Manipulation Monday: 9 Stocks Me Likie To Short Sell…Eventually
Posted by timothysykes on Mon 18th of Aug, 2008 10:21:38 AM
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Weird weekend—no video shoot on Saturday due to family emergency, guess this video is just cursed…nah we’ll do it when I get back from Japan…speaking of, it’s consuming all my time as I leave this Wednesday…don’t worry, got my entire trip planned around internet cafes, girlfriend not gonna be happy, but TIMalert subscribers will be!
ZYXI just keeps going higher and now it’s an earnings play. God love em…longs beware, I think this runup is being constructed, no different than APII, FEED, all the little crap companies that wanna raise $/use their stock for acquisitions…its magnificient artwork…their latest earnings report hints:
“For this reason we may raise additional capital through debt or equity financing in 2008 or 2009.”
But please please don’t listen to me, I don’t want this thing to go down, nor even slow down, I love this vertical action, gonna make a great short…one day. Obviously woulda been great to buy and hold, but I suck at that…deal with it.
FOUR is the latest to display CNEX-type probable fraud collapsing price action…don’t blame the shorts—although many will—this is how quickly frauds can collapse, quit your bitching longs, just LEARN THE GAME ALREADY!
IDMI continues its breakout, if I was any good at buying, I might have considered it, but since I know—and you know—I suck at that, I’ll just wait for this one to show signs of breakdown, as it inevitably will.
APII rebounded sharply, great! Despite my awesome TIMalert (see it HERE), my exit on my short was so bad, I coulda covered now and I still woulda made an easy 20%. Naïve longs think I have something against this company—or any other—they don’t understand I just play the price action/variables the way I see them and judging by my fully verified/detailed/transparent results (see HERE), my strategy is better than most. I hope this thing goes to $100, that’ll just give it more eventual downside, still only a $20mil company, waaay too low for a longterm short.
PMI is one newbie shorts are holding onto—mostly cuz they don’t understand the difference between shortable and scalpable news/patterns.. this was a good scalp, but the news is positive and the stock ain’t up enough so until it cracks $4 support, it’s a bottom and it’s likely to squeeze just like NOBL at $5.
RDN might be a finance play, but it’s a classic stair step pattern—you know, the one detailed in my PennyStocking DVD…c’mon you knew I had to remind you! Lots of resistance coming up, but the ris is so gradual, only times to really short would be if and when the frequent intraday sideways price action cracks to the downside ie if it holds $4 for a while, but then cracks, I might try to ride the wave down to $3.50…lots of ifs though
GPIC is another earnings spiker, very illiquid, no resistance til $7, keep it on your watchlist
MITI has positive drug news, if I wasn’t at the Passport agency, I’d have seen that clean breakout above $5….look at that intraday graph, perfect breakout to $5.25, even a nice consolidation back to $5, breakout again to $5.50, consolidation to $5.25, now that’s a perfectly strong intraday pattern—possible gap up today…where were you guys? my dvd peeps shoulda been all over this, if you weren’t you’re just lazy.
APP had solid earnings, but that’s a tough chart pattern to breakout of—bitter shareholders everywhere, very similar to LULU, no thanks for me.
Now you can Twitter any questions/comments to TIMhelp and obviously you can follow TIM on twitter too!
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TIM Alerts
View All| Date | Stock | Position | Ideal Exit | % Gain |
|---|---|---|---|---|
| Nov 24 | KVHI | Short | $3.70 | 18% |
| Nov 20 | STSX | Short | $3.10 | 11% |
| Nov 18 | PERY | Short | $3.75 | 25% |
| Nov 11 | IIJI | Short | $2.80 | 5% |
| Nov 6 | CVI | Short | $4 | 15% |
| Nov 5 | MECA | Short | $1.95 | 51% |
| Nov 4 | CVI | Short | $4.81 | 4% |
| Nov 3 | NAK | Short | $3.20 | 5% |
| Oct 29 | EVC | Short | $2 | 26% |
| Oct 28 | HSNI | Short | $6.80 | 7% |
| Oct 28 | HSNI | Short | $5.75 | 4% |
November: 9 alerts, 15% avg gain
October: 11 alerts, 14% avg gain
hey UF Gemini, thanks for the props, and yes, ABK was lucky :) Also, I replied to you on Covestor, but I wouldn’t buy CBAY if i were you. It will tie your money up for a very long time, since there is no bid you can’t sell it. It may run, but given your situation, it’s not a good risk/reward IMO.
And I don’t mean to burst your bubble, but in the spirit of “tough love Tim”, I have to say i don’t see you staying high on the covestor list for very long. I, and many others who have been doing this for a long time, have tried the sub-penny route, and almost invariably end up going back to “more expensive” stocks. And it’s for good reason.
Honestly, hitting FFGO, RUNU, and HTOG was probably the worst thing that could have happened to your growth as a trader, because I can almost guarantee that you will lose most or all of your money in the next few months chasing the “next” big winner. I’ve seen it a million times. EVERYONE swears that THEY are different, and that they will continue to be successful for one reason or another, and as I said, invariably, they either lose it all or switch strategies.
I’m pretty sure I’ve never had anyone listen to my advice, so I’m not expecting you to be the first, but hopefully I’m wrong. I’d love to come back here in a fwe months and see that you’re still near the top of Covestor, but experience tells me if I log in to Covestor next summer I will see someone with a large negative number in their annualized return, and no trades in months since the account was abandoned.
Prove me wrong!
Don’t look like much is developing for short oportunities. MITI if it wasn’t up on drug news looks like it has potential for sideways fade into it’s first down day. Other then that the rest are moving higher, hopefully there a breakout to catch that or short in the next couple days.
Thats why, except for my GCOG trade, I cut my losses quickly as detailed on my website. Most people “GO LONG” on pennies and sub pennies, which in my opinion is the wrong way to go. I usually have an exit strategy on my entry.
I will prove you wrong and everybody else that has lost their entire investment playing these sub pennies. :)
UF, you’re already rationalizing by saying “except with GCOG”. Discipline requires no exceptions. If you’re making exceptions, you’re not following your plan, right?
I see a nice Press release coming in for GCOG…thats the only reason im still holding it. I only see this one going up from here based on all the DD I have done.
hey we all make mistakes in trading….part of that is learning from our mistakes. We will soon see if GCOG is one of those mistakes.
Stop losses are a practice I use alot of the time and will save my ass if this thing tanks.
Its gambling on sub pennies more than usual, high risk equals, well you know the rest.
if high risk really meant high rewards, people who played sub-penny stocks would all be millionaires. Instead, most lose their money and quit trading. You holding much of your portfolio in that one?
I hope it runs for you, but I’m worried you’re going to let ego get in the way of good trading.
One of the problems I see with Covestor (and simply just telling people about your trades) is that an additional psychological layer sets in - namely our need to be right. Traders shouldn’t care about being right, I know I don’t care about that, I care about making $$, which often requires quite literal position reversal. I’d likely be much richer if I had the ability to flip my thinking 180 degrees on a moment’s notice - for example, I often exit my less-profitable to small-loss short trades at excellent places to go long after the price action tells me it is time to cover, but I NEVER go long after that sort of situation occurs.
Trades don’t make good spouses, and is there such a thing as an ‘investment’? (rhetorical question)
and I know you will. BUT YOUR PICKS ARENT EVEN GOOD FOR 20c now. Thanks Im underwater again on your most recent blunder call FOUR. I told you all your subscribers are eating each other alive. Just give us our money back, please. DO THE RIGHT THING
So I guess my real question for UF is - what would make you go short GCOG? maybe you should have already been short
toughguy, dont ever trade based on my trading, and yes, i lost $ on FOUR, welcome to trading…if u cant handle taking losses u should be in this game. as for doing the right thing with your money back, r u firggin insane? whether i’m right or worng i work my ass off, and i get paid for it…when u get a bad meal at a restaurant do u expect it to be free? if u dont like my stuff, just dont subscribe, dont visit my site, see ya
Will you refund my subscription money?
laughing out loud
just wait for the perfect setup, or a supernova chart, stop trading randomly everyday
Max…I am not short GCOG, I am long GCOG, at least for now.
Also, when people post what they have made on a trade, how are we supposed to believe them? Thats where Covestor comes in. Sure “our need to be right” sets in. So what. This makes you credible in a market that is known as scummy. Whats wrong with that?
People need to stop bragging about profits from trades if they cant back it up. Otherwise, How the hell can we tell if they are truthful or not.
What was the call on FOUR? Looks like it’s been an insanely good play for Timmay. A pure, utterly overt fraud company with blatantly obvious manipulation on the stock chart…finally coming to terms with reality. Yahoo! Finance description of FOUR begins with “4C Controls, Inc. does not have significant operations” So what the fuck do they do? Twiddle their thumbs in their cubicles. Feeble attempt at a rebound shows how worthtless this shit is.
I think he already answered that Toughguy.
actually Alex, i bought FOUR on intraday breakout…turned out to be fakeout breakout, detialed post later today
umm Alex wake up Timmy actually went long this stock and we all got suckered. Your post actually brings humor to my pain the stock is junk and now we all our long. Im so mixed up right now.
Oh, interesting…well, losses are inevitable. I’m pretty suprised, though, that you would buy that…esp. well over Fridays low of $1.50 and waaayy the fuck above where it was a year ago. Why didn’t you buy it on Friday….with falling knives I think you’re best just buying during the plunge, when volume gets crazy and sellers are just piling on in a mad frenzy to get out. Then use a tight stop and if you get stopped out…let it go down some more and buy the damn thing back. The nice thing about true falling knives is that, while you can never really call the bottom, you can 90% of the time be certain of a really big bounce (percentage-wise)….like with FOUR..it bounced 100% off the bottom but you had to be in there taking the risk during the plunge phase….nice “V-bottom” signal presented itself at the end of day Friday….woulda been nice.
Of course it’s all sooooo easy in hindsight
FOUR’s chart looks fucking horrendous.
Lost $476 + commissions on FOUR.
I won’t blame tim like some of you whiny people who after one trade gone wrong run away scared.
But it definitely was a shitty trade… will take into account my own opinions and not just bluntly follow trades from now on…
ALTU might be a better rebound play now …. low volume the last five days tells the story that sellers came and went in a day … good time to buy…esp. if it can slip any lower.
SON OF A BITCH how much lower can FOUR go?
whaaa i decided to follow someone else that turned out to finally be wrong and I want my money back. Dude shut the fuck up anyone that is signed up and follow’s Tim’s trades and ends up losing money its their own fucking fault.
I’m buying TGIC at the close if its bullish engulfing candle stays intact and RDN & ABK stay up.
No we all aren’t long. People need to stop thinking that just because you follow Tim doesn’t mean everyone is. Take your losses quick and move on. Quick fucking bitching. If you thought the stock was such junk you shouldn’t have followed his trade. He’s trying to teach a trading style that he’s been pretty successful and the demand to know when he trades was high so he decides to charge money to let people know when he trades and why and if you choose to blindly follow your success is based on his performance. Its his first fucking loss since starting timalerts and you’re already pissing and moaning like a fucking child.
ZYXI scam….hit it
5.80 hit
When the title of the alert reads “TIMalerts: bought 2000 FOUR at $2.70 and $2.85, risky, risky, risky, risky bounce play”
Its a pretty good sign that the thing is a risky play and has a good chance of not working out. All trades are risky but when Tim says it 4 times in the title you should know its not going to necessarily be the piece of cake no brainer play you’re used to seeing.
UF,
FWI, GCOG has one full time employee. The same guy is Chairman, Chief Exec. Officer, Pres, Chief Financial Officer, Principal Accounting Officer and Sec. according to Yahoo. He might as well clean the floor, who knows?
new post:
http://www.timothysykes.com/ti.....-donation/
When was the TIMalert? Did a subscriber buy 50K shares at $2.60 at 11:50? Maybe there are some big players subscribing to TIMarlerts
Since everyone likes to post their gains from TimAlerts, how about posting your losses from FOUR to this thread? Does Timmay have a mutiny on his hands? Sounds like ToughGuy and others are starting to lose some trust.
I’ll support Sykes in what he said about that trade…very risky! Rather than being a lemming and jumping off a cliff, do your homework before entering a trade!
total keops
who cares. not me. All these companies suck…get it through your head. I could care less about how many employees a company has or anything that has NOTHING to do with a companies share price direction. I am not a long term buyer.
What do you know here comes the bums crawling out of their rock. Hey make sure to take care of that beach sand out of your snatch so you’re not so cranky this time beachbum.
I don’t see a reason why not to post your losses if you have them. when the title of the alert has “…risky, risky, risky, risky…” its probably a good chance the trade is closer to a 50/50 shot then what people are so used to seeing with tim’s trades.
alert definitely didnt work out, but it wasnt a bad entry, i did wait for a break of he intraday high, which theoretically shoulda woulda coula started a short squeeze…i underestimated how determined the shorts would be
shit wish I woulda hit ZYXi on that last bump. I keep fighting my gut and decided to make a mental note to see how much money i’d miss out on or lose if i decided to get in when i wanted.
Tim tried to get cute with the lemon and he got pounded.
Dont mess with the lemon.
Tim, APII heading towards head and shoulder avg. is looking more intriguing to you?
apii is dead to me, i go for the first big drop due to stop losses, not bounces/drops afterwards
Damn FOUR really died! =(
Quite enjoy the blog think its probably repurtable and definately entertaining trouble is I may the only lonely sole ( will say ‘plonker’ so that some idiot doesn’t insult me for ignorance though Ive noticed nothing stops them when they get going !) that doesn’t know how to short — I don’t have any morality issues with it just competence issues
How do you set about it ?
google shorting stocks, it fairly easy to find out. Also go read the FAQ page for this site and the blogs in the basics tab that you see on the main page. You see I have no idea what plonker means but I won’t bother asking you since I can just look it up online and get an answer faster then waiting for you to respond. You won’t get made fun of for asking questions as long as they aren’t ones that are easily answered by taking 10 minutes to look up the answer online. 90% of the time you can find it already written out in detail.