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How to Short Sell Penny Stocks: Example #2

Posted by Timothy Sykes on Thu 28th of May, 2009 11:30:16 AM

UPDATE: To the morons who only think I talk about trades after the fact and that I make up all these testimonials–the reason you’re a moron is that you actually don’t understand that this is my free site, where you get the same info, just delayed…aka good for learning, but non-actionable, if you wanna see my stuff real-time, sign-up HERE

Soooo many pumps, so little time…you saw example #1 on GRO from the other day, here’s the second pump I shorted in the last few days, following up on my original post HERE that details how the stock was meticulously pumped.

This was what I initially sent out to TIMalert subscribers:

Shorted 4000 NVGN at 4.58…i like that its still down on the day even though its tried rebounding a bit from the morning open, if it takes out the morning low of 4.25, its got no support whatsoever until the $2s so it could drop big…remember in my morning watchlist, i noted how this stock tripled form $2 to $6 basically just because its in the hot biotech space…I expect to bank on this one, but I will cut losses quickly if it starts spiking unexpectedly

And this is how it ended:

nvgn11 How to Short Sell Penny Stocks: Example #2

As I later said HERE:

NVGN I made $3,400 on and totally screwed it up…despite my confidence that it was the perfect overnight short, I chickened out and covered near the market open at $3.70…before it gradually faded—like most pumps do—to close at $3.10…obviously nice to have such a big gain, but no celebration for me since there was another $1-$2,000 if I had any guts whatsoever…congrats to the TIMalert subscribers who baaaanked, there were tons of you!

TIMalert subscriber testimonials:

$263 Profit Shorting NVGN and I got in late at $4.02 out at $3.48
Thanks Tim
-KHB

Out NVGN @ 3.31 made a killer 22%
-Sonid

Covered NVGN at $3.54 for $497 profit. You da man TIM!
-C.

out at 3.31 couldn’t wait for it to take that block at 3.30
$320 gain wish I could have shorted more
-Sunny

shorted NVGN again small gain + 100
-TJ

Got only 125 NVGN to short from TDA before market open. Only meager profit, but it’s by far the easiest $60 I’ve made from TIMalerts.
-Rsean

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Tags: ,

  • Ivan
    Tim,
    What brokerage do you use to short penny stocks because I have thinkorswim and
    its difficult to find shares to short.
  • CBOU buy! up on earnings
  • Worry Q. Worrywartstein
    Tim- you love throwing crap all over the financial services industry, especially penny stocks. you say the businesses are garbaggio and for the most part its all just pump and dump schemes through these email promoters. not that hard of a leap to say that some of these people arent the most morally righteous out there. do you ever worry about your safety given that you are so open and out there not only bringing awareness to this niche of the market but actively profiting from it along with your followers. security detail much?

    gl
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