This was sent to TIMalert subscribers at 8Pm EST last night:
Yesterday was my first loss in my past dozen trades…all streaks come to an end, but I cut my losses quickly on RINO and avoided a large loss…still up $1,000ish in July after my 12% June gain and 20% gains in May….it’s all about protecting gains when you’re wrong and wrong sometimes I will certainly be.
TIM trading account—now stands at $65,162, down $700ish on RINO, that strength turned into weakness verrrry quickly…now up$1,000ish in July alone, up 53% in 2009 and up 425% in the last 20 months, up from my original $12,415 November 1, 2007.
Longer Term Account $51,918, no trades/positions, up $1,918 since May 1st inception
Disappointing day, but TIMalert subscribers still managed to lose only $1,000 or so yesterday as people’s VRAL gains mopped up much of the RINO losses…NVGN was huuuuge, too bad more people didn’t play that one, check out the testimonials:
Sold VRAL ..Bought 50,000 shares at .099 and sold around .12 900.00 in profits.
-zulobb
Bought 10,000 shares at .103 while at home and sold at .124 while at fisherman’s wharf using Think Micro.
-N.S.
Bought VRAL this morning. Sold at .13 for a $284 gain.
-ehrof
Out VRAL @ peak 12.5 for a $440 profit I learned allot, Thanks Tim!
-Bill S.
Cut losses on RINO at -$924.
-dmitry
Got out of RINO @9.01 for $200 loss.
-parabol
-350 rino
-akpirani
out on rino 200 loss
-TF
Out RINO $9.05 loss 407.
-Chevy
out of RINO loss of 400
-wallie
out rino -440
-wakeboarder
sold rino at $8.81. outcome: -8.7%
-qbantek
NVGN and MSHL I was DEAD ON as yesterday I said “could have continuation potential for another day, but remember how good a short these stocks were last spike up, I’d say both are potential shorts on any excess strength and proper fading price action as outlined in my PennyStocking DVDs” and that’s exactly what happened, NVGN was a great morning spike for $1+ within the first 30 minutes of trading, then an even better short for $1/share+ the rest of the day…same strategy today for these things, only problem is finding shares to short, welcome to the ONLY reason why I’m teaching you people instead of just profiting pump in pump out…of course you’re not gonna find shares to short of the single-greatest gimme out there, prepare to be frustrated, but you still gotta try because when you do find shares, it’s great!
VRAL was finally featured on NBC yesterday at noon, with a fully expected slickly-produced infomercial…the promoters sold hard into any gullible buying and the stock quickly tanked from 13 cents to 9 cents/share…I wasn’t even tempted to short because the price simply isn’t high enough…contrary to some message board postings, I wasn’t long, I’d already sold for decent, if unspectacular, profits the previous day…I doubt I’ll trade this as its not volatile enough, the promoters are too greedy, unwilling to truly pump it to 15- 20 cents/share in order to sell their tens of millions of shares of compensation.
RINO I sucked up losses at $9.01, the price at which I said was my mental stop loss in my initial alert to TIMalert subscribers…had plenty of time to limit my loss earlier, but I liked the story here and that clouded my technical sense as price action sucked…the stock finished lower at $8.60, very disappointing, but I’m glad I stuck to my guns and stayed disciplined…$700ish loss hurts, but not that bad…this is still a potential buy if it can ever breakout past the former highs at $10, but this double-top is gonna be tough to overcome without some serious volume/positive news…my apologies to TIMalert subscribers who lost on this, all I can say is that it’s crucial to cut losses quickly.
DYAX had its first down day, nice morning panic followed by sideways price action, but the stock is only up from $2 to $3, so there’s not much downside to get me interested, not to mention, there was a slight uptrend all afternoon…potential short below $2.75, downside to $2.50ish is likely
GRVY is a sleepy $1ish penny stock that surged 50% yesterday to $1.60 as people apparently like their earnings report…the fact that it spiked right at the market open and held its gains bodes well for the next few days, potential buy, $2 is certainly possible here.
PLAB broke out of a multi-month base yesterday in the $4 range, but it didn’t finish very strong…boring real companies rarely have perfect technical patterns, this is still a potential buy on the pattern alone, just gotta prepare for choppiness
IIJI might be a worthless internet service provider on which I’ve made $100,000+ (see my book “An American Hedge Fund”) but it’s breaking out a multi-month base…the stock isn’t as volatile as I like, but this is a solidly bullish pattern, potential buy as methinks it could run to $5+
Tags: Potential Plays, Testimonials
