We had a very interesting guest at the TradingPub last week in Timothy Sykes. Timothy joined us at the Pub to share about a few different things to look for in penny stocks that can lead to shorting opportunities. If you google Tim's name you will find everything from reports that he is the best thing since sliced bread to reports that everything he does is hype. We try to form our own opinion of others based more on substance and our own experiences and while it was the first time Tim joined us at the Pub, he did have a very impressive call that he was extremely clear about throughout the presentation. The most impressive part of his presentation was actually the one stock he told everyone to focus on and write down... that stock was BVSN. The event was held on Tuesday following the market close and that day, BVSN had closed around a price of $33. Tim mentioned to our group that he was short and looking for a large drop. The following day, the stock was down about $5-6 at times and closed out the week at $21.22 (about 30-35% drop). One of the issues Tim mentioned with Penny stocks is finding available shares to trade as many end up on a hard to borrow lists. One of his suggestions was to setup more than one account to give users a bigger pool to choose from in case one broker did not have shares to borrow. We have included a chart of BVSN to show the steep decline (note the event was held on January 24th at the close and that is the point the arrow is pointing to).
To learn more about Tim, you can click the following link: Tim's Site
Use of the following coupon codes can also save you a good bit of money off the normal price in the event you decide to try out one of the services:
Monthly Coupon Code: TRADINGPUB Annual Coupon Code: TRADINGPUBROCKS
To view a copy of the recording, please click the following link: JAN 24 RECORDING
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Risk Disclaimer: Past performance is not indicative of future results. Futures trading involves substantial financial risk. Views of guest commentators do not represent those of TradingPub.com. Article intended for educational purposes only and not meant in anyway as a solicitation to buy or sell certain securities. Please consult your personal financial advisor before using this information for your own trading purposes.