10 Piece Of Crap Stocks, Gotta Love Trading ‘Em, The Patterns Are Soooo Predictable!

Posted by timothysykes on Tue 15th of Jul, 2008 09:25:07 AM

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After all, it helps to have failing/fledgling or no business whatsoever so as not to get in the way of hype and manipulation!

Curis, Inc. (CRIS) is breaking out soooooooo gradually, doubt it goes very far, multi-year downtrender, has spike to $2 in the past

Allos Therapeutics, Inc. (ALTH) is barely breaking above 2008 highs, but still is 50 cents away from 2007 highs, don’t underestimate it though

MNLU keeps going, clear and defined breakout at $6, watch it soooooo closely, probly my favorite breakout play as it could really pop 50 cents-$1/share within a few minutes/hours

CHGY is a Lebed pump, definitely reserve shares to short this junk

CMIN is one I highlighted yesterday, look at that breakout continuation, 6 cents/share, wooooo hoooooo, screw that, booooooooring

IDAE as you’ll see in a blog post later today, I gave this one fifteen minutes at the open yesterday to impress me, it didn’t, so I took a $600+ profit…it sagged a bit but finished strong on strong volume…not surprising as every TIMalert is a multi-day setup aka ideal so the longer you hold the better, although today will probly be the 3rd big white candle so it’ll be interesting to see how it squeezes shorts more, fades or goes sideways…maybe a 50% crater coming soon like LBAS/MXFD early in their patterns?

FOUR is an illiquid spammer that’s breaking out like a badass, LBAS/MXFD-style

Meridian Resource Corp. (TMR) is a breakout play I highlighted to TIMalert subscribers yesterday afternoon…watch it, even though it moves slower than a turd after an all you can eat burrito buffet

GREEN EARTH TECHS INC (GETG) just keeps going, no matter that there’s no SEC filings, they’ve got one o f the most hyped up piece of crap products in recent memory and are almost guaranteed to be a $200 million fraud…just watch it, who knows when it’ll be a good short

Qiao Xing Universal Telephone, Inc. (XING) & QXM are earnings plays so I defer to Mike…I’ll stick with my frauds…or wait, considering these two Chinese mob fronts (blatant speculation/wishful thinking…I’m just bored with the lack of pumps right now so I’m trying to inspire other crime families to partake!) companies reputations, or lack thereof, I gotta clarify—I prefer frauds that are currently being manipulated.

Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!

Related Reading

Timmayyy’s 20 Totally Tubular Tickers To Trade Through Thinkorswim Today To Thursday May 7, 2008
10 Stocks To Consider Short Selling, I’m On Fire So Pay Attention July 3, 2008
10 Rotten Stocks, I Mean Dirty Rotten Scoundrel-Type Stocks, Great For Trading! July 16, 2008

1

UFgemini - July 15th, 2008 at 9:37 am

wow…thank god im not in financials right now…seems to me the suicide rate will climb to an all time high today
2

timothysykes - July 15th, 2008 at 9:39 am

yeah an its ugly right now, just stay in the game as others fall by the wayside
3

GAVIN - July 15th, 2008 at 9:46 am

What does that mean 50% crater? A 50% drop? I would love to see that right now. I want to buy IDAE and hold for a few months but not at the manipulated price it’s at now.
4

A - July 15th, 2008 at 9:50 am

Hey Tim,

I am thinking about getting the TIM ALERTS but am not sure if it is ideal for large accounts (>$25,000). One of your 37 key points to successful trading is to “Never account for more than a few percent of daily trading volume.”

How can you grow a large account substantially if most of these issues on your alert have 100,000 to 500,000 daily trading volume. If you have a $100,000 account and trade with 30% position size, you are going to account for 25%+ of daily trading volume on a lot of those penny stocks?

Did a search on your site to see if you did a blog post on this subject but appears that you haven’t addressed this.
5

beinggreat - July 15th, 2008 at 9:51 am

I’m still holding 300 IDAE @ 2.35. thoughts?
6

A - July 15th, 2008 at 9:52 am

How could you possibly discretely build a position in ANY of these microcaps without showing your cards if you have a large account?
7

timothysykes - July 15th, 2008 at 9:55 am

A–its good up to a few hundred grand…the more $ u have, the more selective u’ll be…but u could easily play with 20-3k shares of IDAE, or stick with more liquid stuff like HYGS…or just reduce position size…so many angles from which to profit, just gotta get in the game
8

PCola - July 15th, 2008 at 9:56 am

A, that’s the whole reason he says his method is not scalable, and why he’s not still running a hedge fund. You CAN’T put huge amounts into some of these (there are some of his alerts that are highly traded, but not all). So he’s basically trying to help the little guy.
9

A - July 15th, 2008 at 9:57 am

Thanks
10

timothysykes - July 15th, 2008 at 10:03 am

haha “discreetly build a position” nah dude, u just buy or sell and buckle up cuz its gonna be volatile
11

GAVIN - July 15th, 2008 at 10:05 am

beinggreat, hold it until it breaks 3. We’ll see 3-3.10 today maybe higher but the hype isn’t going to carry for long. Sell it at 3 and buy it back when it falls back to 2. But it might be a longer hold next time depending on when the company starts getting some press
12

Fantom - July 15th, 2008 at 10:12 am

Shorted crme 400 shares for a quick 130

No more financials for me, too manipulated.

Thanks Tim.
13

chasdabigone - July 15th, 2008 at 10:14 am

tim while u had a hedge fund did u ever try to break prices thru support to get people buying or the opposite with short selling
14

eb - July 15th, 2008 at 10:22 am

Aaaaah Tim….after following you for quite a while, I think I am seeing the light now. Microcaps plus discipline plus patience equals profits!
15

pumacom - July 15th, 2008 at 10:26 am

SQNM on fire again…
16

beinggreat - July 15th, 2008 at 10:34 am

Thanks Gavin
17

Get Shorty..... Reloaded - July 15th, 2008 at 10:46 am

I am short 300 shares on gigm (@11.91), considering closing now at$11.10, however, I am looking how it cut through 11like butter a few day ago.

I guess I’ll just close it and re-short if it does break 11, any thoughts?
18

HoustonBIZ - July 15th, 2008 at 10:52 am

damn i’m making a killing on NPIA in at .016 love these micros…. what do you think UFgemini?
19

TraderT - July 15th, 2008 at 10:58 am

FPP looks like its breaking suppport slowly..
20

timothysykes - July 15th, 2008 at 11:05 am

new post:

http://www.timothysykes.com/ti.....0-billion/
21

UFgemini - July 15th, 2008 at 11:06 am

houstonbiz….a killing?….isnt the bid only at .02?…ill def. be watching this one
22

Get Shorty..... Reloaded - July 15th, 2008 at 11:09 am

Closed GIGM at 11.10 and 11.18, now I am long, in at 11.26, wish me luck… playing the squeeze here…. buahahahaha (evil laugh)
23

HoustonBIZ - July 15th, 2008 at 11:18 am

I sold half off at .025 then reloaded at .017… so percentage wise it was very nice, but I wanted your eyes on this one cuz i know how you are about calling these breakouts.
24

thebabyfacedtrader - July 15th, 2008 at 12:03 pm

Tim, when the big time financials turn into penny stocks, do you think they will be playable?
25

timothysykes - July 15th, 2008 at 12:41 pm

no cuz theyre still big companies with funds and lots of variables….just as penny stocks that go up will still be playable cuz theyre still scammy and have few products
26

Sean - July 16th, 2008 at 12:53 pm

Hey Time great stuff, I’ve been playing HYGS the past several weeks. How do you feel about ANIK?… low volume very volatile and the past 4 times earnings have come out, the stock seems to soar for a couple days… think the trend will live on? Thanks!

Start Here

Who Is Timothy Sykes And Why Should I Care?

See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.

Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $27,000 even though the stock market is down 20%!) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes.

How Can I Consistently Make Money In The Stock Market?

Hard work, Determination and Know How.

Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

Determination to seek those probable profits out and know how in order to actually profit from them.

Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

Why Penny Stocks?

As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 900+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.

Where Do You Find Stocks To Trade?

This is the #1 FAQ (see more HERE) and it is answered in THIS blog post.

Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!