Check out how subscribers of my 4 newsletters and other gutter traders like InvestorsLive have made $120,000+ trading JAMN
Many of my subscribers of my 4 newsletters were watching this Friday the 13th episode of LiveStock last Friday when right in the middle of the show I scurried off to short 10,000 shares of Jammin Java Corp. (JAMN) in the $5.50 range and then again at $5.35, covering in the low $5s before the weekend because I didn’t want to pay ridiculous borrowing costs (in hindsight a few cents/share doesn’t matter), profiting roughly $3,300, but missing the tremendous downside of the next few days.
Look at how this stock collapsed in just 2 days, NO different from any of the paid pumps in my instructional DVD packages like The New Rules Of PennyStocking, PennyStocking Part Deux and TIMfundamentals Part Deux.
Hot Coffee Stock
Penny Stock Crash
(I did make these 3 useful free video lessons though)
I coupled my Friday mistake by spending too much time with a new PRO subscriber late Sunday night so even though I made this DEAD ON video watchlist for PennyStocking Silver subscribers:
…I didn’t wake up til the market open on Monday, thus not being able to reserve any shares to short as the stock dropped PERFECTLY from $5 to $3 in the 1st hour of trading (1st down day on a paid pump with fading volume works like a charm) and even though I properly alerted subscribers of my 4 newsletters to the EXACT bottom bottom-picking opportunity at $3.06, I mistimed my trade there and only made a few hundred dollars while correctly anticipating the bounce to the $4s…
…the only good news being that one of my better PRO subscribers baaaaaanked $8,000+ on his short from $5 to $4ish and then a little more profits on the bounce:
$8,651profitJAMNShort Stock
3 short trade combined into 1, started 5.03 down to mid 3s scaled in and ot
Posted by elkwood66 /
http://profit.ly/1MmSeH
As did one of my other more dedicated PennyStocking Silver subscribers who also blogged about his trade
$1,196profitJAMNShort Stock
Nailed the short here! Missed the bounce but that’s ok!
Posted by thehonestcroock /
http://profit.ly/1MmSaO
Even better the guy who made the $8,000+ wrote this solid guest post:
I am a Pro subscriber and go by the screenname “elkwood66″. I post and prove all my trades on Profitly under the same screen name. I have made over $30k in roughly the last month and a half as a Pro member. Here are some comments on my JAMN trade.
In my opinion this stock was clearly broken on Friday when I made about $1500 shorting with several trades. i think the only reason it even held $5 on Friday was because some shorts covered as not to carry over the weekend due to cost or risk. The pattern on Friday was perfect. As JAMN would drop and bounce, it failed everytime, very different from its prior behavior.
All weekend I was chomping at the bit waiting for Monday morning to come. I was up at 7am and got 20k shares with the special broker. Knowing the pattern and seeing JAMN struggling in pre-market I was able to fill 5k at 5.02 in pre. As soon as the market opened i filled 2500 more at about 4.93. I was trying to add all the way down to 4.40 and only managed 500 more for a total of 8k short. It is damn near impossible to get filled during the crash and I was 8 to 10 cents below the bid. Anyhow, I decided to start scaling out at 4.10 down to 3.80 for roughly $8300. I wont know the exact profit until the comission and fees hit my account tomorrow. Knowing clearly there would be a bounce, I finally went long at 3.10 for a bitch-like 3k shares and made an additional .20 cents for $600. I traded it this way not to screw up my already $8300 realized. Lots of lessons to be learned here.
One thing Tim told me that will guarantee I will always make money over the long haul and not force trades is this. Treat every trade like it is your last and that you are permantly retired. Howevver, go over the watchlist and vids everyday. Watch the for the set-ups and patterns. When they are so perfect, then you have to come out of retirement for that trade. Unfotunately i probably should have made 30k on JAMN, but 9k is fine.
So what are the 5 lessons here:
1. Pump and dumps ROCK! I DARE you to find me another strategy with this predictable of a pattern…guess I should update this magic pattern post with all the new examples that are EXACT
2. Yes, finding shares to short is difficult, but buying the bounce on stocks like JAMN and LEXG worked for a great many people too
3. Can you now see why I spit on and verbally rape people who hate on penny stocks, they’re truly ignorant as they don’t understand the predictability here.
4. OH you want examples of how to buy the bounce…well I bought JAMN at $3.24 with the goal of selling at $4+…I bitched out but in less than an hour later, JAMN had bounced 30%+…LEXG bounced from the $3s to the $6s after its EXACT same intraday crash pattern a few weeks ago
5. I’m not a great trader at all, but I know the patterns and best profit angles…you should learn them too…perhaps join my trading challenge
Posted in Basics, Guest Posts, PennyStocking PRO, PennyStocking Silver Reviews, Success Stories, Testimonials, Videos
