I love guest posts and the one below is one of my favorite, comparable to this one from a trader who makes over $1 million each year.
As this post the other day featuring over $200,000 in trading profits and as you can see from this tweet:subscribers and and saw from
…some subscribers of my 4 I’ve catalogued nearly a dozen times as you can see in this post and I’ve detailed at length in , and The New Rules Of PennyStocking:have been truly banking profits lately…yup, yet again it’s this pattern that
BIG PAID PUMP GO BOOM
And while most of us were singing:
…one of the guys who did find shares to short and profited solidly wrote me this great email about his trading on Uniontown Energy Inc (UTOG), check it out (in the coming days, I’ll be announcing 2 new online discount brokers in addition towho I have found have pretty good borrows to short stocks like this)
The past few weeks have proved to be my most successful and profitable trading weeks since I became your student as a Silver subscriber early last year. I have booked profits of $7500+ shorting the blatant pumps SPLM and UTOG. Finding shares to short of these “joke of companies” is a bitch but they are out there and I will continue to profit from your strategy and I’m sure all of your subscribers can do the same if they work as hard as I have.
Sentry Petroleum Ltd (SPLM) (dropped down to $2.55 on Friday, it was a http://profit.ly/1MmKFy) and I couldnt have done it without all of your guidance from Pennystocking Part Deux and your Pennystocking Silver newsletter.longer term short at $3.45) became a prime short as you noted in several of your watchlists. I watched this ticker like a hawk for weeks and knew the inevitable fall was imminent in early March. I’m proud to say I shorted at the top ($3.60) and covered near the bottom ($2.20) of this pos (
UTOG was another inevitable crash waiting to happen as you clearly explained in this Pennystocking Silver video. I profited over $2k on this blatant pump (http://profit.ly/1MmKU1 and http://profit.ly/1MmKTz). The first down day appeared to be in place on March 24th but the promoters faked out all the shorts. Thanks to your “trade-like-a-castrated-choirboy teachings”, I was out quickly when the stock failed to break $2 convincingly and proceeded to run back up to $2.40. I again profited nicely the next day (March 25th) and shorted the 1.87 break and covered into the nice “afternoon fade” which you brilliantly cover over and over in .
Thanks again for all your guidance and support – as I mentioned at your 3rd Annual Pennystocking Conference on November 14-15 2010, my goal is to become your best student and I will continue to learn from all the valuable lessons you have provided me over the last year.