How To Trade Stocks

 I just ran across this site

http://timothysykes.com/ it reminds me of the HYIP investment deals that use to be all over the interent, only with this system people are using the Nasdaq stock market to pretty much do the same thing.

here is what he is currently trading -

Right now he just shorted GROW, shorted at $8.95 but it closed the day at 9.02 so it looks like it still might be a good trade, will have to watch this one.

covered OCLS closed 3.38 - with $1240 profit (down to 3.38 from 5.5)

CBOU - closed 6.89 - looks like a buy above $7

FEED - closed 7.12 went from 1.00 to 7.12 since February

USCN - pump and dump closed at .505 high was .90

SYMX - closed 1.15 - Tim is trying to find shares to short.

watching OCLS and AGEN both had positive drug news.

it looks like many times you need to get up at 7:00 am eastern and then reserve your shares to short for later in the day. I was really hoping for something that I could do during market hours and not stay up all night working on.

to show you EXACTLY what it’s like to trade with just a few thousand dollars—basic online discount brokers like Thinkorswim—the one I personally use and recommend for shorting these Penny Stocks—don’t offer such luxuries so each morning you just gotta call them up or go to their site and click the “live chat” window and ask to borrow shares of whatever stock you might want to short that day. Now I’ve learned you don’t even have to place an order right away—you can reserve the shares for the day and ask Thinkorswim to make a note in your account…and then contact them again if and when you want to execute that short sell order. Very convenient, no risk, no cost. So don’t even risk it, just reserve the shares and look to pounce really only if there’s an afternoon fade to negative on the day…that’s by far the most reliable pattern to short into on these pumped up Penny Stocks.

from his blog here 

June 3, 2009