If you guessed I shorted 3,000 shares of IIJI right near the market open at $2.95, you’d have been correct…not that hard for anyone who’s seen my PennyStocking DVD, the chart was begging to be shorted:
Initial TIMalert:
shorted 3000 IIJI at 2.95, just as i said i might in my pre-market watchlist post…yes, you should be reading those you lazy people (i can see only 1/3 of you open those!)…this sucker is up from $1.8 even though they just warned in late october in THIS scary PR that showed how a 4% drop in revenue lead to a 49% drop in net income…yeah, they’re probly gonna start reporting losses if revenue drops another 4%…pathetic, disgusting, typical IIJI…recall in my book, their stock tripled form $4ish to $12ish a few years ago on hopes they’d IPO in Japan, they couldn’t even pull off an IPO due to lack of demand….they’re a national joke over there
not a great entry price, but it could/should fill the gap to 2.70…i’ll try to hold for 1-3 days and try to cover in the mid $2s, take losses quickly if it starts surging unexpectedly into the mid $3s.
2nd TIMalert, 2 hours later:
covered 3000 IIJI st 2.79ish…another trade where i don’t have time to watch so i take my $450ish profits, just like CVI, just like MECA, both of which dropped another 30%+ from my exit…hmmmmm, but i’m wrapping up filming the next few days on ShortStocking & PennyStocking Part 2 so that takes priority over trying to earn another $500ish if IIJI drops to my initial target of the mid $2s…snd I especially don’t like this big 9,000 share buy order at $2.77, that’s gonna be a pain to take out…and IIJI is reporting earnings tomorrow night (thanks to the TIMalert subscribers who found that, I missed it–told ya I’m not that smart)…and of course there’s market risk as the real reason I made $ on IIJI was the market tanked 300 points, nearly every little speculative stock up over the past few days is down 10-15%
PS PennyStocking part 2 is coming along so nicely, and its a bit longer than the original DVD’s 220 pages, coming in around 250, that its price is gonna be raised to $397…its my sistine chapel, wait til you see some samples slides…so if you want the $270 pre-order price, you gotta act quick, think by next Tuesday, November 18th
Probable more downside as its early in the breakdown pattern, but as I said in the alerts, I just really don’t have time to watch…gotta create more DVDs!
I made me $450ish on this piece of crap company, bringing me up to $34,399, up 177% in the last year, haters got nothinggggggg…especially once they see testimonials from TIMalert subscribers like:
Shorted 1,100 @ 2.93, covered @ 2.81
-etyrell
Made $100, too many bids underneath, EPS tomorrow
-BTB
Shorted 400 shares at 2.89. Covered 400 shares at 2.79 for a lazy $40.
-YG
Tags: DVD, Short Selling, Testimonials, TIMalerts
