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Case Study: Buying A Hot Chinese Stock & Making $3,000

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You see from my trades detailed on http://www.timothysykes.com/tim that I’ve been on a bit of a hot streak this week (up like $4,000), this month (up about $7,000 on trading my 2 small accounts), this year (up 94% in 1 account, up 20% since I started the Covestor auto-trade account in May), the past 2 years (up 565% making me dominate 30,000+ other traders on Covestor where I’ve held the #1 spot for nearly 2 solid years), well really the past decade (working on making my 3rd million from trading alone, already made just about a mil from this blog)!

After earning $2,000+ by short selling a fundamentally flawed penny stock, making $5,000+ by BUYING, (yes buying, I don’t always short) a penny stock breakout the other day and successfully exposing and short selling 3 stocks halted by the SEC in the last 3 weeks, with TIMalert subscribers and I reaping over $72,000 in trading profits from one, Genova Biotherapeutics, Inc., after it reopened from the trading halt at a penny/share!, I’ve been seeing even more sketchy companies like this one, Imaging3, Inc. (IMGG) which I initially wrote about in this post comparing them to Spongetech.

TIMalert subscribers get these trade alerts real-time, but you can read them waaaaaay after the fact:

Bought 2000 Yongye International, Inc. (YONG) at $11.05ish…the stock is breaking out strongly yet again today, was down a bit this morning on some accounting charges, but even that couldn’t keep it from breaking out to new 5-day and 52-week highs…solid base at $10.5 so my downside risk is basically 50 cents/share, but if I’m right that tis breakout is the start of something big, this could go to $12-$13 even $15 in the next few days/weeks like fellow Chinese plays DEER and RINO, great risk/reward, especially since this company has a PE of 15ish and is growing at 50% annually over the next few years…goal is to sell at $12+

It didn’t get to $12 right away but when I discovered the momentum might’ve been caused by a $3,000 newsletter mentioning it in the same breadth as RINO International Corporation (RINO), I got out (I don’t like being in other newsletter stocks, especially when I don’t know how long those other newsletter people like to hold stocks…they ain’t stock promoters so the lag times are all different aka confusing) for $1202 in trading profits while TIMalert subscribers made $1,800+:

+$179 on NPHC
-Bill

sold my 1,000 shares of YONG at $11.75 for +$400ish.
-Alex F.

+$60 on YONG
-BearNine

bad exit & entry. +$495 on YONG. Thanks, Tim.
-Bill L.

sold at 11.80 and 11.75 this morning averaging about 11.76 made $200ish dollars.
-wallie

+ $170 on shorting 2000 nphc. + $190 on my 1000 share long position of YONG. Total for this morning: $360. Not big wins by any means but it’s still two more wins. Thanks Tim.
-brader

only had 500 shs of YONG @ 11.29. Sold @ 11.69 for $200 prof
-SBG

Posted in Breakouts, Testimonials