Last Tuesday I wrote this post entitled “Right Now You Get To Witness A Pump And Dump In Real-Time!” all about how I thought DOMK was pumped up with questionable press releases from their one employee who has a checkered past of working for companies that had been suspended by the SEC for misleading press releases…so in my mind, a dump was inevitable and the cool thing was that yes you could witness it play out live over a few days.
This was the DOMK chart I posted and the pattern is STRAIGHT out of my PennyStocking andDVDs (email email@example.com for specials), which is why I explained I was short/betting against the stock price in the low $4s:
(Mind you, I’ve been blogging and trading from Bali for the first week of May, raking in just under $100,000 for the week (video lesson coming on my upcoming webiste Upsellonomics.com) as the beauty of trading and blogging is you can do it from ANYWHERE, you just need an internet connection, which the St. Regis Bali provided perfectlyyyyy (get excited for this extravagant video lesson coming in a few days))
Now exactly one week later from my DOMK expose, with no new hyped up/questionable press releases — perhaps out of fear of an SEC investigation thanks to my calling him out (its happened before, I’ve predicted nearly a dozen SEC investigations and halts, most notably being first to call out SpongeTech, which led to the NY Post featuring my blog posts, which led to an SEC investigation followed by several insiders pleading guilty — the stock has dropped from $4.32 to just $1.75, a drop of 60%.
Subscribers of my 4 exceeding $65,000 as you can see HERE….have cleaned up on our shorts — thanks to my favorite broker having shares available to short — I personally made $7,000ish — with our profits
Some highlighted trades from my PennyStocking Silver subscribers are:students and
Entry comments: Shorted via
Exit comments:Missed the bottom by 60 cents/share but still made $1.25/share, very good, wish I kept my 36,000 shares form yesterday now, still profitable, great live Webinar right now for Challenge students!!!into failed gap, probable morning panic coming, goal is to make 50 cents/share or more
Read the report by Tim and decided to make my move, GOOD RUN!
Had faith in the massive afternoon fade after the squeeze, held over night and watch it plummet to $2.35 in 25minutes. This is what I joined TimChallenge for.
Held through the big squeeze and through the night. I knew to hold after Tim’s awesome research report. The next day it crashed and I banked.
Shorted @ 4.20, covered at 2.885; price displayed is after fees. Thanks for the heads up re: this stock, Tim.
Thanks Tim, great call but I covered a little too soon. Got excited!
Fantastic morning panic, covered way too soon.
Entry comments: http://biz.yahoo.com/e/120229/domk.ob8-k.html
Exit comments:Actually got 9k short at 4.55ish, covered for 70 cents/share, gotta love making $6,000 from an exotic place like where I am, pattern straight out of DVDs, predicted in morning watchlist,had shares to short, just perfect all around, not risking it now, potential reshort has shares to short, their hyped up solar ipAd product they only licensed for $10,000, now the marketcap is near $200 million LOL
Week of 5/7, a couple trades combined but all in all shoulda done a better job
This ain’t my first rodeo as I’ve predicted more 50-60% one-week drops than I have SEC investigations/trading halts (the stock market reacts far quicker than lazy/underpaid/incompetent regulators)…see examples HERE and HERE and 50 more examples in (email firstname.lastname@example.org for specials)
And as usual I covered too early, getting faked out by one last spike to $4.80ish before the death drop then only re-shorting 3,000 shares for a 30% drop and making just under $4,000 in a few minutes…I was filming a live 90-minute webinar for my students as DOMK dropped from the low $4s to the low $2s in 15 minutes…it’s pretty amazing to watch so I’m SO glad my students got to see that:
Watch the whole 90-minute webinar below, we’re working on an edited version to make it easier to watch to focus purely on DOMK’s amazing death drop