Short Selling Penny Stocks
We ALL get the emails, “UOMO is going up big, buy today” , “If you’re looking for 3000% gains go long XYZ”…the dreded penny stock pump and dump! The pump and dump often plagues new traders looking for huge returns and veterans trying to play them along with the “pumper”. But it’s often very risky and millions are lost everytime the “pump” is on. But there’s one person I personally know (I was able to have a nice sushi lunch in NY with him) who trades the “pump and dump’s” and makes a KILLING doing it! You’ve all heard about him and his name is Tim Skyes. Love him or hate him, he’s one of, if not the best person out there for penny stock info and trading.
See you and I hate spam, but Tim LOVES it…because he trades the spam, and trades it well. Today I’ve asked him to give us crash course on Short Selling penny stocks, and I can truly say he delivers. Please take time to read the article, visit TimothySkyes.com if you’re even remotely interested in how the whole penny stock world works, and then let the comments FLY! He wants to answer any and all questions and if you’d like to know what he’s REALLY like, ask me in the comments as well!
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People often ask me what I do for a living and I love to see the look on their face when I say, “I short sell and write about hyped up and manipulated penny stocks”
When I first started blogging in 2007, Investopedia said it was not possible to short sell penny stocks. They have since changed their minds now that my big mouth has been shouting at the top of my lungs, you can short stocks under $5, it’s not as risky as you might assume, but only if you know what you’re doing.
