CHATROOM

Trust Traders To Try To Tolerate This Trivial Thursday

November 29, 2007 at 3:59 pm
by Timothy Sykes

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

TIM $14,060 (down $64 on the day)

Wow, I’m Really Getting Nowhere Fast And That’s OK! (Patience Is Goooooood)

Oh how I wish there would be a smallcap exponential gainer so you guys could see how fun this stuff can really be. But there’s nothing much on the horizon—I m

issed 3 hours today due to a photo shoot (yeah, get excited for the spread in early 2008) and when I came back, it was as if I’d never left.

QSC —some nice strength today on new CEO news. Probly shoulda bought for the probable gap up (since the stock got rid of a lot of weak hands by dipping mid-day), but I just don’t trust stocks up 600% in a few weeks. And it’s AMEX. And I’m gonna bank shorting it one day!

BIDZ —boooooooring! It’s more exciting to see whether or not StockLemon.com ’s website will be up and running during any given hour.

10 Smallcaps Ready To Rebound—3 for 10 are higher today, I should stick to shorting!

ASTI , TBSI , SSRX , XOMA —all spiking nicely off gradual downtrending charts, c’mon keep it up and if you fold gradually, I’m gonna short ya!

GLUU and PEIX —spiking off their lows, PEIX will probly tank too fast, but hopefully GLUU can keep surging (maybe it’s a bottom! LOL—nooooot! ) C’mon who puts two Us in a row in their ticker. Management should’ve anticipated how badly their stock would perform and used a more appropriate ticker like GLUM

TIVO —breakout, breakout, it’s the first of the monthhhhhhh, or maybe not. Put on watchlist.

ASHW —still holding my 700 shares short into this incredibly strong stock (uh oh, down 14 cents/share am I!!! Should I panic?!?!?!?! No. I’ll have a full write-up on this one later tonight.

TIM’s still short ASHW, the other tickers just represent potential prey

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  • YoungGunz

    Trying to get my reserves in on the live chat and its not assigning me to any brokers. hopefully its just a friday thing and theres just not as many. Been a couple minutes already though. Makes me think somethings broken.

  • MattH

    Yea it was slower this morning. Reserved 1000 STXX.

  • YoungGunz

    Finally got a response and couldn’t get NCEN but got STXX. If there aren’t a lot of short able to get NCEN its probably not going to tank far anyways. Holy crap I finally looked at a long term chart of RHD. They were $64 at the end of 2007 and fell all the way to $1.40. Talk about a fall from grace. WTF happened? I’d think the bitter shareholders in that sucker would have been long gone that or this litte +$2 rise is peanuts compaired to what they’ve lost there there still isn’t a point in dumping share over it.

  • notesguy88

    Got some STXX too. Let’s see how it goes today.

  • patelt78

    Got some STXX also

  • Reaper

    no problem getting STXX at TOS. 15k shares at IB,

  • kusumo

    400 shares of STXX left at TOS.

  • YoungGunz

    STXX message board is all just full of get rich quick spammers. Not any talk about their spike yesterday.

  • YoungGunz

    This sucker is gunna get slammed with shorts if it goes into any ideal pattern.

  • Lance03

    what board are we on today?

  • TomT

    got any room going here?

  • Lance03

    I think today will be a big down day. Good for red thumbs.

  • Gertsomething

    How do you reserve shares with IB?

  • notesguy88

    How about we use the same room as yesterday? #DeadCatBounce.

  • notesguy88

    Alright folks, some of us are at #DeadCatBounce.

    http://www.mibbit.com

    Select IRC: MOZILLA.ORG

    Channel: #DEADCATBOUNCE

  • yaktipper

    I’m thinking overall market selloff on a low volume day.

  • YoungGunz

    fuck went to chat with someone for breakfast and missed the stxx dump!

  • yaktipper

    very fast dump, did anyone get it?

  • AdamN

    Shorted STXX @ 3.25. Dropped too quick and spread to large to get out below $3. Still holding to see where it goes.

  • kaim2196

    gah.. it’s time to scrap zecco. I really wanted STXX more than anything. Instead I shorted AVGN. haha

  • KetchupThief

    I shorted STXX and took a safe gain of 8%. I’ll take that any day!

  • AdamN

    Also, covered my short on STSI, only took a small $100 loss. Yes Tim, once again you were right, but thankfully I got out quick enough before it turned into a much bigger loss.

  • patelt78

    shorted 1000 shares of STXX. craaaaazy spread and volatility. Shorted at 3.35 and covered at 3.13. I wish I had at least waited for 3.00 before covering. Oh well, it was just too scary in terms of volatility. Took the safe gain of $220.

  • Reaper

    Made $60 on 15k share position in WEGI, which covers my $50 loss in COMV. Made a bit ($871) catching the STXX morning panic. Would have made more but I had too big of a position and moved the market.

  • Rus

    Looks like NYNY unable to breakout

  • AdamN

    STXX all over the place. Anyone still holding out?

  • be-the-ball

    reaper, when i grow up I want to have a huge account just like you. then i want to reference that huge account in every post. it is so cool

  • Reaper

    BTB – It didn’t take much to move STXX this morning … way illiquid.

  • be-the-ball

    i know reaper, i was just kidding ya, boring week here

  • WatchFrog08

    What’s everyone doing for the 3 day weekend?

  • Reaper

    Not too boring … I did okay on MITI and today on STXX.

  • Slayer

    BTIM is breaking out

  • Getshorty

    Good jobon STXX, I couldn’t have payed it myself, against my book (the book I have so far, not written in stone. Big crap to $3.20 on the first 10 minutes, have been hurt by fake outs in the morning so many times.

    How you decided to go for it??

    Also is a Oil play (on which I have been burned as well)

    Shorted my yesterday MITI position breaking almost evem (less some commissions) Closed my COMV position at 6.60 a pretty decent gain.

    Feedback on how you decided to went for STXX will be greatly appreciated.

  • Getshorty

    We are already in the afternoon and RHD is still on the red for the day……. shorting it anybody?

  • Getshorty

    CHFI brutal spread

  • Getshorty

    IF RHD breaks down now, the risk of a fakeout are pretty small

  • Getshorty

    Never mind, just talking to myself you chatroom junkies.

  • Getshorty

    COMV may be about to take the LOD

  • Getshorty

    If somebody responds within 1 minute after this post this, he or she will receive for free a copy of the
    “Japanese Candlestick charting techniques book”

  • mapiguy

    whooohoho :)

  • Getshorty

    DAMN !!!!

    ok, send me your email

  • Getshorty

    RHD not breaking down, but not bouncing, if it closes on the red will go to the weekend with a small short position.

    mapiguy, send me your email an will send you the pdf. If you don’t like to publish your email or something create a temporary one.

  • yaktipper

    RHD is looking good for a breakdown now. The only question mark is — this is the day before a holiday weekend so volume was going to be skewed. Is the holiday faking it out!?

  • Getshorty

    hard one yak.

    But I think Tuesday traders will see the first down day, and will be scared that others see the red day and may try to sell in advance. just my guess-wishful-thinking

  • yaktipper

    Maybe a little RHD bouncy bouncy before the close? Wouldn’t take much to finish green. Kindy scary.

  • Getshorty

    RHD is fighting back, longs don’t want to leave a trace of blood……. MOMMY !!!!!!

  • Getshorty

    so much for the RHD bounce.

  • Getshorty

    This close is going to be a slam on the face of the RHD Bulls

    http://bigpicture.typepad.com/photos/uncategorized/2008/01/29/bear_bull.png

  • mapiguy
  • Getshorty

    Couldn’t help it, went to the weekend with 200 shares short of COMV and 400 shares short of RHD. Pretty weak closes. Small position, want to relax during the weekend

  • Getshorty

    There you go Mapi

  • Reaper

    Short STXX over the weekend. A bit of tape-painting by longs at the end. I feel good about it.

  • AdamN

    Same here, holding STXX short over the weekend. I think this will continue downward next week.

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

    thought bout shorting some STXX into the close, didnt pull, too illiquid for TIMalert subscribers…also watching RHD and TAYD for potential shorts next week

  • Reaper

    yeah, STXX would’ve tanked 75 cents if all the TimAlerters shorted it at once …

  • Mark

    Short 1700 RHD at 3.89. Same old story…failing company, up 100% in about a week, spiked in the morning, down slighty in the afternoon, first day down… They usually tumble from here. Next stop $3.

  • YoungGunz

    Yeah i pulled a fucktard trade on STXX. I was getting coffee with my co-workers and came back around 8:45 and saw it was tanking. I was watching it at 3.15 then it started to crack and i chased it to 2.81 and shorted. it recovered like 1 min after and i was already down. it dipped one more time and i thought i was in the clear then it bounces back again to 3.20. I watched it and chewed myself out for basically getting the worse timed entry ever. it popped to 3.60 and started retracing and i paniced and cover around 3.40. Thats what i get for being a scared little bitch. Would have only had a small loss into the close if I didn’t puss out. Oh well live and learn. That one took out over half of my earnings though. stings a little but hope to come back strong next week.

  • yaktipper

    I was going to go long on TAYD at 7.40, still had it on my watchlist — wasn’t that a Superman pick? Would’ve been 12% gain in 1 day. I’m too chicken.

  • yaktipper

    For those here that use CAPS, do you get any useful short-term information out of the screener? I don’t see how you can with many people making their picks and not updating them constantly. Some are years old, while the companies have often changed dramatically. I see companies like Oshkosh Truck rated 5 stars when obviously they have gone wayyyyyyy downhill and should be more like 2 stars. I’m starting to think they should call it CRAPS. Or you see 5 star stocks in a depressed industry like silicon chips — or automakers rated 5 stars in a recession. That is truly crap.

  • YoungGunz

    Yeah there are too many people posting on there that haven’t traded a stock in their life just playing the CAPS game. They really need to clear out the ratings that are old. You’re suppose to state for how long your choice is supposed to last but they don’t clear it off once that amount of time passes.