CHATROOM

morning watchlist: 9 stocks

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Thinkorswim-Based Account: $100,251, lost $1,500ish on my BIOF mistake, what a moron, no positions now, up 139% in 2009 and up 720% in the last 2 years

New SogoTrade Account: started on 11/24/09: $111,470, no positions, no trades, account is down $3,530 since 11/11/09 inception

Conservative Auto-Trade Account: $178,344, no positions, no trades…account is up 30% since 05/01/09 start

Aggressive Auto-Trade Account: $59,350, no trades, no positions, account is up 18% since 11/11/09 start

$1,700 in losses for the TIMalert subscribers listed below:

+$224 buying BIOF, even before the TIMalert … BIOF did the same morning squeeze Friday.
-Reaper

Bought 1000 shares of BIOF at 2.89 and sold at 3.18 made $284 dollars after commis.
-wallie

glad I only got 2000 shares of BIOF so my loss was only $800.00
-GG

+$510 covering 2000 BIOF a $3.33 woo hoo!
-markhill

-1000
-BN

+ 493 SEED
- 90 BIOF
-brainhurt

-650 ish on biof. Should have covered at the open at breakeven when it didn’t tank. Too hopeful and greedy.
-timv

-$300 on BIOF. Should have covered right away under $3.00
-jimbod

-$1200 on BIOF, covered at $3.14
-Adam N.

Sonic Solutions (SNIC) was a nice quick breakout above 10 this morning from 10 to 10.40 in about 5 minutes…not a TIMalerts effect, this is how breakouts work…gotta be quick sometimes…still a potential buy, but that easy predictable 50 cent/share pop due to short sellers’ stop losses has come and gone…learn from my DVDs, this is the EXACT pattern I’m always talking about buying…any alerts would’ve been too late…yup, you’re gonna have to learn to maximize your profit potential.

Somaxon Pharmaceuticals, Inc. (SOMX) dropped 60% in one day on negative drug news…no play for me, but just look at that steadily uptrending chart before this massive drop and realize it’s NEVER safe to buy a biotech penny stock….barring what happened early in 2009, the vast majority of these scumbags fail.

Clear-Lite Holdings Inc. (CLRH) dropped 20%+ to the low $1s, making this pump & dump a perfect double top at $2…same promoters are behind NXT Nutritionals Holdings (NXTH) which also has a doublt-top looking chart…potential short on both, especially NXTH

ValueVision Media Inc. (VVTV) at 4.08 is just a few cents/share off its 4.15 year highs, perfect 4 month consolidating between 3 and 4..bigtime potential buy and breakout, but this is a real company so any breakout would probly take several days…lots of overhead resistance from years past.

La-Z-Boy Incorporated (LZB) is another play threatening to breakout above a key level of $10….another slow burner real company, if it does breakout or fakeout breakout, target is probly only 10.50-11 within a few days although it could surprise people and pull a Revlon Inc. (REV)

WHX Corp. (WXCO) had its 4th up day in a row from 1.25 to 2.25, volume finally fading…resistance at 2.50ish so if I can short into a big spike, it’ll be good for a predictable 25-50 cents/share, but it’s tough to squeeze a short in on this pattern.

Infinity Energy Resources Inc. (IFNY) I covered early this morning because this illiquid stock wasn’t breaking down the way I wanted it to….upcoming conference call on December 10th to discuss their potential 3 billion barrels of oil…potential buy now if it can get some volume (I won’t short or be long during the conference call, but there might be a surge going into it)

BioFuel Energy Corp. (BIOF) didn’t break down at the market open and it squeezed shorts bigtime…I thought I was out safe and sound, but forgot about 7,000 shares short in another account…classic newbie mistake, very sad, but it happens…lost $1,600ish…for those who don’t like to short sell, my buy to cover turned out to be a great buy signal for a 20% gain over a few hours…works both ways, PennyStocking Part Deux DVD students know failed morning panics can easily turn into morning spikes, learnnnn to adapt and even flip positions from long to short or short to long if key resistance/support levels hold

Posted in Premium, TIMalerts, Uncategorized

  • BearNine

    SNIC looks like it may have a little ways to run

  • http://www.scibbytrading.blogspot.com adrscib

    QLTI should be on your monitor list.. this stock has consolidated as it trading within 6% of its 2year high, in what for me looks like a cup and handle formation. I thank Tim for alerting on this one, I am however holding it for a couple of weeks / months and not trade the tim way. I have a $10 target in a few weeks time (if market breaks above Nasdaq:2200 and rises another 10%, this would be an easy long play).

  • parabol64

    Ira is up early this morning. No NXTH on ToS as of 6:45am.

  • bassman52

    since Tsubs complained Ira and crew seem alot better…. imo

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

    anticipating lots of questions about test.timothysykes.com, please please dont email me, dont bother logging in there, nothing’s ready

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

    hey parabol, interctive brokers has some, open multiple accounts!

  • parabol64

    Thanks Tim, I actually looked in IB at around 7am and they had none.
    Seem to have some availability now though. Thanks.

  • parabol64

    They have 1000 shares left :)

  • http://www.ionlabs.com lostwillee

    Lion master talking scrit about Timmy boy. Get him Tim!

    http://www.thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=1834344&cmd=r&t=0&dt=1

  • TerranFirebat

    not my style to catch a falling knife, but SNIC might be a buy to fade the low volume breakdown

  • shadow0009

    Any thoughts on RWC?

  • BearNine

    I saw that lionmaster post too…. true … gota set hard stops!

  • parabol64

    VVTV breaking out.
    I didnt buy this morning because market was red and there was no volume. And now it’s romping. Good luck to anyone in this trade.

  • Kerry

    RMIX has some legs with increased volume. Good one, Reaper.

  • BULL

    +240ish profit on VVTV.
    Thanks Timmay

  • gil

    i just opened an account with interactive brokers, for now i dont like there availability of shorts – NXTH AND RWC were unavailable to short the whole day does anyone have a goldman account ? i heard they had shares to short , please link to where to open an account,

  • bassman52

    BIOF fading pretty nice

  • alexfalas

    Does anyone understand how a stock dividend affects a short position? AWSL is about to issue a 1 for 3 stock dividend, and I’m wondering if I’d be better off covering before the record date to avoid owing the additional shares.

    any help/suggestions would be greatly appreciated. thx.

  • 007

    Yes, you have to pay the dividend.

  • hany_am

    NANO breaking out past old high of 13.56

  • afg797s

    Tim new site is good, but where will we get the daily blog post, the stuff that is under the blog post headlin is old stuff? am I missing something?

  • TerranFirebat

    NANO looks like a potential short, very dangerous, if it spikes up again i might go in

  • guigoft

    whats up with EONC? +25% short this bitch..

  • djomegact

    Cpd…….wooooooowwwwww…Nice morning jump also vvtv … Coming back down now…

  • TerranFirebat

    NANO is too strong… i ain’t messing with it!

  • jchahboune

    anyone catch NLST breakout? i tried and jsut missed it. damn. but im not gonna chase it.

  • Kerry

    Man, that BIOF cat seems to have nine lives. It just won’t die. :(

  • bigsky

    LZB inching up, good short interest in this too…..if it goes it should get a good pop.

  • bigsky

    LZB only about 15 million of the float trading, 4.5 million of that short…..could get very squeezy.

  • BearNine

    nlst looks unsustainable

  • BearNine

    whats with you and shorting breakouts firebat?

    BOT NANO

  • TerranFirebat

    Bear, NANO is taking a dump from 13.90 to 13.60 that is why I said it was a potential short :-)

  • BearNine

    sold nano -200

  • BearNine

    looks like a breakout on the daily chart…

  • TerranFirebat

    waiting for a deathbounce on NLST might be a decent short

  • BearNine

    demoralized. i’m taking a break.

  • whizzler

    me too, Bear, got burned on NANO tank

  • timv

    LZB right at 10…after hitting 10.08…. thinking about it…..

  • timv

    Bought 500 LZB @ 10.04

  • Barnacle Bill

    Big Time,

    ANX was a classic pump and dump. What does the team say about this dog.