This was sent to TIMalert subscribers at 12:30am EST because I have no life whatsoever:
LiveStock is today 1-2PM EST and its gonna be a little different, check it out HERE
TIM trading account—now stands at $68,254, made like $40 covering my OHB short early morning when the morning panic didn’t happen…no other trades/positions…up 7% in July up 60% in 2009 and up 450% in the last 22 months
Longer Term Account $53,668…made like $40 buying and getting scared out of DDRX’s breakout attempt…man oh man am I wimp…or maybe a better analogy is a castrated choir boy…yeah you TIMfundamentals DVD buyers know what I mean…account is up 7% since May inception
Some TIMalert subscribers lost some hard-earned capital yesterday and I have a feeling its due to a lack of understanding of my strategy…since the majority of you refuse to study the guides I have worked so hard to create to help you better understand my strategy, I have no choice to point out that I will exit a trade at the first sign of the stock not acting the way I wanted (barring pump & dumps where its tough to find shares to short)…when OHB didn’t do a morning panic, I got out ASAP…my $50 gain doesn’t matter, I’d have gotten out just as quickly if I had a $50 or even a $200 loss…it didn’t morning panic so I exited….DDRX I bought aiming for a breakout, it didn’t, the sector leader and overall market started fading so I got out…$40 profit there doesn’t matter, I got out to prevent disaster, the disaster of a perfect double-top…folk, when you trade the most volatile stocks in the market, you must must must trade like a castrated choir boy, always scared. I make this point in my TIMfundamentals DVD…when I say I’m going to hold a stock longterm, that means my goal is to hold several days…but that doesn’t mean I won’t get out quickly if a stock doesn’t act the way I want…understand?
TIMalert subscribers experienced losses for sure, but the gains overhwelemed the losses to finish +$4,500 yesterday
Shorted 3000 shares at an average 3.25 and covered at 1.99 +$3780
-E.T.
Made $60 from selling RAD @1.54..Thanks again.. 3/3 in a row .
-DB
$ZAGG in three days ago @6.20 out today @6.90 +$700
$CHRS in last week @4.24 out today @4.95 +$3300
-Steve B.
Covered INO at $2.50ish, +$800, scary for a bit there!
-J.R.
Out of OHB at 3.03 small $70 loss
-wallie
Out OHB -100…CHINA + 100…So no losses…No profits today
-kondal
out OHB -91.00.
-prog
~250 loss on OHB
-Chris
-$1553 today on OHB, -$390 yesterday (already mentioned)…As of 7/30/2009 I’m up $28,451.71 for the year trading stocks using what I’ve learned from Tim Sykes’ DVDs and his TIMalerts service.
-Reaper
-650 on OHB lolz…
-JH
+$838.98 overall on DDRX, 1/3 of it from playing the bounce.
-Reaper
-$400 on DDRX.
-Nifri
$112 TIM LOSS
-terran
out of ddrx…. -$404
-Hiro
SAME $400 LOSS
-ravimenta
-511.50…. expensive lesson…
-tryp
well that was a quick $500 loss…
-mani
INO is the latest pump & dump from Rodman & Renshaw..is it coincidence that one day after the stock surged 300% they pulled off a $30 million financing? NO, of course not…that’s Rodman baby! There were some shares to short at Sogotrade & Interactive Brokers, but when the stock was down 20-30% on the day, I hesitated…I had no idea it would finish down 54% on the day, that kind of big drop isn’t common, even in Rodman & Renshaw toxic financing deals…great lesson here: always look to short Rodman & Renshaw financings, sooooooo sketchy I love it!
OHB I covered early morning at $3 (made like $40, blehhh) when it failed to have any morning panic…it did a classic morning spike and some TIMalert subscribers got caught because they don’t trade scared enough. Some other TIMalert subscribers actually bought the hold of support (no different than CHINA a few days back in the $2.20 range…although that took a few days to really spike higher) …nice fading late day, but some picture paint taping to close the stock high at $3.55…potential short still, but its really too illiquid and could squeeze more stubborn shorts to the $4s…I wanted a plummet and that’s tough in this strong bull market, so for now I’m just watching.
USCN & GWSC are the two pump & dumps with fading volume, but USCN squeezed short sellers late in the day, GWSC kinda faded…both are potential shorts, but you gotta be extra careful with these illiquid pump & dumps…remember how much each fell the first time their pumps turned into dumps? That’s definitely possible again, but I gotta have patience to wait for the proper fading action…can’t force dumps or you get squeeeeezed.
GGC jumped $8 to $20ish yesterday by noon on a better financial situation….this can actually keep going even though it consolidated back to $15ish…I’ll actually buy if and when this breaks out again past $20…shorts are scared!
TRGT & BCRX are 2 biotechs stocks with strikingly EXACT charts except BCRX ‘s chart is a few days ahead of TRGT meaning that it spiked a ton and has now retraced for 3 days…TRGT just had its first down day yesterday so it’s definitely a potential short today for further downside.
SOMX did in fact keep breaking down nicely, down from $2.90 to $2.45ish (support from a few months back) before noon yesterday…what happens now? Who knows who cares, I aim to profit from predictable patterns, now that this one has fulfilled its destiny, its back to being random, next!
JVA, GMCR, DDRX, CBOU looked like they’d open weak due to GMCR’s earnings, but then they all squeeeeezed the shorts with DDRX and GMCR breaking out to new highs…simply amazing…I bought 300 DDRX at $24.83 on its breakout and a TIMalert subscriber asked “Curious… what changed with GMCR, watchlist today reported it was a potential short with a not so good earnings report?” Because the best potential shorts can turn into the best buys if there’s a short squeeze…understand? But then GMCR and the overall market flipped around and started squeezing the momentum longs so I sold my DDRX in about an hour of holding it at $24.98…I know it’s quick, but when a stock doesn’t act right, I get out…it needed spike and squeeze shorts, not go up a bit and then get pounded by big seller after big seller…no thanks to that kind of risk.
Posted in Potential Plays, Testimonials