The following was sent to TIMalerts subscribers around 1AM this morning:
Tough times in overall market land, futures are currently down 2%-ish, not good news with AIG needing more $ and HSBC being halted until Tuesday for some probable bad news…tough to buy anything in this nasty market, but there is some strength (which I look to either short or buy into, depending upon the variables):
CY is actually a potential buy in my book because it’s breaking out of a multi-month base—5 month breakout on strong volume on Friday…should continue to be strong, but it’s a gradual mover so I probly won’t touch it.
MIC collapsed another 37% on Friday—remember I said in Friday’s premarket watchlist after I listened to their CC, this stock could collapse if it took out the key $2 support…could/should keep collapsing, but the predictability isn’t as great as it was at $2…good thing several TIMalert subscribers profited:
Made $126 literally overnight, thanks hun! –D.
Shorted 5000 MIC right at the market open at $2.02, covered at $1.68…$1700 profit before commissions, yes Timothy, yes! –E.H.
AEB says it was up 40% to $7 on Friday, but it was just a typo…that’s why technical screens sometimes stink down here in the gutter of the stock market, just ignore them and thank God nobody smart has ever really looked at how predictable the real movers are or else all us less-than-genius-types are out of highly predictable patterns.
TAGS was up 90%+ on Friday to 70 cents/share, but it got acquired…sad day when a classic pump and dump stock of years past departs us…lesson learned is that 99.99999% of stocks that get hyped and message boards are truly worth less than $1/share
ANDS reported useless earnings on Friday, stock gapped down mucho, some TIMalert subscribers who like risk (I don’t like shorting ahead of unpredictable news) banked:
short on ANDS was successful. short 545@ 6.37, covered 545 @ 5.87, gain $272. Way to go TIMalerts!!!!! –D.J.
ZICA is another pump and dumper to get acquired, this one was only worth 60 cents/share! Seems like just yesterday (it was 2007) when this thing surged on massive hype to $2.50+….look at these guys’ charts and see why it’s so much better to short these things longterm if you have the patience.
JSDA is another former pump and dumper ($12 to $30+ within a few weeks back in late 2007), now up Friday 40% to 80 cents/share due to their new amino acid drink…seems like a stretch for be a big hit, but the pumpers are trying so let em do their thing. Potential short if this thing can jump enough, same old broken company as its ever been.
EFOI is another former pump and dumper ($5 to $10 within a few weeks back in mid-2007) to be surging, tis the season!….so far its risen from 75 cents/share to $1.50 on increasing volume over the past 4 days…no way can it keep doing this kind of trading volume without any meaningful news, the longterm perfect downtrending should resume soon, potential short.
GCA had good earnings late Thursday and jumped 25%, longterm chart is sooo ugly, I don’t think this one gets very far, think HRZ trying to breakout, potential short if it jumps enough
BX reported better than expected earnings Friday, gapped down and then surged, trying to put in a solid bottom, looks to me more of a Friday afternoon short squeeze, potential short if this thing can spike a bit more!
Posted in Potential Plays