This was sent to TIMalert subscribers at 2AM EST because I work damn hard even when I’m drunk:
94 important penny stock trading lessons, one of my best posts ever
Thinkorswim-Based Account: $99,815, no positions/no trades, up 135% in 2009 and up 704% in the last 2 years
New SogoTrade Account: started on 11/24/09: $108,203, no positions, no trades, account is down $3,530 since 11/11/09 inception
Conservative Auto-Trade Account: $177,600ish, down $150ish on my 1,970 SNSS short at $2, account is up 28% since 05/01/09 start
Aggressive Auto-Trade Account: $58,552, no positions, no trades, account is up 18% since 11/11/09 start
$5,000ish in Monday profits for the TIMalert subscribers listed below:
I made my first trade – I bought 4200 shares of VVTV on 12/8 at $4.31 and had my limit order filled today at $4.65 for a $1,428 profit in less than a week. -Tom
LZB—–up 250/still holding. SNSS—-up 800$/still holding. Thank u Tim!! Max
Covered 4K shares of BIOF @ 3.25 from eod Friday short @ 3.60…for +$1400!! Patience pays grasshopper. -YB
Thanks for SNSS , i covered @ 1.85 for $200 -David RG
I made a little more than $400 on RWC because I held onto it overnight. Unfortunately, I had a failure to deliver and would have made another 500 dollars if I could have held on until the end of today.
+$335 on SNSS short +$175 on SNSS long -Reaper
+286 profit on SNSS this morning… Relaaax! -BC
bought 600 SNSS at market open 2.12, sold 2.24.. +70! KERX 1000 long 2.80-2.88 +80 -G
Blue Gem Enterprise (BGEM) is the latest in a long line of wannabe sports drinks, up from 20 cents/share to 65 cents/share in 4 days, increasing volume, nice fluffy press releases, potential short when it inevitably collapses…no different than similar chart play Viking Systems Inc. (VKNG) which dropped 75%, just takes a little time
BioFuel Enery Corp. (BIOF) turned out to be a conclusive double-top at 4…now down to 3.19 in just two days, congrats to the TIMalert subscribers who took the risk and turned out to be right, nice chart pattern!
Sunesis Pharmaceuticals (SNSS) spiked a bit to the low $2s, but the volume faded dramatically so I shorted 1970 shares at $2 in the morning, another 2030 at $1.98 afterhours…very small position as it still has yet to have a down day….I’ll add to this only 4,000 share position on any great strength, cover for decent gains if it does a morning panic…gotta see how it acts if it’s a sideways moer.
SMC Recordings Inc. (SMCE) dropped 16% from the mid $2s to $2, just the first down day, this could collapse all the way to under $1, total carcass, not worth my time explaining details….unfortunately no shares to short, what a perfect pump & dump opportunity wasted…
Jbi Inc. (JBII) jumped 22% to 3.46, now up form 1 in just 5 days…this is a clear and decisive pump & dump, expect financing and/or AMEX filing announcement, CEO wants to pump, that’s cool…potential short as I can poke fundamental holes the size of a stock promoter’s ethic’s violations…gonna make a great potential short, gotta find shares to short first.
Atlantic Wind & Solar Inc. (AWSL) was pretty much flat on the day, the incompetent penny stock promoters behind this want to call me names, but they can’t do their jobs correctly and pump the stock like it should be pumped…pathetic…if I ever wanted to be unethical, I would revolutionize the stock promotion industry, c’mon AWSL backers, throw some more $ into this, it’s not even liquid enough for me to trade, potential buy though.
La-Z-Boy Incorporated (LZB) broke out incredibly well to 10.63, wish I had the patience to hold, but I will ALWAYS cut losses quickly so I really have no regrets. This is still a potential buy as it could go to $11+ with this perfect chart pattern breakout.
Relm Wireless Corp. (RWC) dropped to 3.33, a sweet 25% drop from where I covered, another one I mistimed, I’m so very thankful some TIMalert subscribers and PennyStocking DVD students were aggressive enough to hold for multiple days…great misinformation play, now that it’s come down, there’s no real play.
Posted in Daily Stock Watchlist