Blog Archives:
Sykes Says: Some Suppressive SEC Short Selling Scrap Stocks Suckas!
Posted by Timothy Sykes on Thu 2nd of Oct, 2008 11:23:50 AM
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Not much for me to watch today considering spammers are all but out of business/effectiveness right now and the Sec just voted to extend the ban on short selling businesses run by incompetent people aka financials…I usually stay away from from financials anyway, but when there are absurd moves like TMA and BBX, my mouth waters and all I can do is spit right at Big Brother SEC himself. Here are today’s scraps:
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When To Short High Flying Stocks?
Posted by Timothy Sykes on Fri 26th of Sep, 2008 04:09:38 PM Sponsor Offer:
This is an important question that needs answering. See the comment below as a successful PennyStocking student answers for me:
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The Latest TIMalerts Winner, Subscriber Gains Are $50,000+, Today Is A Great Day!
Posted by Timothy Sykes on Thu 25th of Sep, 2008 03:22:45 PM Sponsor Offer:
Crazy day of trading, mainly cuz the main stocks I was watching SIL and QCOR, both hit the key points I was looking for so I took the appropriate action, shorting 2000 SIL at $2.98 when it took out support at $3 right near the market open (was gonna beat the crowd at $3.05, give TIMalert subscribers a head start, but Safari sucks and shuts down randomly, grrrrr)—as I alerted TIMalert members, I was trying to profit from a fully predictable morning panic (stop losses are a bitch when a stock is up 400% in a few days), after preparing them in the premarket watchlist I also sent them—and buying 1,000 shares of QCOR at $6.98 after it showed me it could convincingly breakout above $6.85ish area—the area at which I’ve been posting for several days was the true beakout point…
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The Latest Two TIMalerts: How To Predict 10% Price Moves With Relative Precision
Posted by Timothy Sykes on Wed 24th of Sep, 2008 08:29:54 PM Sponsor Offer:
As I wrote in THIS post, I made $1,500 today. And now I’m too tired to explain it all…after all, besides TIM surging to an all-time high above $28,000, it was a record day for PennyStocking DVDs, the brand new ShortStocking DVDs and of course new TIMalert subscribers, so I’m pooped.
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Is Thinkorswim Now Charging Fees On Hard-To-Borrow Stocks?
Posted by Timothy Sykes on Tue 23rd of Sep, 2008 05:12:26 PM Sponsor Offer:
A few readers have discovered the broker I love, use and recommend, Thinkorswim, is now charging fees on borrowing hard-to-borrow stocks. For a while I heard rumors of this, but like their decision to disallow shorting stocks under $3, I never gave it much thought cuz it turned out to be just talk.
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What To Do If The Terrorist SEC Cell Bans Short Selling Altogether?
Posted by Timothy Sykes on Mon 22nd of Sep, 2008 01:48:42 PM Sponsor Offer:
Sure, it could easily happen–when you have gross misunderstanding of how an industry works, easy irrelevant scapegoats and you give this kind of influence to such ignorance/incompetence, anything’s possible. Hell, Australia just banned it so why not the US. Throw another short on the barbie!
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9/19 Is The New 9/11: The Day The SEC Terrorists Tried To Bring Down America
Posted by Timothy Sykes on Fri 19th of Sep, 2008 12:57:18 PM Sponsor Offer:
UPDATE: Suck on this you SEC bastards, I just began pre-selling my brand new 6-hour ShortStocking Instructional DVD (learn more HERE) and it’s gonna teach everyone how to profit from short selling…legally.
Now that joke of an industry “bigtimers” like Cramer, Mish and Ritholtz are calling the SEC financial terrorists, see HERE, HERE and HERE, remember somebody beat them to it by several months…
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See The List of Financial Stocks You Cannot Short & Understand What This All Means…
Posted by Timothy Sykes on Fri 19th of Sep, 2008 10:54:26 AM Sponsor Offer:
This was sent out earlier today to TIMalert subscribers (I’ve updated it a bit since the SEC terrorism news came out):
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How To Profit From The Latest Ban On Short Selling aka How To Legally Profit From Should-Be Illegal Market Manipulation
Posted by Timothy Sykes on Thu 18th of Sep, 2008 05:59:31 PM Sponsor Offer:
The government has proven time and again that they’re going to scapegoat short sellers for the sins of others who used too much leverage/power for too long, THIS latest ridiculous investigation is no different.
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Scapegoating Short Sellers Is Typical Wall Street aka Louise Story & The SEC Promote Ignorance
Posted by Timothy Sykes on Wed 17th of Sep, 2008 01:49:49 PM Sponsor Offer:
When I read horrifically ill-researched articles like THIS one by just-out-of-college-should-have-stayed-and-learned-more-how-the-financial-markets-work-instead-of-relying-on-sources Louise Story, I get angry. No way should this dumb little girl be given a pulpit from which to preach.
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The Latest 20%+ TIMalert Winner, But As Usual I Wasn’t Greedy Enough, Must Go To Synagogue To Be Better Jew
Posted by Timothy Sykes on Tue 2nd of Sep, 2008 06:35:06 PM Sponsor Offer:
From the TIMalert right near the market open, TAYD dropped 21%, here’s the story of how it was entirely predictable and lots of TIMalert subscribers banked:
In THIS morning’s watchlist, when I said about Taylor Devices, Inc. (TAYD) “this thing is gonna tank, it’s my #1 potential short”
I knew I had to reserve shares early…7:40am. Done.
After I shorted 1,000 shares right near the market open at $8.13ish, I sent out this alert to TIMalert subscribers:
one of the simplest plays in a while, earthquake absorption equipment maker always goes up on natural disasters–people get excited about possible deals–hurricane gustav wasnt that bad, sadly–this thing should go back down…read my book An American Hedge Fund–and see I once made over $200,000 shorting this same stock after the Asian tsunami, not much has changed since then except i’m more conservative…goal is to cover under 7.50 in the next 1-2 days, not a huge profit cuz it wasn’t up enough
Unfortunately, since it was a morning dump, it tanked rather quickly to my target area of $7.50 and very few subscribers actually got in—luckily there a little bounce to the $7.70-$7.80 area, but that’s it.
Considering the stock was only up from the low $6s—and yes, even though it’s an earthquake, not hurricane play, its got a proven track record of spiking during natural disasters—as I detail in my book An American Hedge Fund. So, I took my profit and sent out this alert to TIMalert subscribers:
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The Latest Monster TIMalert Victory: Action Products International, Inc. (APII) Down 45% Since Alert To Short
Posted by timothysykes on Fri 15th of Aug, 2008 10:30:46 AM Sponsor Offer:
As I detailed in THIS post my reasoning for shorting APII, the odds caught up with them–them being an incompetent poorly run company, as evidenced by too many “earnings statements” & that nasty long-term stock chart–as they reported their latest shitty/bankruptcy-esque earnings.
Stock up 700% in 1 month + shitty earnings = inevitable bigtime tank
I knew entering my short ahead of earnings was risky, as I wrote in this TIMalert sent to subscribers when the stock was at $3.30:
yes the volume has faded, yes its finally red on the day, yes, it just took out the day low, but this is dangerous with earnings coming out tomorrow. i prefer to live dangerously. but that’s just me. no idea how long i’ll hold, could be 1 hour, 1 day, 1 week, i am aiming for a crack ofyesterday’s lows as that would make me feel very comfortable holding overnight, but we’ll see…the key is to judge these plays by price action, enter when you’re comfortable, exit when you’re not, always try to minimize losses.
…but that risk paid off
…which is the definition of a good trade: understanding one’s risk…Personally, I didn’t think it would collapse so quickly–most don’t, but my last 2 TIMalert shorts on USS and MKTY (see how they fared HERE) prove the current market environment loves punishing these turds–so when I covered into the morning panic at $2.66 for a $1,200 gain (5 minutes later stock was at $2.20ish…right now it’s sitting at $1.80…blehhhhh $1,500 profits left on the table) but I just wanted to get over $25k) pushing my tiny TIM account over the key–at least according to Osama bin SEC (see explanation HERE)–$25,000 threshold to $25,716, up 9% on the month, 107% since I started this quest back in November 2007. Which I do have to mention crushes ANY return of ANY newsletter writer/gruru/expert–percent-wise–especially considering all my trades are verified by Covestor, all trades are detailed HERE and I’ve made plenty of mistakes along the way aka haters got nothinnnnnnn!
PS Haters, learn to attack you’re opponent when he’s down, not when he’s just made his single greatest call to-date and has these ridiculously amazing TIMalert testimonials (see all the rest from previous alerts HERE) below to back him up and drown out the small losses–think average loss of $100–when he was too early with his short the first time around:
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Fun Times With A Stock Up 700% In 1 Month: Action Products International, Inc. (APII)
Posted by timothysykes on Wed 13th of Aug, 2008 05:32:50 PM Sponsor Offer:
Just cuz my latest trade/TIMalert proves my mastery of this pathetic little stock market niche, I’m gonna do this blog post in reverse chronological order…half to mess with you and half to expand your brains. I’m short 2,000 shares of APII overnight form $3.30, so I’m loving life right now…enjoy!
8/13:
5PM News comes out about APII’s latest acquisition, see PR HERE, basically for 500k restricted shares or approximately $1.5 million…I dunno how to interpret this, all I can think about is how this news makes APII’s 700% runup reek even more of manipulation–since the deal is definitely being pushed forward fast (close by end of August?!?!?) to take advantage of these inflated prices…and considering the stock has been dead for years–and is probly related to this acquisition somehow aka some “unrelated” third party gets the price up in order to dole out less shares to this new company they’re acquiring…color me cynical, I’ve seen it happen too many times.
4:30PM: Chart is so
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Who Do You Believe Is Right on Amedisys, Inc. (AMED)?
Posted by timothysykes on Wed 13th of Aug, 2008 04:19:55 PM Sponsor Offer:
Andrew Left of Citron Research is one of the few good guys in this joke of an industry–while I just like profiting from the boom/bust on frauds–Left actually does the nasty digging (he’s got waaay more enemies than I do!) to get to the bottom of all the corruption/manipulation/overvaluation. And, judging by his track record/following, he’s often dead on (he said short PDO in the $40s).
Yesterday, he wrote THIS crazy post about Amedisys filled with juicy enemy-creating tidbits like this:
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This Is A Message To My 1,200 Covestor Followers
Posted by Timothy Sykes on Mon 4th of Aug, 2008 12:28:38 PM Sponsor Offer:
First, thank you for following me on Covestor (those who don’t can do it HERE), Covestor is hugely important in bringing transparnecy to this industry filled with liars, cheats and frauds.
More importantly, looking at my performance data below, aka how you would’ve performed if you’d been following my strategy/picks/trades,
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A Wide Range Of Opinions On Short Selling, Yours Truly Included
Posted by timothysykes on Sat 2nd of Aug, 2008 05:00:16 PM Sponsor Offer:
By now, those of us who’ve learned to rake in solid gains through short selling and PennyStocking realize how easy it all is, but for the rest of the suckers out there these are still big bad mysterious strategies
Check out THIS new newspaper article that is just a basic summary of the risks and rewards involved with short selling and look at my quotes:
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My 2nd Consecutive TIMalert To Make 30% In 1 Day: Short Selling U.S. Shipping Partners L.P. (USS)
Posted by Timothy Sykes on Tue 29th of Jul, 2008 04:01:40 PM Sponsor Offer:
My latest TIMalert to short 1,500 shares of USS at $4.61 today, comes just one week after a similarly perfect 30% call on MKTY and is a perfect example of the themes I’ve been blogging about for several months:
-these piece of crap companies can spike based on pathetic speculation and collapse just as quickly due to all the bitter longterm shareholders being scared/abused for so long
-gotta reserve shares to short early–TIMalert subscribers get my daily watchlist, filled with all my potential shorts, at 8am by email and on the subscribers-only website (click HERE to see my perfect TIMalerts track record) so it’s no surprise your poor/cheap folk reading this free website couldn’t find shares…welcome to my biz model bitches!
-the reversals are extremely predictable–as I’ve telegraphed a potential short the past 2 days in my premarket watchlists and as you see in this TIMalert that I sent out, I pretty much nailed the price action an hour before it happened–this was sent out at 1:20PM EST to TIMalert subscribers:
Shorted 1500 USS at $4.61…as i wrote in my premarket watchlists the past 2 days, USS was on my watchlist for a potential short, given the stock has a solid longterm downtrend, recent sideways action and fading volume, i think bitter shareholders take this spike to reduce their positions and i know lots of other short sellers are watching this for a quick breakdown too…key breakodwn level today appears to be the 4.60 area as its held several times and considering its still solidly up on the day, i’m taking a chance here, especially since this company benefits from lower oil prices…but i’m willing to add on the way up if need be as this is only a 2/3rd position…not sure if its real but somebody posted on the message boards, the NYSe asked the company for info and they said no comment so there is risk of news coming out too….given this company’s failings, chances are news is negative…so thats the good and bad, lets see how this pattern plays out, risk is it surges past previous high of $5, but if it takes out $4, it’s got no support until the low $3s…i basically just wanna cover in the low $4s in the next 1-2 days
-the key is waiting for fading action after sideways action–stock held $4.60 all morning, perfect afternoon fade/collapse after it broke
-I suck at trading–I covered this at $4.05 for a solid, if not spectacular, 12% gain inside of an hour, now it’s at $3.25, which coulda woulda shoulda been a 30% gain–the latest reason why my 87% return in the past 9 months now on TIM truly is worst case scenario
-Screw 90% of traders losing money, these patterns are so easy, even the dumbest people in the world can make money (yours truly!). Learn the friggin patterns yourself in my PennyStocking DVD package
-You want testimonials, You want testimonials? You can’t handle all my testimonials! Every day/week brings in dozens of new ones, I’m now 18 for 18 on my TIMalerts, average gain of 20% inside of 1-2 days, how you like these apples you ignorant haters…and yes, this is all from TIMalerts, a $30/month service where more and more people keep signing up for the annual subscription (save 20% off the monthly, buy it HERE) cuz they’re making it many times over in 1 trade!
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Behold The Latest Perfect TIMalerts Short: Mechanical Technology Inc. (MKTY), Down 30% Since My Alert
Posted by timothysykes on Wed 23rd of Jul, 2008 02:48:57 PM Sponsor Offer:
Another day, another huge TIMalert victory—this time it was calling, profiting, blogging, predicting, you name it, MKTY is down 31% off its high on the day…$5.50 to $3.78…so far. I profited, TIMalert subscribers profited, and just about everyone else couldn’t find any shares to short—welcome to the TIMalert biz model. Good things come in low float packages and everyone wants to reserve shares to short…TIMalert subscribers get the email/post on the subscribers-only website at 8am, everyone else gets the info later, usually after all the shares have been reserved.
Here’s the story of a pump named MKTY as told by my alerts—this isn’t magic, it’s just how pump and dumps act…it’s about time people gave them the respect they deserve cuz they’re just so damn predictable!
Posted on TIMalert subscribers-only-website at 8am today:
MKTY is my #1 potential short today (already reserved 1,500 shares to short or the day), especially on any spike, I was early shorting yesterday, but played it safe and even managed to escape with a small gain…TIMalert subscribers know all about it as the subscriber-only website had over 100 comments yesterday (new record!)…also discussed in my blog post last night…this is a pure pump, but it’s only a $25 million company so it can go further than you think possible…yesterday was 2nd big up day, if this pattern holds true, the 3rd day is tough for it to finish up big, let alone up at all…of course the pattern h as mutations so maybe we’ll get a true Supernova here…at the very least, I’m hoping it can squeeze some early shorts past the the key $5 resistance
shorted MKTY at
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A Rare Timothy Sykes Public Appearance: Midtown Manhattan Microsoft Office, Tonight At 6:30PM
Posted by timothysykes on Wed 23rd of Jul, 2008 11:46:49 AM Sponsor Offer:
Yes, I know, I need to get out more, I’m starting to turn into an Arrington & nobody really seems to like him (not that I really give a sh%^ what people thin k about me). Anyway, tonight’s NYC Investor’s Business Daily Meetup is gonna make me do just that. You can see all the details HERE and if you wanna go, you gotta RSVP through that website cuz it’s gonna be sold out. This is the agenda:
NEW YORK IBD MEETUP GROUP
Wednesday, July 23, 2007
Meeting Location: Microsoft Office
1290 Avenue of the Americas (bet. 51st- 52nd Streets) - 6th Floor
6:30 PM: Gathering 1/2 hour for socializing, chatting, etc.
6:55 PM: Welcome & Announcements Ilona Ross
7:00- 9:00 Gil Morales
If you’re in the area, I suggest you attend the event with me, not because you’ll meet a lot of great people and investors with superior market knowledge–screw that, most people there are gonna be just as poor, confused and distrusting as you–but because the speaker, Gil Morales, from 7-9pm is impressive. He worked with/studied under/wrote a book on short selling (see the decent book HERE) with the man William ‘CANSLIM’ O’Neill and check out his official bio:
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Why I Just Shorted A Sleepy Company Called Zynex Inc. (ZYXI)
Posted by timothysykes on Mon 21st of Jul, 2008 02:25:23 PM Sponsor Offer:
So much for Thinkorswim disallowing the shorting of OTCBB stocks as I reserved 2,000 shares of ZYXI to short early this morning (latecomers got no shares as TIMalert subscribers grabbed the all borrowable shares…
Given that its chart was eerily similar to similarly crappy company UBHI, which dropped nicely off its highs, I tried shorting into the morning panic around $3.30, but discovered my Thinkorswim rep had mistakenly inputted 200 shares instead of 2,000 shares into my account so I had to login to their handy chat program and fix that mistake. Unfortunately, morning panics are quick so by the time we got that straightened out, the stock had tanked all the way to the $2.90 area…bastards…but manual ‘fat finger’ mistakes do happen, you just gotta accept it…
Luckily, there’s been a
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