This was sent to TIMalert subscribers at 11PM EST last night:
Memorize this pattern, these morning panics happen sooooo often…great to short sell into.
Thinkorswim Trading Account: $115,5551, no trades, no positions, up 13% in January, up 141% in 2009 and up 831% in 27 months
New SogoTrade Account: started on 11/24/09: $110,635, no trades/positions, account is down 4% since 11/11/09 start
Conservative Interactive Brokers Account: $178,000, lost $777 on failed APKT breakout, up 20% since 05/01/09 start
Aggressive Interactive Brokers Account: $58,644, lost $550ish on failed APKT breakout, account is up 17% since 11/11/09 start
$400 loss day ($1300ish loss for me) for the TIMalert subscribers listed below, my apologies that APKT intraday breakout failed but it was a great setup due to blowout earnings…see DDRX same exact setup from a few months ago:
$900 profit riding the NXTH pump. Exited 5k @ 1.97, then it went over 2 and held steady for a while. Rebought 5k @ 2.06 in the last hour and I’m holding overnight.
-nifri
-$1165 Disgusting..
-hpnet
WOW,WOW,Took your advice, Bgt.3000 ZAGG premarket @ 2.40,sold@2.71 +920.Did it again,B,3000@2.59—S@3.00+1222.Best day ever.
Lost $200 on APKT… I made $150 in a few days going long on JYHW.
-RB
-$3500. My own mistake for taking too big of a position.
-bill
-$2250 on APKT.
-Reaper
sucky on APKT… -60
-BN
+2,200 short on PEIX spike from BS article
-curtly
I’m holding my 1k shares of APKT overnight, made $1403.00 on Zagg, bought 2k shares right at the news yesterday about the ipad cover and sold at 2.93
-bmw
+231 on ZAGG should have been +1000 was hoping $3 would have held…greed….-412 CRWG
-mstokes
Yeh I lost 200 bucks on APKT
-G
sold APKT too… loss of approx $1400
-ferrari
Zagg Inc. (ZAGG) and Americas Energy Company (AENY) were my 2 best buy ideas, as PennyStocking Silver subscribers watched in their daily video watchlist…ZAGG I absolutely nailed that it had no overhead resistance whatsoever and the pumpers behind the stock would surely make all their usual telemarketing calls to get people to note that ZAGG is now one of the only iPad plays and the stock is down 70% too so it’s “cheap”…congrats to the TIMalert subscribers who baaaanked on this one, my experience and cynicism kept me out, one negative after seeing too much junk over the years…AENY squeezed shorts a bit, but can’t seem to breakout big…both are still potential buys although neither are on my definitely buy list.
Acme Packet, Inc. (APKT) I was dead wrong about it being a good buy when it broke its day high just under 14 after strong earnings, typical afternoon 1st day gainer breakout buy, but the breakout failed and while I shoulda woulda coulda cut losses in the 15-20 cent/share range, I gave it extra time for possible gap/morning spike tomorrow, but when it violated the 13.60 intraday support late in the day, I could not risk a collapse or morning gap down tomorrow…I would do this trade again and again as the pattern is reliable the vast majority of time, just gotta cut losses better when breakout fails…potential buy still if it can break 14 convincingly.
Imaging3 Inc. (IMGG) don’t look now but this scumbag of a company has now doubled off its 30 cent/share lows to 60 cents/share in 6 days in very gradual fashion…everyone’s looking forward to FDA news…CEO is hyping it up, message board suckers are past the point of no return (much like those who got demolished by similar schemes SpongeTech Delivery Systems Inc. (SPNG) and Hemispherx BioPharma, Inc. (HEB)) and have no choice but to believe…we know better, definite potential short except for the downside is so little and there is a 5-20% chance they get approved.
Conolog Corporation (CNLG) dropped 20% to under 3 and a few people said “Tim, you nailed this as a pump, but your cowardly trading made you miss the meat of the move”…yes, it happens time and time again and I would’ve loved to short, but I couldn’t find any shares to short…so the key is being early and risking losses…I was early, but given the low marketcap and the fact that they actually did get a contract rather than just fluff up some iPad announcement, I played it safe…as I usually do…which is why my account will be strong and in this game years from now and the accounts of risk takers will be long gone and buried…already seen it happen too many times over the last decade…coulda woulda shoulda kept 1,000 shares, but with such small positions I just hate scaling in/out, not really worth my time since I get addicted and watch all day…potential short still down to the mid 2s.
NXT Nutritionals Holdings, Inc. (NXTH) jumped to over 2 as the $300,000+ mailer did its magic, inflating the price for Shaq and company to sell into…gonna make a great short when this collapses, c’mon CEO who publicly and idiotically blames me for the stock’s crash, open up some shares to short so you can actually see what damage I can do! (doubtful there’ll be any shares to short and I hope they can sustain this pump for a little while longer to give it more inevitable downside)
Posted in Daily Stock Watchlist