Archive for May, 2008
10 stocks to watch today
PDO already up $1.25, sux I’ll be away all morning workin’ on TIMtv, got 500 shares reserved to short if need be this afternoon
Also reserved 3,000 FORC and KYUS for potential shorts
10 Hot Stocks That Will Make You Tear Up & Be Unable To Watch FOX Biz
Yeah there’s lot more, but again nothing ideal to short…yet…especially all these crappy oil companies, nothing like a rising tide to lift all boats
ASIA exemplifies a slow boring breakout of a real company…makes me sick to my stomach how slow these things move, no wonder why 90% of traders lose money trading these things…blehhhh….I’ll take fake companies that move any day of the week
FORC=KYUS=HYBR as all three are known to have been sending out spam mailers to get people to buy their crappy stocks! C’mon guys, these companies are fake–ever wonder why I can say that and get away with it? Cuz it’s the truth and the fake companies don’t wanna fight me in court! I lost $400 shorting KYUS too early (detailed post coming soon)—not because I don’t think the stock is lower 1-2 months form now, but because I’m not gonna be around much today (working on a live version of TIMtv) so I couldn’t risk a big squeeze…yup, playing it safe to teach you guys a lesson!
Please Excuse The Mess Over the Next Few Days, Upgrading The Site To Version 4 Baby!
As you probly know, ever since the debut of this Super Shredder-like website its been full of bugs, at times slow and sometimes just down completely. Well, I got tired of this kind of sh#@! pretty quickly so for the past few weeks, Pallian and I have been workin’ on a new site—that’s right, Version 4—this is the one that’s gonna last longer than the first one (4 months), version 2 (2 months) and version 3 (2 weeks).
Obviously the trend is going in the wrong direction, but it don’t matter cuz we’re tired of building new sites all the time so this is it! And we’re getting a new host too cuz our traffic is just breakin’ out (only halfway through this month and we’re already waaay past February’s #s) (yeah advertisers, get on it!) as if our name was Kentucky Pyramid Oil Co (PDO)
As soe of you might have noticed, you can get a small taste of the new design HERE. What’s infinitely more important is that our new host, those bad asses over at Mosso.com, tell me that anybody who signs up with them using the referral code “REF-TIMSYKES”, will get $50 off their first month’s bill.
I can’t speak to how good they are until we see ‘em in action next week, but I’ve heard only great things and if they try to f#%$ me over, I’ll just blog about it and then they’ll be sorry! Jew Yah!
PDO, up $4+ today, will teach you not to randomly short strong penny stocks, get in, get out then run…cuz sometimes they squeeze stubborn shorts to death!
No ideal short plays today, check out these 2 interviews while we wait for price action perfection
I wish I’d listened to my own rulebook, instead got squeezed for $400 shorting blatant-fraud KYUS too early…someone needs a refresher course this weekend!
I nailed NCOC’s 20% rise today in my pre-market post, but I was too biased against buying little breakouts, learn from my mistakes!
Two Interviews: One Video, One Written, Both Edu-tainment To The Max!
While we’re waiting for the next CNEX-like worthy trading opportunity to emerge, check out these two interviews of mine that just came out today.
First StockTickr asks me some really great questions and allows me to set the record straight on a lot of the BS that’s out there. Thanks Dave! PS The guy’s also got a pretty cool product for keeping track of your trading journals…
A few dozen of you participated in the live interview I did on ChuckTV the other day, HERE is the edited version. Clocking in at just over 1 hour, we talk about everything from trading pump and dumps, Saturday Night Live castmembers and drug use on Wall Street to web 2.0, online video and the future of the internet…really interesting convo—thanks again Chuck!
These 15 Hot Stocks Are The Sketchiest Group Of Characters Ever Assembled!
Horrible day yesterday, didn’t make any trades, missed out on great fades/plummets on UQM SSBX and of course CNEX. Now I’m singing the pump and dump blues…and none of the following stocks compare 2 u (CNEX)
Gotta grab those easy profits cuz they don’t come about every day…there’s no room in this game for hesitation, you short just gotta short a fading fraud, somehow slip into a coma for a few days and wake up with 20-70% profits…daily blogging probly doesn’t help, you’re too close to the flame.
FORC is just your typical $90 million oil fraud sending out mailers and PRs to anyone who will listen, you wonder why it goes so gradually higher all the time? Think back to the chapters detailing 1999-2000 in my book…yup, it’s called manipulation and it’s beautiful if you have the balls ride it long, glorious if you have the patience to wait to short and scary as hell for all the amateurs in between who don’t know what’s going on.
NYNY has lots of rumors swirling who knows and who cares who to believe, the chart is a gradual wannabe cup and handle…don’t short until it gets too steep, even then be very very careful, somebody’s got momentum
UBET is the same kind of rumor-based runup and while its chart is steeper, it’s up a whopping 75 cents off its lows, let me know when it goes from $1 to $7, then I’ll get really interested.
The Pump And Dump Blues: Nothing Compares 2 U, In Loving Memory Of Cannon Exploration Inc (CNEX)
I’m sorry to have to announce the passing of Cannon Exploration Inc. (CNEX), a beautiful and vivacious pump and dump, who at the height of her popularity, was taken from us prematurely, like so many of our brave soldiers around the world
Beautiful CNEX, I know that living with you was sometimes hard, but I composed this wholly original song and even made a music video (even though the singer got the words wrong) in your honor.
It’s been seven hours and five dollars
Since you took your pump away
I research every hour and wait all day
Since you took your pump away
Since you been gone I can write about whatever I want
I can trade any stock I choose
I can look for stocks that are breaking out
But nothing
I said nothing can take away these pump and dump blues
`Cause no pump compares
No pump compares to you
My First Yahoo! Finance / TradingMarkets.com Article: How To Short Sell Pumped Up Penny Stocks
Check it out right HERE. You’ll discover that when you write a brutally honest piece like that—without pay or motives considering I’m not short any of the stocks mentioned nor do I know anybody who’s short—you’re not gonna make too many friends in this joke of an industry. Especially down here in the gutter of the stock market.
Big whoop, I have too many friends already—it’s more fun to write for honesty’s sake, helping the unfortunate suckers who aren’t as experienced as me. That’s my business model and it’s gonna piss off a lot of the people who earn their livings by preying on those amateurs. Deal with it. If I do my job right, penny stocks and microcaps will become infinitely more popular because people will understand how to play the game.
Think of it as cleaning up SoHo so we can build all these nice shops and attract tourists in our neighborhood for once. I’m not trying to get rid of the manipulation—that’ll never happen—just trying to explain it so people can profit from it.
CNEX tanks 40%, I screw up, but readers profit!
As I write the above post, SSBX tanks perfectly, PennyStocking DVD students profit! (perfect fade off sideways price action)
Gonna go run in the park and ponder this strange new biz model where it doesn’t matter if I screw up as long as readers make $
How I Screwed Up Shorting Cannon Exploration Inc (CNEX), Down 40% Today, While My Readers Are Making Tens Of Thousands
Where do I even begin on this one. Like my previous near-perfect call on fellow joke of a company pump and dump VRML, my readers made much more $ than I did. In fact, I lost a bundle shorting CNEX the other day at $6, admittedly too early/forced to due to the circumstances, covering at $7.20 yesterday, not wanting to risk a big-time gap higher/possible short squeeze today. Fortunately for me, there were shares available to short this morning so I reserved 500 and as I posted HERE, I planned on watching this one all day, shorting only when the pattern was to my liking.
After a slight gap higher, the buyers were drowned by sellers—we’re talking 10k volume here folks, nothing major—so I quickly placed an order to short sell with a limit of $7 when the price was $7.25 x $7.30…3 minutes later the priced had cracked big-time below my limit and it appeared I hadn’t gotten my execution. Damnit! Having been in this spot many times before, I knew it’s tough shorting into probable morning dumps so I lowered my limit to $6.50…nope, still no execution…20 seconds later and the stock was testing $6.
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Aug 18 | FOUR | $2.80 | $2.66 | $342 |
| Aug 14 | APII | $2.66 | $3.30 | $1261 |
| Aug 12 | APII | $3.25 | $3.40 | $285 |
| Aug 7 | NOBL | $5.02 | $5.49 | $680 |
| July 30 | USS | $2.54 | $2.69 | $205 |
| July 29 | USS | $4.05 | $4.61 | $823 |
Total: $25,376 (
104%)
