You’ve probly already read my first post on why I initially shorted CWST, but here’s the aler I sent out to TIMalert subscribers yesterday morning:
Covered 4000 CWST at $3.70ish…I just covered after walking into my Venice
hotel room…2 minutes too late to get the ideal exit around $3.50-$3.55
(hopefully u guys did!)…got some video I’ll put up later…not really a
surprise it didn’t crack below $3.50…but what a play this was, sometime
you just gotta be quick, use your small account size to your
advantage…trade like a sniper…i don’t care what this stock does now, all
I knew was that a few stop losses and a few worried/bitter shareholders
would want to sell into fleeting strength on Friday and at the market open
today….again, aim small and you’ll do great…i didn’t have the a great
entry nor a great exit–both could be anticipated easilyyyyyy and yet I
still made $1100….welcome to PennyStocking!
And you probly already read about my subscriber who really banked:
Ended up shorting 14.6K shares average price $4.04. Covered 5000 @$3.52 and then covered up to $3.88 towards the end of the day, covering in 1000 share increments. Haven’t figured it all out yet but I think net of $3500-4500. Thanks Tim
My average share price was $4.08 for the short, more than I thought. Realized gain was $4993.00.
-Pats4P
…but now there’s more testimonials, mainly from DVD students who understand you gotta be quick to take profits if technical support doesn’t crack (don’t know why that’s so hard for soooooooooo any TIMalert subscribers to understand, I chalk it up to a lack of experience:
$780.75 on CWST…I was a little worried holding over the weekend so I covered right away with most shares bought back between 3.55-3.60 and the rest up until 3.70. Nice one Tim…hope your enjoying your trip!
-Davey
I missed the 3.50 covers both days. Ended up with a 25 cent gain after commission.
-lsutiger
$48 profit off 400 shares.
-YG
Let’s take a look at the chart:
I’d agree with TIMalert subscriber “lsutiger” that this was a tough one but the good news is that even if you missed the ideal exit, which both he and I did while TIMalert subscriber Davey nailed it, the risk-reward was superior and you’d have to be quite incompetent/ignorant/unleanred not to profit 20-30 cents/share, especially since this was easy to borrow at any reputable brokerage.
Tags: Good Trades, Testimonials
