, to teach you lessons like this!
PALM is holding up/consilidating in a healthy fashion, booooring, next!
BTIM is in the midst of its latest spike, consolidating now, every other spike has been a good short 75 cents/share on the downside, but this one looks a bit different, I’d love to see a further short squeeze here. ..
EBHI has the right kind of 90% one day surge and chart that I like, but its based on earnings, probly more of a buy than a short dwon here under $1, especially if it can break yesterday’s high of $1.22 (although watchout for double top/fakeout breakout)
MED is a nice breakout, potential buy, but its got a lot of resistance overhead, I don’t see this one breaking out big, we need more hype plays to break out, not the real companies, boooooooring!
STEM is surging on Obama hope…tough to buy into considering we all know how m uch of a carcass of a company this is…I’m watching but waiting until I see some true breakout volume and if it goes far enough, then of course it becomes a solid short play…see how that works? PennyStocking DVD students know, just picture any Supernova…
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