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A Speech, A Mistake And A Bunch Of Stocks Breaking Out
By: Timothy Sykes   Tuesday, April 29, 2008 12:15 PM

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Speech at U of M went well last night, 100 or so in attendance, pics and maybe even some video to come shortly—some Dealbreaker loser live blogged it in the comments section of THIS post (although misquoting / drawing the wrong conclusions aka guy has a bright future as an ANALyst!) God, I love speaking, don’t be shy, contact me, cost is only $1k + travel and book me…workin’ on getting a national college tour going in the fall or next spring…

Unfortunately, no time to pretend to be back in school and party with everyone afterward, waaaay behind on the new site that goes live on Thursday…lots of potential plays just to rub in that I’m traveling back to NYC later today, the market has a funny sense of humor.

Now as one of the first PennyStocking students and the leading contender to become a millionaire using my strategies (giving me all the marketing ammo I’ll ever need wooo hahahahaha) Tony Ellis, posted first in the comments section of THIS post yesterday (pre-market no less!) that GTE was one to watch for a potential breakout…late in the day, it did just that—with a picture perfect breakout above $4.40—straight to a $4.60ish close and probable morning spike, if not more, today. Pisses me off my crazy schedule made me this one, but I have no doubt Tony and other PennyStocking students didn’t—Tony, how much you up on this play now? How much total since you got the DVD, honestly, I’m curious!

Remember how proud I was in knowing to short weak gas play PDO instead of strong MXC? Well, a totally ignorant error—reserving shares of MXC and putting the limit at $10, above its $9 price at the time, but not high enough—means I went short MXC overnight cuz the stock closed up big at $10.05, and my 500 shares were shorted right at $10. Soooooo incredibly stupid—just can never underestimate how far these things will go in a day…gotta dent my buying power more and put the limit at like $14…so now I’m probly gonna have to take a $100-ish loss, maybe I’ll get lucky since nattie gas futures are down, but I doubt it considering its gapped up every day lately and just broke out to multi-day highs…I’d never willingly short a stock that’s already consolidated and is now making new multi-day highs…this is one pathetic/mistaken trade…bush league (see what I mean when I say you can do better than me!)

Tons of microcraps squeezing those stubborn long term shorts and tempting momentum buyers: (KOG) (FPP) (NURO) (DCGN) (SYNM) (ACUS) and of course oldie but goodie (COIN)

Also lots of 1-2 day runners with seemingly plenty of room considering how much they’re down off their highs, put ‘em all on your watchlist: (HUSA) (THC) (CRAY) (IDIX)


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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