The following was sent to TIMalert subscribers around midnight this morning…yup, they were totally prepared for today, were you?
PSPM is a perfect chart that I love short selling…one look at the company and I know it’s rotten…breakthrough lighting, yeah right…somebody’s already short 100,000 shares (my upcoming TIMfundamentals DVD will tell you where I found that info!)…now it’s just a question of it going higher and me finding shares to short…10 cents to 50 cents so far, mehopes it goes to $1+!!!
MELA gapped higher to start, dropped $1/share due to the overall market’s weakness, spiked $1 higher mid-day, as I guesstimated it might in my premarket watchlist to TIMalert subscribers that any big spike would probly bee too fast for any TIMalert so why even bother—then it held strong the rest of the day….it’s still a potential buy as it can still surge, ARNA-like…maybe even buy on dips as I did successfully with HRZ, just gotta be careful if the sellers ever really fortify which looked possible a few times yesterday
IAG is the latest hot gold stock, potential buy if gold decides to go Supernova/parabolic…watch my first PennyStocking DVD if you don’t understand what parabolic means
ISTA finally tanked, 15% in one day, nice, but illiquid and there’s support everywhere…potential short still
SIGA has now had a nice breakout past bigtime resistance at $4…bigtime breakout, not so fast, resistance also at $6, potential short, although shorting these biotech runners has been tough as of late so be extra careful in this environment.
STEM ran just like I thought it might and told you TIMalert subscribers in yesterday’s pre-market watchlist…glad some of you banked:
Made a quick $332 in 10 minutes, thanks Tim! –JJ
$896 in profits pays for a combo DVD package, still holding 2k overnight –Rich M.
Stem gave me a nice $196 inside of an hour, thank you Sykes -AMS
GERN spiked a nice 50 cents off its morning lows, but its being held down by their massive dilution/financing the other day…tough to keep a bad company up!
HRZ was the one I made a quick $425 on, buying into the low volume morning panic…a pattern detailed on my PS2 DVD….no real way to send out alerts for something that quick, gotta be prepared ahead of time…glad some DVD students bought/were thinking of buying even before I did…not a pattern with huge upside—as I said in the trade alert–so I took my profits and didn’t look back…easy little gains like this are possible if you realize a few things like a.) this thing was breaking niiiice Friday and b.) it tanked this morning due to the whole market being down, but also stop losses from those who bought on Friday which add up to c.) meaning the down move was too much and a bounce likely. Welcome to PennyStocking kids!
CPWM is a Wal-Mart wannabe, stock jumped 50%, people speculating this depression will help, methinks not, potential short if it can get up some more on more trading volume too.
ARNA I save the best for last because this one just didn’t want to go down…still waiting on earnings, but no matter yesterday’s rebound, volume faded so it’s going to be tough to keep the stock up in this altitude without some serious sugarcoated cheerleading very soon…potential short
Posted in Potential Plays