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 … Continue reading
Tag Archives: Pattern Day Trader Rule
Two TIMalerts: Why I Bought Energy Recovery, Inc. (ERII) & Tried Shorting New Century Energy Corp. (NCEY)
July 8, 2008 at 5:28 pm by Timothy Sykes
Two TIMalerts: Why I Bought Energy Recovery, Inc. (ERII) & Tried Shorting New Century Energy Corp. (NCEY)
July 8, 2008 at 5:28 pm by Timothy Sykes
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, www.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 … Continue reading
Why The Pattern Day Trader Rule Proves The SEC Rivals Osama Bin Laden In Terrorism
June 4, 2008 at 1:25 pm by Timothy Sykes
Yup I said it. While making a nice quick 5+% American profit, or $350ish, in an hour on my LGDI trade a few weeks ago, my blood boiled over due to the missed opportunities caused by the SEC’s pattern day trading rule. And while I’ve attacked it in the past, there was no formal summary post that explained all my key points. Considering how many stocks are in play today and the fact that I am forced to ignore 99% of them, it’s time I unleash this fury. The formal definition of this inane rule is HERE, and once you read it, you’ll begin to understand why I call it the Reign Of Terror Rule. In fact, I’ve got an … Continue reading
15 Low Priced Stocks: Buy & Short Sell Some, Avoid Most, Despise Them All!
May 6, 2008 at 8:59 am by Timothy Sykes
First, let’s get the fun / useless guessing game contest over with—with YHOO’s $24.37 closing price, there were 2 winners: Ann-Nan Lo $24.50 and DarkMatter $24.24—congrats guys! (UPDATE: Ann-Nan Lo has been disqualified cuz her winning guess was her second…wow, my readers are on top of things!) Now to business, stocks with predictable charts—doubt any of these topics will get 200+ comments, but gimme a few years to set you straight. Tons of plays, gonna be handicapped yet again by the SEC pattern day trading rule—all that handicapping inspired me to write one hell of a post, which I gotta vet with a lawyer… VNDA Yes its bounced, but its a ton off its highs and it’s an earnings play, … Continue reading
15 Low Priced Stocks: Buy & Short Sell Some, Avoid Most, Despise Them All!
May 6, 2008 at 8:59 am by Timothy Sykes
First, let’s get the fun / useless guessing game contest over with—with YHOO’s $24.37 closing price, there were 2 winners: Ann-Nan Lo $24.50 and DarkMatter $24.24—congrats guys! (UPDATE: Ann-Nan Lo has been disqualified cuz her winning guess was her second…wow, my readers are on top of things!) Now to business, stocks with predictable charts—doubt any of these topics will get 200+ comments, but gimme a few years to set you straight. Tons of plays, gonna be handicapped yet again by the SEC pattern day trading rule—all that handicapping inspired me to write one hell of a post, which I gotta vet with a lawyer… VNDA Yes its bounced, but its a ton off its highs and it’s an earnings play, … Continue reading
Shorting Into Penny Stock Manipulation Works Wonders But The SEC Still Owes Me $500
May 5, 2008 at 5:31 pm by Timothy Sykes
Going into today, as I posted pre-market, I thoroughly expected to short LGDI because it had all the right elements—junky company, big run-up, toxic SEC filings and new today no less than 12 paid-for stock promotion pieces! (somebody’s paying biiiig $ for those) So, I reserved 1,000 shares to short for the day. Been working myself dizzy lately so I looked forward to taking an early morning nap, but when this thing shot up from $4 to $4.75 before 9:45am—or a $140 million increase n top of its already thoroughly ridiculous $700 million marketcap—I couldn’t help but want to bet against it, excitably shorting 1,000 shares just off its highs at $4.62. I know, I know, in my PennyStocking DVD, … Continue reading
5 Penny Stock Trading Misconceptions
April 14, 2008 at 11:10 am by Timothy Sykes
Thanks to my talent for self-promotion, I’ve been exposed to a crazy number of investors, traders and market theories. Here are a few misconceptions that keep popping up and are in desperate need of correcting: 1.You can’t short sell stocks under $5, you’re a liar and a fraud! Ridiculous, of course you can! There’s no SEC rule against it, many crappy brokers just don’t allow it—hence their “crappy” title. If you want to learn PennyStocking, shorting low priced stocks is essential—that’s why I use Thinkorswim, I’m proud to do all my trading there—they rock! 2. Smallcap and microcap trading is a joke, if you want to prove yourself as a trader, trade large stocks, currencies or futures. Also, what kind … Continue reading
Why Low Priced Stocks Crush High Priced Ones aka I Love Frauds & Failures!
April 10, 2008 at 1:17 pm by Timothy Sykes
Let the records show (CRY) and (NOG) as Exhibits A and B, whose charts I’ve posted HERE and HERE, respectively. Both have gone in the direction I predicted—CRY higher on the breakout and NOG lower after going vertical—but I haven’t touched either one. I’ll tell you why.
Why Low Priced Stocks Crush High Priced Ones aka I Love Frauds & Failures!
April 10, 2008 at 1:17 pm by Timothy Sykes
Let the records show (CRY) and (NOG) as Exhibits A and B, whose charts I’ve posted HERE and HERE, respectively. Both have gone in the direction I predicted—CRY higher on the breakout and NOG lower after going vertical—but I haven’t touched either one. I’ll tell you why.
Short Selling Stocks: Plays Galore Limited By Absurd Pattern Day Trading Rule aka SEC Reign Of Terror
March 31, 2008 at 6:13 pm by Timothy Sykes
As I posted early this morning, there were lots of potential shorts today, but I had to be extra-choosy due to the SEC’s reign of terror over accounts under $25k (explanation down below). Awoke early and reserves shares of my favs—placing my sell limit orders waaay high, intent on lowering them if and when any became good plays: -300 ASTI @16.99 LMT -300 GU @16.99 LMT -1000 BPAX @5.99 LMT -1000 REED @4.99 LMT -1000 QBIK @3.99 LMT Didn’t even need to reserve any COT, it was listed as easy to borrow. But my top pick was REED, and I was hoping—somewhat naively—to get a morning spike to short into…no such luck. It went down quickly, bounced, down again, blah … Continue reading
