Trade recap for October 6th

Not much today as I was busy finishing my presentation for the November 14th-15th Pennystocking seminar (sign up here).

Daily profit: $175.00

Today’s trades:
09:36:58    CWNR    B    0.76    2500    NITE
09:37:07    CWNR    B    0.76    2500    NITE
09:40:23    CWNR    S    0.839    2500    NITE
09:41:16    CWNR    S    0.76    2500    NITE

Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Trade recap for October 5th

Not a bad day today.

 

All trades today:
09:30:49    SPBU    B    0.1341    30000    NITE
10:09:52    SPBU    S    0.1449    1000    NITE
10:10:18    SPBU    S    0.1449    16000    NITE
10:50:07    SPBU    S    0.1419    5000    NITE
10:50:08    SPBU    S    0.1419    8000    NITE
BOT    15,000    SPBU    false    Stock    0.1341    USD    SMART    09:30:49        10.06        null
BOT    15,000    SPBU    false    Stock    0.1350    USD    SMART    09:31:11        10.12        null
+    BOT    15,000    SPBU    false    Stock    .135    USD    SMART    09:31:26        10.12        null
+    SLD    15,000    SPBU    false    Stock    .143    USD    ARCAEDGE    09:37:05        10.72        null
BOT    6,000    FLPC    false    Stock    0.4400    USD    SMART    09:39:47        13.20        null
+    BOT    6,000    FLPC    false    Stock    .430    USD    SMART    10:18:14        12.90        null
+    BOT    17,000    SPBU    false    Stock    .142    USD    SMART    10:19:20        12.03        null
+    BOT    6,000    FLPC    false    Stock    .430    USD    SMART    10:42:54        12.90        null
BOT    13,000    SPBU    false    Stock    0.1420    USD    SMART    11:12:10        9.23        null
SLD    2,000    VHC    false    Stock    17.90    USD    SMART    13:34:35        10.00        null
+    BOT    2,000    VHC    false    Stock    17.816    USD    DRCTEDGE    13:35:12        10.00        null

Daily profit: $534.14

Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Come hear me speak at the Las Vegas Pennystocking Seminar on November 14th and 15th

For those of you who are not yet aware, my mentor Tim Sykes has had a penny stock trading seminar in Las Vegas each autumn for the last two years. This year’s seminar will be the biggest yet and by far the best. Tim has an impressive array of guest speakers lined up, including me (for a one hour time slot).

If you have considered purchasing some of Tim’s DVDs I urge you to sign up for the seminar instead. It is a better value and you will get the chance to not only hear Tim speak, but to hear such successful penny stock traders such as Gordon Eckler (Geckler on Twitter), John Welsh (johnwelshtrades on twitter), Nate Michaud (InvestorsLive, who runs the InvestorsUnderground stock chat), and successful part-time stock trader Tim Bohen. Also, Michael Covel (author of The Complete Turtle Trader and other trading books), stock promoter “The Dean”, penny stock investigative journalist Melissa Davis of The Street Sweeper, convicted stock fraudster Hunter Adams, and newsletter writer CJ Thornton of BuySellShort.

Now I mentioned that I thought the seminar was a good value. I truly believe that. But because you are my loyal readers you don’t even have to pay full price. If you wish to view the live video feed from your own home, use coupon code WEB2010 you can save $700! If you wish to attend in person, use coupon code VEGAS2010 and save $500! And for your $1000 (or $800 if you watch via web video feed), not only do you get two full days of great speakers telling all they know about penny stocks, you get the following bonuses:

  • You get your choice of any one of Tim Syke’s DVDs that you will receive before the seminar so that you can be prepared (I recommend PennyStocking Part Deux, a $497 value)
  • You get a 200+ seminar manual and when it is done, a DVD recording of the seminar (Tim Sykes sells the DVD of last year’s seminar for $797)

The seminar will be at the Mandalay Bay on the Las Vegas strip and food will be provided! Breakfast and lunch will be provided both days. If you wish to save money, I suggest staying at The Excalibur (not too far away and very cheap; this is where I will be staying).

Hurry and sign up … spots are filling up quickly. This truly is a great opportunity to learn a lot about trading and meet a bunch of successful traders.

SIGN UP NOW

Note – I will not be able to make the first day of the seminar (November 14th) but I will arrive in Las Vegas that evening and I will not leave until Wednesday around noon. I look forward to meeting and chatting with any of my readers who come to the seminar.

This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well. I am an affiliate of Tim Sykes and I receive a commission for anyone who signs up to the seminar after clicking my link. I paid full price to attend the last two penny stocking seminars in Las Vegas but am not paying (nor being paid by Sykes, except for the free food and maybe a DVD copy of the seminar) this year.

Trade recap for October 4th

Not much today. I just shorted two HotOTC pumps that I remain short overnight.

All trades today:
+    SLD    35,000    SPBU    false    Stock    .138    USD    SMART    09:32:44        24.15        null
+    SLD    16,800    SPBU    false    Stock    .139    USD    SMART    09:36:16        11.67        null
+    SLD    5,700    FLPC    false    Stock    .420    USD    SMART    09:41:46        11.97        null
+    SLD    18,200    SPBU    false    Stock    .140    USD    SMART    09:55:54        12.73        null
SLD    6,000    SPBU    false    Stock    0.1439    USD    SMART    10:30:14        4.32        null
+    SLD    6,300    FLPC    false    Stock    .450    USD    SMART    10:31:44        14.17        null
SLD    6,000    FLPC    false    Stock    0.4500    USD    SMART    15:59:24        13.50        null
+    BOT    16,000    SPBU    false    Stock    .130    USD    SMART    15:59:44        10.41        null

Daily profit: $124.31

Disclosure: Short 18,000 FLPC and 60,000 SPBU. No positions in any other stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Trade recap for October 1st

Just one small trade today, a scalp of REDF. I missed what would have been a great short on MRES even though I was watching it. I just didn’t pull the trigger. It had been pumped.

 

 

Daily profit: $55.00

Weekly profit: $2297.62

Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Trade recap for September 29th

For those who don’t yet know, I will be speaking on the second day at Tim Sykes’ Pennystocking Seminar (which runs from November 14th to 15th in Las Vegas). I really think the seminar is a good deal compared with Sykes’ other offerings. For the $1500 price you get two full days of instruction (including notable guest speakers such as Nate Michaud aka InvestorsLive, Gordon Eckler aka Geckler, and John Welsh aka johnwelshtrades) plus your choice of any one of Tim Sykes’ DVDs that you will receive before the seminar. If you cannot attend in person, you can watch it streamed online (if this interests you, contact me, and I can help you save money on it!). Sign up today!

I should have gotten short RMDT again … nice example of how even HotOTC’s ‘successful’ pumps die within a couple days.

 

Daily profit: $1320.08

Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well. I am an affiliate of Tim Sykes and I receive a commission for anyone who signs up to the seminar after clicking my link. I paid to attend the last two penny stocking seminars in Las Vegas but am not paying (nor being paid by Sykes) this year.

Figuring out what pumpers are pumping ahead of time

This relates to a pump of a Nasdaq stock, IRSN, today. See the video page (or just download the mp4 video). This was pumped by some Beacon Equity websites. Pumpers will occasionally pump stocks for which they have not been compensated if they think it is a decent trade that can make them look smart.

 

Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Identifying continuation on multi-day pumps, a BDPS case-study

JackpotPennyStocks.com is part of the BestDamnPennyStocks.com group of websites. Thursday night, August 12th, I received the following email from JackpotPennyStocks

Electrifying New Alert Coming Soon!

Hello Jackpot Investors!

I wanted to let everyone know that I will be releasing my new alert

Tomorrow, Friday August 13th after the close!

This new pick is very exciting for me to announce.  I love what this company does and what they represent.

We could see massive gains in very short amounts of time, this company has a very low PPS, is near it’s 52 week low, and even a slight budge in volume and positive money flow could send it flying.

Typically, I release my alerts early in the morning during the open.

It seems that 50% of you like alerts at the open and the other 50% like them after the close.  I haven’t alerted after the close for awhile.  I wanted to change things up a bit.

I wanted to make sure that everyone had ample time to get ready.  This will give everyone the chance to get in all of their research throughout the weekend.

As a matter of fact, it will give you a few days to rest and play some golf to take away the stress of your girlfriend or wife breathing down your neck about the losing alerts you received from all of your other newsletters last week.

This is an alert that you cannot afford to miss out on.

For many of you, this is a rare once in a lifetime opportunity.  For others, this could be your second chance.

Are you ready?

Best Regards,

Jackpot Penny Stocks

Monday night, August 16th, Jackpot sent emails highlighting their next pump, SMCE. There were a few different emails sent at different times. All highlighting (color and bold) is added by me.

#1: Finally My New Alert is Here!

Hello Jackpot Investors!

What is every investors dream? To find that “diamond in the rough” within the market that is severely undervalued, dirt cheap and selling for pennies on the dollar.

After much searching, we were able to find that diamond: SMC Recordings (symbol SMCE)

About SMC Recordings:

Established in March of 2005, SMC Recordings is home to independent music and artists. Based in San Francisco, CA, the company’s prized accomplishment is its unique philosophy of artist development, where artists are encouraged to participate with the label from inception through maintenance of their careers. This innovative structure has garnered industry veterans to join the company and aid in its growth.

Imagine being an investor in Universal Music Group, Warner Music Group, or even Sony Music Entertainment In their Infancy! Today you would be rich beyond your wildest imagination.

Although we missed out on that opportunity, we learned one thing…

Exactly what a Giant Music Company looks like in it’s infancy, provided that opportunity ever came upon us again, we would jump right on it.

SMCE is that opportunity!

We may not have the capabilities to travel back in time, but what we can do is get involved with a mirror image of the recording Giants in their infancy with SMCE!

SMCE is a rare once in a lifetime opportunity.

Don’t take my word for it.

Type In publicly traded record companies in the Google search engine and see what pops up.

Other than the Time Warner spin-off of Warner Music Group, I cannot remember the last record label that went public!

What makes SMCE so special?

SMCE is signing some major names in the music industry.

Rakim, Regarded as one of the greatest rappers of all time joined forces with SMCE.

Unless you have been in hibernation you may have heard of Rakims newest CD, “The Seventh Seal” which at the time of release opened on the iTunes hot rap albums chart at #2, beating out noteworthy releases from Jay-Z and Eminem. Not to mention flying straight to the top ten for largest airplay and sales gains!

what does this tell you about SMCE? It tells me that they are making boat loads of money!

Many other record labels have been after Rakim, which leads me to believe that SMCE could potentially be bought out by a larger label!

SMCE has many other high profile talent as well and Understands the major changes that have occurred in the music industry regarding the “digital download” era.

SMCE is the perfect company at the perfect time.

Here is a great video explaining why:

http://www.easyir.com/easyir/home.do?easyirid=31439ED8CBE2D2F1

Here is the breakdown:

-SMCE is severely undervalued, selling for pennies on the dollar

SMCE has very low volume and is sitting at a rock bottom opportunity 52 week low, with nowhere to go but up!

-SMCE could potentially get bought out.

-SMCE is a super low risk/high reward.

I want everyone to understand exactly how explosive SMCE can be.  Last week on Tuesday, SMCE saw its PPS double, that’s right a 100% gain before settling back into its 52 week low.  That gain was sparked from a measly $25,000 in positive money flow!  This shows that SMCE will move simply by breathing on it, can you imagine the possibilities once the street finds out?

Plain and simple, SMCE is about to set the street on fire, and it is only a matter of time
before many other newsletters follow our lead (as they always do.) This would bring in swarms of new investors creating a massive increase in volume setting up SMCE for explosive gains!

The best part being that you are among the first to be alerted!

Research Links:

http://smcrecordings.com

http://finance.yahoo.com/q?s=SMCE.PK

Best Regards,

Jackpot Penny Stocks

#2: Vacation Is Over-Its Time To Make Some Money!

Hello Jackpot Investors!

Every one of my long time subscribers remembers the last time that I alerted SMCE (SMC Recordings, Inc) You guys were able to scoop up potential wins over 100%

The fact is that I absolutely hit the nail on the head with that alert.  I stated that SMCE would be one of the largest gainers in the entire market that week and it happened.

Big deal right?

My point is that not only do I love this company and the artists that they represent, but Its easier to read this company than it is to cheat on a highschool math test.

The last time that I alerted you guys to SMCE, I noticed three major indicators BEFORE they exploded. I see those exact three indicators right now, plus I see one that we werent able to take advantage of the first time around.

They are:

-Abnormal Positive Money Flow.

-A Major Trend Reversal.

-Rumors of a massive Investor Awarness Program kicking off over the weekend.

SMCE is currently sitting very close to their 52 week low with nowhere to go but up.

Last week on Tuesday, SMCE saw it’s PPS double, that’s right a 100% gain before settling down near its 52 week low again.  That gain was sparked from a measly $25,000 in positive money flow!

This shows that SMCE will move simply by breathing on it, can you imagine the possibilities once the street finds out and other newsletters bring in tons of hungry investors?

We could see SMCE rise quicker than a politician’s pants after a knock on his hotel room door.

Plain and simple, SMCE is about to set the street on fire!

If you sat around on the sidelines last time and missed out on that huge win, now is your second chance.

Best Regards,

Jackpot Penny Stocks

#3: The Deck Is Stacked In Our Favor!

Hello Jackpot Investors!

SMCE’s 50 day MA held as strong as steel today, confirming a possible super strong snap-back in the short term!

In my opinion the risk reward profile here is 90% in our favor! The risk here is SMCE’s mega bottom at its 52 week low of 5 cents below where it closed today…which is highly unlikely due to SMCE’s 32% haircut today!…but the short term reward here in my opinion is SMCE’s 200 day MA of 62 cents which is  229% higher than the close today!

SMCE has been super explosive over the past weeks rising huge on paltry volume! This tells me that it’s smooth sailing to its 200 Day MA!

Check out the chart:

http://stockcharts.com/h-sc/ui?s=smce

Of course I am not giving any targets here, I am not an analyst and I could be completely wrong.  I am just giving my own educated opinion…you must remember though from history that I know SMCE like the back of my hand and I have been able to call it to the day that SMCE would slam higher!

I am about to do it again! With history on my side and a 90% reward profile in our favor!

You would sit down and play a game a blackjack any day if the cards were stacked 90% in your favor right??

So here you go,  SMCE is the blackjack of the day!

Best Regards,

Jackpot Penny Stocks

I was expecting a follow-up pump and bought SMCE near the close on August 17th but sold before the close for a $92.50 loss. That night, I received the following emails from three other BestDamnPennyStocks websites, suggesting a new pump the next day (though they did not indicate when. Notice the passages I have highlighted.

#1: New Chart Smasing Pick Coming Tomorrow!

Hello Loyal Subscribers!

Man oh man do we have something special for everyone tomorrow with a new chart busting pick that in my opinion may be the biggest gainer of the summer!

But first I wanted to congratulate everyone on our last pick that was a huge riser, jumping nearly 88% since I first announced it!

One thing is clear, everyones email box has been bombarded with garbage picks from other newsletters, so an 88% percent gain over less than a 2 month time period is completely amazing!

Just think about it, I was recently reading an article where a certain mutual fund was boasting a 13% gain on the entire fiscal year… one more time – the ENTIRE fiscal year.

Some of our members may have been involved with a couple of those and when our last play jumped 88%, you were thinking the same thing about your mutual funds (and other investments) crappy return.

I want to thank everyone for all the thank you emails because it certainly made my day and this is really why we are doing this, to find “diamonds in the ruff”.

We believe in the fundamentals of the companies we bring to our subscribers attention and stand by that, so 2 months for an 88% gain is great, although we are all about lightning fast profits and that is exactly what we believe our new pick could bring!

This new pick is very exciting for me to announce.  I love what this company does and what they represent.

We could see massive gains in very short amounts of time, this company has a very low PPS, trading at what we believe is very undervalued, in our opinion.

Trading very close to its 52 week low even a slight budge in volume and positive money flow could send it flying.

This is an alert that I believe you cannot afford to miss out on.

For many of you, this is a rare once in a lifetime opportunity.  For others, this could be your second chance.

Get ready because tomorrow after my research is finalized I will release this chart buster to you so keep your trading hats on and ready to strike!

Best Regards,

staff@GetRichPennyStocks.com

#2: New Chart Smasing Pick Coming

Hello Bling Bling Penny Stock Investors!

Man oh man do we have something special for everyone tomorrow with a new chart busting pick that in my opinion may be the biggest gainer of the summer!

But first I wanted to congratulate everyone on our last pick that was a huge riser, jumping nearly 88% since I first announced it!

One thing is clear, everyones email box has been bombarded with garbage picks from other newsletters, so an 88% percent gain over less than a 2 month time period is completely amazing!

Just think about it, I was recently reading an article where a certain mutual fund was boasting a 13% gain on the entire fiscal year… one more time – the ENTIRE fiscal year.

Some of our members may have been involved with a couple of those and when our last play jumped 88%, you were thinking the same thing about your mutual funds (and other investments) crappy return.

I want to thank everyone for all the thank you emails because it certainly made my day and this is really why we are doing this, to find “diamonds in the ruff”.

We believe in the fundamentals of the companies we bring to our subscribers attention and stand by that, so 2 months for an 88% gain is great, although we are all about lightning fast profits and that is exactly what we believe our new pick could bring!

This new pick is very exciting for me to announce.  I love what this company does and what they represent.

We could see massive gains in very short amounts of time, this company has a very low PPS, trading at what we believe is very undervalued, in our opinion.

Trading very close to its 52 week low even a slight budge in volume and positive money flow could send it flying.

This is an alert that I believe you cannot afford to miss out on.

For many of you, this is a rare once in a lifetime opportunity.  For others, this could be your second chance.

Get ready because tomorrow after my research is finalized I will release this chart buster to you so keep your trading hats on and ready to strike!

Sincerely,

Bling Bling Penny Stocks

#3: Another Chart Busting Pick Announced Tomorrow!

Hello Investors!

Man oh man do we have something special for everyone tomorrow with another chart busting pick that could be another scorcher for the summer!

Our last pick presented many huge opportunities for savvy investors to profit with over 100% in potential profits.

One thing is clear, everyones email box has been bombarded with garbage picks from other newsletters, so an 100% percent gain over over a period of less than a week is completely amazing!

Just think about it, I was recently reading an article where a certain mutual fund was boasting a 13% gain on the entire fiscal year… one more time – the ENTIRE fiscal year.

Some of our members may have been involved with a couple of those and when our last play jumped you were more than likely thinking the same thing about your mutual funds (and other investments) crappy returns.

This happens all the time with similar investments and this is what makes the penny stock arena so exciting, the ability to nab huge profits in record time!

I want to thank everyone for all the thank you emails because it certainly made my day and this is really why we are doing this, to find “diamonds in the ruff”.

This new pick is very exciting for me to announce.  I love what this company does and what they represent.

We could see massive gains in very short amounts of time, this company has a very low PPS, trading at what we believe is very undervalued, in our opinion.

Trading very close to its 52 week low even a slight budge in volume and positive money flow could send it flying.

This is an alert that I believe you cannot afford to miss out on.

For many of you, this is a rare once in a lifetime opportunity.  For others, this could be your second chance.

Get ready because tomorrow after my research is finalized I will release this chart buster to you so keep your trading hats on and ready to strike!

Sincerely,

Staff@TryPennyStocks.com

The point is that by using the exact same phrase in the teaser emails to describe the stock, BestDamnPennyStocks gave away to me that it would be following up with those three other websites on SMCE. Here is the direct comparison between the two teaser email phrases (Jackpot first, then the others):

We could see massive gains in very short amounts of time, this company has a very low PPS, is near it’s 52 week low, and even a slight budge in volume and positive money flow could send it flying.

Trading very close to its 52 week low even a slight budge in volume and positive money flow could send it flying.

However, be aware of reflexivity: if too many people try to front-run a pumper they may change their pick or delay it. This happened with JackpotPennyStocks … their pick was delayed from Friday August 13th after the close to Monday August 16th after the close, because that Friday they had tried to tape paint the stock to close at .23 or thereabouts but someone else hit the ask right at the bell and the stock closed at .28.

Alert Delay!

Hello Jackpot Investors!

I hate to do this, but I have to delay my alert!  I saw a few things happen today that were not to my liking.

I only want my members to have the best opportunity to catch the biggest wins, and the pick that I was going to release is not in our favor at this time after what I saw today.

I am doing my best to search for the next company that could provide a massive win, and I will find it!

Best Regards,

Jackpot Penny Stocks

I hope you find this useful.

Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

Another HotOTC gap and crap (although hardly a gap)

And yet I messed it up. I will blame it on a large loss ($2500 or so) on an unrelated trade today.

HotOTC & StockRich & StockEgg pumped ETNL for $45k cash: “Hototc.com has been compensated by a third party BuzzBahn Media forty five thousand dollars for a one week ETNL advertising services contract.”

09:37:09    ETNL    SS    0.0084    1500    NITE
09:37:13    ETNL    SS    0.0084    50000    NITE
09:37:20    ETNL    SS    0.0084    20000    NITE
09:38:39    ETNL    SS    0.0082    29000    NITE
09:39:30    ETNL    SS    0.0082    100000    NITE
09:41:20    ETNL    SS    0.0079    200000    NITE
10:33:54    ETNL    B    0.0085    200500    NITE
10:34:36    ETNL    B    0.0085    200000    NITE

My trading journal entry: “was sub-penny hototc pump, half their sites ($45k); opened with tiny gap at .0082, dropped very quickly (around 9:50), briefly hit a lod of .0071 then climbed back up; covered to protect myself at .0085 at 10:30am and then it dropped again, hit .77 again within 20 minutes; hit a lod of .007 at noon, had good volume at .0067 by 1pm; trade at BroadStreet; had good volume later in day at .0064, lod was .0063”

I lost $208.44 … had I held on through the spike and covered at .65 I would have made about $600, and this was on 400k shares, not the 650k shares I had borrowed. Lesson: Get shorter earlier, hold on longer. The best way to mess up when trading a strategy (shorting HotOTC pumps) that gives a 90% win rate is to play too conservatively.

Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

 

A clear example of a HotOTC gap & crap and how I would have traded it

HotOTC (as well as many other pumpers) gapped and crapped MRGP today. I would have shorted this starting in the pre-market if I could have found shares. The key was that there was an aggressive seller in the premarket (whomever paid for the pump) keeping it from gapping. This would of course have been an aggressive entry. Averaging into a short is fine, but the risk on a HotOTC pump is that it will tank before a full position is reached.

Here are the pumpers:

Crown Equity Holdings: $10k cash “Crown Equity Holdings, Inc. (CRWE.OB) has received ten thousand dollars in cash from a third party (Stock Group AG) for (1) day of advertising for Mercer Gold Corporation, (MRGP.OB)”

Global Marketing Media (StockScout/PennyStockPros/PennyStockClub): $5K cash “Global Marketing Media has been compensated 5,000.00 by Five Star Consulting for the promotion of MRGP. An affiliate also owns 89,330 shares of MRGP bought on the open market.”

HotOTC: $50k cash; (StockEgg.com, HotOTC.com, StockRich.com) “Hototc.com has been compensated by a third party Stockgroup AG fifty thousand dollars for a one week MRGP adverting services contract.  Hototc.com does not own any shares of MRGP.”

MonsterStockPicks.com / StockStars.net: $5k cash “MonsterStockPicks.com has been compensated by a third party Galaxy LLC five thousand dollars for a one week MRGP advertising services contract.”


(click for full-size image)

 

 

 

Disclosure: No positions in any stocks mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.