Good Speech, Bad Pizza
You now when you wake up to 30+ Facebook friend requests from Rutgers students when you spoke to only about 40 people the night before and you’re getting messages like: “hey man. thanks for coming to RU! you bring a whole enthusiasm and honest knowledge to trading that ive never seen before”, you did something right. God, I love speaking—people and groups out there: book me, seriously—you won’t regret it, I just go crazy and let it all out. Think my book + swearing. Only bad part is the group gave me some pizza that tasted pretty good, but now it’s made me pretty sick.
TIM Lesson: Never trust pizza from the Rutgers Student Center
Today, the overall market might’ve surged, but the smallcap momentum plays couldn’t hold their early gains. In the morning, (COIN) pulled its typical high $9s to mid-$10s back to high $9s pattern (will it ever stick?). (IDMI) and (NYNY) both coulda woulda shoulda been great 15% low priced gap up plays—I don’t like buying into weakness—but both faded into oblivion afterwards. Higher priced momo names like (CHNR), (APWR) and (YTEC) hardly put up a fight with (APWR) basically double topping around $19ish even after two new contracts and being supremely hyped on TheLion.com. (ORCT) reported their typical sub-standard earnings—making me look smart for avoiding that crap.
I’m done for, I gotta go puke. Again. This sucks.
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| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Sept 4 | COIN | $5.70 | $6.21 | $745 |
| Sept 3 | COIN | $6.49 | $6.30 | $305 |
| Sept 3 | COINW | $2.75 | $2.85 | $180 |
| Sept 2 | TAYD | $7.51 | $8.13 | $545 |
| Aug 18 | FOUR | $2.80 | $2.66 | $342 |
| Aug 14 | APII | $2.66 | $3.30 | $1261 |
| Aug 12 | APII | $3.25 | $3.40 | $285 |
| Aug 7 | NOBL | $5.02 | $5.49 | $680 |
Total: $26,508 (
114%)
1be-the-ball
February 12th, 2008 at 2:47 pm
Tim,
TGAL, up 100% in past week or so. Volume fading, nearing resistance. I know they beat earnings and finally made a couple bucks.. short on weakness or avoid?
2WallST_Wizard
February 12th, 2008 at 3:02 pm
Hey Be-the-ball just thought I’d offer my opinion, and yeah that looks like it could be a good short play and even if it doesnt work out just put ur stop maybe 10 or 15 cents above that resistance point for a small loss, but i would wait till at least the first down day, also it does look like volume is drying up and momentum is slowing so good luck =)
3timsykes
February 12th, 2008 at 3:03 pm
i don’t care if its up 300%–its an earnings mover–the one penny stoc to ever make it–BOOM–was an earnings mover. that said, TGAL is also uptrending gradually, not spiking. looks very rational
4td
February 12th, 2008 at 3:43 pm
any long ideas for today befor close?
5timsykes
February 12th, 2008 at 3:45 pm
bought 700 CTIB at $5.35, right until after i bought it looked like it was gonna take out the days highs. looking for gap up nonetheless
6be-the-ball
February 12th, 2008 at 3:51 pm
tim, good eye, played CTIB this AM from 4.75 to 5.10. Looks like I sold too soon, but i avoided that afternoon swoon….
7Eric T
February 12th, 2008 at 3:54 pm
Tim - how much of a gap up are you expecting tomorrow for CTIB? What are the signs that show a gap up?
8timsykes
February 12th, 2008 at 4:04 pm
horrible close on CTIB, better signs of gap up for SWHC. just picked the wrong horse.
9russ
February 12th, 2008 at 4:11 pm
Well POT closed at $149.28 up $5.20 but did hit a new 52 week high of $154.63 at around 1030am. I’m not a daytrader and hold only200 shares in my roth IRA at $131. Just thought I would add this to this board for informational purposes as the theme seems to be lower priced momentum stocks. I plan to add on dips if we get any dips. MOS had a great day too although weak at the close.
10tim
February 12th, 2008 at 4:26 pm
Tim, When are you coming up to Bentley College to give a speech??? We could get you better pizza….
11Neil
February 12th, 2008 at 4:57 pm
I am a Bentley Grad! 1989. I’m old!
12tim
February 12th, 2008 at 5:03 pm
Neil,
It’s nice to know there’s a Bentley person on here. Happy Trading, GO FALCONS!!!
13lmsmith
February 12th, 2008 at 5:04 pm
Hey Tim, Coin has a serious pattern- It’s been doing the same thing for about 3 weeks now…..It mostly open high in the a.m and then fade in the afternoon, It seems like it can not break beyond 10ish……. I usually buy if it closes at a low- wait for the morning spike and sell… It hasn’t failed me yet….
14timsykes
February 12th, 2008 at 5:38 pm
i’m tempted to trade COIN too but thhats a dangerous pattern. never ever short at the to–the one time it doesnt, it’ll break out huge.
15timsykes
February 12th, 2008 at 5:56 pm
I’d love to speak a Bentley, have someone who’s in charge of that stuff contact me!
16TheRealDeal
February 12th, 2008 at 7:17 pm
Tim,
what would you suggest for someone who has a lot going on during the day and can’t be at a computer always (although I do have the iphone). Can you have success by putting in a lot of your orders when the markets are closed so that when they open up you don’t have to put them in then?
17timsykes
February 12th, 2008 at 7:27 pm
Prioritize, Focus on open and close, never put in order when markets are closed.
18puma
February 12th, 2008 at 7:33 pm
tim,
you must come to Baruch College! its full of young investors, itd be great to have you.
oh, and how do you feel on Buffet’s statements today, think it will be a catalyst for mortgage/housing/finance stocks? i was looking at HCM, LUM, and IMH
19timsykes
February 12th, 2008 at 7:35 pm
i spoke to the baruch quants, good times. i could care less about buffett and housing stocks, all guessing games played by everyone but me
20D
February 12th, 2008 at 9:54 pm
Oh come on, i lived off that pizza for 4 years there!! Tim, how about COIN long here for a change?