Pennystock Prophet announced that his picks will be released Mon, Wed and Fri only. I have played his past 15 picks and made money on all of them. I say that is a excellent streak. He claims he finds stocks that are greatly under-valued using his 'secret formula' but in reality he has built enough subscribers that when his alert gets out, the stock shoots up when all of them buy in at a massive scale. It's called the PSP alert effect, very similar to Tim Alert effect and Cramer Alert effect. If you have enough subscribers and the stock is low float, you would be surprised how fast they shoot up. Keep in mind, I trade these alerts for quick scalps only.
Speaking of Tim Alerts, he sent out a alert today:
NYSE:COT was alerted by Tim Sykes. Nice uptrending chart. As per Tim,
Reuters has a story that they sold $215 million worth of debt up from an expected $200 million at 1:30Pm ESt today...I expect a press release later today or tomorrow...stock is 10 cents off its 52-week highs, methinks the press release will spike it over $9 and then potentially momentum traders can push this up to $10 as it'll be a perfect breakout.
BUY +5,000 COT @8.72 LMT
SELL -5,000 COT @8.89 LMT
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