CHATROOM

$5k A Day Makes The Cubicle Go Away aka 9 Hot Penny Stocks

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This was sent to TIMalert subscribers at 1AM EST this morning:

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TIM Trading Account: $114,500ish, up $75 on my AENY short so far, up 12% this month, up 141% in 2009 and up 822% in 27 months

New SogoTrade Account: started on 11/24/09: $109,066, no trades/positions, account is down 5% since 11/11/09 start

Conservative Auto-Trading Account: $179,900ish, up $400ish on my CDII overnight short, account is up 26% since 05/01/09 start

Aggressive Auto-Trading Account: $58,900ish, up $500ish on my CDII overnight short, account is up 17% since 11/11/09 start

$5,100ish profit day for me ($900ish unrealized profit day for me) and the TIMalert subscribers listed below:

closed JYHW position (again) +1,650… Originally was short, then reversed then sold on nervousness, then bought again and finally sold today… will wait to short it now. Thanks Tim.
-curtly

Out at .31 MHYS +1,075
-Rusty

+$473.19 on CDII
-Reaper

Missed the morning panic into .20s, impatient and have to go do work. Got out 0.31 from 0.42 +$223 profit.
-Andrew

I played ICXT for +$170, but chickened out waaaay early.
-Tbohen

+400 on WNC perfect deux chart pattern, rebuilding my account from the ground up as a disciplined trader.
-BN

+140 JYHW, in @$1.7, out @ $1.77, have to run to meeting.
-justlurking

Tim, I covered CDII for 200$ ……..Already made today 700$ on my own strategy and I did not want to lose….what should I do? To have separate account for each strategy?
-David RG

China Direct Industries Inc. (CDII) is for TIMalert subscribers only!

Americas Energy Company (AENY) is for TIMalert subscribers only!

Medical Care Technologies Inc. (MDCE) morning panicked all the way down to 19 cents/share, making my short at 43 cents/share the other day look pretty smart and my exit at 34 cents/share look pretty dumb…I ALWAYS have problems with exits, you’ll see as my account increase, I’ll split my positions in half and risk more, but with only 10,000 shares shorted, I wussed out…don’t get me wrong, I’m proud of trading like a coward—sometimes I miss out on absolute collapses like this, but most of the time, it saves me from larger losses…trading the most volatile stocks in the market I am a proud coward trader. Remember those words, they’re the smartest you’ll ever hear from anybody who trades penny stocks.

JayHawk Energy Inc. (JYHW) exhibited another bigtime 30% morning panic only to bounce late day…pretty amazing that this stock could come back, I love the manipulators behind these pumps, they’re very qualified. I’m still short 194 shares from 1.34, I’m holding since this is an eventual zero too…ideally I’ll be able to average my position higher.

PFSweb Inc. (PFSW) and Wave Systems Corp. (WAVX) were two “real company” plays that both tanked from the market open, opening the door to potential mid-day squeeze aka I wasn’t touching them…no play on either now, choppiness ensues, no thanks.

Alto Group Holdings Inc. (ALTO) collapsed roughly 50% in a day, 30% in the first 15 minutes of trading…let it be known that every stock promoter is a liar and is destined to pay eternally for their sins of telling their subscribers to use stop losses…stop losses create panics, nobody gets out unharmed…great lesson in why shorting these pumps is actually a safer strategy, especially if you can’t be around the computer every second (which is why I’m comfortable holding my AENY short)

Dearborn Bancorp Inc. (DEAR) and Hanmi Financial Corp. (HAFC) are 2 examples of small banks/financial companies that have doubled in 2 days…earnings news, distressed valuations, zzzzzz, I prefer pure pump & dumps, not these kinds of plays…still potential shorts if the patterns roll over perfectly as outlined in PennyStocking and TIMfundamentals Part Deux

Posted in Daily Stock Watchlist