As I emailed TIMalert subscribers in near real-time, I sold my HYHY position near the market open at $2.37 for a solid, if not extraordinary, 6% overnight gain of about $265, putting TIM up 8% on the month and right back to my old highs, up 55% since November 2007.

You see for all my crazy—some say—theories, but this time proven right…yet again…suckas, I stink at timing my trades. (As I think I proved beyond a shadow of doubt with my woeful but carefully controlled losses in May) Scared by my own openness (probly best not to call a company you’re long a fraud) in last night’s post and another scathing overnight article on The Fool (the hypocrites wouldn’t publish a nice review of my book An American Hedge Fund by one of their writers cuz it deals too much with penny stocks—man, I’m telling you Back of the Bus-type discrimination makes me sick) entitled “Potential Scam Alert”, I wasn’t sure how much longer this rally would last. … [visit site to read more]