Archive for the ‘Breakouts’ Category
More Evidence Of PennyStocking’s Popularity…
Perfect perfect PennyStocking short today on MITI, just short vertical charts like that when they first goes red, beware of fakeouts…7ish to 6.50, $7.50 to $6.50 if you were aggressive…I was on a train to Mt. Fuji…sucks…but that’s the risk you take when traveling. Good thing dozens of PennyStocking DVD students and TIMalert subscribers–I’m telling you, you learn the variables/setups, you won’t even need me eventually and that’s great cuz your profits–which you better brag about to everyone–are my best marketing tool…
No matter that there are thousands upon thousands of investors/traders on Covestor, this joke of an industry’s first transparent rankings platform, in THIS post I wrote about how PennyStockers have begun dominating the performance rankings on Covestor…now it’s time we look at how Pennystockers have begun to dominate the
How To Build A Successful Personal Brand On The Internet: 2 Podcast Interviews
Rule #1: dedication…I’m doing this post on a layover in the Toronto Airport!
Building a successful blog/internet brand ain’t easy. Nine months into this game, ‘m still workin’ 16-18 hour days…and lovin’ every second of it. Check out THIS awesome near-hourlong podcast interview I did with Mixergy.com, a site that interviews “web visionaries” as we discussed what’s worked (PennyStocking, TIMalerts), what hasn’t (TIMbucks, TIMaffiliates) and what you need to do to create your own successful personal brand, if you’re into that kind of thing. Mixergy’s founder Andrew Warner even did THIS snazzy video intro.
Finally Over The $25k Hump, Osama bin SEC Go F&^% Yourselves!

Finally! Last November, when I went back to my original $12,000 roots (see post HERE), many people thought/called me crazy…I wasn’t crazy, just determined to show everyone how it’s possible to make plenty of mistakes and yet–if you remained disciplined…or somewhat disciplined–still use small account size as an advantage to profit from all the manipulation and hype in this the gutter of the stock market.
Took me about 9.5 months to accomplish this rather unremarkable yet surprisingly difficult feat (last time I was this poor, there were no regulations preventing me from trading too much, which was a gift and a curse)–see all the trades upon trades upon trades it took me to get there by clicking HERE–and understand that in a free financial world, there’d be no regulatory difference between $2k, $20k, $25k or 250k, but in the real world, one that is subject to terrorism perpetrated by Osama bin SEC, this $25k mark means I can now do more than 3 day trades/week.
It’s Official, PennyStockers Are Taking Over Covestor
I bet the Covestor people are like WTF? Previously, I wrote about how there were 3 PennyStockers in the top 20 on Covestor (see blog post HERE), which taps into people’s brokerage accounts to verify all trades hence making ALL other fantasy leagues totally useless, but my latest checkup reveals the Pennystocking virus (click HERE to get your immunization) has spread so there’s now 4 of us in the top 7 when you
Why I Bought Turnaround Play Noble International, Ltd. (NOBL) at $5
Well, actually it was 1,500 shares at $5.01 and $5.02, solid close at $5.40, so I’m already up like $600…kinda funny that on the day I post (right HERE) that I will not be forced into unworthy trades a worthy trade pops up.
I’ll explain why I bought NOBL by the alert I sent TIMalert subscribers, many of whom bought in at $5.30, $5.05, $5.06, $5.10, $5.20s…:
yes, its up a lot, think 50%+ on the day, and its got a lot of bitter longterm shareholders, but against all odds–and incompetent ANALyst advice–they reported solid earnings…already $1 off its intraday high today due to it going up too quickly and the overall market being crappy, this is a massive company just tied down by massive debt…any time a debt play starts to look like it could turn around, shorts get scared–already shorts have been reduced from 1.1mil to 300k in the last month, probly now down to 100k after today…earnings turnaround plays can and often do have multi-day runs, so i’m looking for a retest of today’s highs in the low $6s…ideally with some morning spiking like it had today
LiveStock Tomorrow From 1-2PM EST & Guess Which Stock I Bought Today!
Get excited–tomorrow is another edition of the only real-time financial show in this joke of an industry, LiveStock, which you can watch HERE!

Ask me any questions you’d like answered below…
PS I’ll have a detailed post later tonight, but you might see some talk about people buying
Suck On This John Chow, My Blog Made $45,000 Last Month!
Awwww yeah, that’s right, not only am I gonna report my trading gains/losses (see July 2008 review HERE), now I’m also gonna detail my blog’s earnings each month.
Cuz as much as I like cutting through all the BS in finance/trading/penny stocks, there’s even more BS in “make money online” racket–I know cuz after running this blog for 9 months, I’ve seen lots of crazy shit, most of which hasn’t made me a dime.
Inspired by John Chow’s monthly blog income reports (see his $40,000 June HERE), below are the numbers for my blog last month–proving that my biz model is superior to most, especially considering Chow only made $40k even though he’s got 27x more RSS readers (help me out and signup for mine HERE!) and and about 3x as many visitors….if this post is popular enough, I’ll begin an entire new blog devoted to how to make money form blogging, maybe with a project to be titled “Transparent Blog Income” (TBI) or something to that effect…
These are the July results of a hardworking internet entrepreneur, think 16-20 hours days, including weekends…it’s all about how bad you want it, f$%^ the 4-hour work week you fat lazy American slobs, working hard, and honestly, is the path to righteousness and fulfillment:
Some More Signs Of PennyStocking Success aka All You Trading Frauds Are Going Down!
Sure, sure, lots of people on this site are posting they’re making money from PennyStocking, TIMalerts has like 20 winners in a row & testimonials galore from subscribers who are banking, but the real test of whether or not I’m succeeding in getting people learning and earning is a.) if they’re proving it on Covestor (which taps into people’s actual brokerage accounts to verify returns and (follow my trades and see my returns HERE, trust no blogger who ain’t on it, their words ain’t worth sh%^ as they’ll DEFINITELY beef up their returns to make themselves look/feel better) b.) they’re blogging about their trading because they understand it’s all about sharing their trading and theories openly (well, you’re reading my blog aren’t ya?).
Judging by Covestor’s leaderboard (click HERE to view), I’m encouraged to report that
Why I Bought The Only Stock That Aims To Monetize Social Networking
TIMalert subscribers know I bought 3,000 shares of IdeaEdge, Inc. (IDAE) at $2.25 and $2.28 Friday mid-day because as I said in the alert:
“this is a perfect breakout, chart is strong, social networking gift cards for launch this fall, whatever the hell that means, myspace parent company founder joined board..i’ve been telling promoters who call me to create a social networking pump, maybe this is it…unfortunately somewhat illiquid”
(seriously stock promoters have been calling me, pitching their ideas as longs…it’s funny as hell…keep ‘em comin’ guys!)
Well, now I’ve done a whole bunch of research—technical and fundamental—and I’m more confident that we’ll see a continued rise next week—odds were good in the first place as the stock has only had 3 down days in the past 2 months—ideally, following the same trend where stock price and volume gains are larger each day of the breakout.
After all, last time it showed this same kind of breakout pattern (late June), it went from $1.40 to $2.15 in 3 days, or a 50% rise…3 big white candlesticks in a row—Friday is only the first big white candle (plenty of room to grow volume too) and this time the breakout began at $2.15 so $3…maybe even $4 is not out of the question (last breakout it didn’t even correct much off its highs…meaning nobody’s worried/is selling aka everybody expects/is manipulating the stock to have a bigger rise)
My last perfect breakout buy was China North East Petroleum Hldng Ltd. (CNEH) (see article HERE) (same strong Friday afternoon action…up 20% on Monday and Tuesday…same 3 white candles before retracing) and now this company has a surprisingly many number of things going for it, albeit not fundamental related, more hype-related, which I prefer anyway:
-Their social networking card debuting this fall could really be huge—this is a $100 billion market (see the graph on their executive summary page) that hasn’t tapped social networking at all and their proprietary technology is all protected by intellectual property (they claim based on filings to have no competitors aka big media company will have to gobble them up if they want in) and considering they now have the equity funding to launch this potentially revolutionary product
a.) the time is ripe to monetize massive social networks like Myspace, Facebook as ads ain’t workin (Youtube only has $200mil in revenue…revenue, not profit!) (and think about getting offered to chip in for a gift right alongside every Evite…microfinancing/microblogging are all the rage these days so why not microgifting?)
b.) even if it flops, its easy-to-understand/eye-popping product and the anticipation of its launch should inspire plenty of investors to create a big/continued stock climb
c.) Their strong management/connections and PRs tease that they’re already talking to many big chains like Starbucks and Barnes & Noble (imagine being able to gift your friend the bookworm a B&N gift card or your cousin the coffee drinker a Starbucks card when you see their birthday pop up on your Facebook list of upcoming birthdays!)
-Strong management—CEO worked his way up at
Two TIMalerts: Why I Bought Energy Recovery, Inc. (ERII) & Tried Shorting New Century Energy Corp. (NCEY)
Here are today’s trades, and almost trades, told below by the unedited emails that went out to TIMalert subscribers today (and subscriber’ registrations will be activated tonight for the TIMalert subscribers only members website (TimAlerts.com) that will/should be fully functional tomorrow with the near real-time posting of any emailed alerts and commenting capabilities)
(every one else, don’t worry, TimothySykes.com will always remain free and open, think TheStreet.com & RealMoney.com-type model)
Today, basically NCEY was unborrowable to short (did anybody get in on that?) and ERII broke out as I was wanted/expected, up $2 or 20% from my alert, but it dipped a bit first and since I suck at/have no confidence buying stocks, I took a quick $150 loss…I’d do it again cuz you gotta remember with my account this small, I’m all about safety first…of course if the Pattern Day Trading Rule wasn’t in effect, I could easily have gotten in again when it broke the $11.30-$11.40 area…but no whining because look at these subscribers testimonials (you guys matter infinitely more than my own little account)!!
“I’m up 1200 so far on ERII. Great pick!” –bestdeception
“made 200 dollar on ERII :)” –marketgirl
“$500 profit on erii…tim alert. i’m up $1400 in my first 2 days of tim alerts” –Jonescade
“Tim, thanks for the ERII….made about $800, easily could have been $1200″ –Aaron
“Hurrrrraaayyyyy, I bought TIMAlerts yesterday for $29.95. I made $326 this morning on ERII” –Ron
“Made 250$ on ERII. Thanks to TimAlerts..Was tentative and opened 200 shares..still it worked!” –Seattle Guy
“I had only 500 shares, banked total $1035 from ERII (after comm. & fees).” –Ryan
10:15am:
i just bought 500 shares of cool water energy recent IPO ERII on the breakout at 11.29 (poor execution)…11 was previous high, 10ish was the low and its only been on the market for 3 days…over
Manipulation Monday: 12 Stocks That Sadly Aren’t As Corrupt Or Manipulated As I’d Like
Yeah, it’s sad, trust me, I know. Friggin promoters go into hiding in the Caribbean during true bear markets, hopefully we can tempt one or two out—maybe tell ‘em Osama bin SEC is taking the month of July off to reevaluate their priorities—cuz I hate writing/trading about the real—or mostly real—companies below:
Getting lots of emails over the weekend from people wondering whether they should dip their toes in FPP, PDO, ROYL…I dunno man, these things tanked once and rebounded gradually, but as I posted in THIS article over the weekend, their chart pattern reek of double tops…risky bet to buy on the dip, no gratzie, not for me.
MBRK is a classic case of a wannabe financial journalist pumping a stock up…detailed post coming, just reserve shares for possible short
Joey Chestnut Repeats As Hot Dog Eating Champ, Is A Great Role Model For You
There are times in life when you think you can do no more so you give up. Joey Chestnut does not know this feeling. He takes the impossible and stuffs it down as if it were just another hot dog. For a 2nd year in a row, Chestnut out-ate the former champ Takeru Kobayashi to win the 2008 Nathan’s Famous Fourth of July International Hotdog-Eating Contest in Coney Island, this time in a dramatic overtime victory after both eaters down 59 hot dogs in the regular 10-minute competition. Yes, fifty-nine hot dogs each.
I highlight this, just as I did HERE and HERE with Tiger Woods, because it’s these
Trust No One But Respect The Action: 3 Oil Breakouts & 4 Breakdowns
Ahh you gotta love it when new players enter and old ones retire—traders AND stocks. The key is being able to take what you can from each and then move onto the new hotness…
With that thinking, I loved CNEH—it was a weekend affair—but its proving itself to be too slow to continue to interest me (that’s right, I have commitment issues, I said it), CHQ and GST have been trying awfully hard, but their volume just plain sucks. Traders are fickle, we gotta have big moves and big volume…
So check out the 7 charts below, 3 of them are the new hot plays
How I Predicted a 15% Stock Spike, Screwed It Up A Bit & Made TIMalert Subscribers $10,000+
When I sent out a buy alert on CNEH to TIMalert subscribers at 3:30PM last Friday—after personally buying 1,500 shares at $4.60—I told everyone “I fully expect $5+” because as I wrote in THIS post over the weekend, it really was the most perfect setup, technically and fundamentally, I’ve seen this year. No matter that TMK labeled me a pumper (and then changed his blog post later once I was proven right, LOL kids…especially those who are too afraid to show their trades openly on Covestor…yeah I said it) and several people questioned whether the company was paying me for such a glowing review, I called it like I saw it (just like I always do) and as the stock gapped higher and spiked Monday morning all the way to $5.40ish before 11AM—that’s a 17% gain for you kids keeping track at home—I felt pride mixed in with some regret.
Why I Bought A Stock With The Most Perfect Setup—Technical & Fundamental—I’ve Seen So Far In 2008
As I alerted TIMalert subscribers with 30 minutes to go before the market close on Friday, I bought 1,500 shares of China North East Petroleum Hldng Ltd. (CNEH) at $4.60—mainly because it’s the single most perfect breakout chart pattern I’ve seen in a very long-time (was considering buying ShengdaTech, Inc. (SDTH) on its own meaningful breakout above $10, but that move was too quick for me.)
And that’s just the beginning of the story (I always do research ahead of time as this popped up on my watchlist two weeks ago)
I bought so early (usually wait til 5-10 minutes before the close if I’m buying for a next day move) because a.) it was breaking out to a new daily high (solid close, but wish it’d taken out $4.70) b.) since its an OTCBB play, executions are slower and c.) no matter what time frame you look at, it’s breaking out on all of them—10 day & 1 month (break above $4.50), 3 month (break above $4.69…close enough aka I’ll risk Monday buyers making this into a truly perfect breakout) and most importantly, 1 year/all-time, above its late 2007 highs of $4.55 (uhhhh can you say massive massive massive massive cup and handle pattern?)


UPDATES
TIMtrades
Learn from my successes, learn from my failures, learn from TIM. Click here to learn more.
| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Aug 18 | FOUR | $2.80 | $2.66 | $342 |
| Aug 14 | APII | $2.66 | $3.30 | $1261 |
| Aug 12 | APII | $3.25 | $3.40 | $285 |
| Aug 7 | NOBL | $5.02 | $5.49 | $680 |
| July 30 | USS | $2.54 | $2.69 | $205 |
| July 29 | USS | $4.05 | $4.61 | $823 |
Total: $25,376 (
104%)


















