This was sent to TIMalert subscribers at 11PM EST, extending my late night streak:
LiveStock is today 1-2PM EST and learn my strategy!
TIM trading account—now stands at $73,067, lost $700ish on my horrificly traded CHIP short, no positions now, up 71% in 2009 and up 488% in the last 22 months
Longer Term Account $159,493, no trades, no positions, account is up 9% since May 1st, 2009 inception…this account can be auto-traded by subscribing HERE
Nice solid day for TIMalert subscribers who made $3,000ish
Shorted 2700 shares of YRCW at $6.14 when momentum failed to push it past $6.20 premarket. Bought back 5 minutes after the market open at $5.87 and made $756!
-Torey
Bought CHIP on the bounce made $186 dollar’s,watching the price action cheers.
-wayne
Out $BEE +1220.00
-TBohen
+300 on GTN this morning covered at 2.31.
+400 on CHTP. Thanks Tim
-BearNine
+ 84.00 on 500 ofshares GTN today, that was all the shares I could find.
-Preston
+471 on CHTP, it fell off the cliff with bad FDA news premarket, rode it back up for about 45 min.
-Tom P.
made 185 on DPTR 30 mins
-scrilla
-$1500 loss on ILI, bought at 2.00 sell at 1.30, could not find shares to short CHIP at TD Ameritrade.
-shadow
EMERGENT HEALTH CORP (EMGE) is for TIMalert subscribers only!
Chelsea Therapeutics International Ltd. (CHTP) dropped from $7 to $2 today when they had negative drug news…I know it seems like every day there’s a new biotech penny stock winner, but longterm the odds favor failures like this…is the FDA getting easier? Who knows and who cares, just remember to be cynical.
Genta Incorporated (GETA) and CEL-SCI Corporation (CVM) both began fading gradually all day long on lower volume…GETA actually was storng in the morning, but succumbed to market weakness/bitter longterm shareholders selling, both are potential shorts as this could just be the beginning of long gradual downtrends.
VeriChip Corporation (CHIP) I was so pumped to find 3,000 shares to short at $3.35 and within 2 hours, I had a nice $1,000 profit when it was sitting at $3.01, unable to crack $3…I coulda woulda shoulda taken that $1,000, but after doing my research, I was determined to hold for a probable afternoon fade…unfortunately, the morning panic was as much downside as this stock would get as all day the stock kept getting stronger in the $3.20 area (sign that I was wrong to hold, but I was stubborn) and spiked all the way to $3.63 in the late afternoon with me exiting my short position near the highs at $3.57, tough $700ish loss, wiping out my RTK gain from the day before, but I had to protect myself. The only thing I would’ve done differently was cover sooner in the $3.30s when it started squeezing the shorts and somebody bought 24,000+ shares at $3.30….I stayed longer, just like I did with GVBP because I knew there were no shares available to short so I didn’t want to give mine up…tough problem to which there is no real solution other than having guts of which I don’t have any…my educated guess is whoever’s setting up the funding for their new swine flu product is keeping the stock up so they can do a PIPE at discount prices…maybe a conspiracy theory, but I’ve never seen a stock trade this way, good lesson learned, take profits or cover quickly during short squeezes…I won’t re-short unless it takes out $3 as that is now clear support…disgusted with myself, this one reminds me soooo much of OPXA, so get ready for probable teasing in the low $3s, with several spikes and a possible falling off a cliff.
BSD Medical Corp. (BSDM) and Interleukin Genetics, Inc (ILI) have been recent big biotech winners that faded ohhh so nicely, BSDM dropped 20% in the morning before becoming bouncy and choppy and ILI down 25% after a morning panic and no bounces whatsoever…oh, how I wish CHIP had acted like this, I simply chose the wrong horse….too many horses lately, can’t keep track of ‘em all! No plays here now, the predictable moves have passed
Sinovac Biotech Ltd. (SVA) and SciClone Pharmaceuticals, Inc. (SCLN) are two swine flu related biotech’s now feeling downward momentum, dropping 8% today after having a tough week…their weakness made me even more confident in CHIP, my problem is that CHIP isn’t a swine flu play, it’s a financing play and their financiers are good to great at market manipulation…yeah I said it…Swine flu as a rule is overblown, but you gotta respect squeezes based on the hysteria. These two are both potential buys on any news and if and when they bottom, shorts could get squeezed quickly…for now they’re gonna be weaker, I’m just too scared to short after both are down 25%+ off their highs
YRC Worldwide Inc. (YRCW) had a perfect morning spike above $6 then a failure to hold that led to several TIMalert subscribers shorting it down to the low $5s, congrats guys, still a potential short on this clear failure to breakout at $6
Imaging3, Inc. (IMGG) is for TIMalert subscribers only!
Gray Television, Inc. (GTN) I’m not looking to trade this, but I bring it up because it’s a great example of what happens when these strong $43-ish stocks reverse…we’re not just talking 25-50 cents/share of downside, often times, they correct $1+…this one was down another 10% today to $2.40ish after doing a CHIP-like morning panic down to $2.17. Sometimes it’s good to cover into the morning panic.
Posted in Potential Plays, Testimonials