Tim Sykes' EONC trade, Jan 4, 2010

Again somewhat surprisingly, this trade idea was a short according to what I am gathering from reading Tim's site. Not sure when he entered the short trade. According to his log of recent trades, the buy level was $5.90 and the sell level $6.09. As usual the trade could have been entered not on the day it is shown in the chart. From the day scale chart, and again with the benefit of hindsight, executing this successfully seems hard to do.

Tim Sykes EONC trade, Nov 11, 2009

I continue collecting a gallery of Tim Sykes' recent trades so that with time it may become a useful educational tool. As I gather from the blog entries on Tim's site, the stock was shorted on fundamentals (misleading earnings report). The strong conviction explains another short trade in EONC (the first one is found here).

Tim Sykes' EONC trade, Nov 10, 2009

This post is another addition to the gallery of Tim Sykes' trades -- I am trying to reconstruct the logics of his decision-making. Most likely this is a short trade (but strictly speaking, in a complex case like this one can't be 100% sure). If this is a short, then a change in the intra-day trend on Nov 9 and an opening with a gap (down) must have served as a trigger. (Another hint to pay attention to inter-day dynamics). Either way, a difficult trade to execute.