This was sent to TIMalert subscribers early AM:
Some seriously good setups, again, more buys than sells, which is fine, actually better than fine since short selling is such a pain! Would be awesome if the market can rally here, feels like shorts can’t make much headway lower, but then again, the bottom could fall out when least expected…careful going into the weekend.
IVN is getting close to breaking out, resistance at $4…even then, not sure how much further it can go considering all the overhead resistance, potential buy or short depending on how it acts around $4
GMPM is a blatant spammer, up from 5 cents to 50 cents, try every day to reserve shares to short because these guys are shadows and dust, shadows and dust Maximus!
MIPS is the HRZ/SFLY-like earnings piker…all these charts are alike, big spike on surprise earnings after being beaten down, this one keeps going, hopefully SFLY will too!
HRZ just sucks—long or short–so it’s off my watchlist
MNLU is an oldie but a goodie stock that likes to spam, probable fraud, but it’s up from $3 to $5.5+ in 3 days, potential short, careful though, it could just keep going on pathetic volume a la SKYT
SKYT turned out to be a perfect long breakout play, too scary for any sane person to buy though, congrats to the few psychos out there that followed my PennyStocking Part Deux DVD’s rules for buying these volatile suckers, buying on the clean breakout in the high $3s and selling one day later in the high $4s.
SFLY is the one I’m long 2,000 shares overnight on at $8.18, full analysis/post/rational HERE…also HERE’s a good post with various charts, looks like it broke some key levels to the upside and considering in the past that even when a spike has failed, its failed after 2 up days, not just 1, methinks I’ll be able to sell this sucker today for some nice profits, we’ll see, I really think this is a high probability setup so I’m comfortable holding.
Posted in Potential Plays