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9 Stocks To Watch, At Least Until LiveStock Comes On This Afternoon!

Posted by timothysykes on Fri 11th of Jul, 2008 09:24:37 AM

SulphCo, Inc. (SUF) signed a distribution agreement, some of the 11mil shorts are scared, horrific company, stock up a ton %-wise, only $1/share in real life, resistance at $3, lots of bitter longterm shareholders, reserve shares to short on possible fade…it’s my #1 potential short, but I’d love for it to continue up squeezing some shorts, maybe a Friday afternoon short squeeze if possible…maybe 1-02 more days of a runup, oh god that’d be nice…need a lot more upside to gimme some nice margin of error to capture 50 cents/share on the downside, we’ll talk a lot about this stock today on LiveStock from 1-2PM EST (watch the show HERE)

Tengasco, Inc. (TGC) is the strongest of the fallen oils, let it rebound, trust me, it’ll rollover eventually, probly in a gradual fashion though, none of that $3 to $3 beauty in 10 minutes we saw the other day

GIGM is now down $1, an agonizingly slow $1/share over 2 days…I’m glad I missed out, no way in hell, I woulda held that whole time…glad many of you guys did have the patience

SLAT is a spammer stock bought by TIMbucks (prizes coming next week…I swear…now sponsored by Reebles!) leader Yngvai who has a pretty sweet blog himself and he explains his buy well HERE and I agree it’s a breakout, so while I’ll definitely end up trying to short this one, it looks like the breakout may continue rather nicely…watch this one closely

IDAE is another one breaking out gradually…social gift cards, sure, why not…friggin scum, every company, everyone, but scum rises…until everyone realizes just how scummy these companies ALL are…don’t get me wrong, I’m trying to be bullish, I’m just afraid to do too much digging

BKRS is up a lot on good sales…solid fundamental news, hopefully it can go a lot further to give it some decent downside right now, there ain’t much!

APII is up on petty news and even pettier volume…watch it, not much downside to short though

WLGC, uhhhhh another missed great short opportunity due to meetings (which I interrupted with that comment battle LOL)…I didn’t even try to borrow shares to short yesterday, but I’m glad I featured it 2 days ago so did any of you take part in that beautiful panic?

MODG had positive drug news, their crap got validated, but you gotta remember you can frame any news any way you want to, I don’t trust ‘em in the least, reserve shares to short

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Related Posts

  • PCola
    Studentofthegame, covestor is not real-time. They update once a day I think. I think there is a plan down the road to update real time, but they aren't there yet.
  • YngvaiMalmsteve
    Hey, student, if you're using Thinkorswim, Covestor doesn't update real time. Not sure about other brokers.
  • getshorty
    so... Tim went into the weekend with his IDEA position open?

    I am holding short 300 shares of gigm after being squeeezed.
  • getshorty
    I said LETS MAKE MONEEEEYYYYYY!!!!
  • HoustonBIZ
    The practice of bying derivitives (options) in the opposite direction of your equity purchse was how "hedge funds" originally got their name.. hedging their bets.

    Why you would short a security and purchase a put contract at the same time is simply leverage... options have such enourmous leverage because they essentially expire worthless.
  • brent
    shorty: what you said............
  • studentofthegame
    Does it take a long time for everyone's Covestor to update? I closed my position over an hour and a half ago and it still hasn't' updated. Wasn't it supposed to be realtime? Not that it matters much, but if I was following someone on there I would like to know sooner than that.
  • getshorty
    Brent you are talking about hedging your position using options. That strategy is intended for occasion s where you move really big money. Like you have a huge position in a stock and are worried of the price dropping because a particular event (lets say earnings release, release of employment numbers, whatever) instead of selling your position you buy put options to protect against the downside. If you have a huge position this may be cheaper than closing your position and then reopening later, for us poor people with less than a million to trade, it makes no sense, if you are worried of an upcoming event just close your position and then reopen it.

    When you do this you buy an option as an insurance, it is very different from using the option for speculation, which was the origina Fantom's question.

    Enough about complex strategies for big funds, lets get back to our trashy penny stocks talk, where me and you can actually make money and not just do cheap talk of what big managers do.
  • PCola
    Brent, you're right about doing the opposite with an equity and an option, but going the same side on both isn't very common, as far as I know. And really why would it be. If you did it that way you'd be hedging a little bit (as I described above) but if you didn't want the full downside or upside, why not just buy less of the equity or option? I'd have to see a real $ example of what you'd try to accomplish, but again, I don't know that it's a common strategy, and there's probably a reason for that.
  • brent
    take for example; todays release of the iphone was supposedly a big deal. Well, if you would have bought stock yesterday and then buy a 'put option' you would limit your loss to the price of the option if the price goes against you. Or, do the reverse; SS and buy the 'call option'. There is a ton of information on options and strategies using them. You'll need more than a few grand to do it right though.
  • getshorty
    by shorting and buying a put you are just betting more on the stock going down, more upside and more downside that if you just do either.
  • brent
    don't you usually buy/short sell the stock and then "insure" with the 'opposite' option? If that is the strategy one wants to take. This is done all the time. The stock must be optionable, and as mentioned, these stocks dealt with here, for the most part are not optionable.
  • PCola
    shorty is right, and there'e no real benefit to shorting and buying a put, other than hedging a bit. If you buy a put, you think it will go below your strike price, but if it doesn't, it could expire worthless (and you'd lose all of your investment) whereas with a short, you could cover for a loss, but not lose 100%. So options have higher risk reward. there's nothing inherently better about one or the other, and I don't recall ever hearing shorting and buying a put together as any kind of typical course of action. I may be wrong though.
  • getshorty
    Typo, when you are buying a put option you are buying the right to SELL a hundred shares of the underlying stock.
  • getshorty
    When you buy a put option you are buying the right to buy a hundred shares of the underlying stock at a predetermined price up to a certain date, which is the third friday of the month for which the stock is named. Buying a put is very similar to shorting a stock using a looooot of leverage.

    The thing is that you have to be positive that the stock is gonna drop. Why? because the price of the put option has a time component, so you don't only loose money if the price of the stock goes up, but you also loose money if the stock drops less that you expected.

    You can buy a put and short a stock at the same time, as long as you have enough margin.

    It would take too long to explain all the details of options but it is worthless for penny stocking since penny stocks are not optionable.
  • Fantom
    Thanks. So if you short it and had put options would you get something like a double payout?
  • PCola
    You have to explicitly sign up for options trading, but yes, you can short a stock and buy put options. problem is many "penny stocks" don't have options associated with them though. Let me know if I didn't answer your question.
  • Fantom
    If you short sell a stock, can you also have 'put options'?

    I think put options is similar to shorting.
  • dude75
    Jay,
    My comment wasn't directed @ u, although getshortys quote is a good point for all of us to ponder. I've kinda' gotten addicted to the adrenaline rush which drops me in situations awfully close to gambling. Even on these I'm doing alright just from always keeping the losses small, but the bad habits it's forming is another thing.

    Since you're saying you're new, the biggest piece of advice I've learned (& am learning):
    If a play doesn't go how you expect it to, admit you were wrong, get out & keep your losses small.
  • PCola
    Fantom, can you rephrase that question?
  • Fantom
    Tim and family,

    Can you short a stock and put options on it?

    Tim let us get a lesson on options.
  • PCola
    Well congrats on learning your first lesson. Never buy on someone else's recommendation unless you understand why they're recommending it, agree with the premise, and have your exit mapped out, both if it gains and if it loses.
  • Jay
    Temptation, thats it........ heard abt RDN in google finance, mad money etc......
  • PCola
    Well first off, why did you buy it?
  • Jay
    To P Cola, DUDE75:
    I am a newbie here guys...just started 1 week back and thinking of day/week trading...but I think I am learning in a hard way how to deal with stocks.........
  • dude75
    " if you are bored of a dull morning and feel yourself tempted to bet on random stocks"

    LOLOL u know me to well LOL
  • PCola
    LOL Jay, why stop at 1.50, why not hope it goes up to $25?
  • Jay
    Any news/thoughts abt RDN? Just bought @ 1.2, but now its $1.0, but I hope it will go up on monday morning to $1.5.
  • YngvaiMalmsteve
    Hey, shorty, thanks for the compliment. I'm finding that writing about my trading experiences is helping me stay more disciplined. Hopefully others will find value in it as well.
  • getshorty
    Good Stuff, good insight on Yngvai's blog.

    Some real value there, if you are bored of a dull morning and feel yourself tempted to bet on random stocks, skip that and go to welcometothegutter.blogspot.com
  • getshorty
    Come on GIGM, you can do it !!
    LET ME HEAR YOU SAY 11.49 !!!!
  • YngvaiMalmsteve
    Tim has a link in his blog above, but here you go:

    welcometothegutter.blogspot.com
  • getshorty
    Yngvai, have heard you have a blog, send the link please. Looks like I can learn from it.
  • YngvaiMalmsteve
    Teger, $2.28 was Tim's entry. But $2.28 is not the break out point. $2.16 was the breakout point yesterday, and $2.21 was the breakout from yesterday's close. For me, $2.20, $2.21, or $2.22 would've been my preferred entry. I was in at $2.21 and got shook out. I had a chance to re-enter there later but I had left my computer. That was my preferred entry and I missed it. And, like I said, I have set myself very strict trading rules and I will not enter a stock if it's surpassed my preferred entry point. I do not chase, regardless of whether I think the stock may surge later or not.

    There's a reason why I've set these rules for myself. From April-May I lost quite a bit of money trading, partly from not following rules. I now have these rules in place to protect myself from losing money, and I follow those rules no matter what. And that's helped me a ton, as I'm now 26% up since the beginning of the month and have wiped out most of my April/May losses. Trading rules really do work, but only if you stick with them.

    There will always be other plays.
  • getshorty
    HOuston, you should just buy the dvd, plenty, I mean, plenty of examples there. No, I am not getting a cut of the sales.
  • getshorty
    Making some money on gigm, anybody else short on this crap? Waiting for the 11.50 breakdown to add some more
  • HoustonBIZ
    Timmaaay... please show a couple example of charts that are ideal for going long... good risk vs. reward.. i need to get outta the scalper rut. please and thank you.
  • Davey
    lol damn teger don't marry these stocks, i got the alert too and chose to pass, too illiquid, and i missed the initial breakout which was when it ran into the 2.40s, Tim is in this because its a pretty breakout but dont marry these, Tim is only following price action and will get out when needed.
  • teger
    Added more shares IDAE here. This will surge in the afternoon.
  • teger
    What are you talking about? It's RIGHT at the breakout point. Tim bought shares at $2.28 and he rarely goes long. There's so much upside to this. You're not chasing anything until this surges at the end of the day when other traders come in and realize the pump is happening and the stock is at $3. This one moves very quickly in short time. Right now is a GREAT entry price. It's exactly where Tim bought at.
  • YngvaiMalmsteve
    Teger, IDAE is now showing why I don't chase a breakout. If I had jumped in at $2.35, I would be at a loss right now as it's now pulled back to $2.29. Yes, it may surge back up again, or it may not...hard to say what it will do now today.


    This is why I have that rule. If I miss my entry point on a breakout, then I just wait for another play. There will be plenty of breakout plays in the future.
  • Bob (VC)
    Tim, why the IDAE pump?
  • Pumacom
    ABK just needs to cross the 1.50 mark for a big run up... potentially to 2.00 imo
  • Pumacom
    ABK-get ready...
  • YngvaiMalmsteve
    Keep an eye on GSPG for the 3.5 cent break. It tried to break it once today and failed, but it may give it another go
  • YngvaiMalmsteve
    Like I said, Teger, I don't chase stocks that have gone significantly beyond a breakout point. Yes, it may move significantly more, but I've been burned chasing stocks in the past. It's all about being disciplined and sticking with my rules.

    There will be PLENTY of good plays in the future. I'd rather conserve my trades for those.
  • teger
    The pump is just starting. People are just coming to it. Tim can move this stock up big today on his show and others will follow. His most recent picks have gotten 20% moves up on average
  • YngvaiMalmsteve
    No, I'm not going to jump back in. I have a rule not to chase breakouts. There will be other plays.
  • teger
    IDAE price surge with strong volume from Tim's purchase at 2.28!
  • teger
    Yng, jump back in. IDAE will surge later today with Tim pumping it. I'm sure he'll feature it on Livestock too. Wait til all the latecomers show up today...price will rocket.
  • YngvaiMalmsteve
    Ugggh! I was in on IDAE this morning at $2.21 and got shook out on the brief dip! And now I come back to see this! UGGGH!
  • teger
    i meant IDAE!
  • teger
    IDEA rising on strong volume now! Thx, Tim!!
  • IDAE is a TIMalert at 2.28ish
  • teger
    IDEA breakout 52-week high!
  • Get Shorty..... Reloaded
    Technical Issues

    Have not been able to login, therefor no timbucks for me.

    I have reset the password a number of times and when I try to log in it shows "invalid registration status". Sent an email explaining this to the it assistant but never heard back. I need my timbucks.
  • Get Shorty..... Reloaded
    How about GIGM this morning, covered yesterday at $12.40 out of boredom, but looks like there is no floor for this one today since $12 has already been taken.

    Can't wait for my technical analysis using multiple time frames to arrive, need to learn more on combining the intraday charts with the interday ones.
  • Get Shorty..... Reloaded
    You respect Superman research or Superman pumping power?
  • eb
    Tim did you notice the pop on DTPI? I didnt see any news and its up almost 30% for the day. Check it out?
  • i ripped on NTIC's earning report a few days ago, but didnt short cuz its so illiquid and i respect superman's research...obvious mistake on my part
  • Get Shorty..... Reloaded
    NTIC down to 10.50 from a close of 16.40 yesterday. Was considering shorting yesterday but the spread on this one is brutal 10.33 bid a0.83 ask. Today tried to reserve shares of slat, myec, uomo and suf to no avail. What I am suppose to do for the rest of the day? work?
  • YngvaiMalmsteve
    So much for the SLAT breakout. I think I'll stick with sluts instead.

    Got out quickly at $2.47 for around a $60 loss after commissions.

    Tried my hand at IDAE today too, but it didn't stay over $2.20...got shook out for a small loss. Unfortunately wasted a day trade on that one
  • younggunz
    yeah fre and fnm breakdowns aren't good for the markets and all those 90 percenters.

    Had to use my profits from when I started with 2k on some home improvements...which came in handy...Tim helped just from me freeloading around on this site. I as soon as I get my funds all moved around I am joining TimAlerts. Should be ready next week. So I am going to attempt to track all my trades I make after subscribing to Tim alerts. If things go right and build a little momentum I'll be sure to join covester as well.

    I would like to prove that you can be a small timer and still make decent money trading. I am only a part time trader and I think the Tim alerts will be a nice "entertainment" value for my little fund. I'm still pretty green when it comes to trading.

    Since I was a kid I've had a couple distant relative that were pretty well off and they'd always be referred to as "Oh he's your uncle that was good with stocks." I wanted to be one of those relatives that the rest of the family would say the same thing their kids about too. Kind of a corny story but just being honest.
  • slow day......sucks when everyone's losing $...well most people
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