This was sent to TIMalert subscribers at 5am EST this morning (the daily video watchlist of the 2 best stocks were sent to PennyStocking Silver Subscribers):
Just a few weeks to take advantage of this
7 hugely important trading lessons
See penny stock promoters fighting, reminiscent of Bumfights
Thinkorswim Trading Account: $145,308, no trades, this account is up 42% in 2010, up 141% in 2009 and up 1,070% since Nov. 2007 start
Conservative SogoTrade Account: $237,700ish, roughly breakeven on my NEXMD short, account is up 106% since Nov. 2009 start
Conservative Interactive Brokers Account: $187,909, no trades, account is up 25% since May 2009 start
Aggressive Interactive Brokers Account: $62,902, no trades, account is up 26% since Nov. 2009 start
Today was a $300 loss day ($500 loss day for me) for the TIMalert subscribers listed below:
+590 IFLG, in and out all day long, if I had double checked orders gain would be large, -300 IDT
-OG
+269 AMEL, the pumping is over, so slow fade to oblivion now
-Reaper
-575 IDT, Wouldn’t break down. Finally gave up on it. Afraid of a run.
-RB
+133 IFLG, Covered @ the 6.06 feb-retracement
-king12x
+120 DCTH Scaled in at small spike, caught by huge spike, waited patiently for a while.
-drdon
NAUTILUS MINERALS IN (NUSMF) I would’ve shorted at 2.40 if I could find shares to short, but alas I couldn’t and it’s probly good because the stock finished a bit higher at 2.55…some people aren’t reading the alerts—when I sent that alert I said ½ position due to the conference call being overnight, meaning if I did find shares, I would have shorted just in case there were no shares to short later, which is likely, and even though it might spike a bit more, the fall will likely be swift and steep…yes, lots of “likelies” in that run on sentence, but remember I’ve seen hundreds of these newsletter pumps, they have ALL ended the same…we know this stock will collapse, it’s just a question of when so I will continue looking for shares to short and depending on the pattern, short small at first to protect from further spiking and then get aggressive once it fits the perfect fading price action I detail in PennyStocking Part Deux, potential short, ALFSS, no borrow, no cry.
NexMed, Inc. (NEXMD) I am still short 5,000 shares at 3.12 because even though it bounce to 3.13, the volume faded nicely and there didn’t seem to be any real threat of getting squeezed….the buying is likely do to forced buy ins which is the only risk, but given that I’m now down 1 cent/share instead of being up 9 cents/share, we’re dealing with puny penny games here and I will not be scared out of a short I know will work in a few days/weeks if I can have patience…if it does spike, I’d love to short more as I have learned from recent similar plays HAUP and BGBR to be more patient on these gimmes.
Gold American Mining Corp. (SILA) in the grand tradition of short selling paid for promoted carcass companies after the pump & a slight dead pump bounce a la BGBR and AMEL comes the latest such case as its bounced from 45 to 75 cents/share in two days on news of a company name change and hope that new promoters will takeover a la AENY when they changed their name/ticker from TRET. I love shorting junk like this, potential short, but hopefully it can spike a bit more first.
Catalyst Pharmaceutical Partners, Inc. (CPRX) dropped between 10 and 15% all day, no further bounce, no great opportunity to short, no play now, sad, but this is how most failed multi-day spikers end, with a whimper.
Dearborn Bancorp, Inc. (DEAR) is not nearly as wimpy as CPRX as it has the small bank rising trend in its favor and now at 3ish, its broken out above the month-long 2.80ish resistance meaning this could squeeze the shorts and keep going. It’s a potential short when the proper price action takes place, until then, I’ll sit back and watch.
DayStar Technologies Inc. (DSTI) is a proven incompetent company, having dropped from 8 to 1 in just the last year, almost getting delisted, but now it is spiking from 1 to 1.50ish seemingly due to a new research report…the report is meaningless, the chart speaks volumes and this is my top potential short, shhhhhh, let’s hope more people buy into one of the prettiest downtrending charts in recent memory to give it more downside when it inevitably falls back to near its lows.
InfoLogix, Inc. (IFLG) spiked over $1/share to the mid $6s for the 5th time in 2010, without news and on heavy volume as is usual…the Sec should seriously look into this stock, it is more questionable and sketchier than Mel Gibson’s latest audio recording
AVANIR Pharmaceuticals (AVNR) is a pesky wannabe biotech that normally trades in a very choppy fashion, but now has broken out above, albeit slightly, multi-month resistance at 3.50. Weak technical breakout aside, this stock has never proven it can keep spiking without retracing so this is a potential short, albeit a weak one.
Posted in Daily Stock Watchlist