10 Hot Stocks: Hanging Out With All The Liars, Cheats And Frauds In Penny Stock Purgatory
Seeing all the soulless scumbags around me, I can’t help but feel like this guy…name the movie!
LGDI.OB agri is so hot right now, great fluffy PR this morning, this is a solid pump—probly created by those who got cheap shares as disclosed in THIS toxic SEC filing just a few days ago…chart reminds me of NCEN from a few weeks ago—which dropped 40% off its highs, but patterns evolve (that’s right, you can’t just memorize patterns and then trade—you’ll get your ass handed to you, you actually gotta understand the variables that align to create them so you can ADAPT to change, as detailed in my instructional DVD PennyStocking) (welcome to why this niche is different from all others aka my publishing business model)
SUNV.OB Not enough time in the day to explain everything wrong with this company, its all just exemplified by this blatantly misleading press release, an interview for which they paid, no different from the half dozen mentions HERE for which the pumpers paid
CPHI.OB First day breakout on earnings, bigtime resistance everywhere, let’s see what its got
CEGE Former 2-day spiker has now broken out on a gradual rise, now do you understand what I mean when I say its all about the price action ie. the same company can display 2 totally different patterns that you gotta play totally differently
VSCI Another gradual riser
UFPT What’s that you say—a perfect W breakout formation pattern right near the highs? Looks that way
HDY Repeat after me: I will not short surging penny stocks that have dipped and rebounded, I will not short surging penny stocks that have dipped and rebounded, I will not short surging penny stocks that have dipped and rebounded
GETG.PK Great spiker, too bad, it all happened in the last 3 minutes Friday on little volume aka it’s just a misprint
CVSC.PK Awwww, look what happened to our friend the fraud, poor you!
CAGC.OB Inevitably the same outcome for this company that pays to get pumped
BSHF.OB An eternity in sub 10 cent/share hell awaits this spamming operation
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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%)
1YngvaiMalmsteve(TIMBUCKS: $593)
May 5th, 2008 at 8:54 am
I’m long on CPHI
2Joseph
May 5th, 2008 at 9:01 am
CONSTANTINE. The guy walking is Keanu Reeves
3InvestorLive(TIMBUCKS: $6)
May 5th, 2008 at 9:11 am
“You cannot short sell OTCBB securities,” says TD-Ameritrade and Scottrade to short LGDI,even if I want to short, when and if LGDI reaches thier limit of minimum $5 or higher.
4timothysykes
May 5th, 2008 at 9:16 am
they should say “You cannot short sell OTCBB securities HERE and thats why where cheaper!”
people looooove saving $2-$5/trade in commissions and miss out on thousands of dollars in easy gains
5bullpicks6
May 5th, 2008 at 9:17 am
I like LGDI reminds me a lot of COIN when it began it’s run months ago
6Davey(TIMBUCKS: $194)
May 5th, 2008 at 9:22 am
Yea I’ve got 1k reserved of LGDI at TOS, but it’s gapping so gotta wait to see the “white of their eyes”
7Davey(TIMBUCKS: $194)
May 5th, 2008 at 9:44 am
Looks like we have a supernova forming here with LGDI, just gotta let it do its thing first.
8timothysykes
May 5th, 2008 at 9:47 am
short 1,000 LGDI at $4.62, nice entry, will build my position if it spikes
9bullpicks6
May 5th, 2008 at 9:48 am
I think you guys who are short LGDI here will be fine, but i don’t think it’s turning yet, being on the long side I’m looking to sell over $5; bought under $4
10Andrew
May 5th, 2008 at 9:53 am
I’m in there with you tim 800 at 4.73
11timothysykes
May 5th, 2008 at 9:58 am
lack of discipline, really gotta wait til the afternoon
12jj(TIMBUCKS: $76)
May 5th, 2008 at 10:00 am
yahoo’s dropping…going to get another free book today!
13investorslive(TIMBUCKS: $224)
May 5th, 2008 at 10:05 am
What is so fun about impersonating my name? Is it really neceesary
InvestorLive(TIMBUCKS: $2)
May 5th, 2008 at 9:11 am
“You cannot short sell OTCBB securities,” says TD-Ameritrade and Scottrade to short LGDI,even if I want to short, when and if LGDI reaches thier limit of minimum $5 or higher.
14manhack
May 5th, 2008 at 10:05 am
I have LGDI reserved…still haven’t put the final order through…thank goodness.
15jj(TIMBUCKS: $76)
May 5th, 2008 at 10:06 am
well LGDI’s at $5 right now so you should be fine if you act quick.
16bullpicks6
May 5th, 2008 at 10:10 am
Got my sell in at $5; good luck shorts, I’ve enjoyed my profit! Have fun!
17jj(TIMBUCKS: $76)
May 5th, 2008 at 10:10 am
sorry, that’s why you should use TOS…
18InvestorLive(TIMBUCKS: $6)
May 5th, 2008 at 10:10 am
You want it? You can have it:)
19Andrew
May 5th, 2008 at 10:12 am
Tim agreed probably should have waited a little. I added 400 more at 4.87. Looks like its pooping now.
20investorslive(TIMBUCKS: $224)
May 5th, 2008 at 10:13 am
GETG wow, although yes the move was in the last 15 minutes Friday, look at the volume already … took 30 minutes for it to fall on semi-big volume …. OUCH to all the Monday buyers
thats what you call suckers
21investorslive(TIMBUCKS: $224)
May 5th, 2008 at 10:16 am
LGDI appears much stronger, keep in mind 1 mil shares is about $4.5 million bucks, so a big money play, once it starts to spread and spike .05-.10 at a time is when you want to think about going on the opposite side - lets see if it can break $5 again
22investorslive(TIMBUCKS: $224)
May 5th, 2008 at 10:20 am
no tricks, im surprised they didn’t try to trap shorts.. then again its rather expensive to support up here…
$4.80s about to drop
23Adam
May 5th, 2008 at 10:20 am
Tim are we currently in the sideways price action w/ LGDI that you talk about in your dvd? (between 4.80-4.90)?
24Ben Bien
May 5th, 2008 at 10:21 am
MGI randomly spiking RIGHT NOW (7AM PAC./10AM EST.) on no news besides its earnings release date, might be a strong spike so as Tim would say “Avoid”, but could be good for a quick gain within the day, it is fading off its high of $2.04. Check it out!
25bullpicks6
May 5th, 2008 at 10:21 am
you can feel LGDI about to tumble here…
26Andrew
May 5th, 2008 at 10:25 am
Investorslive I agree that big money can mean there could be more money to come and potential support but monkeys throwing darts at a newspaper are more successful than at least 70% of these guys. Also on 2 day chart from the run from 4 to 4.80 looks like the buying you were talking about. I definitely was too early in the morning, but I’m liking this action. Time will tell I guess.
27Adam
May 5th, 2008 at 10:25 am
I cant get any shares boo!
28investorslive(TIMBUCKS: $224)
May 5th, 2008 at 10:33 am
Don’t get me wrong.. this will end up in the gutter I’m sure and Tim will have a nice stockchart of the BIG RED candle that I’m expecting… BUT.. they shook it at 4.75-4.80 and there weren’t many sellers… $5 break is the real test again… if it doesn’t break then its fair game for lower… but as long as it holds $4.80 to 4.90 support this may consolidate all day just south of $5,… looks like their ego’s want it above $5 and they’ll fight for it to get there.. if they fail .. see you at $4
29timothysykes
May 5th, 2008 at 10:34 am
adam no where near sideways price action–i thought it’d just be a big morning spike ad then a 50 cent retrace…wrong about that, this is my lack of patience that i talk about in the dvd-normally it wouldnt matter so much as i’d just cut my losses and re-enter but with this damn pattern day trading rule, i gotta be perfect in my entry
30investorslive(TIMBUCKS: $224)
May 5th, 2008 at 10:39 am
now BMIC has joined ask.. our beloved shorter… lets see if they can break through $4.80 level as we approach nearly $8million traded
31timothysykes
May 5th, 2008 at 10:43 am
now theres some nice fading action, just too any sellers, can’t support a $700mil+ marketcap, added 500 shares at $4.78, total average now $4.67
32sonid
May 5th, 2008 at 10:43 am
Tim, it looks as though 4.70 is about our support area. If we can get a crack of that then we should potentially see at least a 50 cent tumble. But for now it has been holding very well. touching down there 3 times and moving away from it. I set my short real high to be careful and to reserve the shares.\
33Davey(TIMBUCKS: $194)
May 5th, 2008 at 10:46 am
Yea it’s showing some weakness now on fading volume…short 1K at 4.66
34cacaosteve(TIMBUCKS: $25)
May 5th, 2008 at 10:48 am
What’s your exit point on LGDI, Tim?
35burky(TIMBUCKS: $29)
May 5th, 2008 at 10:49 am
Damn, I missed it. I can’t change my order with TOS. Changed with the trade desk via chat once but again just missed … now working with tech support … arghhh!
36bullpicks6
May 5th, 2008 at 10:49 am
LGDI TIMMMBERRRR!!!
37investorslive(TIMBUCKS: $224)
May 5th, 2008 at 10:50 am
And we’re offff
38timothysykes
May 5th, 2008 at 10:50 am
awww yeah we goin for a ride now!
39timothysykes
May 5th, 2008 at 10:51 am
or not, holding up well, remember its still up nicely on the day, we’re waaaay early in this pattern
40Andrew
May 5th, 2008 at 10:58 am
that’s a pretty beautiful double top on the 5 day though
41sonid
May 5th, 2008 at 10:58 am
its holding up but it looks as if the struggle to gain any momentum will push it lower and we will be in for a win. it bounced off of 4.70 but now we’re below that so little by little. Whats your exit?
42YngvaiMalmsteve(TIMBUCKS: $593)
May 5th, 2008 at 11:00 am
Well I made a nice little $112 profit on LGDI on the way up. Tried to catch it now on the way down but no shares available to short.
43Davey(TIMBUCKS: $194)
May 5th, 2008 at 11:00 am
There she goes…She’s coming back to earth
44sonid
May 5th, 2008 at 11:01 am
nice fade action
45timothysykes
May 5th, 2008 at 11:04 am
god damn how great is this game?
46Andrew
May 5th, 2008 at 11:06 am
pretty sweet
47Davey(TIMBUCKS: $194)
May 5th, 2008 at 11:07 am
LOl yea baby…huge retrace
48Goose(TIMBUCKS: $34)
May 5th, 2008 at 11:07 am
Nice play guys… No shares to short :( Boo…
49sonid
May 5th, 2008 at 11:08 am
this game is so much fun when we’re right
50Davey(TIMBUCKS: $194)
May 5th, 2008 at 11:12 am
Covered 1K 4.40s from 4.66
51manhack
May 5th, 2008 at 11:14 am
covered at 4.41 from 4.84(eyed it at 5.00) entry
Need to take a nap…Thanks TIM!
52investorslive(TIMBUCKS: $224)
May 5th, 2008 at 11:14 am
$4.40 holding for now…
53timothysykes
May 5th, 2008 at 11:16 am
covered $4.42, +375, congrats to everyone here! still gonna be a great play later today tomorrow
54J-Mo
May 5th, 2008 at 11:16 am
Tim, for some reason I haven’t gotten an e-mail with my password for your site so I can post on the forums. I wanted to know what you thought of STEC. Apologies for posting here instead.
55investorslive(TIMBUCKS: $224)
May 5th, 2008 at 11:17 am
J Moooooooooo - thats what the forums for!
56Davey(TIMBUCKS: $194)
May 5th, 2008 at 11:17 am
Very tempting to hold, but I had to take the quick 5%, and this thing looks like its spiking again.
57Davey(TIMBUCKS: $194)
May 5th, 2008 at 11:18 am
Great F*ing play and a great cover guys we just missed the spike.
58J-Mo
May 5th, 2008 at 11:20 am
Investorslive, read the post! I CAN’T
59investorslive(TIMBUCKS: $224)
May 5th, 2008 at 11:22 am
J Moooooooo I’m sorry
STEC beautiful, nice breakout it consolidated quite a bit around $9 I wouldn’t short it… this may head to $12+
60jj(TIMBUCKS: $76)
May 5th, 2008 at 11:23 am
another great day in the market! well, i guess it’s off to work now.
61bullpicks6
May 5th, 2008 at 11:29 am
the wax is pouring off this candle now, imo it won’t get higher than 4.70 again, that’s the new res., and it probably won’t get any higher than that
62Davey(TIMBUCKS: $194)
May 5th, 2008 at 11:30 am
By the way I didn’t think it was possible but my call YHOO closing at 25.15 is looking possible now.
63Davey(TIMBUCKS: $194)
May 5th, 2008 at 11:32 am
This is great the way LGDI is shaping up it might be the best play tomorrow as well.
64timothysykes
May 5th, 2008 at 11:34 am
incorrect bullpicks, we’re waaay early in this LGDI pattern, the predictable prcie action has come and gone, now its back to random and that eans possible short squeeze of those who don’t understand pennystocking!
heads up on SUNV, up big, again, I got 1,000 shares reserved
65matt
May 5th, 2008 at 11:38 am
tim,
is that you in the benz that hits the curb in Wall Street Warriors? that is the funniest clip, i can watch it over and over…well that and you kicking your lamp, or you celebrating getting a million dollars that you end up not getting. definately the best character on that show! love the site, good luck!
66Davey(TIMBUCKS: $194)
May 5th, 2008 at 11:40 am
SUNV looks good but it’ll have to wait until tomorrow because I’ve got no buying power left. Thanks SEC
67timothysykes
May 5th, 2008 at 11:44 am
thanks matt, nah i never had a benz, i preferred my bmw 745li
yah davey, i’ll have a post later that we can refer back to again and again at how ridiculous the pattern day trader rule is
68cacaosteve(TIMBUCKS: $25)
May 5th, 2008 at 11:44 am
Well I didn’t exit LGDI properly… every time I increase my limit order to the ask, the “mark” goes up a few more cents. It’s like it’s just me against whoever is out there not selling to me!
69matt
May 5th, 2008 at 11:47 am
preferred? what car did you switch to?
70Davey(TIMBUCKS: $194)
May 5th, 2008 at 11:48 am
You should point out how the under 25K guy gets hurt because he holds losses and takes profits too quick because he’s worried about not having any trades left instead of exiting losses quickly and being allowed to re-enter. Without that stupid rule we could have re-entered around the 4.80-4.90 range in LDGI, but whatever. That costs us way more than the 5-10 bucks a trade there trying to save us.
71ochopsycho
May 5th, 2008 at 11:49 am
Tim, do you have an opinion on KERX?
72Joseph
May 5th, 2008 at 11:53 am
Nah Davey, the worst is when you are actually short a stock, and then bam! suddenly you remember that you don’t have any daytrade left, and all you can do is sit there and watch this thing gapping up on you and your only option is to buy to offset some of the loss. Scary, Scary!!!
73J-Mo
May 5th, 2008 at 12:07 pm
What happens if you do get flagged as a day trader on TD ameritrade? Any one had experience here? Any way to get out of it?
74eb(TIMBUCKS: $82)
May 5th, 2008 at 12:09 pm
Tim that would be cool if you at least made a cameo on WSW Season 3! WSW Season 2 was pretty boring, especially with those two lame salesman pushing Sandisk.
75Joseph
May 5th, 2008 at 12:11 pm
I think first time you get a warning, second time they take away your margin
76Dan_O(TIMBUCKS: $53)
May 5th, 2008 at 12:15 pm
I got tagged as a pattern day trader on TDA.
TDA limits you to closing positions only and the only way out of it is to promise that you are not a pattern day trader, they actually record you saying it which is odd.
I’ve never had it happen a second time, so I don’t know whatthe policy is.
77Jeff C(TIMBUCKS: $59)
May 5th, 2008 at 12:23 pm
Shorted MESA this AM, in the event of a water landing…..
78Jeff C(TIMBUCKS: $59)
May 5th, 2008 at 12:26 pm
VNDA anyone?
79Jeff C(TIMBUCKS: $59)
May 5th, 2008 at 12:29 pm
AAI taking a beating too…ok I’ve got 3 TIMBUCKS now, I’m done for awhile.
80J-Mo
May 5th, 2008 at 12:31 pm
Woo hoo! Shorted LNG at $9.57 on 4/30. Look at it go!!!
81Jesse
May 5th, 2008 at 12:32 pm
Constantine was a POS movie :P It’s…kinda similar to a pump and dump - it got hyped, and then dumped on my eyes…
82investorslive(TIMBUCKS: $224)
May 5th, 2008 at 12:40 pm
SUNV showing some weakness here… lets see if it can hold $1.49x$1.50 test #1
83investorslive(TIMBUCKS: $224)
May 5th, 2008 at 12:44 pm
POP goes the weasel $1.37x$1.38
84YngvaiMalmsteve(TIMBUCKS: $593)
May 5th, 2008 at 12:53 pm
MESA appears to be fading
85sonid
May 5th, 2008 at 12:59 pm
correct me if i am wrong but this is the sideways price action we are looking for in LGDI
86monkiman(TIMBUCKS: $38)
May 5th, 2008 at 1:03 pm
got 15 cents out of FEED, nice $84…. just shorted LGDI at 4.62
87Christopher Cianci(TIMBUCKS: $24)
May 5th, 2008 at 1:07 pm
“wait till you see the white of their eyes”
88will_the_thrill(TIMBUCKS: $41)
May 5th, 2008 at 1:23 pm
watch out for stec, it’s an earnings play.
89Aegir
May 5th, 2008 at 1:26 pm
Tim nice tie you got there!
90Aegir
May 5th, 2008 at 1:28 pm
CLR >> doing a good job so far.
91JensGould(TIMBUCKS: $53)
May 5th, 2008 at 1:37 pm
check out them sell orders on lgdi at 4.65 youch!
92JensGould(TIMBUCKS: $53)
May 5th, 2008 at 1:41 pm
well there were two 50k share sell orders at 4.65
93timothysykes
May 5th, 2008 at 1:46 pm
LGDI is not the sideways price action i look for…yet, i was aggressive, going for and getting a morning spike and drop but that not where the big $ is made–ideal sideways price action is when the stock is barely up or down ont he day after a few big days as thats a sign a big fade will come in, pushing it bigtime negative on the day…here a fade could come in, but it’d still be up on the day…since it’ll probly finish up, it could/should gap/spike/squeeze early short tomorrow, making for another good shorting opportunity…understand?
94Ram
May 5th, 2008 at 1:50 pm
VNDA? Short or long?
95Michael
May 5th, 2008 at 1:57 pm
VNDA should have one more day up then a crash IMO
96sonid
May 5th, 2008 at 2:03 pm
great explanation and I thank you for that.
97Adam
May 5th, 2008 at 2:07 pm
Tim, that makes sense. thanks for the clarification in the sideways action. i thought it was just intraday sideways for a short period vs the variation (or lack there of) in closing price compared to the previous day
98jron(TIMBUCKS: $2)
May 5th, 2008 at 2:07 pm
Agree with you Michael. Probably more upside here before reversing. Could see the reverse at $6 or even higher. Thoughts?
99Bob the VC(TIMBUCKS: $237)
May 5th, 2008 at 2:10 pm
HDY- I get it Tim, I will not short surging penny stocks that have dipped and rebounded! LOL..
Anything not OB in play for this afternoon? I would have loved to have played with LGDi.. I say, can I play? But TDA say No way!
100J-Mo
May 5th, 2008 at 2:13 pm
With LNG these are the times where I wish I put more money in. So tempting sometimes to go for that homerun…
101Michael
May 5th, 2008 at 2:15 pm
Anyone looking to short SUNV here or will this have a gap up tomorrow.
102Christopher Cianci(TIMBUCKS: $24)
May 5th, 2008 at 2:17 pm
Short safe gains are always the way to go Jmo :)
103YngvaiMalmsteve(TIMBUCKS: $593)
May 5th, 2008 at 2:22 pm
I shorted SUNV at $1.49, got out at $1.26…right where it just bounced
104Michael
May 5th, 2008 at 2:38 pm
Damn I had shares available to short, was wiating for $1.50 and too late it didnt get back up there.
105YngvaiMalmsteve(TIMBUCKS: $593)
May 5th, 2008 at 2:44 pm
MESA…beautiful afternoon fade…I shorted at $1.03 (should’ve stuck with my original $1.07 but got scared out of it when it finished strong on Friday). Haven’t covered yet…still waiting. I’m afraid if I cover today I’ll get hit with a pattern-day trader alert. Anyone know how that works with TOS?
106ivegotstylekid(TIMBUCKS: $188)
May 5th, 2008 at 3:42 pm
Great job today guys. Tim in case you haven’t heard any mobile feedback I’m on my sidekick rigfht now at work, and the site looks great
107timothysykes
May 5th, 2008 at 3:45 pm
cool, thaks, glad the site’s working on mobile too!
108investorslive(TIMBUCKS: $224)
May 5th, 2008 at 3:49 pm
SUNV falling like a rock! LGDI losing momentum into close…
Nice trades today guys!
109bnbien(TIMBUCKS: $3)
May 5th, 2008 at 3:55 pm
VNDA flying high (+29% today), someone take that bird down!
110monkiman(TIMBUCKS: $38)
May 5th, 2008 at 5:24 pm
God bless u tim… i covd my short for IDGI, will look for it to spike tomorrow…. come on baby, spike back to $5
111monkiman(TIMBUCKS: $38)
May 5th, 2008 at 5:32 pm
LGDI…. typo. by the way, what do you think of APSG??? possible play or not worth it…….
112Jeff C(TIMBUCKS: $59)
May 5th, 2008 at 6:00 pm
YngvaiMalmsteve, love the teased big hair and your short of MESA, I’m still short at $1.11, had an appointment so I shoulda covered in the mid-80s, also your heyday!
113YngvaiMalmsteve(TIMBUCKS: $593)
May 5th, 2008 at 6:07 pm
Haha, Jeff. I should’ve covered in the mid-80’s too. Started bouncing back quick and I ended up covering at 0.93. Small profit but not as much as I would’ve liked. I should’ve just done it right away…I hesitated because of the pattern day trader rule. Of course, I didn’t know I had already been flagged anyway so it didn’t matter.
114noobtrader.08
May 6th, 2008 at 11:01 am
Tim,
When shorting do you prefer Market, Limit, or Stop?
Others chime in too. EDUCATE ME!! =D
115PETEKUSH(TIMBUCKS: $35)
May 7th, 2008 at 7:48 pm
bdco big moves!