The Latest Successful TIMalert: Converted Organics Inc. (COIN) For A Not-So-Easy 15% Gain
Posted by Timothy Sykes on Mon 8th of Sep, 2008 01:38:07 PM
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Waaaay behind on putting all the new sites/educational posts up for next week…oh yeah new chatroom for TIMalerts subscribers-only website TIMalerts.com website too (not the cool web app me and Pallian are working on, that takes time, this is just gonna be a basic chatroom where I can chat with my TIMalert peeps in real-time throughout the trading day…yeahhh now you gotta join, suck it up you already cheap Jews!) so here’s the basic summary for a ton of COIN alerts from last week:
When the stock went from $3.5 to $6.5 on fluffy PRs, as is sketchy COIN-company habit, I was trying to short the top and go for a 10-20% reversal (usually want more but this company is so bad with soooo many bitter shareholders/bag holders, it didn’t go up enough to get me really excited)…first TIMalert went out at $6.30…stock went down to $6 intraday, which was slightly negative–a a great sign–but it wasn’t the afternoon yet, so it turned out to be a fakeout, I covered at $6.50ish for a small loss (safety first, gotta protect against potential next day spike, still profited a bit on my COINW short)–total loss of like $175, boo hoo, not bad at all, those of you who read my book An American Hedge Fund know it’s tough to pick the exact top and my greatest gains come after my greatest losses.
Next day, it was done for from the get go so I reshorted at $6.20, not COINW too this time cuz I was traveling all day to a TV interview (video will be up soon)…it went red and stayed red, I covered at $5.70, not cuz I thought the stock was going higher, but you gotta take solid profits when you’re traveling and not aim for perfect exits….made $700+, so like $500 total on this bouncy stock…
Stock went lower to $5.40ish same day, $5.10ish the next morning, so it was a 15%ish winner from my TIMalert and then it bounced again as is Friday short squeeze habit as I detail in my PennyStocking DVD.
I didn’t time it close to perfectly, but I profited, as did many TIMalert subscribers, check out their testimonials:
shorted 1500 COIN on Thursday morning @ 5.90. Covered Friday morning @ 5.30. $860 profit after fees and commissions.
-traderhan
$500 profit before fees…nice, quick profit!
-Malcolm
Made $250…easy money
-BTB
$191.98 profit COIN cover this morning - still holding some - Thanks Tim!
-ddopps
Now you can Twitter any questions/comments to TIMhelp and obviously you can follow TIM on twitter too!
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Other Websites Referencing This Post
- TIM September Review: Up 14%, PennyStocking Annihilates All Indexes, Strategies & Hedge Funds; Their Worst Month Is Our Best! | TIM - Timothy Sykes
- TIM September Review: Up 14%, PennyStocking Annihilates All Indexes, Strategies & Hedge Funds; Their Worst Month Is Our Best!
- TIM September Review: Up 14%, PennyStocking Annihilates All Indexes, Strategies & Hedge Funds; Their Worst Month Is Our Best!
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TIM Alerts
View All| Date | Stock | Position | Ideal Exit | % Gain |
|---|---|---|---|---|
| Nov 24 | KVHI | Short | $3.70 | 18% |
| Nov 20 | STSX | Short | $3.10 | 11% |
| Nov 18 | PERY | Short | $3.75 | 25% |
| Nov 11 | IIJI | Short | $2.80 | 5% |
| Nov 6 | CVI | Short | $4 | 15% |
| Nov 5 | MECA | Short | $1.95 | 51% |
| Nov 4 | CVI | Short | $4.81 | 4% |
| Nov 3 | NAK | Short | $3.20 | 5% |
| Oct 29 | EVC | Short | $2 | 26% |
| Oct 28 | HSNI | Short | $6.80 | 7% |
| Oct 28 | HSNI | Short | $5.75 | 4% |
November: 9 alerts, 15% avg gain
October: 11 alerts, 14% avg gain
IDMI tanking nicely
Tim, so where is this temporary chatroom for the TimAlerts peeps? If it isn’t yet up, how soon will it be? Please post a link in the TimAlerts page (or send a TimAlert) when it is up.
chatroom will be up next week
Back in FRE .75 … got good streaming quotes now ….
bounce bitch, bounce!
Good work Tim,
will be opening my trading account and then joining you as soon as I can get around to it, probably buy your course in the yearly package as well so im not a blind trader not even knowing what a short is :P
Thanks for the great service, keep kicking @ss
FRE intraday trend reversal!! yeaaahh
Closed 500 shares of IDMI at 2.65 shorted at 3.08 on Friday. Still short 500 shares since it appears to have a big red closing.
COIN Breaking down
new post:
http://www.timothysykes.com/ad.....in-august/
Out FRE .80 … break even for the day .. should’ve taken profits but was feeling greedy
You’re a loathsome vulture Sykes…the Dick Cheney of the stock market…you piss all over this stock spreading your ill informed and misleading platitudes, hurting long time investors, then you’re back to benefit from it’s success…there’s the irony! You’re a true scumbag! Were there any justice the SEC should have dealt with you by now. No wonder we haven’t heard from you on the yahoo COIN board until now…must be hard to show your face… COIN is now becoming a successful venture, are you gonna go public and apologize? Probably not, you are a scumbag!
the chat room is going to be such a great tool to have in our pennystocking toolbox.
Here’s a possible short for you guys, Im personally not in it, need to get the acct funded buy might be a good short play, good luck and safe trading, ticker is PPC. Careful, might spike to the upside, down non stop on consecutive days, might be a bit of short covering. Play at your risk…….. cheers
Posted the below at in the wrong place I think, anyways all you shorts can take a look at it, lets wait and see if this baby drops…..I dont have any postitions, in case you are wondering….good luck shortys………sorry ticker is PPC
http://timothysykes.com/2008/0.....y-15-gain/