This was sent to TIMalert subscribers today at 4 friggin AM:
Futures are up big right now after a big turnaround day win for the bulls…yes, this is what we need for more Supernovas, c’mon Dow 8k! Today we don’t have many great potential shorts, mostly just a couple of potential buys…
APAC I sold almost immediately because it didn’t breakout any further, lost $100ish, no big deal, ‘twas a good setup, I’d do this trade over and over again, got unlucky that the overall market didn’t surge until midday…check out all thetestimonials from people who lost a little bit…understand small losses are not the end of the world and they are NECESSARY for all real traders…I introduce them as testimonials because small losses are GOOD…as compared to the possibility of big losses (even though the stock came back a bit and is still a potential buy for a breakout!)
-$36.50 on APAC. 2009 TimProfit now at $519.26. I got out about the same price but had sold some at a profit yesterday afternoon.
Out at 3.30, about 70 loss
-72 on APAC, too slow on the exit.
out on APAC…75 loss…waay too slow on exit
Bought APAC @ 3.38, sold @ 3.32 – $230 loss
lost $180 sniff sniff.
bought 1000 APAC @ 3.42, sold at 3.27
CDE actually did breakout, even though I featured it yesterday as a potential buy, I wasn’t convinced it could surge 25% in 1 day…good news is astudent who prefers buying to shorting banked and emailed me:
Great call as usual Tim, I just cashed in $1326 for a few hours work! Thanx
ENTR is another $1ish stock like CDE, breaking out exactly like CDE…potential buy, but be careful due to all the overhead resistance from the longterm
CTCM is the same EXACT pattern as CDE and ENTR, but it’s a bit more expensive trading at $5.50 and the true breakout is at $6, so it’s still a potential buy if it breaks past that important resistance, potential short if it gets close to $6 and doesn’t breakout.
ZZ reported awesome earnings, and surged 80% on that surprise…it’s a clear breakout if it can break yesterday’s previous high of $2.99 and multi-month resistance at $3….I’m traveling today so I might iss it, but if it does break $3, $3.15, $3.30 should be highly probable, easy 5-10% if the overall market is acting right…of course it could/hopefully consolidate and breakout in the enx few days, which would make me much more comfortable buying
MMTIF reported a big contract win midday yesterday and surged 80%, let’s see how far this can go, potential short only if it really goes up faaaar too much.
ONTY is my only potential short, its surged from $1.50 to $2.50, basically due to THIS well written but ultimately naive article…is this a hot new biotech? Hardly, just another stupid journalist not understanding penny stock garbage…potential short!
Posted in Potential Plays