I don’t like trading soon after the new year or in a new month, because it means the slate is clean and any loss will put me into the red. Yes, I know it is a dumb psychological hangup, but that is how I think. So I was more relieved than elated after making $916.50 on my short of AENY today. My total profit for the new year is now just under $1500, which is not bad for two days’ work. Even better, I made my first trade in my ThinkorSwim account (1k of my 3k shares short of AENY), which is tracked by Covestor.
I wasn’t the only one to profit from AENY … Tim Sykes shorted at the same time I did but covered later and made more. While I am a TimAlerts subscriber, I shorted it before I got the TimAlert, because I understand pump & dumps, having learned about how to trade them from Sykes’ DVDs.
I bought ECOB and JYHW into the close, looking for gaps up on them tomorrow and then I will look to sell quickly. These are both pumps so I recommend staying away.
Trades at IB:
SLD 1,000 AENY false Stock 4.7400 USD SMART 09:31:24 5.00
SLD 1,000 AENY false Stock 4.7000 USD ARCAEDGE 09:32:51 5.00
BOT 500 AENY false Stock 4.4400 USD SMART 10:27:36 2.50
BOT 200 AENY false Stock 4.3850 USD SMART 10:31:19 1.00
BOT 200 AENY false Stock 4.3250 USD SMART 10:34:29 1.00
BOT 300 AENY false Stock 4.3200 USD ARCAEDGE 10:35:33 1.50
+ BOT 200 AENY false Stock 4.290 USD SMART 10:39:19 1.00
+ BOT 300 AENY false Stock 4.173 USD ARCAEDGE 10:57:33 2.00
BOT 300 AENY false Stock 4.2000 USD ARCAEDGE 10:57:55 1.50
BOT 2,500 ECOB false Stock 0.6600 USD ARCAEDGE 15:44:26 8.25
BOT 1,200 JYHW false Stock 1.3900 USD ARCAEDGE 15:53:29 6.00
Daily profit: $916.50
0 thoughts on “Trade recap: $900 in profits on pump & dump Americas Energy Company (OTC: AENY)”
Reaper, how do you know ECOB is BDPS pick before the market close, as I received their email after the market was closed?
I didn’t know … but I thought it was going to get pumped by someone. Pumpers almost invariably front-run their picks and that results in a certain tell-tale stock chart. Furthermore, BDP or related pumpers had given clues. To be honest, I didn’t figure that last part out, InvestorsLive of the InvestorsUnderground chat room did. You can sign up for that chat using my link and save 10%:
reaper, how do you reserve shares at IB
You don’t. Shares I reserved were at ThinkorSwim.