CHATROOM

Screw April’s Fools Day: There’s Work To Be Done, No Time For Jokes

April 1, 2008 at 7:55 am
by timothysykes

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

Let the clowns have their fun, this isn’t a game, it’s business. Leave the gun, take the cannoli. No mercy. No compassion. No trust. Only profit. Quicker you learn that the better.

cannoli

Today looks like a higher open, good—all these broker/bank peddler scum are announcing mammoth losses, but even they can’t screw up what’s turning out to be a perfect bottom at Dow 12k. To be more exact, a solid hold of Dow 11,700—the former 2000 high it took us 7 years to breakout of. Can you say perfect retest? Maybe too simplistic, but simple works. I’m just happy I bought VWELX in my retirement account a few days ago.

Here are some microcrapper runners, none of which are nearly as perfect or multi-day as yesterday’s batch, but let’s give em a chance to see what they can do. We’re equal opportunity short sellers here…

(NEON)—which I summarized a few weeks ago

neon

(NCST)

ncst

(PMII)

pmii

(OWW)

oww

Posted in Analogies, Potential Plays

Tags: , ,

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  • Ju

    CVSC, been riding it up since the drop. double top soon around 2.50?

  • http://investorslive.com InvestorsLive.com

    Tim ASTI on major radar up huge.. yet again +1.00 major squeeze hoping to nail this on the short side.

  • http://investorslive.com InvestorsLive.com

    LEH up huge this morning even after the announcement last night about convertibles – seems like last night’s after hours was a ploy to add to the squeeze this morning.

    ASTI watch for the short above 17.70

  • Gary

    …COT look bearish at the start. Low opening volume!

  • timsykes

    forget COT, i’m out at 3.61, i don’t like the big buy blocks, bad risk reward here, too slow moving, $130 loss doesnt hurt much

  • http://investorslive.com InvestorsLive.com

    Tim Speaking of April Fools did you see Google’s joke?

    http://mail.google.com/mail/help/customtime/index.html

    I just re-sent an e-mail to my broker that I wanted to buy 1000 shares of GOOG at IPO!

  • timsykes

    HYBR big morning dump, d aaaaaaaaaaamn

  • timsykes

    COT 20 cent drop, tried shorting 2k at $3.55, my order gets rejected, looks like i have negative buying power–all my recent trades catching up to me….F%^$en day trading rule, just u wait SEC, i’m gonna make sure u see how ridiculous it really is

  • tsa

    Short COT at 3.56 cover at 3.44 ;-) )

  • timsykes

    why cover COT, now its cracked, clear path to 3.25ish, godamn the SEC!

  • tsa

    I cover because it was a fast long red candlestick, now I will short again but just some cents above my exit point.

  • Gary

    “forget COT, i

  • http://www.moneyreallymatters.com VIJAI

    Is REED on the pullback area poise to move back up or back to square one? How about AUY?!

  • timsykes

    gary–u think COT is hard to spot, c’mon, i’ve been doing this for a decade

    reed has too little volume for me to even look at, auy is a commodities play, i don’t touch that crap

  • GabeC

    Whoohoo got a nice short on WH and my GU short still keeps going down. Thanks for the ideas Tim. The DVD rocks and it really helps. Now just how long to ride them for. hmm..

  • VIJAI

    ASTI seems to be a good ride. SHORT just a bit ago and its going down.. What do you think is the exit point? I see $15.59

  • Gary

    Tim- I have been doing this for A FEW MONTHS!!! You have nothing on me!

    j/k – Dont get your panties in a bunch! It’s funny how the market works. You can say one thing one way, then have to be read to play it the other way! Learning from YOU!

    It’s all about the Money!

  • GabeC

    So pissed this morning, tried to put on as ASTI short on the dollar jump and the scottrade platform was “experiencing problems”. What a piece of crap. Im switching to SOW.

  • VIJAI

    Gabec, I use Scott and don’t see any problem.. Whats your exit on ASTI if you short it ?!

  • timsykes

    yah Gabe, switch over, I promise u won’t regret and tell em i sent ya!

  • tsa

    Reshorted COT at $3.48 ….. just wait now ;-)

  • GabeC

    Thanks Tim. I will. VIJAI , well tim’s the expert but ASTI seems to me anyway like a good short for the next couple of days unless it closes high then time to jump ship.

  • VIJAI

    Gabe, I know TIM is the expert and busy guy too Since you are playing the game, i thought you have the game plan to exit. So just checking with you.. Whats expanation of SOW btw?

  • Mike

    Tim, what do you pay to borrow these micro cap stocks, aka microcrappers? What interest do you get on posted margin with TOS?

  • timsykes

    i pay nothing extra to borrow shares–no matter the broker, i never have, it’s a myth…interest isn’t more than a few dollars/month. welcome to beginning to understand how much BS misinformation there is out there

  • GabeC

    Hey VIJAI no prob. Anytime. SOW is whoops TOS. thinkorswim trading platform. my mistake.

  • neswick

    ITMN is up 20+% on phase 1b results, might be a good short later?

  • steve

    I found out last Friday you can’t short stocks under $5 on Scottrade :-(

    I now have my thinkorswim account funded :-D

  • VIJAI

    Gabe, no problem. I will check it out..

    steve, you are right. Scottrade has the limitation and its fine for me since I don’t like to play on stocks below $5 with less volume.

  • http://investorslive.com InvestorsLive.com

    neswick- i was just looking at ITMN but just not enough price movement on that one, if it spikes I may short it

  • Tony Ellis

    Anyone go long KNDI? Had it on watch list and completely missed it.

  • tyler

    Tim,
    Thanks for the heads up on COT, I have a small account and made my biggest gain ever $200.
    Thanks

  • http://investorslive.com InvestorsLive.com

    newswick – if you short ITMN nice job, great sell off right there I just missed it

  • GabeC

    GU just broke support. Hopefully it falls of the cliff now.

  • http://www.personalfinanceblog.us personalfinanceblog

    how about PMII? Vol. is just gone compare to last several days and still up $.70 today.

  • timsykes

    neither gu nor pmii look good. what cliff do u see on GU buddy? its already tanked, got plenty of support in the $11 and $12s. next!

  • GabeC

    Really. Hrmm. Looking from the 5 day chart of GU. Friday has good support at around 12.50. Figured once it broke that it would still go down more. Am I mistaken?

  • sneale17

    what do you think of a possible COT short squeeze later?

  • sneale17

    nevermind, just looked at the chart again and i highly doubt it

  • GabeC

    Ahh maybe im playing it too long from the non volatile side. I see your point.

  • Andrew

    Looks like heavy support for COT at 3.25. If it cracks it could fall hard. Sneale what made you say possible short squeeze later?

  • VIJAI

    ASTI, seems to jack up now.. Is it still a sound play to stay in for the short or get out ?

  • timsykes

    GU spike, thats why you don’t stay short these things after they’ve dropped so much.

    ASTI still hasn’t stayed red, u shouldnt think about shorting

  • Ilan

    hey tim how about SNDK

  • timsykes

    who knowsa bout SNDK, thats a real company, i hate those…ask those 2 clown from wall street warriors, they supposedly did their research on it LOL

  • Andrew

    Hey Tim, in the dvd you said you never want to be short in a bull market. Do the POS’s you look for not apply as much to that rule? If not, what type of stocks would you look for instead? Thanks.

  • timsykes

    when the hell did i ever say never short during a bull market? my entire strategy is shorting! u just have to be more conservative

  • Andrew

    Just to add, I’m not saying we’re there yet but if we ever do..

  • sneale17

    I said that because I thought there was a lot more upside support that might rally. Buuut no, I decided that was not going to happen.

  • GabeC

    Thanks for the save on GU, I got out after the comment and before the spike. Learned a good lesson and make a good 5%. I’m happy with that.

  • VIJAI

    Tim, it was red and lot of people shorted pushing to 16:12 but buyers bought back up.. I am going to get out of it as the intraday chart shows a support on 16.78

  • Andrew

    Ha, maybe those weren’t your exact words, I’ll look. Being more conservative definitely makes sense.

  • VIJAI

    TIM, I see the OWW graph and seems uptrend for weekly. Are you long or waiting to short it ?!

  • Jason R.

    The 2 clowns from Wall Street Warriors too funny…Especially that tall pigeon toed jock looking dude…TIM, made that show fun…Your new website you should post a bit more photos and crap you do…For instance when you were golfing with your buddy in that one episode was hilarious.

    Anyone catch the Lenny Dykstra interview on HBO?…His speech pattern is all jacked up from the steroid use in his younger days…I guess he understands the market well though.

    Anyway, hope I’m not off topic here.

  • S Adams

    Just shorted MPG for the heck of it at 15.97. I don’t think it should be up that much.

  • Mike

    Lenny Dykstra doesn’t understand markets well. He took leveraged bets on stocks and doubled down on losses during a period when the market rose. aka random strategy

  • Tony Ellis

    ASTI going red on big market up day. Think it’s time?

  • Mike

    That cannoli looks good. Now I”m going to bouchon bakery tonight.

  • be-the-ball

    dykstra is an ass

  • http://investorslive.com InvestorsLive.com

    ASTI you’ll probably have to reserve shorts are getting tough to borrow. They are killing the volume and then walk it up at the end of the day, very controlled stock, you’ll probably only want to short a large break out, or confirm that it’s dying and short a red day where there aren’t any signs of it coming back to life, kind of like COIN once Squeeze mode was turned off.

  • VIJAI

    You are right. Its not ready to short yet. I just got out before losing it on the up volume..

  • lmsmith

    Solar has been up since last week and this week…… there is def. going to be a red day…and when that day come- they are going to tank hard…. maybe tomorrow…

  • http://uncompahgre.wordpress.com/2008/04/01/aprils-fools-day/ April’s Fools Day « Uncompahgre Gorge

    [...] Fools Day April 1, 2008 — midmull I totally agree with Mr Sykes: screw it. [...]

  • BearNine

    jazz cracking a bit

  • ditaln1

    shorted 500 shares of Jazz at 10.28 , covered at 9.85 . $215 profit..

  • http://www.kabam.com tbohen

    Out $OPXA +$930ish, that fucker is gonna crack $4 without me, but its been driving me nuts waiting the last couple hours!

  • http://www.kabam.com tbohen

    Jiminy crickets! Looks like I made the right call covering OPXA!

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

    yes tbohen, good job, as i said in livestock, shorts know there’s a possible morning spike tomorrow so that anticipation gets switched to today…actually not a bad buy when it held 4

  • yasdjam

    great day today total : $456.00