TIM $14,581, Up $172 on the Day, No Positions
SEED, COIN and TITN These 3 Ag Stocks are the New Solars (solars suck now!)
TIM Lesson: Only the first and last HALF HOUR of the trading day matter, read on…
Even though I was right about buying TITN at $16.28, I was too early (3pm-ish) and a 50 cent drop spooked me into selling for a $80ish loss. Stock didn’t breakout till the last 20 minutes hence today’s Tim Lesson. Gotta wait for the breakout, don’t just buy at random times, you’ll get spooked (if you’re disciplined enough to take losses quickly).
COIN and SEED also spiked the last half hour (TIM’s lesson is really good), I got in on SEED, buying 400 shares at $10.27 because the volume was surging and short squeezes on a Friday afternoon are common, but my limit order on COIN missed $8.20 as the stock surged too quickly. Sold my 400 SEED at $10.73 because I didn’t like how quick it was spiking, even though it was a confirmed breakout. Stock is at $11.30 ($250ish more in profits if I had the least bit of patience) after-hours, serving me right for being a baby and taking $180ish profits.
TIM Lesson: Never underestimate the power of Friday afternoon short squeezes.
Noticed TITN was also spiking, so I wanted to get in on that probable $1-$2 gapper, so I put in an order for 200 shares, limit of $16.70, just above the current price. I was surprised to see that limit order instead bought 200 of COIN at $8.46. I had stupidly updated my already open COIN order and changed the limit to double its current price?!?!?!?!?!
TIM Lesson: Be very careful when entering orders, you’re playing with real money and if there’s multiple stocks in play, it can get confusing very quickly.
What a ridiculous mistake, but it turns out to be profitable since COIN finished at $8.70, even if I only do have 200 shares. Sold those after-hours at $8.92 for another $100ish gain.
I don’t care if signs point to higher prices on Monday for these 3 stocks, we could be in for a panic and then no stock will be up. Better safe than sorry and even with all my mistakes, TIM is near all-time highs, up about $500 this week.
Latest example of why you should never trust anything a CEO says.
DYII, AMPX, LULU, UEIC all failed miserably to gap up, good non-buys—never trust stocks with poor/iffy closes in a bear market to gap higher.
LULU, TLEO, CNQR, UEIC, BEAV, SIGM, TSCM, Never trust your ability to catch falling knives.
CFC gets acquired for less than yesterday’s closing price—never trust Wall Street/media speculation about buyouts!
PFCB raised guidance, it’ll be interesting to see how this dose of optimism interacts with its overwhelmingly bearish chart.
TheLion.com’s Wall Street Pit got EPG up in the morning, nice call SuperHombre!
Missed easy CPHD breakout, gotta check my breakouts closer.
Posted in TIM Lessons