This was sent to TIMalert subscribers around 1am EST:
Remember, we’ve got LiveStock today 1-2PM EST, get excited! I’ll have a special announcement to make too!
A few trading opportunities today, but nothing major considering the overall indices are soooo close to completely rolling over…trust me, I was around last panic in 2000-2002 when major companies crash 25%+ in a matter of hours, smallcaps get annihilated..don’t even think about buying anything over the weekend unless we get a massive rally today, which seems unlikely.
IAUS has surged from 25 cents to 60 cents in just 3 days…they claim to have technology to revolutionize the solar industry…if I had a dime for every time a Pink Sheet stock said they were going to revolutionize something, I’d be richer than all of America…although that’s not saying much these days….this is a potential short, just wish it would get higher first because there’s so little downside here when we know they can pump out these fluffy PRs and penny stock saps—like those who actually believe in PSPM—will buy.
BPFH is up from $2 to $3.50 in the last few days, but it’s a finance company and they’ve got some serious choppiness/technical support in the low $3s…no resistance until $4, this is a potential short, but not until/unless the variables better align.
RKBD, the stock that has been spammed EVERYWHERE, predictably dropped 25% on the day, but nobody I know could find 1 single share to short…only market makers can find shares to short of these gimmes…too bad, but it serves little purpose to get angry, just be thankful for this kind of predictability and wait for the next one…think about it, if you try to short every single one of these gimmes throughout the year and only find shares in 4-6, all you have to do is earn $500/trade and the profits will not only make you happy, but they’ll pay for
ARNA has now officially busted through its support, coulda woulda shoulda shorted it, but I’m always surprised at how quickly these pumps disintegrate after the hype dies down…just like MELA…learn for next time, don’t let initial short-squeeze-strength/buyers scare me/you off.
FORC everyone is emailing me about, oh the spammers they are…so what! There are lots of spammers, unless they can duplicate their early 2008 spamming glory and make their stock triple/quadruple, I don’t care. As of right now, the stock has gone from 40 to 60 cents/share. I don’t care.
GOE is now down to $30, from $50 just a few days ago, fulfilling its MXC-like destiny…nobody has any shares to short, what another waste! The good news is this pattern works like a charm, memorize it.
LACO had a perfect double bottom off $2, the lows form November…volume is pathetic and so is the move, but it’s one to keep an eye on for potential short should it spike more…just another struggling casino.
MIC reported horrible earnings, suspended their dividend & admitted they’re going to let one of their main subsidiaries die…huge debtloads, little earnings in a weak economy, stick a probable fork in this one, potential short…especially if it can take out the $2 support that was the November lows
RATE might be a little higher priced stock than we’re used to, but the thing just cracked multi-month support bigtime..actually thought about shorting it during its afternoon fade, but then I remember, it’s a real company—their breakdowns are choppy/messy…wouldn’t be surprised to see a bounce…potential short—same exact kind of breakdown as KLAC as detailed in my ShortStocking DVD package, but be very very careful
Posted in Potential Plays