Sent out to TIMalert subscribers waaaay early today:
Today’s gonna be an interesting day, Lehman going Chapter 11, Merrill Lynch getting getting taken over, financials are a lot worse than anyone thinks, let the Fed try to lower rates, we’ve got a lot of bad eggs in this joke an industry—dumb corporate drones and investors alike-time to throw em all out cuz they’re rotten!
Sure, this could mark the ultimate bottom, but market guessing games is not what I do….it doesn’t matter, us PennyStockers and PennyStocking DVD students are all cash, awaiting opportunities, laughing at those who are getting obliterated by the faulty diversification method….so today could be that day to reap some rewards if we keep cool heads as everyone else panics…
QCOR breaking out a of 11-month base, new CEO, gotta love these sketchy biotech’s, look at its chart, you’ll see what I mean, not a potential short, it’s a potential buy…yah, believe it.
FNET is an illiquid SOB, but it’s got a good chart to short into each and every time it’s ever spiked…shitty companies tend to be that way, resistance at $7, would love for it to keep going, but as always, watching and waiting for signs of weakness to short into as any negative price action—preferably in the afternoon—will likely lead to lower lows and a nice 50 cent+/share reversal
COIN/COINW are two you should be trying to reserve shares to short every day cuz the more it surges, the more downside is in stock..yes, it’d be better to buy, many of you are doin that and profiting nicely, but htat’s not what I’m good at so I can just sit back and wait for the spam emails to go out (that is confirmed now), the hype PR to keep being issued (plump cranberries too funny), let it do it’s thing, it will come back down and right now, support is at $7ish so the downside isn’t much to begin with…I want double digits!
CNWI was a great short, 40 cents off its $1.30ish highs, too bad couldn’t find shares to short
BBND, woooo hoooo, 2 up days in a row, pray this big down open doesn’t kill off all the strength in these stocks right away
Posted in Potential Plays