I’m Travelling But Who Cares, Here Are Some Hot Penny Stocks
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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| 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%)
51bdog
April 28th, 2008 at 1:55 pm
Tim,
you should do a lil write up on the wonders of day trading from being in your bath robe at work to an airport terminal and all the other crazy places you can call your office…might be a funny post…craziest place youve traded…maybe not I would just be interested to hear bout it
52PsychCorp
April 28th, 2008 at 2:43 pm
Hey guys Ive been following this blog along for a while now and I apologize if this is a stupid question, but do you guys know of any sites where it would be possible to practice these moves? all of the ones that let you “play” with fake money such as updown.com have the 15-20 minute delay, at least. Thanks in advance.
53Goose
April 28th, 2008 at 2:47 pm
http://www.Investopedia.com sign up for an account and up you go.
54Dan-O
April 28th, 2008 at 2:48 pm
I am watching PDO like a friggin’ stalker.
55InvestorsLive
April 28th, 2008 at 2:55 pm
Tim thats a new term Travelling, never heard of it lol
56bdog
April 28th, 2008 at 3:06 pm
virtual stock exchange google it and join mypublic league called timothysykes you start with what he did 12415..im already up %18 percent in 2 weeks
57InvestorsLive
April 28th, 2008 at 3:07 pm
Good luck on speech tonight …
Dan-O PDO so hard intra-day bounces around with no direction but in a general direction makes it impossible to trade unless you’re holding
58John G
April 28th, 2008 at 3:10 pm
Timmy, way to stroke the ego with a $150 quickie…your argument is pointless with PDO really - yes, stocks with runs will come down eventually, but you just don’t risk short side on low float momo stocks in hot sector that DOES have fundamentals to back it up. That is just stupid and terrible advice for your sheep here. A smart trader sees what is going on and jumps on for a ride…then they short after their big game…but noooo, you took your lunch money the other day, and the $150 today, but neglect to point out the fact that you should have swam with the current and made $1700+ on the long, THEN shorted.
There will be ups and downs with this, but its very dangerous to try to time it in out without obvious total collapse of support - I would be riding as long as the drop is less than 15% on a given day - as soon as that happens, then maybe the show is over..in the meantime, a long position when you first started looking at this may turn out to be a $3-5k trade before its all said and done.
THIN THIN THIN…thats the key issue here that says you were wrong from day one to do what you are doing….WAY TOO EARLY.
59Dan-O
April 28th, 2008 at 3:13 pm
In case you were interested in PDO, those big buy blocks (5K) at 8.15 to 8.20 vanished into thin air.
60timsykes
April 28th, 2008 at 3:14 pm
John, of course I’d love to be able to go long, but if u could read, u’d see in my book AND in the post above, i say my specialty is short selling, thats just the way the cookie crumbles–and i’m gonna teach people to trade whats worked FOR ME. u forget 95% of traders lose $, any of whom lost half or even all their money within a few months–if they follow my strategy, not only would they have a 50% gain in 6 months, they’d probly do better cuz i’m not even that good!
next time do some research before u waste my time repeating myself, thanks!
61Dan-O
April 28th, 2008 at 3:15 pm
And…. now they’re back.
62Goat
April 28th, 2008 at 3:29 pm
TTP looks ready to break out to the upside in my opinion…nice volume
63sonid
April 28th, 2008 at 3:38 pm
MXC is the supernova we’ve been waiting for. almost ripe
64InvestorsLive
April 28th, 2008 at 3:45 pm
MA sweet move into close, excited to see what V brings after hours
65Jeff C
April 28th, 2008 at 3:49 pm
I second that sonid, made a few bucks today on SYNM on the way up…sold into consolidation…waiting to see which way it goes…..watching GRIN, HDY, RGN, terrible commodity KOG, DSCO, FPP and my fav Amish food company AMNT for possible short plays….most are consolidating…KOG could go North looks like
66Jeff C
April 28th, 2008 at 3:53 pm
DSCO goin down
67timsykes
April 28th, 2008 at 4:05 pm
nice breakouts on COIN, GTE, KOG
68AP
April 28th, 2008 at 4:31 pm
Question: Can somebody force a margin calls across the board on a stock by buying say a few share at say 10X the price in the After Hours?
I say this because I’m trying to understand the logic behind somebody buying 100 shares of EDEN at 2.88 1 minute after the close.
I just wonder what would happen to shorts if 10 shares crossed at like 28 dollars AH?
69Roman
April 29th, 2008 at 12:16 am
My type of person even on vacation your working.