[Trade 2 of 2] No sooner had I exited that it started to downtick. Even though I hate shorting weakness, I promptly got back in. Wasn't around to see it take out lod and drop to 3.18, (placed buy limit@3.00) but saw it bounce back just shy of 3.40. When it tried to crack the lows a second time but couldn't, I covered into bounce for breakeven. I gave it time, but when I realized it wasn't doing what I wanted, I got out, even though it was a presumable pump. Potential reshort into major bounces.

Entry comments: [Trade 1 of 2] Missed it's initial $1+ drop yesterday and day before (first red day). But today I was prepared. Placed an order premarket but never got filled (SSR). Ended up chasing the morning drop a little. Had a quick panic down to 3.22, and that's when I realized how illiquid it was. Volume was decent, just lv.2 and spread moved in leaps & bounds, just like otc's. Bounced, which was normal, to test 3.40 multi-day support it had just cracked.

Exit comments: It wasn't an exact science and did go above for a while. I was away from my desk, otherwise would have been scared out. It dipped under but came right back and consolidated. That's when I decided to take safe profits as it was easy to borrow. I could always get back in.

Entry comments: Blessed to have gotten borrows on this blatant mailer pump. (Filled premarket using GTC order) Small initial position as this can still squeeze, but gotta risk some pain. Rode it to 4.54 high, and almost got bought-in before beautiful mid-morning panic. Should have covered into the 50% drop, but thought "This is a pump. I can hold short forever." Michael even said in his webinar that the stock was unlikely to go lower the next day, due to the magnitude of the drop.

Exit comments: Spent the next few days/weeks holding and waiting as it bounced back to 3.50s and consolidated. Had another chance to cover into panic & fade to 2.60 double bottom, but held stubborn. I eventually got bought-in as it grinded back from the lows. First experiences with pumps with valuable lessons: When you get a big move with large profit, take it and move on! Getting bought in isn't fun. Made $800 when I could have made $1500.

Entry comments: My first successful trade on a pump and dump! Went to place a GTC order for 500 shares (no sts) on the second big up day. Starter position, looking to add at higher prices. Little did I know it would actually get chance filled an hour after sending in the order, and I never would have thought that the pump would start crashing and hour and a half after my entry! The crash was spectacular: from 2.50s to 1.50s in about 30min, with bounces along the way.

Exit comments: It went red just slightly, retracing 80+ cents gains, but shot back, closing green. The next two days, promoters got back to pumping as it consolidated and spiked. Never got to test highs though, and did a few fake panics & spikes. I was lucky to get another 1000 short into strength around this time. 1st red day soon followed, and I patiently held on. Broke support after support and finally came to the triple bottom, where I covered @1.55. (Got bought in on 500 morning of 3rd red day @1.88)

Shorted this multi-day runner that was gapping up but fading premarket. Wanted 2s at open, but only went as high as 1.97. Chased down a bit, sat through morning panic & fade below yesterday's highs, then G/R. Put in an order to cover around support area. If it did go lower, so what? I would be off to other plays. Sideways, and eventually cracked late day, but only 10cents more. Slow mover but predictable pattern.

[Trade 2 of 2] Made lower highs and finally faded down to the 3.30s. Held overnight anticipating gap down and fade. Next morning, had news and spiked. I should have gotten out, but waited as there were no sts. Covered when it broke hod. It later faded all the way back, but was choppy. Good trade. Cut looses when wrong, hold when right.

[Trade 1 of 2] Shorted second day of bounce move. Premarket slight gap down, inability to go higher, using yesterday's hod as risk (3.94). Choppy right at open, tanked at first, then came all the way back and went R/G. Cut losses. No biggie. Reshorted as it couldn't hold breakout and went red. Made low of 3.46, which it tried to break multiple times, but no dice. Wanted to test my patience and not get scared out on a bounce. That was my goal for this trade.

From Tim's watchlist. Easy pattern to short into: Premarket weakness after a few day's run, overhead resistance @6.18 (cut losses if it breaks). Shorted right at open into strength, followed by expected panic. My initial target was 5.50 support, but ended up covering into sideways choppiness as it was illiquid. Too early, covered into fake bounce and got scared out. Later reached my target. Same old story, nothing new. Still missing something in my strategy...

Missed my chance on this two weeks ago, so when it gapped up this morning (still below falling window), I shorted right at open. Great entry price followed by anticipated panic, as this stock never holds it's gaps. Target was 1.40, but it based around 1.46 and started moving higher. Exited into the chop. Sideways rest of day. Easy and predictable. Should have gone in with bigger position!

[Trade 3 of 3] Shorted again into panic (I gotta stop doing that!), but was chopped out. Ended up scalping most of the day, which is a no-no. Missed the entire big move, but didn't want to hold overnight due to possibility of news. At least I managed my risk very well. To the next play! (The last entry was more of a boredom trade, which is VERY DANGEROUS! Do not repeat!)