CHATROOM

5 Short Selling Penny Stocks But I Have Only One True Love…

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This was sent to TIMalert subscribers at 11PM EST last night and PennyStocking Silver subscribers got an abbreviated video version:

LiveStock will be this Friday 1-2PM EST, start preparing yourselves mentally…TIManswers, van Meerten, ZANE, AENY, MSEH, we have a lot to discuss…..pleaseeeee don’t email me any questions anymore, ask them ALL at http://answers.www.timothysykes.com bookmark it!

The chatroom has really turned excellent, can we get over 140 people tomorrow? Go visit and bookmark: http://www.timalerts.com/chatroom

Thinkorswim Trading Account: $121,500ish , now only up $500ish on my AENY short, choppy stock, this account is up 18% in 2010, up 141% in 2009 and up 879% in 28 months

Conservative SogoTrade Account: started on 11/24/09: $151,000ish, ended up making $5,500ish on ZANE, stil short overnight, account is up 31% since 11/11/09 start

Conservative Interactive Brokers Account: $179,607, no trades/positions, up 20% since 05/01/09 start

Aggressive Interactive Brokers Account: $61,005, no trades/positions, account is up 22% since 11/11/09 start

‘Twas a $6,000ish profit day ($4,000ish profit day for me) for the TIMalert subscribers listed below:

Made 62 dollars on ZANE b/c of the bounce that ate my profits. +615 on SCOK since the FTD notice ate some profits too.
-DT

+$270 shorting ZANE…
-CS

Just back from vacation. Playing small now. +$700ish on ZANE for the last two days.
-bill

$350ish realized gains on ZANE so far, still holding some shares short. Short AENY as well. Thanks T
-Mihk

+$164.29 ZANE profit (http://bit.ly/bKyz6i)
-qbantek

+$448.83 on TEAR, that is 14.9% in under one day. Yay!… +$275 this time on ZANE…+$122 on my latest ZANE trade….-$503 on ZANE this time, giving up
-Reaper

-800 ZANE
-TJ

Force Protection Inc. (FRPT) had a great morning spike from 6.20 to 6.70, great follow through finally on one of these earnings breakout plays…I didn’t touch it, but it’s good to see this pattern finally working, means it could work on the next smallcap that displays this price action, make a mental note.

OccuLogix, Inc. (TEAR) ultimately finished down, but there was no morning panic, it was a morning spike…as you see in my DVDs, namely PennyStocking Part Deux and TIMfundamentals Part Deux, failed breakdowns squeeze shorts…it’s not a “TIMalerts effect” and it’s sad that I must continually point this out as I didn’t even trade this stock and yet I still get blamed…no play now, just look at the 2 day chart and learn from its choppiness.

Vermillion Inc. (VRML) faded gradually all day after the lackluster news wasn’t picked up by any big media…quite the buy the rumor, sell the news scenario, off my watchlist until they get liquid/exciting.

Zannett Inc. (ZANE) had its first down day, but didn’t collapse the way I expected….soooo slow, but the overhead resistence becomes stronger every day, each spike is weaker and weaker, now I think we’re ready for a morning panic to the mid to low 2s…I am short nicely overnight looking to cover into said panic…made $5,500 today even as I messed up my trades and my internet got all messed up…mistakes will happen, I will always minimize trades when the trade setup or my computer setup isn’t ideal.

Americas Energy Company (AENY) I am still short 10,000 shares but the stock bounced a bit…tough call as the risk is my short gets bought in as happened once or twice before but the reward is it’s likely to drop 50 cents/share or more in the coming days/weeks as the promotional mailers have ceased and all of Wollstein’s promotional stocks are getting crushed, namely JYHW and NXTH…I like my odds, especially with the possibility of being able to cover into a morning panic one of these days.

Posted in Daily Stock Watchlist

  • Michael Fineberg

    Funny thing about your latest trades section. Been monitoring it for a few weeks. You really seem to be killing it. Unfortunately your total pnl does has not added up with your supposed gains. Some would call this misleading. Perhaps illegal. Absolutely criminal. I call it hilarious, especially considering all of your teen-ageist babble about disclosure and clarity. Having signed up for an account already, and sold through misleading information, I thank god that I am a lawyer being paid for a free year after law school.

  • http://www.timothysykes.com Anonymous

    What exactly doesnt add up? I trade multiple accounts and manage them all, I’ll gladly send you 50000 pages of statements you moron, my entire business is brutal honesty, not worth my time/energy/biz to lie AT ALL…bring it

  • Michael Fineberg

    Not worth it to lie? I am implying that is how you induce/seduce subscribers. Perhaps I was writing too moronically. I would love to see a full list of all your trades for the past 2+ years that actually adds up to $121,608 and please don’t tell me the one on your site is accurate.

  • http://www.timothysykes.com Anonymous

    LOL you really think u have me? Man ignorance has no bounds, go to http://www.timothysykes.com/tim and see ALL my trades…gotta update the past few weeks since I’ve been so busy trading but u can see EXACTLY how i built my account step by step…i’ll have u disbarred for ignorance and for wasting my time…in an industry full of liars cheats and frauds, i am the ONLY person with a superior and transparent track record…go fetch

  • http://www.timothysykes.com Anonymous

    and if u wanna take me to court to debate this do it, i’ll show the entire world how this can be done too

  • Flag

    You are like Anthony Elgindy in the way that you shine a light on small cap companies and show how they sometimes attempt to manipulate the public for the purposes of expanding their own market cap.