This was sent to TIMlert subscribers at 6:30am EST, be jealous I don’t care that much about you if you’re reading this waaaaaay late:

TIMalerts has a brand new subscribers-only chatroom HERE, get excited and let’s hear what you guys think of it!

TIM trading account—now stands at $70,474, no positions now…account is up 3% in August, up 66% in 2009 and up 468% in the last 22 months

Longer Term Account $54,277…took $500ish profits on CHINA and $300ish profits on ZAGG…no big winners, just playing it safe…account is up 8% since May 2009 inception…this account can be auto-traded by subscribing HERE

Slow day Friday, TIMalert subscribers only made $1500ish…today futures are down bigtime, looks like today will be a day of holding onto our recent solid gains, not many great setups…patience brothers:

Covered ZAGG at $6.20 as well $75 profit on 500 shares.
-Adam N.

Covered CHINA at 2.59. $106 profit. Thanks Tim!
-thunderhead

CDC Corporation (CHINA) I did a great thing by adding to my position at 8ami-ish when I saw one big 20,000 share buyer on the bid who was gradually getting taken because his price was waaaaay too high…I shorted 2000 there which was low risk because it got my total average on 6,000 shares to $2.75 for a slow moving stock…if that 20k bid wasn’t just one buyer, I’d have covered near the market open for a nasty loss, but I guessed correctly and the stock went back to its $2.67ish lows so I took a $500 profit…later it did finally fade 10 cents, but I hate these penny games so I’m just glad to be out with another profit…I don’t care where this goes now, moves too slowly for my taste although I’ll be watching their probable ugly earnings this week.

Zagg Inc. (ZAGG) With THIS research report (who wants more like this?), I was dead on about this crappy earnings report being enough to help it take out the key technical support at $6…first time in 6 tries…but I didn’t stick around, cowardly covering $250ish profits at $6.19…partly because an analyst upgrade in the morning turned a potential morning tank into an afternoon tank (after that analyst’s clients all bought/held the u I ate something nasty here in China and just wanted to go to sleep, not wanting to risk a late day short squeeze…glad some TIMalert subscribers hung on, not sure how much more downside there is right away, but this crack below $6 is huuuugely important, it really could be the beginning of the end, just like PRXI dropped a lot and all the suckers/manipulators whined…months before the news actually turned bad…it’s tough, bit the big $ in these plays takes time….I’ll look to re-short if we get no bounce above $6…remember, stock promoters’ contract is up at the end of August, methinks they’ll begin selling right around then and ZAGG management will discover what happens when you throw out the guys who got you where you are today…message board degenerates don’t understand why I could cover so fast or why I wasn’t even looking to cover below $5 even though I think this could drop 50%…they just don’t get it…over the past decade, I’ve learned to take high probability profits…when I think a stock is gonna drop 30-50%, I’m happy with 10-20% profits…when I think a stock is gonna breakout 50-100%, I’m extremely happy with 10-20%…that’s why I’m so successful, that’s why it doesn’t matter whether I trade 1 share or 1 million shares…all that matters is how right I am and over the past few years you can all see it’s about 70-80% of the time, allowing me profits even when I screw up (like covering too early on this one)

GreenHunter Energy, Inc. (GRH) spiked $1+ to $2.70 on Friday after solid earnings, but the question is will this spike last? I usually prefer buying earnings spikes, but GRH has a long history of retreating on EVERY spike and this stock didn’t gap much higher at first, meaning momentum buyers, not value buyers pushed this p…and these types of buyers are fickle…this is a potential short for me on any excess strength.

China GrenTech Corporation Limited (ADR) (GRRF) is another earnings breakout, but this one did gap and spike higher immediately and it held its gains all day to finish up nearly $2/share to $6…I’d say potential buy, but there’s strong longterm resistance in the $6, 7, 8 range, so I’ll just watch for now.

Gulfport Energy Corporation (GPOR) retraced a bit, but some TIMalert subscribers are shorting this consolidation…I have no idea, I would NEVER short such a solid breakout as this and I fear those who short this will be squeezed…this is still potental buy for me, I might even get a good entry if this big drop in market futures holds until the market open.

Craft Brewers Alliance, Inc. (HOOK) has spiked from $2 to the mid-$3s on earnings…too late now to buy, but this one likes to spike in the morning so I’ll look to short on any excessive morning spike…risky, probly gonna be too fast for an alert, but it is a potential trade for me…ah yes, unlike most other newsletter writers, I am an actual trader…forget my % return, even with a small account I’m up like $30,000 so far this year…wait til 2010…2011…2012

Tags: Hot Stocks, Penny Stocks, Potential Plays, Testimonials