It doesn’t happen very often, but as I outline in my instructional DVD packages and as TIMalert subscribers know all too well, short selling blatant pump & dumps at the proper time (not as easy as you might think when you factor in share availability, and risks of short squeezes & margin calls….there are a great many reasons why people follow me and its due to my decade-long experience)
Since my instructional DVDs already teach this exact pattern, I’ll just show you the alerts I sent to TIMalert subscribers (mistimed my exit at 34 cents/share as usual, but still made $850), the chart of Medical Care Technologies Inc. (MDCE) and its 50%+ collapse from 54 cents/share down to 20 cents/share in just one day and how TIMalert subscribers banked thousands of dollars short selling this carcass:
Private: shorted 10,000 MDCE at 42.5 cent/share
Posted by timothysykes on Tue 19th of Jan, 2010 09:55:42 AM
Executed at 42.5 cents/share to be exact…the stock is a little low priced for what I typically like, but today is its 6th up day in a row, up from 15 cents/share all due to millions upon million of spam mail being sent out and coordinated press reelases to lure in suckers…no different than ECOB, UOMO and a thousand other pump & dumps which dropped 50%+ of their highs…is today this one’s high, possibly, but I don’t care…this is a small position (less than 5% of my account) so I’ll either take a 10-15 cent/share profit on any collapse today or tomorrow or look to build my position if it keeps going higher…volume has been amazing the past few days, today’s start already shows some fading so today very well could be the top…risk is nil since this company is a pump, potential profit of $1000-$2,000…gotta short some when you can find shares to short, which Thinkorswim & Interactive Brokers both did today
Lots of TIMalert subscribers were doubting me as the stock went to the 50+ cent/share range, but I knew I had to be early in order to reserve shares….a concept too difficult to grasp for most penny stock traders…as evidenced by the pathetic profits listed below:
Missed the morning panic into .20s, impatient and have to go do work. Got out 0.31 from 0.42 +$223 profit.
-Andrew
+$470 on MDCE. Nice call.
-bill
$315 profit on the long side of MDCE after holding for several days.
-nifri
+180 on MDCE
-BN
MDCE covered short + $111
-arteez
+100 on MDCE
-Elvis
But no matter how off I was on my exit and how small brains my subscribers have, I tell you this now and forever, the chart below is 100% predictable…it and the charts of pump & dump future just waiting for someone smarter to reap greater profits:
Is that somebody you? Will you learn from my study guides and take it to another level, showing us all how to trade these things?
Tags: Manipulation, MDCE, Pump & Dumps, Short Selling, Testimonials
