As I’ve posted HERE and HERE, EDEN was a great pump due to a 100% spike caused by a fluffy inaccurate article written by a major media outlet—my former employer—for a bit—TheStreet.com (they later corrected it, but the damage was already done). The first time I shorted at $2.55, impatiently/conservatively covering at $2.35 for a decent $180 profit. But given its tiny tiny tiny $6 million marketcap and annoying illiquidity, I don’t regret covering quickly…that much…cuz as I’ve shown on fellow microcap pump and dumpers PSTI, REED and SHZ, these suckers remain good shorts for many days. So, when I re-shorted EDEN mid-day yesterday on a slight low volume bounce up from $2 to $2.20, I had every confidence in … Continue reading
Category Archives: 101good
If At First You Short A Pump And Dump And Succeed, Try, Try Again!
April 22, 2008 at 7:02 pm by Timothy Sykes
When Timmayyy Is Dead Right: Manipulated Stocks Go Boom!
April 21, 2008 at 7:20 pm by Timothy Sykes
For the 3 most recently manipulated microcraps—CNOA (pumped by a CNBC “reporter” who mistook paid-for stock promotion for credible research, probly the result of majoring in theatre studies in college (seriously)), EDEN (agriculture product pumped by a TheStreet.com “journalist” who forgot to read the quarterly report mentioning they sold off that division!) and TIGR (I don’t wanna know the evil lurking behind that pump, possibly some SEC counter-intelligence subdivision trying to draw out fellow manipulators) I have been dead on. These are opportunities from which you can profit because I’m not talking about variables that indirectly affect stock prices (ie earnings, the economy)—no, these catalysts have a direct impact on the supply/demand of shares and consequently the stock price. Since … Continue reading
How To Short Sell A Media-Sponsored Pump & Dump
April 18, 2008 at 6:39 pm by Timothy Sykes
I went into today thinking I wouldn’t trade cuz they were no ideal setups. But when $23,000-in-revenue-joke-of-a-company-TheStreet.com-pump-and-dump (EDEN) became a big 2-day runner, my market inefficiency sense kicked in and I immediately reserved 1,000 shares to short, just in case it might show signs of reversal. By 11am, it was up 40% on the day in the $2.60 range, and while there were some big buy blocks just below at $2.55 and $2.50, the sellers were persistent. This is what I call “a wall of sellers” and when stocks are up big already on little to no news with fading volume, this wall signals the end of any runup, at least usually. Sure, sometimes the wall collapses and the stock … Continue reading
How To Short Sell A Media-Sponsored Pump & Dump
April 18, 2008 at 6:39 pm by Timothy Sykes
I went into today thinking I wouldn’t trade cuz they were no ideal setups. But when $23,000-in-revenue-joke-of-a-company-TheStreet.com-pump-and-dump (EDEN) became a big 2-day runner, my market inefficiency sense kicked in and I immediately reserved 1,000 shares to short, just in case it might show signs of reversal. By 11am, it was up 40% on the day in the $2.60 range, and while there were some big buy blocks just below at $2.55 and $2.50, the sellers were persistent. This is what I call “a wall of sellers” and when stocks are up big already on little to no news with fading volume, this wall signals the end of any runup, at least usually. Sure, sometimes the wall collapses and the stock … Continue reading
Hard To Borrow Stocks: Short Sell What You Can, Only When Key Prices Are Breached
April 9, 2008 at 7:44 pm by Timothy Sykes
All of a sudden there’s a ton of crap stocks looking perfect for PennyStocking: (AGEN), (COT), (PSTI), (GBRC.PK), (CNOA.OB) and (NCEN.OB). Why then did I choose only to short PSTI…because it was the only one with borrowable shares! As I posted towards the end of THIS post, PSTI’s pattern is the EXACT chart pattern that made me a millionaire by age 22 and it’s why TIM is up now 46% since November 2007. Can’t short more than 10,000-30,000 shares (this time around at least, liquidity willing you can sometimes get up to 100,000 shares), but ideal for smaller traders/investors in the $2k-$100k account size.
How To Predict 10% Daily Price Moves With Relative Ease: PennyStocking!
April 7, 2008 at 6:11 pm by Timothy Sykes
Some will argue that my top 3 weekend stocks to watch moving 10%+ in the direction I thought they would proves nothing. After all, maybe my blog is simply popular enough to help these patterns become a self-fulfilling prophecy. But when you throw in a decade of me making millions of dollars off these EXACT kinds of chart patterns, it’s hard not to believe that they are PREDICTABLE! Because they are shining examples of the plays on which my instructional DVD PennyStocking focuses. So just get it so I don’t have to explain/mention as often! That might’ve been rude…whatever, be cheap, sign up to my RSS feed and try to piece everything together. Enough blabbing, let’s talk shop: Top Weekend … Continue reading
How To Make 8% Returns Before Lunch
March 30, 2008 at 10:12 am by Timothy Sykes
As I noted on Thursday, REED is my ideal kind of play—morning spikes, then sideways action, fades or plunges. No different from other recent microcrap runners SHZ (best to short on the 3rd, 4th and 5th days), DARA (3rd-4th days) and VION (3rd-4th days). On Friday, I really nailed it—expecting a morning short squeeze (due to Thursday inability to fade/late strength)…awoke early to reserve shares, got all I asked for, 1,000 shares…liked the opening strength to the $4.75 range, but wanted more…damn big block sellers prevented the path to $5 (at which there’s big-time resistance)…volume wasn’t very impressive, so when a 3,000 share buy order bid at $4.75 (sellers were at $4.85, 87, 90, 93, 95, 99), I shorted into … Continue reading
36 Hours In The Life Of A Trading Addict
February 15, 2008 at 5:18 pm by Timothy Sykes
TIM $15,220, Up $485, An Ugly Way To Make An All-Time High 2/14: Get 2 hours of sleep from a late night of writing/researching potential plays, wake up at 7am for a 9am filming with CBS Sunday Morning. I’ll miss the morning trading session, but this is too big to pass up. Forget the 200k-ish people watching CNBC, this show boasts 5+ million weekly viewers!! They want to talk about neuroeconomics, aka the science behind making money and the addictiveness of profits/high I get when I make a teacher’s annual salary in a few hours. Sure, I said. Only problem was they want to film at my apartment and it’s being cleaned today due to the massive amount of soot … Continue reading
I Have The Dark Gift: Why I’m Better At Shorting Than Buying
February 13, 2008 at 7:05 pm by Timothy Sykes
TIM $14,735, Down $253 After posting some potential plays and declaring I’d play none of them because of all media/speaking (the stuff that actually helps pay the bills while TIM is soooo tiny…for now) I’ve got to do, two plays acted nicely, so I couldn’t help but jump in. First up, I shorted 1,000 shares of Spacehab (SPAB) at $2.10. I had looked to enter around $1.80, but wisely did not as it spiked above $2, squeezing several early short sellers. TIM Lesson: Never short into a stock just because you think it’ll go lower, wait for the price action to give you the best possible entry.
I Have The Dark Gift: Why I'm Better At Shorting Than Buying
February 13, 2008 at 7:05 pm by Timothy Sykes
TIM $14,735, Down $253 After posting some potential plays and declaring I’d play none of them because of all media/speaking (the stuff that actually helps pay the bills while TIM is soooo tiny…for now) I’ve got to do, two plays acted nicely, so I couldn’t help but jump in. First up, I shorted 1,000 shares of Spacehab (SPAB) at $2.10. I had looked to enter around $1.80, but wisely did not as it spiked above $2, squeezing several early short sellers. TIM Lesson: Never short into a stock just because you think it’ll go lower, wait for the price action to give you the best possible entry.
