CHATROOM

3 Smallcaps To Short…..But Not Yet

November 13, 2007 at 8:43 pm
by Timothy Sykes

Watch these 7 free video lessons on how I became a millionaire

This market spike has brought forth several smallcaps that will soon offer some good ole’ shorting opportunities—not yet though, not yet. They all have unique stories and blah blah blah—they’re all just classic examples of exploitable smallcap volatility.

On Monday, Questcor Pharmaceuticals (AMEX: QSC ), a fledgling biotech company, reported surprisingly strong earningsan

d now it appears that they can actually fund themselves to develop other drugs, too—hooray ! This ain’t no short squeeze (only 20k share short) and it’s a profitable biotech with a seemingly popular drug—which means that even after tripling in price, there’s further upside potential. Due to the ridiculous price spreads and the usual illiquidity (not on QSC, can you say 10 million shares in daily trading volume!), I hate shorting AMEX stocks….but if this one keeps surging, I might have to make an exception.

qsc.png

On the other hand, SteinMart (Nasdaq: SMRT ) recently reported lackluster earnings, coming in with negative quarterly revenue and same stores sales growth, the CEO said business was “difficult ” and yet their long derided stock has now bounced a cool 50% on this news. Maybe all the negative news was priced in—after all, it’s trading at 0.20x sales and there are 3 million shares short that have made some solid profits shorting this thing.

Nahhhhh!

Take a look the chart and try to keep a straight face when you tell me this run-up is gonna last (don’t forget about tax loss selling season!)

 

deadcat.JPG

Whoops, wrong image, my bad–here you go:

smrt.png

 

 

 

 

 

 

 

 

 

 

 

And my probable soon-to-be-favorite stock to short, Xerium Technologies (NYSE: XRM ) a maker of products used in clothing and roll covers. I’d detail the earnings report that has caused this price surge, but it bored me to sleep so I’ll spare you the same fate. What’s more impressive is the 20 straight down days this stock had before these past four days have nearly wiped out all those losses. Methinks we’ll soon get another one of those cold streaks.

xrm.png

 

 

 

Shorting is very difficult, so I’m not rushing in to short any of these right now. First of all, I’m spending my morning tomorrow at IAAPA , but perhaps more importantly, I only like to short these kinds of bouncers near the close of their first down day. Stay tuned as to when that will be…

Disclaimer: I got nothin’

Posted in Short Selling

No related posts.

  • Getshorty

    Hey Tim, CHC looks like a good buy on a strong open, ready to close right away at the slightest since of weakness after. It also looks like a great short if and as soon it goes red during the day. MHGC also looks like a great short if and as soon as it goes red, or have I got completely wrong your dvd lessons?

  • Getshorty

    since = sign

  • kusumo

    2 strikes against CHC as it is both an earnings play and a financial company.

  • YoungGunz

    I didn’t bother reserving anything so far today.

  • gburleson1

    I reserved shares of NOBL just in case it comes down after the morning spike

  • http://www.test.timothysykes.com timothysykes

    mhgc is a real company, no thanks

  • Getshorty

    This is going to be one dull monday morning….

  • Ross

    G’Mornin

  • be-the-ball

    morning, boring list, not your fault Tim

  • http://www.test.timothysykes.com timothysykes

    haha stick around long enough and u’ll see many boring/weeks/months liek this, this is when u have to be thanksful there are down times and u can actually go outside!

  • Reaper

    Maybe boring for y’all. I caught the morning panic on GFET. IB still has plenty of shares and this baby likely has more downside.

  • merbman427

    CHC retesting resistance from a few months ago…

  • Ross

    No CHC available on TOS

  • evanmost

    There is some CHC available on sogotrade.

  • Ross

    ZOLT took a big dive this morning. Hopefully Big Jim got out in time.

  • bigjimstradingpost

    Big Jim still here in ZOLT and just bought more. I don’t own this one for a short term play however I do snag shares on days like this when they are on blue light special and dump them when the stock price recovers. Earnings are coming out tonight after the market close. My guess, the MMs are pushing out the stops and shaking out the weak hands. Good news will be coming and this baby will blow past $23. Only my humble opinion…do your own DD but this one has made me plenty o cash in the past.

    LLNW still climbing. I like this one as she’s only a $4 player. Don’t know for sure how much higher she will go…doubt we will she the 52 week high of $15 but $7 isn’t out of the question…

  • bigjimstradingpost

    Oh yea, I’m still sittin on 3000 shares short of FLWS at $6.69…

  • lamecoder

    BigJim, you buying those stocks because of value, or what?

  • Ross

    Looks like Zolt reached a bottom around 18.05

  • Ross

    I have 200 shares of LLNW @ 4.37 and 100 shares of Zolt @ 18.29.

  • bigjimstradingpost

    YUP
    Major ZOLT bounce underway

  • bigjimstradingpost

    FAKE OUT!! $17s now…gotta go grab some dry powder and get ready to fire again..NICE!!!

  • bobbymapp

    Getshorty, did you short MHGC? I shorted at 16.49, and chickened out for a cover at 16.40. Then it went negative on the day and I shorted again at 16.04. Still holding that short since it quickly dropped below 16. (ps I know its not a Tim play, but good for a small position)

  • AdamN

    Back from a much needed vacation last week. Playing ANAD short @ 3.92. Not an ideal play, but there was major resistance at $4.00. Waited for it to back off after testing $4 and jumped in @ 3.92. Lots of sellers now. Just looking for a small gain here.

  • Ross

    Zolt is doin de bounce now.

  • http://www.test.timothysykes.com timothysykes

    when the fuck r u guys gonna learn “not an ideal play” and “just going for a small gain” is the wrong way to think, your odds are shit. seriously, how many fucken times do i have to repeat myself?

  • be-the-ball

    one million times apparently Tim.

    let them lose their money. financial darwinism

  • AdamN

    Tim, I thought your motto was “aim small, miss small”. Going for the small gain is what you preach. Aside from the fact that my play isn’t your ideal supernova setup, it’s a play nonetheless where I have a specific exit strategy to avoid a big loss should the price action go against me. I think shorting a stock that backs off a major resistence level is good enough for me to take a $0.10 – $0.20 profit from (maybe more). For my small account, this type of gain is worthwhile to me. Next time, I’ll keep my ‘non-ideal’ plays off of your site to avoid such berating.

  • Ross

    RE ZOLT: Looks like an earnings est. was out this morning at $0.27, the real
    number is supposed to be released tonight after market close. Could be
    the real number is worse and got leaked to institutional investors,
    that would account for the big volume.

  • prognesubis

    AdamN, keep giving us your information because we all learn from this.

  • NXC1978

    Anybody following CHIP?

  • YoungGunz

    No…I wouldn’t call it being berated. more like keeping you honest. If you admit yourself that it is not ideal and only looking for a small gain then you really should be listening to yourself and not playing it. You should only play it if you think it is an ideal play. You may go on just fine and make coin playing into patterns you yourself think are not ideal but you’ll regret it later if you get a string of them that don’t go your way. Even traders that are wrong 90% of the time can still make money with loss control. However, when you’re playing a high amount of non-ideal, small chance of profit, trades you’re stacking the odds against you of being able to make up for the bad trades with good trades and still get a profit.

  • bigjimstradingpost

    Good jump in on ZOLT…
    I expect a couple dollar gain by end of week.
    I beleive just the opposite about the numbers. Number will be better than .27 and there was a serious shake out under way to stop out and shake out the weak hands.

  • bigjimstradingpost

    AdamN,
    Don’t sweat it. You are being berated by a trailer park wanna be. Do you honestly think that a serious financial “professional” would use the kind of language and mannerism’s you are subjected to by our faithful leader?

  • Ross

    I sold 200 shares of Zolt @ 18.81 with a 50 cent plus gain and put $87 in my pocket after trade costs. I didn’t want to get too greedy and wanted to be liquid for the next Sykes trade alert.

  • bigjimstradingpost

    Well done Ross. Take a peak at SOLR…

  • merbman427

    Will ZYXI ever stop going up?

  • Ross

    Thank Jim

    I have been watching SOLR. Lawsuit was filed. What’s your thoughts? Looks like it may keep going down for a bit.

    I was also looking @ STKL. A friend of mine just went long @ 5.98

  • lamecoder

    Anybody here watch gold. Its really tanking. DZZ is a good way to trade it if you think it is going down.

  • skeen

    have you guys seen CCMJ?

  • yaktipper

    Just got done talking to a guy that saw a message board post of mine, who had some inside info on a company, which if it is true I should immediately act on it. He sounded legit. Is this guy from some mafia boiler room? Do you guys ever have weird things that like happen?

  • bestdeception

    Yak, what’s in it for him by telling you this info?? If there’s nothing in it for him, he’s trying to profit by you somehow.

  • prognesubis

    In ZOLT for $18.50. Going lower.

  • yaktipper

    He sounded like a nice old retired guy.

  • be-the-ball

    jesus yak, are you kidding or what?

    just give ME your money and I will go buy some booze and whores with it.

  • YoungGunz

    Man when did everyone get all sensitive and high and mighty after hearing someone throw out an f-bomb or two.

  • Reaper

    BTB — not booze. Always get cocaine with the hookers. Sheesh.

    Still short GFET. I like it for a gap down tomorrow.

  • evanmost

    Wow…NOBL is crumbling. Down to 4.79. Hopefully nobody still has this.

  • YoungGunz

    Yak be careful and make sure to always wear your shades when a pumper emails you and shows his shiny polished turd. The glare can blind you but no matter how shiny it is its still a turd. If it’s chart shows a breakout just like any other company you’d be looking at go ahead and ride it up but I would be more inclined to watch and wait for it to decay and crumble.

  • bigjimstradingpost

    Zoltek shares drop on negative RBC note
    Monday August 11, 3:43 pm ET
    Zoltek shares fall sharply after RBC says earnings could miss Wall Street estimate

    HOUSTON (AP) — Shares of Zoltek Cos. fell sharply Monday after an RBC Capital Markets analyst said the carbon-fiber maker’s fiscal third-quarter earnings could miss Wall Street estimates, and that the company could lower its forecasts.

    Shares fell $2.87, or 13.6 percent, to $18.22 in afternoon trading. The stock earlier set a new year low of $17.75, after trading in a 52-week range of $20.14 to $51.77.

    In a note, RBC Capital Markets analyst Stuart Bush said “significant margin compression” could lead Zoltek’s per-share earnings to come in 5 cents to 6 cents below the current Wall Street forecast of 27 cents a share.

    Bush cited a roughly 12 percent to 14 percent rise in raw materials costs in the most-recent quarter.

    Because fiber contracts are negotiated once a year, Bush said, Zoltek’s ability to pass through those costs to clients is limited.

    Bush said he also expects the company to lower its fourth-quarter and fiscal 2009 estimates in part from the delay of wind-related contracts.

    Bush’s price target for Zoltek is $28. One risk to that price is a sustained decline in energy prices that affect the global wind market, Bush said.

    In a recorded message, a Zoltek representative said that Monday was the deadline for the company to make its fiscal third-quarter 10-Q filing with the Securities and Exchange Commission, and earnings could be issued “around that same timeframe.”

  • evanmost

    I don’t trust anybody with the last name “Bush”…

  • bigjimstradingpost

    Zoltek shares drop on negative RBC note
    Monday August 11, 3:43 pm ET
    Zoltek shares fall sharply after RBC says earnings could miss Wall Street estimate

    HOUSTON (AP) — Shares of Zoltek Cos. fell sharply Monday after an RBC Capital Markets analyst said the carbon-fiber maker’s fiscal third-quarter earnings could miss Wall Street estimates, and that the company could lower its forecasts.
    ADVERTISEMENT

    Shares fell $2.87, or 13.6 percent, to $18.22 in afternoon trading. The stock earlier set a new year low of $17.75, after trading in a 52-week range of $20.14 to $51.77.

    In a note, RBC Capital Markets analyst Stuart Bush said “significant margin compression” could lead Zoltek’s per-share earnings to come in 5 cents to 6 cents below the current Wall Street forecast of 27 cents a share.

    Bush cited a roughly 12 percent to 14 percent rise in raw materials costs in the most-recent quarter.

    Because fiber contracts are negotiated once a year, Bush said, Zoltek’s ability to pass through those costs to clients is limited.

    Bush said he also expects the company to lower its fourth-quarter and fiscal 2009 estimates in part from the delay of wind-related contracts.

    Bush’s price target for Zoltek is $28. One risk to that price is a sustained decline in energy prices that affect the global wind market, Bush said.

    In a recorded message, a Zoltek representative said that Monday was the deadline for the company to make its fiscal third-quarter 10-Q filing with the Securities and Exchange Commission, and earnings could be issued “around that same timeframe.”

  • prognesubis

    Yaktipper, You are right. HUBA! HUBA! I am waiting for God to post like everybody else.

  • Getshorty

    I am studying the japanese candlestick techniques and can’t make my mind whether last three days of MHGC are either three white soldiers or a stalling pattern. Anybody versed in candlesticks can give me a hand?

    FOr me it looks like three white soldiers but wasn’t that impressed by today’s close.

    Anybody?

  • kelvin

    is it time to short nobl ?

  • adairjm

    lamecoder,

    I didn’t short Gold, but have been buying the dollar recently (UUP). Good buy, IMHO…all indications are that it’s bottomed.

  • bigjimstradingpost

    While it’s a debatable issue, it’s quite possible that carbon fiber is the greatest stuff on Earth! Carbon fiber has tensile strength roughly four times greater than steel despite having a much lighter weight. It is used in many applications ranging from wind turbines to aircraft brakes to bicycles. Over the next few decades, it is almost inevitable that its use will be expanded into even more products. Given the great growth prospects, it makes sense to take a look one of the companies most primed for growth in the industry: low-cost carbon fiber producer Zoltek (ZOLT)

    Zoltek has a handful of competitors in the carbon fiber market including Hexcel (HXL), Cytek Industries (CYT), and Mitsubishi Rayon (MRYNF.PK); however, most of the competition produces higher-cost carbon fiber primarily used in the aerospace industry. German-based SGL Carbon is ZOLT’s major competitor in the lower-cost commercial carbon fiber market. While ZOLT does not have a monopoly, it does have a strong market position in an industry with some significant entry barriers.

    In comparison with SGL Carbon, Zoltek actually fares very well and would appear to have significantly better operating margins. An average of the most recent six quarters for Zoltek yields an operating margin of 14.9% and the range has been between roughly 10 and18%.

    It’s difficult to make a precise comparison to SGL since I only have EBITDA and EBIT figures for the company’s carbon fiber segment; the former should yield results that are too favorable and the latter should yield results that are too unfavorable, so the real number lies between the two. If we use EBITDA, SGL has margins in the 9-10% range in its most recent quarters. If we use EBIT, then SGL’s operating margins are closer to 4-5%; thus, I’d estimate its operating margin is in the 6-7% range when using similar metrics such as the ones with which I evaluated ZOLT.

    On top of producing carbon fiber, Zoltek also makes technical fiber, which is used in flame and heat-resistant applications such as aircraft brakes. While carbon fiber accounted for about 84.4% of Zoltek’s sales in the most recent quarter, technical fiber only accounted for 13.2%. Carbon fiber, on average, produces higher margins for ZOLT than technical fiber; over the course of the past year, the gross margin for carbon fiber has been around 29.6% and 22.5% for technical fiber. Carbon fiber sales grew roughly 10.7% per quarter compared to 6.1% for technical fiber.

    At the helm of Zoltek is CEO Zsolt Rumy who built the company from the ground up in 1975 and currently holds roughly a quarter of ZOLT’s shares. Zsolt is an interesting character to say the least. Reading through the 1st Quarter earnings call was pure entertainment. One gets the sense that Zsolt Rumy is annoyed by some of the analysts and possibly even his own customers. Some might view Zsolt as a bit of a curmudgeon, but sometimes having an old stubborn curmudgeon at the top isn’t such a bad thing.

    Zoltek’s stock has been beaten down this year as it traded around $42 in early January and now sells in the $20-23 range. Given the huge interest in wind power, one might find this surprising; however, the company has failed to meet expectations in a few quarters and has had to deal with the fallout from certain accounting issues. Indeed, in May, CFO Kevin Schott resigned from the company after misstatements were uncovered in prior period results.

    As a result, Andrew Whipple was hired on as the new CFO. The market wasn’t overly thrilled by the accounting issues and punished the stock accordingly. Was the market overreacting? Apparently, traders came to that conclusion for a brief while as the stock priced suddenly soared back up to $32 in June before retreating back to the $20-25 range.

    Many people jumping on the ZOLT bandwagon are looking for investments related to wind energy. Given Zoltek’s market position as a leader in providing carbon fiber to the wind power industry; this is certainly a good company to look into if you agree with T. Boone Pickens on the proposition that wind can be “the future” of American energy production.

    However, even if you have a more neutral outlook on wind energy, Zoltek still might not be a bad bet. First off, keep in mind that even if wind power does not take off in the next few years, Zoltek is in a safer position on the production chain as it merely sells carbon fiber to wind turbine manufacturers.

    There is also a lot of potential for carbon fiber in future applications. Zoltek details a few in its annual report including super-fuel efficient cars, deep-sea exploration and drilling, and construction and infrastructure. I don’t necessarily know that the list ends there, either. Given the enormous advantages of carbon fiber, I’d surmise that its usage will continue to grow in more and more application further into the future.

    So all in all, this might not be a bad investment even if you are not bullish on wind. As for me, I’m with Boone, and that makes ZOLT an even more intriguing prospect to me. Of course, just because I’m bullish on a particular industry does not mean that price and fundamentals do not matter. Zoltek has traded in the $20-23 range in the past few weeks and I will examine how good of a buy the stock looks at that price point.

    The Forecasts

    In order to forecast ZOLT’s future prospects, I came up with a number of possible scenarios. As with any company, there are always some difficulties with forecasting. I like delving through the annual reports to try to get a sense of where those inside the company believe it is heading. In ZOLT’s 10-K and 1st Quarter earnings call, Zsolt Rumy gave a few revenue and cost goals for the company; suggesting that he would like to see ZOLT at $225-250 million revenues for 2008, roughly $337.5 million for 2009 (a 50% increase from the prior year), and $500 million revenues for 2010. It is unclear to me whether this was a high-end “goal” or a more cautious projection. Zsolt goes on to suggest he would like to see the company achieve 34-35% gross margins by the end of 2010.

    I also took a look at what a few other analysts thought and revenue projections for ’08 seem to go between $202-221 million. Projections for ’09 seem to be anywhere from $291-321 million. I did not see any figures for 2010. I’m going to take a similar path and use Zsolt’s guidance as a “high-end goal”. We already have the results for the first half of 2008 (ZOLT made 13 cents per share for Q2 and 8 cents per share for Q1) so we need to only forecast the second half. At the end of each forecast, I have decided to use a 20-25 P/E ratio in order to try to determine a price range at the end of FY 2010.

    Steady Assumptions

    Due to the inherent difficulties in trying to ascertain a pattern for certain expenses (not related to gross or operating margins), I have made a few steady assumptions for all the scenarios. ZOLT’s net interest income for Q2 of 2008 was $473,000. This was a decrease from $514K the previous quarter, and $544K from Q4 of 2007. I start my forecast at $450K for Q3 ’08 and decrease the number by $50K for each successive quarter till it drops to $0 in Q4 of 2010.

    Amortization of Financing is a particularly difficult number to ascertain. For FY ’07, the expense was $9.8 million, a significant decrease from $16.5 million in FY ’06. The expense appears to taper off more in ’08, so I have projected a $2 million amortization charge for each quarter ($8 million for the year) through the entire forecast. This would appear to be a bit conservative, but it is difficult to tell for certain.

    “Other expense” is also difficult to make a guess at since there is no discernible pattern and there could be numerous different expense and income items lumped in there. I play it conservatively and project $300,000 for each quarter in FY ’08, $400K in ’09, and $600K in ’10. I also notice that there is a trend of greater share dilution over time so I increase the number of outstanding shares by 1 million for each quarter.

    One more minor note; I noticed that Zoltek’s SG&A expenses tend to higher in the 1st Quarter each year. According to Zsolt Rumy, this is due to higher costs incurred during the winter season. Based on this, I decide

  • bestdeception

    That’s a little bit ridiculous. Timmy, do you not have a word limit per post?? I suggest that you get one. Big Jim, did you really think anyone would read that? I wasted 4 seconds of my life just scrolling to the bottom of that. This isn’t a pump and dump site, so please leave ZOLT out of it. I for one am sick and tired of reading your ZOLT pumps.

  • http://www.test.timothysykes.com timothysykes

    yes adam. u got the aim small miss small part down, now u just gotta stick to ideal plays…def. post your non-ideal plays and i’ll continue berating u and u’ll suck it up cuz u and some other people here need to grow thicker skin. this is battlefield when u stick your head in the line of enemy fire and i clothesline u to keep u alive and u start crying u’ll know its time to go AWOL. its perfectly fine to have a lot of plays, thats just not how i got rich nor is what i teach—on ideal plays i’ll trade a ton, otherwise i sit and wait

  • http://www.test.timothysykes.com timothysykes

    and understand i dont just sit and wait cuz its in my profit interest to do so–this “time off” is a good thing to live life, u need balance

  • Ross

    Hey Jim,

    Thanks for the info on Zolt.

  • Ross

    I am posting in the stocks in play on Tim forum RE: ZOLT so we don’t step on others who are not interested. After hours it is down to $17.50 now. I didn’t realize we don’t get Tim Bucks here for posting. ;)

  • YoungGunz

    Christ Jim! Learn to use a damn link. I when I see a post that long I don’t even bother reading it.

  • prognesubis

    Jim,great DD. I am not so depressed any more.

  • TonyEllis

    Solars are strong AH with LDK earnings. EVSO will be one to watch tomorrow. Got to be very careful, Solars haven’t been holding gains at all. This has been the most boring month or so ever. I have to fight to stay awake some days.

  • AdamN

    My skin is thick enough to take whatever you want to throw at me Tim. You just sounded like you didn’t even wanted to be bothered with my post. I still stick by my trade earlier, whether or not it turns out to be profitable (so far it has).

    And just to be clear, I have no quarrels with your lack of plays lately. I signed up for TimAlerts because you are picky and only play stocks that are ideal to your methods (your returns prove that). I don’t attempt to trade just to trade, in fact, I’ve only made 2 trades so far this month. If you’ve been watching Covestor at all recently I’m currently ranked 13th in Annualized Rankings after just two months since signing up and following your methods. My goal is to stay within the top 10.

  • Getshorty

    Did anybody saw the three white soldiers in MHGC or in CSAR ?

    Independently from these being or not pumps and dumps,aren

  • Ross

    I have absolutely no problem with Tim’s mental spankings. I am a newbie and need to broke in. LOL!!

  • TonyEllis

    MHGC looks like strong resistance @ $18 and CSAR looks like $2.40ish

  • Getshorty

    THKS Tony !

  • TonyEllis

    Getshorty…that’s definitely not an endorsement of those trades. Both seem to have a lot downside for not that much upside. I’m not an expert but those levels would seem to be where selling pressure would occur if not sooner. I just looked at the charts have know knowledge about the companies.

  • Getshorty

    Don’t worry Tony, I Got it, looks like I screwed on the risk reward ratio, but at least I am learning some technicals. Would have to combine it with weighting the benefits vs the risk next time. Hope I can get out tomorrow with little harm. I am seriously considering just giving up trading for a few days and just keep on researching plays.

    It is happening to me that once I am in a trade I focus so much on the action of the stocks on which I am invested that I miss other opportunities. Got to fix that.

  • Getshorty

    Somebody bought 167 900 shares of MHGC after hours at $17.00. This should help to hold the open.

  • Cashiuus

    Side note to the TA of MHGC, each time its RSI indication was over 70, it showed a pullback for 1-3 weeks, I wouldn’t completely disregard the trade, but I’d note that as a strike against it. Also, like Tony said, this thing’s got spiking volume without any real solid basing (Feb.-May was a nice attempt) but it reacted with the market and fell from pattern. Add that to the overbought indication and I’d prefer to go elsewhere.

  • TonyEllis

    Getshorty…Sorry for dissing your stock. Hell with my trades lately it will probably go straight to $20. JUst take whatever profit you can get and cut any loss immediately

  • Reaper

    Oh, so now we’re posting here after-hours? Timmay, I think you should restrict posts from new members … I have no urge to read through so much dreck to find so little of value.

    And does no one want to discuss what I consider the one decent trade today of shorting GFET.pk? This is much better than ZOLT or MHGC. Both Mike_13th and I consider it a good risk/reward and got in on it this morning and are holding it overnight. Still plenty of shares available to short at IB.

  • http://www.test.timothysykes.com timothysykes

    theres gonna need to be a TIMveterans.com website cuz the newbies are just morons who waste precious time….welcome to my life buddy

  • yaktipper

    Life is getting surreal today. Covestor interviewed me today for their weekly interview. The interview is sure to be laughable since I have no finance background and no investment advice.

    Then I talked to a mysterious guy over the phone who claimed to have insider info, none of which I will repeat. He tracked me down through a message board, and thought I had more info to add to his arsenal. 99.9% chance he was full of shit whether he knew it or not.

  • TonyEllis

    Tim Do you think DEPO is worth watching? Doesn’t look exciting but closed at 52wk today and has 5 million short with 200k average volume. Probably a gradual squeezer/riser but I’m not coming up with much right now.

  • Ross

    Sorry for posting too much, I am just trying to get a feel for the community. I will try and stay on topic or post in the other forum and keep quiet.

  • http://www.test.timothysykes.com timothysykes

    nah resistance on DEPO everywhere, boooring

  • http://www.test.timothysykes.com timothysykes

    ross, never apologize for posting too much, questions are good, we traders are just cranky bitches

  • TonyEllis

    Maybe one day I’ll come up with something good…patience is key right now