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Chariots Of Fire, In The Form Of Low Priced Stocks

Posted by Timothy Sykes on Thu 18th of Dec, 2008 08:53:20 AM

I don’t know what set it off, but PennyStocking is on fire right now!

Look at the chart below and see how it’s not random nor is it very tough to predict what’s gonna happen to these stocks…after all the chart patterns are EXACTLY the ones I go over and over in my PennyStocking Part 1 and PennyStocking Part Deux DVDs…

…and if you’re too lazy to learn from my incredibly detailed instructional DVDs, I’ve already sent out and posted on the TIMalerts.com subscribers-only website my takes/analysis on these stocks for today, and you might be surprised as to my conclusions (Signup now so you don’t miss tomorrow premarket watchlist or any of my real-time trades on these suckers!)

And yes, you’re reading this correctly, these are only 5-day charts:

5day1 Chariots Of Fire, In The Form Of Low Priced Stocks

5daytoo1 Chariots Of Fire, In The Form Of Low Priced Stocks

5daythree1 Chariots Of Fire, In The Form Of Low Priced Stocks

5dayfour1 Chariots Of Fire, In The Form Of Low Priced Stocks

5dayfive1 Chariots Of Fire, In The Form Of Low Priced Stocks

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  • greymatter
    Muddy and Adam, thanks for your answers once again, appreciate all your help.

    Yes, I do see "How I find darkside watches" on your darkside blog. It is amazing that you can go BOTH long and short on these stocks with 15-40% gains over the past few days.

    Congrats. I am still new and learning.
  • Muddy
    Hi Grey....

    It was on my scans (you can find how I find them on my darkside blog listed under "important posts")on 12/16 http://darksidetrading.blogspot.com/2008/12/wat...

    Plus,yes we saw it on the scrolling hod list

    I saw the 1 cross and said..

    [Tue Dec 16_13:11:25 EST 2008] Muddy ARSD borrows on ib,when reverse starts
    [Tue Dec 16_13:11:45 EST 2008] Muddy ARSD right on 1
    traded it long from that 1 to 1.35
    [Tue Dec 16_13:13:22 EST 2008] Muddy ARSD might climb that 1 mark
    [Tue Dec 16_13:37:22 EST 2008] Muddy ARSD 1.17
    [Tue Dec 16_14:03:30 EST 2008] Muddy ARSD maybe ready for more at 1.18
    [Tue Dec 16_15:09:19 EST 2008] Muddy ARSD not done yet 1.27
    [Tue Dec 16_15:28:56 EST 2008] Muddy bid up ARSD
    [Tue Dec 16_15:29:13 EST 2008] Muddy get it over 1.50 i hope

    And yes that day ARSD was way jiggy on the BxA sixe/exchange action,when I see that on a momo,I can almost tell it's got more,you see I say "bid up" at 1.27,that meant the pps and ask were standing still but bids rising.

    So to short I was just waiting on a sign of red hold,like I had said IB had borrows and I got them,got the reverse and worked out well from 2.40 to near eod 1.45 for 40%.

    35% long,40%...75% total just keeping it simple and using scrolling hod list AND those scans..on a junker like this ,ones that come along way more often than you'd think...no matter the market enviroment
  • AdamN
    Great trades Muddy, it's been a wild ride as of late w/ all these boomers, gotta love it.

    greymatter, I get my plays mainly from Tim's or Muddy's site, I just let them do all the work, then plagarize :) If you have a small account just look for the best setups and narrow your choices down to only a few if you are limited by PDT.

    Once you start losing or making money on these stocks, they'll start being engraved in your memory, trust me.
  • greymatter
    Muddy, how did you come to know ARSD ? Was it a previous dayranger that appeared on one of your scans?

    Or did you hit the hod/lod list or got jittery and you liked its price volume action?

    Thanks Muddy and Adam and all the great guys for sharing.
  • Muddy
    Adam...
    Great short on ANSV.
    I almost mirrored your trade,shorting from .92 but holding overnight.
    Just me but I see even more downside.
    DVAX was a beauty on the 2 crack...shorted at 2.03 in anticipation of that crack,rode it down to 1.37.

    Hope these huge junk fliers keep coming.
    ARSD was so easy it was a sin..arabian american development co.?
    from .49 to 2.50 in 6 days? huh?
  • greymatter
    hey adamn, Thanks for answering my questions.
    Do you use the scans that muddy and 13th use? As a newbie, I find it overwhelming even to watch 2-3 stocks a day. And these pros can do hundreds from their scans.
    What do you use for finding worthy stocks to watch?
  • AdamN
    No, I don't really know the stocks like Muddy does. I do know, however, that a beaten down drug stocks with positive drug test results can really soar (think 100% - 1000%) in a matter of days, that's why I jumped in ANSV.

    I am at the beginning stages of recognizing how stocks move. For Instance, I caught XL today when it broke $4 and rode it to $4.50 because I knew from past experiences that it could really fly when it starts to move. It's all about learning the general patterns like Tim outlines and then fine tuning your skills by recognizing past movers and the factors that influence them. Of course the fine tuning comes w/ experience, but every week I pick up something new.
  • greymatter
    Thanks Adam.
    Do you "know" stocks like Muddy do? As in, have them printed in your mind and knowing when they start to run?

    For ANSV, it is a new stock, but I guess once you know enough stocks, you get a general idea?
  • AdamN
    I went long because it had positive drug test results, nothing to do even number on that call. These drug stocks can really run, especially one that started out at $.10

    As for the short, you'll notice I waited until the stock dropped under $1 and was almost red on the day before I entered that short. That gave me the best risk/reward since it was way off it's highs and broke the $1 mark.
  • greymatter
    Congrats, AdamN.
    Did you go long because it broke the round number .3?

    And did you go short because it looked like it could go to 1?
  • AdamN
    ANSV was a fun one. I didn't play even close to perfect and I banked a total of $2800 playing it long and then short. See trades below.

    12/16/2008:
    Long 20000 @ $0.30
    Sold 20000 @ $0.4125

    12/17/2008:
    Short 2000 @ $0.925

    12/18/2008:
    Cover 2000 @ $0.65
  • msix, all have different variables involved, as my timalert subscribers know...the key is understanding and reacting tot he diff variables
  • msix
    For now ANSV down about ~30%, DVAX up ~8%, NVD up&down&up ~9%, NG down ~15%, RVI up ~5%.
    Trends looked similar untill today, now it haves each self behavior.
    Is there a point or smthng?
  • Tim, check out my DVDs, both questions--and many many many many many more--are answered there:

    http://www.timothysykes.com/store
  • Tim
    Tim,

    Got two question for ya.

    1. Do you go "all-in," on every trade?
    2. Do you think you'd be able to get the same returns if your account was larger, say, 75k... or would it to be hard to get in and out of the momentum stocks like you do?

    Let me know.

    Tim
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