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$22,700 In Friday Trading Profits & 7 Interesting Penny Stocks To Watch

Watch these 7 free video lessons on how I became a millionaire

This was sent to TIMalert subscribers at midnight this morning (the daily video watchlist of the 2 best stocks were sent to PennyStocking Silver Subscribers):

Check out my article on the front page of the Dallas Morning News biz section on the goons who work at MSEH

Compare the longterm charts of several promotional mailer stocks and learnnnnnn.

Thinkorswim Trading Account: $125,939, this account is up 23% in 2010, up 141% in 2009 and up 913% since Nov. 2007 start

Conservative SogoTrade Account: $198,147, no trades/no overnight positions, account is up 72% since Nov. 2009 start

Conservative Interactive Brokers Account: $179,415, up 20% since May 2009 start

Aggressive Interactive Brokers Account: $60,473, account is up 21% since Nov. 2009 start

‘Twas a $22,700ish profit day (no trades for me) for the TIMalert subscribers listed below:

Just covered my RPC short after holding through the week for +$9,949. Great call and blogpost Tim!
-whizzler

+$6,700 on RPC after my Failure to Deliver notice.
-darth

+$853 on RPC. +$308 on RNN – johnc
-johnc

Made 700 or so on CRUS in the long acct.
-SH

RPC short called in at Sogo -10k. Covered at $1.215 ave from $1.64 = $4,250.
-Matt R.

Cost Plus Inc. (CPWM) keeps surging, now up to 5ish from 2 at the beginning of April…Friday was a nice breakout day on strong volume after several days of consolidation…tough for me to play it since it’s all takeover speculation, but I’m watching for potential short.

Big Bear Mining Corp. (BGBR) reminds me of that scene in the fine movie Dead Man Walking where the prison guards yell out “Dead Man Walking” when the criminal is about to get executed….I am the prison guard of penny stocks and I’m crying out “Dead Pump Bouncing”…bounce is from 75 cents/share to 1.25/share so far, obvious potential short back to its inevitable resting place below $1

PURE Bioscience (PURE) is bouncing around like a dying business TV network, watched by a few thousand people who are also bored to death by this price action (eerily similar to a dying business TV channel’s audience), no play for me now, it’ll likely continue to fade, but there is risk o spiking so I’ll wait for such spike to enter another short.

Encorium Group Inc. (ENCO) surprisingly did get to the 6s which I called in several videos ahead of time for PennyStocking Silver subscribers (still one day to contact us to request my birthday special to save $ when you upgrade), but there are no shares to short…it’s still an obvious short and I am praying they are desperate enough to issue a hype-filled press release a their little conference exhibition this week…the thought of being able to bet against a company with a demonstrated history of failure at inflated prices, well, it’s just mouth watering…c’mon ENCO management, let’s see you hype yourselves up ZANE-style…you know it’s the only way you can raise money for your flea ridden joke of a company/

Radient Pharmaceuticals Corporation (RPC) dropped even more to the 1.20s, but even the “longterm” short sellers got their shares called back on Friday….that’s what led to some TIMalert subscribers and even more PennyStocking Silver subscribers to report such monster gains of $5,000+ with their small trading accounts…congrats everyone…I wouldn’t be surprised to see sub $1, but shares to short are going to be difficult to find, probable no play for me now.

Rexahn Pharmaceuticals Inc (RNN) just keeps bouncing, now a perfect double from its 1.50 lows…potential short, but remember biotech’s are extra-tricky…not like paid promotional mailer stocks.

Clear-Lite Holdings, Inc. (CLRH) is one of my top potential shorts, still at that 1.60 level, up from 1/share so not much downside, but the downside is probable given that the runup is only due to promotional mailers, I’d love to find shares to short of this one, but it’s gonna be difficult so I root for the promoters to push it up even more to squeeze some shorts to open up shares for me!

Posted in Daily Stock Watchlist

  • Anonymous

    tim im going to paper trade penny stocks on a stock market simulator with 15 minutes delay and see where this takes me; i’ll be back at the end of the month!

    so far shorted ENCO at 5.02 , lol of course there’s no real life shares to short :D

  • http://www.tradeprofits.net/bgbr-%e2%80%93-pump-dump BGBR – Pump & Dump?

    [...] happens to BGBR. Earlier today I read over at Tim Sykes blog, that he is looking for a possible short trade on BGBR. If you don’t know, these kinds of setups are exactly what Timothy Sykes is looking for. Just for [...]

  • http://www.tbohen.com tbohen

    TOS had shares of ENCO, I got some late in the day, but nevertheless in at $4.72

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