This was sent to TIMalert subscribers at 11:30PM EST last night to prepare them for todays trading session…you get it late and pretty useless (shares to short of good plays usually run out early in the morning):
This is my favorite finance book of all time, if you haven’t read it, you need to….now…and no it’s not my book, althought hat’s required reading to understand my strategy!
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: $178,245, made $500ish on my SNSS short, account is up 28% since 05/01/09 start
Aggressive Auto-Trade Account: $58,280ish, down $200ish on my SNSS overnight short, account is up 18% since 11/11/09 start
Breakeven day for the TIMalert subscribers listed below, lots of small gains, but read the story of how one subscriber lost $2k and know he made a stupid trading mistake…it’s good to share such stories, we all do it:
+90 on RWC
-csk312
+$166 (12%) – Covered CYCC @ 1.19
-IM
+$550 CYCC
-LW
+370 on WXCO thanks to zulobb on that one
-90 longing snss
-240 on nlst fat fingered
+310 on snss short! +220 on imgg bounce
-BN
EONC -210.
-zulobb
+570 on JASO
-curtly
Covered my NEP short for $100, thanks for the heads up Zulu
-parabol
Even though i have learned tons from Tim and others here, i just made the same stupid mistake when I lost $20k on AIG short 6 months ago… shorted NLST yesterday (completely randomly), price went up, reversed my position, price went down…. when it spiked again, i went short at 6.05 but doubled my position , should have covered this morning @ 5.45 (would have almost given me a breakeven or smal profit), but i didnt, and had to cover 5.85…… sorry for the long story, but LEASON TO BE LEARNED – AGAIN.
Around about a $2k loss overall on NLST
-curtly
Ford Motor Co. (F) trust me, I don’t want to follow this boring real company, but a breakout is a breakout and today was a perfect 5 month breakout above $9 to 9.39…last technical breakout it surged from 6.5 to 8.5 in 2 weeks so 10 is easily in reach, but like LZB, real companies don’t always breakout in an easy fashion…potential buy, but very cautiously.
Imaging3 Inc. (IMGG) dropped 16% to under $1 now forming a perfect head and shoulders top chart pattern….technical support at 75 cents/share, but given the rise in trading volume, I’m guessing some of those people who got shares for just a few pennies/share have begun dumping…dilution is a killer for pump & dumps, potential beginning of the end short here, fun while this pump lasted…laugh at/mock the suckers on message boards who don’t understand what’s going on…ignorance is not bliss in penny stock land.
Sunesis Pharmaceuticals (SNSS) I played it safe and covered for $500 profit early this morning…took an aggressive overnight position after the stock broker support all day…first down day, probable morning panic or Harry Boxer inspired short squeeze (the old fart put out a buy signal just after I shorted, trying to squeeze me?)…a has been trader on TheLion.com is also playing this long (maybe they should watch my DVDs and learn this pattern one and for all)…the drug may be positive, but it didn’t pop on initial news and massive dilution is coming from a financing deal they already signed…goal is to cover around or under $1.50 on any true panic…
SMC Recordings Inc. (SMCE) is quickly down 30% off its highs in 2 days…perfect penny stock pump & dump wasted…stock promoter behind this is dirtyyyyyy, I hope he allows some shorts next time around as thanks to his dirtiness he won’t be around forever (sadly). No play now, just a great example of my strategy, just gotta find some shares to short!
Jbi Inc. (JBII) had a slight first down day to $3.30…not that impressive of a drop, but probable beginning of end for this pump…very illiquid stock, sadly, can anyone find shares out there to short? I cannot
Atlantic Wind & Solar Inc. (AWSL) had a surprising -10% day on low volume…the stock was down 20% at one point…does this mean the promoters have given up? Are they out of money? We will know shortly, bigtime potential short as this can and will collapse once this gets exposed for the blatant pump & dump that it is, that being several promoters paid to push the stock up before they stop doing their jobs (is today the beginning of the end?)
La-Z-Boy Incorporated (LZB) and Relm Wireless Corp. (RWC) fulfilled my initial price targets, RWC dropping 25% from my initial short at 4ish to 3.11 and LZB finally breaking out over several days to 11…I bring them up again and again not to brag, if I was that great, I would have profited instead of losing on both…but as a lesson to show you how real companies take a while to show their true path…I might get squeezed a bit on SNSS tomorrow, or I’ll make $, but it’s a real company so the morning panic is not guaranteed, even if I’ll probly be right after several more days…can’t risk big losses no matter what!
MediaNet Group Technologies, Inc. (MEDG) has been pumped from 30 cents/share to 90 cents/share in 9 days, potential short although the breakdown will likely take several days like NPHC/VKNG or it could have another boost before dying like IMGG…love these kinds of pumps, potential short!
Posted in Daily Stock Watchlist