Trade recap for July 9th

+    SLD    5,000    ALAN    false    Stock    .277    USD    DRCTEDGE    09:31:46        6.92        null
+    SLD    5,000    ALAN    false    Stock    .278    USD    ISLAND    09:31:50        6.95        null
SLD    5,000    ALAN    false    Stock    0.3000    USD    DRCTEDGE    09:32:11        9.00        null
+    SLD    5,000    ALAN    false    Stock    .299    USD    BATS    09:32:39        7.48        null
SLD    5,000    ALAN    false    Stock    0.2984    USD    ISLAND    09:34:00        7.46        null
+    SLD    5,000    ALAN    false    Stock    .300    USD    BATS    09:34:28        7.59        null
+    SLD    5,000    ALAN    false    Stock    .303    USD    ISLAND    09:34:39        9.66        null
SLD    5,000    ALAN    false    Stock    0.3000    USD    NSX    09:35:02        12.00        null
+    BOT    5,000    ALAN    false    Stock    .280    USD    ISLAND    09:37:41        7.00        null
+    BOT    5,000    ALAN    false    Stock    .275    USD    ISLAND    09:38:54        6.88        null
+    BOT    5,000    ALAN    false    Stock    .270    USD    ISE    09:39:58        6.76        null
+    BOT    5,000    ALAN    false    Stock    .270    USD    ISLAND    09:40:32        6.76        null
+    BOT    5,000    ALAN    false    Stock    .271    USD    ISLAND    09:45:11        6.77        null
+    BOT    5,000    ALAN    false    Stock    .270    USD    ISLAND    09:45:40        6.75        null
+    SLD    3,000    ALAN    false    Stock    .300    USD    ISLAND    10:20:07        5.27        null
+    BOT    3,000    ALAN    false    Stock    .288    USD    ISLAND    10:28:01        4.78        null
+    BOT    5,000    ALAN    false    Stock    .274    USD    BATS    11:04:32        7.20        null
+    SLD    3,000    ALAN    false    Stock    .299    USD    ISLAND    11:28:19        4.48        null
+    BOT    3,000    ALAN    false    Stock    .291    USD    ISLAND    11:36:56        4.37        null
SLD    2,000    NEXMD    false    Stock    3.0600    USD    DRCTEDGE    12:19:27        10.00        null
+    BOT    2,000    NEXMD    false    Stock    3.010    USD    ISLAND    12:19:42        10.00        null
+    BOT    5,000    ALAN    false    Stock    .273    USD    ISLAND    14:58:42        6.83        null

Daily profit: $853.63

Disclosure: Short 5,000 AMEL. 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 July 8th

Daily profit: $81.15

09:35:52    NEXMD    S    3.22    1000    SMART
09:35:40    NEXMD    B    3.17    900    SMART
09:35:40    NEXMD    B    3.17    100    SMART

SLD    1,000    ESCC    false    Stock    0.770    USD    SMART    11:17:37        3.85        null
SLD    2,500    ESCC    false    Stock    0.700    USD    SMART    11:19:01        8.75        null
BOT    1,000    ESCC    false    Stock    0.700    USD    SMART    13:08:32        3.50        null
+    SLD    2,500    AMEL    false    Stock    .780    USD    SMART    13:42:12        9.75        null
BOT    2,500    ESCC    false    Stock    0.700    USD    SMART    13:49:15        8.75        null

Disclosure: Short 5,000 AMEL. 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 July 7th

Trades not at Sogo:
12:33:11    NEXMD    B    2.95    200    SMART
12:33:10    NEXMD    B    2.95    600    SMART
12:33:10    NEXMD    B    2.95    200    SMART
12:32:05    NEXMD    SS    2.94    1000    SMART
12:17:59    NEXMD    B    2.9399    900    SMART
12:17:59    NEXMD    B    2.94    100    SMART
11:55:08    NEXMD    SS    3    500    SMART
11:55:07    NEXMD    SS    3    500    SMART
SLD    2,500    AMEL    false    Stock    0.7699    USD    SMART    09:31:46        9.62        null
BOT    800    TOPZ    false    Stock    0.8000    USD    SMART    13:51:04        3.20        null

Daily profit: $511.80

Disclosure: Short 2500 AMEL. 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 July 6th

Nothing interesting … AVNA was nice but I got only a tiny fill … it closed at $0.0798 after opening at $0.125.

SLD    2,307    AVNA    false    Stock    0.1200    USD    SMART    09:31:52        1.38        null
BOT    2,307    AVNA    false    Stock    0.0900    USD    SMART    09:36:04        1.04        null
+    SLD    2,300    NEXMD    false    Stock    3.517    USD    SMART    10:35:36        11.50        null
+    BOT    2,300    NEXMD    false    Stock    3.394    USD    ISLAND    10:36:58        11.50        null

Daily profit: $327.79

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 the first six months of 2010

Below are my monthly profits (keep in mind this includes $6,234.16 in losses from my super-secret trading strategy, for which I do not report the trades on this blog; those losses all came in March and were it not for those losses I would have made $4,703.21 in March):

January $9,938.76
February $11,146.07
March ($1,578.95)
April $17,548.72
May $16,191.05
June $4,123.12

I have become far more consistent compared to last year.This is primarily as a result of relying less on my super-secret trading strategy, which generated essentially zero net profits last year while giving me tons of volatility. (In 2008 and 2007 that strategy generated significant profits).

January $27,740.09
February $29,477.44
March ($21,774.65)
April ($50,199.34)
May $60,484.79
June $10,165.92

Unlike last year, most of my profits this year have come from trading OTC pump & dumps rather than listed stocks. I have netted $15,861.46 from my pump longs strategy (going long the pumps being something I have learned from InvestorsLive of the InvestorsUnderground stock chat, with a weighted average profit margin of 2.89% and a win rate of 53.71%. My revived long-term short strategy, which has been hampered by the psychological difficulty I have in holding long-term shorts after the disastrous forced buy-ins and resultant losses I suffered in mid-2008, generated $3,629.18 in profits with an average weighted profit margin of 6.80% and an 84.2% win rate. All but one of my 19 trades in this strategy were of AMEL (the other was ANTS).

For my TimAlerts-related strategy, $32,228.80 in profits have come from trading OTC stocks (almost exclusively short) while only $12,103.73 in profits have come from trading listed stocks. The total profit attributable to my own trades (mostly shorts of OTC stocks) was $28,733.40 with a 1.82% weighted average profit margin, while the profit attributable to me following TimAlerts was $16,382.83 with a weighted average profit margin of 1.43%. Contrary to popular belief, I have made relatively little money this year scalping TimAlerts, with my total profit attributable to that being $2,853.38 and an average profit margin of 0.92% (note that this is not a weighted average profit margin; I just averaged each trade’s profit margin).

Disclosure: No positions in any stocks mentioned in this post. I own many of Sykes’ DVDs and I am a lifetime subscriber to his TimAlerts trade alerts service and I have a subscription to his PennyStocking Silver service. I receive a commission for every DVD bought through my affiliate link to Sykes’ web store. I am also an affiliate (and customer) of InvestorsUnderground. To see more details on my relationship with Sykes and InvestorsUnderground, please see my terms of service, which is incorporated by reference into this post.

Trade recap for July 2nd

Daily profit: $150.18

Weekly profit: $1,261.05

+    SLD    800    TOPZ    false    Stock    .970    USD    ARCAEDGE    09:30:12        3.88        null
+    SLD    1,000    IDT    false    Stock    14.130    USD    SMART    14:35:16        5.00        null
+    BOT    1,000    IDT    false    Stock    13.970    USD    NYSE    14:36:52        5.00        null

Disclosure: Short 800 TOPZ. 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.

Lawsuit reveals alleged penny stock promotion network of stock promoter Brent Pierce

Note: This article will be updated as I read the documents I have uploaded. I wanted to make them freely available to the public as quickly as possible. For background in the meantime, I suggest reading David Baines’ articles (Part 1 & Part 2) on this in the Vancouver Sun.

Here is a brief excerpt from Baines’ article (part 1):

By this time, [David] Urquhart was long gone. In September 2008, just after the stock [of Mainland Resources] peaked, he resigned. The company said his departure was “not a result of any disagreement between the company or Mr. Urquhart pertaining to matters relating to the company’s operations, policies or practices.”

Maybe so, but there was serious disagreement over compensation. In a legal action filed in U.S. District Court in Nevada this week, Urquhart claims the company owes him hundreds of thousands of dollars in cash, shares and options.

The case number is A09-591695-B and I downloaded Urquhart’s complete filing from June 23rd 2010. Below are links to PDFs of the full complaint.

Pages 1-50
Pages 51-100
Pages 101-150
Pages 151-178
Exhibit A
Exhibit B

Disclosure: No positions in any stocks mentioned and no connections to anyone 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 July 1st

I will post a trade recap of the 1st six months of the year this weekend.

09:34:30    YESD    S    0.0749    20000    NITE
09:30:14    YESD    B    0.07    20000    VERT

Daily profit: $84.00

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 June 30th

Not much today, just a quick scalp of TSLA short, although I would have done much better holding on.

Shorted 200 TSLA @ 27.096 and covered at 26.654 at SogoElite.

Daily profit: $88.40

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.