Comments on: How I Stopped Stockpreacher’s Alanco (ALAN) Bull Raid http://www.reapertrades.com/2009/07/how-i-stopped-stockpreacher%e2%80%99s-alanco-alan-bull-raid/ Reaping Profits by Trading Penny Stocks Tue, 20 Dec 2011 21:33:55 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Reaper http://www.reapertrades.com/2009/07/how-i-stopped-stockpreacher%e2%80%99s-alanco-alan-bull-raid/comment-page-1/#comment-6105 Reaper Sun, 04 Apr 2010 00:18:33 +0000 http://reapertrades.com/?p=98#comment-6105 There are large differences between a NASDAQ stock that goes up 100% in a few minutes due solely to a stock pump and a penny stock with a controlled float that goes up 500% in a few weeks due to stock pumping and coordinated press releases from the company. Looking just at StockPreacher's pumps (Nasdaq or OTC BB), short selling the stock once it was up 100% in a few minutes and then closing the position at the end of the day would've been hugely profitable (shorting at 50% up probably would've been uniformly profitable as well). I would've done it more if I could've found shares to short more often. There are large differences between a NASDAQ stock that goes up 100% in a few minutes due solely to a stock pump and a penny stock with a controlled float that goes up 500% in a few weeks due to stock pumping and coordinated press releases from the company.

Looking just at StockPreacher’s pumps (Nasdaq or OTC BB), short selling the stock once it was up 100% in a few minutes and then closing the position at the end of the day would’ve been hugely profitable (shorting at 50% up probably would’ve been uniformly profitable as well). I would’ve done it more if I could’ve found shares to short more often.

]]> By: chiggles http://www.reapertrades.com/2009/07/how-i-stopped-stockpreacher%e2%80%99s-alanco-alan-bull-raid/comment-page-1/#comment-6093 chiggles Sat, 03 Apr 2010 22:57:53 +0000 http://reapertrades.com/?p=98#comment-6093 "Some fellow stock traders were impressed with my courage in short selling a stock that was up 100% on manipulation without even waiting for the buying pressure to ease up" Blind luck, thats all... Would love you to repost this theory now Reaper given stocks up 500%+ on pumps lately, that havent retraced as much... You would be screwed if you followed this niaive logic from 2009 in the past 2 weeks. “Some fellow stock traders were impressed with my courage in short selling a stock that was up 100% on manipulation without even waiting for the buying pressure to ease up”

Blind luck, thats all… Would love you to repost this theory now Reaper given stocks up 500%+ on pumps lately, that havent retraced as much… You would be screwed if you followed this niaive logic from 2009 in the past 2 weeks.

]]> By: How I made $1,600 (20%) by short selling pump & dump XSUNX, Inc (Public, OTC:XSNX) « Reaper Trades http://www.reapertrades.com/2009/07/how-i-stopped-stockpreacher%e2%80%99s-alanco-alan-bull-raid/comment-page-1/#comment-892 How I made $1,600 (20%) by short selling pump & dump XSUNX, Inc (Public, OTC:XSNX) « Reaper Trades Thu, 10 Sep 2009 19:45:36 +0000 http://reapertrades.com/?p=98#comment-892 [...] (OTC BB: XSNX) was pumped this morning by StockPreacher (whose pump of ALAN was an awesome short for me months ago) and Beacon Equity (both are owned by the same people). They were paid 900,000 shares by [...] [...] (OTC BB: XSNX) was pumped this morning by StockPreacher (whose pump of ALAN was an awesome short for me months ago) and Beacon Equity (both are owned by the same people). They were paid 900,000 shares by [...]

]]> By: Reaper http://www.reapertrades.com/2009/07/how-i-stopped-stockpreacher%e2%80%99s-alanco-alan-bull-raid/comment-page-1/#comment-29 Reaper Fri, 31 Jul 2009 00:22:35 +0000 http://reapertrades.com/?p=98#comment-29 Ha! My dentist's office in St. Louis was actually next to the office of a penny stock. It is crazy how smart people will be snookered by such crap. Ha! My dentist’s office in St. Louis was actually next to the office of a penny stock. It is crazy how smart people will be snookered by such crap.

]]> By: Preston http://www.reapertrades.com/2009/07/how-i-stopped-stockpreacher%e2%80%99s-alanco-alan-bull-raid/comment-page-1/#comment-28 Preston Thu, 30 Jul 2009 23:12:49 +0000 http://reapertrades.com/?p=98#comment-28 Ok, first I thought I commented on the wrong blog, now I realize that it was some time ago, my bad. I will be moving to Baytown Tx. end of this year so I will find out what your talking about, and leaving a decent house for a company apartment to boot. Hopefully I can do what my company wants in Tx which is start a new division. I'm glad your doing good, I will continue reading and learning. It does seem to me that what you do is somewhat more steady and even though it's not huge one time sells it seems that if everyday you stick to your strategy, taking small rpofits and developing a system that works for you is good. I noticed you might offer a paid service one day, that would be great. I really would like to learn, not just get stocks given to me, learning to me is 95% of it, thats the fun part, the money will come later. My boss sent me a email some time ago, it was a pump for a stock, if I knew what I know now I would have took advantage of it (NXPN), it was around 1.57 and it's .03 now. I told him then to leave that alone, I looked at there financials, read the entire pump sheet, at the bottom it said they were paid to promote the stock. At the time I knew very little about shorting. Take care Preston Ok, first I thought I commented on the wrong blog, now I realize that it was some time ago, my bad.
I will be moving to Baytown Tx. end of this year so I will find out what your talking about, and leaving a decent house for a company apartment to boot. Hopefully I can do what my company wants in Tx which is start a new division.

I’m glad your doing good, I will continue reading and learning. It does seem to me that what you do is somewhat more steady and even though it’s not huge one time sells it seems that if everyday you stick to your strategy, taking small rpofits and developing a system that works for you is good.
I noticed you might offer a paid service one day, that would be great. I really would like to learn, not just get stocks given to me, learning to me is 95% of it, thats the fun part, the money will come later.
My boss sent me a email some time ago, it was a pump for a stock, if I knew what I know now I would have took advantage of it (NXPN), it was around 1.57 and it’s .03 now. I told him then to leave that alone, I looked at there financials, read the entire pump sheet, at the bottom it said they were paid to promote the stock. At the time I knew very little about shorting.
Take care

Preston

]]> By: Reaper http://www.reapertrades.com/2009/07/how-i-stopped-stockpreacher%e2%80%99s-alanco-alan-bull-raid/comment-page-1/#comment-27 Reaper Thu, 30 Jul 2009 22:52:52 +0000 http://reapertrades.com/?p=98#comment-27 Preston -- I'm not really in much of a slump now -- the Stockpreacher helped get me out of it (keep in mind this post was originally written in mid-May. More than anything I've been lazy in my trading the last two months as I've had to deal with so much other junk (there is a lot to do to move interstate!) and I've been on a fitness kick. The good thing about trading is if you are in a slump you can always choose to not trade or trade small. Preston — I’m not really in much of a slump now — the Stockpreacher helped get me out of it (keep in mind this post was originally written in mid-May. More than anything I’ve been lazy in my trading the last two months as I’ve had to deal with so much other junk (there is a lot to do to move interstate!) and I’ve been on a fitness kick.

The good thing about trading is if you are in a slump you can always choose to not trade or trade small.

]]> By: Preston http://www.reapertrades.com/2009/07/how-i-stopped-stockpreacher%e2%80%99s-alanco-alan-bull-raid/comment-page-1/#comment-26 Preston Thu, 30 Jul 2009 22:41:29 +0000 http://reapertrades.com/?p=98#comment-26 I think I'm going to enjoy your writing and website, of course I liked it at the Fool as well. I really hate to hear you've been in a slump, but I guess that happens. Even in my career you tend to lose your edge every now and then, especially on smaller jobs with less people, you tend to take things for granted then next thing you know something goes wrong. I have stopped trading until I get a better handle on my trades, quit going blindly into trades. I am taking your advice and reading about Tim, I will join when I have gone as far as I can go, I also started reading about Muddy and his site, good stuff. I am sure you are learning from your mistakes, thats the most important part atn the end of the day, identify and correct. Preston I think I’m going to enjoy your writing and website, of course I liked it at the Fool as well.
I really hate to hear you’ve been in a slump, but I guess that happens. Even in my career you tend to lose your edge every now and then, especially on smaller jobs with less people, you tend to take things for granted then next thing you know something goes wrong.
I have stopped trading until I get a better handle on my trades, quit going blindly into trades. I am taking your advice and reading about Tim, I will join when I have gone as far as I can go, I also started reading about Muddy and his site, good stuff.
I am sure you are learning from your mistakes, thats the most important part atn the end of the day, identify and correct.

Preston

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