Posts Tagged ‘Good Trades’
Behold The Latest Perfect TIMalerts Short: Mechanical Technology Inc. (MKTY), Down 30% Since My Alert
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
4 TIMalerts, 4 Base Hits, If Not Home Runs aka Safe Small Profits Pay the Bills
Sometimes there are just tooo many trades, too many blog posts, for me to keep up with in real-time…so here are my last 4 trades, all of which were safe and successful, as told through the unedited TIMalerts along with some testimonials from happy TIMalert subscribers
PS I’m now up 10% on the month, 80% since November 2007 and if any of you lil bitches don’t believe me, you can see ALL my detailed trades HERE all verified by Covestor, which taps into my brokerage account—so you can follow me on there too (click HERE)
July 11th bought 3,000 IdeaEdge, Inc. (IDAE) at an average of $2.27ish
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
July 12th still holding 3,000 shares of IDAE long, see my detailed research here
Hope everyone’s having a good weekend, I’m still holding 3,000 shares of IDAE and judging by the strong close on Friday, I’m expecting big things–think $2.50-$3, maybe even $4 (outside shot) on Monday, Tuesday and maybe even Wednesday next week (these things like to run 3-4 days when they breakout so perfectly–last time it ran from $1.40 to $2.15 in 3 days)…obviously, you still need to be careful since its a sketchy OTCBB stock, but see my full post on it HERE
July 14th: Sold all IDAE at 2.49, 10% profit
i patiently patiently patiently waited 15 minutes (seriously felt like an eternity for me), really didnt want to flip it so fast, but a.) gap ups make me uncomfortable (reversals happen), b.) there are a lot of sellers and c.) i know many of u have similar levels of impatience so i cant risk it tanking…actually one of my larger gains at 10% in 1 day, or $630 after commissions…good pick, probable continuation, but i’m just steadily working my way to $25k so i cant hold stocks longterm….now at $21,560….up 6% on the month, 74% since november 2007…if and when u guys sell, please post your dollar gains on my site so i can highlight them!
End Result: Stock kept going up to $2.80 over the next 2 days…a 22% gain from my alert….some TIMalert testimonials:
Thanks TIM for the quick $600 on IDAE!
-Kevin
Tim, you are the best
i bought idae in the worst time yesterday…sold in a bad timing today
still made $540 from 6,000 shares
been in peter leeds.com, been in portfolio crafter, made a little money from their picks
but not close to what i make from tim alerts!
thank you
-Gil
$210 gain on IDAE long in my IRA account
-Barrett
Thanks to Tim & TIMAlerts, I made $500+ on IDAE this week alone not to mention some smaller gains on other TIMAlerts.
-Brickhouse
Tim . . got out of IDAE. . . made $247 profit. .. thanks for the pick!
-Deuce
I made about $220 on IDAE after fees and commissions… I’ll take it any day.
-Oracle of NYC
I just sold my 5K shares at 2.44 and 2.45…Tim, for your records I pulled in $777 before commission
-PCola
Another PennyStocking Success Story: Davey, A 21-Year-Old College Student
Adding to the success of PennyStocking practitioners, grad student Tony Ellis (up $85,000+ now in 8 months) and Mike the Machinist (up over $410,000 now) comes the story of Davey, a 21 year-old student whose made $6,000+ within a few months using the strategies detailed in my PennyStocking DVD Package.
Granted $6,000 in profits over a few months is not as remarkable as those other guys, but who out there wouldn’t want an extra few thousand dollars? Especially those of you still in college. Especially those of you with small trading accounts…and remember, my DVD is only $300 so it’s paid for by one good trade!
TIM 2nd Quarter Review: I Suck But Most Everyone Else In This Joke Of An Industry Sucks Worse
After only a decent April (see monthly review HERE) and a heartbreaking (wasted opportunities galore) May (see monthly review HERE), my 14% June return (see monthly overview HERE) basically made my 16.6% quarter, my trading account surging from just over $17k to just over $20k, allowing me to continue to rip on this joke of an industry since even with all my mistakes I’m still doing better than 99% of the people out there, most of whom perform slightly worse than the major indexes (90% of traders lose $, 70% of fund managers fail to beat the S&P 500 cuz they’re schmucks!):
Below are all my trades and best/most important posts from the quarter that was:
TIM June Monthly Review: It’s Satisfying To Earn 14% When Most Others Lose
June was a tremendous month for me, my site and my strategy all took off just as others collapsed. Of course, just as all the longs look like geniuses in bull markets so do short sellers in bear markets and my trading/teaching was far from perfect, but the key is we’re all earning and learning…
To the numbers…
My Thinkorswim account increased from $17,807 to $20,272, a gain of $2,465, or 13.84%. Plenty of mistakes (click blog posts on the table below to see), but nice domination of Covestor (see rankings HERE) and the major indexes:
Site traffic continued its strong growth, especially monthly visitors which increased from May’s 104,000 to 150,000!
Three Small Profitable Trades For TIM; Three Giant Gains For TIMalert-kind
Yup, posted about another couple of trades rather perfectly, even while I personally screwed them up a bit…this has gotta be some kind of record, what is it 10 years of this crap now? Welcome to my life brothas!
Wednesday: After a morning runup, I saw HYGS fading a bit—price and volume-wise, so I pulled up my Thinkorswim live chat to enter in my order (reserved shares in the morning, but just put a note on my account) and guess what I saw, I had shorted 2,000 TGC at $3.49 (thinking it’d never get up that high, I was too lazy to put a note on my account/have to get the chat window open again, the sequel to my original VRML mistake) and now that stock was at $3.75….friggin moron!?!?!?! Wasn’t a bad short in the overall scheme of its chart so I told TIMalert subscribers I’d hold onto it and see how it’d perform, even if it was an accidental trade. Also told em, I was watching HYGS for a possible fade since at $2.30ish, it was only up 5 cents on the day and sellers were looking more determined (forming a wall of sellers with fading buy volume)…
A few seconds later and HYGS has broken $2.30 so I put in the order to short 2,000 with a limit of $2.27…got $2.29, whewww….emailed TIMalert peeps (members-only website coming next week so you never miss anything) by saying “i think if it takes out 2.28-2.25ish, it can go under $2”…just as that was breaking down a bit, TGC pulled back too so I decided to play it safe, covering at $3.44, a 5 cent/share gain, but basically getting me out of a trade I never meant to be in.
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.
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:
Guest Post: TMK Banks From Buying A Sub-Penny Pump
There are really only a few blogs dedicated to PennyStocking-type plays that I regularly read, GOTS, SuperTrades, Nostradamus, TMK and The IL. Two days ago, we all–except UFGemini–missed getting in on the tremendous runup in sub-penny Quest Minerals & Mining Corp. (QMNM), but yesterday TMK nailed it on a wannabe copycat play, Heartland Oil and Gas Corp. (HTOG).
Below is his post, slightly edited/commented on by me, correcting tickers, spelling and such, it’s a pretty good overview…just one thing: TMK, verify your trades by signing up for Covestor already (unverified trades are worthless, everyone in this scummy industry is guilty until proven innocent):
June 24th Review
$43,378, Up $7,425 on the day.
Positions traded for a gain: HTOG ($8,275)
Positions traded for a loss: DSL ($700)
Open positions: Nothing, planning on taking a break from trading for a little bit.
3 Successful Safe Trades: A Breakout Buy, Ambitious Short & A Live Trade On Video!
My last 3 trades have been a testament to my philosophy that traders with small accounts should trade scared—traded as if you were a cracked out broker doing lines off your mistress in the downtown Goldman Sachs building when you hear a knock at the door accompanied by a voice that says “Police, open up!” Because that way you never overstay your welcome in a trade. Yes, you’re probly gonna exit early, but exiting early is safe aka infinitely better than risking exiting late.
First up, as I detailed in THIS post, there were several low priced oil stocks breaking out that I was thinking of buying, my top two choices being Tengasco, Inc. (TGC) and Samson Oil & Gas Limited (ADR) (SSN) as they were the lowest priced… SSN was just a spiker, not a true breakout (so even though it eventually fell the hardest, it was actually a great buy, think $4 to $6, or 50% overnight…ah hindsight), so I went with TGC, buying 3,000 shares at $1.69 (on an intraday dip around 2pm even as other oils were breaking out strongly) and when it broke the day high of $1.75 less than an hour later, I got pretty excited as to how high it could go since there was no resistance anywhere…
But taking trading scared to the next level, I sold out at $1.78 for a $250ish gain, not because the breakout was failing (on the contrary, ‘twas perfect) but cuz there were lots of big sellers orders all around just above…I am a wussie…as the stock was only up 20% on a perfect breakout…closing nicely higher at $1.85…opening strongly in the $1.90s on its way to $2.09, a nice 23% one day move for TIMalert subscribers and I rejoiced at several emails I got from those who also got in anywhere from $1.70 to $1.75 and exited better than me (as you should know by now is not hard to do) in the $2 range! (although PennyStocking student Tony Ellis discovered what it’s like to be last on the exit in THIS post…still profited aka why PennyStocking is gorgeous)
May 2008 Review: The Only Real Mistake Is The One From Which We Learn Nothing
May was an interesting month and no matter the multitude of mistakes, I gotta say it was an outright success. Sure, thanks to me focusing too much on building this new site, not being disciplined enough in avoiding commodity plays or more importantly, waiting until they showed some–any–weakness to short, not being able to take enough pain before the damn busted (CNEX!!!!) or getting a short trade executed accidentally when I told everyone else to stay away (VRML!!!!)—yes made just about every mistake in the book, wasting away precious opportunities as if I was Britney Spears—TIM finished down just over 2% at $17,807…. Boo freaken hoo—now with less projects, albeit slightly, less sleep, sucks, I’m up already up 5% after 3 good trades this month!
Definitely more importantly Pennystocking students like Jeff Moates and Tony Ellis, are really banking, think $10,000+/month, no joke, aka doing much better than me—as I predicted throughout my instructional DVD…“you can do better than me”—and that’s certainly the reason why my website traffic is breaking out gradually…not a pattern to short like it was back HERE
In summary, yes, I screwed up a lot, so what, I masterfully controlled my losses, you guys learned from it, I learned from it, now we’re all better at trading, we can l augh at the 90% of traders who don’t know what the F#$! they’re doing, falling prey to “gurus” who cost thousands of dollars but fail miserably at enriching anybody but themselves and thus who should be taunted/ripped apart regularly and sternly, we understand the risks better, our profits are getting bigger the world is a better place. Welcome to my mission, enjoy!
Good Trades
Finally shorting into panic, gooooood Timmayyyy
My Latest Successful Scalp Trade: PokerTek Inc (PTEK)
Shorting a spike like PTEK may sound simple—stock up big on hype and fluff news, me think it go down, me short—but outside of snakeoil world, there’s a few more real world variables to consider. Of course, when I shorted 1,000 shares into a spike at $5.60 (already off its highs though, reducing my risk of further spikage) this morning, I thought it would go down—there was a wall of sellers behind me, buying volume had diminished and if it could take out morning support at $5.40, it could really tank and perhaps go negative on the day cracking $5.15 and then it’d be tough to get much past $4.80-$5 considering that was yesterday’s support.
Buuut it was still green on the day, it was a morning short going for a quick reversal so it wasn’t ideal, and there were big block buyers. Oh yeah and there was that little thing where I have about a dozen writing assignments due in the next 2-3 days—blog posts, AOL & Yahoo articles and LiveStock scripts—so I wouldn’t be able to watch this all day like I typically do.
How To Short Sell Penny Stocks Safely: Three Quality Short Trades
Judging by the posts, we’re all making money lately. Good, I don’t know of any other site with such high percentage of people profiting…especially when none of us are very smart or experienced. I think it’s cuz my impatience has taught you guys to take your profits or losses quickly cuz you’re trading the most volatile stocks around. Yes, you should let your winners run, but that’s not as important as knowing you should never ever let your losers run, no matter what your meaningless little mind thinks. (If I don’t cut your egos down to size, the market will, which do you prefer?)
First up, I shorted 500 NTI into the market close of its first truly down day on Monday. Volume had faded, Superman’s posts on TheLion.com stopped being responded to as often—basically the hype was dying down so my $13.70 entry point looked ideal. Pre-market Tuesday brought the usual 100 share painting-the-tape games, up $2, down $1, all meaningless. When the stock opened, it was down 20-50 cents, the range being the ridiculous price spread on such an illiquid stock. I wanted it to crack $13 or at least get close so I put in my order to buy at $13.01, which woulda been a $350 profit…never got there, not even close. A massive (sarcastic) buying wave of 3,000 shares took it up to the $14.50-$15 range and I thought about covering for a big loss…but I waited—it was just 1-2 orders! Volume faded and the stock gradually dropped, when a big sell order came in, I decided to get out and not risk another massive (sarcastic) buying wave to squeeze me for $1/share…no, I covered at $13.77, for a $50 loss. Good loss. No, it was a great loss. The rest of the day volume continued to be anemic, as it was today, very few orders executed below my price, now it’s just consolidating, could go either way…great, great loss cutting.
Lesson: If a big gain does not seem likely, don’t worry about being up or down a few cents, just get out—you don’t want to risk a big loss when the reward ain’t there.
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!
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!)
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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%)
