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
Tag Archives: Impatience
When Timmayyy Is Dead Right: Manipulated Stocks Go Boom!
April 21, 2008 at 7:20 pm by Timothy Sykes
Minimizing Trading Losses: Two Overnight Trades That Didn't Go So Well
April 19, 2008 at 9:46 am by Timothy Sykes
From a few days ago, just hadn’t gotten around to writing about it…as I mentioned HERE, I shorted 2,000 (KOG) at $2.75 near the market close when it cracked sideways price action so I thought it’d go negative on the day—I was right that it did go red, but I didn’t take my 10 cents/share gains cuz I wanted a big drop—not a pesky $180 profit. Unfortunately, I had a flight to catch the next morning… Took a later flight to watch the market open—wasn’t comfortable at all since it opened above the sideways price action crack of $2.80, covered at $2.82, a $160 loss including commissions. Screw that, played I safe…I can take $160 losses all day long. Later … Continue reading
Minimizing Trading Losses: Two Overnight Trades That Didn’t Go So Well
April 19, 2008 at 9:46 am by Timothy Sykes
From a few days ago, just hadn’t gotten around to writing about it…as I mentioned HERE, I shorted 2,000 (KOG) at $2.75 near the market close when it cracked sideways price action so I thought it’d go negative on the day—I was right that it did go red, but I didn’t take my 10 cents/share gains cuz I wanted a big drop—not a pesky $180 profit. Unfortunately, I had a flight to catch the next morning… Took a later flight to watch the market open—wasn’t comfortable at all since it opened above the sideways price action crack of $2.80, covered at $2.82, a $160 loss including commissions. Screw that, played I safe…I can take $160 losses all day long. Later … Continue reading
Short Selling Penny Stocks: Decent Profits But The Mistakes Remain
April 11, 2008 at 9:30 pm by Timothy Sykes
Late Wednesday, when I posted this article predicting a 25% drop in (PSTI), I thought it’d be over and done with by Thursday. But that move didn’t complete itself til today, my baaaaaaaaaaaaaad! Can’t believe I covered my short above $4, too much of a lil bitch to hold this sucka. Sure, hindsight is easy, but look at the eerily similar price action after the last spike…probly more downside Monday. How about this, I’ll just go on predicting, you guys handle the trading, deal?
Scanning The Horizon For Worthy Stock Trades
April 11, 2008 at 9:04 am by Timothy Sykes
Thanks to (GE)’s pathetic excuse for a business, it’s stormy out there today! No new stocks on my radar today…lots of microcrap traders are playing (FRPT) and (MNKD)—TheLion.com’s all hopped up on them as if they were Mountain Dew. I like volatile low priced stocks just as much as the next guy–ok, maybe more–but not those of falling knives—their movements are based on rumors and speculation of further contracts/news…I hate trying to predict news…no I prefer predicting the effects of sketchy promoters and gullible suckers. Speak of the devil..unfortunately, there’s no shares available to short of (PSTI) today—something tells me it’s gonna take the big dump under $4 today or Monday, but with my impatience there was little chance at … Continue reading
Easy Short Plays: Short Selling Hyped Up Failing But Spiking Biotechs The Sequel
April 10, 2008 at 8:05 pm by Timothy Sykes
Last night, I posted about how excited I was to short another failing biotech into a ridiculous penny-stock-promoter-fueled price spike. Just like the last time, I wanted a 25% drop in stock price, but I didn’t get that, the price action just didn’t play out as I wanted it to—a decent 8% drop, but no big freefall. I still made $180 today off my wrong thinking, so life could be worse. After an initial 15 cent spike to $4.67—not scary at all cuz it was just one big buy 14k buy order (what is it with these guys, other one at $5 yesterday) that got taken out quickly—the question was could we take out multi-day support at $4.35-$4.40…most of the … Continue reading
I Had A Rough Day aka No Playboy Centerfolds For Me :(
March 24, 2008 at 4:57 pm by Timothy Sykes
COIN’s $1 spike at the open makes me feel better about covering too early last week, gotta be careful with momo plays in this sneakily-emerging bull market. MALL and VVTV displayed the exact same kind of forced buying Thursday into the close, same dip afterhours, so I awoke early to reserve shares of each, fully expecting big drops growing bigger throughout the day (return to normalcy). No MALL available so my focus was on VVTV. Shorted 600 shares at $5.90-ish pre-market, didn’t want to take a full position in case of morning spike…at the open there was a wall of sellers at $5.90 so I doubled up, shorting 400 shares more at $5.87…20 min in, looking good at $5.70, but … Continue reading
Two Decent Trades Detailed aka Why Having A Quick Trigger Finger Can Be Good
March 19, 2008 at 12:38 pm by Timothy Sykes
When I shorted 2,500 shares of (KBX) at $1.79 yesterday morning, I had little idea it’d drop 20% over the next 24 hours. No, I shorted it because its chart had gone vertical—meaning it was close to peaking—it was the third big up day in a row and the price/volume had already begun to fade the day before. Experience teaches me that it’s extremely difficult for a stock on that third day to finish green, let along up 10%+ because since it’s up soooo much sooooo quickly that buyers begin hesitating, wondering if they can buy in lower, longs start thinking about taking profits and short sellers like me begin wondering if we should pounce to take advantage of this … Continue reading
A Solid Wussy Trade, aka Good To Do In This Kind Of Market
March 17, 2008 at 8:12 pm by Timothy Sykes
Forget the overall markets, today the biggest news was I began Twittering. For those of you who don’t know, Twitter is a messaging system where you leave quick little notes that can be viewed by everyone in real-time. Just gotta follow people—click HERE to follow me. Other than that, it was a slow day. That’s right I said it, what! You gotta remember, my game, and the game I’m trying to teach everyone here, is PennyStocking, not this BS-macroeconomic-will-we-or-won’t-we-have-a-massive-financial-disaster-so-what-stocks-and-what-assets-should-we-be-long-or-short-depending-on-what-others-expect-and-when-they-expect-something-to-happen-or-not game everyone else in trading/finance is playing right now. I, like the vast majority of you out there, am not smart, well-informed or rich enough to play that game, so I stay clear of competing against big-time traders, fund managers and … Continue reading
Oops, I Did It Again, I Got Scared Out Of My Trade Too Quickly
March 12, 2008 at 6:29 pm by Timothy Sykes
Oops!.. I Did It Again! Yeah yeah yeah yeah yeah yeah Yeah yeah yeah yeah yeah yeah I think I did it again I got scared out of my trade too quickly Oh baby It might seem like I’m a fool But it doesn’t mean that I don’t know what I’m doing ‘Cause to get out too soon That is just so typically me Oh baby, baby :Chorus: Oops!…I did it again I played this crap stock, got lost in the game Oh baby, baby Oops!…You think I know everything That I’m sent from above I’m not that great at trading You see my problem is this I’ve seen too many fakeouts Wishing that perfect patterns, they truly exist I … Continue reading
