| Sept 22, 2008
|
| REPORT: |
“I am expecting that there may be a little more downside left followed
by some decent buy programs kicking in tomorrow.”
|
| RESULTS:
|
Dow Jones Industrial Average drops 348 points or 3.22%.
 
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| |
| Sept 22, 2008
|
| REPORT: |
“…. . I am eyeing GOLD, Rangold Resources
as a possible short. It would be ideal to see it move upward a little
more tomorrow before considering shorting a little of the gold stocks.”
|
| RESULTS:
|
This stock pick, GOLD had a high of $46.63 and corrected to $35.20 in 7 trading days on October 2, 2008 for a profit potential of 32.4%.
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| |
| Sept 17, 2008
|
| REPORT: |
“AAPL, Apple Computer looks really good on the
stock chart. I love buying long a stock with this kind of stock chart
pattern, increasing volume and an accelerated price drop each day.”
|
| RESULTS:
|
AAPL had a low of $120.68 and rebounded to 144.20 the next day for a potential profit of $23.52 or 19.5% potential profit on this stock pick.
|
|
| |
| Sept 17, 2008
|
| REPORT: |
“XTO moved a little too far too fast to keep adding
to this long position. That might pull back a few bucks before an
attempt to resume the upward movement.”
|
| RESULTS:
|
The stock pick XTO, XTO Energy, pulled back $1.76 to $49.62 and then resumed upward $5.71 to $56.57 for a potential of 18% in 2 days.
|
|
|
|
| Sept 17, 2008
|
| REPORT: |
“Other stocks that I am watching for a potential long purchase are: SYUT, CHK, PTR, and SNP.”
|
| RESULTS:
|
SYUT, Synutra Int’l, had a low of $11.83 and went
up for 3 days to $26.00 for a potential of 119% potential profit!
CHK, Chesapeake Energy, opened the next day at $38.21
and went to $43.35 for a potential of 13.4% profit potential in 2 days.
PTR, PetroChina Energy, opened at $96.02 the next morning,
and moved up to $114.49 for a potential profit of 19.2% in a 2 day swing
trade.
SNP, China Petroleum, opened at $78.44 the next morning
and moved up to $92 for a potential profit of 17.2% in a 2 day swing trade.
|
|
| |
| Sept 16, 2008
|
| REPORT: |
“Stocks should open up tomorrow and are likely to move up for days
or possibly for a couple of months. It is often this type of climactic
event that causes a reversal in the stock market. The financial market
is such that it is so extremely sensitive to any negative news that when
investors feel an event takes the “risk out” of their mind,
individual investors starting buying—and tomorrow would be
a good time.”
|
| RESULTS:
|
The next two days the Dow Jones Industrial Average moved up 1,015 points or 9.7%.
|
|
| |
| Sept 15, 2008
|
| REPORT: |
“This will require AIG to have what is similar to
a “margin call” on their holdings……… AND this
has a cascading effect to other financial institutions. This will
cause more liquidity and capital constraints on other financial institutions
including banks and insurance companies….. and who knows where this
bottom.”
|
| RESULTS:
|
The next day AIG stock drops to $1.25 per share. Other financial stocks continue dropping, the Dow Jones drops 1,622 points in the following 3 weeks or 14.7%, S&P drops 220 points to 993 or 18.3%, the NASDAQ Composite drops 20.4% and stock markets worldwide drop precipitously as the credit crisis spreads in all countries, both Western and Eastern countries
|
|
| |
| Sept 15, 2008
|
| REPORT: |
“AT SOME POINT WE ARE GOING TO HAVE A CAPITULATION, which
is where all the selling is exhausted and cash comes into the market in
a big way to buy stocks at bargain basement prices. This is when
our biggest opportunity to make money will be.”
|
| RESULTS:
|
A day and a half later, the stock market starts to rebound and moves up 9.7% on the Dow, 11.5% on the S&P 500 and 12% on the NASDAQ the following two days.
|
|
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|
| Sept 14, 2008
|
| REPORT: |
“The housing stocks (DHI--DR Horton, CTX--Centex, KBH—KB
Homes, TOL-Toll Brothers, and even BZH-Beazer
Homes) are likely to pull back substantially…..”
“The ag-chemical stock sector MON, MOS, AGU, and POT have
had 2 or 3 strong up days with AGU and MON moving
up the most. These are likely to drop for a few days and I’ll
be looking at shorting these two tomorrow.”
|
| RESULTS:
|
In the following 4 days, here is what happened with this group of stock picks; DHI dropped in price giving a profit potential as a short sale of 15.2%, CTX dropped $5.17 for a 41.4% potential profit,, KBH dropped $3.75 for a potential profit of 20.1%, TOL dropped $3.22 for a potential of 14.6% profit and BZH dropped from $8.83 to $5.00 or $3.83 for a potential profit on the short sale of 76.6%!
The following group of stock picks are from the same sector: MON dropped $9.35 for a potential short sale profit of 9.1% in 2 days, MOS dropped $12.92 for a potential short sale profit of $16.5%, POT dropped $18.13 points for a potential of 12.4% and AGU dropped $9.20 for a potential short sale profit of 14.3%--in ONLY 2 days!
Also on July 9, 2008, King wrote, “If the pattern continues with the agricultural chemical stocks like MON, MOS, AGU, and POT……… Don’t be surprised to see the commodity sector stocks like these 4 here, for example, will eventually let the air out of the balloon.” These 4 ag-chemical stocks dropped 45-70% by October 24, 2008.
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| |
| Sept 10, 2008
|
| REPORT: |
“I am looking for some rebound in a couple of sectors
that I discussed last night, which are primarily the solar and coal stocks.
These have a high probability of rebounding first with the strongest move
upward relative to other sectors.”
|
| RESULTS:
|
The next 2 days this group of stock picks were swing trades on the long side, FCL, Foundation Coal went up 13.1%, MEE, Massee Energy went up $5.15 or 12.5% and ACI, Arch Coal went up $5.43 or 14.9%.
|
|
| |
| Sept 4, 2008
|
| REPORT: |
“I am short STSI and this is poised to get to $3
target price giving a good 22% profit…..”
|
| RESULTS:
|
Twelve days later on September 16, 2008, the stock pick STSI, Star Scientific, reaches $2.96 for a 36% profit potential on this short sale using the bullshort trading strategy as taught in The Wizard Training Course.
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| |
| Sept 2, 2008
|
| REPORT: |
“I shorted BDSI, BioDelivery Sciences today…..”
“I also shorted TAYD, Taylor Devices and that did
quite well. I did not get most of that big drop today.”
|
| RESULTS:
|
This was a bullshort stock trading strategy: BDSI, Biodelivery Sciences reached a high of $4.74 and corrected to $2.81 a week later on 9-9-08 for a potential profit of 68.6%!
TAYD, Taylor Devices, a short sale stock pick, had a high of $8.25 that day and corrected to $5.59 three days later for a potential of 47.5% profit in 3 days!
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|
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|
| Sept 1, 2008
|
| REPORT: |
“I am looking for the ag-chemical companies to drop from here, they
represent the commodities in a general way. MOS, MON, AGU and POT.”
“Financial stocks are also likely to make a general downtrend with
lower lows and lower highs…..”
|
| RESULTS:
|
The agricultural-chemical companies MON, MOS, AGU, POT dropped 40-60% in the following 6 weeks. The US Financial Sector Index ETF, IYF, dropped from $74.42 on September 3, 2008 close to $44.93 low on October 10, 2008 for a potential profit of 65.6% on a short sale of IYF (long etf on financial stocks) or a purchase of SKF (Ultrashort Financials etf) at $108 to $205.29 for a potential profit of 97.2% in 5 weeks on the Index—many individual financial stocks dropped much further!
|
|
| |
| August 27, 2008
|
| REPORT: |
“TACT is a bullshort (short sale) had a high of $13 last week……
”
“After Labor Day, people start to come back into the market after
returning from vacation. September through December or even January,
we normally get a lot of volatility during these months. So we are
going to get a lot of good trading opportunities in the coming months.”
|
| RESULTS:
|
TACT, Transact Technologies was a bullshort at $12.50 and the stock went against us 50 cents. Then TACT dropped from $13 high to $5.12 the following 6 weeks for a potential profit of 154%.
The volatility in September and October was unprecedented and not even King had predicted this much volatility. October is a notoriously negative month and this October 2008 was unbelievable with the mortgage, investment bankers, money center banks, insurance companies and the credit crunch all causing large drops in virtually all stock prices.
|
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| |
| August 28, 2008
|
| REPORT: |
“It looks like GS, Goldman Sachs will have a few
up days.
BAC, Bank of America, also doing well and should continue
to move up.”
|
| RESULTS:
|
GS went up several days by about $7 a share.
BAC, went up from $31.42 to $35.65 a week later for a 13.4% potential profit.
|
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| |
| August 26, 2008
|
| REPORT: |
“FA, Fairchild Corp bullshort stock pick (short
sale) at $3.53 high.
Med, Medifast (diet products) bullshort stock pick after
reaching $9.00.
STP, Suntech Power was a stock pick as a short sale at
$43.19.
SOLF, Solarfun Power, bullshort stock pick.”
“I think we are in a perfect environment for a correction.”
|
| RESULTS:
|
On August 26th FA had a high of $3.53 and a low of $2.50 three weeks later for a potential profit of 40%.
MED, Medifast bullshort stock reached a high of $9.00 several times the following week and corrected to $$4.09 on October 10, 2008 for a potential profit of 120%.
STP, Suntech Power was at $43.19 and corrected to $35.34 ten days later for a 22.2% potential profit as a bullshort or if you held that short position open as an intermediate term stock position, STP hit $11.50 on October 27th and October 28, 2008 for a potential profit of 275.5%!
SOLF, SolarFun Power, dropped from a high of $19.94 to a low of $4.70 in the following 6 weeks for a potential profit on a short sale (using the bullshort trading strategy) of 324%.
Nasdaq Composite dropped 37% in the following 2 months; Dow Jones 30 dropped 31%; S&P 500 dropped 34%.
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