This was sent to TIMalert subscribers in the weeee morning hours today, signup HERE already!
So my short on XTXI didn’t work out yesterday…worse things have happened and
I cut the trade quickly to avoid any short selling pain…some TIMalert
subscribers & DVD students profited by being quick on their exit and
some even went so far as to buy the stock when it failed to take out support
at $5.20 (yes you can use my TIMalerts for buying too, as I wrote about in THIS POST), bravo to all those who profited, you guys are my Eli
Mannings, being better traders than I ever was…lets see some testimonials
from them:
Covered XTXI short from $5.30 to $5.50, took a $210 loss. Then went long
XTXI at $5.50 and still holding at this time with a $700ish profit. $500 net
profit as it stands now. -Adam N. _
Up $1553, shorted it twice, once yesterday and once today on 3500 and 3000
shares. -matthewcox
I missed the short, but now I’m long! Up 8% right now! -youthfulinvestor
COGO consolidated well, but couldn’t breakout….yet, definitely still a
breakout watch candidate above $6.40ish
IBNK has doubled off its lows, but the company stinks soooo bad, it can’t
even rise that much during the January Effect! Gotta love it and short it
when it shows signs of cracking…for those of you who don’t know what signs
of cracking are, watch my PennyStocking Part Deux DVD, plenty of
details/chart patterns—even intraday patterns too–in there, I created it so
I wouldn’t have to repeat myself each and every day
MCGC has narrowed the range for a good short between $1.50 and $1.25, no
thanks
RVEP has dropped too much on light volume to be a worthy short now, bye bye.
WOLF just keeps going gradually higher, it will tank eventually, but don’t
fight a gradual uptrend
PARD is the same exact thing as WOLF, keep it on your watchlist until it
shows signs of cracking, then pounce!
XTXI was the disappointing one that didn’t crack the prior day’s low of
$5.20, but still offered a good 30 cents/share in profit to anybody quick
enough…not great, but not a disaster either…unless you were stubborn and
refused to cut losses/gains after support held…lesson learned for a lot of
you! See what this one guy learned:
Got brutalized on this one because I didn’t listen. Could have covered at
-5% but thought I would hold and see it drop. Thought I was smart since I
bought it ahead of tim alert and bought more after his alert. Covered at
-15%. out $700. Learninng by hard knocks on that one. Watched the part deix
DVD. I knew better. -bgw
XTEX actually went sideways and broke out a bit…gooood, let it squeeze some
more shorts!
Posted in Potential Plays