IMDS rallied Nov 24, 2009. Looks ripe for another correction.

IMDS made a second big jump in row; the stock seems to fit what Tim Sykes calls Stair Stepper pattern in his educational video -- although he rarely if ever trades stocks this cheap. It's common for such stocks to pull back after such events. It's interesting that in the 5-min chart, the rally is seen to be basically dominated by the first 15 minutes of trading. In the long range chart, the historical highs for IMDS are still way up, while the slow but steady growth in volume looks promising.

MCLN, Nov 24, 2009

MCLN made another step so I am adding this event to my database of extreme penny-stock events, with day and intra-day charts for future reference and visual learning. Note the intra-day correction which bottomed around 50% of day's gain. The intra-day pattern resembles EOPI and PLMO on their rally days.

Tim Sykes' AENY trade, Nov 19, 2009

I continue building a database of Tim's trades on the basis of trade log on his site for research and education purposes. What interests me is not so much when exactly the trade was entered intra-day but rather, the longer time scale context in which it was placed. Since selecting trade ideas is the key to success in penny stocks, the goal here is to reconstruct the selection criteria, not the details of trade execution. The trade was closed Nov 19, with buy level at $2.80, sell level at $3.02. According to public data on Tim's site, this is a long trade entered on Nov 18th -- and that's essential to know. It's interesting again at what price level this break-out was bought, and note that even though the next day opened with a gap upward, the stock was sold -- which in this case proved prudent. So again, ignoring technicals when closing the trade once it's profitable is the thing I take home from this trade -- it could be a chance or it could be a time-tested wisdom.

Tim Sykes' NLST trade, Nov 18, 2009

According to the log on Tim's site, the buy level was $4.16, sell level $4.40. It is interesting that the stock was going up on the day the trade was reported, but Tim's blog makes one feel he approaches the stock with a short bias. Most likely this is a short trade initiated the day before, Nov 17. If so, the trade was closed early the next day's morning which in this case proved prudent. This is an example illustrating how long to wait before entering a short trade -- waiting for the market to prove one's assessment.

Tim Sykes' IMGG trade, Nov 18, 2009

On TimothySykes.com, this is entered as a winning trade with sell level at $1.64, buy level at $1.42. There is little doubt that this is a short trade, initiated most likely early in the Nov 17th session. The company filed 10-Q on Nov 13, which triggered a rally. The following day it must have looked like the stock ran out of steam. It is interesting that when closing the trade, a powerful technical indicator (an opening with a downward gap) was ignored -- similarly to the way it was done for AWSL. Does ignoring technicals in the short trades begin to look like a feature of Tim's style? Something to be aware of when analyzing future trades.

Tim Sykes' VRMLQ trade, Nov 13, 2009

On Thursday morning, Nov 12, VRMLQ announced a patent news, triggering a rally. It's very interesting that, according to the buy and sell figures reported on his site, Tim entered the rally after or near the technical break-out at $21.50 (sold next day at $22.97). Therefore this looks like a technical long trade in a news-driven context -- unlike his recent EOPI trades which were purely fundamental shorts while technical context was ignored. The balance of technical and fundamental vis-à-vis long and short in this market is a food for thought.

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).