This was sent to TIMalert subscribers at 1AM today, they were prepared for today:
Sooooooo many plays, sooooooooo many TIMalert subscriber testimonials, today should be another good day, but I’ll be flying back to NYC so that will certainly hurt my trading ability!
CZZ has doubled from $2 to $4 in a few days, right at multi-month resistance, potential short…don’t get faked out by possible morning tanks, this one just keep squeezing early shorts!
ZLC also keeps squeezing early shorts, much better shorting potential though as it had afternoon sideways price action…if it takes out $4.50, it could drop quickly to $4 and maybe even below depending on stop losses…potential short
RHIE was hyped up by value maven Todd Sullivan the other day—they make made-for-TV movies and supposedly have a $8ish book value (see post HERE) so the stock has stairstepped higher from $1.5 to the mid $3s, it ALWAYS spike sin the morning then goes sideways in the afternoon…one of these days it won’t be able to spike and the downtrend will begin…potential short (especially since it was such a great short after its only 2 previous multi-day spikes
XING surged 30% yesterday on news of paying off some noteholders, very positive fundamental news, not a short unless it really starts jumping more.
SAH opened down big, but finished strong yesterday, I thought it was gonna be a great short, but it proved to be the exact opposite…I definitely will not short into such positive price action
ASH has surged from $7 to $14 the past several days, yesterday was the first big negative day…but it was all at the beginning of the day, it closed strong…potential short if it cracks $12.60, but downside is only 50 cents/share until there’s support at $12 so I’ll pass
BYOC is the latest true pump and dump (see all the pumping HERE and learn what it all means as I explain it all in my brand new TIMfundamentals instructional DVD)…Such a potential short, its scary…look at that 3 day chart pattern
DNDN was the one I shorted 1500 shares of yesterday at $6.74, made nearly $300, took profits after I saw the stock was holding the $6.50 level mid-day…it did crash late afternoon, but when a stock can’t go negative on the day, it means more upside…this is still a potential short, but gotta be careful of squeezes. Anyway TIMalert subscribers banked right alongside me:
Sold at 6.86, covered at 6.60, banked $250 after commissions. Good job Tim.
-Phil
No more shares of DNDN to borrow at TOS. +$248 , Bought back at 6.59
-MCB
Nevermind, stopped out at 6.42, total profit after comms $143.42, $123 of those thanks to reshorting
-G.S.
Made 485 on DNDN while I was sleeping. He he he.
-Erik
out @ 6.64 for a $120 take
-J.K.
out @ 6.71 made $30 after commissions
-John
Just signed up for your TIMalerts newsletter. I shorted at 6.86 and covered at 6.7 for an $80 dollar profit
-V.
Made $20, should have made $150, good point on only getting greedy while the stock is red for the day. Sold at 6.85 covered at 6.80
-G.S.
TO has the perfect longterm downtrending chart, surged 144% yesterday and would be a great short if it wasn’t only a $9 million company…companies that small can keep going more because what does a few million matter if a pump or hype is on…potential short, but hopefully much much much more upside/liquidity first
CENX had a huuuuge morning panic, which several more experienced TIMalert subscribers took advantage of, then it rebounded a bit, but still finished down on the day…this is my #1 potential short for if it takes out $3.30, there’s no support until $3, easy 10%..God I love this pattern, too bad the stock isn’t up more to give us more potential downside
shorted CENX at 3.65 covered at 3.35 for $490 in profit
-Jeff M.
shorted cenx @3.60 covered @ 3.40 +$82 which follows my 5% rule to the T ,
-Dave
Took CENX on green/red, covered waaaaaaaaaaaaay to early, gosh I suck. +$170. 2009 TimProfit to $689.26
-Reaper
VIFL traded too few shares to even be worth any commentary, next!
Posted in Potential Plays, Testimonials