Screw April’s Fools Day: There’s Work To Be Done, No Time For Jokes
Posted by timothysykes on Tue 1st of Apr, 2008 07:55:51 AM
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Let the clowns have their fun, this isn’t a game, it’s business. Leave the gun, take the cannoli. No mercy. No compassion. No trust. Only profit. Quicker you learn that the better.
Today looks like a higher open, good—all these broker/bank peddler scum are announcing mammoth losses, but even they can’t screw up what’s turning out to be a perfect bottom at Dow 12k. To be more exact, a solid hold of Dow 11,700—the former 2000 high it took us 7 years to breakout of. Can you say perfect retest? Maybe too simplistic, but simple works. I’m just happy I bought VWELX in my retirement account a few days ago.
Here are some microcrapper runners, none of which are nearly as perfect or multi-day as yesterday’s batch, but let’s give em a chance to see what they can do. We’re equal opportunity short sellers here…
(NEON)—which I summarized a few weeks ago
(NCST)
(PMII)
(OWW)
Check out my brand new DVD, ShortStocking - the only guide you'll ever need to profit from short selling!
CVSC, been riding it up since the drop. double top soon around 2.50?
Tim ASTI on major radar up huge.. yet again +1.00 major squeeze hoping to nail this on the short side.
LEH up huge this morning even after the announcement last night about convertibles - seems like last night’s after hours was a ploy to add to the squeeze this morning.
ASTI watch for the short above 17.70
…COT look bearish at the start. Low opening volume!
forget COT, i’m out at 3.61, i don’t like the big buy blocks, bad risk reward here, too slow moving, $130 loss doesnt hurt much
Tim Speaking of April Fools did you see Google’s joke?
http://mail.google.com/mail/he.....index.html
I just re-sent an e-mail to my broker that I wanted to buy 1000 shares of GOOG at IPO!
HYBR big morning dump, d aaaaaaaaaaamn
COT 20 cent drop, tried shorting 2k at $3.55, my order gets rejected, looks like i have negative buying power–all my recent trades catching up to me….F%^$en day trading rule, just u wait SEC, i’m gonna make sure u see how ridiculous it really is
Short COT at 3.56 cover at 3.44 ;-))
why cover COT, now its cracked, clear path to 3.25ish, godamn the SEC!
I cover because it was a fast long red candlestick, now I will short again but just some cents above my exit point.
“forget COT, i
Is REED on the pullback area poise to move back up or back to square one? How about AUY?!
gary–u think COT is hard to spot, c’mon, i’ve been doing this for a decade
reed has too little volume for me to even look at, auy is a commodities play, i don’t touch that crap
Whoohoo got a nice short on WH and my GU short still keeps going down. Thanks for the ideas Tim. The DVD rocks and it really helps. Now just how long to ride them for. hmm..
ASTI seems to be a good ride. SHORT just a bit ago and its going down.. What do you think is the exit point? I see $15.59
Tim- I have been doing this for A FEW MONTHS!!! You have nothing on me!
j/k - Dont get your panties in a bunch! It’s funny how the market works. You can say one thing one way, then have to be read to play it the other way! Learning from YOU!
It’s all about the Money!
So pissed this morning, tried to put on as ASTI short on the dollar jump and the scottrade platform was “experiencing problems”. What a piece of crap. Im switching to SOW.
Gabec, I use Scott and don’t see any problem.. Whats your exit on ASTI if you short it ?!
yah Gabe, switch over, I promise u won’t regret and tell em i sent ya!
Reshorted COT at $3.48 ….. just wait now ;-)
Thanks Tim. I will. VIJAI , well tim’s the expert but ASTI seems to me anyway like a good short for the next couple of days unless it closes high then time to jump ship.
Gabe, I know TIM is the expert and busy guy too Since you are playing the game, i thought you have the game plan to exit. So just checking with you.. Whats expanation of SOW btw?
Tim, what do you pay to borrow these micro cap stocks, aka microcrappers? What interest do you get on posted margin with TOS?
i pay nothing extra to borrow shares–no matter the broker, i never have, it’s a myth…interest isn’t more than a few dollars/month. welcome to beginning to understand how much BS misinformation there is out there
Hey VIJAI no prob. Anytime. SOW is whoops TOS. thinkorswim trading platform. my mistake.
ITMN is up 20+% on phase 1b results, might be a good short later?
I found out last Friday you can’t short stocks under $5 on Scottrade :-(
I now have my thinkorswim account funded :-D
Gabe, no problem. I will check it out..
steve, you are right. Scottrade has the limitation and its fine for me since I don’t like to play on stocks below $5 with less volume.
neswick- i was just looking at ITMN but just not enough price movement on that one, if it spikes I may short it
Anyone go long KNDI? Had it on watch list and completely missed it.
Tim,
Thanks for the heads up on COT, I have a small account and made my biggest gain ever $200.
Thanks
newswick - if you short ITMN nice job, great sell off right there I just missed it
GU just broke support. Hopefully it falls of the cliff now.
how about PMII? Vol. is just gone compare to last several days and still up $.70 today.
neither gu nor pmii look good. what cliff do u see on GU buddy? its already tanked, got plenty of support in the $11 and $12s. next!
Really. Hrmm. Looking from the 5 day chart of GU. Friday has good support at around 12.50. Figured once it broke that it would still go down more. Am I mistaken?
what do you think of a possible COT short squeeze later?
nevermind, just looked at the chart again and i highly doubt it
Ahh maybe im playing it too long from the non volatile side. I see your point.
Looks like heavy support for COT at 3.25. If it cracks it could fall hard. Sneale what made you say possible short squeeze later?
ASTI, seems to jack up now.. Is it still a sound play to stay in for the short or get out ?
GU spike, thats why you don’t stay short these things after they’ve dropped so much.
ASTI still hasn’t stayed red, u shouldnt think about shorting
hey tim how about SNDK
who knowsa bout SNDK, thats a real company, i hate those…ask those 2 clown from wall street warriors, they supposedly did their research on it LOL
Hey Tim, in the dvd you said you never want to be short in a bull market. Do the POS’s you look for not apply as much to that rule? If not, what type of stocks would you look for instead? Thanks.
when the hell did i ever say never short during a bull market? my entire strategy is shorting! u just have to be more conservative
Just to add, I’m not saying we’re there yet but if we ever do..
I said that because I thought there was a lot more upside support that might rally. Buuut no, I decided that was not going to happen.
Thanks for the save on GU, I got out after the comment and before the spike. Learned a good lesson and make a good 5%. I’m happy with that.