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Some Worst Companies Around
By: Timothy Sykes   Tuesday, July 29, 2008 11:02 AM

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Just like in the normal stock market, sectors rotate being hot in pump and dump land, but since the sector/company/fundamentals are nearly totally irrelevant, the hotness varies cross different prices, subpenny stocks, under $5, under $10….right now, it’s mostly under $1 stocks making big moves, which can be good for many of you, but is not my game since I like shorting and shorting these stocks is risky biz….other than a potential short on USS, probly no trades again today for me, but here’s my watchlist:

VCSY has a great vertical chart that I love shorting, but only if it were priced 100x what it is here at 6 cents…2 cent stocks can easily become 20-30, even 50 cent stocks, but not so with $2 stocks easily going to $50

MYRA is a classic long term downtrending stock that’s gone Supernova—10 cents/share to 50 cents/share…really not my thing unless the price was multiplied by 10, but a decent short for those with a longterm outlook/ability to take on risk…already off its highs though.

GNLK is one to watch for potential bigtime breakout past 53 cents/share

CNEX is an oldie but a goodie, last we heard from them, it was doing THIS, now it’s a 25 cent stock spiking to 40…here’s to getting it to $1, pump it up bitches so I can short it!

OFI has got everyone all excited about its breakout, zzzzzzzzzz, please, it’s a friggin boring industry, boring chart—it makes small moves that takes weeks/month—have fun watching the fakeouts and the breakouts on this one, if I tried to play it, I’d surely get spooked by the choppiness, no thanks

RNN had positive drug news so now has solid support in the $1.90-$2 region, really gotta go up waaaay more to get me to consider shorting

HDY is a press release happy turd that’s good to short on any spike…so far this spike, like the company itself is pathetic, reserve shares just in case they decide to do a PR to further this wannabe surge, maybe they’ll announce the company is shutting down to refocus itself as a PR firm and the stock will really surge

USS is up for a variety of reasons, still doesn’t make bitter longterm shareholders any more confident as they’re selling into this 100%+ spike….twas a good short from $5 to $4, many TIMalert subscribers emailed me and posted they made some decent cash that way…me, I’d rather wait for it to go red on the day, ideally in the afternoon before I start shorting, reserve shares for sure as this is my #1 potential short, just gotta be careful of further short squeezes

IVVI has a horrendous longterm stock chart, it’s the kind you want to short into, reserve shares to short

MER writes down more, CEO forced to raise $ after vowing he’d never do it…oh yeah, and this was a week after they reported earnings! How many blatant lies/examples of incompetence must be told before Osama bin SEC goes after the real crooks, not short sellers, industry ups!


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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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