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Nine Stocks, Finally Some Decent Setups!
By: Timothy Sykes   Monday, August 25, 2008 12:20 PM
Sectors: Basic Materials , Computer and Technology , Medical , Retail/Wholesale
Symbols: CPRX, KANA, MITI, NABI, TIN, TRX
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A few solid potential plays, gonna be hard for me considering this week I’m staying at a Buddhist Temple on Mt. Koya, hot springs resort near Mt. Fuji, then climbing the mountain itself, then flying to Canada on Thursday…but the setups are there, so those who are ready will profit…

Also getting lots of basics questions lately cu my promotion is working.—guys the basics are in my products which you can purchase HERE

Don’t get me wrong, I love sharing info freely, but this is my business and there’s too much to explain in any 1 blog post…I created these products to answer your questions, suck up the cost of an education or don’t expect to understand everything going on…I think it’s crazy to voluntarily walk in uneducated into a game where lots of $ can be made or lost depending on your skill/knowledge, but you gotta do what’s best for you

MITI just keeps continuing the stair step higher pattern, spike in the morning when early shorts get squeezed as they realize, nope, today isn’t the day!), then sideways price action the rest of the day….that sideways action creates support, when it’s time to short—whatever day that’ll be—I’ll look for one of its many sideways price action levels to crack, ideally, multiple ones within minutes of each other, so the stop losses getting taken out creates a wave of selling that’s soooooooo much fun to ride as a short seller…don’t short until you see the whites of the long’s eyes….need red on the day…this is my #1 potential short sometime this week

BESN is so gradual intraday and yet its daily chart is soooo vertical, we know this piece of crap $300 million company with big PRs and nothing to bck it up with eventually resemble NNRI (look at its 2 year chart HERE) question is how far will it go before it dumps….only 84 shareholders as of June, let’s go crazy and say 300 now, still not much (this priceless info is HERE at Pinksheets.com….this is my #2 potential short this week

FOUR now stabilizing above $4, can’t believe my thinking turned out to be right, but no way in hell do you risk 50% crash in order to be proven right, prices get manipulated by shorts on this one, no it gets pumped back up, difficult to judge, not like easy pump and dumps, this is a dump and pump!

ENAB is the old ubid.com, just changed their name to lessen the stench from this carcass…nice 100% bounce off dumping pattern, this is my #3 potential short this week

KANA has a horrendous longterm chart and is spiking, bigtime resistance at $2, my #4 potential short this week

CHTL has same EXACT pattern as ENAB, coincidence? I think not, this reeks of manipulation

CPRX is an illiquid crappy biotech, miracle weight loss drug new on Thursday, no reaction, big buy late Friday pushes stock up 40 cents, probly headed lower as EVERY spike in the past has been met by selling, ideally, this runs multiple days, although that’s wishful thinking

NABI keeps breaking out, how far dos it go? Who knows? It’s got resistance from bitter longterm shareholders all over the place, there’s no quick breakout here, that’s why even with that perfect breakout at $4.5 in early July, it’s taken 2 months to go up $1.50…blehhh,, that might be exciting for a sissy value investors, but many of them are butterfly collectors too, zzzzzzzzzzz, to each his own

TRX I’m getting tons of emails cuz Mike13th is short, yes, its breaking down, but I’d onl short into a spike, not risking being short if any spike happens as downtrend is tooo slow….remember, I’ve got precious little capital/trades/time to watch stocks while in Japan, I can’t just be wasting on some little stock, going for a 10 cent/share gain…again, you gotta know whats good for you as it’s probly not the same as someone else


 

 
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