Holdings > Holding Rationales > Eye Opening Data: PennyStockin...
Holding: CNEH
TimothySykes [10749] 

| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| CNEH | Exploration and Production | 5.98% | n/a | 4 | 30-Jun-08 | Prior Holding |
14-Jul-08
Eye Opening Data: PennyStocking Isn’t Only For Day Traders
Holding Rationale for CNEH.
You know how I’m saying on this blog, in my PennyStocking DVD, on LiveStock, basically everywhere, “you can do better than me, my timing usually stinks”? (latest proof is me selling IDAE today for a $600+ profit at $2.49, only to see it close higher, seemingly on its way to $3 (detailed blog post coming))
Well, thanks to one of my readers for posting THIS table of how you would’ve fared if you entered the stocks I traded in June and simply held them longer. I have the patience of a mouse in a cheese factory so no matter my 14% June return, check out how much more these stocks moved in the direction I played them, whether long or short:
I went back to Tim’s June trades and did a “Where are they now?” to check the ideal return you could have gotten given Tim’s entry price, if you would have held on longer (sometimes a month longer). I know this doesn’t follow Tim’s strategy but I thought it was fun to see what happened to these stocks afterward. For the most part they continued much further in the direction Tim played them, with HYHY being the only really dangerous one, a long play that turned sour -45%.
Stock — Ideal return after Tim’s exit
CNEH — 23%
URRE — 45%
PINN — 19%
HYHY — 16%
TGC — 120%
STXX — 65%
PTEK — 40%
GRO — 50%
NTI — 31%
Given Tim’s entry price, you could have gotten a … [visit site to read more]
Posted at 12:56 in Holding Rationales | Permalink | Comments () | Top
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