The following was sent to TIMalert subscribers at 11:30PM EST to prepare them for the upcoming trading day battle:

TIM trading account—now stands at $68,900ish, made $700ish so far on my SCLN buy at $4.15, holding overnight…up 60% in 2009 and up 450% in the last 22 months

Longer Term Account $53,700ish, I’m up like $40 on my short of 400 WUHN at $4.09, holding overnight and hope to get squeezed so I can build my position at higher prices!!!, up 7% since May 2009 inception…this account can be auto-traded by subscribing HERE

TIMalert subscribers took advantage of the many great trading setups, baaaaanking $7,000+ yesterday:

In and out of SCLN for $661 profit
-Reaper

2000 $JADE in last week @2.25 out today @2.75 +$1000
-Steve b.

GGC & RINO both keep uptrending…both I thought the stories were good and in bull markets, good story stocks can and do go muuuuch further than most anyone expects…it’s not about being right, it’s about understanding the variables that contribute to such predictable moves (which is what my instructional DVD packages are for)…both of these are now potential shorts, but their stories are still intact so both are extremely risky, with fakeout breakdowns galore. Reaper has a nice blog post with this Supernova chart HERE

Orbitz Worldwide, Inc. (OWW) has now surged $2.5 to $4.5 in 3 days making it a potential short, but the stock has now broken above technical resistance from 2008 in the $4 range and reported solid earnings so the signals are conflicting so I just sit and watch and do nothing…understand?

Wuhan General Group China Inc. (WUHN) I shorted 400 shares at $4.09ish mainly because I thin this thing tanks to the low $3s in the next 1-2 days and there were very few available shares to short…ideally I get squeezed—as the strong price action suggests I will—in order to build my position at higher prices…I know this is confusing, but I’ve done it hundreds of ties before, risking a little pain for the eventual potential profit…for those brave souls out there, this is a potential buy too as short sellers possibly will get squeezed tomorrow to the high $4s or even low $5s…of course today could also be the end as volume and price faded late day, so either way I think I’ll win, good risk-reward with such a small position too!

Radian Group Inc. (RDN) jumped 83% to $6.72 on strong volume of nearly 20 million shares on the back of strong earnings…SCLN runup of 20 cents/share in he last hour pales in comparison to this one that jumped $1/share after 3pm…same exact reasoning, I just have to be more aggressive with trading setup…still a potential buy although I highly doubt we’ll get a GGC-like runup

ICO Global Communications (Holdings) Ltd (ICOG) spiked from 70 cents/share to $2+ within a few minutes, but it was some kind of glitch so the Nasdaq is busting all the trades at crazy prices…welcome to PennyStocking ladies and gents!

Diedrich Coffee, Inc. (DDRX) finished barely up, its still in breakout territory, but the volume is anemic, aka not interesting to me…still a potential buy on a any increased volume though as shorts can and will be squeezed, but buyers need to show en mass to make that happen…

Caribou Coffee Company, Inc. (CBOU) is actually looking healthier than DDRX, right near previous $7.50ish highs and volume is strong, that’s a potential buy too but its gotta breakout on big volume, none of this DDRX crap

U.S. CANADIAN MNRLS INC (USCN) dropped all the way from $3 to $1ish before rebounding to $2…crazy how volatile this pump & dump is and unfortunately how few shares available to short there are…possible to buy on dips and really bank, but buying pump & dumps is risky as most of the time they just stay down…I’m watching, but there’s no great play I see now here.

Novavax, Inc. (NVAX) and Jazz Pharmaceuticals, Inc. (JAZZ) are 2 hot biotech penny stocks that are technically strong, making them potential buys, but they really only spike on swine flu news and other positive sector news…if volume fades, both are potential shorts, they really could go either way, no edge

SciClone Pharmaceuticals, Inc. (SCLN) and Kforce Inc. (KFRC) both broke out of a multi-month chart patterns due to strong earnings reports…I almost bought KFRC, but the volume was too light and its historical price action is too choppy. I bought 4,000 SCLN at $4.15 because of all the reasons I listed HERE…some late day CEO comments about revenue possibly doubling due to swine flu are helping this stock to $4.55ish afterhours, ideally giving me a solid profit if I can sell into a morning spike at my initial goal of the high $4s.

Tags: Hot Stocks, Penny Stock Picks, Penny Stocks, Potential Plays