10 Potential Shorts & Some Advice For You Newbies
People ask me how many hours should they spend trading and researching each day and I think many are surprised with my answer: it depends on your personality, trading style and how much you wanna make. For some people it takes a few minutes, some take hours—me, I usually spend a few hours/day researching, but mostly for writing/blogging/teaching purposes as that’s my main source of fulfillment. Yup, superficial rags like Traitor Monthly and sites filled with the 95% of traders who lose $ will never understand, but it’s more gratifying to see messages like Mike making $14,000 in one day using my strategies, making my day with his followup comment “I’m no expert, since finding you I’m a “Timpert”. Never shorted successfully till you came along and turned on the lightbulb!
One trader down, a million or so more to go…yup, my PennyStocking DVD summarizes it all…
To business: yesterday I missed a ton of great plays due to filming all day for a special multi-hour marathon LiveStock this Friday…more details coming later today.
Here are some potential short opportunities (remember many could also be good longs before they start exhibiting the classic fade/drop signs we’ve been discussing here for months):
CSY is a total piece of crap picked by Superman HERE…yes, its got fundamentals, blah blah blah, but don’t give me this under the radar crap, it’s a classically sketchy Chinese company where you KNOW there’s something shady going on, as there is with most Chinese companies, might take months or years to uncover it…that said you don’t short a strong stock just for the fun of it (Superman is that stock right now, passing his powers onto whatever turd he touches) as you’re bound to get squeezed and this chart is eerily similar to his other pick NTI, especially with the low float/volume so sure, $20, why not, let it run, maybe even buy it if you’ve got balls, you know he won’t stop talking it up for a few days and chances are early shorts who don’t read my blog are gonna get squeeeeezed like this fine juice I’m drinkin’ right now
HYHY Let the spammer run, let the spammer run…should be a song
LAUD is a great spammer breaking out, reserve shares and wait for the dip that signals an avalanche
ROYL was such a pretty short, it makes me wanna cry…now missing this one due to filming is something with which I gotta live with…what’s your excuse?
SQNM you friggin Neanderthals, I don’t wanna hear, “I couldn’t help myself, I had to short”…look back at its two previous spikes and see it aint gonna go down quickly and whats more, patterns evolve so there’s less of a chance of a big dip…oh yeah and it’s not a pup and dump, it’s up on positive fundamental news!!!…all you’re doing is scalping and that’s just bad risk-reward-wise…friggin trading addicts, I’m trying to save you fro having to repeat my mistakes, I guess you’ll just have to make ‘em yourself though
SLAT is one I asked yesterday how much longer it could sustain and while I reserved shares to short, trading fro a train station didn’t work very well and I didn’t get executed. Now shorters, look at its history, this ain’t no SQNM, this is the pattern/variables you do want to short again and again!
SURG was an earnings pop good for scalping both ways cuz it moved so much from the open…newbie shorts mighta made $ this time, 25 cents/share wooo hoooo, pathetic, but with this pattern 6 or 7 times outta 10 they’d get squeezed, again bad risk-reward, wait for early shorts to get really squeezed, especially since it’s a bottomer
CRDC is beautifully strong long momentum, anybody who didn’t get that needs to have their eyes examine, thanks to Mike for being the eye doctor for too many of those whose prescriptions have expired
FORC is an awesome spammer, let it do its thing
PTEK looks to break $4.50, but volume sucks and there looks to be limited downside to $4, at best…I hope shorts get squeeeeeezed
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Sept 4 | COIN | $5.70 | $6.21 | $745 |
| Sept 3 | COIN | $6.49 | $6.30 | $305 |
| Sept 3 | COINW | $2.75 | $2.85 | $180 |
| Sept 2 | TAYD | $7.51 | $8.13 | $545 |
| 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 |
Total: $26,508 (
114%)
1novalis78(TIMBUCKS: $52)
June 11th, 2008 at 8:29 am
tim, what is your take on PARL? Volume is better than PTEK, and yesterday it was gradually fading but did not yet break through 4.60 support.
2Davey(TIMBUCKS: $194)
June 11th, 2008 at 8:34 am
hey tim, just signed up for tim alerts. Will I start receiving updates starting today?
3Tom
June 11th, 2008 at 8:36 am
You want PTEK squeezed? Are you still in PTEK? I thought you were in at $4.69 two days ago.
4craven moorhead
June 11th, 2008 at 8:43 am
Timmy, you can hate the game, but don’t hate the playa. Your obsession with Superman is disturbing. I would say more, but I’m busy bid smacking some turds today.
C. Moorhead
5lmsmith
June 11th, 2008 at 9:04 am
Have you been keeping an eye on LBAS? This stock has been hitting new highs……
6Michael
June 11th, 2008 at 9:08 am
Tim, I have shares of SLAT to short, however remember you cant use historical charts on this one due to the fact it is now a new company in a hot sector.
7Ryan
June 11th, 2008 at 9:28 am
Mike 13, congratualtions! Keep posting new picks with short or long bias. Also, tell us exact method you scan stocks every evening you mentioned on your previous post, that way we can learn from you as well as our great teacher Tim!
8Evan
June 11th, 2008 at 9:39 am
Looks like LAUD’s broken- maybe I missed it?
9Rambone
June 11th, 2008 at 9:54 am
PTEK has no upside in it. Tanking today as expected. Broke the 4.40 support level. Wait till 4 cracks and the stop losses get hit that’s when I’ll cover this 2 day short. Yesterday was a beautiful signal of todays destruction.
TSL finally busting loose today. Only 1 point below cost now as I bought more shares at 37.
10Rambone
June 11th, 2008 at 9:57 am
PTEK cover at 4.10. Shorted at 4.75. Not being greedy on this one might either get a dead cat bounce at 4 or hit the stop losses. Don’t wanna gamble.
11trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 9:58 am
Another rough day for anyone who thinks ROYL’s gains are to be substantiated. Shorted at 7.81
12trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:00 am
Shorting FRBK @ 6.45.
13trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:01 am
Anyone else shocked to see no signs of fading on PARL yet?
14Rambone
June 11th, 2008 at 10:03 am
Also short SQNM at 12.05 as support has broken. 70% up in 4 days on test results which were already positive. Lawsuit filed the other day. Whatever it is it will kill the momentum and attract short sellers especially in this environment. Gonna scalp this as it’s not the protype pump n dump.
15Jokey McJoke Maker
June 11th, 2008 at 10:04 am
themarketkid: it probably won’t have momentum when sykes bashes stocks just so others don’t make better gains then him.
loops: i wake up and it was his first stock he ripped.
themarketkid: exactly…you can’t tell me he doesn’t want that stock going higher
themarketkid: makes him look bad for missing such a gem
themarketkid: so he just resorts to bashing.
guido1455: sykes doesnt even trade no more.
themarketkid: Superman on “thelion” just called Sykes a short pumper…lol
16Evan
June 11th, 2008 at 10:04 am
does the bid/ask on LAUD mean there’s 50,500 shares waiting to be sold and 500 shares to be bought?
17Ryan
June 11th, 2008 at 10:06 am
Doublingstock just sent a mass email pumping MYEC and it is already up 8%
18trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:07 am
Futures new lows, AD lines low, Diamonds Weak.
Great day to be short
19Michael
June 11th, 2008 at 10:08 am
Anyone eyeing SLAT? Should go back below $1 once the hype fades from this overvalued 200mill market cap POS
20trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:13 am
FRBK looks like a nice short at 6.55
21trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:15 am
Now trading at 6.41
Would’ve been a nice and quick 2.7% minus spread.
22trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:16 am
Crude numbers in 15 minutes, keep an eye on ROYL and other energy-related shorts
23jack is back
June 11th, 2008 at 10:19 am
JUPM… JUPM…. JUPM… No one likes to catch a falling knife, but this puppy is too cheap. I made a nice penny on my long from 1.7 to 2.2. Now, looking to go long again. Any thoughts?
24trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:25 am
Crude numbers in 255 seconds
25Vu-Du
June 11th, 2008 at 10:34 am
Shorted WM 5K shares at 5.95….covered about 20 minutes later at 5.80..755.00 profit
26trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:34 am
Easy ride up on apple, got to love a volatile market.
27trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:41 am
Short the airline of your choice ASAP for a quick percent or so
28monkiman
June 11th, 2008 at 10:44 am
PHM was nice short… got in very late, @ 10.84, got 21 cents…
29Vu-Du
June 11th, 2008 at 10:44 am
UAUA short signal crossover at about 10.07am… didn’t hit it..it’s running flat right now..put it on watch to see what the whales do with it
30trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:50 am
UAUA is a bad play.
After the Crude numbers came out, it had a 3% run up.
Doesn’t make much sense to me if this stock is an amazing short.
31trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:51 am
It’s on my watch list, but I need further confirmation, like crossing that 52 week low in another 50 cents before making a move.
32Rambone
June 11th, 2008 at 10:51 am
Cover on SQNM at 11.85 from 12.05. $.20 scalp. Would have expected a bigger drop after it broke 12 so I’m out.
In IPI at 57.80. Fertilizers are on fire and do fantastic in down markets. Held the 57 support intraday so I’m in.
33trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:51 am
Shorting UGE aat 8.82
34trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:52 am
Tight stops though, this 11 am conference has bullshit all over it
35trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 10:58 am
Ya, there TGE goes…. (not UGE) it was a spelling mistake
36timothysykes
June 11th, 2008 at 11:04 am
i covered my PTEK for a small loss the other day, looks like i shoulda hung around…you’ll be able to understand my trades much better now with TIMalerts, updates begin tomorrow:
http://www.timothysykes.com/timalerts
of course i’m gonna respect superman, he moves stocks! just as i respect lionmaster for doing the same and disrespect doublingstocks for being incompetent
of course u can use historical charts on SLAT, perfect top at the same spike last time, its all a self fulfilling prophecy buddy
nice PTEK trade rambone
MIT guy, not surprsied WHATSOEVER on no tank for PARL, u’d think people might understand that i’ve come to avoid earnings plays for a reason, but i guess it takes a while for y experience to sink in
37timothysykes
June 11th, 2008 at 11:06 am
rambone, SQNM is for scalping, and i don’t recommend that, not surprsing it didnt crack much, its not an ideal play! again go backk to my experience comment, its not arrogance i’ve just seen soooo many patterns, i know which ones have greater odds of being more volatile/predictable to the short side
38Al
June 11th, 2008 at 11:11 am
Tim
What cha think about OXM. Not very good news. Spiked up. Think it’s a short around 23.40???
39kcprinters
June 11th, 2008 at 11:14 am
CSY total piece of crap? There you go jumping on the assumption again just because its from China and it did a reverse merger way back when instead of IPO (which makes no sense since they were very young when they first went public). Fact is, the new auditor approved all the information from the old one, AND (and pay attention), they don’t have the British Virgin Island link that many of the scammers do. Once again, this is the kind of bashing that has no merit whatsoever - you are bashing a $16 company expecting $1.75 eps this year, and likely $2.75 next (minimal judging from yahoo estimates and the upped guidance from yesterday). Short at $20? Its still fairly valued at $35 (see AOB for what an established chinese bio is getting for PE)..but whatever! It DID just get discovered in all honesty because it just recently uplisted and most investors don’t pay attention to otc and lower.
40tight rope
June 11th, 2008 at 11:18 am
Wasn’t jupm a buyout target in 07 by getty images for 7-8 bucks a share. Now the stock is 1.37?
41timothysykes
June 11th, 2008 at 11:23 am
oxm is real company with a falling chart…not interested
not bashing CSY, i said respect the hype, just dont believe it.
42Rambone
June 11th, 2008 at 11:25 am
Tim,
When you turn 10K into 3 million like you did you have the right to be cocky. You nailed the action on SQNM since 9 telling everyone not to touch. My logic was the markets were down big and there was a lawsuit however BS it was. When it cracked 12 and held on to 11.85 that was my sign to cover while the getting was good. Definitely not one of your signature plays like PTEK, ROYL or GRO.
Out of IPI at 58.70 from 57.80. Will try to buy it back under 58 again.
43Rambone
June 11th, 2008 at 11:27 am
Solars are heating up. In SOLF at 18.60.
44Scott
June 11th, 2008 at 11:28 am
Trader_MIT, (or anyone else) did you short FRBK?
45trader@MIT(TIMBUCKS: $164)
June 11th, 2008 at 11:31 am
I shorted at 6.45, yes.
The bank is an absolute joke.
Take a look at their balance sheet etc.
1 billion in assets and 400 million in active stock?
46YngvaiMalmsteve(TIMBUCKS: $593)
June 11th, 2008 at 11:32 am
I have shares of LAUD reserved. It’s a long ways down from where it’s at right now. Will short into close if it stays red today
47Michael
June 11th, 2008 at 11:35 am
Surprised no one is interested in SLAT here, looks like maybe a little more buying will come, but this is the classic pump and dump scheme POS. Lithium ion battery producer who wont make any money with too many competitors. Market cap over $200 million. Will be at $1 or below soon.
48jack is back
June 11th, 2008 at 11:40 am
JUPM is starting it’s dead cat bounce folks… You all don’t like money?
49kcprinters
June 11th, 2008 at 11:40 am
CSY…I respect the hype, and I believe the hype - they aren’t piling revenues from related parties like cpsl/sutr do, they did a RM early in operations when it DOES make sense to, and there is enough information available to make me believe they are not just some boiler hiding in a foreign country. I tend to believe the financials are legit, and they will be discovered. You took 3 minutes to quickly look at the story and write it off, lumped in with all the others you call scams. That’s what irks me about your style. You don’t care about a story, valid or not, you just want your 30c scalp on the short by bashing it down. Of course I know you’ll never change your tune as your ego wouldn’t allow for it, but your watchers should at least realize the likely truth.
http://www.skyonemedical.com/About_EN_10.asp