Hot Stocks: Vivus Inc (VVUS), Third Wave Technologies Inc (TWTI) & More!
CabelTel International Corp. (GBR) and KENTUCKY USA ENERGY INC (KYUS) are the stocks I’m targeting to short today…GBR because Friday was its first down day—which I missed due to LiveStock—even if the spread is ridiculous…hopefully there’ll be an opening spike due to oil…KYUS didn’t finish red, but the momentum definitely suffered, let’s see how many more mailers these guys can send out, can’t go on forever.
I also missed the roller coaster known as Sino-Global Shipping America, Ltd. (SINO)—all you people buying Friday afternoon are just complete morons. Seriously. Have I taught you nothing? Why the hell would you ever buy a speculative company that’s already risen so much, especially when it cracked support at $24? Did you believe the message board hype? You really haven’t watched my PennyStocking DVD yet, have you? For shame.
Then there’s the royally volatile oil-related plays Mexco Energy Corporation (MXC), Pyramid Oil Company (PDO), Fieldpoint Petroleum Corporation (FPP), Solarfun Power Holdings Co., Ltd. (ADR) (SOLF), China Precision Steel, Inc. (CPSL), Pacific Ethanol Inc (PEIX) and Royal Energy, Inc. (ROYL)…all up a ton, down a ton, now bouncing…think of these stocks like bouncing balls on a wooden floor—the momentum will gradually die out, but its exacerbated by long-term-minded shorts who get squeezed…I might buy ‘em on any breakout, short ‘em on breakdowns, obviously leaning towards the short side…
Vivus Inc (VVUS) is up 40% on positive drug news, with a few intraday dips, news ain’t that big, expect more dips, possible bigtime reversal, still not up enough to get me really excited to short though
Third Wave Technologies Inc (TWTI) is the only one worthy of getting its chart shown cuz it’s a perfect breakout of $10…last breakout it went from $6 to $10 in 3 months, let’s see how far this one goes
NWOOF is a gray sheet, not even up to pink sheet level, so they had some oil news, not up enough to do anything about it and I can’t even see its intraday price action
Last but certainly least, ECHO SATELLITE COMMUNICATION (ECSC) is up a bit so I’m keeping an eye on this pile of dung.
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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%)
1sonid(TIMBUCKS: $49)
May 27th, 2008 at 8:39 am
its going to be an interesting morning since I think everyone will be waiting to see what the energy plays do this week. I’m keeping an eye on FPP this suckers going to get crushed sooner or later
2timothysykes
May 27th, 2008 at 8:45 am
yah also market moving news at 10am
3Webster(TIMBUCKS: $74)
May 27th, 2008 at 9:08 am
Interesting on FPP is that for the past week or so tons of premarket volume and it is very quiet this morning
4YngvaiMalmsteve(TIMBUCKS: $593)
May 27th, 2008 at 9:28 am
No KYUS avail to borrow this morning. I am short GBR though…shorted it at $10.70 in the last hour of trading on Friday. Also long a couple of Fous’s picks (which I won’t mention here)
5timothysykes
May 27th, 2008 at 9:34 am
short the first down day works like a charm again on GBR, no matter the ridiculous price spread…can’t find any KYUS to short, anybody else get a borrow?
6timothysykes
May 27th, 2008 at 9:37 am
Yngvai, mention your look picks, if they’re any good, we won’t short em
7investorslive(TIMBUCKS: $224)
May 27th, 2008 at 9:37 am
scarce for sure
8timothysykes
May 27th, 2008 at 9:38 am
and even if we did, our shorting into any quality long pick would just help u cuz it might create a short squeeze
9investorslive(TIMBUCKS: $224)
May 27th, 2008 at 9:41 am
Its ARCA vs World just like MXFD is/was on kyus
10Bob (VC)(TIMBUCKS: $237)
May 27th, 2008 at 9:59 am
Anyone watching IMGR? It’s up over 200%, but it’s on semi-real news.
As for Fous picks, I’m going to guess Yngvai is talking about one of these CHTL,TSRA, UNCL I’m not a Black Service subscriber, but he (Cameron) left those floating on the TIMTV chat log, so that makes it public domain as far as I’m concerned.
11YngvaiMalmsteve(TIMBUCKS: $593)
May 27th, 2008 at 10:02 am
Covered my GBR position at $8.31 for a nice $219 profit after commissions. Not bad for a small $3700 account.
12timothysykes
May 27th, 2008 at 10:03 am
nice yngvai, love it when perfect shorts work out!
13Bob (VC)(TIMBUCKS: $237)
May 27th, 2008 at 10:07 am
TDA wouldn’t let me short GBR. Gave me some message about opening positions for that security need to be placed with a broker.. blah blah..
14investorslive(TIMBUCKS: $224)
May 27th, 2008 at 10:09 am
Looks like Livestock found the top of KYUS ;) ba boooooooom
15Fantom(TIMBUCKS: $197)
May 27th, 2008 at 10:09 am
I’m learning Tim, I called those two this weekend. Thanks.
16YngvaiMalmsteve(TIMBUCKS: $593)
May 27th, 2008 at 10:19 am
Uggg…I just hate to see GBR tanking even more after I covered :(
17SemperTrader
May 27th, 2008 at 10:20 am
look out below!
18timothysykes
May 27th, 2008 at 10:21 am
investorslive, u find any shares to short?
yngvai, amazing how fast these things can crumble, right?
19JeffMoates(TIMBUCKS: $258)
May 27th, 2008 at 10:23 am
GBR is on TDA’s suspicious trading list. When a stock goes on there you just have to call for any opening trading move. Regardless, they have no shares to short. Checked early this morning.
20investorslive(TIMBUCKS: $224)
May 27th, 2008 at 10:30 am
Friday mid day there was many (during your livestock chat) towards the end of the day they went scare and none this morning
21Bob (VC)(TIMBUCKS: $237)
May 27th, 2008 at 10:35 am
Thanks for the info Jeff
22Anthony Brown
May 27th, 2008 at 10:35 am
Wow! KYUS is down to 3.15 right now! During your Livestock show, that guy in the chat room said wait until it breaks 4.20.
Whoever got KYUS shares is having a good day today!
23Bob (VC)(TIMBUCKS: $237)
May 27th, 2008 at 10:38 am
Turns out I can halt any momentum by buying into positive, or short selling negative… I had no idea I had such power. Just scalped GBR for a whopping $40..
24Bob (VC)(TIMBUCKS: $237)
May 27th, 2008 at 10:39 am
Make that above GBR an SPF..
25Michael Goode
May 27th, 2008 at 10:44 am
Well it looks like I’m the only one with KYUS shares short — I’ve been short since last week, average price around $3.83. Not finding shares of these junk stocks to short at the perfect time is why I like to play them longer-term, although that often leads to short-term pain. Of course, my profit from KYUS today is just enough to cover my loss on MXFD today. Thanks to Investorslive — I think you were the first to mention KYUS.
26Michael Goode
May 27th, 2008 at 10:47 am
Ooh, nice crash in GRDB today. That is what happens to many pumped penny stocks and why you can never INVEST in them (although you can speculate in them). I blogged it yesterday on the Motley Fool CAPS (see the URL linked from my name above).
27Fantom(TIMBUCKS: $197)
May 27th, 2008 at 10:56 am
CLWR short 350 shares for 140 profit
Thanks Tim
28GabeC
May 27th, 2008 at 10:59 am
Got a nice scalp of SPF.
In @ 3.03 out at 3.47, and its still going, wow.
Thats some straight vertical action. Had some GBR reserved but I always miss those damn morning panics. O well
29YngvaiMalmsteve(TIMBUCKS: $593)
May 27th, 2008 at 11:14 am
My target exit on 100 shares GBR was near $8, figuring support at that level. When it fell to $8.31, there was a big bid/ask spread…and I figured it may not crack much beyond $8 and what’s an extra $30 profit or so? So I covered…only to see it later fall all the way to the low $7’s before bouncing. Still, a good trade for me in both choice and execution.
30Bob (VC)(TIMBUCKS: $237)
May 27th, 2008 at 11:48 am
Gabe, nice scalp on SPF- sorry I single-handedly halted the momentum on that one :)
Michael, you’re currently ranked #16 on CAPS! That is pretty damn impressive. I’ve been as high as the 97+ percentile, but no were near the top twenty overall. I pretty much stopped tending to it a few months back, but have managed to stay above 90% the whole time. Maybe I’ll jump back in (my knowledge is a bit higher now than when I joined CAPS).
31Webster(TIMBUCKS: $74)
May 27th, 2008 at 11:53 am
Volume is down across all of the oil stocks, might be setting up for a nice afternoon fade.
32timothysykes
May 27th, 2008 at 12:03 pm
new post:
http://www.timothysykes.com/20.....-inc-trlg/
33M
May 27th, 2008 at 1:47 pm
Tim,
Do most of these short plays end up dropping more like a bouncing ball (like MXC, PDO and gang), or like an anchor straight back down?
And if you can, maybe you could explain the different indicators in the charts that would signal an anchor type drop or a bouncing ball type drop. Or maybe there is no way of knowing?
Great calls this morning!
34timothysykes
May 27th, 2008 at 2:00 pm
M, all on my DVD….patterns dont change much, just stocks and players
35bill
May 27th, 2008 at 4:50 pm
Where can one see all stocks that are making new 52week high?
36noobtrader.08(TIMBUCKS: $160)
May 27th, 2008 at 6:39 pm
Tim,
Still haven’t received my DVD package… but I trust that it is in transit.
Ideally, with our student/teacher relationship, I would like to “think” like you when trading penny stocks. More specifically, any “good” student eventually surpasses their teacher because the student will take everything the teacher has learned and taught and then combine this knowledge with his/her (the students) own theory/thinking.
The “teach a man to fish” metaphor comes to mind here or even the Karate Kid… you know what I mean…
Let’s say one day down the road you ask one of your “students” to submit research on company “X” because you’re going to post that students research as a featured article on your blog for all your readers to enjoy (this is all hypothetical mind you); in order for that student to meet or exceed your expectations, which I imagine you’ve set very high for yourself, he/she would, theoretically, have to “think” like you.
That said, when I read ALL your articles, I always find myself wondering WHERE DOES HE GET ALL THIS INFORMATION FROM?!?! HOW DOES HE KNOW THIS STUFF!?! Yes, I understand like anything, that time is of the essence and that as time passes you pick up “tricks of the trade”. This art, like most, takes some common sense, but lots of dedication and research.
Now, the first two components I have (common sense and dedication), the research part I have little clue, but I can learn! That is the root of this WAY-TO-LONG-of-a-post question(s)…
I recall you writing an article some time ago that pointed where you do your research. I believe some of these sites are at the bottom of the home page too…
My questions are –
Can you post a link to the article I refer to above? (Or you could say Noob… if you want it bad enough, go find it yourself! Tough love, I’m used to it.)
&
When I go to these wonderfully knowledge-wealthy sites, what am I looking for specifically? I know when YOU are browsing these sites there are certain pieces of information you look for aka “RED FLAG” indicators which point out this - piece-of-shit-company-“X”-is-going-to-shit-the-bed-and-put-money-in-my- pocket; you see these variables line-up, you short (most of the time).
I want this ability too. Can you elaborate specifically on what you look for when you go to these sites to do your research? If this information is covered in your DVD, I’ll watch it first and then come back to you with questions.
Thanks in advance.
37timothysykes
May 27th, 2008 at 7:16 pm
yah DVD was shipped last week, forgein orders take longer…as for guest posts, i dont care how somebody thinks if theyre successful. who knows if my theories are correct, but the fact that any people are now profiting from them gives them credibility.
the dvd covers what i look for in stocks
38noobtrader.08(TIMBUCKS: $160)
May 27th, 2008 at 7:36 pm
thanks dude.
i’ll hit you up with a few Q’s after I watch the DVD.
My next book is Reminiscences of a Stock Operator, looking forward to it.