As I emailed TIMalert subscribers in near real-time, I sold my HYHY position near the market open at $2.37 for a solid, if not extraordinary, 6% overnight gain of about $265, putting TIM up 8% on the month and right back to my old highs, up 55% since November 2007.
You see for all my crazy—some say—theories, but this time proven right…yet again…suckas, I stink at timing my trades. (As I think I proved beyond a shadow of doubt with my woeful but carefully controlled losses in May) Scared by my own openness (probly best not to call a company you’re long a fraud) in last night’s post and another scathing overnight article on The Fool (the hypocrites wouldn’t publish a nice review of my book An American Hedge Fund by one of their writers cuz it deals too much with penny stocks—man, I’m telling you Back of the Bus-type discrimination makes me sick) entitled “Potential Scam Alert”, I wasn’t sure how much longer this rally would last.
Good thing nobody really reads/listens to the Fool or to me—well, at least those who buy based on mailers (god love ‘em!). Now 15% higher on the day, meaning $500+ in missed profits for me in the last 2 hours—and climbing—it’s beginning to look as though my random ass $3 target might be dead on. I don’t know and I don’t care—all I wanted was a morning gap up (got it) and spike/short squeeze (got it, but didn’t stick around long enough to benefit) because it was a perfect high volume breakout aka the only pattern I’m willing to buy cuz it’s pretty damn predictable.
The good news for you guys is you don’t need to suffer through my timing issues, check out this guy’s comment that you know I’m gonna put in the testimonials section (anybody else profit, let’s hear!):
just made $300 on HYHY thanks to TIMalerts!!! when i first read tims blog on HYHY i put a order in for 2000 shares, having trust in Tim. The next morning i cancelled the order! i dont know why! so after debating to buy 2000 shares i steped up to the plate and bought 2000 shares at $2.36. becoming scared after seeing this fraud move i had the balls to stay and eventually sold at $2.50. This gave me a profit of about $290.. THANKS TIM AND HIS AWESOME TIMalerts!!!!
Yup, we know this to be the case, I have many good ideas—lately STXX, PTEK, HYHY and GRO on all of which I profited but exited waaaaay too early aka most newsletters you gotta be quick, with mine the slower you are, the better—thank God for this blogging biz model, now at least these ideas of mine aren’t wasted on such a gutless Jew any longer aka I trade as if I had a laptop back in ancient times while building the pyramids, afraid a big chunk was gonna topple over and knock me out. (I don’t even know if that analogy makes any sense, I’m just getting more and more disgusted as I write this since HYHY keeps going higher!)
Posted in Breakouts, Good Trades, Impatience, Manipulation, Patterns To Buy, Safe Trades, Story Stocks