Can’t believe it’s been another year already

Remembering September 11, 2001

First and foremost I’d like to take a few moments to remember all those affected on September 11, 2001. It’s important to realize just how important people are around you. For some, the events of 7 years ago hit extremely close to home as the rest of the country stood shaken and in disbelief. Tomorrow my girlfriend celebrates the life of her Uncle, Captain John Ogonowski. We all have someone we deeply care about, and I see no other day as appropriate to let them know their impact on your life.

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Lotta stocks have been on fire lately, made nice on XSUNX Inc. (XSNX.OB) this morning – lotta profits to go around on that one – some even short it after the .20 break HERE and HERE.

[Sep 10, 2009 6:34:45 AM PDT] InvestorsLive XSNN pump too

[Sep 10, 2009 6:35:07 AM PDT] InvestorsLive XSNX I mean

[Sep 10, 2009 6:39:34 AM PDT] InvestorsLive just be sure to lock in into the power (20 breakish) on XSNX

[Sep 10, 2009 6:39:40 AM PDT] InvestorsLive lock some profits in, very nice and easy quick $$ on htat one

[Sep 10, 2009 6:40:02 AM PDT] InvestorsLive there’s .20s

Bioheart, Inc. (BHRT.OB) I gapped yesterday hit over $1.50 today ! congrats for those who played from 1.14

Discovery Laboratories Inc. (DSCO) should be in play tomorrow has been a great one in the past but nailed it after hours some others played in chat as well, quick quick money hit .73 cents

Scan for Sept 11

Applied Micro Circuits Corp. (AMCC) been on my scan past two nights. Looking for a surge through $10 in the morning tomorrow then profit taking to potentially kick in – ONLY if its a surge, if its slow and steady this may be a nice slow steady grind all day higher. Here’s from last night:

Applied Micro Circuits Corp. (AMCC) on scan for the second day in a row, was looking for a breakout on last nights scan and got it, this may have more towards $10 test where volatility may pick up a bit

Kulicke & Soffa Industries Inc. (KLIC) perfect breakout from 5.99 today even gave the tweets a MASSIVE heads up – nailed it in chat – didn’t hold over night sold into the rush at the close but will be in play again tomorrow in my opinion, each high is a new 52 week high

General Moly, Inc. (GMO) – nice alert in chat today I didn’t play it but I’m looking for a correction back to $3.25 area – watch for the red to green action for a long this may have some legs in it

Verify Smart Corp. (VSMR.OB) – I bought at 1.09 this morning 3,000 shares thanks to Lebed’s alert – I usually play them if I get an early fill but won’t chase them otherwise. One penny from low of day isn’t that bad Holding this one over night as well and more newsletters tonight wouldn’t be surprised to see this hit $1.50 + tomorrow

[Sep 10, 2009 6:29:38 AM PDT] InvestorsLive VSMR – Lebed just now

[Sep 10, 2009 6:39:12 AM PDT] InvestorsLive VSMR go Lebed go

Amongst other alerts – I alerted I was holding it over as well:

[Sep 10, 2009 12:53:52 PM PDT] InvestorsLive gapping Lebed’s POS hopefully he pumps hard

Hydrogenetics, Inc. (HYGN.PK) first time its ran in months, watch this one on dips under a penny it may be a nice swing for those that like the cheapies – its a total POS but subs are hot – provided a nice 50% move on the .01 break pretty qucik too – don’t buy breakouts just watch for dips I’l probably be trading it if it has volume tomorrow

Merix Corp. (MERX) breakout watch at $2.20 (52 week high)

Rodman & Renshaw Capital Group, Inc. (RODM) nailed it on scan last night was 100% short biased and bammmm huge tank out of open, then re short later on in the day with a $5.35 avg – had a nice slide to $5.10 before the close

[Sep 10, 2009 8:08:14 AM PDT] InvestorsLive I’m s/s on RODM again 5.35 avg so far

Manhattan Scientifics, Inc. (MHTX.OB) been on my scan which has been picking up some SERIOUS movers lately

NGAS Resources Inc. (NGAS) nice play today sold in the $2s will surely be in play tomorrow again in which case I may rebuy – but watch for $2s to hold if they do with vol this can easily do $2.25 – but if it dips and gets stuck under $2.. forget it

[Sep 10, 2009 9:50:27 AM PDT] trupik NGAS 1.84

[Sep 10, 2009 9:57:34 AM PDT] InvestorsLive nice alert NGAS

[Sep 10, 2009 9:58:02 AM PDT] InvestorsLive longed some

Powerwave Technologies Inc. (PWAV) alerted mid day as a long – closed at the high but I didn’t over night it, will re-buy tomorrow if it holds $1.50 area nice breakout over prior resistance

[Sep 10, 2009 10:21:52 AM PDT] InvestorsLive long PWAV

Market Summary

During pre-market trading, it seemed as though investors might pocket a portion of the four-day advance for Wall Street, but improved economic data and a boosted sales outlook from Procter & Gamble Co. (PG) gave the market another leg up. Futures turned positive early in the morning following a better than expected weekly jobless number and closed strong into the bell.

The Dow Jones Industrial Average rose 80.26, or 0.8 percent, to 9,627.48 while the broader S&P 500 index rose 10.77, or 1 percent, to 1,044.14. The Nasdaq composite index rose 23.63, or 1.2 percent, to 2,084.02. The Russell 2000 index of smaller companies rose 8.50, or 1.5 percent, to 594.90.

The Standard & Poor’s 500 index, which is widely used as the benchmark for U.S. equities, has risen 54.3 percent since hitting a 12-year low in March.

Bond prices jumped following a strong showing at a fed auction of $12 billion 30-year Treasury’s. The yield on the benchmark 10-year Treasury note fell to 3.33 percent from 3.48 percent, while the yield on the 30-year bond fell to 4.17 percent from 4.33 percent.

Crude oil rose after the International Energy Agency increased its 2010 estimate for global demand for a second consecutive month and as the dollar tumbled against other major currencies. The agency predicts demand will increase by 450,000 barrels a day more than previously estimated. Light, sweet crude rose 63 cents to $71.94 a barrel on the NYMEX Thursday.

Weekly Jobless Claims for September 5th

The number of Americans filing first-time claims for jobless benefits dropped last week to the lowest level since July, a sign the labor market is deteriorating at a slower pace.
Applications fell by 26,000 to 550,000 in the week ended Sept. 5, lower than economists forecast, from a revised 576,000 the week before. Continuing claims dropped by 159,000 in the week ended Aug. 29 to 6.09 million, the lowest level since early April.

U.S. Imports Rise in International Trade

The Commerce Department reported today that the U.S. trade deficit widened in July as imports rose by a record 4.7 percent, reflecting an increase in domestic demand. The gap between imports and exports grew 16 percent, the most in more than a decade, to $32 billion from a revised $27.5 billion in June that was larger than previously estimated. Imports outpaced a 2.2 percent gain in exports.

GM=$$

Anyone who buys a General Motors car will be able to return it for a full refund within 60 days if they’re not totally happy with it, the automaker announced in efforts to capitalize on the improvements in GM’s products over the last several years

Except………What you can take home from learning Tim’s strategy which is much like ours at InvestorsUnderground except we trade every day – we are those addicts he talks about. But the good thing is once you understand his strategy its very easy to apply it over and over again and very similar to the way we trade. I think the most important part is not just being able to pull the trigger because someone who is a good trader has done it but rather what made it a good buy or short, what they saw, how they anticipated it and how you can do it on your own. Tim has convinced me to attend so I’ll be there.

From Tim’s recent post:

REMINDER: YOU HAVE UNTIL SEPTEMBER 11th TO REGISTER HERE FOR MY 2-DAY LAS VEGAS INTENSIVE WORKSHOP & RECEIVE A FREE INSTRUCTIONAL DVD PACKAGE OF YOUR CHOICE & GET FED 4 MEALS ALL FOR A VERY LOW PRICE…SEE DETAILS HERE

If you prefer TV to reading, just tune into LiveStock right here today, 1-2PM EST…yes, it’s on Thursday this week, not Friday as I’ll be repeating everything that’s written below and more like talking about m take on hot stocks like Opexa Therapeutics Inc. (OPXA)

If you’ve been reading my stuff for the past few weeks, you know:

1. I’ve held the #1 spot out of 30,000+ traders on Covestor for over 2 years now (3 others in the top 10 are also my PennyStocking DVD students) and not one other newsletter writer or trading coach is even in the top 100, let alone on the site in the first place because Covestor tracks and verifies all trades, (cowardly snakeoil salesmen-polluted industry shame on you!) and my fully transparent TIM trading account is up 507% in the past 2 years, up 77% in 2009 alone, every trade detailed for your viewing pleasure.

2. On October 18th and 19th, 2009, there will be a 2-day PennyStocking conference in Las Vegas, to be held somewhere nice on the strip. If you can’t make it to Vegas, you can also attend the conference via live webcast and not miss a second of the education.

2. There are 2-day passes and 1-day passes available for purchase, but only the 2-day pass attendees are entitled to receive a FREE DVD package of your choice (a $397 to $597 value) from my online store in addition to receiving a rather fat instruction manual for the conference and the entire 14 hour-ish recording of the conference in DVD format within a few weeks of the conference, let’s say by Thanksgiving.

3. You have until midnight EST on Friday September 11th, basically 40 hours from now to signup HERE or else the price goes up a ton and you get no free DVD because I need a final headcount ASAP to book the place…probly Harrah’s or MGM, some place like that.

4. You can see pictures and attendee reviews from last year’s Vegas conference in this blog post. This year, everyone’s going on camera (unless you don’t want to, some traders are really ugly and weird and shy) so I can hear what everyone thinks about the conference and my strategy, the good and the bad so I can improve too.

Those are the basics, so what’s happened in the last week that merits me sending yet another email about this event:

1. One of my top students published his 8 reasons why he thinks you should attend, while enjoying two separate days of daily profits of $3,000+, bringing his part-time trading gains using my strategy to $87,656 in the past year, as he notes on the right side of his website.

2. My strategy has been on absolute fire in this bull market (I’m the only happy short seller as PennyStocking excels in market environments like these) with TIMalert subscribers earning $22,000 yesterday (details will be on TimothySykes.com later today), $35,000+ the day before, and days like that $50,000+ one last week. All told TIMalert subscribers are up over $600,000 in 2009 and even though I don’t like setting goals, $1 million in annual trading profits is within reach.

3. Another trader who has been on fire, the guy behind InvestorsLive.com, is now confirmed to attend and answer any questions so you won’t just learn from me alone. If a few more people signup, the infamous Michael Goode will show up too so you might very well get to learn from all three PennyStocketeers (yah, we gotta work on a better name)

OK, message over, I feel content that I’ve tried as hard as I could to get you to learn my stuff. If you have any questions, just contact me

Remember you only have until tomorrow, September 11th to signup for a 1-day pass (if you’re a little cheap baby who doesn’t reocgnize the value of a deal) or sign up for a 2-day pass (for people who understand the tremendous benefits of seeing me build a watchlist step-by-step all day Sunday, October 18th and then trade live all day on October 19th and likes the bonus of the FREE DVD package of their choice, meaning they get access to the 2-day conference, food, instruction manual and conference recording all for one very low price

Wall Street rose Wednesday in a back and forth session. Stocks turned positive shortly after the open, however returned gains following the release of the fed’s beige book during mid afternoon action. Stocks rebounded into the close, with the Dow Jones Industrials rising 49.88, or 0.5 %, to 9,547.22. The blue chips have gained 267 points, or 2.9 % over the past four sessions. The broader Standard & Poor’s 500 index gained 7.98, or 0.8 %, to 1,033.37, while the Nasdaq composite rose 22.62, or 1.1 %, to 2,060.39.

Morning Outlook

Stocks in Asia rose overnight following recovery hopes in the fed’s release of the beige book yesterday. Japan’s Nikkei 225 index rose 201.53 points, or 2 %, to 10,513.67 despite a drop in core machinery orders. Hong Kong’s Hang Seng added 218.52, or 1.1 %, to 21,069.56, while Korea’s Kospi was up 2.3 % at 1,644.68

After being solidly green during morning trading, European markets turned downward after U.S. futures turned negative. Germany’s DAX lost 8.36 points, or 0.15% to 5,565.90 and Britain’s FTSE 100 declined 0.83%, 41.74 points to 4,962.56. France’s CAC-40 was down 0.53 % at 3,688.16. The Bank of England is holding its key interest rate steady at 0.5 %; marking the sixth consecutive month it has kept rates at an all-time low. The BOE will also keep their asset purchase plan at $290 billion.

Like Europe, Wall Street futures reversed directions, and we are now looking at a lower open on Thursday. Dow Jones industrial average futures fell 21, or 0.2 %, to 9,517. Standard & Poor’s 500 index futures fell 3.00, or 0.3 %, to 1,029.50, while Nasdaq 100 index futures fell 3.25, or 0.2 %, to 1,662.75.

Economic Calendar

8:30 AM
International Trade: Measures the difference between imports and exports of both tangible goods and services. Imports may act as a drag on domestic growth and they may also increase competitive pressures on domestic producers. Exports boost domestic production. We have had huge trade deficits in recent years, with foreign countries able to produce goods cheaper. The U.S. is expected to have run a trade deficit of $28 billion in July; up from $37billion the previous month on renewed demand for petroleum.

8:30 AM
Jobless Claims: New unemployment claims for the week of September 5th , to show the number of individuals who filed for unemployment insurance for the first time. The fewer people filing for unemployment benefits, the more have jobs, the more income in the consumer’s pocket, as well as a forecast on the strength of the economy. The consensus is for an increase of 565,000 for first time jobless claims, down from last week’s reading of 570,000; with the four-week average standing at 571,250. Continuing claims rose 92,000 to 6.234 million.