SANB-- technical support at $0.56. Possible large percentage drop if it breaks that point. This pump could keep moving up, though.
ARTH-- technical support at 1.20-1.21. If it breaks down past 1.20, expect it to go down by 10 to 30 cents/share
Disclaimer-- I am not a registered investment adviser and this is not investment advice. The material on this site is provided for informational purposes only. No mention of a particular security constitutes a recommendation to buy, sell, or hold that or any other security, nor does it mean that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. I cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment or methodology, or the potential value of any investment or informational source. Site users bear sole responsibility for their own investment research and decisions. Anything written on this website is solely the opinion of the author unless it is clearly and expressly stated as fact.
Friday, July 12, 2013
Thursday, July 11, 2013
What Triggers Tim?
I will be writing this blog to give fellow Tim Sykes students my views and predictions on what Tim Sykes is going to do next in his day trades. I won't be predicting exactly what Tim does so much as helping you to see what price levels have to be crossed in order to be a breakdown or breakout, in stocks that Tim has already put on his watch list. When these stocks reach an appropriate breakdown or breakout point, Tim, as well as other successful traders who use his strategy, will buy or short-sell the stock.
These predictions will be based on Tim's strategy to short-sell pump-and-dumps and buy earnings-winners and contract-winners. Pump-and-dumps are companies whose stock price is the result of marketing campaigns that are designed to sell stock rather than than the company's ability to sell real products and services. A company that has been pumped may be a company that sells real products. But it is either a real company that is worth a tiny percentage of what the market capitalization seems to suggest, or it's a pretend company -- the people in charge have no intention of turning a profit by selling products, because they just want to sell stock.
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