I’m Travelling But Who Cares, Here Are Some Hot Penny Stocks
Posted by timothysykes on Mon 28th of Apr, 2008 06:12:40 AM
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Gonna be traveling all day to my U of M speech so considering how good some of these plays are looking, I’m gonna miss out and inevitably get some emails sayin’ I’m a failed trader, but that’s a small price to pay to get the expected 150+ students to think cynically about the financial industry freakshow! Here’s the microcrap landscape…cheers:
PDO just keeps it goin, showing why THIS trade was actually pretty damn good, at least for a short seller—as I preach in PennyStocking, shorting, while ultimately correct considering how shady these companies are, is much tougher, I really want you guys to learn to play these from the long side (something which I could never really master)…as for when to short, don’t stand in it’s way, this is a full fledged Supernova! Just sit back and let all the early shorts kick, scream and ultimately panic cover—that’s when I’ll start looking’ to enter
HDY is another sketchy oil and gas play that puts out exaggerated PRs, spikes and then does nothing…last 7 spikes have all been good short opportunities, their PR firm is Investor Awareness Inc whose business—judging by their other clients—is to take a few thousand dollars/month and do little to nothing offering up excuses like “it’s tough to get any upside in a market like this” and “no microcraps are doing well right now”. Too bad HDY doesn’t hire somebody scummier/more unethical so this stock can actually pumped like it should be!
(Yeah that’s right IAI, your services ain’t worth sh@! unless you create a short suqeeze worth remembering–read my book An American Hedge Fund, maybe you can get some ideas. HDY, save some money, just buy some banners on my site and I’ll pump you up myself! (Oh wait, damnit, I wanna help the suckers, not create more, okay HDY, how about I just get you exposure, bring in the short sellers, then you hire a really shady PR firm, squeeze us short sellers and reap the benefits of a higher stock price, deal?)(PennyStockers don’t fear short squeezes, we cut our losses quickly, so bring it on you boiler rooms!)
MXC another oil runner, gotta get the volume up, c’mon company, realize how much you can squeeze the shorts, pay some nefarious firm $25k and some shares and unleash your potential! (those of you who have time, please email the company urging them to do just that
TIM Lesson: Nothing worse than a microcrap with ethics, blehhhhh, disgusting and hypocritical; if management won’t play the game right, throw ‘em out and find somebody on Craigslist who will!
WSCI again teaches you why sometimes you just buy the breakout and hoooooooooold, dan my cynicism!
XJT up on takeover merger blehhhh bastards think their company is actually worth something, someone should tell ‘em how airlines are a cursed biz, just ask the JBLU investors who “believed in their long term vision” LOL, take what $ you can and get the hell out
ACTS earnings play
THC solid multi-wee breakout on ANALyst upgrade, lots of resistance, c’mon other ANALysts, don’t me a Meredith Whitney, just follow your mindless compadres and pump this sucka up so I can short it!
HMA same game as THC, just diff. name
PGNX missed this fun on Friday, blame having a life every now and then, tough to balance, that’s why all the richest people on Wall Street are f$#@ed up
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Keep an eye on GTE.
This picture, is it from Iceland?
anyone lookin at NT
PEIX?
You should check out GRIN. Its up 174% or so.
Just shorted PGNX @ 13.00, lets see how far they will take it down.
PDO - left $1720 on the table so far for being a shot sighted hot air machine that can’t recognize sustained momentum in a hot sector if it bites you in your azz - shame shame, shoulda gone long. Enjoy that $20 profit though! For all those that would rather make $20 over $1700, Timmy’s your man.
PDO ready to short? I was at about 8.35×8.60 now 8.20×8.25.
DGLY it ain’t got no alibi (sorry, had to). Huge spike, but should come back down today. No huge potential right now, but it’s worth keeping an eye on for after earnings on Wednesday.
PDO…need to let that one cool off. It has the possiblity for much, much more.
VC, you may be right. I been watching it since last week. Its in my watch list.
COIN is on the move again…
I know CNOA is a pos. but with SEED and FEED flying traders are going to look for an alternate.
So i’m watching CNOA and also CNEH (oil play)
You guys are crazy shorting PDO at this point. It’s definitely has mucho steam left. Rather a buy than short at this point. Do some DD on this stock before shorting.
short 300 NXTM @ 6.36
been watching this one for a while, looking to cover ~6.10
excellent, bidders seem to be fleeing fast at signs of weakness (NXTM)
PDO is stil worth having on watchlist, if it dips, it should be a good ride
I don’t like the idea of shorting Oil, especially before a possible interest rate cut by the fed.
My best guess is that a fed cut will have an inflationary effect on oil. I don’t know what it will do to the companies in that sector (PDO), and I don’t have to choose a outcome.
If I do anything it will be after the Fed cut, and it will be with the trend.
covered NXTM @ 6.22
not enough weakness for me although I could see it dropping below 6 today or the next
maybe after it gets through this 6.15-6.25 resistance
VC, COIN does seems to be making a move up high. Going up 10% already.. Whats the news?
VIJAI- This is the only news I can find.
http://www.mbtmag.com/articleXml/LN782726191.html
I still expect this jump to be short lived (probably fade in the afternoon). Not sure if there is enough potential gain for me to short on though..
SEED has been making a run all morning, look at the volume, wish I jumped in over night or right when the market opened. What is everybody’s feel on it?
SEED looks like it hit resistance @ 7.55
Yeah, what is happening with SEED… Looks like it’s starting to go sideways. Maybe a good short, but I’m weary of why there is such volume on no news..
Damn Ameritrade w/no SEED to short!
V all day nice scalper
SEED REAL NICE congrats to those who played
john g and other naive PDO longs, your company is nothing special, its just the latest pump, if u’d done any research on my site, u’d see they ALWAYS come tumbling down, now its just a waiting game
and why short SEED, its barely off its lows, risk reward sucks
Tim- you’re right, the risk/reward does suck, but I still expect to see it finish the day around $7.
I doubt I would have taken it even if Ameritrade had shares, but they’re record with availability sucks so bad I generally check availability on ANYTHING I may be interested in..
change that they’re to a their. Damn I hate Mondays..
FPP tasty lil prospect
PDO and MXC both reserved at thinkorswim, just in case they decide to be gradual afternoon faders
well, NXTM went right through my target
oh well
Watch for FEED, it has shown weakness for the past three days, looking at the chart, it could tumble…and FEED shares are available to short today.
EDEN is breaking down.
Yeah, I’ve got PDO reserved as well.. I’m having trouble understanding why my level 2 looks so much different than the Nasdaq book viewer. The book shows some pretty big buys at $8.10 and $8.00..
shorted 500 PDO at 8.48, liking the 15k sell order that just went through, breakdown of sideways price action, big blocks coming in from above, def. early in the game here, but shorts have been squeezed and this is just a small position, willing to add if it goes higher
Thanks a lot Tim. I was making some money on the Long side of PDO today. Sold as soon as you posted. Made $200 today. oh well.
good thing u sold, this is a perfect perfect breakdown, i’m already up 25 cents on my short even if the spread sux, 3rd day of a short squeeze induced runup inside of a larger 8 day run
I was in the middle of transferring over my account to TOS and 3 target prices flash on the screen. WTF!
I bought in at 8.30 on your philosophy that this thing could still go higher. Tempted to sell when it hit 8.80 (shoulda woulda coulda). Started selling off around 8.60 and it started getting harder to get buyers. That’s when you posted and I dumped the rest.
The dark gift. That’s what made me jump.
covered at $8.18, no0 like the big 5k buy block at 8.15 and bigger blocks at 8, 8.05 and 8.10, solid trade for a profit of $150ish made from the airport terminal! will have a detailed post later
hey tim do you worry about security on internet connections, etc…? i’ve always been hesitant to use public internet to trade.
Watch CAL for 17 breakout (not a penny stalking stock but a good trade if it breaks 17)
i dunno, my old hedge fund setup had a vpn, now that i’m trading with $20k its not a big deal
Hei Investors Live I saw your post on AWBC today…..What’s your take on it right here?
PDO nice trade Tim, sometimes the airport terminal yield the best percentage gains lol
makes sense, thanks tim
Whether you’re trading via software or web client, you are safe on a public networks due to the SSL encryption. DON’T ever use a public terminal unless you know how to check for keystroke loggers, and make sure there are no cameras with a view of the keyboard…
To clarify the above, you are safe on your own laptop, just not on a public (ie, library) computer..