The following was sent to TIMalert subscribers at 2am today:
Made $1000 yesterday, only position is I’m short 1,000 DDRX at $6.96 overnight
TIM trading account: $49,442 UP 11% in April, UP 15% in 2009, UP 298% since inception 18 months ago
No video watchlist today today as my video software just freaked out and I’m exhausted from trading, emailing, blogging (it’s free right now, I’ll be better prepared next week when there’s actually a subscription fee)
BCRX had the same morning spike caused by a short squeeze as the day before so I shorted 3000 shares at $4.48—8 cents better than the previous day—and waited for the gradual fade due to sellers firming up with gradually fading buying volume…got the fade, but it was choppy and I got faked out, covering at $4.25 for a $730ish gain….stock went below $4 , but actually spiked late day…potential short still, but gotta wait for it to go negative or short into a super-spike because there are waaaay too many shorts in this right now…some TIMalert subscribers made $:
covered BCRX for a quick $120 in 40 minutes- love the alerts Tim!
-Adam
Shorted 2k shares at 4.38 out at 4.08. +$600 profits Man up Tim. LOL
-Gary B.
SVA is a swine flu play that double-topped nicely in the $3 range, I shorted 3500 shares at $2.70, thinking it had a chance to take out support at $2.50…well, it had a chance, but I need to learn to wait for support to crack or almost crack before shorting and thinking the outcome will be in my favor…it did drop a bit to the $2.55-$2.60 range, but support held firm so I covered for a gain of $200 or so…gotta be more disciplined, still a potential short if and when it cracks $2.50.
DDRX finally had its 1st down day, a sweet morning panic followed by sideways price action meant the odds favored shorting near the market close for a probable afternoon fade and morning panic (both chart patterns are detailed in my PennyStocking Part Deux instructional DVD package)…shorted 2000 at $6.96, got a nice fade to $6.70, but somebody put in a 8,000 or 10,000 buy at the market order in the last few seconds and the stock spiked to $7.28 basically by taking out any sellers along the way….classic penny stock manipulation/painting the tape…I covered half my position at $6.90 afterhours just to be safe, but I’m still expecting a possible morning panic or some decent negativity below support at $6.80…this one’s runup waaaaay too much, at first due to earnings, but lately mostly on a short squeeze
Shorted @ 6.95 covered @ 6.78 with a stop playing it safe.
-Ross
NVAX downtrended in the morning, but the buyers held it positive all day and it spiked into the market close…plenty of shares to short now at Interactive Brokers, but I won’t short until it goes negative on the day…too many shorts involved mean they’re likely to get squeezed, especially with the risk of breaking news.
ODP is a real company with a real nice gradual uptrend, reported solid earnings yesterday morning and really surged…one TIMalert subscriber apparently was ballsy/foolhardy enough to buy before earnings and he baaaanked…congrats, but I’d never do that, next!
+$1913 on ODP (bought yesterday at $2.45, sold @ 3.23)
-SRT
FIG was a beautiful fade, cracking beautifully/perfectly after it opened just below support at $3.25, closing around $2.75…I missed it—even though it was in the watchlist the other day, I even got the breakdown points exactly right—but welcome to why I’m a newsletter writer instead of hedge fund manager—I know what I’m doing, I’m just not great at it! Good thing I have you greedy TIMalert subscribers to catch these things as they fall, see the one guy who posted his nice, if aggressive trade:
+$570 shorting FIG from $3.50 – $3.10
-K.G.
EFUT is an oooooold Chinese smallcap pump that always looks amazing fundamentally, but has something seriously fishy going on with it…reported another great quarter yesterday and the pump was on, up $3 to $11…actually up a nice $1 from the market open inside of an hour yesterday, but I was too busy playing BCRX and you never know when a pump like this will hold until the afternoon…late day it broke out to new highs, barely, so this could be a multi-day runner in DDRX-like fashion, potential buy.
ONTY has had an awesome multi-week runup and yesterday was some wild price action, as you can see from the chart I posted HERE on Chart.ly, potential short, but that mid-day dip took out a lot weak hands so I probly won’t try to short it unless the pattern is truly perfect.
COIN surged 66% to $1.40ish on positive debt news, this is strong fundamental news, not to be shorted…yet, no resistance until $2
DNDN had a wild day, $25 to $8 back to $26 afterhours, all due to stop losses getting taken out and their drug news at 2pm, I did not touch it and cannot advocating touching it long or short, no matter whether you made or lost money, you have no odds whatsoever, pure gambling, no thanks!
CEGE is like a mini-DNDN, it fell for a bit (but it’s only at 60 cents/share to begin with), then surged on DNDN’s positive 2pm announcement…should have continue strength today, but I’m not playing it.
OCLR surged 130% in the last few minutes yesterday, possible news so watch out, but that pattern makes it a potential short.
Tags: Potential Plays, Testimonials
