Tim Sykes Method - Update on my picks

Well lets see what is happening with my picks. I chose: SCON, ZANE and BLDP.

Lets start with SCON:

It played up around 3.40$ yesterday then retraced and closed at 3.12$ This is a potential short. I'll keep an eye on it today. Its shy but I think it has the potential to go down. The volume is still too high. It support the price. When it will be fading, it will be shorting time.

ZANE:

Now look at this! Dropped like a poh! I didn't even have time to get into the party. I missed the fun. Oh well, there will be another party coming soon. Don't worry.

BLDP:

Now look at this one. Just perfect! It started its retrace, the volume is fading. Looks like a short to me. I'll short this one at the opening of the market.

Tim Sykes Method - My picks

Ok lets get to business.

As one of my three main objectives at the beginning of the year I told that I want to make money. To do so I started to use two methods. Tim Sykes Method for pennystocking, and Turtle method for Forex. Lets focus on pennystocking for now.

On January 25th I picked two stocks using Sykes method. I picked NVGN and RNN. I shorted 500 shares of each. NVGN at 1.44$ and RNN at 1.52$. Yesterday February 2th, I covered both my positions on them. NVGN at 1.01$ and RNN at 1.45$. This makes me a profit (before trading fees) of 215$ for NVGN and 35$ for RNN, for a grand total of 250$ profit.

Here are the stocks on my watch list now:

SCON

ZANE

BLDP