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5 Stocks I Might Short Sell Soon

Posted by timothysykes on Wed 2nd of Jul, 2008 09:19:52 AM

Lots of people are taking the next few days off—I’ll be right here as low volume days sometimes off the best pumps/ridiculous price surges to take advantage of…HYGS could be a prime example and so it’s my first possible choice for shorting, although it could run a lot more before it’s time to puke:

Hydrogenics Corporation (USA) (HYGS)
This has gone full fledged Supernova/vertical on strooooong volume, a clear t ripple over the past 11 trading sessions, a near-double over the past 4….don’t even think about shorting this one until a.) volume fades b.) it goes negative on the day in the afternoon…odds actually favor buying, even though I’m way too scared to do that—the patient short seller will be rewarded with a 50 cent intraday drop…reserve shares early, every morn, just in case it’s the big drop day

Tengasco, Inc. (TGC)
My $1.70 TIMalert buy now makes me look genius, even if I, along with just about all of you, sold for nice profits too quickly…I’ll be looking to short this one soon too, reserve shares just in case, but don’t be looking to short aggressively anytime soon.

Converted Organics Inc. (COIN)
Up due to CNBC hype, fluffy news and cuz it’s just down soooo much…let this thing spike, can’t wait to short it again, reserve shares early

IndyMac Bancorp, Inc. (IMB)
I would never ever try to bottom fish this thing as it could collapse at any moment…that said, respect Lionmaster’s research skills and he’s loaded up at higher prices so keep an eye on it…def. wouldn’t short either, risk-reward sucks

Rediff.com India Limited (ADR) (REDF)
Warned some people not to short in the morning, was dead right as there was a nice 30 cent spike…missed out on the bigger picture drop later in the day from $7.30 to $6.60…really wanted another day of spiking (increase odds of short squeeze collapsing), ah well, there’ll be plays like this mama says

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  • Hey what do you think of RDN, they have been pushed down to 1$ when only a year ago they were around 40$..
    Manipulation?
  • Hey what do you think of RDN, they have been pushed down to 1$ when only a year ago they were around 40$..
    Do you think they have been manipulated like these other junk stocks?
  • MakeCents
    hey tim whats up I picked up 10000 shares of hygs for 86 cents....im hoping this thing will explode after they shake the scared ones off...I wouldnt short this one if I was you...
  • Michael W
    Not sure if you stayed with it or how much lower it can go, but ROYL was a good call before. Think there is still some downward potential?
  • Rambone
    gil,

    avoid charts like that. Trying to time falling knives can be dangerous. All those small hot oil plays from last month are getting crushed even with oil at record highs. However, as I say that, long term support for SSN is at 3 so risk to reward isn't bad.
  • gil
    anybody's thoughts on buying ssn???
  • DaBear
    Dude Balls & Nuts

    you can always exit a position. You just cant start new ones.
  • Rambone
    brent,

    There are a lot of plays so it's hard to follow them all since we're looking for the most bang for your buck. Coal stocks are getting murdered right now while natural gas stocks are up in a down market. Tomorrow if oil has a superspike to 150 level coal stocks could bounce back. I'm looking to start positions in JRCC(50 support bounce) and MEE(80 support bounce) on the long end. This huge correction is a buying opportunity.

    On the short end I'd say DRYS on the high price of oil. I can see 60 coming soon on a break of 70. CMG on a break of 80 if it happens. IPI and POT are two others I been in.
  • Adam
    i cant open any positions bc its storming SOOO bad here i'll lose power
  • Tony Ellis
    CAEI...anyone catch this beautiful breakdown? POS! Guess the symbol change and new exchange didn't help.
  • uh oh...time for UVSE breakout???
  • brent
    non auto refresh is nice. Now, if we can get you to return where we were when we post that will be excellent.
  • brent
    u looking for something special to short at close rambone?
  • Rambone
    Market on edge. Look at AG stocks continue to crumble. IPI should test 50 at this rate which is next support level. POT could go down to 200. Those numbers could be tested by tomorrow which will be D day.
  • balls...or just plain nuts...
    I just confirmed with the TOS trade desk that I have now made my max day trades for this 5 day period, so now I'll have to hold my HYGS short until tomorrow. Still safe, so far, but what are the odds of it bouncing back over 2.20?
  • Kevin
    For my fellow pennystockers, watch TGC, clear cut supernova action.
  • awesome reaper....trainderdave, QTWW ha snow tried to breakout several times, failing each time, could just be another CPST/SATC letdown or an eventual QBIK-type breakout
  • trainerdave
    Watch QTWW if it can get some volume see ya this thing will explode. Contrary to popular opinion it has not fallen like SATC did after earnings, which by the way has currently bounced off 50day MA
  • Reaper
    Oh, and that was in my TOS account, so it'll show up on Covestor. Wohoo!
  • Reaper
    I just pulled a Sykes--HYGS started to move while I was on the phone with a reporter (for the Indianapolis Business Journal, of all places), so my entry and exit were horrible, but I shorted 5k HYGS @ $2.25 and then bought back at $2.08. Total profit after commission of $810.
  • robertsdave23
    Plug is currently loaded with buyers and few sellers. No ideal chart but it looks like a quick .10
  • Keith
    IM sorry drift lower not holding support
  • be-the-ball
    great trade BTW, sorry I missed it, I'll get the next one
  • be-the-ball
    that sounds great Tim, but how do I change the email address that my TimAlerts is going to?
  • Rambone
    If you can find shares COIN is going to touch 5 on the next break of 6. The major rise yesterday, even though it broke many resistance lines, was artificial in nature.

    Market came back from the dead yesterday on GM. You won't see a repeat of that. When the auto numbers came in GM's drop was less than expected. Tomorrow could be black Thursday on the planned interest rate hike in Europe.
  • Keith
    QBIK looks like failed breakout. TGC possibly moved sideways rest of day and drift higher holding support at previous resistence 3.37.
  • BTB, new section of the website will be open next week, specifically for TIMalert subscribers...also text messaging alerts is coming, takes time to implement all this stuff--not too happy these stocks fell so quickly, but thats why i give my pre-market watchlist so u can know i'm looking to short these things all day long...its just all about looking for strong stocks looking like they'll fade soon, think about it, why do u even need me?
  • Keith
    Will Tim be looking to short this in the AM? Unfortunately i cant because of Scottrade. Ya I know change brokers.
  • Keith
    Question. Where to from here? Is this the reversal day or pullback in uptrend? Any thoughts
  • balls...or just plain nuts...
    btw, Tims strategys (strategies?) are definitely FREE money!
  • Matthew
    Tim, I had the EXACT same idea as your short on HYGS! I think I am learning. Unfortunately E-trade won't allow me to short stocks under 3$. Congrats.
  • balls...or just plain nuts...
    Damn TGC, all told on I only ended up making about 50 bucks! I was up like 200+ when I sold the first 1000, then my 500 position broke me when the stock fell off!
  • Fantom
    donnacap

    thats why you place open orders for the price you would like to get. Just for those bathroom runs.
  • be-the-ball
    Tim,

    It took 7 minutes for me to get the recent TimAlerts. I changed my email in my profile 3 days ago but the alerts are still going to my shitty hotmail address instead of my gmail. I missed out on great money this time. How do I get it fixed?
  • balls...or just plain nuts...
    HYGS negative on day, I'm short 1000 @ 2.2012
  • Fantom
    Had to get out of the financial's, housing is a bust but minimized position.

    plays for today
    byd
    cbk
    csfl
    stv
  • donnacap
    Keith, I stepped away from my desk to go over my financials. damn!
  • Keith
    OUCH!!! TGC
  • Rambone
    APWR is going to have a big drop coming by end of day today or tomorrow. 20 written all over it. Numerous breaches of 24.25 low from Fri. CMG- a big cap is going down for the count soon too. Yesterday was first sign of breakdown on dip under 80. Going with the PUTS on that one. Happened to ABAT yesterday. Dipped under the 5.50 mark once. Today you're seeing another dip and a failure of support. They usually tank rather fast on the second breakdown of support. Same thing with COIN. Held the intraday 6.50 mark yesterday once. Today, even though 6.50 is no longer support you can use it as a guideline. Never short a stock on first failure of support. More often than not a bounce happens on that number.
  • Keith
    Glad I bailed on TGC.Hope you did Donnacap
  • Kris
    imsmith...your LEH is falling off of today's high.
  • Keith
    Now you tell me LOL!
  • lmsmith
    i think TGC going above $4 today......
  • lmsmith
    Keith Nice---
  • Keith
    Out of TGC at 3.70 for 800.00 profit.
  • Sykeshater1
    IMB, theres an original short! Are you kidding me?? Sykes seriously, wanna come to bridgehampton and wax the Maserati? Im also having a party on Sat, you can serve cocktails, i'll throw you come coin. Tool
  • balls...or just plain nuts...
    Just sold 1000 of my 1500 TGC, for a .20 per share profit, holding the other 500 as long as I still feel comfortable.
  • donnacap
    TGC-I got in at 2.88 yesterday
  • balls...or just plain nuts...
    I missed out on butt loads of money back in May when I kept watching PDO shoot straight up, after I sold out at 10.15! Trying to keep my eye on all the false hope companies that everyone wants to pile on to in this market!
  • Rambone
    Keith,

    Yea, I been in QBIK since Monday when it showed the breakout pattern. Almost gave up on it yesterday till last 10 minutes when end of day buying came in confirming possible spike today.
  • Keith
    WOW I guess you do have balls, I am looking to get out up here. How far do you think she will run??
  • balls...or just plain nuts...
    TGC another one I jumped the gun on selling, sold off yesterday at like 2.8 or 2.9 something. Bought back in today, bids steadily moving up.
    Bought 1500 @3.4799
  • Keith
    How about QBIK. Got to get more cash going here
  • Keith
    I am From 2.90 yesterdays post 3.15ish
  • donnacap
    TGC hit 3.52
  • lmsmith
    WHO is still in TGC?? LIft off!!
  • Evan
    TIMMAAYYY!!!

    I got the DVD and BOOK!!! I leave tomorrow and will try everything in my power not to read the entire thing the first day on the amazon (you know with all the pirahna and anacondas to look at). Thanks for the inscription- when I come back I'm signing up my TOS account up for covestor so the world can watch a Timillionaire be born!
  • Keith
    arte you in rambone QBIK?
  • Rambone
    There goes GNTA my other call from last night. Monster break out. It had a similar chart to NCEY.
  • Keith
    I want in to QBIK but have limited funds so I will watch. Maybe learn, No definitely learn!
  • Keith
    QBIK looking to pop through 4.99-5.00
  • Rambone
    brent,

    HBAN has no pattern now. Seems like 6 is solid support after it's been tested numerous times. Better for a ride on the long side now but I'm done with it for now. I need patterns that are predictable and HBAN is acting too bouncy. I would never hold a banking stock long or short overnight. Heard European banks are set to raise interest rates tomorrow so oil is going to spike and our markets are going to plunge.

    If ABAT finally breaks under 5.50 it's a better play. Volume continues to sink. Don't think it can hold its gains from the last 2 weeks.

    QBIK finally broke loose after a 1 day delay. This one is going to continue running as it has no resistance and the breakout today is on high volume. imo
  • Keith
    Finally TGC got through 3.37
  • Pumacom
    I sold out of half my position at 17.30 this morning...
  • Pumacom
    Investorslive... how are you playing SQNM? I'm hoping for it to base in a cup and take another run at the highs...
  • sniper6
    not in it now but am watching closely for another chance target s/s entry 7.00 also watching TCB target s/s entry 13.25
  • Keith
    The mainthing here is to control your emotions.It is the biggest killer in trading.
  • brent
    tim, what are u thinking on COIN? Or, are u already short? Probly not, since you haven't said anything. I hope for a bounce back up near open, better yet a spike past for a better short entry...
  • donnacap
    OK, thanks. I am new here and I have been watching everything that you have been doing. I started to trade and so far so good. By just watching everyone I am trying to get the hang of things.
  • lmsmith
    Someone here mentioned SINO as being a good short for days-- Very True- it's been dropping all week
  • brent
    thx, sniper, appreciate that. I think i do remember you shorting this thing last week. rambone had been long this week. Kinda wandering what his target was and if we may see near 7 print. U going to think SS if this level is reached again? Or, are u done with HBAN?
  • Keith
    Just a thought and its the 3rd day in a breakout. starting lots of resistence up here
  • donnacap
    Keith, why do you think that TGC is the last day to go up>?
  • sniper6
    brent, if I may interject- IMO short HBAN like mad if it hits 7. I did last week @ 6.60 and printed cash
  • sniper6
    sorry, I thought everyone here was a mind reader. My morning play VGZ
  • SQNM a nice day trade
  • brent
    n one SS COIN? nice drop .75 from tdays high
  • brent
    rambone: thoughts on HBAN, i'm thinking wait for final push to roughly 7 then think SS?
  • PCola
    Sniper, which stock are you talking about?
  • Keith
    Tony GST holding good support at 2.60ish
  • Keith
    Today might be the last day up for TGC
  • sniper6
    longs, take your profits now. shorts, get ready. You have been warned.
  • Keith
    Here goes TGC again
  • HTOG is making another run...how high will this one go???
  • TomT
    COIN down to 6.30
  • Keith
    QBIK is moving nicely to the upside.
  • PCola
    Castanova, you have to narrow down the 8000+ stocks to a select few that may be near resistence points, and then just watch and wait. You'll always miss some, and there will be plenty of times that none of your selected ones actually breaks out, so you have to have patience and discipline.
  • it takes time to develop you're own strategy Castanova, I mix following the message boards and chat rooms, with some good ole fashioned tech. analysis...
  • Castanova
    How do you guys find potential breakout plays? There are like thousands of stocks under $5 and waiting for stocks to appear on Yahoo's Biggest Gainer list seems to be missing the boat.
  • PCola
    As a follow up to my post yesterday about my insider transaction program, CVH is up over 8% today, and INT is abotu flat from when I posted. As I said then, I usually just take 5% from these since they are highly liquid big board plays, and I put a lot into each one.
  • Tony Ellis
    Evan, that's what I was thinking. Looks like very strong resistance. It should run a little if it does but not sure how likely.
  • SQNM breaking out of bull pennant...
  • up 50%...damn i love this shit
  • UVSE up 30% 10 minutes into market open...come on baby!!!
  • Evan
    Hey Tony,

    You waiting for GST to break above 2.75?
  • BBI is irrelevant to me--never bring up a real company here, we play frauds and gutter stocks!
  • imho HTOG is done for now, so is UPDV and QMNM
  • Hey Tim...watcha think about blockbuster today BBI????
  • 4 stocks that are going to be fun to watch today....
    UVSE...stronger volume every day...watch for a pop
    HTOG
    UPDV
    QMNM
  • gm COIN def. looks shortable soon...UVSE looks like the latest penny pump, chart looks to be bottomed, scalping that today, still holding HYBR until I see some weakness
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