This was sent to TIMalert subscribers at 2am today, yeahhhhh boy:
Another wacky day full of dozens of penny stocks jumping…no big winners on the short side…yet…tough to find borrows to short a lot of these stocks, but Interactive Brokers had some of each…
GGC continued its recent surge, gapping higher and surging in the morning to nearly $2, making it a perfect quadruple off the 50 cent mid-day price form the day before…financing news can do this…it started fading late afternoon though
Shorted GGC 1000 @ 1.74 and covered at 1.61 for a quick $130 profit. Thanks Tim!
-K.
JAVA the big company doubled because IBM will probly buy them out…I’m not interested, merger guessing is not my strategy, please stop emailing
CHRS is a struggling retailer that has now tripled from 50 cents to $1.50 in 5 days…guess what my reaction is…seriously guess.
SIFY jumped 110% on the day yesterday to $1.40, all in the last 30 minutes…maybe some short covering or margin call buying? Nobody seems to know, if it spikes in the morning, it’s definite potential short, EVC-style from a few months ago (look at the October spike)
SFN keeps skyrocketing on a daily basis, now triple from $1ish in 10 days, it’s a choppy chart, and yesterday it found support multiple times at $3…if it does go negative, I’ll look to short just under $3, no support until $2.50
RGR is actually looking like a breakout soon past $11, but volume is fading…potential buy if it can breakout convincingly
BZH is a struggling home builder…now up 25 cents to $1ish in just a few days…I don’t like distressed companies, but a 400% rise for a probable bankruptcy gets me interested, potential short if any of the intraday signs of weakness that I talk about in PennyStocking Part Deux appear.
SEED is a true piece of crap, but it’s agriculture so it’s hot, up 50% in 2 days and it’s pumped by Jonathan Lebed…great, great potential short sell, just gotta find shares to short…hopefully there’s one last squeeze before it pukes so that squeeze will open up shares to short.
FEED is the one I’m short 4000 shares overnight at $2.41, great reversal pattern on the day, tough little squeeze right into the market close, but it only finished up 2 cents/share on the day, $400 unrealized loss for me, so it’s gonna be tough to go up strongly today…resistance is in the $2.60-$2.70 range…of course this overnight Forbes article isn’t going to help…the author, Lisa LaMotta, nicely confuses the fact that FEED has not been gradually rebounding due to any change in Chinese agriculture, it’s just jumped 3 days in a row based on positive, yet sketchy (they didn’t break the quarter down, just reported annual!) earnings..and Lisa, quoting Rodman & Renshaw analyst, are you serious? Those guys run a practical boiler room, and their goal is to take fees from PIPE financings they organize, c’mon, don’t be so stupid. Your naivety will suck some saps in, probly lose them money and then they’ll blame penny stocks when they should really just blame you….sad, but that’s the game…it wouldn’t surprise me for FEED to show some strength in the morning due to the late day squeeze and this Forbes puff piece, but it’s gonna be tough for it finish green on the day given that supreme reversal pattern form yesterday…I will play it conservatively since it is an earnings play….support at $2.25 and $2.15, after that’s it’s a home run.
GRO surged 50% mid-day yesterday because it’s an agriculture play and all of them are hot right now…seriously, as evidenced by the chart, the company’s got nothing going for it. This was just its first up day, but it’s a huuuuge potential short, hopefully we can get some more squeezing going on first!
CWST has surged from 50 cents to $1.25 in a few days, and it yesterday looked like the reversal day, but it was a fakeout…the intraday strengthening is a sign not to short…don’t short unless a stock really starts fading, especiall in this newfound wannabe bull market.
ASTI continued its multi-day sideways price action, this one wants to drop but PR man Jim Blackman combined with the overall market strength won’t let it…potential short on any technical breakdown
AZC is a metals play benefitting from metal strength, I’m not really interested but thanks to those who emailed about it.
HOV was big Phil Davis’ pick back on LiveStock a few weeks ago, he was in at 60 cents, but I think he got stopped out…nonetheless, his options people banked on it now that its risen 50% to $1.50ish yesterday…some TIMalert subscribers remembered his call and they banked too…remember, contact me HERE if you’re interested in being kept in the loop about Phil’s upcoming instructional options DVDs
TRW is an auto play that’s nearly doubled off its $1.75ish lows in 2 days, this is apotential short if I’ve ever seen one!
Posted in Potential Plays