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How To Short Sell Penny Stocks: It Don’t Get Much Better Than This

April 9, 2008 at 3:38 pm
by timothysykes

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  • timsykes

    i dont like how well this is holding 4.40, its like the cake doesnt want to be baked!

  • timsykes

    i dont like how well this is holding 4.40, its like the cake doesnt want to be baked!

  • What Bubba Wants To Know

    Hey, how far do you expect this to fall? It might be a worthwhile short if it goes back to where it came from.

  • What Bubba Wants To Know

    Hey, how far do you expect this to fall? It might be a worthwhile short if it goes back to where it came from.

  • timsykes

    gotta take out 2-day support in the $4.35-$4.45 range, but if that happens, u could/should get a morning panic taking out stop losses at $4…i aim to cover in the mid 3s

  • timsykes

    gotta take out 2-day support in the $4.35-$4.45 range, but if that happens, u could/should get a morning panic taking out stop losses at $4…i aim to cover in the mid 3s

  • t-digg

    I am out PSTI, I have played this thing the last two days, made a killing, will play it again in the morning when it spikes on ya’ like it did to me today, (hey, were in different positions now) no just kidding this thing is going to fall and fall fast. Im in short when it spikes to 4.60-4.70 haha

  • t-digg

    I am out PSTI, I have played this thing the last two days, made a killing, will play it again in the morning when it spikes on ya’ like it did to me today, (hey, were in different positions now) no just kidding this thing is going to fall and fall fast. Im in short when it spikes to 4.60-4.70 haha

  • Dan-O

    How do you calculate the cover in the mid 3′s, isn’t the next support @ 4 ish? Is it just a safe distance from the most important support?

    Hell, I know you don’t use fibronacchi retracements (they don’t fucking work anyway).

  • Dan-O

    How do you calculate the cover in the mid 3′s, isn’t the next support @ 4 ish? Is it just a safe distance from the most important support?

    Hell, I know you don’t use fibronacchi retracements (they don’t fucking work anyway).

  • bryan

    Tim I dont think this one is in a Easy Bake Oven covered mine already from $4.82..I am listening to your advice take the .25 profits…cookies are done.

  • bryan

    Tim I dont think this one is in a Easy Bake Oven covered mine already from $4.82..I am listening to your advice take the .25 profits…cookies are done.

  • Val

    NEED ADVICE – what brokers do you all have that let you short these penny stocks? Ameritrade almost never lets me short these dogs, the only one I got successfully lately was USU. Any help would be greatly appreciated, thanks!

  • Val

    NEED ADVICE – what brokers do you all have that let you short these penny stocks? Ameritrade almost never lets me short these dogs, the only one I got successfully lately was USU. Any help would be greatly appreciated, thanks!

  • timsykes

    regulars: see what i mean about people too lazy to do any digging/research whatsoever and asking me the same questions over and over

    lazy guy:

    i use thinkorswim to short penny stocks, i suggest u try them out, here i’ll even give u a link

    http://www.thinkorswim.com/tos/client/index.jsp?srcCode=0907_02

  • timsykes

    regulars: see what i mean about people too lazy to do any digging/research whatsoever and asking me the same questions over and over

    lazy guy:

    i use thinkorswim to short penny stocks, i suggest u try them out, here i’ll even give u a link

    http://www.thinkorswim.com/tos/client/index.jsp?srcCode=0907_02

  • A

    Might help having an FAQ page.

  • A

    Might help having an FAQ page.

  • Troy

    Tim, you don’t need to be arrogant and insult others calling lazy. Do you remember your commitment to teach others though this whole TIM thing. You should make a page for FAQ to newbies rather than insulting telling them you have to repeatdly answer the same questions.

  • Troy

    Tim, you don’t need to be arrogant and insult others calling lazy. Do you remember your commitment to teach others though this whole TIM thing. You should make a page for FAQ to newbies rather than insulting telling them you have to repeatdly answer the same questions.

  • timsykes

    there is an FAQ at the bottom, there’s also a search button at the top, it’s not arrogance me calling people lazy, its annoyance…this site has pretty much all the trading info it will ever have, now its just time for me to update based on current plays

    Ps i’m be committed to teaching, i’m just not the boring mild mannered teacher u’re thinking of, i’m a f@#$en trader

  • timsykes

    there is an FAQ at the bottom, there’s also a search button at the top, it’s not arrogance me calling people lazy, its annoyance…this site has pretty much all the trading info it will ever have, now its just time for me to update based on current plays

    Ps i’m be committed to teaching, i’m just not the boring mild mannered teacher u’re thinking of, i’m a f@#$en trader

  • http://www.within49miles.com Anthony Brown

    If you can’t find the initiative to look for the information on this site, maybe this trading stuff isn’t right for you.

  • http://www.within49miles.com Anthony Brown

    If you can’t find the initiative to look for the information on this site, maybe this trading stuff isn’t right for you.

  • Val

    I’m not lazy OH ARROGANT ONE, I did a search and only found ThinkorSwim, I think they’re pricing is high. What a bunch of PRICKS

  • Val

    I’m not lazy OH ARROGANT ONE, I did a search and only found ThinkorSwim, I think they’re pricing is high. What a bunch of PRICKS

  • be-the-ball

    their pricing is cheaper than Ameritrade you moron!

  • be-the-ball

    their pricing is cheaper than Ameritrade you moron!

  • timsykes

    LOL Val, who cares about negligible commissions and fees, u wanna short penny stocks, u short em…have fun at scottrade, saving your $2/trade and missing out on multi-thousands of profits

  • timsykes

    LOL Val, who cares about negligible commissions and fees, u wanna short penny stocks, u short em…have fun at scottrade, saving your $2/trade and missing out on multi-thousands of profits

  • http://www.test.timothysykes.com/2008/04/10/easy-short-plays-short-selling-hyped-up-failing-but-spiking-biotechs-the-sequel/ Easy Short Plays: Short Selling Hyped Up Failing But Spiking Biotechs The Sequel | Timothy Sykes – Stock Trader, Author, Entrepreneur

    [...] night, I posted about how excited I was to short another failing biotech into a ridiculous [...]

  • http://www.test.timothysykes.com/2008/04/10/easy-short-plays-short-selling-hyped-up-failing-but-spiking-biotechs-the-sequel/ Easy Short Plays: Short Selling Hyped Up Failing But Spiking Biotechs The Sequel | Timothy Sykes – Stock Trader, Author, Entrepreneur

    [...] night, I posted about how excited I was to short another failing biotech into a ridiculous [...]

  • What Bubba Found Out

    Commissions? Nobody worries that nowadays, do they? Think of all the calls made to customers by brokers with ideas about what the coolest option manipulation/position would be for the customer’s account. Think about the commissions those customers are paying. I’d rather follow Cramer’s advice. Yow-Zah! Like the book says: if it’s named after a critter, it probably ain’t got much probability for profit (altho the potential may look good on paper). Yow-Zah!

    Windin’ and unwindin’ keeps the old watch runnin’, don’t it?

  • What Bubba Found Out

    Commissions? Nobody worries that nowadays, do they? Think of all the calls made to customers by brokers with ideas about what the coolest option manipulation/position would be for the customer’s account. Think about the commissions those customers are paying. I’d rather follow Cramer’s advice. Yow-Zah! Like the book says: if it’s named after a critter, it probably ain’t got much probability for profit (altho the potential may look good on paper). Yow-Zah!

    Windin’ and unwindin’ keeps the old watch runnin’, don’t it?

  • http://www.test.timothysykes.com/2008/04/11/short-selling-penny-stocks-decent-profits-but-the-mistakes-remain/ Short Selling Penny Stocks: Decent Profits But The Mistakes Remain | Timothy Sykes – Stock Trader, Author, Entrepreneur

    [...] Wednesday, when I posted this article predicting a 25% drop in (PSTI), I thought it’d be over and done with by Thursday. But that [...]

  • http://www.test.timothysykes.com/2008/04/11/short-selling-penny-stocks-decent-profits-but-the-mistakes-remain/ Short Selling Penny Stocks: Decent Profits But The Mistakes Remain | Timothy Sykes – Stock Trader, Author, Entrepreneur

    [...] Wednesday, when I posted this article predicting a 25% drop in (PSTI), I thought it’d be over and done with by Thursday. But that [...]

  • Julia

    Tim,
    what trading platform do you use.
    You had mentioned trading station.
    I contacted them, and they do not short
    penny stocks.

  • Julia

    Tim,
    what trading platform do you use.
    You had mentioned trading station.
    I contacted them, and they do not short
    penny stocks.

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

    julia read my latest blog post

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

    julia read my latest blog post