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Details On One My Most Successful Trades In Recent Memory…

Posted by Timothy Sykes on Mon 16th of Nov, 2009 03:30:11 PM

REMEMBER: Don’t forget to enter into this contest by Tuesday!

If you read this blog post, you know several TIMalert subscribers and I baaaaanked $25,000+ shorting eOn Communications Corp. (EONC) after their misleading earnings press release…but guess how much more we made the next few days when the stock continued sliding…

mislead Details On One My Most Successful Trades In Recent Memory...

(as Michael Goode also posted about, the manufactured-by–creative-accounting growth isn’t the only red flag on this company…which is why with the stock still up 75% from before that ridiculous earnings press release, this is still a potential short…if I do trade it again, TIMalert subscribers will be first to know!)

The answer is another $10,400 for TIMalert subscribers and another $3,000 or so for me…total profits of $38,000ish for us on this stock…now do you see why while I rail on the scumbags for being so unethical, I NEED them to serve up easy/predictable trades like this?

Check out all the TIMalert subscribers who banked on this stock:

Made $2,399 on EONC today. Thanks again for the alert! LG
-LG

Hi Tim,
I made 526$ on EONC, held over night, IB kicked my out in the afternoon so could not re-short…
Txs,
Oleg

Scalped EONC for +$775. Thanks, Tim.
-bill

EONC profit = $1,318.97… coolio :)
-qbantek

Covered for a 18% gain on 1000 shares. +$590.00 dollars.
Awesome Tim, thanks.
-preston

+$1200 on the 2000 shares of EONC I held.
-Reaper

Even $3k profit on EONC Tim
-JRC

Short 500 shares EONC @ 3.20 up so far over $150 :)
-bassman

I covered 2000 @ 2.75 and 2000 @ 2.80 I had 4000 postion , $1887 profit Thank you Tim!!
-David RG

trade alert covered my $EONC position $1000 profit less than 24 hours good looking tim
-scrillawill

covered EONC at 2.725 +$223
Thanks Tim Sykes.
-myrrh

+$70 on EONC
-BN

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  • John Michaels
    Hi Tim,
    I just finished reading your book. It was a good read. I have been trading/ rather investing for long time now and your book has hooked me into looking at the micro caps. But i guess being from UK, I do not have the same access as US people do. I had a few queries and would appreciate your take on them:



    1) If you short a illiquid pink sheet stock and the stock say rises and the stock gets called back i.e. the person who loaned it to you calls it back and you are forced to take a loss even though you know it is going to dump. how to take care of situations like this.



    2) what are the lowest level of volumes one should look at.



    you are a good trader, I trade commodities, less liquid ones like palm oil, pepper and I know the brilliance of illiquid markets.



    God bless and best wishes,

    John M.
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