Archive for the ‘Supernovas’ Category
How Grad Student Tony Ellis Made $6,500 Overnight & Is Now Up $85,000 In 7 Months!
Sure, it’s amazing that Tony Ellis turned $80k into $130k in 6 months, it’s amazing that his two worst trades weren’t even losses (he simply failed to take profits properly aka a good problem to have), it’s even more amazing that now he’s now given me PDF file that says his gains have now surpassed $85,000 (friggin’ awesome!), but what’s most amazing is his trading education and success is directly due to my instructional DVD PennyStocking Package (which comes with a 220-page instruction manual and an autographed copy of my book An American Hedge Fund). This ain’t no ad, it ain’t no scam, it’s proof positive my trading theories work.
This latest post is all Tony Ellis, who had the balls to buy a Supernova breakout (a chart pattern detailed at length on the DVD), even though it seems crazy and even I missed it (I was at a FOX interview…tough life!). And Tony wasn’t the only one….BJPN, himself another PennyStocking DVD student, also profited nicely, basically paying for the DVD in one trade—and judging by his $ profit, his account isn’t more than a few grand:
Bought pdo yesterday afterhours @37.5, sold half this morning @41.15 and the other half @41.89, at exactly 9:30:00 according to my trade log! Must have been a ton of buyers because I set to sell them all at limit price=41.05! $258 profit. I showed everyone at work my trade confirmation on my phone!
OK, enough promo/pride from me (c’mon, if your $300 DVD package was now responsible for hundreds of thousands of dollars in gains for others (remember Mike the machinist…I’m claiming responsibility for half his $300,000 gains!), wouldn’t you be a little proud too?), take it away Tony:
Why Speculative Commodity Plays Are Different Than Pump & Dumps
PennyStocking students understand that while the Supernova chart patterns on commodity plays like Pyramid Oil Company (PDO), Fieldpoint Petroleum Corporation (FPP), Royale Energy, Inc. (ROYL) and Mexco Energy Corporation (MXC) make them seem like they’ll just continue to collapse for weeks and months just like your typical pump and dumps like KENTUCKY USA ENERGY INC (KYUS), FORCE ENERGY CORP (FORC) and BIOSHAFT WTR TECHNOLOGY INC (BSHF), they don’t.
Because their prices are tied to something much more real than spam, something many people call “black gold”. And as you can see from the charts below, some are barely bouncing (PDO) and (FPP), while others are actually breaking out to new highs (ROYL).
Short Selling Hyped Up Oil Stocks: Fieldpoint Petroleum Corp. (FPP) Et Al
Over the past few days, I’ve had muchas problemas shorting all these hot energy stocks—mostly because I hadn’t taken my medicine lately—when really all I had to do was wait for them to go negative on the day. (late yesterday afternoon, I made my latest tiny-account-so-I-can’t-risk-any-pain-damn-that-really-sucks-for-my-strategy kind of a mistake, shorting 300 PDO at $26.38, since it took out support at $26.50, and while it quickly tanked to $25.50, I wanted more than 85 cents/share profit so I held and it squeezed shorts like me to $29 this morning—I’d already covered yesterday before the close at $27.50, another $300+ loss uhhhhhhh)
Today was that day. After managing to only gap a tad bit higher, MXC, FPP, PDO, ROYL and about a dozen other of these highfliers just got absolutely devastated. Normally Supernovas tank just a little at first, but an absolute and immediate wreckage like this—all these stocks are down 15-30% on the day—is very rare.
First to go was MXC—nobody could find any shares to short of that one today, but as I saw that falling, I wanted to get it on the action with my 300 shares of PDO that I’d reserved so I placed the order—or rather “Joe” of Thinkorswim entered the order at $29—the guy is the slowest of all Thinkorswim chat representatives (I’ve shoulda planned ahead)(Yah that’s right TOS had plenty of shares to short, all you cheap Jewish fools whining about not being able to short deserve your grief cuz you’re wanting to save $5/trade in commissions make you miss out on ideal shorts like this one!)
By the time slow Joe put the order in, the stock was already falling, so I quickly changed it to $28, then $27, each time missing the execution since it fell too quickly. 5 minutes later, it was at $22…Thanks a lot Joe! (really my fault) My sweet Lord, this was friggin CNEX all over again—I was in that one the day before the big fall too!
The Dangers Of Shorting Hot Oil Stocks With Absurd SEC Rules, A Lack Of Discipline & A Tiny Account
That title is just about the worst combo there is and yet I went full steam ahead, shorting 1,000 FPP five minutes after the market open into a spike I thought to be ill-fated. Nearly right away when I was down 20 cents on my position, I knew I’d screwed up. Despite my warning everyone about the dangers of shorting these rocketships before they go red and the fact that I made the exact same mistake just two days ago, I even refused to take a $150 profit, instead wanting more, almost inevitably getting squeezed for a $600 loss.
I guess it’s true what they say, you can’t t each a greedy Jew new tricks.
I explained my rational for breaking the very rulesI created to protect myself the other day—not that its much of an excuse—and today was no different, except FPP was double the price and I got squeezed for double, 50 cent/share as opposed to 25, too. Fitting, right? Again, I was right about the morning pullback after the spike, it just happened $1 higher than my entry!
17 Hot Energy Stocks aka Soon To Be Great Short Selling Plays
PennyStocking DVD students understand worthy trading opportunities only come about every so often—all the normal daily stuff is just too random/unpredictable—so by focusing on these few truly predictable situations, your profitability increases exponentially. If you can keep a cool head when everyone else is going crazy around you, this game gets much easier…that’s right, you 90% of trader losers out there, now is the time to try to recoup your horrific losses! (I’m talking to you, you sad little ETers)
I’ve been posting about PDO, MXC and FPP the past few days—even taking quick losses totaling $400 shorting FPP and MXC too early (wisely as it turned out, as those losses would now be pushing $5,000!! Uhh yeah $5k in gains from the long side, if I had any talent whatsoever doing that, which I don’t)—but only after we’ve gotten 3 strong up days are they prime for potentially predictable reversals, the extent of which we’ll have to wait and see…by now you guys should know the signs fo what to look for.
Since we’ll surely be missing them when they’re gone soon, I gotta link to every other site that’s featuring them HERE, HERE and HERE.
MXC ($10 to $43 vertical action, but its got some fluffy news)
The Daily PennyStocking Roundups Begin Now!
Based on my book/DVD sales, email list and website subscribers, there’s now a few thousand of you out there who are playing these trashy low priced stocks based on my PennyStocking strategies, which obviously makes me Naismith-like proud. Don’t get me wrong, I didn’t invent making $ from buying and shorting these corrupt companies, I’m just gonna be the one to popularize it! Especially short selling these suckers!
Since there’s sooo many different players trading sooo many hot stocks now, I thought we’d have a daily roundup post like this that will benefit us all. Forget about just my trades/lessons and gains/losses, I want you guys to share your daily moves too! If we all share our thoughts/trades openly, everyone benefits and can better be able to adapt to the current environment/evolving patterns. 90% of traders lose $, so if we can reduce that number here to say 20-30%, we’re not only profiting, we’re doing something helpful/meaningful. (These kinds of posts are just the beginning)
So, this morning–no matter that I’ve repeatedly stated it’s wrong to short into a morning spike cuz they always go further than anyone expects–I broke my own rules and shorted, current Supernova-forming FPP. Even though it was a commodity play–which I hate–and an earnings play–which I also hate, emotion got the best of me as I shorted 1,500 shares at $3.92, expecting the wall of sellers at $4 to hold and for me to scalp my way to $300-ish profits rather quickly.
From the get go, FPP didn’t cooperate, holding steady near its highs, within 5 minutes taking out the 15k sellers at $4 and surging straight to $4.25….as this was happening, all its fellow oil and gas plays like PDO and MXC were making ridiculous runs, so FPP seemed the cheap way to get in on that momentum–aka the upside appeared bright.
Manipulation Monday: 12 Stocks That I Wish Were More Greatly Manipulated :(
Should I have stayed short KYUS over the weekend? I left because there might be trouble (weekend mailers?), but if I stayed it would be double (me a part of the potential short squeeze)…nah good decision to take profits…got my shares reserved to get back in today if it starts fadin’…lately spam stocks haven’t been collapsing like they should and I don’t have the capital to stick around…no I don’t, I’m just a no-class beat down fool and I will always be that way, I might as well enjoy my small gains and teach you readers to play!
UPDATE: Damn I know these shady companies right, fearful of a large drop in price, they had a fluffy PR pre-market this morning, seriously, this game is that corrupt
XRM and ENT have both spiked quickly, but both had solid earnings reports so don’t be so quick to short them as they’ll probly only fade, not collapse like those that spike due to hype and paid-for promotion…and in the meantime they’ll squeeze naïve short sellers who don’t know the difference…oh yes not all chart patterns are not created equally, welcome to why PennyStocking is different from all other market niches, it’s corruption baby, when there’s no corruption, there’s less reversibility
CPSL had a bigtime earnings spike, with volume of 20mil shares…last time this happened was last September when it spiked from $4 to $12…those with balls bough late Friday for probable Monday morning gap, let’s see how far this one goes, remember patterns evolve and other than one quick dip last spike, it stayed up in the clouds for over a month…
MMGW is an illiquid sucker that after some nice low volume/hard to take advantage of for big profits from the short side consolidation is right back to its old highs…can it breakout?
The Pump And Dump Blues: Nothing Compares 2 U, In Loving Memory Of Cannon Exploration Inc (CNEX)
I’m sorry to have to announce the passing of Cannon Exploration Inc. (CNEX), a beautiful and vivacious pump and dump, who at the height of her popularity, was taken from us prematurely, like so many of our brave soldiers around the world
Beautiful CNEX, I know that living with you was sometimes hard, but I composed this wholly original song and even made a music video (even though the singer got the words wrong) in your honor.
It’s been seven hours and five dollars
Since you took your pump away
I research every hour and wait all day
Since you took your pump away
Since you been gone I can write about whatever I want
I can trade any stock I choose
I can look for stocks that are breaking out
But nothing
I said nothing can take away these pump and dump blues
`Cause no pump compares
No pump compares to you
How I Screwed Up Shorting Cannon Exploration Inc (CNEX), Down 40% Today, While My Readers Are Making Tens Of Thousands
Where do I even begin on this one. Like my previous near-perfect call on fellow joke of a company pump and dump VRML, my readers made much more $ than I did. In fact, I lost a bundle shorting CNEX the other day at $6, admittedly too early/forced to due to the circumstances, covering at $7.20 yesterday, not wanting to risk a big-time gap higher/possible short squeeze today. Fortunately for me, there were shares available to short this morning so I reserved 500 and as I posted HERE, I planned on watching this one all day, shorting only when the pattern was to my liking.
After a slight gap higher, the buyers were drowned by sellers—we’re talking 10k volume here folks, nothing major—so I quickly placed an order to short sell with a limit of $7 when the price was $7.25 x $7.30…3 minutes later the priced had cracked big-time below my limit and it appeared I hadn’t gotten my execution. Damnit! Having been in this spot many times before, I knew it’s tough shorting into probable morning dumps so I lowered my limit to $6.50…nope, still no execution…20 seconds later and the stock was testing $6.
9 Stocks On Fire: So Many Plays That Are Surprisingly Borrowable To Short!
Plenty of stocks in play and surprisingly plenty of borrows today too! Only thing stopping me from reserving shares in every stock I want is my damn limited buying power! So, after being very selective, I’ve reserved 500 shares of CNEX, 2000 of FPP. Also got UQM and SSBX shares but I can’t have my orders working cuz of my tiny account. Wow, I’m down here at $18k voluntarily, I can always unleash $500,000 or so amongst all these stocks, but you guys, damn, how do you live? I mean seriously, how do you live?
Basically I’m still watching everything from yesterday’s watchlist and a few more/some updated below:
QTWW could/should breakout hardcore, but given that we’re talking maybe 20-25 cents of upside here, I can’t waste any precious trades/buying power on it…sucks!
Those of you looking to short PDO and MXC so quickly are just idiots. These things have broken out nicely and are squeezing the shorts and since their connected to oil prices, there’s no telling how high they’ll go. Remember how I said I don’t like commodity plays, that they’re not your typical pump and dumps? Again, I haven’t been in the game for this long and not learned a thing or two.
How I Broke My Rules And Lost Short Selling A Fraud, Cannon Exploration Inc (CNEX)
Just about everyone and their mother understands Cannon Exploration Inc (CNEX) is a an outright fraud. Whether you look at PinkSheets.com displaying a skull and cross bones with the tagline “Caveat Emptor” next to its stock quote, its now $470 million marketcap (at $7.25 stock price), the blatant pumping by all the usual suspects and the fact that this company has no business of any kind and has now septupled (7x) in price in 5 days all due to a fluffy PR announcing a new website and a sketchy letter of intent to acquire a seemingly real business, no doubt in exchange for pumped up shares.
Knowing all that, you might understand why I shorted 600 shares yesterday at $6/share half expecting it to go higher—with the goal of averaging my cost basis up too—but never excluding the possibility of a quick $1-2 drop in price.
That’s all well and good, but as a PennyStocker, I have no excuse and my $760 loss (I just covered at $7.20), including commissions, is well deserved. Because while this company is scummier than most, it’s just the latest pump and dump that can—and often do—run further than anyone thinks possible so I still should’ve played by the rules I myself created! Rule #1, don’t short randomly strong penny stocks, you gotta wait for the price action to concur with your thesis. Usually it’s best to short into the market close of the first down day of a big runup, but sometimes that’s too late, so shorting in the afternoon when this kind of a stock goes from positive to negative often opens the door to a big afternoon dump.
10 Stocks In Play: Where Do You Fit Into The PennyStocking Spectrum?
Remember: just cuz I suck at buying breakouts—patience and actually being around to buy-wise—doesn’t mean you’re gonna suck at it too. It’s much much much easier to buy these suckers on the way up than is it to short sell cuz it’s more fun to party than it is to inform everyone that the bar is closing and that the strippers all have STDs….that’s basically what it’s like to short these dirty scummy stocks. Below you see a wide range of PennyStocking patterns from which you could and should profit…really just gotta get grounded in my DVD course so you can understand all the variables at work so you can adapt to all the evolving patterns…obviously.
LGDI
VRML
Plummeted bigtime/nicely…despite my $1,000+ in gains between LGDI and VRML, holding one week longer coulda woulda shoulda been an extra $3,000 in profits at yesterday’s closing prices! Are you beginning to understand that as long as you short these turds just as their absurd Supernova buying firestorms appear to fade, even just a little bit, there’s a whole lot of $ to be made? (and despite my 56% return over the past 6 months, anybody who has a decent grounding in PennyStocking could should would be up 100%+ (See TIM results and Supernova slide above to better understand)
NNVC
PSTI
Already began to fade…missed NNVC, thanks a lot Chuckieeeeeeeeee, PSTI so gradual, anybody find any shares to short?
Contest Time: No More BS Guessing Games, This Is PennyStocking!
The popularity of last week’s entertaining but inevitably useless contest got me thinking–I wondered how many people would enter a contest where they might learn something, meaning they’d actually have to do a little work? So, I give you NT Holding Corp (NTHH.OB), a sketchy sketchy sketchy stock that decupled (10x) in price last week on some surprisingly not-so-insignificant trading volume.
What caused this staggering price surge and do you think it will continue? I’ve done my research, but let’s see what you guys got–whoever posts the most in depth research–as judged by me–wins a copy of that soon-to-be-called classic book you should all have read by now! Deadline for entry is Monday morning 8am, winner will be announced at 8:30am. Let’s see if you’ve got what it takes to be a PennyStocker!
Feel Good Friday: Nailing A Perfect Short Sale On Vermillion, Inc. (VRML)
Was I bitter that a stupid mistake cost me between $750 and $1,000 in missed profits the first time VRML squeezed the shorts (as I posted helping other, not knowing I was already short!)? You bet I was! Was I going to let it influence my future trades on that stock or any other? Hell no!
So, after surging pretty much straight from $1 to $5, back down to $3 and then squeezing a few over confident shorts to $4 in a few days all on an ill-researched media story, on Wednesday, I posted how I shorted 1,300 VRML (all I could find) at $3.75, a little too early, but I was confident since I knew this thing would be volatile and shorts would be aggressive.
A few hours into my short, when it was a typical 25 cent profit (as you know I take too many of those) in the $3.50 range, I posted how I was gonna have patience on this one and cover under $3 cuz it was one of the few truly ideal PennyStocking Supernovas to pop its trashy head up in the past few months, even if as I also noted that this was the 3rd great shortable penny stock action in as many days (LGDI which I made $350 on and VRML round one, where I screwed up and lost $180, even while calling it perfectly for readers!)
Is Dennis Gartman A Classy Pump And Dumper? You Be The Judge
Let’s see what you guys think: after I labeled him a “classy pump and dumper” in THIS post, Dennis Gartman, the man himself, was kind/brave/classy enough to post this comment under that post:
Tim,
I take rather strong exception to your comment referring to me as a “Pump and Dumper.” That is simply not true. I know of no one in the industry who puts forth his positions in the funds managed or the personal trading accounts run that are as transparent and as clear as are mine.
Rather than “pump and dump” COIN last time, I bought it and ended up losing a goodly sum of money… Indeed, that was the largest loss I’ve had this year, although I remain up 7% for the year-to-date, and was up a bit more than 22% last year, and nearly that same amount the year before that, and the year before that. Oh, and the fund I manage in Canada is up 29% from its inception last April, so clearly I have some modest abilities in the arena of investing/trading.
At any rate, I have indeed bought back into COIN; the company intrigues me. My position is small, and as is always the case, I’ll add more when my initial positions proves profitable and has been insulated from what I perceive to be random market noise.
Warm regards,
Dennis Gartman
Dennis, thanks for your reply, I never meant to offend you—it’s nothing personal, it’s just business—tracking pump and dumps is my business. When Barrons publishes a list of your stock picks and COIN a.) is the only microcrap listed, b.) the company not only has a shady past, but is directly connected/managed by people with shady pasts and c.) you admit to selling into strength just a few days after that article, strength that was directly caused by your article, something ain’t right.
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 23 | MKTY | $4.73 | $5.40 | $187 |
| July 22 | MKTY | $4.10 | $4.28 | $240 |
| July 21 | ZYXI | $3.03 | $3.18 | $130 |
| July 15 | MNLU | $6.37 | $6.73 | $340 |
| July 11 | IDAE | $2.27 | $2.49 | $630 |
| July 8 | ERII | $11.29 | $11.00 | $162 |
| July 3 | TGC | $2.14 | $2.39 | $471 |
| July 2 | HYGS | $2.15 | $2.29 | $260 |
| July 2 | TGC | $3.44 | $3.49 | $80 |
Total: $22,457 (
81%)
