CHATROOM

bought 7000 LZB at 10

December 8, 2009 at 3:07 pm by Timothy Sykes

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I really didn’t want to make this trade as I have a ton of work to do finishing my new websites, but this one has been threatening to breakout all day in an ugly market…very low risk considering how much basing it has in the 9s….probable COT-like slow breakout over the next few days, especially if it can break the previous high of 10.20ish…breakout is no way guaranteed, I just like the risk-reward, potential upside of 50 cents-$1.50/share, risk of losing 20-30 cents/share if the breakout fails…roughly 4-5x upside compared to downside…speculative, not a true pump & dump

Posted in Premium, TIMalerts

  • http://www.kabam.com tbohen

    Yer the man Timmay, even while dealing with your fucked up website your still on the job!!

    I’m long from $9.95

  • parabol64

    Come on people, lets make a new 52wk high

  • BigMoney8

    In at 10.05

  • csk312

    10.14

  • parabol64

    It aint the most exciting breakout to watch

  • http://www.ionlabs.com lostwillee

    This things gotta close over 10.15 mimimum to have a chance at the morning breakout. I havent been at this for long but just watching Part Deux tells me the overall market condition makes this a pretty risky trade. Somebody please prove me wrong I could use a bit of criticism to help me realize I’m simply an idiot.

  • http://www.test.timothysykes.com timothysykes

    VVTV looks to be the better breakout so far….

  • http://www.test.timothysykes.com timothysykes

    lostiwllee, the overall market def. does hurt this trade’s odds

  • wallie123

    too real of a company for my taste.

  • BULL

    How about that, no shares of NLST at IB.
    What do you think either a gap up or a gap down tomorrow?

  • joethemoe

    late comer @ 10.18 but small position

  • found

    you guys should be looking at HBAN today…somethings up. Got in at 3.71 this morning. In LAZ 9.93 earlier this aft.

  • http://www.ionlabs.com lostwillee

    Tim how much effect do you think you have on that volume spike after your alert for LZB? for that matter on most of your alerts in general. I bought 5000 shares just prior to your alert, but with 1000+ subscribers waiting for your notice there has to be some effect. I am a student of your strategy therefore this is not intended to be an insult, just a question.

  • djomegact

    vvtv up again…

  • djomegact

    tim what ya thinking dump or hold overnight?????

  • BULL

    lostwille – according to Tim, no influence what so ever. When most of his subscribers got the alerts the price of the stock was over, in my case, it was at $10.20

  • TerranFirebat

    NLST is setup for a squeeze. Discipline over months of trading told me to let it go and not force the trade even though I wasted all afternoon watching it. Cost me a NANO monster short and the LZB breakout. Still holding out for a better LZB price, at one point 10.08 was staring me in the face.

  • BULL

    djomegact – Tim will hold for the moment, since he expects either to crack the $10.20ish resistance or he will cover if the price goes below $10 or maybe below $9.80

  • djomegact

    bull wasup sorry meant vvtv its still shooting as we speak what ya think hold overnight dump now???just want ur opinion thanks

  • http://www.ionlabs.com lostwillee

    Bull – I respect your opinion however do the math. 1000+ at 1000 or even 500 shares each. There has to be an effect. I understand that we are trading based upon technical analysis at specific targets. However, look at the volume for the time frame between the notice and the volume spike. This may have been a topic of discussion before I am new to this strategy. Just an analytical mind trying to make accurate trades. BTW your alerts was slow I got it when the value was around 10.05. Cheers!

  • curtly

    Bull, c’mon man, you dont really believe there is no correlation b/t Tim’s alerts and the massive spike in volume 10 mins after his trade, on such a thinly traded stock do you?

  • TheChatter

    NLST!!!

  • djomegact

    curtly??lostwillie??
    vvtv ………anyone have an opinion???

  • BULL

    Guys, I’ve just gave you Tim’s standard answer for that question, belive what you like. ;-)

  • http://www.test.timothysykes.com timothysykes

    curtly, thinly traded spike? u really think i can influence millions of dollars? no way…every trade and their mother was watching 10 as the breakout…did i also influence VVTV’s breakout today or SNIC’s breakout above 10 yesterday even though no alert was signaled. take a look at snic yesterday and begin to understand how these stocks trade

  • BULL

    By the way, most of Tim’s subscribers do not open their e-mails. So, there aren’t 1000+ waiting for the alert. Look at the volume, even though there’s a spike in volume …

  • nifri

    Bought 2k @ 10.10.

  • http://www.ionlabs.com lostwillee

    dj look at the chart, WWTD? Afternoon breakout, are there any resistance levels being broken? Do you think middle America will fall for a price spike in the afternoon to increase AM purchases? I am no expert just a product of my education. My opinion stays the same on all issues, buy low sell high.

  • djomegact

    thanks lostwilliee……

  • curtly

    Tim, i didnt say you were wholly responsible, but c’mon. Besides, I have learned to wait for the price to consolidate after your alert/spike rather than chase.

    No view on VVTV – havent been following, obviously a good buy @ 4.15ish per Tim’s watchlist guidance.

  • parabol64

    I got out for breakeven, not sure why I got into the trade the first place, not my style. Good luck to all.

  • BearNine

    sold at 2:30 when the stock was being boring… damn it

  • BearNine

    Tim whats a good time to wait for until you can say a breakout is confirmed or how much time above previous resistance

    (nano)

  • http://www.kabam.com tbohen

    Wow just went to LZB’s website, they make some fucking ugly ass shit!! I thought I was back in my parents basement in the 80′s for a second…

  • yell0wbuddha

    Made $1200 going long 4K shares this morning on VVTV on the breakout @ 4.15.

    Also, long prematurely a few days ago 2k shares of LZB @ 9.75 and sold 1/2 this afternoon at 10.20 for +$450…held the remaining 1k shares o/n..looking to sell above 10.50+

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