May 2008 Review: The Only Real Mistake Is The One From Which We Learn Nothing

20 Responses

1. 1Max(TIMBUCKS: $22)

   June 7th, 2008 at 2:32 pm

   

   Unique visitors has not broken out, although the uptrend remains strong.

2. 2timothysykes

   June 7th, 2008 at 2:48 pm

   

   haha and i dont expect it to anytime soon, after all, i’m up $6k in 6 months, not exactly mind blowing, but as the $ goes up for me and my readers, we start getting more contributors, people see this isnt BS, the future is ours

3. 3marketwizards(TIMBUCKS: $5)

   June 7th, 2008 at 3:22 pm

   

   Good Morning Tim and all readers. I have kept an eye on Tims site for some time now and am pleased that someone finally got tired of the established manipulation and has been making an effort to educate the little guy. I assume most of you are fairly young. When I was young I didn’t listen to those older who had much more life experience and certainly would give anything to go back and do it over. I started out life as an orphan with nothing and no-one. During my lifetime I have had money and all the toys that go with it, and I have also through medical situations, lost everything and been desperately poor with no help from anyone. I have overcome that situation and have been back to trading for a while now. I have spent several years researching and educating myself on the markets and the U.S. and global economys.
   Tim is certainly correct about the manipulation, controlled media, purposeful mis-information given to the public. The old saying “Ignorance is Bliss” has some merit, as I am thankful for what I now know, but wish to God it wasn’t true and sometimes wish I didn’t know certain things.
   There are going to be some very major changes in America very soon that will affect life as you know it. I give Tim a lot of credit for helping expose the lies and manipulation in the markets. Once in a while, you need to step back and look at the overall world picture and you will realize that this situation is not only in the financial markets. I am not going to post all that I know here as this is Tims site and I don’t plan on using it as a soapbox. But if you want to even begin to gain an understanding of some basic principles that will give you a start at learning what is really going to happen, take some time out and go to youtube and watch (The Most Important Video You’ll Ever See) All 8 parts. You will learn some very basic truths and principles that will help you understand where the market is going and also where the world is going. Hopefully a few of you will watch all 8 parts and give some deep thought to the simple principles and if you apply them to all you see and read and hear, you will be much more able to discern the truth from the deception. This is only a start to your education. I can point you in the right direction but it is up to you to to have the drive and desire to learn what is really going on. If anyone takes the time to watch the videos, I would like to hear what you learned from them at least as they would relate to the market. Keep up the good work Tim. You can rarely go wrong on the short side.

4. 4ivegotstylekid(TIMBUCKS: $188)

   June 7th, 2008 at 3:41 pm

   

   nice month in review Tim, definetly one of the most education months I’ve gotten from you yet. i just finished going over the last dvd last night. I’ll be re-visiting them again this week as well. Although my account is so small I can’t afford 11 minutes with Ashlee Dupre, I’ll be learning a lot more now that I’m starting to understand all of this.

5. 5cash(TIMBUCKS: $104)

   June 7th, 2008 at 6:50 pm

   

   Tim glad to see your site is getting a lot more traffic then when i started to visit. How many damn hrs a day are you on the internet, cause I can not believe how much stuff you find.

6. 6Mike_13th

   June 7th, 2008 at 7:37 pm

   

   Hey Tim,
   You can add me to those Jeff Moates and Tony Ellis numbers.
   I did very well before I found you but nothing like now!
   Thanks for that.

   You can correct me if I’m wrong but from the comments I was first to bring SPDE TRX SOIS SOLI and PTEK here just this week.
   I only mention this cause there are more $$$$$$ making stocks out there than ROYL MXC FPP GRO NTI etc.
   And the cool thing is they are not that hard to find if one wants to put a little time and effort into this.

   Just watch for red on PARD SLAT HDLM END CHP INO MYSL HYHY PRC CYPW ( someone brought this to the site the other day ,credit to them,this is gonna be nice on red )PGOG ( agian credit someone else ).

   These are exactly the kind not followed by the “big boys”.
   Scr** them, I’m having my way with these kind.

7. 7cash(TIMBUCKS: $104)

   June 7th, 2008 at 9:10 pm

   

   Mike how long you been trading and do you go long and short?

8. 8AdamN(TIMBUCKS: $61)

   June 7th, 2008 at 9:22 pm

   

   Hello All,

   I recently discovered your site after seeing you on Wall Street Warriors and wanted to make a quick introduction to the group here.

   I am relatively new to the market and I just got my feet wet about 8 months ago. I started out with a small investment of $2,000 to begin my portfolio and decided that I wanted to start out trading penny stocks. I felt these stocks were the best way to generate the greatest return for such a small initial investment. But being the young 25-year-old, inexperienced, and naïve trader that I was, my very first trade in a penny stock resulted in a loss of $645. The reason I lost so much was because I did not research the company well enough and played them long. Long story short, the company filed for Chapter 11. Talk about being devastated, losing 33% of my hard earned money in a matter of about a week. Rather than just giving up right then and there I was determined to make money and was willing to risk it all, for better or worse.

   For the past 8 months I have been continually trading and researching my stock trades before just diving in head first. I have since added $5,000 more of my own money to my initial investment and have generated about $4,000 in net profits during that time bringing my current account balance to $11,000.

   Now, at 26 with $11,000 in my account, I can’t help but to make a few parallels to Tim and all the rest here on this site. After trying many different investment styles over the last 8 months, I have always been interested in pennystocking. Upon learning about this site, reading everything Tim has accomplished and studying his philosophy on pennystocking, I have reached the conclusion that his method makes the most sense to me. After watching the market for the short time that I have been trading, the one thing I have learned time after time, trade after trade, is that stock prices fall a lot more often and a lot faster than they do on their climb upwards, so shorting highly volatile stocks like the ones discussed here, seems like a very logically approach to me.

   I apologize for the long winded introduction, but I just wanted to toss my story out there for what it’s worth and I hope to start generating more consistent returns starting this month using Tim’s method like many of you have already started doing. I just purchased Tim’s book the other day and look forward to reading it. I have not yet bought the DVD, I am only going off what I have learned from all of you in the past week, but I do have plans to pick it up in the near future in order to learn as much as I can on Tim’s method. I’ll be sure to post my trades along with any earnings or losses I will have in order to add any further insight into this “addiction” called pennystocking.

9. 9Mike_13th

   June 7th, 2008 at 9:27 pm

   

   Hiya Cash,
   I’ve been trading for about 14 years and I basically stunk, using the same old same old that everybody else uses.
   Then I got in contact with an old friend Muddy,

   http://greenonthescreen.blogspot.com/

   who has been trading about 43 years now about 9 months ago and he mentored me and turned my trading absolutely around.
   The last 5 months I’ve averaged over 100% a month the last 5 months.
   And finding Tim’s stuff and his shorts has helped tremendously.

   Yes I go both long and short!
   Muddy’s taken his annual summer vacation and now I’m filling in on his blog and live chatroom.

10. 10cash(TIMBUCKS: $104)

    June 7th, 2008 at 9:47 pm

    

    Mike thanks for the info and I will surely check out the blog. So when you say you trading for 14 yrs was trading your only income at the time and that what you do full time now?

11. 11Mike_13th

    June 7th, 2008 at 9:57 pm

    

    Timmay I see you talked about PARL in your LiveStock vide.
    Why do these guys want to short into a earnings play is beyond me?
    Hopefully these folks can open up to some new ideas that makes real money ( and pretty darn fast too )

    Here’s how I played it along with some other trash talk:

    There were some very late premarket leader board hits that ran awesome right after the opening bell this week:

    From live chat Tuesday:
    (Jun 03-09:26) 13th_FLOOR: SPDE just hit
    (Jun 03-09:32) 13th_FLOOR: SPDE 1.75
    Jun 03-09:35) 13th_FLOOR: SPDE 2
    (Jun 03-09:37) 13th_FLOOR: SPDE 2.20
    (Jun 03-09:38) 13th_FLOOR: 2.40 SPDE
    (Jun 03-10:21) 13th_FLOOR: SPDE 2.57
    (Jun 03-10:21) Laura: shew, SPDE a double
    (Jun 03-10:23) 13th_FLOOR: SPDE 2.98 weeeeeeeee
    (Jun 03-12:16) 13th_FLOOR: SPDE 3 hit
    (Jun 03-12:17) omar: nice call on spde
    (Jun 03-12:17) 13th_FLOOR: thank you
    SPDE went on to hit a hod of 3.25
    SPDE was also a former 0 vol stock that I’ve spoken of quite often.

    (Jun 03-09:28) 13th_FLOOR: BSHF just hit
    (Jun 03-09:49) 13th_FLOOR: very late hit pre BSHF near hod
    (Jun 03-09:49) 13th_FLOOR: that was pump awhile ago
    (Jun 03-09:50) 13th_FLOOR: is hod now 1.89
    (Jun 03-09:54) 13th_FLOOR: BSHF at 2
    BSHF opened at 1.64 and closed right near hod 2.03

    From Thurs:
    (Jun 05-09:17) 13th_FLOOR: PCYC just hit,news
    (Jun 05-10:43) Laura: PCYC nice call 13th, up 21% now, 1.27
    (Jun 05-13:25) 13th_FLOOR: plus i love IB pre board
    (Jun 05-13:25) 13th_FLOOR: you can scan by amount of time in list
    (Jun 05-13:25) 13th_FLOOR: thats how i caught PCYC today
    (Jun 05-13:38) johnnyvento: what the hell PCYC
    (Jun 05-15:53) johnnyvento: PCYC jiggy at the close
    (Jun 05-15:53) 13th_FLOOR: PCYC again now 1.54
    (Jun 05-16:02) johnnyvento: PCYC ends on hod even w/ all the selling pressure
    PCYC closed at 1.55 from 1.07 open.

    From Fri:
    (Jun 06-09:30) 13th_FLOOR: ROYL late hit
    (Jun 06-09:35) 13th_FLOOR: ROYL going some
    (Jun 06-09:36) 13th_FLOOR: ROYL nice so far
    (Jun 06-09:40) TomT: there goes ROYL
    Opened at 9.05, hit hod 10.25

    (Jun 06-09:11) 13th_FLOOR: destroyed last 2 days DESC just hit pre leaders
    DESC opened at .165 , hit high of .2199, closed at .20
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    Oh and I short ones up huge (20%+ )on pre board and that in the last 5 mins before the open start to come down fairly quick as did ISPH if anyone was watching it in pre.

    (Jun 06-09:49) 13th_FLOOR: shorted 6.4 ISPH
    (Jun 06-10:13) 13th_FLOOR: yes i got out 6 from 6.40
    (Jun 06-10:13) 13th_FLOOR: may try again in 5.80’s if
    (Jun 06-10:31) SlowPoke: i shorted ISPFH @ 5.85(Jun 06-10:31) 13th_FLOOR: me too aqgain short 5.85
    (Jun 06-10:56) 13th_FLOOR: ISPH might break 5.7 downside,if does i think to 5.50’s
    (Jun 06-10:58) sheezo: here we go ISPH
    (Jun 06-11:13) omar: 13th are u still holding isph
    (Jun 06-11:15) 13th_FLOOR: yes
    (Jun 06-13:24) TomT: damn ISPH IS down
    (Jun 06-13:24) TomT: well was down to 5.10
    (Jun 06-13:24) 13th_FLOOR: ISPH more down
    Reshort at 5.85, covered at 5.25
    16% total short profits on ISPH
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    Also I look to go long on any of the top 10 or so preleaders in price PLUS volume that have reported earnings since yesterdays close.
    my list to scan were:
    ISPH TMWD PARL MBRK XJT NSM FPP ONXX NOG PDO

    PARL fit the bill perfect:
    5:01 p.m. EDT June 5, 2008
    Jun 05, 2008 (MARKET WIRE via COMTEX) — Parlux Fragrances, Inc. (PARL:
    announced its results for the fiscal year ended March 31, 2008. Sales from continuing operations were $153,696,374 compared to $134,365,094 in the prior year, an increase of 14%.

    (Jun 06-09:40) 13th_FLOOR: PARL hod 4.26
    (Jun 06-12:51) 13th_FLOOR: PARL not stopping on earnings
    (Jun 06-12:52) TomT: damn it just hit 5.
    PARL opened at 4.21, hit hod 5.19, closed at 4.90
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

    and go short on “fluff” news ones when they hit red
    TRX fit that bill:

    (Jun 06-08:24) 13th_FLOOR: TRX kinda fluffy news imo yest,watching for red
    (Jun 06-09:34) 13th_FLOOR: TRX nice red
    Opened at 4.92, hit lod 4.34, closed at 4.46

    Alot of different ways to make money in the markets,just gotta find yours i guess

12. 12Mike_13th

    June 7th, 2008 at 10:02 pm

    

    Cash,
    I worked those 14 years and in the last 9 months I got laid off,luckily it turns out.
    I’ve been trading fulltime these last 9 months and have tripled my yearly working income in that time.
    And no gasoline bills going back and forth to that crappy job,ha

13. 13YngvaiMalmsteve(TIMBUCKS: $593)

    June 7th, 2008 at 10:47 pm

    

    You guys GOTTA listen to Mike13th and go in his chat room. I’m kicking myself for the past few days. I was in the chat room when he mentioned the PCYC and PARL prehits, but I hesitated to buy them and missed some awesome moves that, in just a few days, would’ve wiped out a big chunk of losses I suffered last month during my whole “initiation” and learning of this game.

    Bottom line is, on Monday, if he mentions any good prehits that go green on open, I’m in.

14. 14cash(TIMBUCKS: $104)

    June 7th, 2008 at 10:48 pm

    

    Mike I hope it keeps working out for you and you never have to go back to work. Good luck.

15. 15cash(TIMBUCKS: $104)

    June 7th, 2008 at 10:50 pm

    

    Just got a spam fax at work. RVBF.OB Man from what this fax reads this is the next Exxon. People really believe all this crap?

16. 16Fantom(TIMBUCKS: $197)

    June 8th, 2008 at 12:01 am

    

    Thanks to Tim and family I’m up 23%.

    Here’s some plays;
    odp, idti, sino

    How can you check the volume for the day and tell if it was more sellers than buyers?

    Thanks guys.

17. 17hottpotat0

    June 8th, 2008 at 5:02 am

    

    one of the most helpful things i have read is the “Reminiscences of a stock operator”
    seems like gospel=expose on the wranglers of markets past-bucketshops today are the “-trades” put whatever name in front and you got it or at least i do now-
    so what are the trades for monday morning???

18. 18Rambone

    June 8th, 2008 at 10:38 am

    

    YngvaiMalmsteve,

    Where is Mikes chat room?

    Thanks

19. 19YngvaiMalmsteve(TIMBUCKS: $593)

    June 8th, 2008 at 11:15 am

    

    Go to Timmay’s recent “Heroes” blog. He’s got a link near the beginning of the blog.

20. 20Mike_13th

    June 8th, 2008 at 1:41 pm

    

    Cash said: “Just got a spam fax at work. RVBF.OB”

    Thanks for the tip.
    And LOOKIE RVBF a “former 0 vol stock”.

    Just the kind I’ve said in past that when you find them and if they start to run on some vol you can almost ALWAYS assume they are being pumped somewhere by somebody!