Over the weekend, you might’ve read my post about NXT Nutritionals Holdings Inc (NXTH): Shaquille O’Neal’s penny pump & dump, the $300,000+ promo mailer going around and how he can start selling 20,000 shares/day starting right now, February 2010.
(In that post I said: “I’ll just link back to this post time and again when NXTH crashes 50%+ for a 2nd time when this round of manipulation ends andreport even greater profits than those below)
…and if you are a, you’d have read my premarket watchlist which said (notice the prediction of a potential 50%+ intraday collapse):
(NXTH) see my weekend research blog post and understand that while it’s easy to ride the momentum higher, it’s also very risky as the blatant manipulation ups the odds the SEC halts this or you get a 50%+ intraday collapse the last time this happened…if I ever bought, it’d be small like my AENY buy whose gains didn’t prove to be worth my time…this will be an excellent short, ALFSS!
Subscribers also received their nightly video watchlist last night in which I stated “I’m not gonna buy this, it’ll be an upcoming short”
So early this morning I reserved shares to short (ALFSS) at& (IB had none when I checked time and again) and placed my limit to short at $3.19 waaay above the current price (to reserve shares to short if and when I wanted them so they wouldn’t execute right away)…with NXTH strong over $3 around 12:50PM EST, I changed both limit orders to $3.49 to make sure neither would execute as I expected NXTH to test its previous high of $3.30. (usually good to put an order just below some big resistance) and went to Whole Foods Market, Inc. (WFMI) with my girlfriend…obviously bringing my laptop just in case the stock cracked while we were there (been at this game too long to know the reversals can happen at ANY time…I am always connected to my laptop and probly soon my iPad)
When I signed online to the Whole Foods internet, I got an IM from InvestorsLive saying “there goes NXTH at 3.12″…I quickly logged in to try to change my order back to $3 to get short before the collapse, but I sadly knew there was litle chance I’d get executed since collapses happen so quickly…as I was about to change my order, I froze as I looked more carefully at my computer screen which I hadn’t updated since I put in my new order at $3.49:
At, my $3.19 order had NOT been canceled and now I had 2 open orders with the stock right at $3.20ish….so I clicked refresh….and guess what I had been executed for 10,000 shares short at $3.19 with InvestorsLive excitedly IMing me, “2.75!!!!” and Gregg, co-creator of who has had the benefit of learning my strategy next to me as we build out , saying he got short at $3.10 and was loving the drop so far.
I quickly sent out an alert toby email and subscribers by IM, but many were disappointed since the stock I had been saying all morning long that it was risky to short today (true I didn’t think today would be the collapse day and my $3.19 execution was TOTAL luck….making the trade reminiscent of EMGE on which I was down $2,000+ before it also collapsed 50%+…yes, wake up suckers, this pattern happens time and again, EMGE was a six figure emailer too)
Onlyand a few others seemed to be short (the subscribers-only chat was hopping all day, nearly 100 people) and within 30 minutes, the stock had cracked to $1.80ish, a 44% decline, leaving those who were long totally helpless as their stop losses did them no good whatsoever (the fatal flaw of ever following stock promoters)
I covered at $1.94 just to protect my accidental $12,500ish gains:
…but when I tried to send out an email alert toI got this message:
(hence why alerts via Instant Message forsubscribers is a useful upgrade)
Gregg made $700 covering below $2, which is a massive gain for his previous small $2,700ish account…
made +$2771.58 and he screwed it al up too (you know a strategy is good when we rarely are perfect in our timing and yet still bank respectably)
Arkan made +$6k, shorted at about 2.9
Goes to show you:
1.) these massive intraday collapses are NOT random they are the beautiful result of pump & dumps
2.) the timing and share availability is tough to master, but the gains are extraordinary if you’re anywhere close to when the final bell tolls for these pumps.
3.) all those who attack me and PennyStocking are either suckers or manipulators because whether or not I or anybody else traded this thing well…we absolutely nailed how it would die and that makes me rather unique/useful in an industry full of frauds/cowards