When I sent this alert on Infinity Energy Resources Inc. (IFNY) to TIMalert subscribers the other day:
Bought 6000 IFNY at 1.85
Execution took forever, Thinkorswim wouldn’t even execute so I used Interactive Brokers…weird Pink sheet stocks…I’d never chase them, but this looks to be the beginning of a nice up move…Just as I said in my premarket watchlist I might buy, I would take a bigger position if the volume was more, as this is a rather perfect setup, very low risk considering it consolidated in the 1.60s…goal is to sell in the mid to high 2s…after all its 3 billion potential barrels of oil…LOL…I don’t believe a word they say, but I’m willing to bet others will get excited and they could easily come out with another fluffy press release hyping themselves up…mental stop loss if it can’t breakout past this key 1.88 resistance…we’ll chat about this on LiveStock 1-2PM EST today, tune in!
…I had an idea the stock would breakout:
…and nailed it for 50%…but I took only a cowardly 17% gain, selling 6,000 shares at $2.17 a few days later telling TIMalert subscribers:
Didn’t want to sell, but there’s a ton of sellers at 2.20-2.25ish so I’m not chancing my solid $2,000ish profits, my first big profits in a few weeks (good confidence builder), especially since I’m traveling tomorrow and won’t be able to check the market in the morning…probable continued upside given the strong breakout chart, especially given the conference call in which they said SEC filings this week. but I really thought the upside would be easier once this broke 2.05 today and push this up to the 2.50-3 area in a JBII-like manner…was wrong in that sense, but this is still a nice breakout play…potential buy still, small positions due to Pink Sheet risk.
(mainly because I was flying the next day (Yup, I’m working from Aruba for the week, beautiful place) so I didn’t want to risk it overnight, profited $1,886, putting me up 139% in 2009) after 2 days, I wasn’t sure if many other TIMalert subscribers also profited from this PREDICTABLE BREAKOUT…looks like they did, earning $4,000+:
+1,324 on INFY. Just sold all 2,900 shares at $2.44.
-alex f.
IFNY 600 shares
Bought @ $1.99
Sold @ 2.40
Profit = $246
-kerry
+$1021 IFNY. Bought 5,000 shares Friday @ $1.91. All out today at an avg price of $2.13.
-Adam N.
IFNY Sold at 2.19 for a 1,200+ profit.
-rusty
IFNY, Sold at 2.22. Plus $220 before commissions.
-zulobb
Scared out of IFNY earlier. +$80.
-bill
IFNY Macro Profit +21.51 (After Comm.)
-traderinnyc
+50 on IFNY….cant seem to break 2
-csk312
PS There are those who say buying Pink sheets stock is bad…to them I say, narrow-mindedness is bad. Despite this stock’s shadiness (which I discussed on LiveStock and in EVERY blog post and trading alert), the chart was clearly a buy and by listening to their hourlong conference call, it was pretty obvious they were going to announce some positive PRs this week…penny stocks are easy, just gotta look for the signs guys and always expect the worst from every company/everyone!
Posted in Breakouts, Good Trades, Testimonials