This was sent to TIMalert subscribers at 2am today:
TIM Trading Account: $48,589 +$750 yesterday on my overnight 4000 BCRX short position at $3.28…still holding…see comments below
Longer term Account: $50,575 (yup, just started a brand new $50,000 account to eventually allow subscribers to auto-trade through Covestor based off these longer term trades) +$575 yesterday, long 1,000 AINV at $5.84 and short 2,000 BCRX at $3.30
+$1,325 yesterday, goal is to lock in those gains as my 2 positions ideally extend their trends…video watchlist link will again be in the comments section of TIMalerts.com today…
BCRX was a great morning short, bounced mid-day, then faded nicely throughout the afternoon…scary stock that likes to squeeze, but I shorted 6,000 shares in total between my 2 accounts at $3.28 and $3.30 because while it had a chance to squeeze late day, the buying dropped off and that led me to believe it’d retest the $3 lows…closing perrrrfectly just above that hugely important support level means if it starts going negative AT ALL today, short sellers will bounce, longs will freak out and with any luck the stop losses at $3 will get taken out and we’ll see a quick or even gradual drop to the $2.80-$2.70 range…maybe even more because if we get some true morning panic (the kind I outline my in my PennyStocking Part Deux DVD), there’s no support whatsoever until the $2.3oish range…of course buyers might try to be stubborn so I might have to take profits above $3 if the stock proves it can’t crack…either way, my shorts are looking pretty good overnight…even more gratifying that several TIMalert subscribers profited from the morning drop:
Thanks Tim, Again, A Morning Profit of 424$ on BCRX..
-U.
Out of BCRX at 3.12 for $570!
-Webster
AINV I bought 1,000 shares of at $5.84 because it broke out a multi-week base and this is just the 1st up day…soooo many other technical breakout plays have been surging for multiple days, so I hope the breakout will resemble RICK/HRZ/RTEC…but just in case I kept the position small…no resistance until $7, I aim to take $1/share profit and while right now I’m detailing my longer term trades, soon when Covestor goes auto-trading, I won’t detail them to anyone outside the program.
CPSL and CHNR are 2 Chinese metal plays that have now been surging 2 days in a row—CPSL $1.50 to $3 and CHNR $9.5 to $11.5—both pure sector hype and momo, I love it….CPSL obviously has better risk-reward due to the incredibly fast surging, both are potential shorts, but only when I see the proper fading price action (as outlined in my PennyStocking Part Deux DVD package)
CENX is the potential buy I had on my watchlist 2 days ago, surged 31%, some TIMalert subscribers baaaaanked by simply having a little patience:
Out CENX 6.68, up $1790, and I’m off work today.
-McBowler
MNTG was a beautiful late Friday afternoon breakdown…as I was stupidly busy watching BCRX, this one faded perfectly after some serious sideways price action, opening the door to Monday’s 20%+ morning panic…well done MNTG and well done some TIMalert subscribers who shorted it:
Covered 2000 MNTG @ 1.56. Was short from Thursday 30th of April @ 2.09. Net profit of $1040 on MNTG.
-N.
COT I called correctly as a potential buy…lots of TIMalert subscribers profited, but now its come very far very fast…not quite a hardcore potential short, but I’d say its getting closer to being more of a short than a long, even though same pattern play LNET keeps uptrending gradually (COT tried breaking out late day yesterday but failed…probly because it’s so over-extended)
Tim i love you man!!! keep the buys coming son!! you can pick em’ $360.00 profit on a small account on COT
-matt
I got bored with COT. Out at $4.12 $256 profit.
-Robert
FIG is the investment company that keeps surging…good sign for same sector company AINV, especially since FIG gapped up nicely the 2nd day of the runup…this stock has a good history of retreating after 1-2 day spikes, potential short, but of course gotta be careful given the strong overall market. SRT was all about this on the TIMalerts.com subscribers-only website and some listened, good job
Sold FIG @ 5.10 for $195 profit, thanks SRT!
-Pat
PQ is a 2-day spiker from $3 to $4.50, same EXACT kind of breakout as AINV (bodes well for me today!) I said it was a potential buy just as AINV/RTEC/HRZ all these stocks with this patterns are potential buys…I like that people are listening to me:
Actually Tim had the PQ call. I got in this morning at 3.80 after reading the watchlist. Looking good… Thanks Tim.
-Carol
CROX is breaking out big from the low $2s to the low $3s in one day, congrats to Andy Swan who called it and is now richer so he can buy out a NYC bar one night and buy us all drinks…do it Andy!…who knows how high this goes, all sorts of real distressed stocks just keep rebounding, let the pattern play out, potential short.
RUTH had its 1st down day after its $2 to $4 multi-day runup, perfect perfect perfect perfect shorting price action, complete with morning panic, mid-day bounce, afternoon fade…but they’re reporting earnings today before the market open so no overnight short for me, no way…let’s see how earnings are.
BEE was a good call on TIMalerts.com, from $1 to $1.15, woo hooo, bore me to death people, potential buy if you wanna buy a boring breakout…fine for those who are great timers, but not for me and all those bad/only decent timers out there, next!
EVII quietly faded, as ALL pump and dumps do after several days, back to the $1.50ish level, a few hundred profit for the Interactive Broker users who are using the few thousand shares out there to short…not an exciting trade by any means, but a very high percentage short and its not over yet…
WWAG is the stock being promoted by The Dean…now 20 cents up to 60 cents/share…either he got good or they hired some bigtime promoters…who cares, this is the same promoted piece of crap its always been, I hope he/they can get it over $1/share to make a truly worthy short as 99% of promoted stocks are worth a penny or two/share after a few months/years…patience, let the promoters do their jobs
EVSO is a piece of crap pump and dump up from 50 cents to $1.50, such a potential short its scary, glad there ae shares to short even though it’s a Pink Sheet company…wait for the fade, careful, it’s being pumped very professionally
CAEI is a 1st day multi-month breakout, $1.50 to $2 so far, but I don’t care about it because there’s resistance everywhere above and it just doesn’t move enough/has a bad history of past breakouts…next!
Sold CAEI for a +178 gain, too slow for me.
-SRT
DRYS fulfilled its chart breakout, from $7 to $9 now in 3 days, congrats to those who got in, one TIMalert subscriber in particular named Will supposedly made $12,000+ but he doesn’t want me posting his email/name so who knows if he’s telling the truth, I won’t count it…officially.
BOSC was StockPreacher’s latest pick, up from 70 cents all the way to $5 within a few minutes, tough to buy unless you were very very quick…impossible to short, too bad, next!
OCNF is the last one breaking out of a multi-month base, but I didn’t buy it because its already gone from $1 to $1.75 in just a few days and there’s resistance at $2…congrats to InvestorsUnderground for buying it at $1.60ish, decent if not great gain
Posted in Potential Plays, Testimonials