When I sent out a buy alert on CNEH to TIMalert subscribers at 3:30PM last Friday—after personally buying 1,500 shares at $4.60—I told everyone “I fully expect $5+” because as I wrote in THIS post over the weekend, it really was the most perfect setup, technically and fundamentally, I’ve seen this year. No matter that TMK labeled me a pumper (and then changed his blog post later once I was proven right, LOL kids…especially those who are too afraid to show their trades openly on Covestor…yeah I said it) and several people questioned whether the company was paying me for such a glowing review, I called it like I saw it (just like I always do) and as the stock gapped higher and spiked Monday morning all the way to $5.40ish before 11AM—that’s a 17% gain for you kids keeping track at home—I felt pride mixed in with some regret.
The regret was due to me being a lil bitch—even more than TMK—for having sold within minutes of the market open, at $4.88 for a predictable $400 profit, not because the stock was showing any signs of weakness (that didn’t happen until $4.99), but because I was so determined to close out the month/quarter over $20,000, which I did, now at $20,272, up 14% for June, 17% on the quarter and 63% since November 2007 (how you like me now you sissy value investors?)
What can I say; petty human milestones mixed in with me not being comfortable buying/holding breakouts. Did the same thing with previous perfect TIMalert pick TGC, sold it for a quick 5% gain, stock went up another 20% the next morning! Everyone knows I much prefer shorting…
The good news is, as I’m gonna repeat time and again, my shortcomings mean little to your trading. Since I’m honest about them, you know that if I exit a stock, it’s me playing it safe, being a wus, whatever—it’s worst-case/safe way to play it scenario so adjust to suit your personality. Infinitely more importantly, this proves yet again I know how to spot these big movers so I’ll just continue picking ‘em and you guys take it from there.
Oh yeah, the pride part, here’s a list of all this pick’s winners:
Mitil: CNEH…bought at 4.98 sold at 5.40 made about $630…thanks tim
BJPN has made about $800
Dave Roberts made a quick $200 before going to work!
PCola is now 2 for 2 going in with me on TIMalerts ($ amount?)
Lmsmith made $300
Dude75 made $250ish
Wes even made $50 on 100 shares!
GT4 made at least 60 cents/share ($ amount?)
GetShorty made $150
Adam made $450, and $785 in June! Jew yahhhhhhhhhh
and last but certainly not least Mike banked $2,500 on CNEH
All told $7,300 in gains posted by people, several thousand more emailed to me—putting the profit figure over $10,000—and probly much more from people who don’t want me to know how much my picks have made them! Any way you slice it, ‘twas a good pick for all involved.
Posted in Breakouts, Good Trades, Patience, Patterns To Buy, Testimonials