This was sent to TIMalert subscribers around 1am EST today, they were prepared, you reading this 12 hours later…were not:
Futures are up nicely on Obama’s choice of a secret service agent running the stimulus plan—reminds me of those commercials that “what if roadies ran the world?”
Add in some Sunday night news about the government stepping in to fund struggling Citrigroup—well, people are desperate for good news so sure, let em have this.
FLML I thought about shorting, but it’s down sooo much off its high already, some TIMalert subscribers really banked, one even Twittered me HERE…I was too slow…next!
AXU is a gold play whose nasty longterm downtrending chart is actually beginning to swing the other way…too bad now gold might have a rough day today potential buy on weakness, tons of support are $1.40ish
ARNA is now down to $4.86, nearly $1 lower in the 2 days since I and dozens of subscribers covered for solid profits…anybody still holding? Shows how much downside there actually is in these inflated puff pieces…I hope it drops more, could be a nice bounce play as we can expect the CEO to say something to cheer everyone up and get the hype message board posts and newsletters going again…remember the FDA decision is late March, shorts shouldn’t be too aggressive going into that time period.
ANDS had a great morning spike, tanked midday and then rebounded Friday afternoon with he market.
GOE reminds me of MXC…now having surged from $14 to $55 over the past 5 days…strange illiquid manipulated gold ETF…potential short if it doesn’t drop too much too quickly if/when gold tanks…tough play, not my bread-and-butter strategy.
PSPM collapsed 60%+ on Friday when they announced a financing with no details whatsoever. I’ll have a detailed post Monday morning on www.timothysykes.com showing you my reasons why I think it’s crap & why that big morning panic was predictable. 2 TIMalert subscribers shorted-you needed Interactive Brokers (I’m opening an account this week, I don’t care if they never return my phone calls)—and they each made a few hundred bucks…showed e a link that said there were 45,000 available shares to short, I’d have grabbed them all and banked $20k. Hindsigt is easy of course, but this chart pattern appears again and again, most notably in THESE.
RMX has a great chart pattern for short selling, but 15,000 shares daily volume is just too low to consider being worth it
SOAP hired an investment bank basically to announce they’ll do anything to get their stock up…nice desperation move, works well with blissfully ignorant penny stock investors…potential short if they can go up soe more and give me some decent downside potential as right now its only up 50 cents/share, not enough to get me excited.
SUF finally found its bottom at 50 cents after a longterm downtrend, but now its doubled in 2 days…let’s see how much futher it can, potential short though as the trend is firmly in place.
Posted in Potential Plays