CHATROOM

Took A Half Position In MOS Here At $72.15

January 23, 2008 at 11:26 am
by Timothy Sykes

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Bought 60 shares at $72.15. We got some nice mid-day panicky action here and even though it’s holding near its lows, I can’t help but think this is a double bottom in the $71-$72 range. If it cracks $71, I’ll sell, but I think this can surge to $75-$77 pretty easily if the market tries to make an afternoon rebound. We’ll see, definitely not a perfect play, by any means, and that’s why it’s only a half position…

UPDATE: Sold my 60 shares at $73.24, a nice $60 gain, as much as I’d like to stay in this longer, I don’t trust this market, this isn’t a perfect pattern and well, this isn’t an ideal play because due to my limited reserves, I can’t take a very big position. C’mon gimme some low priced low floater claiming to be able to monetize cloning–now that I would load up on!

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

    and those of u complaining the alert took too long, it didnt matter if it was instantaneous, the stock was dropping faaaast, u need to learn my damn strategy so u can short before i do, i even missed some ideal entries in the $3 range, this isnt rocket science, short the crap company when it spikes too quickly

  • kelvin

    I have no email tim

  • Natski

    Being a newbie I didn’t put in as much as I should have…short 130 @ $3.17, covered @ $2.14. Up ~$100 after fees!

  • thebabyfacedtrader

    That one dropped way to fast for me. Hoping to pounce on GGP or BEE later.

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

    good kelvin, i should probly take away the emails to make u morons learn this stuff for yourselves

  • spirosu

    I’m looking at BEE too, looks prime for a drop if it doesn’t hold that $4 level.

  • notesguy88

    Shorted 300 shares EVC for a $300 profit. Recouped my $200 loss from HSNI yesterday and I’m up for the week. :-)

  • YoungGunz

    don’t get bent out of shape cuz people are telling you that your emails are getting delayed more and more. Its called feedback. It’s not your fault. Its a problem with haveing to send 700 plus emails at once. Keep focusing on your chat system you and Pallian are working on. From what you described on how it works it will fix a lot of the issues.

  • Peter Piombo

    anyone like LAD ? short

  • jb

    newbie here, first short! hsni at 7.68 and holding, what ya think tim or reaper?

  • Reaper

    LAD up on earnings.

  • Peter Piombo

    Thx REAP

  • prognesubis

    jb Short HSNI @ 7.73, looks good so far @ 7.46. Have 4% stop set.

  • jb

    PROGNESUBIS-appriciate the feedback! won’t forget it. thanx

  • Yngvai

    Nice play on EVC. I got scared away by the big bid/ask spread. Too bad, no guts no glory.

  • prognesubis

    jb HSNI stoped out 7.72, loss .01per share.

  • Derrick

    TIM – How about VIP short?

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

    i dont give a crap about VIP…hows that HSNI short workin out for u hyenas? u just cant learn to wait for red on the day before shorting, can u?

  • Peter Piombo

    I am still on the sidelines with hsni….. forget about it?….or wait for a small run up?

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

    dont touch hsni, could/should squeeze these dumb stubborn shorts tomorrow

  • Attack987

    damn, i havent seen a tride and true supernova since SIL. this sitting and waiting stuff is hard.

  • Attack987

    one that spikes stubborn shorts in the morning, fades to red in the afternoon, and makes a nice overnight gap down. seems like those days were a long time ago.

  • prognesubis

    Attack987, Supernovas fallow Hailey’s Comet.

  • prognesubis

    follow

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

    u could spend your whole life waiting for a perfect supernova and it would not be a wasted life

  • Attack987

    LOL!

  • Derrick

    Tim – what made you short EVC as opposed to the others on your list? Looking at the 5 min chart the thing dropped pretty much from the open.

  • bdog9seclx

    would anyone mind to give me some quick advice with TOS I want to reserve some DIN shares I know to set a limit well over the price its at now any suggestions on a good limit? and this is first trade with them any tips or advice on my first execution?

    Thanks

    I dont want to drill holes in my raquet ya dig

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

    EVC was up 160% in 30 minutes yesterday on only 100k volume and no news, it was begging to drop big today

  • Bud Fox

    Tim,

    I just sign in – I have a full time job and work 14 hrs a day – my concern is if Im going to be able to follow you – Since I cannot watch entries and exit points within the day – any thoughts?

  • be-the-ball

    cancel Bud

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

    bud, u’ll have to wait for plays where its okay, actually better, to hold for days/weeks, stuff like SIL

  • Tom

    Yeah bud – wait for longer swing plays and make sure to set intelligent stops and limits